Guinea-Bissau vs Montenegro: Remittance inflows to GDP
Remittance inflows to GDP over time
- Guinea-Bissau
- Montenegro
How they compare
Montenegro currently reports 12.6% against 12.2% in Guinea-Bissau, a difference of 0.4%.
The two have swapped places 1 time across 16 shared years of data; in 2005 it was Guinea-Bissau ahead.
Guinea-Bissau ranks 27th and Montenegro ranks 26th of 197 countries.
Across the 3 decades both report, Guinea-Bissau averaged higher in 1 and Montenegro in 2.
Head to head by decade
| Decade | Guinea-Bissau | Montenegro | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 5.1% | 3.8% | 1.3% | Guinea-Bissau |
| 2010s | 6.9% | 11.2% | 4.3% | Montenegro |
| 2020s | 12.2% | 12.6% | 0.3% | Montenegro |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Guinea-Bissau or Montenegro?
- Montenegro, at 12.6% against 12.2% in Guinea-Bissau as of 2020.
- What is the difference in remittance inflows to gdp between Guinea-Bissau and Montenegro?
- 0.4%, with Montenegro ahead.
- How many years of comparable data are there for Guinea-Bissau and Montenegro?
- 16 years are reported by both, from 2005 to 2020.
- How do Guinea-Bissau and Montenegro rank globally for remittance inflows to gdp?
- Guinea-Bissau ranks 27th and Montenegro ranks 26th 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.