Africa: highest remittances received as share of GDP 2022

In 2022, Gambia registered the highest value of personal remittances received in Africa in relation to the Gross Domestic Product (GDP). Received remittances covered around 28 percent of the country's GDP. South Sudan and Somalia followed, with approximately 25 and 21 percent, respectively.

Countries in Africa with the highest values of personal remittances received as a share of GDP in 2022

Characteristic	Share of GDP
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Release date

December 2022

More information

Region

Africa

Survey time period

2022

Supplementary notes

The source adds the following information:
"All data shown here are the World Bank’s calculations based on data from IMF Balance of Payments Statistics database and data releases from central banks, national statistical agencies, and World Bank country desks. Data on GDP are from IMF World Economic Outlook. Trends over time are not directly comparable due to changes in measurement. Also, data often do not include remittances sent by migrants via money transfer operators (i.e. Western Union) or informal transfers (i.e. friends, relatives)."

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