Official current transfers, net (BoP, current US$) in Africa
Africa: Official current transfers, net (BoP, current US$) was 4.88 billion BoP, current US$ in 2002. ▲ Rising
Official current transfers, net in Africa, 1981–2002
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
Africa recorded 4.88 billion BoP, current US$ for official current transfers, net in 2002.
Compared with earlier readings it is up 19.0% on the previous year and down 43.0% over ten years.
Over the whole period, official current transfers, net in Africa peaked at 10.55 billion BoP, current US$ in 1991 and was at its lowest, 2.31 billion BoP, current US$, in 1982.
The long-run direction has been consistently rising across the 18 years of available data.
Official current transfers, net (BoP, current US$) in Africa, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | 2.45 billion BoP, current US$ | — |
| 1982 | 2.31 billion BoP, current US$ | -5.8% |
| 1983 | 3.07 billion BoP, current US$ | +33.2% |
| 1984 | 3.34 billion BoP, current US$ | +8.8% |
| 1985 | 4.04 billion BoP, current US$ | +21.0% |
| 1986 | 4.51 billion BoP, current US$ | +11.5% |
| 1987 | 4.97 billion BoP, current US$ | +10.3% |
| 1988 | 5.47 billion BoP, current US$ | +10.0% |
| 1989 | 6.54 billion BoP, current US$ | +19.5% |
| 1990 | 9.18 billion BoP, current US$ | +40.5% |
| 1991 | 10.55 billion BoP, current US$ | +14.9% |
| 1992 | 8.56 billion BoP, current US$ | -18.9% |
| 1993 | 6.78 billion BoP, current US$ | -20.8% |
| 1994 | 6.41 billion BoP, current US$ | -5.4% |
| 1997 | 4.19 billion BoP, current US$ | -34.7% |
| 2000 | 4.16 billion BoP, current US$ | -0.6% |
| 2001 | 4.10 billion BoP, current US$ | -1.5% |
| 2002 | 4.88 billion BoP, current US$ | +19.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.08 billion BoP, current US$ | 2.31 billion BoP, current US$ | 6.54 billion BoP, current US$ | 9 |
| 1990s | 7.61 billion BoP, current US$ | 4.19 billion BoP, current US$ | 10.55 billion BoP, current US$ | 6 |
| 2000s | 4.38 billion BoP, current US$ | 4.10 billion BoP, current US$ | 4.88 billion BoP, current US$ | 3 |
Countries ranked near Africa
More trade data for Africa
- Milking, dairy machinery (trade) — Import Value 64,599 1000 USD (2007)
- Milking, dairy machinery (trade) — Export Value 2,418 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) — Import Value 12,951 1000 USD (2007)
- Pedestrian controlled tractors (single axle tractors) — Import Value 20,251 1000 USD (2007)
- Net long-term borrowing 496.17 million BoP, current US$ (2011)
- Pesticides imports 992.27 million FAO, current US$ (2011)
- Manure spreaders and Fertiliser distributors — Import Value 8,033 1000 USD (2007)
- Food imports excluding fish 51.61 billion FAO, current US$ (2010)
- Total agricultural imports 62.76 billion FAO, current US$ (2010)
- Cereal imports 18.44 billion FAO, current US$ (2010)
Frequently asked questions
- What is official current transfers, net in Africa?
- Official current transfers, net in Africa was 4.88 billion BoP, current US$ in 2002, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest official current transfers, net recorded in Africa?
- The highest recorded value was 10.55 billion BoP, current US$ in 1991.
- What is the lowest official current transfers, net recorded in Africa?
- The lowest recorded value was 2.31 billion BoP, current US$ in 1982.
- How does Africa rank for official current transfers, net?
- Africa ranks 1st out of 4 groups with data for 2002.
- Is official current transfers, net rising or falling in Africa?
- Over the last ten years it is down 43.0%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Official current transfers, net (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.