Trade in services in Guinea
Guinea: Trade in services was 12.9% in 2024. ▲ Rising
Trade in services in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Guinea is 12.9%, measured in 2024.
The figure is down 15.9% on the previous year and up 85.5% over ten years.
Over the whole period, trade in services in Guinea peaked at 18.8% in 2020 and was at its lowest, 5.3%, in 2022.
Guinea ranks 146th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
Trade in services in Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1986 | 6.6% | — |
| 1987 | 7.0% | +5.2% |
| 1988 | 8.2% | +16.9% |
| 1989 | 10.2% | +25.7% |
| 1990 | 13.5% | +31.7% |
| 1991 | 11.2% | -17.0% |
| 1992 | 10.1% | -10.1% |
| 1993 | 10.9% | +8.3% |
| 1994 | 10.5% | -3.6% |
| 1995 | 9.4% | -10.5% |
| 1996 | 9.7% | +3.1% |
| 1997 | 7.9% | -18.5% |
| 1998 | 9.4% | +19.3% |
| 1999 | 9.5% | +0.5% |
| 2000 | 8.1% | -14.8% |
| 2001 | 9.5% | +17.8% |
| 2002 | 9.2% | -3.0% |
| 2003 | 8.2% | -10.7% |
| 2004 | 6.9% | -15.6% |
| 2005 | 8.7% | +24.7% |
| 2006 | 8.7% | +0.9% |
| 2007 | 5.7% | -35.3% |
| 2008 | 7.9% | +39.5% |
| 2009 | 6.1% | -22.9% |
| 2010 | 6.8% | +11.4% |
| 2011 | 9.6% | +42.1% |
| 2012 | 13.8% | +42.9% |
| 2013 | 9.9% | -28.3% |
| 2014 | 6.9% | -29.7% |
| 2015 | 6.6% | -4.6% |
| 2016 | 8.9% | +33.9% |
| 2017 | 7.8% | -11.7% |
| 2018 | 7.6% | -3.2% |
| 2019 | 7.0% | -7.2% |
| 2020 | 18.8% | +167.5% |
| 2021 | 7.0% | -62.9% |
| 2022 | 5.3% | -24.4% |
| 2023 | 15.3% | +189.4% |
| 2024 | 12.9% | -15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.0% | 6.6% | 10.2% | 4 |
| 1990s | 10.2% | 7.9% | 13.5% | 10 |
| 2000s | 7.9% | 5.7% | 9.5% | 10 |
| 2010s | 8.5% | 6.6% | 13.8% | 10 |
| 2020s | 11.8% | 5.3% | 18.8% | 5 |
Countries ranked near Guinea
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)
- Manufacturing, value added (current US$), per unit of GDP 0.1275 current US$ per US$ of GDP (2022)
- Manufacturing, value added (current US$), per capita 180.55 current US$ per person (2022)
- Manufacturing, value added (current LCU), per unit of GDP 1,090 current LCU per US$ of GDP (2022)
- Manufacturing, value added (current LCU), per capita 1.54 million current LCU per person (2022)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0731 constant 2015 US$ per US$ of GDP (2022)
- Manufacturing, value added (constant 2015 US$), per capita 103.55 constant 2015 US$ per person (2022)
- Manufacturing, value added (constant LCU), per capita 541,357 constant LCU per person (2022)
- Industry (including construction), value added (current US$), annual 14.59 % change on previous year (2025)
Frequently asked questions
- What is trade in services in Guinea?
- Trade in services in Guinea was 12.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Guinea?
- The highest recorded value was 18.8% in 2020.
- What is the lowest trade in services recorded in Guinea?
- The lowest recorded value was 5.3% in 2022.
- How does Guinea rank for trade in services?
- Guinea ranks 146th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Guinea?
- Over the last ten years it is up 85.5%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.