Remittances paid — all countries

Remittances paid — Madagascar

Remittances paid in Madagascar in 2024 — 86,161,331 US$. Ranked 124 in the world out of 162. Since 1974, the indicator has risen by 324.1%.

2024 86.16M US$ +12.02% vs 2023
World rank 124of 162
Period maximum 99.98M US$2022
Period minimum 4.71M US$2002

Trend over time

1974–2024 · US$

Remittances paid — Madagascar, 1974–2024025M50M75M100M197419791984198919941999200420092014201920241974: 20,315,430 US$1975: 37,328,739 US$1976: 34,735,359 US$1977: 26,009,575 US$1978: 27,386,940 US$1979: 26,325,583 US$1980: 31,238,352 US$1981: 23,331,947 US$1982: 20,100,885 US$1983: 12,196,562 US$1984: 10,647,845 US$1985: 14,430,678 US$1986: 16,308,346 US$1987: 11,905,950 US$1988: 13,844,011 US$1989: 13,458,585 US$1990: 17,501,629 US$1991: 9,992,590 US$1992: 9,436,864 US$1993: 6,698,776 US$1994: 8,447,070 US$1995: 11,076,906 US$1996: 13,210,213 US$1997: 15,125,069 US$1998: 13,000,335 US$1999: 11,213,005 US$2000: 11,903,986 US$2001: 11,415,636 US$2002: 4,714,539 US$2003: 17,924,587 US$2004: 9,001,434 US$2005: 23,162,248 US$2006: 27,214,041 US$2007: 38,241,872 US$2008: 40,562,029 US$2009: 49,537,322 US$2010: 58,909,226 US$2011: 54,214,199 US$2012: 63,112,378 US$2013: 55,195,670 US$2014: 49,749,229 US$2015: 57,976,275 US$2016: 47,656,922 US$2017: 63,489,593 US$2018: 74,265,374 US$2019: 63,243,734 US$2020: 42,944,963 US$2021: 54,091,502 US$2022: 99,975,405 US$2023: 76,912,650 US$2024: 86,161,331 US$
Change over the period: +65.85M (+324.12%) Average annual rate: 2.93 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Madagascar

Madagascar 86.16M US$
World 619B US$
Sub-Saharan Africa 10.34B US$
Eastern Africa computed 2.92B US$
Remittances paid — Madagascar, by year Madagascar All countries CSV XLSX
Year US$ Change Change, %
2024 86.16M +9.25M +12.02%
2023 76.91M −23.06M −23.07%
2022 99.98M +45.88M +84.83%
2021 54.09M +11.15M +25.96%
2020 42.94M −20.3M −32.1%
2019 63.24M −11.02M −14.84%
2018 74.27M +10.78M +16.97%
2017 63.49M +15.83M +33.22%
2016 47.66M −10.32M −17.8%
2015 57.98M +8.23M +16.54%
2014 49.75M −5.45M −9.87%
2013 55.2M −7.92M −12.54%
2012 63.11M +8.9M +16.41%
2011 54.21M −4.7M −7.97%
2010 58.91M +9.37M +18.92%
2009 49.54M +8.98M +22.13%
2008 40.56M +2.32M +6.07%
2007 38.24M +11.03M +40.52%
2006 27.21M +4.05M +17.49%
2005 23.16M +14.16M +157.32%
2004 9M −8.92M −49.78%
2003 17.92M +13.21M +280.2%
2002 4.71M −6.7M −58.7%
2001 11.42M −488,350 −4.1%
2000 11.9M +690,982 +6.16%
1999 11.21M −1.79M −13.75%
1998 13M −2.12M −14.05%
1997 15.13M +1.91M +14.5%
1996 13.21M +2.13M +19.26%
1995 11.08M +2.63M +31.13%
1994 8.45M +1.75M +26.1%
1993 6.7M −2.74M −29.01%
1992 9.44M −555,726 −5.56%
1991 9.99M −7.51M −42.9%
1990 17.5M +4.04M +30.04%
1989 13.46M −385,427 −2.78%
1988 13.84M +1.94M +16.28%
1987 11.91M −4.4M −26.99%
1986 16.31M +1.88M +13.01%
1985 14.43M +3.78M +35.53%
1984 10.65M −1.55M −12.7%
1983 12.2M −7.9M −39.32%
1982 20.1M −3.23M −13.85%
1981 23.33M −7.91M −25.31%
1980 31.24M +4.91M +18.66%
1979 26.33M −1.06M −3.88%
1978 27.39M +1.38M +5.3%
1977 26.01M −8.73M −25.12%
1976 34.74M −2.59M −6.95%
1975 37.33M +17.01M +83.75%
1974 20.32M

About the indicator

Personal remittances sent from a country abroad. This is the mirror side of remittances received, and together the two divide the world into countries that take in labor migrants and countries that send them. The largest senders are the United States and the Gulf states, and for the latter the flow is enormous relative to the size of the economy: incomers make up the majority of those working there.

Important: Remittances sent and received should match at the world level, but they do not: some countries do not record the flow, and part of the transfers goes outside the statistics.

Source: World Development Indicators (World Bank), license CC BY 4.0.