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.

Source:
World Bank-KNOMAD
Period:
2000 - 2023
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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.
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