Workers' remittances paid reached 22.9 USD mil in 2018 in Guinea, according to the National Statistical Office. This is 72.3 % less than in the previous year.
Historically, workers' remittances paid in Guinea reached an all time high of 82.7 USD mil in 2019 and an all time low of 10.4 USD mil in 1995. When compared to Guinea's main peers, workers' remittances paid in Liberia amounted to 339 USD mil, 207 USD mil in Mali, 592 USD mil in Senegal and 7.01 USD mil in Sierra Leone in 2018.
Guinea has been ranked 140th within the group of 152 countries we follow in terms of workers' remittances paid, 31 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.