Current account balance (BoP, current US$), annual growth rate in Guinea
Guinea: Current account balance (BoP, current US$), annual growth rate was -120.61 % change on previous year in 2024. ◆ Volatile
Current account balance (BoP, current US$), annual growth rate in Guinea, 1987–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Guinea recorded -120.61 % change on previous year for current account balance (bop, current us$), annual growth rate in 2024.
Compared with earlier readings it is down 178.8% on the previous year and down 789.6% over ten years.
Over the whole period, current account balance (bop, current us$), annual growth rate in Guinea peaked at 953.33 % change on previous year in 2020 and was at its lowest, -479.14 % change on previous year, in 1988.
Guinea ranks 181st of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$), annual growth rate in Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1987 | 69.12 % change on previous year | — |
| 1988 | -479.14 % change on previous year | -793.2% |
| 1989 | 18.87 % change on previous year | -103.9% |
| 1990 | -12.95 % change on previous year | -168.6% |
| 1991 | -42.29 % change on previous year | +226.6% |
| 1992 | 9.04 % change on previous year | -121.4% |
| 1993 | 78.38 % change on previous year | +766.7% |
| 1994 | -336.66 % change on previous year | -529.5% |
| 1995 | 12.7 % change on previous year | -103.8% |
| 1996 | 18.11 % change on previous year | +42.6% |
| 1997 | 48.62 % change on previous year | +168.4% |
| 1998 | -69.6 % change on previous year | -243.1% |
| 1999 | -30.16 % change on previous year | -56.7% |
| 2000 | 30.32 % change on previous year | -200.5% |
| 2001 | 57.52 % change on previous year | +89.7% |
| 2002 | -235.42 % change on previous year | -509.3% |
| 2003 | 7.2 % change on previous year | -103.1% |
| 2004 | 12.37 % change on previous year | +71.8% |
| 2005 | 1.24 % change on previous year | -90.0% |
| 2006 | -38.05 % change on previous year | -3173.4% |
| 2007 | -105.37 % change on previous year | +176.9% |
| 2008 | 3.6 % change on previous year | -103.4% |
| 2009 | 7.95 % change on previous year | +120.7% |
| 2010 | 18.96 % change on previous year | +138.4% |
| 2011 | -255.28 % change on previous year | -1446.5% |
| 2012 | 10.57 % change on previous year | -104.1% |
| 2013 | -14.55 % change on previous year | -237.7% |
| 2014 | 17.49 % change on previous year | -220.2% |
| 2015 | -3.92 % change on previous year | -122.4% |
| 2016 | -169.06 % change on previous year | +4208.1% |
| 2017 | 118.92 % change on previous year | -170.3% |
| 2018 | -136.68 % change on previous year | -214.9% |
| 2019 | -65.18 % change on previous year | -52.3% |
| 2020 | 953.33 % change on previous year | -1562.6% |
| 2021 | 72.78 % change on previous year | -92.4% |
| 2022 | -27.78 % change on previous year | -138.2% |
| 2023 | -43.25 % change on previous year | +55.7% |
| 2024 | -120.61 % change on previous year | +178.8% |
Guinea compared with similar countries
- Guinea's -120.61 % change on previous year is below the median for lower middle income countries, which is 19.11 % change on previous year. (47 countries reporting)
- Guinea's -120.61 % change on previous year is below the median for Sub-Saharan Africa, which is -1.03 % change on previous year, 116.8× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance (BoP, current US$), annual growth rate in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -4208.1% | -3.92 % change on previous year | -169.06 % change on previous year |
| 2006 | -3173.4% | 1.24 % change on previous year | -38.05 % change on previous year |
| 2020 | +1562.6% | -65.18 % change on previous year | 953.33 % change on previous year |
| 2011 | -1446.5% | 18.96 % change on previous year | -255.28 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -130.38 % change on previous year | -479.14 % change on previous year | 69.12 % change on previous year | 3 |
| 1990s | -32.48 % change on previous year | -336.66 % change on previous year | 78.38 % change on previous year | 10 |
| 2000s | -25.87 % change on previous year | -235.42 % change on previous year | 57.52 % change on previous year | 10 |
| 2010s | -47.87 % change on previous year | -255.28 % change on previous year | 118.92 % change on previous year | 10 |
| 2020s | 166.89 % change on previous year | -120.61 % change on previous year | 953.33 % change on previous year | 5 |
Countries ranked near Guinea
- 178 Saudi Arabia -101.41 % change on previous year compare
- 179 Lesotho -104.41 % change on previous year compare
- 180 Sint Maarten (Dutch part) -104.78 % change on previous year compare
- 182 North Macedonia -128.91 % change on previous year compare
- 183 Panama -129.75 % change on previous year compare
- 184 Morocco -130.48 % change on previous year compare
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is current account balance (bop, current us$), annual growth rate in Guinea?
- Current account balance (bop, current us$), annual growth rate in Guinea was -120.61 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest current account balance (bop, current us$), annual growth rate recorded in Guinea?
- The highest recorded value was 953.33 % change on previous year in 2020.
- What is the lowest current account balance (bop, current us$), annual growth rate recorded in Guinea?
- The lowest recorded value was -479.14 % change on previous year in 1988.
- How does Guinea rank for current account balance (bop, current us$), annual growth rate?
- Guinea ranks 181st out of 198 countries with data for 2024.
- Is current account balance (bop, current us$), annual growth rate rising or falling in Guinea?
- Over the last ten years it is down 789.6%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Statizoid (derived), published as part of Current account balance (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Current account balance Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.