Remittance inflows to GDP in Guinea-Bissau
Guinea-Bissau: Remittance inflows to GDP was 12.2% in 2020. ◆ Volatile
Remittance inflows to GDP in Guinea-Bissau, 1988–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Guinea-Bissau recorded 12.2% for remittance inflows to gdp in 2020. That is the highest value across all 33 years on record.
The figure is up 16.3% on the previous year and up 126.3% over ten years.
Over the whole period, remittance inflows to gdp in Guinea-Bissau peaked at 12.2% in 2020 and was at its lowest, 0.4%, in 1990.
Guinea-Bissau ranks 27th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Guinea-Bissau, year by year
| Year | % | Change |
|---|---|---|
| 1988 | 0.9% | — |
| 1989 | 0.6% | -38.3% |
| 1990 | 0.4% | -27.2% |
| 1991 | 0.5% | +10.7% |
| 1992 | 0.6% | +29.9% |
| 1993 | 0.6% | +7.5% |
| 1994 | 0.7% | +11.7% |
| 1995 | 0.7% | +2.1% |
| 1996 | 0.7% | +2.5% |
| 1997 | 0.7% | +0.7% |
| 1998 | 1.9% | +160.6% |
| 1999 | 2.7% | +38.1% |
| 2000 | 2.2% | -19.3% |
| 2001 | 2.6% | +18.2% |
| 2002 | 4.2% | +65.2% |
| 2003 | 4.8% | +14.8% |
| 2004 | 5.2% | +7.5% |
| 2005 | 3.4% | -34.9% |
| 2006 | 4.3% | +27.1% |
| 2007 | 6.2% | +43.3% |
| 2008 | 5.7% | -7.7% |
| 2009 | 5.9% | +3.3% |
| 2010 | 5.4% | -8.2% |
| 2011 | 4.7% | -12.3% |
| 2012 | 4.6% | -2.6% |
| 2013 | 6.1% | +32.2% |
| 2014 | 8.8% | +43.7% |
| 2015 | 8.1% | -7.5% |
| 2016 | 4.8% | -40.9% |
| 2017 | 7.8% | +62.8% |
| 2018 | 8.5% | +9.2% |
| 2019 | 10.5% | +23.5% |
| 2020 | 12.2% | +16.3% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 12.2% is above the median for low income countries, which is 2.9%, 4.3× the median. (24 countries reporting)
- Guinea-Bissau's 12.2% is above the median for Sub-Saharan Africa, which is 2.4%, 5.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Guinea-Bissau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +160.6% | 0.7% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.7% | 0.6% | 0.9% | 2 |
| 1990s | 1.0% | 0.4% | 2.7% | 10 |
| 2000s | 4.4% | 2.2% | 6.2% | 10 |
| 2010s | 6.9% | 4.6% | 10.5% | 10 |
| 2020s | 12.2% | 12.2% | 12.2% | 1 |
Countries ranked near Guinea-Bissau
- 24 Georgia 13.3% compare
- 25 Marshall Islands 12.7% compare
- 26 Montenegro 12.6% compare
- 28 Yemen 12.0% compare
- 29 Uzbekistan 11.7% compare
- 30 Liberia 11.0% compare
More financial sector data for Guinea-Bissau
- Reserve position in the IMF, US dollar, annual growth rate 5.82 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.56 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.767 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.87 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.82 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.56 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.767 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Guinea-Bissau?
- Remittance inflows to gdp in Guinea-Bissau was 12.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Guinea-Bissau?
- The highest recorded value was 12.2% in 2020.
- What is the lowest remittance inflows to gdp recorded in Guinea-Bissau?
- The lowest recorded value was 0.4% in 1990.
- How does Guinea-Bissau rank for remittance inflows to gdp?
- Guinea-Bissau ranks 27th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Guinea-Bissau?
- Over the last ten years it is up 126.3%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.