Economy · Remittance inflows · Guinea
Guinea’s remittance inflows rose to $0.62bn in 2024.
$0.62bn
2024
Up $0.12bn from 2023.
Updated 8 Oct 2026
In plain words
$0.62bn
What it is. Personal remittances received counts the money and goods that people working abroad send to households in Guinea, together with wages paid to residents who work overseas for a short time. It is reported in current US dollars, so exchange rates and price changes in the dollar affect the figure. Transfers that travel through informal channels are likely to be only partly recorded.
Higher is better. Higher is better because more money arriving from abroad adds to household spending power and brings foreign currency into the economy. The latest figure is $0.62bn for 2024, up from $0.5bn a year earlier, a rise of 24.1%. Since 2015 the lowest level was $0.02bn in 2020. The 2024 figure is the highest in that span.
Why it matters. For many Guinean households, money from relatives abroad pays for food and school fees, so a rise of $0.12bn in a year reaches daily budgets directly. For the state and for firms that import goods, a larger inflow of dollars adds to the foreign currency available in the economy.
| Period | Remittance inflows · Guinea |
|---|---|
| 2015 | $0.13bn |
| 2016 | $0.05bn |
| 2017 | $0.04bn |
| 2018 | $0.03bn |
| 2019 | $0.16bn |
| 2020 | $0.02bn |
| 2021 | $0.34bn |
| 2022 | $0.53bn |
| 2023 | $0.5bn |
| 2024 | $0.62bn |
Source: World Bank, World Development Indicators (CC BY 4.0) · Licence: CC BY 4.0
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Strata-AF™ Data, Remittance inflows, Guinea, 2024; source World Bank, World Development Indicators (CC BY 4.0), retrieved 8 Oct 2026; https://data.strata-af.com/economy/remittance-inflows/guinea
Data insights · Worked out from the published figures
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Methodology
Personal remittances received, current US dollars. Unit: USD bn.
Source: World Bank, World Development Indicators (series BX.TRF.PWKR.CD.DT), retrieved through the World Bank API and published under CC BY 4.0. Updated annually; the World Bank's own source notes apply.