Remittances received — all countries

Remittances received — Benin

Remittances received in Benin in 2023 — 338,542,905 US$. Ranked 117 in the world out of 173. Since 1974, the indicator has risen by 4,485.8%.

2023 339M US$ +35.2% vs 2022
World rank 117of 173
Period maximum 339M US$2023
Period minimum 7.38M US$1974

Trend over time

1974–2023 · US$

Remittances received — Benin, 1974–20230100M200M300M400M197419791984198919941999200420092014201920231974: 7,382,491 US$1975: 17,591,101 US$1976: 28,039,280 US$1977: 39,181,099 US$1978: 56,236,076 US$1979: 72,921,585 US$1980: 77,002,243 US$1981: 62,006,073 US$1982: 36,949,997 US$1983: 43,845,421 US$1984: 42,065,956 US$1985: 40,288,208 US$1986: 50,822,121 US$1987: 60,225,616 US$1988: 71,116,760 US$1989: 91,336,494 US$1990: 101,049,423 US$1991: 117,970,528 US$1992: 136,306,824 US$1993: 108,893,982 US$1994: 89,481,949 US$1995: 98,932,296 US$1996: 84,917,982 US$1997: 70,106,471 US$1998: 89,178,476 US$1999: 75,026,905 US$2000: 85,876,253 US$2001: 83,064,161 US$2002: 76,107,818 US$2003: 55,401,177 US$2004: 63,117,010 US$2005: 146,939,348 US$2006: 195,673,786 US$2007: 240,793,733 US$2008: 207,863,209 US$2009: 126,457,222 US$2010: 139,569,120 US$2011: 172,185,775 US$2012: 207,763,555 US$2013: 248,800,534 US$2014: 304,659,173 US$2015: 214,449,579 US$2016: 221,726,215 US$2017: 195,776,834 US$2018: 198,742,396 US$2019: 216,993,145 US$2020: 204,623,917 US$2021: 230,914,333 US$2022: 250,408,120 US$2023: 338,542,905 US$
Change over the period: +331M (+4,485.75%) Average annual rate: 8.12 %

Comparison, 2023

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

Benin 339M US$
World 796B US$
Sub-Saharan Africa 52.16B US$
Western Africa computed 32.12B US$
Lower-middle-income countries computed 375B US$
Remittances received — Benin, by year Benin All countries CSV XLSX
Year US$ Change Change, %
2023 339M +88.13M +35.2%
2022 250M +19.49M +8.44%
2021 231M +26.29M +12.85%
2020 205M −12.37M −5.7%
2019 217M +18.25M +9.18%
2018 199M +2.97M +1.51%
2017 196M −25.95M −11.7%
2016 222M +7.28M +3.39%
2015 214M −90.21M −29.61%
2014 305M +55.86M +22.45%
2013 249M +41.04M +19.75%
2012 208M +35.58M +20.66%
2011 172M +32.62M +23.37%
2010 140M +13.11M +10.37%
2009 126M −81.41M −39.16%
2008 208M −32.93M −13.68%
2007 241M +45.12M +23.06%
2006 196M +48.73M +33.17%
2005 147M +83.82M +132.8%
2004 63.12M +7.72M +13.93%
2003 55.4M −20.71M −27.21%
2002 76.11M −6.96M −8.37%
2001 83.06M −2.81M −3.27%
2000 85.88M +10.85M +14.46%
1999 75.03M −14.15M −15.87%
1998 89.18M +19.07M +27.2%
1997 70.11M −14.81M −17.44%
1996 84.92M −14.01M −14.17%
1995 98.93M +9.45M +10.56%
1994 89.48M −19.41M −17.83%
1993 109M −27.41M −20.11%
1992 136M +18.34M +15.54%
1991 118M +16.92M +16.75%
1990 101M +9.71M +10.63%
1989 91.34M +20.22M +28.43%
1988 71.12M +10.89M +18.08%
1987 60.23M +9.4M +18.5%
1986 50.82M +10.53M +26.15%
1985 40.29M −1.78M −4.23%
1984 42.07M −1.78M −4.06%
1983 43.85M +6.9M +18.66%
1982 36.95M −25.06M −40.41%
1981 62.01M −15M −19.47%
1980 77M +4.08M +5.6%
1979 72.92M +16.69M +29.67%
1978 56.24M +17.05M +43.53%
1977 39.18M +11.14M +39.74%
1976 28.04M +10.45M +59.39%
1975 17.59M +10.21M +138.28%
1974 7.38M

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

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