Net secondary income (BoP, current US$) - Country Ranking - Africa

Definition: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Egypt 29,160,200,000.00 2020
2 Nigeria 21,022,320,000.00 2020
3 Morocco 8,637,549,000.00 2020
4 Ethiopia 7,397,024,000.00 2020
5 Kenya 4,951,660,000.00 2020
6 Ghana 3,732,878,000.00 2020
7 Algeria 2,253,376,000.00 2020
8 Tunisia 2,080,247,000.00 2020
9 Senegal 2,058,677,000.00 2018
10 Zimbabwe 1,795,188,000.00 2020
11 Uganda 1,743,707,000.00 2020
12 Mali 1,502,669,000.00 2020
13 Namibia 1,352,185,000.00 2020
14 Botswana 1,291,755,000.00 2020
15 Sudan 1,086,141,000.00 2020
16 Madagascar 889,345,800.00 2020
17 Malawi 826,138,400.00 2020
18 Dem. Rep. Congo 804,018,400.00 2020
19 Burkina Faso 722,113,900.00 2020
20 Mozambique 677,553,400.00 2020
21 Rwanda 620,721,100.00 2020
22 Lesotho 615,679,400.00 2021
23 Togo 604,136,800.00 2020
24 Niger 596,575,700.00 2020
25 Eswatini 552,956,200.00 2020
26 The Gambia 547,157,600.00 2021
27 Sierra Leone 467,794,100.00 2020
28 Cameroon 414,083,300.00 2020
29 Tanzania 399,883,500.00 2020
30 Cabo Verde 348,740,300.00 2020
31 Mauritania 341,719,600.00 2020
32 Eritrea 298,771,900.00 2000
33 Benin 283,120,400.00 2020
34 Burundi 251,450,700.00 2018
35 Comoros 245,137,600.00 2020
36 Zambia 221,217,700.00 2020
37 Djibouti 194,823,100.00 2020
38 Chad 190,969,200.00 1994
39 Guinea 147,010,000.00 2020
40 Guinea-Bissau 142,734,700.00 2020
41 Liberia 132,733,200.00 2019
42 Central African Republic 63,400,040.00 1994
43 São Tomé and Principe 48,239,180.00 2020
44 Equatorial Guinea -2,594,065.00 1996
45 Seychelles -13,258,690.00 2020
46 Angola -62,682,900.00 2020
47 Gabon -95,372,470.00 2015
48 Mauritius -325,422,900.00 2020
49 Congo -513,362,200.00 2016
50 Côte d'Ivoire -699,493,400.00 2020
51 Libya -763,000,000.00 2019
52 South Africa -2,585,338,000.00 2020

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Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.