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.