Volume of remittances (in United States dollars) as a proportion of in Guinea
Guinea: Volume of remittances (in United States dollars) as a proportion of was 2.5% in 2024. ◆ Volatile
Volume of remittances (in United States dollars) as a proportion of in Guinea, 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 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, volume of remittances (in united states dollars) as a proportion of in Guinea peaked at 2.6% in 2022 and was at its lowest, 0.0%, in 2000.
That places Guinea 100th out of 203 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.
Volume of remittances (in United States dollars) as a proportion of in Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.0% | — |
| 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% |
Guinea compared with similar countries
- Guinea's 2.5% is below the median for lower middle income countries, which is 6.1%, 40% of the median. (43 countries reporting)
- Guinea's 2.5% is below the median for Sub-Saharan Africa, which is 2.9%, 85% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1159.9% | 0.2% | 2.0% |
| 2001 | +691.0% | 0.0% | 0.2% |
| 2003 | +525.8% | 0.4% | 2.2% |
| 2019 | +390.6% | 0.2% | 1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 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
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Guinea?
- Volume of remittances (in united states dollars) as a proportion of in Guinea was 2.5% 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?
- The highest recorded value was 2.6% in 2022.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Guinea?
- The lowest recorded value was 0.0% in 2000.
- How does Guinea rank for volume of remittances (in united states dollars) as a proportion of?
- Guinea ranks 100th 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?
- 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 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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