Volume of remittances (in United States dollars) as a proportion of in Western Africa
Western Africa: Volume of remittances (in United States dollars) as a proportion of was 5.9% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Western 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 Western Africa stood at 5.9%.
That represents a change of up 49.4% on the previous year and up 61.2% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Western Africa peaked at 6.4% in 2005 and was at its lowest, 1.5%, in 2003.
Western Africa ranks 1st of 36 groups on this measure, in the top 10%.
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 Western Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.8% | — |
| 2001 | 1.6% | -10.7% |
| 2002 | 1.5% | -9.6% |
| 2003 | 1.5% | -1.7% |
| 2004 | 1.9% | +26.7% |
| 2005 | 6.4% | +244.9% |
| 2006 | 5.7% | -10.9% |
| 2007 | 5.3% | -7.5% |
| 2008 | 4.7% | -10.7% |
| 2009 | 5.0% | +6.5% |
| 2010 | 4.6% | -8.3% |
| 2011 | 4.7% | +2.4% |
| 2012 | 4.3% | -8.3% |
| 2013 | 3.8% | -11.6% |
| 2014 | 3.7% | -4.0% |
| 2015 | 4.5% | +23.4% |
| 2016 | 4.6% | +2.1% |
| 2017 | 5.2% | +12.1% |
| 2018 | 5.1% | -2.2% |
| 2019 | 3.7% | -26.4% |
| 2020 | 3.3% | -10.6% |
| 2021 | 3.3% | -1.6% |
| 2022 | 3.4% | +2.6% |
| 2023 | 4.0% | +17.7% |
| 2024 | 5.9% | +49.4% |
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Western 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 | +244.9% | 1.9% | 6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.5% | 1.5% | 6.4% | 10 |
| 2010s | 4.4% | 3.7% | 5.2% | 10 |
| 2020s | 4.0% | 3.3% | 5.9% | 5 |
Countries ranked near Western Africa
More economy & growth data for Western Africa
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.53 million (2027)
- Gross Fixed Capital Formation — Value US$, 2015 prices 155,725 million USD (2024)
- Gross Domestic Product — Value US$ 535,797 million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,174 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,939 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 884,444 million USD (2024)
- Gross Domestic Product — Annual growth US$ -23.38 % (2024)
- Gross Domestic Product — Annual growth US$ per capita -25.09 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.28 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.14 % change on previous year (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Western Africa?
- Volume of remittances (in united states dollars) as a proportion of in Western Africa was 5.9% 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 Western Africa?
- The highest recorded value was 6.4% in 2005.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Western Africa?
- The lowest recorded value was 1.5% in 2003.
- How does Western Africa rank for volume of remittances (in united states dollars) as a proportion of?
- Western Africa ranks 1st out of 36 groups with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Western Africa?
- Over the last ten years it is up 61.2%. The long-run trend across the full record is rising.
- Where does this Western 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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