Remittance - Intelpoint

Nigeria led Africa in remittance inflows for 13 of the past 24 years

Egypt had the highest total remittance inflows across all years in the dataset.
Nigeria was consistently among the top 3 recipients every year, topping the chart for 13 years.
Morocco and Ghana showed strong, stable inflows throughout the 2000–2023 period.
Kenya and Senegal experienced some of the fastest remittance growth from 2000 to recent years.
Rwanda had high percentage growth, though starting from a small base.
A noticeable dip occurred in 2020 for most countries, likely linked to COVID-19 — followed by recovery in 2021 and 2022.

Malawi recorded its biggest year-on-year growth rate in remittance in 2003 with 1547.5%

Malawi's remittance inflow increased from $747k in 2000 to $263.4 million in 2023, with the highest year-on-year growth rate recorded in 2003. However, the biggest gain in value occurred in 2018, when it increased by $102.2 million over 2017.

Nigeria, Egypt, and Morocco have consistently led Africa's remittance receipts since 2000

Nigeria, Egypt, and Morocco have consistently led Africa's diaspora remittance, contributing 67% of the continent's total inflows since 2000. In 2023, African nations received $94.78 billion, with Egypt, Nigeria, and Morocco leading. Here are the top ten countries since 2000.

Africa’s remittance boom: From $9.7 billion to nearly $100 billion in 2021

Africa's remittance inflow nearly reached $100 billion in 2021, driven by contributions from Nigeria, Egypt, and Morocco, the top recipients on the continent. Growing from $9.7 billion in 2000 to $97.6 billion in 2021, highlights the crucial role of the African diaspora.