Remittance inflows to GDP in Liberia
Liberia: Remittance inflows to GDP was 11.0% in 2020. ◆ Volatile
Remittance inflows to GDP in Liberia, 2004–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Liberia stood at 11.0%.
The figure is up 5.1% on the previous year and down 25.5% over ten years.
Over the whole period, remittance inflows to gdp in Liberia peaked at 21.8% in 2011 and was at its lowest, 1.4%, in 2009.
That places Liberia 30th out of 197 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Liberia, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 6.5% | — |
| 2005 | 3.4% | -48.5% |
| 2006 | 7.0% | +109.8% |
| 2007 | 4.5% | -35.9% |
| 2008 | 3.4% | -25.4% |
| 2009 | 1.4% | -57.8% |
| 2010 | 14.7% | +936.6% |
| 2011 | 21.8% | +48.1% |
| 2012 | 19.6% | -10.2% |
| 2013 | 13.0% | -33.7% |
| 2014 | 15.9% | +22.2% |
| 2015 | 20.3% | +27.8% |
| 2016 | 17.1% | -15.8% |
| 2017 | 11.9% | -30.3% |
| 2018 | 13.4% | +12.9% |
| 2019 | 10.4% | -22.4% |
| 2020 | 11.0% | +5.1% |
Liberia compared with similar countries
- Liberia's 11.0% is above the median for low income countries, which is 2.9%, 3.8× the median. (24 countries reporting)
- Liberia's 11.0% is above the median for Sub-Saharan Africa, which is 2.4%, 4.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Liberia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +936.6% | 1.4% | 14.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 1.4% | 7.0% | 6 |
| 2010s | 15.8% | 10.4% | 21.8% | 10 |
| 2020s | 11.0% | 11.0% | 11.0% | 1 |
Countries ranked near Liberia
- 27 Guinea-Bissau 12.2% compare
- 28 Yemen 12.0% compare
- 29 Uzbekistan 11.7% compare
- 31 Vanuatu 10.9% compare
- 32 Dominican Republic 10.6% compare
- 33 Armenia 10.5% compare
More financial sector data for Liberia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0084 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.73 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0084 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.73 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Liberia?
- Remittance inflows to gdp in Liberia was 11.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Liberia?
- The highest recorded value was 21.8% in 2011.
- What is the lowest remittance inflows to gdp recorded in Liberia?
- The lowest recorded value was 1.4% in 2009.
- How does Liberia rank for remittance inflows to gdp?
- Liberia ranks 30th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Liberia?
- Over the last ten years it is down 25.5%. The long-run trend across the full record is volatile.
- Where does this Liberia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.