Remittance inflows to GDP in Liberia
Liberia: Remittance inflows to GDP was 11.0% in 2020. β Volatile
Remittance inflows to GDP in Liberia, 2004β2020
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 29th out of 196 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.
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
- 26 Guinea-Bissau 12.2% compare
- 27 Yemen, Republic of 12.0% compare
- 28 Uzbekistan, Republic of 11.7% compare
- 30 Vanuatu 10.9% compare
- 31 Dominican Republic 10.6% compare
- 32 Armenia, Republic of 10.5% compare
More financial sector data for Liberia
- Net domestic credit (current LCU), per capita 237.53 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 0.319 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 34.26 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 13.28 million SDR (2025)
- Reserves excluding gold 247.39 million SDR (2025)
- Total reserves (gold at market value) 247.39 million SDR (2025)
- Total reserves (gold at national valuation) 247.39 million SDR (2025)
- Domestic credit to private sector by banks 16.9% (2024)
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 29th out of 196 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.