Guyana - Workers' remittances and compensation of employees

Personal remittances, paid (current US$)

The value for Personal remittances, paid (current US$) in Guyana was $130,319,200 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of $183,688,000 in 2012 and a minimum value of $426,667 in 1981.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1981 $426,667
1992 $2,720,000
1993 $9,050,000
1994 $8,550,000
1995 $8,970,000
1996 $23,300,000
1997 $17,900,000
1998 $21,600,000
1999 $27,200,000
2000 $27,400,000
2001 $24,100,000
2002 $53,100,000
2003 $50,400,000
2004 $80,627,000
2005 $54,806,000
2006 $48,429,000
2007 $61,144,000
2008 $72,154,440
2009 $85,624,870
2010 $128,119,900
2011 $138,270,000
2012 $183,688,000
2013 $122,837,400
2014 $122,229,500
2015 $131,992,100
2016 $137,963,400
2017 $139,331,500
2018 $142,391,100
2019 $149,060,500
2020 $130,319,200

Personal remittances, received (current US$)

The value for Personal remittances, received (current US$) in Guyana was $438,381,500 as of 2020. As the graph below shows, over the past 38 years this indicator reached a maximum value of $469,258,400 in 2012 and a minimum value of $1,020,000 in 1992.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Source: World Bank staff estimates based on IMF balance of payments data.

See also:

Year Value
1982 $2,300,000
1983 $1,166,667
1984 $2,609,895
1992 $1,020,000
1993 $1,210,000
1994 $1,340,000
1995 $1,700,000
1996 $14,600,000
1997 $15,000,000
1998 $14,000,000
1999 $20,500,000
2000 $27,300,000
2001 $22,300,000
2002 $51,000,000
2003 $99,300,000
2004 $153,009,000
2005 $201,289,000
2006 $218,076,000
2007 $278,496,000
2008 $273,896,000
2009 $262,065,800
2010 $367,805,400
2011 $412,200,000
2012 $469,258,400
2013 $328,152,700
2014 $329,658,100
2015 $302,773,500
2016 $269,174,000
2017 $322,340,600
2018 $333,692,700
2019 $380,358,400
2020 $438,381,500

Personal remittances, received (% of GDP)

Personal remittances, received (% of GDP) in Guyana was 8.01 as of 2020. Its highest value over the past 38 years was 24.40 in 2005, while its lowest value was 0.24 in 1983.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

Source: World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.

See also:

Year Value
1982 0.48
1983 0.24
1984 0.60
1992 0.27
1993 0.27
1994 0.25
1995 0.27
1996 2.07
1997 2.00
1998 1.95
1999 2.95
2000 3.83
2001 3.13
2002 7.02
2003 13.36
2004 19.42
2005 24.40
2006 9.16
2007 10.20
2008 9.05
2009 8.28
2010 10.71
2011 11.17
2012 11.55
2013 7.87
2014 7.99
2015 7.07
2016 6.00
2017 6.79
2018 6.97
2019 7.35
2020 8.01

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments