Libya vs Sub-Saharan Africa (excluding high income): Personal remittances, paid
Personal remittances, paid over time
- Libya
- Sub-Saharan Africa (excluding high income)
How they compare
Libya currently reports 4.82 billion current US$ against 4.48 billion current US$ in Sub-Saharan Africa (excluding high income), a difference of 334.62 million current US$.
That makes Libya's figure about 1.1 times Sub-Saharan Africa (excluding high income)'s.
Across all 47 years both countries report, Sub-Saharan Africa (excluding high income) has been ahead every year.
Libya ranks 29th and Sub-Saharan Africa (excluding high income) ranks 31st of 196 countries.
Sub-Saharan Africa (excluding high income) has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Libya | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 867.76 million current US$ | 2.00 billion current US$ | 1.13 billion current US$ | Sub-Saharan Africa (excluding high income) |
| 1980s | 1.02 billion current US$ | 2.64 billion current US$ | 1.62 billion current US$ | Sub-Saharan Africa (excluding high income) |
| 1990s | 296.19 million current US$ | 2.21 billion current US$ | 1.91 billion current US$ | Sub-Saharan Africa (excluding high income) |
| 2000s | 852.94 million current US$ | 3.28 billion current US$ | 2.43 billion current US$ | Sub-Saharan Africa (excluding high income) |
| 2010s | 1.27 billion current US$ | 8.37 billion current US$ | 7.11 billion current US$ | Sub-Saharan Africa (excluding high income) |
| 2020s | 2.29 billion current US$ | 9.78 billion current US$ | 7.48 billion current US$ | Sub-Saharan Africa (excluding high income) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, paid, Libya or Sub-Saharan Africa (excluding high income)?
- Libya, at 4.82 billion current US$ against 4.48 billion current US$ in Sub-Saharan Africa (excluding high income) as of 2023.
- What is the difference in personal remittances, paid between Libya and Sub-Saharan Africa (excluding high income)?
- 334.62 million current US$, with Libya ahead.
- How many years of comparable data are there for Libya and Sub-Saharan Africa (excluding high income)?
- 47 years are reported by both, from 1977 to 2023.
- How do Libya and Sub-Saharan Africa (excluding high income) rank globally for personal remittances, paid?
- Libya ranks 29th and Sub-Saharan Africa (excluding high income) ranks 31st of 196 countries.
- Where does this data come from?
- IMF balance of payments data, International Monetary Fund (IMF), published as Personal remittances, paid (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.