FinObservatory

Remittances

Guyana

Personal remittance receipts of $545.6M in 2023, 3.22% of GDP, from 35 annual observations starting in 1982. The series carries no observation for Guyana after 2023, while 160 countries report through 2024, so this country is absent from the 2024 ranking.

Received, 2023
$545.6M
Share of GDP, 2023
3.22%
No 2024 observation
n/a
Net, 2023
$364.2M
Years of receipts
35

Received and paid, US$ billion

0.00.20.40.61990200020102020ReceivedPaid

Source: World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ Gross flows in current US dollars. A gap in a line is a year with no observation, not a zero. Methodology

Receipts as a share of GDP

The highest reading in the series is 24.40% in 2005.

0.0%10%20%30%1990200020102020% of GDP

Source: World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ | World Bank WDI: GDP, current US$ (NY.GDP.MKTP.CD) Both series are current US dollars from the same WDI vintage; the share moves with the dollar GDP denominator as well as with the inflow. Methodology

Where the money is modelled to come from, 2021

The corridor matrix is a model, not a measurement

The 10,229 corridors in this matrix (212 sending economies, 175 receiving) are not observed payments. The World Bank builds it by allocating each country’s total recorded receipts across origins using bilateral migrant stocks and origin-destination incomes. A corridor value is therefore an estimate produced by that allocation rule. The matrix exists for one year, 2021, and no other.

The matrix routes $392.6M into Guyana for 2021, from 51 origin countries. The five largest account for 90.8% of that total. The balance-of-payments series reports $553.5M of receipts for 2021, so the modelled total is 29.1% below it.

OriginModelled valueShare of modelled total
United States$234.3M59.7%
Canada$77.8M19.8%
United Kingdom$25.7M6.5%
Suriname$10.2M2.6%
Trinidad and Tobago$8.4M2.1%
France$7.9M2.0%
Venezuela$6.5M1.7%
Antigua and Barbuda$5.1M1.3%
Barbados$5.0M1.3%
Netherlands$1.9M0.5%

Source: World Bank / KNOMAD Bilateral Remittance Matrix | World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ Every row is an allocation from migrant-stock and income data, not an observed payment. Methodology

Modelled outward corridors, 2021

The same matrix sends $10.0M out of Guyana across 13 corridors. These are modelled allocations too.

DestinationModelled value
China$2.9M
Brazil$2.4M
United States$1.7M
Suriname$1.3M
Jamaica$481K

Source: World Bank / KNOMAD Bilateral Remittance Matrix Methodology

This page exists because Guyana has 35 annual receipt observations, at or above the 10-year minimum. Methodology | All receivers