Remittances received — all countries

Remittances received — Gambia

Remittances received in the Gambia in 2024 — 529,052,515 US$. Ranked 104 in the world out of 160. Since 1978, the indicator has risen by 153,159.5%.

2024 529M US$ +2.75% vs 2023
World rank 104of 160
Period maximum 547M US$2021
Period minimum 187,813 US$1982

Trend over time

1978–2024 · US$

Remittances received — Gambia, 1978–20240200M400M600M19781983198819931998200320082013201820231978: 345,200 US$1979: 492,476 US$1980: 390,922 US$1981: 289,367 US$1982: 187,813 US$1983: 701,136 US$2003: 54,069,839 US$2004: 60,748,749 US$2005: 59,304,088 US$2006: 63,773,517 US$2007: 55,662,540 US$2008: 64,811,559 US$2009: 79,801,153 US$2010: 115,699,061 US$2011: 91,358,954 US$2012: 106,349,453 US$2013: 109,829,222 US$2014: 137,771,209 US$2015: 154,062,368 US$2016: 145,678,795 US$2017: 160,167,345 US$2018: 212,034,736 US$2019: 275,825,107 US$2020: 416,418,881 US$2021: 547,051,424 US$2022: 501,844,380 US$2023: 514,905,280 US$2024: 529,052,515 US$
Change over the period: +529M (+153,159.55%) Average annual rate: 17.29 %

Comparison, 2024

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

Gambia 529M US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Western Africa computed 32.37B US$
Remittances received — Gambia, by year Gambia All countries CSV XLSX
Year US$ Change Change, %
2024 529M +14.15M +2.75%
2023 515M +13.06M +2.6%
2022 502M −45.21M −8.26%
2021 547M +131M +31.37%
2020 416M +141M +50.97%
2019 276M +63.79M +30.08%
2018 212M +51.87M +32.38%
2017 160M +14.49M +9.95%
2016 146M −8.38M −5.44%
2015 154M +16.29M +11.82%
2014 138M +27.94M +25.44%
2013 110M +3.48M +3.27%
2012 106M +14.99M +16.41%
2011 91.36M −24.34M −21.04%
2010 116M +35.9M +44.98%
2009 79.8M +14.99M +23.13%
2008 64.81M +9.15M +16.44%
2007 55.66M −8.11M −12.72%
2006 63.77M +4.47M +7.54%
2005 59.3M −1.44M −2.38%
2004 60.75M +6.68M +12.35%
2003 54.07M
1983 701,136 +513,323 +273.32%
1982 187,813 −101,554 −35.1%
1981 289,367 −101,554 −25.98%
1980 390,922 −101,554 −20.62%
1979 492,476 +147,276 +42.66%
1978 345,200

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.