Economy · Remittance inflows · Guinea-Bissau
Guinea-Bissau’s remittance inflows rose to $0.22bn in 2024.
$0.22bn
2024
Up $0.01bn from 2023.
Updated 8 Oct 2026
In plain words
$0.22bn
What it is. Remittance inflows add up the money that workers abroad send to family and friends at home, plus other personal transfers received, expressed in current US dollars. The measure counts money that arrives as personal transfers. It leaves out aid, investment and export earnings. Transfers carried by hand or through informal agents are hard to record, so the recorded total is likely to sit below the true flow.
Higher is better. Higher is better for this measure because remittances bring foreign currency into the country and add to household income from outside the local economy. The latest figure, for 2024, is $0.22bn, up from $0.2bn a year earlier, a rise of 6.3%. That is the highest level in the window since 2015. The lowest level in the same span was $0.08bn, in 2015, so inflows have grown steadily from the start of the window to the latest reading.
Why it matters. For households in Guinea-Bissau, money sent from abroad can cover food, school fees and health costs, and a flow of $0.22bn reaches families directly. For the state and local firms, remittances are a source of foreign exchange in a small economy. The next annual reading will show whether inflows hold at $0.22bn.
| Period | Remittance inflows · Guinea-Bissau |
|---|---|
| 2015 | $0.08bn |
| 2016 | $0.1bn |
| 2017 | $0.11bn |
| 2018 | $0.13bn |
| 2019 | $0.15bn |
| 2020 | $0.17bn |
| 2021 | $0.21bn |
| 2022 | $0.19bn |
| 2023 | $0.2bn |
| 2024 | $0.22bn |
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-Bissau, 2024; source World Bank, World Development Indicators (CC BY 4.0), retrieved 8 Oct 2026; https://data.strata-af.com/economy/remittance-inflows/guinea-bissau
Data insights · Worked out from the published figures
What this means
Working this 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.