Volume of remittances (in United States dollars) as a proportion of in South Africa
South Africa: Volume of remittances (in United States dollars) as a proportion of was 0.2% in 2024. ▲ Rising
Latest (2024)
0.2%
Change on year
up 1.2%
World rank
173rd
of 203 countries
All-time high
0.3%
in 2009
All-time low
0.2%
in 2004
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in South 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 South Africa stood at 0.2%.
Compared with earlier readings it is up 1.2% on the previous year and down 11.0% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in South Africa peaked at 0.3% in 2009 and was at its lowest, 0.2%, in 2004.
That places South Africa 173rd out of 203 countries with data for 2024, putting it in the bottom quarter.
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 South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.2% | — |
| 2001 | 0.2% | -2.8% |
| 2002 | 0.2% | -0.1% |
| 2003 | 0.2% | -4.5% |
| 2004 | 0.2% | -7.7% |
| 2005 | 0.2% | +16.1% |
| 2006 | 0.2% | +7.2% |
| 2007 | 0.2% | +4.5% |
| 2008 | 0.2% | +4.2% |
| 2009 | 0.3% | +5.5% |
| 2010 | 0.3% | -2.0% |
| 2011 | 0.3% | -1.3% |
| 2012 | 0.2% | -1.2% |
| 2013 | 0.2% | -3.0% |
| 2014 | 0.2% | -1.0% |
| 2015 | 0.2% | -0.7% |
| 2016 | 0.2% | -1.9% |
| 2017 | 0.2% | -1.9% |
| 2018 | 0.2% | +0.1% |
| 2019 | 0.2% | -0.3% |
| 2020 | 0.2% | +4.9% |
| 2021 | 0.2% | -8.0% |
| 2022 | 0.2% | -2.9% |
| 2023 | 0.2% | -1.6% |
| 2024 | 0.2% | +1.2% |
South Africa compared with similar countries
- South Africa's 0.2% is below the median for upper middle income countries, which is 3.6%, 6% of the median. (53 countries reporting)
- South Africa's 0.2% is below the median for Sub-Saharan Africa, which is 2.9%, 7% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2% | 0.2% | 0.3% | 10 |
| 2010s | 0.2% | 0.2% | 0.3% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 5 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0094 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -61.95 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -2.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -192.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0051 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -33.37 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 16.18 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in South Africa?
- Volume of remittances (in united states dollars) as a proportion of in South Africa was 0.2% 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 South Africa?
- The highest recorded value was 0.3% in 2009.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in South Africa?
- The lowest recorded value was 0.2% in 2004.
- How does South Africa rank for volume of remittances (in united states dollars) as a proportion of?
- South Africa ranks 173rd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in South Africa?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this South 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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