Personal remittances, received in Guinea-Bissau
Guinea-Bissau: Personal remittances, received was 9.9% in 2024. ◆ Volatile
Personal remittances, received in Guinea-Bissau, 1988–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Guinea-Bissau is 9.9%, measured in 2024.
That represents a change of up 0.4% on the previous year and up 21.4% over ten years.
Over the whole period, personal remittances, received in Guinea-Bissau peaked at 10.8% in 2021 and was at its lowest, 0.2%, in 1990.
Guinea-Bissau ranks 32nd of 196 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Guinea-Bissau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1988 | 0.4% | — |
| 1989 | 0.2% | -38.3% |
| 1990 | 0.2% | -27.2% |
| 1991 | 0.2% | +10.7% |
| 1992 | 0.2% | +29.9% |
| 1993 | 0.2% | +7.5% |
| 1994 | 0.3% | +11.7% |
| 1995 | 0.3% | +2.1% |
| 1996 | 0.3% | +2.5% |
| 1997 | 0.3% | +0.7% |
| 1998 | 0.7% | +136.6% |
| 1999 | 1.0% | +53.1% |
| 2000 | 2.0% | +97.5% |
| 2001 | 2.4% | +18.6% |
| 2002 | 3.8% | +55.4% |
| 2003 | 4.2% | +10.6% |
| 2004 | 4.8% | +13.9% |
| 2005 | 3.1% | -34.6% |
| 2006 | 4.0% | +29.3% |
| 2007 | 5.7% | +42.1% |
| 2008 | 5.2% | -9.1% |
| 2009 | 5.5% | +5.7% |
| 2010 | 4.9% | -11.1% |
| 2011 | 4.5% | -7.7% |
| 2012 | 4.3% | -3.4% |
| 2013 | 5.7% | +32.2% |
| 2014 | 8.1% | +41.6% |
| 2015 | 7.4% | -9.4% |
| 2016 | 7.6% | +3.7% |
| 2017 | 7.2% | -6.4% |
| 2018 | 8.2% | +15.1% |
| 2019 | 9.5% | +15.0% |
| 2020 | 10.3% | +8.3% |
| 2021 | 10.8% | +5.3% |
| 2022 | 10.2% | -5.2% |
| 2023 | 9.8% | -4.0% |
| 2024 | 9.9% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3% | 0.2% | 0.4% | 2 |
| 1990s | 0.4% | 0.2% | 1.0% | 10 |
| 2000s | 4.1% | 2.0% | 5.7% | 10 |
| 2010s | 6.8% | 4.3% | 9.5% | 10 |
| 2020s | 10.2% | 9.8% | 10.8% | 5 |
Countries ranked near Guinea-Bissau
- 29 French Polynesia 10.6% compare
- 30 Timor-Leste 10.0% compare
- 31 Pakistan 9.9% compare
- 33 Dominican Republic 9.7% compare
- 34 Montenegro 9.7% compare
- 35 Sao Tome and Principe 9.7% compare
More economy & growth data for Guinea-Bissau
- 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)
- Final consumption expenditure (constant 2015 US$), per capita 768.68 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.19 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.13 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 1,272 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 8.63 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 658.43 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 739,922 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 4.12 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Guinea-Bissau?
- Personal remittances, received in Guinea-Bissau was 9.9% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Guinea-Bissau?
- The highest recorded value was 10.8% in 2021.
- What is the lowest personal remittances, received recorded in Guinea-Bissau?
- The lowest recorded value was 0.2% in 1990.
- How does Guinea-Bissau rank for personal remittances, received?
- Guinea-Bissau ranks 32nd out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Guinea-Bissau?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau 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.