Workers' remittances, net in Malawi
Malawi: Workers' remittances, net was 5.58 million BoP, current US$ in 2011. ▼ Falling
Workers' remittances, net in Malawi, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
Malawi recorded 5.58 million BoP, current US$ for workers' remittances, net in 2011. That is the lowest value across all 7 years on record.
That represents a change of down 29.9% on the previous year and down 74.5% over ten years.
That places Malawi 29th out of 39 countries with data for 2011, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.11 million BoP, current US$ | 9.98 million BoP, current US$ | 21.90 million BoP, current US$ | 5 |
| 2010s | 6.78 million BoP, current US$ | 5.58 million BoP, current US$ | 7.97 million BoP, current US$ | 2 |
Countries ranked near Malawi
- 26 Seychelles 7.03 million BoP, current US$ compare
- 27 Sao Tome and Principe 6.88 million BoP, current US$ compare
- 28 Lesotho 6.43 million BoP, current US$ compare
- 30 Zambia 4.80 million BoP, current US$ compare
- 31 Namibia 2.21 million BoP, current US$ compare
- 32 Eswatini 764,900 BoP, current US$ compare
More trade data for Malawi
- Net long-term borrowing -1.20 million BoP, current US$ (2011)
- Pesticides imports 17.88 million FAO, current US$ (2011)
- Food imports excluding fish 274.41 million FAO, current US$ (2010)
- Total agricultural imports 442.79 million FAO, current US$ (2010)
- Cereal imports 135.60 million FAO, current US$ (2010)
- Cereal imports quantity 199,076 FAO, tonnes (2010)
- Total agricultural exports 1.26 billion FAO, current US$ (2010)
- Cereal exports 10.25 million FAO, current US$ (2010)
- Cereal exports quantity 26,085 FAO, tonnes (2010)
- Merchandise exports, WB 935.42 million current US$ (2011)
Frequently asked questions
- What is workers' remittances, net in Malawi?
- Workers' remittances, net in Malawi was 5.58 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest workers' remittances, net recorded in Malawi?
- The highest recorded value was 21.90 million BoP, current US$ in 2005.
- What is the lowest workers' remittances, net recorded in Malawi?
- The lowest recorded value was 5.58 million BoP, current US$ in 2011.
- How does Malawi rank for workers' remittances, net?
- Malawi ranks 29th out of 39 countries with data for 2011.
- Is workers' remittances, net rising or falling in Malawi?
- Over the last ten years it is down 74.5%. The long-run trend across the full record is falling.
- Where does this Malawi data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Workers' remittances, net (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. Data are in current U.S. dollars.