Migrant remittance outflows in Namibia

Namibia: Migrant remittance outflows was 45.90 million current US$ in 2011. ◆ Volatile

Latest (2011)
45.90 million current US$
Change on year
up 40.7%
World rank
22nd
of 49 countries
All-time high
45.90 million current US$
in 2011
All-time low
8.07 million current US$
in 2001
Years of data
22
1990–2011

Migrant remittance outflows in Namibia, 1990–2011

10.0M20.0M30.0M40.0M50.0M1990200020111990: 29.7M current US$1991: 25.9M current US$1992: 17.3M current US$1993: 13.3M current US$1994: 11.2M current US$1995: 11.2M current US$1996: 10.8M current US$1997: 16.6M current US$1998: 10.5M current US$1999: 9.5M current US$2000: 9.0M current US$2001: 8.1M current US$2002: 8.2M current US$2003: 15.1M current US$2004: 17.6M current US$2005: 18.9M current US$2006: 20.2M current US$2007: 16.1M current US$2008: 42.8M current US$2009: 15.9M current US$2010: 32.6M current US$2011: 45.9M current US$

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 Namibia stood at 45.90 million current US$. That is the highest value across all 22 years on record.

The figure is up 40.7% on the previous year and up 468.5% over ten years.

Over the whole period, migrant remittance outflows in Namibia peaked at 45.90 million current US$ in 2011 and was at its lowest, 8.07 million current US$, in 2001.

Namibia ranks 22nd of 49 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 15.59 million current US$ 9.46 million current US$ 29.72 million current US$ 10
2000s 17.17 million current US$ 8.07 million current US$ 42.83 million current US$ 10
2010s 39.26 million current US$ 32.62 million current US$ 45.90 million current US$ 2

Countries ranked near Namibia

  1. 19 Zambia 70.40 million current US$ compare
  2. 20 Togo 62.79 million current US$ compare
  3. 21 Cameroon 54.18 million current US$ compare
  4. 23 Mozambique 45.03 million current US$ compare
  5. 24 Guinea 42.98 million current US$ compare
  6. 25 Gambia 33.26 million current US$ compare

See the full ranking of 55 places →

More trade data for Namibia

All data for Namibia →

Frequently asked questions

What is migrant remittance outflows in Namibia?
Migrant remittance outflows in Namibia was 45.90 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 Namibia?
The highest recorded value was 45.90 million current US$ in 2011.
What is the lowest migrant remittance outflows recorded in Namibia?
The lowest recorded value was 8.07 million current US$ in 2001.
How does Namibia rank for migrant remittance outflows?
Namibia ranks 22nd out of 49 countries with data for 2011.
Is migrant remittance outflows rising or falling in Namibia?
Over the last ten years it is up 468.5%. The long-run trend across the full record is volatile.
Where does this Namibia 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.

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CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Migrant remittance outflows (current US$)
Unit
current US$
Source
World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
55 places, 1,636 data points, 1970–2011
Last refreshed

Migrants’ remittances are defined as the sum of worker’s remittances,