Remittances in Nigeria decreased to 5080 USD Million in the fourth quarter of 2024 from 5403.50 USD Million in the third quarter of 2024. This dataset provides - Nigeria Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances entering Nigeria took less than *** day to be processed in 2024, a figure that was much higher if cash or bank account transfers were involved. This is according to a Statista estimate that aims to compare the transaction speed listed for different international money transfer channels across the world. Generally, digital remittance tend to process remittances much faster. The figures shown here have originally been gathered by the World Bank using mystery shopping. "Traditional end-to-end" and "digital to traditional" are categories assigned by Statista, and refer to the payment method used at the remittance sending side and the method used when receiving. "Traditional" refers to cash and bank account transfers, while "Digital" includes everything that does not involve these (e.g., cards, mobile wallets, mobile money, etc.). In this statistic, the categories "traditional to digital" and "digital end-to-end" have been excluded, as there were not enough channels to use these. In the case of Nigeria, the "traditional end-to-end" and "digital to traditional" covered **** percent of all recorded channels since 2016.

Remittance inflows to GDP (%) in Nigeria was reported at 3.9805 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Outbound remittances from Nigeria largely went towards Ghana in 2021, but this flow was considerably smaller than the total value of remittances received in Nigeria. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Nigeria, the top five recipient countries for remittances in 2021 included Ghana, Togo, Niger, Mali, and Benin. Nigeria's five main sources for remittances - which, in total, were over 10 times bigger than the value sent - included the United States, the United Kingdom, Cameroon, Italy, and Niger.

Personal transfers, receipts (BoP, current US$) in Nigeria was reported at 20977029788 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Workers' remittances, receipts (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Remittance Inflows to GDP for Nigeria (DDOI11NGA156NWDB) from 1977 to 2020 about remittances, Nigeria, and GDP.

Personal remittances, received (% of GDP) in Nigeria was reported at 11.34 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Workers' remittances and compensation of employees, received (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Finances are an important part of life. When looking at the share of consumers using money transfer services in selected countries worldwide, Nigeria and Vietnam lead the ranking. 99 percent of consumers from Nigeria as well as 98 percent from Vietnam are part of this category. Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

Personal remittances, paid (current US$) in Nigeria was reported at 92301298 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Workers' remittances and compensation of employees, paid - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The share of digital remittances leaving the United Kingdom was slightly higher in 2024 than in previous years, taking up the majority of money transfers. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from the UK. The ***** countries the United Kingdom sends the highest value of remittances include India, Pakistan, and Nigeria. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Remittances sent to Africa went largely towards Egypt, Nigeria, and Morocco in 2021, with each country receiving at least ** billion billions worth of dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific - not Africa - is often referred to as the main receiver of remittances.

Nigeria BOP: Current Account: Secondary Income: FC: Personal Transfers: ow Workers Remittances: Debit data was reported at 12.396 USD mn in Jun 2024. This records an increase from the previous number of 11.309 USD mn for Mar 2024. Nigeria BOP: Current Account: Secondary Income: FC: Personal Transfers: ow Workers Remittances: Debit data is updated quarterly, averaging 12.305 USD mn from Mar 2014 (Median) to Jun 2024, with 42 observations. The data reached an all-time high of 345.630 USD mn in Mar 2015 and a record low of 6.900 USD mn in Sep 2014. Nigeria BOP: Current Account: Secondary Income: FC: Personal Transfers: ow Workers Remittances: Debit data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.JB001: BPM6: Balance of Payments.

Personal remittances, received (current US$) in Nigeria was reported at 21292957333 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Workers' remittances and compensation of employees, received - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Nigeria was Cameroon's main destination for remittances in 2021, according to a country ranking on the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Cameroon, the top five recipient countries for remittances in 2021 included Nigeria, France, Niger, Senegal, and Mali. Cameroon's five main sources for remittances were France, the United States, Gabon, Nigeria, and Germany.

Remitly was used the most for outgoing remittances from the UK in 2024, although its ***percent market share was relatively low due to how many providers are present. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from the United Kingdom. The three countries to which the UK sends the highest value of remittances are India, Pakistan, and Nigeria. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Money transfers to other countries outside the United Kingdom were nearly ** times higher in 2021 than money received. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about *** in ***** people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For the United Kingdom, the top five recipient countries for remittances in 2021 included India, Pakistan, Nigeria, France, and Germany. The UK's five main sources for remittances were Australia, the United States, Canada, Spain, and Ireland.

The gross national income (GNI) in Nigeria decreased by 111.6 billion U.S. dollars (-24.03 percent) in 2023 in comparison to the previous year. This marks the lowest GNI during the observed period. Gross National Income is the aggregate value added by all resident producers adding product taxes (minus subsidies) not covered in the output valuation plus net receipts of primary income (compensation for income on property and employees) coming from overseas. Figures are in current U.S. dollars.Find more statistics on other topics about Nigeria with key insights such as national gross income per capita, personal remittances received, and value of personal remittances paid.

Debt service (PPG and IMF only, % of exports of goods, services and primary income) in Nigeria was reported at 7.5679 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Debt service (PPG and IMF only, % of exports, excluding workers' remittances) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

ナイジェリアの個人送金の受取額の統計データです。最新の2024年の数値「21,292,957,333ドル」を含む1977～2024年までの推移表や他国との比較情報を無料で公開しています。csv形式でのダウンロードも可能でEXCELでも開けますので、研究や分析レポートにお役立て下さい。

The national gross income per capita in Nigeria decreased to ***** U.S. dollars compared to the previous year. This marks the lowest national gross income during the observed period. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.Find more statistics on other topics about Nigeria with key insights such as gross national income (GNI), value of personal remittances paid, and personal remittances received.