Personal remittances, received (current US$) (Personal IMF balance) in Guinea-Bissau
Guinea-Bissau: Personal remittances, received (current US$) (Personal IMF balance) was 217.18 million current US$ in 2024. ◆ Volatile
Personal remittances, received in Guinea-Bissau, 1988–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Guinea-Bissau recorded 217.18 million current US$ for personal remittances, received in 2024. That is the highest value across all 37 years on record.
That represents a change of up 6.3% on the previous year and up 135.0% over ten years.
Over the whole period, personal remittances, received in Guinea-Bissau peaked at 217.18 million current US$ in 2024 and was at its lowest, 1.00 million current US$, in 1990.
That places Guinea-Bissau 144th out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$) (Personal IMF balance) in Guinea-Bissau, year by year
| Year | current US$ | Change |
|---|---|---|
| 1988 | 1.50 million current US$ | — |
| 1989 | 1.20 million current US$ | -20.0% |
| 1990 | 1.00 million current US$ | -16.7% |
| 1991 | 1.17 million current US$ | +16.7% |
| 1992 | 1.33 million current US$ | +14.3% |
| 1993 | 1.50 million current US$ | +12.5% |
| 1994 | 1.67 million current US$ | +11.1% |
| 1995 | 1.83 million current US$ | +10.0% |
| 1996 | 2.00 million current US$ | +9.1% |
| 1997 | 2.00 million current US$ | +0.0% |
| 1998 | 4.01 million current US$ | +100.4% |
| 1999 | 6.01 million current US$ | +50.1% |
| 2000 | 8.02 million current US$ | +33.4% |
| 2001 | 10.03 million current US$ | +25.0% |
| 2002 | 17.63 million current US$ | +75.8% |
| 2003 | 23.13 million current US$ | +31.2% |
| 2004 | 27.70 million current US$ | +19.8% |
| 2005 | 19.90 million current US$ | -28.2% |
| 2006 | 25.52 million current US$ | +28.2% |
| 2007 | 43.03 million current US$ | +68.6% |
| 2008 | 49.46 million current US$ | +14.9% |
| 2009 | 48.85 million current US$ | -1.2% |
| 2010 | 45.89 million current US$ | -6.1% |
| 2011 | 52.11 million current US$ | +13.6% |
| 2012 | 45.64 million current US$ | -12.4% |
| 2013 | 63.79 million current US$ | +39.8% |
| 2014 | 92.42 million current US$ | +44.9% |
| 2015 | 84.95 million current US$ | -8.1% |
| 2016 | 95.23 million current US$ | +12.1% |
| 2017 | 105.18 million current US$ | +10.5% |
| 2018 | 127.98 million current US$ | +21.7% |
| 2019 | 151.19 million current US$ | +18.1% |
| 2020 | 174.94 million current US$ | +15.7% |
| 2021 | 206.11 million current US$ | +17.8% |
| 2022 | 190.21 million current US$ | -7.7% |
| 2023 | 204.38 million current US$ | +7.5% |
| 2024 | 217.18 million current US$ | +6.3% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 217.18 million current US$ is below the median for low income countries, which is 616.37 million current US$, 35% of the median. (23 countries reporting)
- Guinea-Bissau's 217.18 million current US$ is below the median for Sub-Saharan Africa, which is 403.52 million current US$, 54% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.35 million current US$ | 1.20 million current US$ | 1.50 million current US$ | 2 |
| 1990s | 2.25 million current US$ | 1.00 million current US$ | 6.01 million current US$ | 10 |
| 2000s | 27.33 million current US$ | 8.02 million current US$ | 49.46 million current US$ | 10 |
| 2010s | 86.44 million current US$ | 45.64 million current US$ | 151.19 million current US$ | 10 |
| 2020s | 198.56 million current US$ | 174.94 million current US$ | 217.18 million current US$ | 5 |
Countries ranked near Guinea-Bissau
- 141 Mozambique 265.36 million current US$ compare
- 142 Iceland 264.63 million current US$ compare
- 143 Kazakhstan 236.76 million current US$ compare
- 145 Trinidad and Tobago 199.56 million current US$ compare
- 146 Vanuatu 197.83 million current US$ compare
- 147 East Timor 189.94 million current US$ compare
More economy & growth data for Guinea-Bissau
- Real gdp growth, annual growth rate 13.04 % change on previous year (2023)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 8.52 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0357 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 40.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate 3.34 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 29.26 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.94 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Guinea-Bissau?
- Personal remittances, received in Guinea-Bissau was 217.18 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Guinea-Bissau?
- The highest recorded value was 217.18 million current US$ in 2024.
- What is the lowest personal remittances, received recorded in Guinea-Bissau?
- The lowest recorded value was 1.00 million current US$ in 1990.
- How does Guinea-Bissau rank for personal remittances, received?
- Guinea-Bissau ranks 144th out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Guinea-Bissau?
- Over the last ten years it is up 135.0%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.