Volume of remittances (in United States dollars) as a proportion of in Melanesia
Melanesia: Volume of remittances (in United States dollars) as a proportion of was 1.3% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Melanesia, 2002–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Melanesia is 1.3%, measured in 2024.
The figure is down 13.0% on the previous year and down 46.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Melanesia peaked at 5.2% in 2004 and was at its lowest, 1.3%, in 2017.
That places Melanesia 125th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Melanesia, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 4.8% | — |
| 2003 | 5.1% | +5.4% |
| 2004 | 5.2% | +0.8% |
| 2005 | 4.9% | -5.1% |
| 2006 | 3.9% | -19.9% |
| 2007 | 3.1% | -22.1% |
| 2008 | 2.8% | -8.4% |
| 2009 | 2.9% | +3.2% |
| 2010 | 2.5% | -14.7% |
| 2011 | 2.4% | -3.6% |
| 2012 | 2.6% | +10.0% |
| 2013 | 2.6% | +0.3% |
| 2014 | 2.5% | -5.5% |
| 2015 | 2.5% | +0.7% |
| 2016 | 2.6% | +5.8% |
| 2017 | 1.3% | -52.0% |
| 2018 | 1.3% | +5.2% |
| 2019 | 1.5% | +13.6% |
| 2020 | 1.6% | +2.8% |
| 2021 | 2.0% | +27.2% |
| 2022 | 1.9% | -2.7% |
| 2023 | 1.5% | -20.5% |
| 2024 | 1.3% | -13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.1% | 2.8% | 5.2% | 8 |
| 2010s | 2.2% | 1.3% | 2.6% | 10 |
| 2020s | 1.7% | 1.3% | 2.0% | 5 |
Countries ranked near Melanesia
More economy & growth data for Melanesia
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 15.03 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 13.74 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,546 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 7,131 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Melanesia?
- Volume of remittances (in united states dollars) as a proportion of in Melanesia was 1.3% 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 Melanesia?
- The highest recorded value was 5.2% in 2004.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Melanesia?
- The lowest recorded value was 1.3% in 2017.
- How does Melanesia rank for volume of remittances (in united states dollars) as a proportion of?
- Melanesia ranks 125th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Melanesia?
- Over the last ten years it is down 46.3%. The long-run trend across the full record is falling.
- Where does this Melanesia 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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