Balanced trade in services in Guinea
Guinea: Balanced trade in services was 2.58 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced trade in services in Guinea, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2024, balanced trade in services in Guinea stood at 2.58 US dollars, exchange rate converted. That is the highest value across all 20 years on record.
That represents a change of up 94.1% on the previous year and up 674.9% over ten years.
Over the whole period, balanced trade in services in Guinea peaked at 2.58 US dollars, exchange rate converted in 2024 and was at its lowest, 0.1888 US dollars, exchange rate converted, in 2005.
Guinea ranks 82nd of 174 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Balanced trade in services in Guinea, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.1888 US dollars, exchange rate converted | — |
| 2006 | 0.1949 US dollars, exchange rate converted | +3.2% |
| 2007 | 0.2085 US dollars, exchange rate converted | +7.0% |
| 2008 | 0.2579 US dollars, exchange rate converted | +23.7% |
| 2009 | 0.2062 US dollars, exchange rate converted | -20.1% |
| 2010 | 0.2291 US dollars, exchange rate converted | +11.1% |
| 2011 | 0.2711 US dollars, exchange rate converted | +18.3% |
| 2012 | 0.3887 US dollars, exchange rate converted | +43.4% |
| 2013 | 0.394 US dollars, exchange rate converted | +1.4% |
| 2014 | 0.3333 US dollars, exchange rate converted | -15.4% |
| 2015 | 0.3328 US dollars, exchange rate converted | -0.1% |
| 2016 | 0.3631 US dollars, exchange rate converted | +9.1% |
| 2017 | 0.3974 US dollars, exchange rate converted | +9.4% |
| 2018 | 0.4278 US dollars, exchange rate converted | +7.7% |
| 2019 | 0.468 US dollars, exchange rate converted | +9.4% |
| 2020 | 0.8933 US dollars, exchange rate converted | +90.9% |
| 2021 | 0.5063 US dollars, exchange rate converted | -43.3% |
| 2022 | 0.4903 US dollars, exchange rate converted | -3.2% |
| 2023 | 1.33 US dollars, exchange rate converted | +171.4% |
| 2024 | 2.58 US dollars, exchange rate converted | +94.1% |
Guinea compared with similar countries
- Guinea's 2.58 US dollars, exchange rate converted is above the median for lower middle income countries, which is 1.24 US dollars, exchange rate converted, 2.1× the median. (42 countries reporting)
- Guinea's 2.58 US dollars, exchange rate converted is above the median for Sub-Saharan Africa, which is 1.05 US dollars, exchange rate converted, 2.5× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Balanced trade in services in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +171.4% | 0.4903 US dollars, exchange rate converted | 1.33 US dollars, exchange rate converted |
| 2024 | +94.1% | 1.33 US dollars, exchange rate converted | 2.58 US dollars, exchange rate converted |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2113 US dollars, exchange rate converted | 0.1888 US dollars, exchange rate converted | 0.2579 US dollars, exchange rate converted | 5 |
| 2010s | 0.3605 US dollars, exchange rate converted | 0.2291 US dollars, exchange rate converted | 0.468 US dollars, exchange rate converted | 10 |
| 2020s | 1.16 US dollars, exchange rate converted | 0.4903 US dollars, exchange rate converted | 2.58 US dollars, exchange rate converted | 5 |
Countries ranked near Guinea
- 79 Azerbaijan 2.75 US dollars, exchange rate converted compare
- 80 Algeria 2.69 US dollars, exchange rate converted compare
- 81 Bermuda 2.58 US dollars, exchange rate converted compare
- 83 Honduras 2.55 US dollars, exchange rate converted compare
- 84 Libya 2.49 US dollars, exchange rate converted compare
- 85 Macao 2.41 US dollars, exchange rate converted compare
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 470.07 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0005 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.9019 units per person (2025)
- SDRs holdings, SDR, annual growth rate 442.86 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.6586 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0091 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Guinea?
- Balanced trade in services in Guinea was 2.58 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Guinea?
- The highest recorded value was 2.58 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Guinea?
- The lowest recorded value was 0.1888 US dollars, exchange rate converted in 2005.
- How does Guinea rank for balanced trade in services?
- Guinea ranks 82nd out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Guinea?
- Over the last ten years it is up 674.9%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html