Liberia: Remittances

* indicates monthly or quarterly data series
 Liberia

Remittances, million USD

 Latest value 800.00
 Year 2023
 Measure million U.S. dollars
 Data availability 2004 - 2023
 Average 370.17
 Min - Max 25.12 - 800.00
 Source The World Bank
The latest value from 2023 is 800 million U.S. dollars, an increase from 689.74 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 Liberia from 2004 to 2023 is 370.17 million U.S. dollars. The minimum value, 25.12 million U.S. dollars, was reached in 2009 while the maximum of 800 million U.S. dollars was recorded in 2023. 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
Liberia - Remittances - Recent values chart

Historical series
Liberia - Remittances - historical chart - 2004-2023




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.

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 Related indicators Latest Reference Measure
 Terms of trade 142.31 2021 percent
 Financial openness 1.100 2021 index points
 Foreign Direct Investment, percent of GDP 17.19 2023 percent
 Foreign Direct Investment, billion dollars 0.96 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2017 million dollars (current)
 Current account, percent of GDP -22.40 2023 percent
 Current account, in dollars 0.06 2022 billion U.S. dollars
 Trade balance, in dollars -0.74 2022 billion U.S. dollars
 Reserves 0.60 2022 billion U.S. dollars
 Remittances, percent of GDP 18.47 2023 percent
 Remittances 800.00 2023 million U.S. dollars
 Net errors and omissions -1,158.76 2022 million USD
 External debt 50.76 2022 percent
 Short-term external debt 0.00 2022 percent
 Short-term debt to reserves 0.00 2022 percent
 Foreign exchange reserves 0.41 6/2024 billion
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