Remittance inflows to GDP in Guyana
Guyana: Remittance inflows to GDP was 8.0% in 2020. ◆ Volatile
Remittance inflows to GDP in Guyana, 1982–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Guyana stood at 8.0%.
Compared with earlier readings it is up 9.0% on the previous year and down 25.2% over ten years.
Over the whole period, remittance inflows to gdp in Guyana peaked at 24.4% in 2005 and was at its lowest, 0.2%, in 1983.
Guyana ranks 49th 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 Guyana, year by year
| Year | % | Change |
|---|---|---|
| 1982 | 0.5% | — |
| 1983 | 0.2% | -50.0% |
| 1984 | 0.6% | +150.1% |
| 1992 | 0.3% | -54.2% |
| 1993 | 0.3% | -2.4% |
| 1994 | 0.2% | -7.0% |
| 1995 | 0.3% | +10.4% |
| 1996 | 2.1% | +656.8% |
| 1997 | 2.0% | -3.3% |
| 1998 | 2.0% | -2.6% |
| 1999 | 3.0% | +51.2% |
| 2000 | 3.8% | +29.8% |
| 2001 | 3.1% | -18.3% |
| 2002 | 7.0% | +124.3% |
| 2003 | 13.4% | +90.3% |
| 2004 | 19.4% | +45.3% |
| 2005 | 24.4% | +25.6% |
| 2006 | 9.2% | -62.4% |
| 2007 | 10.2% | +11.3% |
| 2008 | 9.1% | -11.2% |
| 2009 | 8.3% | -8.6% |
| 2010 | 10.7% | +29.4% |
| 2011 | 11.2% | +4.2% |
| 2012 | 11.5% | +3.4% |
| 2013 | 7.9% | -31.8% |
| 2014 | 8.0% | +1.4% |
| 2015 | 7.1% | -11.4% |
| 2016 | 6.0% | -15.1% |
| 2017 | 6.8% | +13.1% |
| 2018 | 7.0% | +2.7% |
| 2019 | 7.4% | +5.5% |
| 2020 | 8.0% | +9.0% |
Guyana compared with similar countries
- Guyana's 8.0% is above the median for high income countries, which is 0.8%, 10.5× the median. (67 countries reporting)
- Guyana's 8.0% is above the median for Latin America & Caribbean, which is 3.3%, 2.4× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Guyana 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 |
|---|---|---|---|
| 1996 | +656.8% | 0.3% | 2.1% |
| 1984 | +150.1% | 0.2% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4% | 0.2% | 0.6% | 3 |
| 1990s | 1.3% | 0.2% | 3.0% | 8 |
| 2000s | 10.8% | 3.1% | 24.4% | 10 |
| 2010s | 8.3% | 6.0% | 11.5% | 10 |
| 2020s | 8.0% | 8.0% | 8.0% | 1 |
Countries ranked near Guyana
More financial sector data for Guyana
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1976)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1976)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1976)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1976)
Frequently asked questions
- What is remittance inflows to gdp in Guyana?
- Remittance inflows to gdp in Guyana was 8.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Guyana?
- The highest recorded value was 24.4% in 2005.
- What is the lowest remittance inflows to gdp recorded in Guyana?
- The lowest recorded value was 0.2% in 1983.
- How does Guyana rank for remittance inflows to gdp?
- Guyana ranks 49th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Guyana?
- Over the last ten years it is down 25.2%. The long-run trend across the full record is volatile.
- Where does this Guyana 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.