Workers' Remittances, Paid (USD) fell 38.6% to USD 23.6 mil in Guinea Bissau in 2016

Workers' Remittances, Paid (USD) (USD mil)
Economy | Guinea Bissau | February 1, 2019
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Workers' remittances paid reached 23.6 USD mil in 2016 in Guinea Bissau, according to the National Statistical Office. This is 38.6 % less than in the previous year.

Historically, workers' remittances paid in Guinea Bissau reached an all time high of 38.4 USD mil in 2015 and an all time low of 3.41 USD mil in 1995. When compared to Guinea Bissau's main peers, workers' remittances paid in Gambia amounted to 18.8 USD mil and 33.9 USD mil in Guinea in 2016.

Guinea Bissau has been ranked 142nd within the group of 154 countries we follow in terms of workers' remittances paid, 7 places behind the position seen 10 years ago.

Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.

Workers' Remittances, Paid (USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Algeria USD mil 30.9 44.2 38.7 296 72.1
Burkina Faso USD mil 42.0 71.4 149 160 181 ...
Gambia USD mil 91.4 66.1 69.6 25.2 20.3
Guinea USD mil 38.8 50.7 80.7 35.9 25.7
Guinea Bissau USD mil 30.0 25.0 34.5 36.5 38.4 ...
Liberia USD mil 307 435 395 364 340
Mali USD mil 129 111 134 147 ... ... ...
Mauritania USD mil ... ... ... 240 255 189 172 ...
Niger USD mil 112 90.7 91.5 147 101 ...
Senegal USD mil 209 221 280 300 ... ... ...
Sierra Leone USD mil 20.6 20.1 9.00 6.84 6.76 ...