Remittance inflows to GDP in Zambia
Zambia: Remittance inflows to GDP was 0.7% in 2020. ▼ Falling
Remittance inflows to GDP in Zambia, 2003–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Zambia stood at 0.7%.
The figure is up 76.6% on the previous year and up 245.7% over ten years.
Over the whole period, remittance inflows to gdp in Zambia peaked at 0.8% in 2004 and was at its lowest, 0.2%, in 2016.
That places Zambia 135th out of 197 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Remittance inflows to GDP in Zambia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 0.7% | — |
| 2004 | 0.8% | +5.1% |
| 2005 | 0.6% | -18.4% |
| 2006 | 0.5% | -28.7% |
| 2007 | 0.4% | -6.7% |
| 2008 | 0.4% | -9.7% |
| 2009 | 0.3% | -29.3% |
| 2010 | 0.2% | -20.0% |
| 2011 | 0.2% | -8.4% |
| 2012 | 0.3% | +44.8% |
| 2013 | 0.2% | -32.6% |
| 2014 | 0.2% | +11.6% |
| 2015 | 0.2% | +3.1% |
| 2016 | 0.2% | -17.1% |
| 2017 | 0.4% | +97.2% |
| 2018 | 0.4% | +12.3% |
| 2019 | 0.4% | +3.7% |
| 2020 | 0.7% | +76.6% |
Zambia compared with similar countries
- Zambia's 0.7% is below the median for lower middle income countries, which is 4.9%, 15% of the median. (47 countries reporting)
- Zambia's 0.7% is below the median for Sub-Saharan Africa, which is 2.4%, 31% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5% | 0.3% | 0.8% | 7 |
| 2010s | 0.3% | 0.2% | 0.4% | 10 |
| 2020s | 0.7% | 0.7% | 0.7% | 1 |
Countries ranked near Zambia
More financial sector data for Zambia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0011 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0008 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0011 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 Zambia?
- Remittance inflows to gdp in Zambia was 0.7% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Zambia?
- The highest recorded value was 0.8% in 2004.
- What is the lowest remittance inflows to gdp recorded in Zambia?
- The lowest recorded value was 0.2% in 2016.
- How does Zambia rank for remittance inflows to gdp?
- Zambia ranks 135th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Zambia?
- Over the last ten years it is up 245.7%. The long-run trend across the full record is falling.
- Where does this Zambia 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.