Guinea-Bissau vs New Caledonia: Current account balance
Current account balance over time
- Guinea-Bissau
- New Caledonia
How they compare
Guinea-Bissau currently reports -7.4% against -7.5% in New Caledonia, a difference of 0.1%.
The two have swapped places 4 times across 15 shared years of data; in 2002 it was Guinea-Bissau ahead.
Guinea-Bissau ranks 158th and New Caledonia ranks 160th of 200 countries.
Guinea-Bissau has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Guinea-Bissau | New Caledonia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -2.3% | -4.4% | 2.1% | Guinea-Bissau |
| 2010s | -2.5% | -14.0% | 11.5% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Guinea-Bissau or New Caledonia?
- Guinea-Bissau, at -7.4% against -7.5% in New Caledonia as of 2024.
- What is the difference in current account balance between Guinea-Bissau and New Caledonia?
- 0.1%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and New Caledonia?
- 15 years are reported by both, from 2002 to 2016.
- How do Guinea-Bissau and New Caledonia rank globally for current account balance?
- Guinea-Bissau ranks 158th and New Caledonia ranks 160th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.