Service exports in Guinea
Guinea: Service exports was 71.20 million BoP, current US$ in 2024. ▼ Falling
Latest (2024)
71.20 million BoP, current US$
Change on year
down 50.2%
World rank
186th
of 200 countries
All-time high
186.75 million BoP, current US$
in 1993
All-time low
27.02 million BoP, current US$
in 2021
Years of data
39
1986–2024
Service exports in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service exports in Guinea is 71.20 million BoP, current US$, measured in 2024.
That represents a change of down 50.2% on the previous year and up 11.7% over ten years.
Over the whole period, service exports in Guinea peaked at 186.75 million BoP, current US$ in 1993 and was at its lowest, 27.02 million BoP, current US$, in 2021.
Guinea ranks 186th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 39 years of available data.
Service exports in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 55.57 million BoP, current US$ | — |
| 1987 | 53.60 million BoP, current US$ | -3.5% |
| 1988 | 52.59 million BoP, current US$ | -1.9% |
| 1989 | 103.66 million BoP, current US$ | +97.1% |
| 1990 | 157.45 million BoP, current US$ | +51.9% |
| 1991 | 144.65 million BoP, current US$ | -8.1% |
| 1992 | 159.74 million BoP, current US$ | +10.4% |
| 1993 | 186.75 million BoP, current US$ | +16.9% |
| 1994 | 152.85 million BoP, current US$ | -18.2% |
| 1995 | 117.47 million BoP, current US$ | -23.1% |
| 1996 | 124.14 million BoP, current US$ | +5.7% |
| 1997 | 114.65 million BoP, current US$ | -7.6% |
| 1998 | 110.83 million BoP, current US$ | -3.3% |
| 1999 | 113.18 million BoP, current US$ | +2.1% |
| 2000 | 66.61 million BoP, current US$ | -41.1% |
| 2001 | 74.49 million BoP, current US$ | +11.8% |
| 2002 | 67.58 million BoP, current US$ | -9.3% |
| 2003 | 106.57 million BoP, current US$ | +57.7% |
| 2004 | 85.36 million BoP, current US$ | -19.9% |
| 2005 | 82.89 million BoP, current US$ | -2.9% |
| 2006 | 63.51 million BoP, current US$ | -23.4% |
| 2007 | 48.70 million BoP, current US$ | -23.3% |
| 2008 | 102.90 million BoP, current US$ | +111.3% |
| 2009 | 72.24 million BoP, current US$ | -29.8% |
| 2010 | 62.41 million BoP, current US$ | -13.6% |
| 2011 | 77.38 million BoP, current US$ | +24.0% |
| 2012 | 159.06 million BoP, current US$ | +105.6% |
| 2013 | 103.53 million BoP, current US$ | -34.9% |
| 2014 | 63.75 million BoP, current US$ | -38.4% |
| 2015 | 78.45 million BoP, current US$ | +23.1% |
| 2016 | 52.93 million BoP, current US$ | -32.5% |
| 2017 | 52.36 million BoP, current US$ | -1.1% |
| 2018 | 101.01 million BoP, current US$ | +92.9% |
| 2019 | 95.38 million BoP, current US$ | -5.6% |
| 2020 | 64.83 million BoP, current US$ | -32.0% |
| 2021 | 27.02 million BoP, current US$ | -58.3% |
| 2022 | 145.68 million BoP, current US$ | +439.2% |
| 2023 | 143.01 million BoP, current US$ | -1.8% |
| 2024 | 71.20 million BoP, current US$ | -50.2% |
Guinea compared with similar countries
- Guinea's 71.20 million BoP, current US$ is below the median for lower middle income countries, which is 1.28 billion BoP, current US$, 6% of the median. (47 countries reporting)
- Guinea's 71.20 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 514.12 million BoP, current US$, 14% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Service exports in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +439.2% | 27.02 million BoP, current US$ | 145.68 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 66.36 million BoP, current US$ | 52.59 million BoP, current US$ | 103.66 million BoP, current US$ | 4 |
| 1990s | 138.17 million BoP, current US$ | 110.83 million BoP, current US$ | 186.75 million BoP, current US$ | 10 |
| 2000s | 77.09 million BoP, current US$ | 48.70 million BoP, current US$ | 106.57 million BoP, current US$ | 10 |
| 2010s | 84.63 million BoP, current US$ | 52.36 million BoP, current US$ | 159.06 million BoP, current US$ | 10 |
| 2020s | 90.35 million BoP, current US$ | 27.02 million BoP, current US$ | 145.68 million BoP, current US$ | 5 |
Countries ranked near Guinea
- 183 Sao Tome and Principe 88.23 million BoP, current US$ compare
- 184 Vanuatu 78.47 million BoP, current US$ compare
- 185 Papua New Guinea 75.21 million BoP, current US$ compare
- 187 Nauru 64.55 million BoP, current US$ compare
- 188 Palau 61.89 million BoP, current US$ compare
- 189 Eritrea 60.91 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$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is service exports in Guinea?
- Service exports in Guinea was 71.20 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Guinea?
- The highest recorded value was 186.75 million BoP, current US$ in 1993.
- What is the lowest service exports recorded in Guinea?
- The lowest recorded value was 27.02 million BoP, current US$ in 2021.
- How does Guinea rank for service exports?
- Guinea ranks 186th out of 200 countries with data for 2024.
- Is service exports rising or falling in Guinea?
- Over the last ten years it is up 11.7%. The long-run trend across the full record is falling.
- 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. 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.