Total remittance inflows to Africa rose significantly between 2015 and 2024, despite fluctuations during the period, according to the Economic Report on Africa 2026 by the United Nations Economic Commission for Africa.
Remittance inflows stood at about $71 billion in 2015 before falling to a decade low of roughly $67 billion in 2016.
They then increased steadily, reaching nearly $87 billion in 2019.
Inflows dipped to about $84 billion in 2020 amid global economic disruptions, before rebounding to approximately $95 billion in 2021.
They peaked at nearly $97 billion in 2022, before easing to around $92 billion in 2023.
The upward trend resumed strongly in 2024, when remittance inflows reached a decade high of about $105 billion.
Overall, inflows increased by nearly 48% between 2015 and 2024, highlighting the growing importance of remittances to African economies.
