Volume of remittances (in United States dollars) as a proportion of in Guinea-Bissau
Guinea-Bissau: Volume of remittances (in United States dollars) as a proportion of was 9.8% in 2024. ▲ Rising
Latest (2024)
9.8%
Change on year
up 1.9%
World rank
34th
of 203 countries
All-time high
10.8%
in 2021
All-time low
2.0%
in 2000
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Guinea-Bissau, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Guinea-Bissau is 9.8%, measured in 2024.
The figure is up 1.9% on the previous year and up 20.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Guinea-Bissau peaked at 10.8% in 2021 and was at its lowest, 2.0%, in 2000.
That places Guinea-Bissau 34th out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Guinea-Bissau, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.0% | — |
| 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% | -5.3% |
| 2023 | 9.6% | -6.1% |
| 2024 | 9.8% | +1.9% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 9.8% is above the median for low income countries, which is 3.8%, 2.6× the median. (18 countries reporting)
- Guinea-Bissau's 9.8% is above the median for Sub-Saharan Africa, which is 2.9%, 3.4× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.1% | 2.0% | 5.7% | 10 |
| 2010s | 6.8% | 4.3% | 9.5% | 10 |
| 2020s | 10.1% | 9.6% | 10.8% | 5 |
Countries ranked near Guinea-Bissau
- 31 Republic of Moldova 10.5% compare
- 31 Moldova 10.5% compare
- 33 Montenegro 10.3% compare
- 35 Sao Tome and Principe 9.7% compare
- 36 Pakistan 9.4% compare
- 37 Dominican Republic 9.0% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 389,069 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0002 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.1767 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 26.65 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0121 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 12.11 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 8.88 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Guinea-Bissau?
- Volume of remittances (in united states dollars) as a proportion of in Guinea-Bissau was 9.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Guinea-Bissau?
- The highest recorded value was 10.8% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Guinea-Bissau?
- The lowest recorded value was 2.0% in 2000.
- How does Guinea-Bissau rank for volume of remittances (in united states dollars) as a proportion of?
- Guinea-Bissau ranks 34th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Guinea-Bissau?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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