Volume of remittances (in United States dollars) as a proportion of in Africa
Africa: Volume of remittances (in United States dollars) as a proportion of was 3.9% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Africa stood at 3.9%. That is the highest value across all 25 years on record.
The figure is up 27.3% on the previous year and up 40.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Africa peaked at 3.9% in 2024 and was at its lowest, 1.8%, in 2000.
That places Africa 10th out of 36 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.8% | — |
| 2001 | 1.9% | +5.3% |
| 2002 | 2.0% | +4.2% |
| 2003 | 1.9% | -1.8% |
| 2004 | 2.1% | +5.9% |
| 2005 | 2.9% | +38.6% |
| 2006 | 2.8% | -1.3% |
| 2007 | 3.0% | +5.3% |
| 2008 | 2.7% | -9.7% |
| 2009 | 2.6% | -1.8% |
| 2010 | 2.7% | +2.5% |
| 2011 | 2.8% | +2.7% |
| 2012 | 2.8% | +2.3% |
| 2013 | 2.7% | -6.1% |
| 2014 | 2.8% | +5.4% |
| 2015 | 3.1% | +9.8% |
| 2016 | 3.1% | +0.4% |
| 2017 | 3.5% | +12.7% |
| 2018 | 3.5% | +1.1% |
| 2019 | 3.2% | -9.6% |
| 2020 | 3.2% | +0.9% |
| 2021 | 3.2% | +0.3% |
| 2022 | 3.1% | -4.6% |
| 2023 | 3.1% | +0.3% |
| 2024 | 3.9% | +27.3% |
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +38.6% | 2.1% | 2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.4% | 1.8% | 3.0% | 10 |
| 2010s | 3.0% | 2.7% | 3.5% | 10 |
| 2020s | 3.3% | 3.1% | 3.9% | 5 |
Countries ranked near Africa
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.26 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 10.08 million (2027)
- Gross Domestic Product — Value US$ 3.10 million million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.89 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.84 % (2024)
- Gross Domestic Product — Annual growth US$ 10.34 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 2,011 USD (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 88.82 USD (2024)
- GDP Deflator — Value US$, 2015 prices 101.78 USD (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Africa?
- Volume of remittances (in united states dollars) as a proportion of in Africa was 3.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Africa?
- The highest recorded value was 3.9% in 2024.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Africa?
- The lowest recorded value was 1.8% in 2000.
- How does Africa rank for volume of remittances (in united states dollars) as a proportion of?
- Africa ranks 10th out of 36 groups with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Africa?
- Over the last ten years it is up 40.1%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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