Net trade in goods (BoP, current US$) in Guinea
Guinea: Net trade in goods (BoP, current US$) was 4.56 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Guinea is 4.56 billion BoP, current US$, measured in 2024.
The figure is down 30.0% on the previous year and up 1,590.7% over ten years.
Over the whole period, net trade in goods in Guinea peaked at 6.51 billion BoP, current US$ in 2023 and was at its lowest, -2.02 billion BoP, current US$, in 2016.
That places Guinea 45th out of 200 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods (BoP, current US$) in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 83.94 million BoP, current US$ | — |
| 1987 | 164.37 million BoP, current US$ | +95.8% |
| 1988 | 1.25 million BoP, current US$ | -99.2% |
| 1989 | 64.02 million BoP, current US$ | +5021.6% |
| 1990 | 85.46 million BoP, current US$ | +33.5% |
| 1991 | -7.77 million BoP, current US$ | -109.1% |
| 1992 | -91.20 million BoP, current US$ | +1073.7% |
| 1993 | -21.55 million BoP, current US$ | -76.4% |
| 1994 | -169.68 million BoP, current US$ | +687.4% |
| 1995 | -38.98 million BoP, current US$ | -77.0% |
| 1996 | 112.14 million BoP, current US$ | -387.7% |
| 1997 | 113.60 million BoP, current US$ | +1.3% |
| 1998 | 121.00 million BoP, current US$ | +6.5% |
| 1999 | 54.74 million BoP, current US$ | -54.8% |
| 2000 | 81.63 million BoP, current US$ | +49.1% |
| 2001 | 196.22 million BoP, current US$ | +140.4% |
| 2002 | 61.41 million BoP, current US$ | -68.7% |
| 2003 | -7.82 million BoP, current US$ | -112.7% |
| 2004 | 44.88 million BoP, current US$ | -674.2% |
| 2005 | 103.31 million BoP, current US$ | +130.2% |
| 2006 | 81.94 million BoP, current US$ | -20.7% |
| 2007 | -3.24 million BoP, current US$ | -104.0% |
| 2008 | -22.22 million BoP, current US$ | +585.8% |
| 2009 | -4.79 million BoP, current US$ | -78.4% |
| 2010 | 72.72 million BoP, current US$ | -1618.2% |
| 2011 | -668.76 million BoP, current US$ | -1019.6% |
| 2012 | -316.39 million BoP, current US$ | -52.7% |
| 2013 | -252.79 million BoP, current US$ | -20.1% |
| 2014 | -306.08 million BoP, current US$ | +21.1% |
| 2015 | -410.61 million BoP, current US$ | +34.2% |
| 2016 | -2.02 billion BoP, current US$ | +390.8% |
| 2017 | 1.11 billion BoP, current US$ | -155.1% |
| 2018 | 592.43 million BoP, current US$ | -46.7% |
| 2019 | 475.35 million BoP, current US$ | -19.8% |
| 2020 | 5.20 billion BoP, current US$ | +994.7% |
| 2021 | 6.05 billion BoP, current US$ | +16.3% |
| 2022 | 3.91 billion BoP, current US$ | -35.4% |
| 2023 | 6.51 billion BoP, current US$ | +66.6% |
| 2024 | 4.56 billion BoP, current US$ | -30.0% |
Guinea compared with similar countries
- Guinea's 4.56 billion BoP, current US$ is above the median for lower middle income countries, which is -756.75 million BoP, current US$. (47 countries reporting)
- Guinea's 4.56 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is -496.51 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods (BoP, current US$) 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 |
|---|---|---|---|
| 1989 | +5021.6% | 1.25 million BoP, current US$ | 64.02 million BoP, current US$ |
| 2010 | +1618.2% | -4.79 million BoP, current US$ | 72.72 million BoP, current US$ |
| 1992 | -1073.7% | -7.77 million BoP, current US$ | -91.20 million BoP, current US$ |
| 2011 | -1019.6% | 72.72 million BoP, current US$ | -668.76 million BoP, current US$ |
| 2020 | +994.7% | 475.35 million BoP, current US$ | 5.20 billion BoP, current US$ |
| 1994 | -687.4% | -21.55 million BoP, current US$ | -169.68 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 78.39 million BoP, current US$ | 1.25 million BoP, current US$ | 164.37 million BoP, current US$ | 4 |
| 1990s | 15.78 million BoP, current US$ | -169.68 million BoP, current US$ | 121.00 million BoP, current US$ | 10 |
| 2000s | 53.13 million BoP, current US$ | -22.22 million BoP, current US$ | 196.22 million BoP, current US$ | 10 |
| 2010s | -171.82 million BoP, current US$ | -2.02 billion BoP, current US$ | 1.11 billion BoP, current US$ | 10 |
| 2020s | 5.25 billion BoP, current US$ | 3.91 billion BoP, current US$ | 6.51 billion BoP, current US$ | 5 |
Countries ranked near Guinea
- 42 Austria 5.73 billion BoP, current US$ compare
- 43 Cote d'Ivoire 5.46 billion BoP, current US$ compare
- 44 Congo 4.73 billion BoP, current US$ compare
- 46 Brunei 4.01 billion BoP, current US$ compare
- 47 Mongolia 4.01 billion BoP, current US$ compare
- 48 Trinidad and Tobago 3.41 billion BoP, current US$ compare
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 net trade in goods in Guinea?
- Net trade in goods in Guinea was 4.56 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 recorded in Guinea?
- The highest recorded value was 6.51 billion BoP, current US$ in 2023.
- What is the lowest net trade in goods recorded in Guinea?
- The lowest recorded value was -2.02 billion BoP, current US$ in 2016.
- How does Guinea rank for net trade in goods?
- Guinea ranks 45th out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Guinea?
- Over the last ten years it is up 1,590.7%. 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 (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 is the difference between the exports and imports of goods. 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.