Personal remittances, received in Guinea
Guinea: Personal remittances, received was 616.42 million current US$ in 2024. ◆ Volatile
Personal remittances, received in Guinea, 1986–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, personal remittances, received in Guinea stood at 616.42 million current US$. That is the highest value across all 39 years on record.
That represents a change of up 24.1% on the previous year and up 407.7% over ten years.
Over the whole period, personal remittances, received in Guinea peaked at 616.42 million current US$ in 2024 and was at its lowest, 70,000 current US$, in 1986.
Guinea ranks 114th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1986 | 70,000 current US$ | — |
| 1987 | 70,000 current US$ | +0.0% |
| 1988 | 26.71 million current US$ | +38057.1% |
| 1989 | 22.34 million current US$ | -16.4% |
| 1990 | 17.97 million current US$ | -19.6% |
| 1991 | 13.60 million current US$ | -24.3% |
| 1992 | 9.23 million current US$ | -32.1% |
| 1993 | 4.86 million current US$ | -47.3% |
| 1994 | 490,000 current US$ | -89.9% |
| 1995 | 740,000 current US$ | +51.0% |
| 1996 | 1.07 million current US$ | +44.9% |
| 1997 | 1.48 million current US$ | +38.1% |
| 1998 | 4.98 million current US$ | +236.5% |
| 1999 | 6.02 million current US$ | +20.8% |
| 2000 | 1.17 million current US$ | -80.6% |
| 2001 | 8.72 million current US$ | +647.2% |
| 2002 | 15.19 million current US$ | +74.3% |
| 2003 | 111.05 million current US$ | +631.0% |
| 2004 | 41.64 million current US$ | -62.5% |
| 2005 | 41.57 million current US$ | -0.2% |
| 2006 | 29.50 million current US$ | -29.0% |
| 2007 | 15.07 million current US$ | -48.9% |
| 2008 | 61.52 million current US$ | +308.2% |
| 2009 | 52.03 million current US$ | -15.4% |
| 2010 | 46.26 million current US$ | -11.1% |
| 2011 | 64.50 million current US$ | +39.4% |
| 2012 | 66.30 million current US$ | +2.8% |
| 2013 | 93.01 million current US$ | +40.3% |
| 2014 | 121.43 million current US$ | +30.6% |
| 2015 | 130.58 million current US$ | +7.5% |
| 2016 | 52.17 million current US$ | -60.0% |
| 2017 | 44.66 million current US$ | -14.4% |
| 2018 | 28.43 million current US$ | -36.3% |
| 2019 | 158.13 million current US$ | +456.2% |
| 2020 | 22.53 million current US$ | -85.8% |
| 2021 | 343.91 million current US$ | +1426.5% |
| 2022 | 527.28 million current US$ | +53.3% |
| 2023 | 496.84 million current US$ | -5.8% |
| 2024 | 616.42 million current US$ | +24.1% |
Guinea compared with similar countries
- Guinea's 616.42 million current US$ is below the median for lower middle income countries, which is 1.12 billion current US$, 55% of the median. (47 countries reporting)
- Guinea's 616.42 million current US$ is above the median for Sub-Saharan Africa, which is 406.26 million current US$, 1.5× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +38057.1% | 70,000 current US$ | 26.71 million current US$ |
| 2021 | +1426.5% | 22.53 million current US$ | 343.91 million current US$ |
| 2001 | +647.2% | 1.17 million current US$ | 8.72 million current US$ |
| 2003 | +631.0% | 15.19 million current US$ | 111.05 million current US$ |
| 2019 | +456.2% | 28.43 million current US$ | 158.13 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.30 million current US$ | 70,000 current US$ | 26.71 million current US$ | 4 |
| 1990s | 6.04 million current US$ | 490,000 current US$ | 17.97 million current US$ | 10 |
| 2000s | 37.74 million current US$ | 1.17 million current US$ | 111.05 million current US$ | 10 |
| 2010s | 80.55 million current US$ | 28.43 million current US$ | 158.13 million current US$ | 10 |
| 2020s | 401.40 million current US$ | 22.53 million current US$ | 616.42 million current US$ | 5 |
Countries ranked near Guinea
- 111 Togo 650.39 million current US$ compare
- 112 Panama 634.45 million current US$ compare
- 113 New Caledonia 621.06 million current US$ compare
- 115 Burkina Faso 595.25 million current US$ compare
- 116 French Polynesia 581.56 million current US$ compare
- 117 Greece 561.45 million current US$ compare
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Guinea?
- Personal remittances, received in Guinea was 616.42 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Guinea?
- The highest recorded value was 616.42 million current US$ in 2024.
- What is the lowest personal remittances, received recorded in Guinea?
- The lowest recorded value was 70,000 current US$ in 1986.
- How does Guinea rank for personal remittances, received?
- Guinea ranks 114th out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Guinea?
- Over the last ten years it is up 407.7%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.