Personal remittances, received in Guinea
Guinea: Personal remittances, received was 2.5% in 2024. ◆ Volatile
Personal remittances, received in Guinea, 1986–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Guinea is 2.5%, measured in 2024.
Compared with earlier readings it is up 11.2% on the previous year and up 78.2% over ten years.
Over the whole period, personal remittances, received in Guinea peaked at 2.6% in 2022 and was at its lowest, 0.0%, in 1987.
That places Guinea 94th out of 195 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 in Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1986 | 0.0% | — |
| 1987 | 0.0% | -2.3% |
| 1988 | 0.8% | +32571.8% |
| 1989 | 0.6% | -18.0% |
| 1990 | 0.5% | -26.6% |
| 1991 | 0.3% | -33.1% |
| 1992 | 0.2% | -37.7% |
| 1993 | 0.1% | -47.3% |
| 1994 | 0.0% | -90.2% |
| 1995 | 0.0% | +38.3% |
| 1996 | 0.0% | +38.3% |
| 1997 | 0.0% | +41.2% |
| 1998 | 0.1% | +254.8% |
| 1999 | 0.1% | +25.2% |
| 2000 | 0.0% | -77.6% |
| 2001 | 0.2% | +691.0% |
| 2002 | 0.4% | +67.1% |
| 2003 | 2.2% | +525.8% |
| 2004 | 0.8% | -64.5% |
| 2005 | 1.0% | +23.6% |
| 2006 | 0.7% | -28.0% |
| 2007 | 0.2% | -65.7% |
| 2008 | 0.9% | +268.2% |
| 2009 | 0.8% | -12.3% |
| 2010 | 0.7% | -12.9% |
| 2011 | 1.0% | +40.8% |
| 2012 | 0.9% | -8.7% |
| 2013 | 1.1% | +27.9% |
| 2014 | 1.4% | +24.6% |
| 2015 | 1.5% | +7.3% |
| 2016 | 0.6% | -59.1% |
| 2017 | 0.4% | -28.7% |
| 2018 | 0.2% | -44.6% |
| 2019 | 1.2% | +390.6% |
| 2020 | 0.2% | -86.4% |
| 2021 | 2.0% | +1159.9% |
| 2022 | 2.6% | +31.4% |
| 2023 | 2.2% | -16.3% |
| 2024 | 2.5% | +11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4% | 0.0% | 0.8% | 4 |
| 1990s | 0.1% | 0.0% | 0.5% | 10 |
| 2000s | 0.7% | 0.0% | 2.2% | 10 |
| 2010s | 0.9% | 0.2% | 1.5% | 10 |
| 2020s | 1.9% | 0.2% | 2.6% | 5 |
Countries ranked near Guinea
- 91 Burkina Faso 2.6% compare
- 92 Romania 2.5% compare
- 93 Belarus 2.5% compare
- 95 North Macedonia 2.4% compare
- 96 Saint Lucia 2.4% compare
- 97 Hungary 2.3% 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)
- Manufacturing, value added (constant LCU), per capita 541,357 constant LCU per person (2022)
- Industry (including construction), value added (current US$), annual 14.59 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2539 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 476.67 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 15.35 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 2,193 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4.12 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 10.77 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Guinea?
- Personal remittances, received in Guinea was 2.5% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Guinea?
- The highest recorded value was 2.6% in 2022.
- What is the lowest personal remittances, received recorded in Guinea?
- The lowest recorded value was 0.0% in 1987.
- How does Guinea rank for personal remittances, received?
- Guinea ranks 94th out of 195 countries with data for 2024.
- Is personal remittances, received rising or falling in Guinea?
- Over the last ten years it is up 78.2%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.