Net trade in goods and services in Guinea
Guinea: Net trade in goods and services was 1.49 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
1.49 billion BoP, current US$
Change on year
down 55.9%
World rank
61st
of 200 countries
All-time high
4.91 billion BoP, current US$
in 2021
All-time low
-2.67 billion BoP, current US$
in 2016
Years of data
39
1986–2024
Net trade in goods and services in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Guinea stood at 1.49 billion BoP, current US$.
The figure is down 55.9% on the previous year and up 288.9% over ten years.
Over the whole period, net trade in goods and services in Guinea peaked at 4.91 billion BoP, current US$ in 2021 and was at its lowest, -2.67 billion BoP, current US$, in 2016.
That places Guinea 61st out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 2.15 million BoP, current US$ | — |
| 1987 | 63.97 million BoP, current US$ | +2875.3% |
| 1988 | -176.96 million BoP, current US$ | -376.6% |
| 1989 | -92.09 million BoP, current US$ | -48.0% |
| 1990 | -124.34 million BoP, current US$ | +35.0% |
| 1991 | -210.91 million BoP, current US$ | +69.6% |
| 1992 | -254.03 million BoP, current US$ | +20.4% |
| 1993 | -169.56 million BoP, current US$ | -33.3% |
| 1994 | -382.85 million BoP, current US$ | +125.8% |
| 1995 | -310.84 million BoP, current US$ | -18.8% |
| 1996 | -186.84 million BoP, current US$ | -39.9% |
| 1997 | -93.33 million BoP, current US$ | -50.1% |
| 1998 | -150.92 million BoP, current US$ | +61.7% |
| 1999 | -197.24 million BoP, current US$ | +30.7% |
| 2000 | -137.67 million BoP, current US$ | -30.2% |
| 2001 | -46.99 million BoP, current US$ | -65.9% |
| 2002 | -200.09 million BoP, current US$ | +325.9% |
| 2003 | -208.60 million BoP, current US$ | +4.3% |
| 2004 | -152.72 million BoP, current US$ | -26.8% |
| 2005 | -101.86 million BoP, current US$ | -33.3% |
| 2006 | -159.92 million BoP, current US$ | +57.0% |
| 2007 | -260.85 million BoP, current US$ | +63.1% |
| 2008 | -365.49 million BoP, current US$ | +40.1% |
| 2009 | -268.84 million BoP, current US$ | -26.4% |
| 2010 | -266.83 million BoP, current US$ | -0.7% |
| 2011 | -1.17 billion BoP, current US$ | +337.5% |
| 2012 | -1.05 billion BoP, current US$ | -10.1% |
| 2013 | -872.48 million BoP, current US$ | -16.8% |
| 2014 | -787.28 million BoP, current US$ | -9.8% |
| 2015 | -835.64 million BoP, current US$ | +6.1% |
| 2016 | -2.67 billion BoP, current US$ | +219.6% |
| 2017 | 407.43 million BoP, current US$ | -115.3% |
| 2018 | -104.59 million BoP, current US$ | -125.7% |
| 2019 | -279.37 million BoP, current US$ | +167.1% |
| 2020 | 2.68 billion BoP, current US$ | -1060.2% |
| 2021 | 4.91 billion BoP, current US$ | +83.1% |
| 2022 | 3.15 billion BoP, current US$ | -35.9% |
| 2023 | 3.37 billion BoP, current US$ | +7.1% |
| 2024 | 1.49 billion BoP, current US$ | -55.9% |
Guinea compared with similar countries
- Guinea's 1.49 billion BoP, current US$ is above the median for lower middle income countries, which is -1.21 billion BoP, current US$. (47 countries reporting)
- Guinea's 1.49 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is -701.38 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +2875.3% | 2.15 million BoP, current US$ | 63.97 million BoP, current US$ |
| 2020 | +1060.2% | -279.37 million BoP, current US$ | 2.68 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -50.73 million BoP, current US$ | -176.96 million BoP, current US$ | 63.97 million BoP, current US$ | 4 |
| 1990s | -208.09 million BoP, current US$ | -382.85 million BoP, current US$ | -93.33 million BoP, current US$ | 10 |
| 2000s | -190.30 million BoP, current US$ | -365.49 million BoP, current US$ | -46.99 million BoP, current US$ | 10 |
| 2010s | -762.63 million BoP, current US$ | -2.67 billion BoP, current US$ | 407.43 million BoP, current US$ | 10 |
| 2020s | 3.12 billion BoP, current US$ | 1.49 billion BoP, current US$ | 4.91 billion BoP, current US$ | 5 |
Countries ranked near Guinea
- 58 Guyana 2.78 billion BoP, current US$ compare
- 59 Cyprus 2.40 billion BoP, current US$ compare
- 60 Trinidad and Tobago 1.88 billion BoP, current US$ compare
- 62 Cayman Islands 1.26 billion BoP, current US$ compare
- 63 Laos 1.19 billion BoP, current US$ compare
- 64 Zambia 688.73 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$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services in Guinea?
- Net trade in goods and services in Guinea was 1.49 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Guinea?
- The highest recorded value was 4.91 billion BoP, current US$ in 2021.
- What is the lowest net trade in goods and services recorded in Guinea?
- The lowest recorded value was -2.67 billion BoP, current US$ in 2016.
- How does Guinea rank for net trade in goods and services?
- Guinea ranks 61st out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Guinea?
- Over the last ten years it is up 288.9%. 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 trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.