Secondary income, Debit/Expenditure in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Secondary income, Debit/Expenditure was 19.44 billion in 2024. ▲ Rising
Secondary income, Debit/Expenditure in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income, debit/expenditure in Sub-Saharan Africa (SSA) stood at 19.44 billion.
That represents a change of down 9.6% on the previous year and up 10.5% over ten years.
Over the whole period, secondary income, debit/expenditure in Sub-Saharan Africa (SSA) peaked at 21.51 billion in 2023 and was at its lowest, 6.42 billion, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income, Debit/Expenditure in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 6.42 billion | — |
| 2006 | 7.21 billion | +12.3% |
| 2007 | 8.13 billion | +12.7% |
| 2008 | 9.33 billion | +14.8% |
| 2009 | 9.45 billion | +1.3% |
| 2010 | 9.83 billion | +4.0% |
| 2011 | 12.22 billion | +24.4% |
| 2012 | 14.27 billion | +16.7% |
| 2013 | 15.47 billion | +8.4% |
| 2014 | 17.60 billion | +13.7% |
| 2015 | 18.69 billion | +6.2% |
| 2016 | 15.21 billion | -18.6% |
| 2017 | 15.82 billion | +4.0% |
| 2018 | 15.66 billion | -1.0% |
| 2019 | 15.42 billion | -1.5% |
| 2020 | 15.75 billion | +2.2% |
| 2021 | 16.62 billion | +5.5% |
| 2022 | 19.35 billion | +16.4% |
| 2023 | 21.51 billion | +11.1% |
| 2024 | 19.44 billion | -9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.11 billion | 6.42 billion | 9.45 billion | 5 |
| 2010s | 15.02 billion | 9.83 billion | 18.69 billion | 10 |
| 2020s | 18.54 billion | 15.75 billion | 21.51 billion | 5 |
Countries ranked near Sub-Saharan Africa (SSA)
- 6 United Kingdom 61.86 billion compare
- 7 Saudi Arabia 54.70 billion compare
- 8 Italy 46.04 billion compare
- 9 Spain 43.92 billion compare
- 10 Belgium 37.89 billion compare
- 11 Singapore 37.53 billion compare
- 12 Netherlands 30.23 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)
- Primary income, Debit/Expenditure 91.52 billion (2024)
- Services, Debit/Expenditure 137.40 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 secondary income, debit/expenditure in Sub-Saharan Africa (SSA)?
- Secondary income, debit/expenditure in Sub-Saharan Africa (SSA) was 19.44 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income, debit/expenditure recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was 21.51 billion in 2023.
- What is the lowest secondary income, debit/expenditure recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was 6.42 billion in 2005.
- How does Sub-Saharan Africa (SSA) rank for secondary income, debit/expenditure?
- Sub-Saharan Africa (SSA) ranks 9th out of 9 groups with data for 2024.
- Is secondary income, debit/expenditure rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is up 10.5%. 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 Secondary 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.