Volume of remittances (in United States dollars) … total in Sub-Saharan Africa
Sub-Saharan Africa: Volume of remittances (in United States dollars) … total was 3.2% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Sub-Saharan Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Sub-Saharan Africa recorded 3.2% for volume of remittances (in united states dollars) as a proportion of in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 23.9% on the previous year and up 46.4% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Sub-Saharan Africa peaked at 3.2% in 2024 and was at its lowest, 0.9%, in 2003.
That places Sub-Saharan Africa 12th out of 35 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) … total in Sub-Saharan Africa, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.2% | — |
| 2001 | 1.0% | -17.3% |
| 2002 | 1.0% | +1.8% |
| 2003 | 0.9% | -9.2% |
| 2004 | 1.1% | +20.1% |
| 2005 | 2.7% | +156.7% |
| 2006 | 2.7% | +0.7% |
| 2007 | 2.6% | -5.1% |
| 2008 | 2.3% | -11.1% |
| 2009 | 2.4% | +3.4% |
| 2010 | 2.2% | -6.4% |
| 2011 | 2.4% | +6.2% |
| 2012 | 2.3% | -4.1% |
| 2013 | 2.2% | -4.8% |
| 2014 | 2.2% | +0.8% |
| 2015 | 2.6% | +21.1% |
| 2016 | 2.6% | -1.1% |
| 2017 | 2.6% | +1.4% |
| 2018 | 2.7% | +3.5% |
| 2019 | 2.4% | -11.8% |
| 2020 | 2.2% | -7.3% |
| 2021 | 2.2% | -3.0% |
| 2022 | 2.3% | +5.4% |
| 2023 | 2.6% | +12.5% |
| 2024 | 3.2% | +23.9% |
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) … total in Sub-Saharan 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 | +156.7% | 1.1% | 2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.8% | 0.9% | 2.7% | 10 |
| 2010s | 2.4% | 2.2% | 2.7% | 10 |
| 2020s | 2.5% | 2.2% | 3.2% | 5 |
Countries ranked near Sub-Saharan Africa
More economy & growth data for Sub-Saharan Africa
- SDR Allocation, SDR, per capita 18.87 units per person (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0103 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 17.18 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0154 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 25.84 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.0113 units per US$ of GDP (2025)
- IMF Quota, SDR, per unit of GDP 0.0076 units per US$ of GDP (2025)
- IMF Quota, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Sub-Saharan Africa?
- Volume of remittances (in united states dollars) as a proportion of in Sub-Saharan Africa was 3.2% 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 Sub-Saharan Africa?
- The highest recorded value was 3.2% in 2024.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Sub-Saharan Africa?
- The lowest recorded value was 0.9% in 2003.
- How does Sub-Saharan Africa rank for volume of remittances (in united states dollars) as a proportion of?
- Sub-Saharan Africa ranks 12th out of 35 groups with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Sub-Saharan Africa?
- Over the last ten years it is up 46.4%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan 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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