Current account balance as a proportion of GDP in Guinea
Guinea: Current account balance as a proportion of GDP was -1.6% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Guinea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, current account balance as a proportion of gdp in Guinea stood at -1.6%.
Compared with earlier readings it is down 118.5% on the previous year and up 86.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Guinea peaked at 27.2% in 2021 and was at its lowest, -31.9%, in 2016.
That places Guinea 98th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.2% | — |
| 2001 | -1.4% | -55.0% |
| 2002 | -4.6% | +221.7% |
| 2003 | -3.7% | -20.6% |
| 2004 | -3.1% | -16.9% |
| 2005 | -3.7% | +22.2% |
| 2006 | -5.2% | +40.1% |
| 2007 | -7.2% | +38.0% |
| 2008 | -6.3% | -13.0% |
| 2009 | -6.0% | -4.6% |
| 2010 | -4.8% | -20.6% |
| 2011 | -17.1% | +258.9% |
| 2012 | -13.6% | -20.6% |
| 2013 | -14.2% | +4.5% |
| 2014 | -11.2% | -21.3% |
| 2015 | -11.6% | +3.7% |
| 2016 | -31.9% | +175.3% |
| 2017 | 5.0% | -115.8% |
| 2018 | -1.6% | -131.9% |
| 2019 | -2.3% | +45.7% |
| 2020 | 19.1% | -914.2% |
| 2021 | 27.2% | +42.6% |
| 2022 | 16.8% | -38.1% |
| 2023 | 8.5% | -49.6% |
| 2024 | -1.6% | -118.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.5% | -7.2% | -1.4% | 10 |
| 2010s | -10.3% | -31.9% | 5.0% | 10 |
| 2020s | 14.0% | -1.6% | 27.2% | 5 |
Countries ranked near Guinea
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 20 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5487 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 1,030 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -57.67 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -58.72 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.32 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 2,703 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 5.07 million current LCU per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Guinea?
- Current account balance as a proportion of gdp in Guinea was -1.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Guinea?
- The highest recorded value was 27.2% in 2021.
- What is the lowest current account balance as a proportion of gdp recorded in Guinea?
- The lowest recorded value was -31.9% in 2016.
- How does Guinea rank for current account balance as a proportion of gdp?
- Guinea ranks 98th out of 177 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Guinea?
- Over the last ten years it is up 86.0%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).