Remittances received in Somalia in 1983 — 21,700,495 US$. Ranked 60 in the world out of 98. Since 1979, the indicator has fallen by 40.8%.
1979–1983 · US$
How the value compares with the world and the groups this territory belongs to: Somalia
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 1983 | 21.7M | +1.8M | +9.06% |
| 1982 | 19.9M | +12.75M | +178.34% |
| 1981 | 7.15M | −50.1M | −87.51% |
| 1980 | 57.25M | +20.6M | +56.22% |
| 1979 | 36.65M | — | — |
The same indicator for neighboring countries — with links to their pages
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.
How much money leaves a country in remittances — mostly the earnings of incomers.
Migration Number of immigrantsHow many people born abroad live in the country at present.
Economy Gross national incomeThe income received by the residents of a country — including what is earned abroad, but without what foreigners earn inside it.
Finance Development aid receivedHow much official development assistance a country receives — in grants and concessional loans.
