Secondary income, other sectors, payments in Africa Western and Central
Africa Western and Central: Secondary income, other sectors, payments was 5.61 billion BoP, current US$ in 2023. ◆ Volatile
Secondary income, other sectors, 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$.
Analysis
In 2023, secondary income, other sectors, payments in Africa Western and Central stood at 5.61 billion BoP, current US$.
The figure is up 4.4% on the previous year and up 49.6% over ten years.
Over the whole period, secondary income, other sectors, payments in Africa Western and Central peaked at 8.25 billion BoP, current US$ in 2015 and was at its lowest, 316.15 million BoP, current US$, in 1997.
Africa Western and Central ranks 42nd of 47 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income, other sectors, payments in Africa Western and Central, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | 591.32 million BoP, current US$ | — |
| 1979 | 863.15 million BoP, current US$ | +46.0% |
| 1980 | 1.05 billion BoP, current US$ | +21.4% |
| 1981 | 958.52 million BoP, current US$ | -8.5% |
| 1982 | 883.31 million BoP, current US$ | -7.8% |
| 1983 | 894.73 million BoP, current US$ | +1.3% |
| 1984 | 781.68 million BoP, current US$ | -12.6% |
| 1985 | 811.46 million BoP, current US$ | +3.8% |
| 1986 | 823.83 million BoP, current US$ | +1.5% |
| 1987 | 751.44 million BoP, current US$ | -8.8% |
| 1988 | 805.38 million BoP, current US$ | +7.2% |
| 1989 | 739.73 million BoP, current US$ | -8.2% |
| 1990 | 791.43 million BoP, current US$ | +7.0% |
| 1991 | 806.97 million BoP, current US$ | +2.0% |
| 1992 | 900.92 million BoP, current US$ | +11.6% |
| 1993 | 829.62 million BoP, current US$ | -7.9% |
| 1994 | 597.01 million BoP, current US$ | -28.0% |
| 1995 | 418.93 million BoP, current US$ | -29.8% |
| 1996 | 389.78 million BoP, current US$ | -7.0% |
| 1997 | 316.15 million BoP, current US$ | -18.9% |
| 2005 | 1.53 billion BoP, current US$ | +384.1% |
| 2006 | 1.58 billion BoP, current US$ | +3.5% |
| 2007 | 2.18 billion BoP, current US$ | +37.7% |
| 2008 | 2.62 billion BoP, current US$ | +20.3% |
| 2009 | 2.67 billion BoP, current US$ | +1.8% |
| 2010 | 2.85 billion BoP, current US$ | +6.7% |
| 2011 | 3.40 billion BoP, current US$ | +19.3% |
| 2012 | 3.28 billion BoP, current US$ | -3.6% |
| 2013 | 3.75 billion BoP, current US$ | +14.4% |
| 2014 | 6.07 billion BoP, current US$ | +61.8% |
| 2015 | 8.25 billion BoP, current US$ | +36.0% |
| 2016 | 6.43 billion BoP, current US$ | -22.1% |
| 2017 | 4.58 billion BoP, current US$ | -28.7% |
| 2018 | 4.67 billion BoP, current US$ | +1.9% |
| 2019 | 4.59 billion BoP, current US$ | -1.7% |
| 2020 | 4.52 billion BoP, current US$ | -1.5% |
| 2021 | 4.09 billion BoP, current US$ | -9.4% |
| 2022 | 5.37 billion BoP, current US$ | +31.3% |
| 2023 | 5.61 billion BoP, current US$ | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 727.23 million BoP, current US$ | 591.32 million BoP, current US$ | 863.15 million BoP, current US$ | 2 |
| 1980s | 849.79 million BoP, current US$ | 739.73 million BoP, current US$ | 1.05 billion BoP, current US$ | 10 |
| 1990s | 631.35 million BoP, current US$ | 316.15 million BoP, current US$ | 900.92 million BoP, current US$ | 8 |
| 2000s | 2.12 billion BoP, current US$ | 1.53 billion BoP, current US$ | 2.67 billion BoP, current US$ | 5 |
| 2010s | 4.79 billion BoP, current US$ | 2.85 billion BoP, current US$ | 8.25 billion BoP, current US$ | 10 |
| 2020s | 4.90 billion BoP, current US$ | 4.09 billion BoP, current US$ | 5.61 billion BoP, current US$ | 4 |
Countries ranked near Africa Western and Central
- 39 Macau, China 4.02 billion BoP, current US$ compare
- 40 Denmark 3.77 billion BoP, current US$ compare
- 41 Türkiye 3.03 billion BoP, current US$ compare
- 42 Hungary 2.87 billion BoP, current US$ compare
- 43 Bahrain 2.66 billion BoP, current US$ compare
- 44 Brazil 2.66 billion BoP, current US$ compare
- 45 Ghana 2.48 billion BoP, current US$ compare
More economy & growth data for Africa Western and Central
- GNI, Atlas method (current US$), annual growth rate -1.8 % change on previous year (2025)
- GNI per capita, Atlas method 1,563 current US$ (2025)
- GNI (current US$), per capita 1,536 current US$ per person (2025)
- GNI (current US$), per unit of GDP 0.9601 current US$ per US$ of GDP (2025)
- GNI (current US$), annual growth rate 15.33 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 1,563 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9767 current US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), annual growth rate 4.6 % change on previous year (2025)
- GDP (current US$), annual growth rate 15.62 % change on previous year (2025)
- GDP (current US$), per capita 1,600 current US$ per person (2025)
Frequently asked questions
- What is secondary income, other sectors, payments in Africa Western and Central?
- Secondary income, other sectors, payments in Africa Western and Central was 5.61 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income, other sectors, payments recorded in Africa Western and Central?
- The highest recorded value was 8.25 billion BoP, current US$ in 2015.
- What is the lowest secondary income, other sectors, payments recorded in Africa Western and Central?
- The lowest recorded value was 316.15 million BoP, current US$ in 1997.
- How does Africa Western and Central rank for secondary income, other sectors, payments?
- Africa Western and Central ranks 42nd out of 47 groups with data for 2023.
- Is secondary income, other sectors, payments rising or falling in Africa Western and Central?
- Over the last ten years it is up 49.6%. 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 Secondary income, other sectors, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.