Economy · Remittance inflows · Liberia
Liberia’s remittance inflows rose to $1bn in 2024.
$1bn
2024
Up $0.07bn from 2023.
Updated 8 Oct 2026
In plain words
$1bn
What it is. Remittance inflows add up the money that Liberians living abroad send to relatives at home, together with wages earned by Liberians working abroad and paid to people in Liberia. The figure is in current US dollars, so it moves with the exchange rate as well as with the volume of transfers. Money carried home by hand or passed through informal agents is hard to count, so the recorded total probably sits below the true flow.
Higher is better. A higher figure means more outside income reaching Liberian households and more foreign currency entering the economy, so rising inflows are good news. Inflows reached $1bn in 2024, up 7% from $0.95bn in 2023, a rise of $0.07bn. Since 2015 the lowest figure was $0.35bn in 2019, and the 2024 figure is the highest in that span.
Why it matters. For many Liberian households, money from relatives abroad pays for daily needs such as food and school fees. At $1bn a year, this flow is a large source of dollars for families and for local traders who depend on their spending. For the state, a steady supply of foreign currency eases pressure on the external accounts. The next annual reading will show whether the 2024 level holds.
| Period | Remittance inflows · Liberia |
|---|---|
| 2015 | $0.65bn |
| 2016 | $0.58bn |
| 2017 | $0.4bn |
| 2018 | $0.46bn |
| 2019 | $0.35bn |
| 2020 | $0.42bn |
| 2021 | $0.86bn |
| 2022 | $0.88bn |
| 2023 | $0.95bn |
| 2024 | $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, Liberia, 2024; source World Bank, World Development Indicators (CC BY 4.0), retrieved 8 Oct 2026; https://data.strata-af.com/economy/remittance-inflows/liberia
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.