Workers' remittances paid reached 88.1 USD mil in 2016 in Benin, according to the National Statistical Office. This is 10.3 % less than in the previous year.
Historically, workers' remittances paid in Benin reached an all time high of 144 USD mil in 2014 and an all time low of 1.21 USD mil in 1977. When compared to Benin's main peers, workers' remittances paid in Burkina Faso amounted to 188 USD mil, 109 USD mil in Niger, 744 USD mil in Nigeria and 77.8 USD mil in Togo in 2016.
Benin has been ranked 113th within the group of 154 countries we follow in terms of workers' remittances paid, 17 places behind the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.