Countries in Africa with most outgoing remittances, by receiving region 2021

South Africa and Ivory Coast accounted for a combined 25 percent of the total outflow of remittance-sending countries in Africa in 2021. Remittances from the 54 countries and territories in this region ranged from 1.7 million U.S. dollars to four billion U.S. dollars, with a country like Nigeria accounting for roughly six percent of Africa's outflow,. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. Africa's outflow largely stayed within the continent, especially within Sub-Saharan Africa.