remittances_in_the_context_of_covid_19_africa_120620

Overall, there is positive relationship between the two composite indicators (Economic vulnerability and Financial exclusion). Moreover, the majority of countries are situated either in the lower-left or upper-right quarters. In this way, Figure 15 shows: • The countries with the highest scores across Dependence on remittances, Economic vulnerability and Financial exclusion are Niger, Burkina Faso, Mali, Lesotho, Zimbabwe, Eswatini and Liberia. • Countries where the population is more dependent on remittances but has lower scores for economic vulnerability and financial exclusion are Cabo Verde, Morocco, Senegal, Nigeria, Gambia, South Africa, San Tome and Principe, and Sudan. • In Cameroon, the population is more dependent on remittances and more vulnerable to economic problems but has lower scores for Financial exclusion. • In Mozambique the population is more dependent on remittances and faces higher than average levels of financial exclusion but is less economically vulnerable. • Tanzania scored the lowest in terms of population dependence on remittances and had a relatively low score on Economic vunerability, but is among countries with limited access to financial and digital infrastructure.

Figure 15. Exposure to economic vulnerability and financial exclusion

Note: The vertical and horizontal dashed lines correspond to median values of the composite indicators the axes represent. The red and blue dots represent countries above and below the median

value of the Dependence on remittances composite indicator. Source: own elaboration of Afrobarometer data (2016-2018 wave)

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