Workers' remittances paid reached 63.5 USD mil in 2017 in Madagascar, according to the National Statistical Office. This is 33.2 % more than in the previous year.
Historically, workers' remittances paid in Madagascar reached an all time high of 63.5 USD mil in 2017 and an all time low of 4.71 USD mil in 2002. When compared to Madagascar's main peers, workers' remittances paid in Mozambique amounted to 219 USD mil, 1,033 USD mil in South Africa, 19.5 USD mil in Swaziland and 114 USD mil in Tanzania in 2017.
Madagascar has been ranked 119th within the group of 142 countries we follow in terms of workers' remittances paid, 6 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.