Secondary income balance (credit less debit), Net (credits less) in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Secondary income balance (credit less debit), Net (credits less) was 71.04 billion in 2024. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
Sub-Saharan Africa (SSA) recorded 71.04 billion for secondary income balance (credit less debit), net (credits less) in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 9.5% on the previous year and up 36.8% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Sub-Saharan Africa (SSA) peaked at 71.04 billion in 2024 and was at its lowest, 26.75 billion, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 26.75 billion | — |
| 2006 | 32.01 billion | +19.7% |
| 2007 | 37.49 billion | +17.1% |
| 2008 | 43.02 billion | +14.7% |
| 2009 | 40.60 billion | -5.6% |
| 2010 | 44.22 billion | +8.9% |
| 2011 | 47.53 billion | +7.5% |
| 2012 | 47.80 billion | +0.6% |
| 2013 | 48.73 billion | +1.9% |
| 2014 | 51.95 billion | +6.6% |
| 2015 | 50.19 billion | -3.4% |
| 2016 | 46.40 billion | -7.6% |
| 2017 | 50.94 billion | +9.8% |
| 2018 | 56.37 billion | +10.6% |
| 2019 | 61.04 billion | +8.3% |
| 2020 | 56.36 billion | -7.7% |
| 2021 | 58.73 billion | +4.2% |
| 2022 | 63.09 billion | +7.4% |
| 2023 | 64.89 billion | +2.9% |
| 2024 | 71.04 billion | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.97 billion | 26.75 billion | 43.02 billion | 5 |
| 2010s | 50.52 billion | 44.22 billion | 61.04 billion | 10 |
| 2020s | 62.82 billion | 56.36 billion | 71.04 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 secondary income balance (credit less debit), net (credits less) in Sub-Saharan Africa (SSA)?
- Secondary income balance (credit less debit), net (credits less) in Sub-Saharan Africa (SSA) was 71.04 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was 71.04 billion in 2024.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was 26.75 billion in 2005.
- How does Sub-Saharan Africa (SSA) rank for secondary income balance (credit less debit), net (credits less)?
- Sub-Saharan Africa (SSA) ranks 4th out of 9 groups with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is up 36.8%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (SSA) data come from?
- The figures come from International Monetary Fund, published as part of Secondary 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.