Guinea-Bissau: Remittances

* indicates monthly or quarterly data series

Remittances, million USD

 Latest value 164.09
 Year 2021
 Measure million U.S. dollars
 Data availability 1988 - 2021
 Average 46.77
 Min - Max 1 - 164.09
 Source The World Bank
For that indicator, we provide data for Guinea-Bissau from 1988 to 2021. The average value for Guinea-Bissau during that period was 46.77 million U.S. dollars with a minimum of 1 million U.S. dollars in 1990 and a maximum of 164.09 million U.S. dollars in 2021. The latest value from 2021 is 164.09 million U.S. dollars. For comparison, the world average in 2021 based on 137 countries is 3632.84 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Guinea-Bissau - Remittances - recent values

Historical chart
Guinea-Bissau - Remittances - historical chart - 1988-2021

Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: 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. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 103.90 2021 percent
 Trade openness 43.64 2020 percent
 Exports, percent of GDP 14.39 2020 percent
 Exports, billion dollars 0.21 2020 billion U.S. dollars
 Growth of exports -14.63 2020 percent
 Imports, percent of GDP 29.25 2020 percent
 Imports, billion dollars 0.42 2020 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.34 2022 percent
 Foreign Direct Investment, billion dollars 0.02 2022 billion U.S. dollars
 Portfolio investment inflows, equities -0.23 2019 million dollars (current)
 Current account, percent of GDP -5.80 2022 percent
 Current account, in dollars -0.01 2021 billion U.S. dollars
 Trade balance, percent of GDP -14.86 2020 percent
 Trade balance, in dollars -0.18 2021 billion U.S. dollars
 Remittances, percent of GDP 10.90 2022 percent
 Remittances 164.09 2021 million U.S. dollars
 Net errors and omissions 11.34 2021 million USD
 External debt 61.68 2022 percent
 Short-term external debt 0.14 2022 percent
 Foreign exchange reserves 57.90 9/2022 billion
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