Primary income payments in Africa Western and Central
Africa Western and Central: Primary income payments was 30.69 billion BoP, current US$ in 2023. ◆ Volatile
Primary income payments in Africa Western and Central, 1978–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for primary income payments in Africa Western and Central is 30.69 billion BoP, current US$, measured in 2023.
That represents a change of down 0.5% on the previous year and down 13.4% over ten years.
Over the whole period, primary income payments in Africa Western and Central peaked at 35.44 billion BoP, current US$ in 2013 and was at its lowest, 1.17 billion BoP, current US$, in 1978.
Africa Western and Central ranks 42nd of 45 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments in Africa Western and Central, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | 1.17 billion BoP, current US$ | — |
| 1979 | 1.59 billion BoP, current US$ | +35.3% |
| 1980 | 3.25 billion BoP, current US$ | +105.0% |
| 1981 | 2.53 billion BoP, current US$ | -22.4% |
| 1982 | 2.61 billion BoP, current US$ | +3.5% |
| 1983 | 2.31 billion BoP, current US$ | -11.5% |
| 1984 | 2.56 billion BoP, current US$ | +10.6% |
| 1985 | 3.24 billion BoP, current US$ | +26.5% |
| 1986 | 2.32 billion BoP, current US$ | -28.5% |
| 1987 | 4.80 billion BoP, current US$ | +107.1% |
| 1988 | 4.41 billion BoP, current US$ | -8.0% |
| 1989 | 4.59 billion BoP, current US$ | +3.9% |
| 1990 | 5.53 billion BoP, current US$ | +20.6% |
| 1991 | 4.89 billion BoP, current US$ | -11.7% |
| 1992 | 5.30 billion BoP, current US$ | +8.5% |
| 1993 | 5.72 billion BoP, current US$ | +7.9% |
| 1994 | 4.83 billion BoP, current US$ | -15.6% |
| 1995 | 3.53 billion BoP, current US$ | -27.0% |
| 1996 | 4.14 billion BoP, current US$ | +17.5% |
| 1997 | 3.65 billion BoP, current US$ | -11.9% |
| 2003 | 6.01 billion BoP, current US$ | +64.9% |
| 2004 | 6.46 billion BoP, current US$ | +7.3% |
| 2005 | 8.64 billion BoP, current US$ | +33.9% |
| 2006 | 10.92 billion BoP, current US$ | +26.3% |
| 2007 | 20.54 billion BoP, current US$ | +88.2% |
| 2008 | 23.42 billion BoP, current US$ | +14.0% |
| 2009 | 21.86 billion BoP, current US$ | -6.6% |
| 2010 | 28.04 billion BoP, current US$ | +28.2% |
| 2011 | 33.09 billion BoP, current US$ | +18.0% |
| 2012 | 33.39 billion BoP, current US$ | +0.9% |
| 2013 | 35.44 billion BoP, current US$ | +6.1% |
| 2014 | 28.47 billion BoP, current US$ | -19.7% |
| 2015 | 20.15 billion BoP, current US$ | -29.2% |
| 2016 | 14.79 billion BoP, current US$ | -26.6% |
| 2017 | 19.20 billion BoP, current US$ | +29.8% |
| 2018 | 24.74 billion BoP, current US$ | +28.8% |
| 2019 | 24.71 billion BoP, current US$ | -0.1% |
| 2020 | 18.38 billion BoP, current US$ | -25.6% |
| 2021 | 26.82 billion BoP, current US$ | +45.9% |
| 2022 | 30.84 billion BoP, current US$ | +15.0% |
| 2023 | 30.69 billion BoP, current US$ | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.38 billion BoP, current US$ | 1.17 billion BoP, current US$ | 1.59 billion BoP, current US$ | 2 |
| 1980s | 3.26 billion BoP, current US$ | 2.31 billion BoP, current US$ | 4.80 billion BoP, current US$ | 10 |
| 1990s | 4.70 billion BoP, current US$ | 3.53 billion BoP, current US$ | 5.72 billion BoP, current US$ | 8 |
| 2000s | 13.98 billion BoP, current US$ | 6.01 billion BoP, current US$ | 23.42 billion BoP, current US$ | 7 |
| 2010s | 26.20 billion BoP, current US$ | 14.79 billion BoP, current US$ | 35.44 billion BoP, current US$ | 10 |
| 2020s | 26.68 billion BoP, current US$ | 18.38 billion BoP, current US$ | 30.84 billion BoP, current US$ | 4 |
Countries ranked near Africa Western and Central
- 39 Cyprus 28.55 billion BoP, current US$ compare
- 40 Kazakhstan 27.05 billion BoP, current US$ compare
- 41 Turkey 25.40 billion BoP, current US$ compare
- 42 Portugal 25.08 billion BoP, current US$ compare
- 43 Qatar 24.28 billion BoP, current US$ compare
- 44 Colombia 22.28 billion BoP, current US$ compare
- 45 Romania 21.79 billion BoP, current US$ compare
More economy & growth data for Africa Western and Central
- GNI, Atlas method (current US$), per unit of GDP 0.9767 current US$ per US$ of GDP (2025)
- Services, value added 528.98 billion constant 2015 US$ (2025)
- Services, value added 423.32 billion current US$ (2025)
- GNI, Atlas method (current US$), per capita 1,563 current US$ per person (2025)
- Industry (including construction), value added 23.2% (2025)
- Industry (including construction), value added 4.5% (2025)
- Industry (including construction), value added 196.30 billion constant 2015 US$ (2025)
- Industry (including construction), value added 198.19 billion current US$ (2025)
- Manufacturing, value added 9.9% (2025)
- Inflation, consumer prices 1.7% (2025)
Frequently asked questions
- What is primary income payments in Africa Western and Central?
- Primary income payments in Africa Western and Central was 30.69 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Africa Western and Central?
- The highest recorded value was 35.44 billion BoP, current US$ in 2013.
- What is the lowest primary income payments recorded in Africa Western and Central?
- The lowest recorded value was 1.17 billion BoP, current US$ in 1978.
- How does Africa Western and Central rank for primary income payments?
- Africa Western and Central ranks 42nd out of 45 groups with data for 2023.
- Is primary income payments rising or falling in Africa Western and Central?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is volatile.
- Where does this Africa Western and Central data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.