Personal remittances, received in Guatemala
Guatemala: Personal remittances, received was 19.1% in 2024. ◆ Volatile
Personal remittances, received in Guatemala, 1977–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Guatemala stood at 19.1%.
Compared with earlier readings it is down 0.2% on the previous year and up 92.3% over ten years.
Over the whole period, personal remittances, received in Guatemala peaked at 19.2% in 2023 and was at its lowest, 0.0%, in 1987.
That places Guatemala 15th out of 196 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Guatemala, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 0.3% | — |
| 1978 | 0.4% | +39.3% |
| 1979 | 0.3% | -3.9% |
| 1980 | 0.3% | -2.7% |
| 1981 | 0.3% | -14.4% |
| 1982 | 0.1% | -56.9% |
| 1983 | 0.0% | -64.9% |
| 1984 | 0.0% | -16.7% |
| 1985 | 0.0% | -71.3% |
| 1986 | 0.0% | -5.9% |
| 1987 | 0.0% | -85.4% |
| 1988 | 0.6% | +41187.2% |
| 1989 | 1.0% | +73.4% |
| 1990 | 1.6% | +53.5% |
| 1991 | 1.9% | +22.6% |
| 1992 | 2.2% | +16.1% |
| 1993 | 2.1% | -4.4% |
| 1994 | 2.2% | +3.7% |
| 1995 | 2.4% | +11.3% |
| 1996 | 2.4% | -1.8% |
| 1997 | 2.3% | -4.2% |
| 1998 | 2.4% | +2.6% |
| 1999 | 2.5% | +8.0% |
| 2000 | 3.1% | +21.6% |
| 2001 | 3.4% | +11.4% |
| 2002 | 7.8% | +127.3% |
| 2003 | 10.0% | +27.1% |
| 2004 | 11.1% | +12.0% |
| 2005 | 11.4% | +2.7% |
| 2006 | 12.4% | +8.6% |
| 2007 | 12.6% | +1.4% |
| 2008 | 11.5% | -8.9% |
| 2009 | 10.8% | -6.2% |
| 2010 | 10.4% | -3.7% |
| 2011 | 9.7% | -6.9% |
| 2012 | 10.0% | +3.5% |
| 2013 | 10.0% | -0.0% |
| 2014 | 9.9% | -0.7% |
| 2015 | 10.4% | +4.8% |
| 2016 | 11.1% | +6.9% |
| 2017 | 11.7% | +5.1% |
| 2018 | 12.9% | +9.9% |
| 2019 | 13.8% | +7.3% |
| 2020 | 14.7% | +6.3% |
| 2021 | 17.8% | +21.4% |
| 2022 | 19.0% | +6.8% |
| 2023 | 19.2% | +0.6% |
| 2024 | 19.1% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | 0.3% | 0.4% | 3 |
| 1980s | 0.2% | 0.0% | 1.0% | 10 |
| 1990s | 2.2% | 1.6% | 2.5% | 10 |
| 2000s | 9.4% | 3.1% | 12.6% | 10 |
| 2010s | 11.0% | 9.7% | 13.8% | 10 |
| 2020s | 18.0% | 14.7% | 19.2% | 5 |
Countries ranked near Guatemala
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.1319 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 870.59 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 1.01 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 6,686 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0972 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 641.11 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 4,631 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.51 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Guatemala?
- Personal remittances, received in Guatemala was 19.1% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Guatemala?
- The highest recorded value was 19.2% in 2023.
- What is the lowest personal remittances, received recorded in Guatemala?
- The lowest recorded value was 0.0% in 1987.
- How does Guatemala rank for personal remittances, received?
- Guatemala ranks 15th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Guatemala?
- Over the last ten years it is up 92.3%. The long-run trend across the full record is volatile.
- Where does this Guatemala data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). 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.