Workers' remittances, net in Guinea
Guinea: Workers' remittances, net was 31.34 million BoP, current US$ in 2011. ◆ Volatile
Workers' remittances, net in Guinea, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
The most recent figure for workers' remittances, net in Guinea is 31.34 million BoP, current US$, measured in 2011. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 146.6% on the previous year and up 292.6% over ten years.
That places Guinea 21st out of 39 countries with data for 2011, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.23 million BoP, current US$ | -19.31 million BoP, current US$ | 23.84 million BoP, current US$ | 5 |
| 2010s | 22.02 million BoP, current US$ | 12.71 million BoP, current US$ | 31.34 million BoP, current US$ | 2 |
Countries ranked near Guinea
- 18 Gambia 59.25 million BoP, current US$ compare
- 19 Sierra Leone 37.07 million BoP, current US$ compare
- 20 Burundi 35.90 million BoP, current US$ compare
- 22 Niger 30.67 million BoP, current US$ compare
- 23 Guinea-Bissau 24.50 million BoP, current US$ compare
- 24 Tanzania 18.67 million BoP, current US$ compare
More trade data for Guinea
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 9.00 million FAO, current US$ (2010)
- Food imports excluding fish 374.37 million FAO, current US$ (2010)
- Total agricultural imports 423.82 million FAO, current US$ (2010)
- Cereal imports 148.75 million FAO, current US$ (2010)
- Cereal imports quantity 433,586 FAO, tonnes (2010)
- Total agricultural exports 91.30 million FAO, current US$ (2010)
- Cereal exports 3.75 million FAO, current US$ (2010)
- Cereal exports quantity 10,056 FAO, tonnes (2010)
- Merchandise exports, WB 806.60 million current US$ (2005)
Frequently asked questions
- What is workers' remittances, net in Guinea?
- Workers' remittances, net in Guinea was 31.34 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest workers' remittances, net recorded in Guinea?
- The highest recorded value was 31.34 million BoP, current US$ in 2011.
- What is the lowest workers' remittances, net recorded in Guinea?
- The lowest recorded value was -19.31 million BoP, current US$ in 2007.
- How does Guinea rank for workers' remittances, net?
- Guinea ranks 21st out of 39 countries with data for 2011.
- Is workers' remittances, net rising or falling in Guinea?
- Over the last ten years it is up 292.6%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.
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About this data
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.