Net current transfers in Guinea
Guinea: Net current transfers was 2.7% in 2011. β Volatile
Net current transfers in Guinea, 2005β2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator. Measured in % of GDP.
Analysis
In 2011, net current transfers in Guinea stood at 2.7%. That is the highest value across all 7 years on record.
That represents a change of up 661.2% on the previous year and up 898.5% over ten years.
That places Guinea 31st out of 41 countries with data for 2011, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.6% | -3.1% | 0.8% | 5 |
| 2010s | 1.6% | 0.4% | 2.7% | 2 |
Countries ranked near Guinea
More trade data for Guinea
- Total current account debit/expenditure, Debit/Expenditure 12.81 billion (2024)
- Goods, Debit/Expenditure 7.08 billion (2024)
- Primary income, Debit/Expenditure 2.41 billion (2024)
- Services, Debit/Expenditure 3.15 billion (2024)
- Secondary income, Debit/Expenditure 171.68 million (2024)
- Total capital account debit/expenditure, Debit/Expenditure 12.60 million (2024)
- Milking, dairy machinery (trade) β Import Value 2 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) β Import Value 3 1000 USD (2007)
- Pedestrian controlled tractors (single axle tractors) β Import Value 2 1000 USD (2007)
- Net long-term borrowing 0 BoP, current US$ (2011)
Frequently asked questions
- What is net current transfers in Guinea?
- Net current transfers in Guinea was 2.7% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator.
- What is the highest net current transfers recorded in Guinea?
- The highest recorded value was 2.7% in 2011.
- What is the lowest net current transfers recorded in Guinea?
- The lowest recorded value was -3.1% in 2007.
- How does Guinea rank for net current transfers?
- Guinea ranks 31st out of 41 countries with data for 2011.
- Is net current transfers rising or falling in Guinea?
- Over the last ten years it is up 898.5%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator, published as part of Net current transfers (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 7 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net current transfers are 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. Data are in current U.S. dollars.