Annual value of incoming personal remittances in Senegal 2000-2023
The personal remittances received in Senegal decreased to 2.94 billion U.S. dollars since the previous year. Nevertheless, the last two years recorded significant higher personal remittances received than the preceding years.
A remittance is a non-commercial transfer of money by a nonresident worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country. Workers’ remittances are a significant part of international capital flows, especially regarding labor-exporting countries.