Remittances received — all countries

Remittances received — Zambia

Remittances received in Zambia in 2024 — 334,313,586 US$. Ranked 114 in the world out of 160. Since 2003, the indicator has risen by 821%.

2024 334M US$ +36.07% vs 2023
World rank 114of 160
Period maximum 334M US$2024
Period minimum 36.3M US$2003

Trend over time

2003–2024 · US$

Remittances received — Zambia, 2003–20240100M200M300M400M200320062009201220152018202120242003: 36,300,000 US$2004: 48,400,000 US$2005: 52,870,000 US$2006: 57,680,000 US$2007: 59,300,000 US$2008: 68,195,000 US$2009: 41,264,000 US$2010: 43,657,312 US$2011: 46,276,751 US$2012: 72,864,000 US$2013: 53,980,262 US$2014: 58,300,302 US$2015: 47,046,538 US$2016: 38,464,441 US$2017: 93,644,095 US$2018: 106,965,626 US$2019: 98,259,121 US$2020: 134,864,832 US$2021: 239,709,361 US$2022: 243,486,023 US$2023: 245,688,117 US$2024: 334,313,586 US$
Change over the period: +298M (+820.97%) Average annual rate: 11.15 %

Comparison, 2024

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

Zambia 334M US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Eastern Africa computed 20.5B US$
Lower-middle-income countries computed 416B US$
Remittances received — Zambia, by year Zambia All countries CSV XLSX
Year US$ Change Change, %
2024 334M +88.63M +36.07%
2023 246M +2.2M +0.9%
2022 243M +3.78M +1.58%
2021 240M +105M +77.74%
2020 135M +36.61M +37.25%
2019 98.26M −8.71M −8.14%
2018 107M +13.32M +14.23%
2017 93.64M +55.18M +143.46%
2016 38.46M −8.58M −18.24%
2015 47.05M −11.25M −19.3%
2014 58.3M +4.32M +8%
2013 53.98M −18.88M −25.92%
2012 72.86M +26.59M +57.45%
2011 46.28M +2.62M +6%
2010 43.66M +2.39M +5.8%
2009 41.26M −26.93M −39.49%
2008 68.2M +8.9M +15%
2007 59.3M +1.62M +2.81%
2006 57.68M +4.81M +9.1%
2005 52.87M +4.47M +9.24%
2004 48.4M +12.1M +33.33%
2003 36.3M

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.