Secondary income, other sectors, payments in Guinea
Guinea: Secondary income, other sectors, payments was 114.92 million BoP, current US$ in 2024. ◆ Volatile
Secondary income, other sectors, payments in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, secondary income, other sectors, payments in Guinea stood at 114.92 million BoP, current US$.
Compared with earlier readings it is up 42.1% on the previous year and down 94.4% over ten years.
Over the whole period, secondary income, other sectors, payments in Guinea peaked at 2.04 billion BoP, current US$ in 2014 and was at its lowest, 12.25 million BoP, current US$, in 1986.
Guinea ranks 142nd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income, other sectors, payments in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 12.25 million BoP, current US$ | — |
| 1987 | 15.63 million BoP, current US$ | +27.6% |
| 1988 | 33.56 million BoP, current US$ | +114.7% |
| 1989 | 58.87 million BoP, current US$ | +75.4% |
| 1990 | 46.23 million BoP, current US$ | -21.5% |
| 1991 | 45.40 million BoP, current US$ | -1.8% |
| 1992 | 58.24 million BoP, current US$ | +28.3% |
| 1993 | 63.05 million BoP, current US$ | +8.3% |
| 1994 | 71.64 million BoP, current US$ | +13.6% |
| 1995 | 78.03 million BoP, current US$ | +8.9% |
| 1996 | 35.24 million BoP, current US$ | -54.8% |
| 1997 | 15.56 million BoP, current US$ | -55.8% |
| 1998 | 24.28 million BoP, current US$ | +56.0% |
| 1999 | 15.04 million BoP, current US$ | -38.1% |
| 2000 | 28.43 million BoP, current US$ | +89.1% |
| 2001 | 37.83 million BoP, current US$ | +33.1% |
| 2002 | 15.66 million BoP, current US$ | -58.6% |
| 2003 | 53.69 million BoP, current US$ | +242.9% |
| 2004 | 47.28 million BoP, current US$ | -11.9% |
| 2005 | 59.24 million BoP, current US$ | +25.3% |
| 2006 | 49.76 million BoP, current US$ | -16.0% |
| 2007 | 173.32 million BoP, current US$ | +248.3% |
| 2008 | 85.58 million BoP, current US$ | -50.6% |
| 2009 | 51.27 million BoP, current US$ | -40.1% |
| 2010 | 66.61 million BoP, current US$ | +29.9% |
| 2011 | 267.65 million BoP, current US$ | +301.8% |
| 2012 | 171.62 million BoP, current US$ | -35.9% |
| 2013 | 220.73 million BoP, current US$ | +28.6% |
| 2014 | 2.04 billion BoP, current US$ | +825.9% |
| 2015 | 1.23 billion BoP, current US$ | -39.8% |
| 2016 | 848.81 million BoP, current US$ | -31.1% |
| 2017 | 306.86 million BoP, current US$ | -63.8% |
| 2018 | 265.74 million BoP, current US$ | -13.4% |
| 2019 | 255.63 million BoP, current US$ | -3.8% |
| 2020 | 188.38 million BoP, current US$ | -26.3% |
| 2021 | 52.07 million BoP, current US$ | -72.4% |
| 2022 | 77.91 million BoP, current US$ | +49.6% |
| 2023 | 80.87 million BoP, current US$ | +3.8% |
| 2024 | 114.92 million BoP, current US$ | +42.1% |
Guinea compared with similar countries
- Guinea's 114.92 million BoP, current US$ is below the median for lower middle income countries, which is 169.22 million BoP, current US$, 68% of the median. (47 countries reporting)
- Guinea's 114.92 million BoP, current US$ is above the median for Sub-Saharan Africa, which is 100.16 million BoP, current US$, 1.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Secondary income, other sectors, payments in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +825.9% | 220.73 million BoP, current US$ | 2.04 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 30.08 million BoP, current US$ | 12.25 million BoP, current US$ | 58.87 million BoP, current US$ | 4 |
| 1990s | 45.27 million BoP, current US$ | 15.04 million BoP, current US$ | 78.03 million BoP, current US$ | 10 |
| 2000s | 60.21 million BoP, current US$ | 15.66 million BoP, current US$ | 173.32 million BoP, current US$ | 10 |
| 2010s | 567.84 million BoP, current US$ | 66.61 million BoP, current US$ | 2.04 billion BoP, current US$ | 10 |
| 2020s | 102.83 million BoP, current US$ | 52.07 million BoP, current US$ | 188.38 million BoP, current US$ | 5 |
Countries ranked near Guinea
- 139 Turks and Caicos Islands 129.28 million BoP, current US$ compare
- 140 New Caledonia 127.13 million BoP, current US$ compare
- 141 Benin 119.57 million BoP, current US$ compare
- 143 East Timor 109.13 million BoP, current US$ compare
- 144 Uganda 107.79 million BoP, current US$ compare
- 145 Fiji 106.42 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$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is secondary income, other sectors, payments in Guinea?
- Secondary income, other sectors, payments in Guinea was 114.92 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income, other sectors, payments recorded in Guinea?
- The highest recorded value was 2.04 billion BoP, current US$ in 2014.
- What is the lowest secondary income, other sectors, payments recorded in Guinea?
- The lowest recorded value was 12.25 million BoP, current US$ in 1986.
- How does Guinea rank for secondary income, other sectors, payments?
- Guinea ranks 142nd out of 198 countries with data for 2024.
- Is secondary income, other sectors, payments rising or falling in Guinea?
- Over the last ten years it is down 94.4%. 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 Secondary income, other sectors, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.