Current account balance in Guinea
Guinea: Current account balance was -391.82 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Guinea is -391.82 million BoP, current US$, measured in 2024.
The figure is down 120.6% on the previous year and up 60.1% over ten years.
Over the whole period, current account balance in Guinea peaked at 4.64 billion BoP, current US$ in 2021 and was at its lowest, -2.74 billion BoP, current US$, in 2016.
That places Guinea 108th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | -123.88 million BoP, current US$ | — |
| 1987 | -38.25 million BoP, current US$ | -69.1% |
| 1988 | -221.52 million BoP, current US$ | +479.1% |
| 1989 | -179.71 million BoP, current US$ | -18.9% |
| 1990 | -202.98 million BoP, current US$ | +12.9% |
| 1991 | -288.82 million BoP, current US$ | +42.3% |
| 1992 | -262.70 million BoP, current US$ | -9.0% |
| 1993 | -56.79 million BoP, current US$ | -78.4% |
| 1994 | -247.98 million BoP, current US$ | +336.7% |
| 1995 | -216.48 million BoP, current US$ | -12.7% |
| 1996 | -177.27 million BoP, current US$ | -18.1% |
| 1997 | -91.08 million BoP, current US$ | -48.6% |
| 1998 | -154.47 million BoP, current US$ | +69.6% |
| 1999 | -201.05 million BoP, current US$ | +30.2% |
| 2000 | -140.09 million BoP, current US$ | -30.3% |
| 2001 | -59.52 million BoP, current US$ | -57.5% |
| 2002 | -199.63 million BoP, current US$ | +235.4% |
| 2003 | -185.26 million BoP, current US$ | -7.2% |
| 2004 | -162.35 million BoP, current US$ | -12.4% |
| 2005 | -160.34 million BoP, current US$ | -1.2% |
| 2006 | -221.35 million BoP, current US$ | +38.1% |
| 2007 | -454.59 million BoP, current US$ | +105.4% |
| 2008 | -438.21 million BoP, current US$ | -3.6% |
| 2009 | -403.36 million BoP, current US$ | -8.0% |
| 2010 | -326.89 million BoP, current US$ | -19.0% |
| 2011 | -1.16 billion BoP, current US$ | +255.3% |
| 2012 | -1.04 billion BoP, current US$ | -10.6% |
| 2013 | -1.19 billion BoP, current US$ | +14.6% |
| 2014 | -981.68 million BoP, current US$ | -17.5% |
| 2015 | -1.02 billion BoP, current US$ | +3.9% |
| 2016 | -2.74 billion BoP, current US$ | +169.1% |
| 2017 | 519.35 million BoP, current US$ | -118.9% |
| 2018 | -190.47 million BoP, current US$ | -136.7% |
| 2019 | -314.62 million BoP, current US$ | +65.2% |
| 2020 | 2.68 billion BoP, current US$ | -953.3% |
| 2021 | 4.64 billion BoP, current US$ | +72.8% |
| 2022 | 3.35 billion BoP, current US$ | -27.8% |
| 2023 | 1.90 billion BoP, current US$ | -43.3% |
| 2024 | -391.82 million BoP, current US$ | -120.6% |
Guinea compared with similar countries
- Guinea's -391.82 million BoP, current US$ is above the median for lower middle income countries, which is -391.82 million BoP, current US$, 1.0× the median. (47 countries reporting)
- Guinea's -391.82 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -749.01 million BoP, current US$, 52% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +953.3% | -314.62 million BoP, current US$ | 2.68 billion BoP, current US$ |
| 1988 | -479.1% | -38.25 million BoP, current US$ | -221.52 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -140.84 million BoP, current US$ | -221.52 million BoP, current US$ | -38.25 million BoP, current US$ | 4 |
| 1990s | -189.96 million BoP, current US$ | -288.82 million BoP, current US$ | -56.79 million BoP, current US$ | 10 |
| 2000s | -242.47 million BoP, current US$ | -454.59 million BoP, current US$ | -59.52 million BoP, current US$ | 10 |
| 2010s | -844.92 million BoP, current US$ | -2.74 billion BoP, current US$ | 519.35 million BoP, current US$ | 10 |
| 2020s | 2.44 billion BoP, current US$ | -391.82 million BoP, current US$ | 4.64 billion BoP, current US$ | 5 |
Countries ranked near Guinea
- 105 Equatorial Guinea -344.04 million BoP, current US$ compare
- 106 Syria -367.39 million BoP, current US$ compare
- 107 Uruguay -374.07 million BoP, current US$ compare
- 109 Pakistan -448.00 million BoP, current US$ compare
- 110 Burundi -461.46 million BoP, current US$ compare
- 111 Fiji -464.37 million BoP, current US$ 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$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is current account balance in Guinea?
- Current account balance in Guinea was -391.82 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Guinea?
- The highest recorded value was 4.64 billion BoP, current US$ in 2021.
- What is the lowest current account balance recorded in Guinea?
- The lowest recorded value was -2.74 billion BoP, current US$ in 2016.
- How does Guinea rank for current account balance?
- Guinea ranks 108th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Guinea?
- Over the last ten years it is up 60.1%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.