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5 African countries with the highest diaspora remittance
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- 5 African countries with the highest diaspora remittance
5 African countries with the highest diaspora remittance
- Egypt: Leading the continent, Egypt received $22.7 billion in remittances in 2024. These funds are vital for supporting everyday expenses and larger community initiatives, significantly contributing to the nation’s economy.
- Nigeria: With a large diaspora population worldwide, Nigeria garnered $19.8 billion in remittances in 2024. These funds are an essential source of income for families and provide a steady inflow into the economy.
- Morocco: Remittances to Morocco totaled $12.0 billion in 2024. These funds are a lifeline for many households, helping to meet essential needs and drive local economic activities.
- Ghana: Ghana recorded $4.6 billion in remittances in 2024. These inflows contribute to the livelihoods of families and bolster economic activities in various sectors.
- Kenya: Kenya received $4.8 billion in remittances in 2024, reflecting the strong ties between its diaspora and those back home. The funds are often used for educational purposes, healthcare, and small business investments.