Primary income, Debit/Expenditure in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Primary income, Debit/Expenditure was 91.52 billion in 2024. ▲ Rising
Primary income, Debit/Expenditure in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income, debit/expenditure in Sub-Saharan Africa (SSA) stood at 91.52 billion.
Compared with earlier readings it is down 1.6% on the previous year and up 21.5% over ten years.
Over the whole period, primary income, debit/expenditure in Sub-Saharan Africa (SSA) peaked at 96.53 billion in 2022 and was at its lowest, 27.63 billion, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Primary income, Debit/Expenditure in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 27.63 billion | — |
| 2006 | 35.49 billion | +28.4% |
| 2007 | 54.81 billion | +54.5% |
| 2008 | 64.74 billion | +18.1% |
| 2009 | 50.35 billion | -22.2% |
| 2010 | 68.89 billion | +36.8% |
| 2011 | 80.90 billion | +17.4% |
| 2012 | 76.26 billion | -5.7% |
| 2013 | 85.32 billion | +11.9% |
| 2014 | 75.32 billion | -11.7% |
| 2015 | 58.51 billion | -22.3% |
| 2016 | 53.87 billion | -7.9% |
| 2017 | 67.99 billion | +26.2% |
| 2018 | 75.49 billion | +11.0% |
| 2019 | 75.86 billion | +0.5% |
| 2020 | 55.82 billion | -26.4% |
| 2021 | 76.87 billion | +37.7% |
| 2022 | 96.53 billion | +25.6% |
| 2023 | 93.01 billion | -3.6% |
| 2024 | 91.52 billion | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.60 billion | 27.63 billion | 64.74 billion | 5 |
| 2010s | 71.84 billion | 53.87 billion | 85.32 billion | 10 |
| 2020s | 82.75 billion | 55.82 billion | 96.53 billion | 5 |
Countries ranked near Sub-Saharan Africa (SSA)
- 6 Luxembourg 411.42 billion compare
- 7 France 345.67 billion compare
- 8 Germany 302.48 billion compare
- 9 Singapore 288.59 billion compare
- 10 Switzerland 252.44 billion compare
- 11 Hong Kong, China 243.88 billion compare
- 12 Canada 183.08 billion compare
More trade data for Sub-Saharan Africa (SSA)
- Total current account debit/expenditure, Debit/Expenditure 665.62 billion (2024)
- Goods, Debit/Expenditure 417.25 billion (2024)
- Services, Debit/Expenditure 137.40 billion (2024)
- Secondary income, Debit/Expenditure 19.44 billion (2024)
- Total capital account debit/expenditure, Debit/Expenditure 351.92 million (2024)
- Imports of goods and services, Percent of GDP (Balance of Payments) 28.16 (2027)
- Exports of goods and services, Percent of GDP (Balance of Payments) 27.95 (2027)
Frequently asked questions
- What is primary income, debit/expenditure in Sub-Saharan Africa (SSA)?
- Primary income, debit/expenditure in Sub-Saharan Africa (SSA) was 91.52 billion in 2024, according to International Monetary Fund.
- What is the highest primary income, debit/expenditure recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was 96.53 billion in 2022.
- What is the lowest primary income, debit/expenditure recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was 27.63 billion in 2005.
- How does Sub-Saharan Africa (SSA) rank for primary income, debit/expenditure?
- Sub-Saharan Africa (SSA) ranks 9th out of 9 groups with data for 2024.
- Is primary income, debit/expenditure rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is up 21.5%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (SSA) data come from?
- The figures come from International Monetary Fund, published as part of Primary income, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.