Remittances received — all countries

Remittances received — Malawi

Remittances received in Malawi in 2024 — 186,770,847 US$. Ranked 128 in the world out of 160. Since 1994, the indicator has risen by 24,253.8%.

2024 187M US$ +3.31% vs 2023
World rank 128of 160
Period maximum 319M US$2021
Period minimum 523,432 US$1995

Trend over time

1994–2024 · US$

Remittances received — Malawi, 1994–20240100M200M300M400M199419972000200320062009201220152018202120241994: 766,906 US$1995: 523,432 US$1996: 647,354 US$1997: 744,945 US$1998: 746,887 US$1999: 746,884 US$2000: 746,886 US$2001: 746,886 US$2002: 843,694 US$2003: 13,912,159 US$2004: 18,321,016 US$2005: 22,531,879 US$2006: 14,789,978 US$2007: 21,013,522 US$2008: 16,674,297 US$2009: 16,656,710 US$2010: 21,767,664 US$2011: 25,320,231 US$2012: 28,303,299 US$2013: 34,132,322 US$2014: 38,487,169 US$2015: 41,493,977 US$2016: 39,053,133 US$2017: 78,880,384 US$2018: 181,067,327 US$2019: 280,913,155 US$2020: 231,650,865 US$2021: 318,635,671 US$2022: 264,337,125 US$2023: 180,786,689 US$2024: 186,770,847 US$
Change over the period: +186M (+24,253.82%) Average annual rate: 20.1 %

Comparison, 2024

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

Malawi 187M US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Eastern Africa computed 20.5B US$
Remittances received — Malawi, by year Malawi All countries CSV XLSX
Year US$ Change Change, %
2024 187M +5.98M +3.31%
2023 181M −83.55M −31.61%
2022 264M −54.3M −17.04%
2021 319M +86.98M +37.55%
2020 232M −49.26M −17.54%
2019 281M +99.85M +55.14%
2018 181M +102M +129.55%
2017 78.88M +39.83M +101.98%
2016 39.05M −2.44M −5.88%
2015 41.49M +3.01M +7.81%
2014 38.49M +4.35M +12.76%
2013 34.13M +5.83M +20.59%
2012 28.3M +2.98M +11.78%
2011 25.32M +3.55M +16.32%
2010 21.77M +5.11M +30.68%
2009 16.66M −17,587 −0.11%
2008 16.67M −4.34M −20.65%
2007 21.01M +6.22M +42.08%
2006 14.79M −7.74M −34.36%
2005 22.53M +4.21M +22.98%
2004 18.32M +4.41M +31.69%
2003 13.91M +13.07M +1,548.96%
2002 843,694 +96,808 +12.96%
2001 746,886 −0 −0%
2000 746,886 +2 +0%
1999 746,884 −3 −0%
1998 746,887 +1,942 +0.26%
1997 744,945 +97,590 +15.08%
1996 647,354 +123,922 +23.67%
1995 523,432 −243,474 −31.75%
1994 766,906

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.