Remittances received — all countries

Remittances received — Seychelles

Remittances received in the Seychelles in 2024 — 11,945,618 US$. Ranked 156 in the world out of 160. Since 1989, the indicator has risen by 180.4%.

2024 11.95M US$ +4.63% vs 2023
World rank 156of 160
Period maximum 25.26M US$2011
Period minimum 114,021 US$1998

Trend over time

1989–2024 · US$

Remittances received — Seychelles, 1989–2024010M20M30M19891993199720012005200920132017202120241989: 4,259,453 US$1990: 7,504,441 US$1991: 7,320,125 US$1992: 10,761,209 US$1993: 289,490 US$1994: 296,686 US$1995: 503,993 US$1996: 704,228 US$1997: 218,847 US$1998: 114,021 US$1999: 187,175 US$2000: 3,159,009 US$2001: 1,790,854 US$2002: 1,979,915 US$2003: 4,855,111 US$2004: 6,808,310 US$2005: 12,101,091 US$2006: 13,269,560 US$2007: 4,768,023 US$2008: 3,161,818 US$2009: 16,123,483 US$2010: 17,376,951 US$2011: 25,261,929 US$2012: 17,669,070 US$2013: 12,874,328 US$2014: 15,075,955 US$2015: 18,424,231 US$2016: 22,087,023 US$2017: 21,661,248 US$2018: 22,713,695 US$2019: 23,648,219 US$2020: 9,979,687 US$2021: 9,512,245 US$2022: 10,918,091 US$2023: 11,416,891 US$2024: 11,945,618 US$
Change over the period: +7.69M (+180.45%) Average annual rate: 2.99 %

Comparison, 2024

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

Seychelles 11.95M US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Eastern Africa computed 20.5B US$
High-income countries computed 199B US$
Remittances received — Seychelles, by year Seychelles All countries CSV XLSX
Year US$ Change Change, %
2024 11.95M +528,728 +4.63%
2023 11.42M +498,800 +4.57%
2022 10.92M +1.41M +14.78%
2021 9.51M −467,442 −4.68%
2020 9.98M −13.67M −57.8%
2019 23.65M +934,525 +4.11%
2018 22.71M +1.05M +4.86%
2017 21.66M −425,775 −1.93%
2016 22.09M +3.66M +19.88%
2015 18.42M +3.35M +22.21%
2014 15.08M +2.2M +17.1%
2013 12.87M −4.79M −27.14%
2012 17.67M −7.59M −30.06%
2011 25.26M +7.88M +45.38%
2010 17.38M +1.25M +7.77%
2009 16.12M +12.96M +409.94%
2008 3.16M −1.61M −33.69%
2007 4.77M −8.5M −64.07%
2006 13.27M +1.17M +9.66%
2005 12.1M +5.29M +77.74%
2004 6.81M +1.95M +40.23%
2003 4.86M +2.88M +145.22%
2002 1.98M +189,061 +10.56%
2001 1.79M −1.37M −43.31%
2000 3.16M +2.97M +1,587.73%
1999 187,175 +73,154 +64.16%
1998 114,021 −104,826 −47.9%
1997 218,847 −485,381 −68.92%
1996 704,228 +200,235 +39.73%
1995 503,993 +207,307 +69.87%
1994 296,686 +7,196 +2.49%
1993 289,490 −10.47M −97.31%
1992 10.76M +3.44M +47.01%
1991 7.32M −184,316 −2.46%
1990 7.5M +3.24M +76.18%
1989 4.26M

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.