Remittances received — all countries

Remittances received — Guinea-Bissau

Remittances received in Guinea-Bissau in 2024 — 217,179,323 US$. Ranked 126 in the world out of 160. Since 1988, the indicator has risen by 14,378.6%.

2024 217M US$ +6.26% vs 2023
World rank 126of 160
Period maximum 217M US$2024
Period minimum 1M US$1990

Trend over time

1988–2024 · US$

Remittances received — Guinea-Bissau, 1988–20240100M200M300M19881992199620002004200820122016202020241988: 1,500,000 US$1989: 1,200,000 US$1990: 1,000,000 US$1991: 1,166,667 US$1992: 1,333,333 US$1993: 1,500,000 US$1994: 1,666,667 US$1995: 1,833,333 US$1996: 2,000,000 US$1997: 2,000,000 US$1998: 4,007,030 US$1999: 6,014,061 US$2000: 8,021,091 US$2001: 10,028,123 US$2002: 17,631,575 US$2003: 23,126,278 US$2004: 27,699,074 US$2005: 19,898,832 US$2006: 25,519,702 US$2007: 43,030,269 US$2008: 49,460,552 US$2009: 48,850,414 US$2010: 45,890,278 US$2011: 52,110,120 US$2012: 45,635,184 US$2013: 63,787,684 US$2014: 92,419,676 US$2015: 84,952,814 US$2016: 95,225,659 US$2017: 105,179,558 US$2018: 127,983,533 US$2019: 151,185,245 US$2020: 174,938,409 US$2021: 206,107,624 US$2022: 190,208,505 US$2023: 204,382,472 US$2024: 217,179,323 US$
Change over the period: +216M (+14,378.62%) Average annual rate: 14.82 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea-Bissau

Guinea-Bissau 217M US$
World 857B US$
Sub-Saharan Africa 57.23B US$
Western Africa computed 32.37B US$
Remittances received — Guinea-Bissau, by year Guinea-Bissau All countries CSV XLSX
Year US$ Change Change, %
2024 217M +12.8M +6.26%
2023 204M +14.17M +7.45%
2022 190M −15.9M −7.71%
2021 206M +31.17M +17.82%
2020 175M +23.75M +15.71%
2019 151M +23.2M +18.13%
2018 128M +22.8M +21.68%
2017 105M +9.95M +10.45%
2016 95.23M +10.27M +12.09%
2015 84.95M −7.47M −8.08%
2014 92.42M +28.63M +44.89%
2013 63.79M +18.15M +39.78%
2012 45.64M −6.47M −12.43%
2011 52.11M +6.22M +13.55%
2010 45.89M −2.96M −6.06%
2009 48.85M −610,138 −1.23%
2008 49.46M +6.43M +14.94%
2007 43.03M +17.51M +68.62%
2006 25.52M +5.62M +28.25%
2005 19.9M −7.8M −28.16%
2004 27.7M +4.57M +19.77%
2003 23.13M +5.49M +31.16%
2002 17.63M +7.6M +75.82%
2001 10.03M +2.01M +25.02%
2000 8.02M +2.01M +33.37%
1999 6.01M +2.01M +50.09%
1998 4.01M +2.01M +100.35%
1997 2M +0 +0%
1996 2M +166,667 +9.09%
1995 1.83M +166,667 +10%
1994 1.67M +166,667 +11.11%
1993 1.5M +166,667 +12.5%
1992 1.33M +166,667 +14.29%
1991 1.17M +166,667 +16.67%
1990 1M −200,000 −16.67%
1989 1.2M −300,000 −20%
1988 1.5M

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.