Current account balance as a proportion of gdp in Guinea
Guinea: Current account balance as a proportion of gdp was 10.31 in 2023. ◆ Volatile
Latest (2023)
10.31
Change on year
down 38.7%
World rank
19th
of 191 countries
All-time high
27.18
in 2021
All-time low
-31.93
in 2016
Years of data
24
2000–2023
Current account balance as a proportion of gdp in Guinea, 2000–2023
Source: Our World in Data.
Analysis
In 2023, current account balance as a proportion of gdp in Guinea stood at 10.31.
The figure is down 38.7% on the previous year and up 172.6% over ten years.
Over the whole period, current account balance as a proportion of gdp in Guinea peaked at 27.18 in 2021 and was at its lowest, -31.93, in 2016.
Guinea ranks 19th of 191 countries on this measure, in the top 10%.
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 | -3.21 | — |
| 2001 | -1.44 | -55.1% |
| 2002 | -4.64 | +222.2% |
| 2003 | -3.69 | -20.5% |
| 2004 | -3.06 | -17.1% |
| 2005 | -3.74 | +22.2% |
| 2006 | -5.25 | +40.4% |
| 2007 | -7.24 | +37.9% |
| 2008 | -6.29 | -13.1% |
| 2009 | -6.01 | -4.5% |
| 2010 | -4.77 | -20.6% |
| 2011 | -17.12 | +258.9% |
| 2012 | -13.6 | -20.6% |
| 2013 | -14.2 | +4.4% |
| 2014 | -11.18 | -21.3% |
| 2015 | -11.6 | +3.8% |
| 2016 | -31.93 | +175.3% |
| 2017 | 5.03 | -115.8% |
| 2018 | -1.61 | -132.0% |
| 2019 | -2.34 | +45.3% |
| 2020 | 19.06 | -914.5% |
| 2021 | 27.18 | +42.6% |
| 2022 | 16.83 | -38.1% |
| 2023 | 10.31 | -38.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.46 | -7.24 | -1.44 | 10 |
| 2010s | -10.33 | -31.93 | 5.03 | 10 |
| 2020s | 18.34 | 10.31 | 27.18 | 4 |
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)
- GDP (current US$), annual growth rate 13.34 % change on previous year (2025)
- GDP (current US$), per capita 1,877 current US$ per person (2025)
- GDP (current LCU), annual growth rate 14.1 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 8,638 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 16.22 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 7.45 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.585 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 1,098 constant 2015 US$ 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 10.31 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Guinea?
- The highest recorded value was 27.18 in 2021.
- What is the lowest current account balance as a proportion of gdp recorded in Guinea?
- The lowest recorded value was -31.93 in 2016.
- How does Guinea rank for current account balance as a proportion of gdp?
- Guinea ranks 19th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Guinea?
- Over the last ten years it is up 172.6%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Our World in Data, 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 — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).