Volume of remittances (in United States dollars) as a proportion of in Guyana
Guyana: Volume of remittances (in United States dollars) as a proportion of was 3.2% in 2023. ◆ Volatile
Volume of remittances (in United States dollars) as a proportion of in Guyana, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, volume of remittances (in united states dollars) as a proportion of in Guyana stood at 3.2%.
The figure is down 12.0% on the previous year and down 59.0% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Guyana peaked at 24.4% in 2005 and was at its lowest, 3.1%, in 2001.
Guyana ranks 86th of 203 countries on this measure, 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 Guyana, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.8% | — |
| 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% |
Guyana compared with similar countries
- Guyana's 3.2% is above the median for high income countries, which is 0.7%, 4.4× the median. (66 countries reporting)
- Guyana's 3.2% is above the median for Latin America & Caribbean, which is 2.8%, 1.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Guyana 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 |
|---|---|---|---|
| 2002 | +124.3% | 3.1% | 7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.70 million BoP, current US$ (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$), per capita 6.86 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 8.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 860.28 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3499 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 10,383 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.31 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Guyana?
- Volume of remittances (in united states dollars) as a proportion of in Guyana was 3.2% in 2023, 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 Guyana?
- The highest recorded value was 24.4% in 2005.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Guyana?
- The lowest recorded value was 3.1% in 2001.
- How does Guyana rank for volume of remittances (in united states dollars) as a proportion of?
- Guyana ranks 86th out of 203 countries with data for 2023.
- Is volume of remittances (in united states dollars) as a proportion of 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 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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