Migrant remittance outflows in South Africa
South Africa: Migrant remittance outflows was 1.44 billion current US$ in 2011. ▲ Rising
Migrant remittance outflows in South Africa, 1970–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
South Africa recorded 1.44 billion current US$ for migrant remittance outflows in 2011. That is the highest value across all 42 years on record.
Compared with earlier readings it is up 5.2% on the previous year and up 154.2% over ten years.
Over the whole period, migrant remittance outflows in South Africa peaked at 1.44 billion current US$ in 2011 and was at its lowest, 236.60 million current US$, in 1970.
That places South Africa 1st out of 49 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently rising across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 516.48 million current US$ | 236.60 million current US$ | 805.83 million current US$ | 10 |
| 1980s | 983.13 million current US$ | 721.69 million current US$ | 1.09 billion current US$ | 10 |
| 1990s | 754.87 million current US$ | 592.64 million current US$ | 1.20 billion current US$ | 10 |
| 2000s | 903.62 million current US$ | 540.85 million current US$ | 1.19 billion current US$ | 10 |
| 2010s | 1.41 billion current US$ | 1.37 billion current US$ | 1.44 billion current US$ | 2 |
Countries ranked near South Africa
More trade data for South Africa
- Net long-term borrowing 54.46 million BoP, current US$ (2011)
- Pesticides imports 335.54 million FAO, current US$ (2011)
- Lead time to export, median case 3 days (2016)
- Food imports excluding fish 3.15 billion FAO, current US$ (2010)
- Total agricultural imports 4.94 billion FAO, current US$ (2010)
- Cereal imports 727.29 million FAO, current US$ (2010)
- Cereal imports quantity 2.11 million FAO, tonnes (2010)
- Total agricultural exports 6.12 billion FAO, current US$ (2010)
- Cereal exports 367.06 million FAO, current US$ (2010)
- Cereal exports quantity 1.38 million FAO, tonnes (2010)
Frequently asked questions
- What is migrant remittance outflows in South Africa?
- Migrant remittance outflows in South Africa was 1.44 billion 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 South Africa?
- The highest recorded value was 1.44 billion current US$ in 2011.
- What is the lowest migrant remittance outflows recorded in South Africa?
- The lowest recorded value was 236.60 million current US$ in 1970.
- How does South Africa rank for migrant remittance outflows?
- South Africa ranks 1st out of 49 countries with data for 2011.
- Is migrant remittance outflows rising or falling in South Africa?
- Over the last ten years it is up 154.2%. The long-run trend across the full record is rising.
- Where does this South Africa 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
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Migrants’ remittances are defined as the sum of worker’s remittances,