Workers' remittances paid reached 88.4 USD mil in 2017 in Namibia, according to the National Statistical Office. This is 77.2 % more than in the previous year.
Historically, workers' remittances paid in Namibia reached an all time high of 131 USD mil in 2014 and an all time low of 7.84 USD mil in 2001. When compared to Namibia's main peers, workers' remittances paid in Angola amounted to 961 USD mil, 67.9 USD mil in Botswana, 1,033 USD mil in South Africa and 18.6 USD mil in Zimbabwe in 2017.
Namibia has been ranked 110th within the group of 142 countries we follow in terms of workers' remittances paid, 15 places above 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.