Remittance inflows to GDP in Guinea
Guinea: Remittance inflows to GDP was 0.2% in 2020. ◆ Volatile
Remittance inflows to GDP in Guinea, 1986–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Guinea stood at 0.2%.
That represents a change of down 86.5% on the previous year and down 76.4% over ten years.
Over the whole period, remittance inflows to gdp in Guinea peaked at 3.2% in 2003 and was at its lowest, 0.0%, in 1987.
That places Guinea 165th out of 195 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5% | 0.0% | 1.1% | 4 |
| 1990s | 0.2% | 0.0% | 0.7% | 10 |
| 2000s | 0.9% | 0.0% | 3.2% | 10 |
| 2010s | 0.9% | 0.2% | 1.5% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Guinea
More financial sector data for Guinea
- Domestic credit to private sector by banks 9.9% (2025)
- Total reserves in months of imports 1.28 (2024)
- Net domestic credit 77.94 trillion current LCU (2025)
- Net foreign assets 34.69 trillion current LCU (2025)
- Monetary Sector credit to private sector 10.6% (2025)
- Broad money 30.1% (2024)
- Claims on central government, etc. 20.8% (2025)
- Domestic credit to private sector 10.6% (2025)
- Official exchange rate 9,565 LCU per US$, period average (2020)
- Net migration -16,282 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Guinea?
- Remittance inflows to gdp in Guinea was 0.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Guinea?
- The highest recorded value was 3.2% in 2003.
- What is the lowest remittance inflows to gdp recorded in Guinea?
- The lowest recorded value was 0.0% in 1987.
- How does Guinea rank for remittance inflows to gdp?
- Guinea ranks 165th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Guinea?
- Over the last ten years it is down 76.4%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.
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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.