Remittances received — all countries

Remittances received — Western Africa

Remittances received in Western Africa in 2024 — 32,368,358,620 US$. Since 1978, the indicator has risen by 10,622.4%.

2024 32.37B US$ +0.78% vs 2023
World rank
Period maximum 34.58B US$2019
Period minimum 296M US$1984

Trend over time

1978–2024 · US$

Remittances received — Western Africa, 1978–2024010B20B30B40B19781983198819931998200320082013201820231978: 301,877,453 US$1979: 374,139,287 US$1980: 486,263,976 US$1981: 432,445,290 US$1982: 342,885,224 US$1983: 329,276,877 US$1984: 295,667,302 US$1985: 396,913,080 US$1986: 527,162,476 US$1987: 565,314,043 US$1988: 617,248,151 US$1989: 599,080,254 US$1990: 682,769,470 US$1991: 730,625,158 US$1992: 841,808,113 US$1993: 1,495,325,410 US$1994: 1,177,602,238 US$1995: 1,013,842,827 US$1996: 1,060,120,530 US$1997: 1,254,424,197 US$1998: 1,155,967,206 US$1999: 2,049,898,612 US$2000: 2,158,760,557 US$2001: 2,051,028,601 US$2002: 2,253,116,294 US$2003: 2,541,354,570 US$2004: 3,976,847,146 US$2005: 16,623,236,023 US$2006: 19,266,428,649 US$2007: 20,900,501,485 US$2008: 22,592,283,990 US$2009: 21,651,125,580 US$2010: 23,615,366,295 US$2011: 27,320,214,022 US$2012: 27,390,037,759 US$2013: 27,744,111,204 US$2014: 28,718,183,816 US$2015: 30,927,408,476 US$2016: 28,133,579,753 US$2017: 31,266,457,658 US$2018: 34,212,118,263 US$2019: 34,577,848,804 US$2020: 28,944,471,814 US$2021: 29,736,315,532 US$2022: 31,626,533,346 US$2023: 32,117,476,852 US$2024: 32,368,358,620 US$
Change over the period: +32.07B (+10,622.35%) Average annual rate: 10.7 %

Comparison, 2024

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

Western Africa 32.37B US$
World 857B US$
Remittances received — Western Africa, by year Western Africa All countries CSV XLSX
Year US$ Change Change, %
2024 32.37B +251M +0.78%
2023 32.12B +491M +1.55%
2022 31.63B +1.89B +6.36%
2021 29.74B +792M +2.74%
2020 28.94B −5.63B −16.29%
2019 34.58B +366M +1.07%
2018 34.21B +2.95B +9.42%
2017 31.27B +3.13B +11.14%
2016 28.13B −2.79B −9.03%
2015 30.93B +2.21B +7.69%
2014 28.72B +974M +3.51%
2013 27.74B +354M +1.29%
2012 27.39B +69.82M +0.26%
2011 27.32B +3.7B +15.69%
2010 23.62B +1.96B +9.07%
2009 21.65B −941M −4.17%
2008 22.59B +1.69B +8.09%
2007 20.9B +1.63B +8.48%
2006 19.27B +2.64B +15.9%
2005 16.62B +12.65B +318%
2004 3.98B +1.44B +56.49%
2003 2.54B +288M +12.79%
2002 2.25B +202M +9.85%
2001 2.05B −108M −4.99%
2000 2.16B +109M +5.31%
1999 2.05B +894M +77.33%
1998 1.16B −98.46M −7.85%
1997 1.25B +194M +18.33%
1996 1.06B +46.28M +4.56%
1995 1.01B −164M −13.91%
1994 1.18B −318M −21.25%
1993 1.5B +654M +77.63%
1992 842M +111M +15.22%
1991 731M +47.86M +7.01%
1990 683M +83.69M +13.97%
1989 599M −18.17M −2.94%
1988 617M +51.93M +9.19%
1987 565M +38.15M +7.24%
1986 527M +130M +32.82%
1985 397M +101M +34.24%
1984 296M −33.61M −10.21%
1983 329M −13.61M −3.97%
1982 343M −89.56M −20.71%
1981 432M −53.82M −11.07%
1980 486M +112M +29.97%
1979 374M +72.26M +23.94%
1978 302M

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.