Personal remittances, received in Least developed countries
Least developed countries: Personal remittances, received was 5.2% in 2024. ▲ Rising
Personal remittances, received in Least developed countries, 1989–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Least developed countries stood at 5.2%. That is the highest value across all 36 years on record.
The figure is up 13.5% on the previous year and up 22.1% over ten years.
Over the whole period, personal remittances, received in Least developed countries peaked at 5.2% in 2024 and was at its lowest, 2.4%, in 1991.
Least developed countries ranks 9th of 45 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Personal remittances, received in Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1989 | 2.7% | — |
| 1990 | 3.0% | +11.4% |
| 1991 | 2.4% | -21.6% |
| 1992 | 3.4% | +42.4% |
| 1993 | 3.1% | -7.2% |
| 1994 | 3.2% | +1.7% |
| 1995 | 3.3% | +4.9% |
| 1996 | 3.0% | -10.4% |
| 1997 | 3.2% | +8.5% |
| 1998 | 3.5% | +6.8% |
| 1999 | 3.5% | +0.8% |
| 2000 | 3.6% | +1.8% |
| 2001 | 3.7% | +5.1% |
| 2002 | 4.5% | +20.5% |
| 2003 | 4.5% | -1.2% |
| 2004 | 4.4% | -1.1% |
| 2005 | 4.0% | -8.2% |
| 2006 | 4.2% | +4.0% |
| 2007 | 4.2% | +0.0% |
| 2008 | 3.7% | -11.8% |
| 2009 | 3.9% | +5.4% |
| 2010 | 3.9% | +0.5% |
| 2011 | 3.9% | -1.1% |
| 2012 | 4.3% | +11.1% |
| 2013 | 4.3% | -0.3% |
| 2014 | 4.2% | -1.7% |
| 2015 | 4.6% | +9.2% |
| 2016 | 4.3% | -6.2% |
| 2017 | 3.8% | -11.5% |
| 2018 | 4.2% | +8.7% |
| 2019 | 4.4% | +5.4% |
| 2020 | 4.7% | +7.5% |
| 2021 | 4.5% | -4.5% |
| 2022 | 4.2% | -6.8% |
| 2023 | 4.6% | +8.4% |
| 2024 | 5.2% | +13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.7% | 2.7% | 2.7% | 1 |
| 1990s | 3.2% | 2.4% | 3.5% | 10 |
| 2000s | 4.1% | 3.6% | 4.5% | 10 |
| 2010s | 4.2% | 3.8% | 4.6% | 10 |
| 2020s | 4.6% | 4.2% | 5.2% | 5 |
Countries ranked near Least developed countries
More economy & growth data for Least developed countries
- Trade 43.7% (2025)
- Gross capital formation 25.4% (2025)
- Imports of goods and services 471.39 billion current US$ (2025)
- Imports of goods and services 441.25 billion constant 2015 US$ (2025)
- Imports of goods and services 6.4% (2025)
- Imports of goods and services 28.5% (2025)
- External balance on goods and services -6.8% (2025)
- Manufacturing, value added 233.76 billion current US$ (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9899 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added 4.0% (2025)
Frequently asked questions
- What is personal remittances, received in Least developed countries?
- Personal remittances, received in Least developed countries was 5.2% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Least developed countries?
- The highest recorded value was 5.2% in 2024.
- What is the lowest personal remittances, received recorded in Least developed countries?
- The lowest recorded value was 2.4% in 1991.
- How does Least developed countries rank for personal remittances, received?
- Least developed countries ranks 9th out of 45 groups with data for 2024.
- Is personal remittances, received rising or falling in Least developed countries?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is rising.
- Where does this Least developed countries data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.