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. Measured in %.
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 112th out of 205 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 | % | 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% |
Guinea compared with similar countries
- Guinea's -1.6% is below the median for lower middle income countries, which is -0.8%, 1.9× the median. (43 countries reporting)
- Guinea's -1.6% is above the median for Sub-Saharan Africa, which is -4.1%, 38% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2020 | +914.2% | -2.3% | 19.1% |
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
- Real gdp growth, annual growth rate -2.71 % change on previous year (2024)
- 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)
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 112th out of 205 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.
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