Workers' remittances, payments (BoP, current US$) in Guinea-Bissau
Guinea-Bissau: Workers' remittances, payments (BoP, current US$) was 19.41 million BoP, current US$ in 2010. ◆ Volatile
Workers' remittances, payments in Guinea-Bissau, 2005–2010
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
In 2010, workers' remittances, payments in Guinea-Bissau stood at 19.41 million BoP, current US$.
That represents a change of down 3.3% on the previous year and up 282.0% over ten years.
Guinea-Bissau ranks 24th of 34 countries on this measure, in the middle of the range.
Workers' remittances, payments (BoP, current US$) in Guinea-Bissau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 5.08 million BoP, current US$ | — |
| 2006 | 4.02 million BoP, current US$ | -21.0% |
| 2007 | 4.17 million BoP, current US$ | +3.9% |
| 2008 | 16.43 million BoP, current US$ | +293.6% |
| 2009 | 20.07 million BoP, current US$ | +22.2% |
| 2010 | 19.41 million BoP, current US$ | -3.3% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 19.41 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 32.47 million BoP, current US$, 60% of the median. (28 countries reporting)
- Guinea-Bissau's 19.41 million BoP, current US$ is below the median for low income countries, which is 29.57 million BoP, current US$, 66% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.95 million BoP, current US$ | 4.02 million BoP, current US$ | 20.07 million BoP, current US$ | 5 |
| 2010s | 19.41 million BoP, current US$ | 19.41 million BoP, current US$ | 19.41 million BoP, current US$ | 1 |
Countries ranked near Guinea-Bissau
More trade data for Guinea-Bissau
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- Commodity Net Export Price Index, Individual Commodities Weighted by 101.41 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 92.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.85 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 68.93 (2025)
- Imports of low carbon technology products, Percent of GDP 0.1969 (2018)
- Imports of low carbon technology products, US dollar (World), per 1.59 units per person (2018)
- Imports of low carbon technology products, US dollar (World), per 0.002 units per US$ of GDP (2018)
- Imports of low carbon technology products, US dollar (World), gaps 3.06 million (2018)
Frequently asked questions
- What is workers' remittances, payments in Guinea-Bissau?
- Workers' remittances, payments in Guinea-Bissau was 19.41 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, payments recorded in Guinea-Bissau?
- The highest recorded value was 20.07 million BoP, current US$ in 2009.
- What is the lowest workers' remittances, payments recorded in Guinea-Bissau?
- The lowest recorded value was 4.02 million BoP, current US$ in 2006.
- How does Guinea-Bissau rank for workers' remittances, payments?
- Guinea-Bissau ranks 24th out of 34 countries with data for 2010.
- Is workers' remittances, payments rising or falling in Guinea-Bissau?
- Over the last ten years it is up 282.0%. The long-run trend across the full record is volatile.
- 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, payments (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. This item shows payments by the reporting country. Data are in current U.S. dollars.