https://newsletter.en.creamermedia.com
Export
Export
export

GDP bump

28th February 2025

     

Font size: - +

Remittances make up more than 5% of the national GDP of several larger African countries, including Morocco, Ghana, Egypt and Nigeria.

The funds workers send back to their families are especially significant for the small countries of Lesotho and The Gambia, which both have populations of below 3-million people.

In Lesotho, remittances made up nearly a quarter of the national GDP last year. However, this contribution has been decreasing in recent years due to the country’s growing diamond export industry.

In The Gambia, which has an agriculture-based economy, remittances accounted for nearly 27% of the GDP last year.

Governments have begun to take the contributions made by diaspora populations to their country’s economies seriously.

The central banks of Kenya, Uganda and The Gambia, for example, are improving data collection and reporting on remittance channels. Other countries are creating policy reforms to encourage sending money back home.

— October 28, 2024

Edited by Creamer Media Reporter

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.398 0.489s - 154pq - 2rq
Subscribe Now