Personal remittances, received in Liberia
Liberia: Personal remittances, received was 21.3% in 2024. ◆ Volatile
Personal remittances, received in Liberia, 2004–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Liberia stood at 21.3%.
That represents a change of down 1.7% on the previous year and up 34.0% over ten years.
Over the whole period, personal remittances, received in Liberia peaked at 24.6% in 2021 and was at its lowest, 1.4%, in 2009.
Liberia ranks 12th of 196 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Liberia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 6.5% | — |
| 2005 | 3.4% | -48.5% |
| 2006 | 7.0% | +109.8% |
| 2007 | 4.5% | -35.9% |
| 2008 | 3.4% | -25.4% |
| 2009 | 1.4% | -57.8% |
| 2010 | 14.7% | +936.6% |
| 2011 | 21.8% | +48.1% |
| 2012 | 19.6% | -10.2% |
| 2013 | 13.0% | -33.7% |
| 2014 | 15.9% | +22.2% |
| 2015 | 20.3% | +27.8% |
| 2016 | 17.1% | -15.8% |
| 2017 | 11.9% | -30.3% |
| 2018 | 13.4% | +12.9% |
| 2019 | 10.4% | -22.4% |
| 2020 | 13.1% | +25.9% |
| 2021 | 24.6% | +87.5% |
| 2022 | 21.9% | -11.0% |
| 2023 | 21.6% | -1.2% |
| 2024 | 21.3% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 1.4% | 7.0% | 6 |
| 2010s | 15.8% | 10.4% | 21.8% | 10 |
| 2020s | 20.5% | 13.1% | 24.6% | 5 |
Countries ranked near Liberia
More economy & growth data for Liberia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.15 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.94 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.3265 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 298.89 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.58 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.2899 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 265.33 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.58 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.292 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is personal remittances, received in Liberia?
- Personal remittances, received in Liberia was 21.3% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Liberia?
- The highest recorded value was 24.6% in 2021.
- What is the lowest personal remittances, received recorded in Liberia?
- The lowest recorded value was 1.4% in 2009.
- How does Liberia rank for personal remittances, received?
- Liberia ranks 12th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Liberia?
- Over the last ten years it is up 34.0%. The long-run trend across the full record is volatile.
- Where does this Liberia 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.
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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.