Migrant remittance outflows in Guinea
Guinea: Migrant remittance outflows was 42.98 million current US$ in 2011. ◆ Volatile
Latest (2011)
42.98 million current US$
Change on year
down 0.9%
World rank
24th
of 49 countries
All-time high
119.43 million current US$
in 2007
All-time low
10.43 million current US$
in 1995
Years of data
26
1986–2011
Migrant remittance outflows in Guinea, 1986–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
In 2011, migrant remittance outflows in Guinea stood at 42.98 million current US$.
The figure is down 0.9% on the previous year and up 16.7% over ten years.
Over the whole period, migrant remittance outflows in Guinea peaked at 119.43 million current US$ in 2007 and was at its lowest, 10.43 million current US$, in 1995.
Guinea ranks 24th of 49 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Migrant remittance outflows in Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1986 | 11.75 million current US$ | — |
| 1987 | 11.72 million current US$ | -0.3% |
| 1988 | 19.73 million current US$ | +68.3% |
| 1989 | 18.33 million current US$ | -7.1% |
| 1990 | 20.40 million current US$ | +11.3% |
| 1991 | 20.94 million current US$ | +2.6% |
| 1992 | 21.57 million current US$ | +3.0% |
| 1993 | 19.92 million current US$ | -7.6% |
| 1994 | 22.24 million current US$ | +11.6% |
| 1995 | 10.43 million current US$ | -53.1% |
| 1996 | 11.26 million current US$ | +8.0% |
| 1997 | 14.40 million current US$ | +27.9% |
| 1998 | 22.93 million current US$ | +59.2% |
| 1999 | 17.93 million current US$ | -21.8% |
| 2000 | 26.91 million current US$ | +50.1% |
| 2001 | 36.83 million current US$ | +36.9% |
| 2002 | 17.81 million current US$ | -51.6% |
| 2003 | 46.38 million current US$ | +160.4% |
| 2004 | 47.95 million current US$ | +3.4% |
| 2005 | 59.86 million current US$ | +24.8% |
| 2006 | 51.60 million current US$ | -13.8% |
| 2007 | 119.43 million current US$ | +131.5% |
| 2008 | 55.51 million current US$ | -53.5% |
| 2009 | 44.87 million current US$ | -19.2% |
| 2010 | 43.38 million current US$ | -3.3% |
| 2011 | 42.98 million current US$ | -0.9% |
Guinea compared with similar countries
- Guinea's 42.98 million current US$ is below the median for lower middle income countries, which is 50.04 million current US$, 86% of the median. (24 countries reporting)
- Guinea's 42.98 million current US$ is above the median for Sub-Saharan Africa, which is 30.76 million current US$, 1.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.38 million current US$ | 11.72 million current US$ | 19.73 million current US$ | 4 |
| 1990s | 18.20 million current US$ | 10.43 million current US$ | 22.93 million current US$ | 10 |
| 2000s | 50.72 million current US$ | 17.81 million current US$ | 119.43 million current US$ | 10 |
| 2010s | 43.18 million current US$ | 42.98 million current US$ | 43.38 million current US$ | 2 |
Countries ranked near Guinea
More trade data for Guinea
- Commodity Net Export Price Index, Individual Commodities Weighted by 123.62 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 104.13 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 101.95 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 116.29 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.91 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 67.49 (2025)
- Imports of low carbon technology products, Percent of GDP 0.7535 (2016)
- Imports of low carbon technology products, US dollar (World), per 5.37 units per person (2016)
- Imports of low carbon technology products, US dollar (World), per 0.0075 units per US$ of GDP (2016)
- Exports of low carbon technology products, US dollar (World), gaps 2.94 million (2016)
Frequently asked questions
- What is migrant remittance outflows in Guinea?
- Migrant remittance outflows in Guinea was 42.98 million current US$ in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008.
- What is the highest migrant remittance outflows recorded in Guinea?
- The highest recorded value was 119.43 million current US$ in 2007.
- What is the lowest migrant remittance outflows recorded in Guinea?
- The lowest recorded value was 10.43 million current US$ in 1995.
- How does Guinea rank for migrant remittance outflows?
- Guinea ranks 24th out of 49 countries with data for 2011.
- Is migrant remittance outflows rising or falling in Guinea?
- Over the last ten years it is up 16.7%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, published as part of Migrant remittance outflows (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Migrants’ remittances are defined as the sum of worker’s remittances,