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Workers' Remittances, Received (As % of GDP) rose 21.9% to 0.179% in Guatemala in 2021

Workers' Remittances, Received (As % of GDP) (%), 2021
Economy | Guatemala | March 1, 2023
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Workers' remittances received as a share of GDP rose 21.9% to 0.179% in Guatemala in 2021, according to the National Statistical Office.

Historically, workers' remittances received as a share of GDP in Guatemala reached an all time high of 0.179% in 2021 and an all time low of < 0.001% in 1987. When compared to Guatemala's main peers, workers' remittances received as a share of GDP in Belize amounted to 0.054%, 0.261% in El Salvador, 0.253% in Honduras and 0.153% in Nicaragua in 2021.

Guatemala has been ranked 12th within the group of 112 countries we follow in terms of workers' remittances received as a share of GDP, 14 places above the position seen 10 years ago.

Workers' Remittances, Received (As % of GDP) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Belize % 0.038% 0.043% 0.039% 0.040% 0.040%
Costa Rica % 0.010% 0.009% 0.009% 0.009% 0.009%
El Salvador % 0.182% 0.189% 0.200% 0.207% 0.210%
Guatemala % 0.104% 0.111% 0.117% 0.129% 0.138%
Honduras % 0.175% 0.178% 0.187% 0.198% 0.215%
Mexico % 0.022% 0.027% 0.028% 0.029% 0.031%
Nicaragua % 0.094% 0.095% 0.101% 0.116% 0.134%
USA % < 0.001% < 0.001% < 0.001% < 0.001% < 0.001%