Official current transfers, net in Guinea
Guinea: Official current transfers, net was 53.45 million BoP, current US$ in 2011. ◆ Volatile
Official current transfers, net in Guinea, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
Guinea recorded 53.45 million BoP, current US$ for official current transfers, net in 2011. That is the highest value across all 7 years on record.
The figure is up 2,397.7% on the previous year and up 610.8% over ten years.
That places Guinea 27th out of 33 countries with data for 2011, putting it in the bottom quarter.
Official current transfers, net in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 7.52 million BoP, current US$ | — |
| 2006 | -350,000 BoP, current US$ | -104.7% |
| 2007 | 7.41 million BoP, current US$ | -2217.1% |
| 2008 | 1.49 million BoP, current US$ | -79.9% |
| 2009 | 23.10 million BoP, current US$ | +1450.3% |
| 2010 | 2.14 million BoP, current US$ | -90.7% |
| 2011 | 53.45 million BoP, current US$ | +2397.7% |
Guinea compared with similar countries
- Guinea's 53.45 million BoP, current US$ is below the median for lower middle income countries, which is 142.13 million BoP, current US$, 38% of the median. (16 countries reporting)
- Guinea's 53.45 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 188.54 million BoP, current US$, 28% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.83 million BoP, current US$ | -350,000 BoP, current US$ | 23.10 million BoP, current US$ | 5 |
| 2010s | 27.80 million BoP, current US$ | 2.14 million BoP, current US$ | 53.45 million BoP, current US$ | 2 |
Countries ranked near Guinea
- 24 Benin 83.95 million BoP, current US$ compare
- 25 Cape Verde 69.70 million BoP, current US$ compare
- 26 Senegal 67.52 million BoP, current US$ compare
- 28 Gambia 44.77 million BoP, current US$ compare
- 29 Djibouti 28.92 million BoP, current US$ compare
- 30 Burundi 21.35 million BoP, current US$ 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 official current transfers, net in Guinea?
- Official current transfers, net in Guinea was 53.45 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest official current transfers, net recorded in Guinea?
- The highest recorded value was 53.45 million BoP, current US$ in 2011.
- What is the lowest official current transfers, net recorded in Guinea?
- The lowest recorded value was -350,000 BoP, current US$ in 2006.
- How does Guinea rank for official current transfers, net?
- Guinea ranks 27th out of 33 countries with data for 2011.
- Is official current transfers, net rising or falling in Guinea?
- Over the last ten years it is up 610.8%. 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, published as part of Official current transfers, net (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
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.