Economy · Remittance inflows · Ethiopia
Ethiopia’s remittance inflows rose to $7.1bn in 2024.
$7.1bn
2024
Up $6.6bn from 2023.
Updated 8 Oct 2026
In plain words
$7.1bn
What it is. Personal remittances received counts the money and goods that people living abroad send to relatives and others in Ethiopia, converted into current US dollars. Because it is measured in dollars at each year's prices, the figure moves with exchange rates as well as with the amount people send. Transfers carried by hand or passed through informal agents often go unrecorded in official counts, so the measure follows what is captured by formal channels.
Higher is better. Higher is better because every dollar sent home adds foreign currency to the economy and extra income to the receiving household. The latest figure is $7.1bn for 2024, against $0.54bn a year earlier, a rise of $6.6bn or 1,223%. That is the highest reading since 2015. The lowest in the same span was $0.39bn in 2017.
Why it matters. For recipient households, remittances pay for food, rent, school fees and medical bills, so an inflow of $7.1bn reaches a great many family budgets. For the state and for importers, it is a large supply of foreign currency in a country that has to buy fuel, medicine and machinery abroad. A one-year jump of this size makes the next annual figure the one to check, to see whether the level near $7.1bn holds.
| Period | Remittance inflows · Ethiopia |
|---|---|
| 2015 | $1.1bn |
| 2016 | $0.77bn |
| 2017 | $0.39bn |
| 2018 | $0.44bn |
| 2019 | $0.48bn |
| 2020 | $0.4bn |
| 2021 | $0.45bn |
| 2022 | $0.51bn |
| 2023 | $0.54bn |
| 2024 | $7.1bn |
Source: World Bank, World Development Indicators (CC BY 4.0) · Licence: CC BY 4.0
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Strata-AF™ Data, Remittance inflows, Ethiopia, 2024; source World Bank, World Development Indicators (CC BY 4.0), retrieved 8 Oct 2026; https://data.strata-af.com/economy/remittance-inflows/ethiopia
Data insights · Worked out from the published figures
What this means
Working this out from the published figures…
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Methodology
Personal remittances received, current US dollars. Unit: USD bn.
Source: World Bank, World Development Indicators (series BX.TRF.PWKR.CD.DT), retrieved through the World Bank API and published under CC BY 4.0. Updated annually; the World Bank's own source notes apply.