Current account balance in Guinea
Guinea: Current account balance was -25.1% in 2011. ▼ Falling
Current account balance in Guinea, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in % of GNP.
Analysis
Guinea recorded -25.1% for current account balance in 2011. That is the lowest value across all 7 years on record.
The figure is down 228.1% on the previous year and down 315.6% over ten years.
That places Guinea 38th out of 41 countries with data for 2011, putting it in the bottom quarter.
Current account balance in Guinea, year by year
| Year | % of GNP | Change |
|---|---|---|
| 2005 | -6.0% | — |
| 2006 | -8.9% | +47.6% |
| 2007 | -11.8% | +33.1% |
| 2008 | -13.5% | +13.6% |
| 2009 | -11.0% | -18.1% |
| 2010 | -7.6% | -30.7% |
| 2011 | -25.1% | +228.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -10.3% | -13.5% | -6.0% | 5 |
| 2010s | -16.4% | -25.1% | -7.6% | 2 |
Countries ranked near Guinea
- 35 Mozambique -19.4% compare
- 36 Niger -21.1% compare
- 37 Seychelles -22.4% compare
- 39 Sierra Leone -38.5% compare
- 40 Sao Tome and Principe -43.4% compare
- 41 Liberia -52.9% compare
More trade data for Guinea
- Commodity Net Export Price Index, Individual Commodities Weighted by 123.62 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 104.13 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 101.95 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 116.29 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.91 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 67.49 (2025)
- Imports of low carbon technology products, Percent of GDP 0.7535 (2016)
- Imports of low carbon technology products, US dollar (World), per 5.37 units per person (2016)
- Imports of low carbon technology products, US dollar (World), per 0.0075 units per US$ of GDP (2016)
- Exports of low carbon technology products, US dollar (World), gaps 2.94 million (2016)
Frequently asked questions
- What is current account balance in Guinea?
- Current account balance in Guinea was -25.1% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest current account balance recorded in Guinea?
- The highest recorded value was -6.0% in 2005.
- What is the lowest current account balance recorded in Guinea?
- The lowest recorded value was -25.1% in 2011.
- How does Guinea rank for current account balance?
- Guinea ranks 38th out of 41 countries with data for 2011.
- Is current account balance rising or falling in Guinea?
- Over the last ten years it is down 315.6%. The long-run trend across the full record is falling.
- Where does this Guinea data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Current account balance (% of GNP). Statizoid updates them automatically from the source API.
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About this data
Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars. Data are divided by GNP at market prices in U.S. dollars to facilitate comparison across economies.