Personal remittances, received in Sao Tome and Principe
Sao Tome and Principe: Personal remittances, received was 9.7% in 2024. ◆ Volatile
Personal remittances, received in Sao Tome and Principe, 1978–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Sao Tome and Principe stood at 9.7%.
That represents a change of down 31.4% on the previous year and up 6.1% over ten years.
Over the whole period, personal remittances, received in Sao Tome and Principe peaked at 18.9% in 2022 and was at its lowest, 0.1%, in 1987.
That places Sao Tome and Principe 35th out of 196 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Sao Tome and Principe, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 0.5% | — |
| 1979 | 0.9% | +67.2% |
| 1980 | 0.9% | +4.4% |
| 1981 | 1.1% | +20.8% |
| 1982 | 0.9% | -22.5% |
| 1983 | 1.5% | +64.5% |
| 1984 | 4.2% | +185.1% |
| 1985 | 0.3% | -91.9% |
| 1986 | 0.1% | -78.0% |
| 1987 | 0.1% | -18.0% |
| 1988 | 0.1% | +6.4% |
| 1989 | 0.2% | +147.9% |
| 1990 | 0.3% | +62.9% |
| 1997 | 0.9% | +234.9% |
| 1998 | 0.7% | -20.5% |
| 1999 | 0.7% | +4.7% |
| 2000 | 0.6% | -16.0% |
| 2001 | 0.7% | +19.8% |
| 2002 | 0.9% | +28.4% |
| 2003 | 1.8% | +90.6% |
| 2004 | 1.0% | -46.2% |
| 2005 | 1.1% | +14.5% |
| 2006 | 1.1% | +1.9% |
| 2007 | 1.3% | +19.7% |
| 2008 | 1.6% | +19.0% |
| 2009 | 1.0% | -37.5% |
| 2010 | 3.3% | +236.0% |
| 2011 | 3.0% | -9.3% |
| 2012 | 2.8% | -8.8% |
| 2013 | 9.9% | +258.9% |
| 2014 | 9.2% | -8.0% |
| 2015 | 7.7% | -16.0% |
| 2016 | 6.2% | -19.7% |
| 2017 | 5.6% | -8.5% |
| 2018 | 4.6% | -18.0% |
| 2019 | 2.7% | -41.9% |
| 2020 | 1.8% | -32.0% |
| 2021 | 2.0% | +10.4% |
| 2022 | 18.9% | +834.2% |
| 2023 | 14.2% | -25.0% |
| 2024 | 9.7% | -31.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | 0.5% | 0.9% | 2 |
| 1980s | 0.9% | 0.1% | 4.2% | 10 |
| 1990s | 0.6% | 0.3% | 0.9% | 4 |
| 2000s | 1.1% | 0.6% | 1.8% | 10 |
| 2010s | 5.5% | 2.7% | 9.9% | 10 |
| 2020s | 9.3% | 1.8% | 18.9% | 5 |
Countries ranked near Sao Tome and Principe
- 32 Guinea-Bissau 9.9% compare
- 33 Dominican Republic 9.7% compare
- 34 Montenegro 9.7% compare
- 36 Republic of Moldova 9.4% compare
- 37 Togo 8.7% compare
- 38 Philippines 8.5% compare
More economy & growth data for Sao Tome and Principe
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.35 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 3.83 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0046 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 16.27 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -16.68 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 35.34 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0202 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -70.83 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.12 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Sao Tome and Principe?
- Personal remittances, received in Sao Tome and Principe was 9.7% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Sao Tome and Principe?
- The highest recorded value was 18.9% in 2022.
- What is the lowest personal remittances, received recorded in Sao Tome and Principe?
- The lowest recorded value was 0.1% in 1987.
- How does Sao Tome and Principe rank for personal remittances, received?
- Sao Tome and Principe ranks 35th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Sao Tome and Principe?
- Over the last ten years it is up 6.1%. The long-run trend across the full record is volatile.
- Where does this Sao Tome and Principe 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.