African diaspora remittances passed 100 billion dollars in 2024, outpacing aid in much of the continent despite high transfer costs.
AFRICA · ECONOMY & SOCIETY
Key Facts
—Over $100bn: African diaspora remittances topped 100 billion US dollars in 2024, above 104 billion by World Bank counts.
—Top recipients: Egypt is Africa’s largest recipient; Nigeria leads sub-Saharan Africa with a record 2024 inflow.
—A GDP backbone: In 19 of Africa’s 54 countries, remittances are worth at least 4 percent of GDP.
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