Workers' remittances, payments in Malawi
Malawi: Workers' remittances, payments was 10.53 million BoP, current US$ in 2011. ◆ Volatile
Workers' remittances, payments in Malawi, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
In 2011, workers' remittances, payments in Malawi stood at 10.53 million BoP, current US$. That is the highest value across all 7 years on record.
That represents a change of up 32.3% on the previous year and up 2,304.6% over ten years.
Malawi ranks 30th of 34 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.95 million BoP, current US$ | 437,740 BoP, current US$ | 6.16 million BoP, current US$ | 5 |
| 2010s | 9.24 million BoP, current US$ | 7.96 million BoP, current US$ | 10.53 million BoP, current US$ | 2 |
Countries ranked near Malawi
- 27 Seychelles 17.56 million BoP, current US$ compare
- 28 Tunisia 13.07 million BoP, current US$ compare
- 29 Djibouti 12.86 million BoP, current US$ compare
- 31 Cape Verde 6.79 million BoP, current US$ compare
- 32 Namibia 3.87 million BoP, current US$ compare
- 33 Burundi 3.52 million 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, payments in Malawi?
- Workers' remittances, payments in Malawi was 10.53 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, payments recorded in Malawi?
- The highest recorded value was 10.53 million BoP, current US$ in 2011.
- What is the lowest workers' remittances, payments recorded in Malawi?
- The lowest recorded value was 437,740 BoP, current US$ in 2005.
- How does Malawi rank for workers' remittances, payments?
- Malawi ranks 30th out of 34 countries with data for 2011.
- Is workers' remittances, payments rising or falling in Malawi?
- Over the last ten years it is up 2,304.6%. The long-run trend across the full record is volatile.
- 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, payments (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. This item shows payments by the reporting country. Data are in current U.S. dollars.