Migrant remittance outflows in Libya
Libya: Migrant remittance outflows was 650.00 million current US$ in 2011. ◆ Volatile
Migrant remittance outflows in Libya, 1977–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
In 2011, migrant remittance outflows in Libya stood at 650.00 million current US$.
Compared with earlier readings it is down 59.6% on the previous year and down 4.8% over ten years.
Over the whole period, migrant remittance outflows in Libya peaked at 2.03 billion current US$ in 1983 and was at its lowest, 192.03 million current US$, in 1997.
That places Libya 3rd out of 49 countries with data for 2011, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 867.76 million current US$ | 831.61 million current US$ | 931.93 million current US$ | 3 |
| 1980s | 1.02 billion current US$ | 466.29 million current US$ | 2.03 billion current US$ | 10 |
| 1990s | 296.19 million current US$ | 192.03 million current US$ | 445.66 million current US$ | 10 |
| 2000s | 852.94 million current US$ | 463.00 million current US$ | 1.36 billion current US$ | 10 |
| 2010s | 1.13 billion current US$ | 650.00 million current US$ | 1.61 billion current US$ | 2 |
Countries ranked near Libya
- 1 South Africa 1.44 billion current US$ compare
- 2 Cote d'Ivoire 725.59 million current US$ compare
- 4 Angola 564.26 million current US$ compare
- 5 Uganda 347.72 million current US$ compare
- 6 Egypt 292.90 million current US$ compare
More trade data for Libya
- Net long-term borrowing 642.00 million BoP, current US$ (2011)
- Pesticides imports 15.90 million FAO, current US$ (2010)
- Food imports excluding fish 1.90 billion FAO, current US$ (2010)
- Total agricultural imports 2.22 billion FAO, current US$ (2010)
- Cereal imports 705.16 million FAO, current US$ (2010)
- Cereal imports quantity 2.90 million FAO, tonnes (2010)
- Total agricultural exports 7.16 million FAO, current US$ (2010)
- Cereal exports 37,000 FAO, current US$ (2010)
- Cereal exports quantity 29 FAO, tonnes (2010)
- Agricultural tractors, imports 4.62 million FAO, current US$ (2007)
Frequently asked questions
- What is migrant remittance outflows in Libya?
- Migrant remittance outflows in Libya was 650.00 million current US$ in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008.
- What is the highest migrant remittance outflows recorded in Libya?
- The highest recorded value was 2.03 billion current US$ in 1983.
- What is the lowest migrant remittance outflows recorded in Libya?
- The lowest recorded value was 192.03 million current US$ in 1997.
- How does Libya rank for migrant remittance outflows?
- Libya ranks 3rd out of 49 countries with data for 2011.
- Is migrant remittance outflows rising or falling in Libya?
- Over the last ten years it is down 4.8%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, published as part of Migrant remittance outflows (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Migrants’ remittances are defined as the sum of worker’s remittances,