Botswana: Remittances

* indicates monthly or quarterly data series
 Botswana

Remittances, million USD

 Latest value 60.16
 Year 2023
 Measure million U.S. dollars
 Data availability 1975 - 2023
 Average 52.05
 Min - Max 15.21 - 117.74
 Source The World Bank
The latest value from 2023 is 60.16 million U.S. dollars, a decline from 68.48 million U.S. dollars in 2022. In comparison, the world average is 4590.03 million U.S. dollars, based on data from 184 countries. Historically, the average for Botswana from 1975 to 2023 is 52.05 million U.S. dollars. The minimum value, 15.21 million U.S. dollars, was reached in 2009 while the maximum of 117.74 million U.S. dollars was recorded in 2005. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Botswana - Remittances - Recent values chart

Historical series
Botswana - Remittances - historical chart - 1975-2023




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Selected articles from our guide:

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International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 85.86 2021 percent
 Trade openness 67.37 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 31.66 2023 percent
 Exports, billion dollars 6.14 2023 billion U.S. dollars
 Growth of exports -16.21 2023 percent
 Imports, percent of GDP 35.71 2023 percent
 Imports, billion dollars 6.93 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.43 2023 percent
 Foreign Direct Investment, billion dollars 0.22 2022 billion U.S. dollars
 Portfolio investment inflows, equities 27.19 2022 million dollars (current)
 Current account, percent of GDP -2.50 2023 percent
 Current account, in dollars 0.61 2022 billion U.S. dollars
 Trade balance, percent of GDP -4.05 2023 percent
 Trade balance, in dollars 0.20 2022 billion U.S. dollars
 Reserves 4.76 2023 billion U.S. dollars
 Remittances, percent of GDP 0.31 2023 percent
 Remittances 60.16 2023 million U.S. dollars
 Net errors and omissions -370.48 2022 million USD
 External debt 9.96 2022 percent
 Short-term external debt 5.69 2022 percent
 Short-term debt to reserves 2.62 2022 percent
 Foreign exchange reserves 60.78 10/2022 billion
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