Personal remittances, received in Guyana
Guyana: Personal remittances, received was 3.2% in 2023. ◆ Volatile
Personal remittances, received in Guyana, 1982–2023
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Guyana recorded 3.2% for personal remittances, received in 2023.
That represents a change of down 12.0% on the previous year and down 59.0% over ten years.
Over the whole period, personal remittances, received in Guyana peaked at 24.4% in 2005 and was at its lowest, 0.2%, in 1983.
That places Guyana 81st out of 195 countries with data for 2023, 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 Guyana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 0.5% | — |
| 1983 | 0.2% | -50.0% |
| 1984 | 0.6% | +150.1% |
| 1992 | 0.3% | -54.2% |
| 1993 | 0.3% | -2.4% |
| 1994 | 0.2% | -7.8% |
| 1995 | 0.3% | +11.3% |
| 1996 | 2.1% | +656.8% |
| 1997 | 2.0% | -3.3% |
| 1998 | 2.0% | -2.6% |
| 1999 | 3.0% | +51.2% |
| 2000 | 3.8% | +29.8% |
| 2001 | 3.1% | -18.3% |
| 2002 | 7.0% | +124.3% |
| 2003 | 13.4% | +90.3% |
| 2004 | 19.4% | +45.3% |
| 2005 | 24.4% | +25.6% |
| 2006 | 9.2% | -62.4% |
| 2007 | 10.2% | +11.3% |
| 2008 | 9.1% | -11.2% |
| 2009 | 8.3% | -8.6% |
| 2010 | 10.7% | +29.4% |
| 2011 | 11.2% | +4.2% |
| 2012 | 11.5% | +3.4% |
| 2013 | 7.9% | -31.8% |
| 2014 | 8.0% | +1.4% |
| 2015 | 7.1% | -11.4% |
| 2016 | 7.2% | +1.8% |
| 2017 | 6.8% | -5.7% |
| 2018 | 7.0% | +2.7% |
| 2019 | 7.4% | +5.5% |
| 2020 | 8.1% | +9.7% |
| 2021 | 6.9% | -14.6% |
| 2022 | 3.7% | -46.8% |
| 2023 | 3.2% | -12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4% | 0.2% | 0.6% | 3 |
| 1990s | 1.3% | 0.2% | 3.0% | 8 |
| 2000s | 10.8% | 3.1% | 24.4% | 10 |
| 2010s | 8.5% | 6.8% | 11.5% | 10 |
| 2020s | 5.5% | 3.2% | 8.1% | 4 |
Countries ranked near Guyana
More economy & growth data for Guyana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 11.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 11.93 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 121,510 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 8.51 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.7509 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 24,339 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.51 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 156.56 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 5.07 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 21.34 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Guyana?
- Personal remittances, received in Guyana was 3.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Guyana?
- The highest recorded value was 24.4% in 2005.
- What is the lowest personal remittances, received recorded in Guyana?
- The lowest recorded value was 0.2% in 1983.
- How does Guyana rank for personal remittances, received?
- Guyana ranks 81st out of 195 countries with data for 2023.
- Is personal remittances, received rising or falling in Guyana?
- Over the last ten years it is down 59.0%. The long-run trend across the full record is volatile.
- Where does this Guyana 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.