Net secondary income in Guinea
Guinea: Net secondary income was 489.20 million BoP, current US$ in 2024. ◆ Volatile
Net secondary income in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Guinea recorded 489.20 million BoP, current US$ for net secondary income in 2024.
The figure is up 6.7% on the previous year and up 2,645.1% over ten years.
Over the whole period, net secondary income in Guinea peaked at 537.27 million BoP, current US$ in 2022 and was at its lowest, -130.59 million BoP, current US$, in 2007.
That places Guinea 89th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 25.67 million BoP, current US$ | — |
| 1987 | 21.93 million BoP, current US$ | -14.6% |
| 1988 | 86.61 million BoP, current US$ | +294.9% |
| 1989 | 82.23 million BoP, current US$ | -5.1% |
| 1990 | 70.25 million BoP, current US$ | -14.6% |
| 1991 | 87.96 million BoP, current US$ | +25.2% |
| 1992 | 132.28 million BoP, current US$ | +50.4% |
| 1993 | 196.08 million BoP, current US$ | +48.2% |
| 1994 | 208.10 million BoP, current US$ | +6.1% |
| 1995 | 178.99 million BoP, current US$ | -14.0% |
| 1996 | 102.49 million BoP, current US$ | -42.7% |
| 1997 | 115.82 million BoP, current US$ | +13.0% |
| 1998 | 121.04 million BoP, current US$ | +4.5% |
| 1999 | 78.37 million BoP, current US$ | -35.3% |
| 2000 | 75.23 million BoP, current US$ | -4.0% |
| 2001 | 89.81 million BoP, current US$ | +19.4% |
| 2002 | 45.95 million BoP, current US$ | -48.8% |
| 2003 | 135.08 million BoP, current US$ | +194.0% |
| 2004 | 17.68 million BoP, current US$ | -86.9% |
| 2005 | -10.08 million BoP, current US$ | -157.0% |
| 2006 | -20.61 million BoP, current US$ | +104.5% |
| 2007 | -130.59 million BoP, current US$ | +533.6% |
| 2008 | 18.48 million BoP, current US$ | -114.2% |
| 2009 | 33.72 million BoP, current US$ | +82.5% |
| 2010 | 17.05 million BoP, current US$ | -49.4% |
| 2011 | 139.47 million BoP, current US$ | +718.0% |
| 2012 | 132.45 million BoP, current US$ | -5.0% |
| 2013 | 87.85 million BoP, current US$ | -33.7% |
| 2014 | 17.82 million BoP, current US$ | -79.7% |
| 2015 | -41.32 million BoP, current US$ | -331.8% |
| 2016 | 80.85 million BoP, current US$ | -295.7% |
| 2017 | 162.55 million BoP, current US$ | +101.1% |
| 2018 | 95.96 million BoP, current US$ | -41.0% |
| 2019 | 78.84 million BoP, current US$ | -17.8% |
| 2020 | 147.01 million BoP, current US$ | +86.5% |
| 2021 | 389.67 million BoP, current US$ | +165.1% |
| 2022 | 537.27 million BoP, current US$ | +37.9% |
| 2023 | 458.52 million BoP, current US$ | -14.7% |
| 2024 | 489.20 million BoP, current US$ | +6.7% |
Guinea compared with similar countries
- Guinea's 489.20 million BoP, current US$ is below the median for lower middle income countries, which is 1.19 billion BoP, current US$, 41% of the median. (47 countries reporting)
- Guinea's 489.20 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 554.03 million BoP, current US$, 88% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net secondary income in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +718.0% | 17.05 million BoP, current US$ | 139.47 million BoP, current US$ |
| 2007 | -533.6% | -20.61 million BoP, current US$ | -130.59 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 54.11 million BoP, current US$ | 21.93 million BoP, current US$ | 86.61 million BoP, current US$ | 4 |
| 1990s | 129.14 million BoP, current US$ | 70.25 million BoP, current US$ | 208.10 million BoP, current US$ | 10 |
| 2000s | 25.47 million BoP, current US$ | -130.59 million BoP, current US$ | 135.08 million BoP, current US$ | 10 |
| 2010s | 77.15 million BoP, current US$ | -41.32 million BoP, current US$ | 162.55 million BoP, current US$ | 10 |
| 2020s | 404.33 million BoP, current US$ | 147.01 million BoP, current US$ | 537.27 million BoP, current US$ | 5 |
Countries ranked near Guinea
- 86 Fiji 510.04 million BoP, current US$ compare
- 87 Burundi 505.67 million BoP, current US$ compare
- 88 Cape Verde 501.27 million BoP, current US$ compare
- 90 Montenegro 460.95 million BoP, current US$ compare
- 91 Iran 457.00 million BoP, current US$ compare
- 92 Malawi 454.65 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$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is net secondary income in Guinea?
- Net secondary income in Guinea was 489.20 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Guinea?
- The highest recorded value was 537.27 million BoP, current US$ in 2022.
- What is the lowest net secondary income recorded in Guinea?
- The lowest recorded value was -130.59 million BoP, current US$ in 2007.
- How does Guinea rank for net secondary income?
- Guinea ranks 89th out of 200 countries with data for 2024.
- Is net secondary income rising or falling in Guinea?
- Over the last ten years it is up 2,645.1%. 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 Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.