The need for Structural Health Monitoring is evident in order to ensure the safety of civil infrastructure. The goal of vibration monitoring is to derive the eigenfrequencies, mode shapes and damping of a structure. A change in the eigenfrequency over time can indicate deterioration or damage in a structure. The amplitude can be used to calculate the damping ratio. As the damping ratio is amplitude-dependent, it is important to correctly determine the amplitude values. This study focuses on the amplitude correctness of high-rate Global Navigation Satellite System (GNSS) receiver data. In an experiment with controlled oscillations with a shaker and a Laser Triangulation Sensor (LTS) as a reference, the vibration amplitudes derived by GNSS measurements were analyzed, using time-frequency techniques like Short Time Fourier Transform (STFT) and Wavelet Transform (WT). We demonstrate that vibrations in the millimeter range can be derived from the measurements of satellites orbiting 20,000 km above Earth. However, the amplitudes of the determined frequencies show systematic errors up to 60% when compared to independent reference measurements. We introduce a correction method to reduce this error by applying a frequency-dependent correction function.