Remittances received — all countries

Remittances received — Liberia

Remittances received in Liberia in 2024 — 1,016,836,334 US$. Ranked 84 in the world out of 160. Since 2004, the indicator has risen by 1,639.8%.

2024 1.02B US$ +7.01% vs 2023
World rank 84of 160
Period maximum 1.02B US$2024
Period minimum 25.12M US$2009

Trend over time

2004–2024 · US$

Remittances received — Liberia, 2004–20240500M1B1.5B200420062008201020122014201620182020202220242004: 58,446,876 US$2005: 31,854,956 US$2006: 78,814,942 US$2007: 61,977,178 US$2008: 58,122,232 US$2009: 25,116,904 US$2010: 294,231,962 US$2011: 523,002,507 US$2012: 546,822,359 US$2013: 412,747,709 US$2014: 512,000,268 US$2015: 654,424,479 US$2016: 580,127,751 US$2017: 403,475,873 US$2018: 459,924,732 US$2019: 346,244,092 US$2020: 417,015,428 US$2021: 864,960,442 US$2022: 876,690,544 US$2023: 950,205,085 US$2024: 1,016,836,334 US$
Change over the period: +958M (+1,639.76%) Average annual rate: 15.35 %

Comparison, 2024

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

Liberia 1.02B US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Western Africa computed 32.37B US$
Remittances received — Liberia, by year Liberia All countries CSV XLSX
Year US$ Change Change, %
2024 1.02B +66.63M +7.01%
2023 950M +73.51M +8.39%
2022 877M +11.73M +1.36%
2021 865M +448M +107.42%
2020 417M +70.77M +20.44%
2019 346M −114M −24.72%
2018 460M +56.45M +13.99%
2017 403M −177M −30.45%
2016 580M −74.3M −11.35%
2015 654M +142M +27.82%
2014 512M +99.25M +24.05%
2013 413M −134M −24.52%
2012 547M +23.82M +4.55%
2011 523M +229M +77.75%
2010 294M +269M +1,071.45%
2009 25.12M −33.01M −56.79%
2008 58.12M −3.85M −6.22%
2007 61.98M −16.84M −21.36%
2006 78.81M +46.96M +147.42%
2005 31.85M −26.59M −45.5%
2004 58.45M

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.