Guinea-Bissau vs Liberia: Remittance inflows to GDP
Remittance inflows to GDP over time
- Guinea-Bissau
- Liberia
How they compare
Guinea-Bissau currently reports 12.2% against 11.0% in Liberia, a difference of 1.2%.
That makes Guinea-Bissau's figure about 1.1 times Liberia's.
The two have swapped places 5 times across 17 shared years of data; in 2004 it was Liberia ahead.
Guinea-Bissau ranks 27th and Liberia ranks 30th of 197 countries.
Across the 3 decades both report, Guinea-Bissau averaged higher in 2 and Liberia in 1.
Head to head by decade
| Decade | Guinea-Bissau | Liberia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 5.1% | 4.4% | 0.7% | Guinea-Bissau |
| 2010s | 6.9% | 15.8% | 8.9% | Liberia |
| 2020s | 12.2% | 11.0% | 1.3% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Guinea-Bissau or Liberia?
- Guinea-Bissau, at 12.2% against 11.0% in Liberia as of 2020.
- What is the difference in remittance inflows to gdp between Guinea-Bissau and Liberia?
- 1.2%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and Liberia?
- 17 years are reported by both, from 2004 to 2020.
- How do Guinea-Bissau and Liberia rank globally for remittance inflows to gdp?
- Guinea-Bissau ranks 27th and Liberia ranks 30th of 197 countries.
- Where does this data come from?
- World Development Indicators (WDI), World Bank, published as Remittance inflows to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.