Merchandise trade as a proportion of GDP (%) in Guinea
Guinea: Merchandise trade as a proportion of GDP (%) was 62.9% in 2024. ▲ Rising
Latest (2024)
62.9%
Change on year
up 0.5%
World rank
85th
of 220 countries
All-time high
89.8%
in 2020
All-time low
24.9%
in 2003
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Guinea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Guinea stood at 62.9%.
The figure is up 0.5% on the previous year and up 24.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Guinea peaked at 89.8% in 2020 and was at its lowest, 24.9%, in 2003.
Guinea ranks 85th of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Guinea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 29.3% | — |
| 2001 | 32.3% | +10.3% |
| 2002 | 32.0% | -0.9% |
| 2003 | 24.9% | -22.3% |
| 2004 | 28.8% | +15.7% |
| 2005 | 39.1% | +35.9% |
| 2006 | 47.1% | +20.6% |
| 2007 | 38.5% | -18.2% |
| 2008 | 38.9% | +0.9% |
| 2009 | 31.4% | -19.2% |
| 2010 | 42.0% | +33.6% |
| 2011 | 52.2% | +24.3% |
| 2012 | 54.8% | +5.0% |
| 2013 | 44.8% | -18.1% |
| 2014 | 50.6% | +12.8% |
| 2015 | 45.2% | -10.6% |
| 2016 | 79.6% | +76.2% |
| 2017 | 78.2% | -1.7% |
| 2018 | 62.1% | -20.6% |
| 2019 | 55.2% | -11.2% |
| 2020 | 89.8% | +62.9% |
| 2021 | 84.5% | -5.9% |
| 2022 | 68.3% | -19.2% |
| 2023 | 62.6% | -8.3% |
| 2024 | 62.9% | +0.5% |
Guinea compared with similar countries
- Guinea's 62.9% is above the median for lower middle income countries, which is 56.4%, 1.1× the median. (43 countries reporting)
- Guinea's 62.9% is above the median for Sub-Saharan Africa, which is 43.1%, 1.5× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.2% | 24.9% | 47.1% | 10 |
| 2010s | 56.5% | 42.0% | 79.6% | 10 |
| 2020s | 73.6% | 62.6% | 89.8% | 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 merchandise trade as a proportion of gdp in Guinea?
- Merchandise trade as a proportion of gdp in Guinea was 62.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Guinea?
- The highest recorded value was 89.8% in 2020.
- What is the lowest merchandise trade as a proportion of gdp recorded in Guinea?
- The lowest recorded value was 24.9% in 2003.
- How does Guinea rank for merchandise trade as a proportion of gdp?
- Guinea ranks 85th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Guinea?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is rising.
- Where does this Guinea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade 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).