Workers' remittances, net in Guinea-Bissau

Guinea-Bissau: Workers' remittances, net was 24.50 million BoP, current US$ in 2010. ▲ Rising

Latest (2010)
24.50 million BoP, current US$
Change on year
down 14.9%
World rank
23rd
of 39 countries
All-time high
38.86 million BoP, current US$
in 2007
All-time low
14.52 million BoP, current US$
in 2005
Years of data
6
2005–2010

Workers' remittances, net in Guinea-Bissau, 2005–2010

010.0M20.0M30.0M40.0M2005200720102005: 14.5M BoP, current US$2006: 21.5M BoP, current US$2007: 38.9M BoP, current US$2008: 33.0M BoP, current US$2009: 28.8M BoP, current US$2010: 24.5M BoP, current US$

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.

Analysis

The most recent figure for workers' remittances, net in Guinea-Bissau is 24.50 million BoP, current US$, measured in 2010.

The figure is down 14.9% on the previous year and up 68.8% over ten years.

That places Guinea-Bissau 23rd out of 39 countries with data for 2010, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 27.34 million BoP, current US$ 14.52 million BoP, current US$ 38.86 million BoP, current US$ 5
2010s 24.50 million BoP, current US$ 24.50 million BoP, current US$ 24.50 million BoP, current US$ 1

Countries ranked near Guinea-Bissau

  1. 20 Burundi 35.90 million BoP, current US$ compare
  2. 21 Guinea 31.34 million BoP, current US$ compare
  3. 22 Niger 30.67 million BoP, current US$ compare
  4. 24 Tanzania 18.67 million BoP, current US$ compare
  5. 25 Burkina Faso 11.33 million BoP, current US$ compare
  6. 26 Seychelles 7.03 million BoP, current US$ compare

See the full ranking of 39 places →

More trade data for Guinea-Bissau

All data for Guinea-Bissau →

Frequently asked questions

What is workers' remittances, net in Guinea-Bissau?
Workers' remittances, net in Guinea-Bissau was 24.50 million BoP, current US$ in 2010, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
What is the highest workers' remittances, net recorded in Guinea-Bissau?
The highest recorded value was 38.86 million BoP, current US$ in 2007.
What is the lowest workers' remittances, net recorded in Guinea-Bissau?
The lowest recorded value was 14.52 million BoP, current US$ in 2005.
How does Guinea-Bissau rank for workers' remittances, net?
Guinea-Bissau ranks 23rd out of 39 countries with data for 2010.
Is workers' remittances, net rising or falling in Guinea-Bissau?
Over the last ten years it is up 68.8%. The long-run trend across the full record is rising.
Where does this Guinea-Bissau data come from?
The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Workers' remittances, net (BoP, current US$). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Workers' remittances, net (BoP, current US$)
Unit
BoP, current US$
Source
International Monetary Fund, Balance of Payments Statistics Yearbook and data files
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
39 places, 262 data points, 2005–2011
Last refreshed

Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. Data are in current U.S. dollars.