Primary income balance (credit less debit), Net (credits less debits) in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Primary income balance (credit less debit), Net (credits less debits) was -55.41 billion in 2024. ▼ Falling
Primary income balance (credit less debit), Net (credits less debits) in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA) stood at -55.41 billion.
The figure is down 3.0% on the previous year and down 5.2% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA) peaked at -19.45 billion in 2005 and was at its lowest, -68.96 billion, in 2011.
The long-run direction has been consistently falling across the 20 years of available data.
Primary income balance (credit less debit), Net (credits less debits) in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -19.45 billion | — |
| 2006 | -22.94 billion | +17.9% |
| 2007 | -39.63 billion | +72.7% |
| 2008 | -50.82 billion | +28.2% |
| 2009 | -41.12 billion | -19.1% |
| 2010 | -54.24 billion | +31.9% |
| 2011 | -68.96 billion | +27.1% |
| 2012 | -63.08 billion | -8.5% |
| 2013 | -65.96 billion | +4.6% |
| 2014 | -52.67 billion | -20.1% |
| 2015 | -37.67 billion | -28.5% |
| 2016 | -33.75 billion | -10.4% |
| 2017 | -43.67 billion | +29.4% |
| 2018 | -51.05 billion | +16.9% |
| 2019 | -48.74 billion | -4.5% |
| 2020 | -32.01 billion | -34.3% |
| 2021 | -47.22 billion | +47.5% |
| 2022 | -62.14 billion | +31.6% |
| 2023 | -53.82 billion | -13.4% |
| 2024 | -55.41 billion | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -34.79 billion | -50.82 billion | -19.45 billion | 5 |
| 2010s | -51.98 billion | -68.96 billion | -33.75 billion | 10 |
| 2020s | -50.12 billion | -62.14 billion | -32.01 billion | 5 |
Countries ranked near Sub-Saharan Africa (SSA)
More financial sector data for Sub-Saharan Africa (SSA)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.08 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 141.23 billion SDR (2025)
- Reserves excluding gold 154.94 billion SDR (2025)
- Total reserves (gold at market value) 173.33 billion SDR (2025)
- Total reserves (gold at national valuation) 177.24 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.03 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.62 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3.4 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.92 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3.26 % change on previous year (2025)
Frequently asked questions
- What is primary income balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA)?
- Primary income balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA) was -55.41 billion in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was -19.45 billion in 2005.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was -68.96 billion in 2011.
- How does Sub-Saharan Africa (SSA) rank for primary income balance (credit less debit), net (credits less debits)?
- Sub-Saharan Africa (SSA) ranks 4th out of 9 groups with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is falling.
- Where does this Sub-Saharan Africa (SSA) data come from?
- The figures come from International Monetary Fund, published as part of Primary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.