Broad money growth in Guinea
Guinea: Broad money growth was 35.8% in 2024. ◆ Volatile
Broad money growth in Guinea, 1992–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Guinea recorded 35.8% for broad money growth in 2024.
Compared with earlier readings it is up 598.9% on the previous year and up 152.9% over ten years.
Over the whole period, broad money growth in Guinea peaked at 94.4% in 2006 and was at its lowest, -12.3%, in 2007.
Guinea ranks 14th of 166 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth in Guinea, year by year
| Year | annual % | Change |
|---|---|---|
| 1992 | 23.3% | — |
| 1993 | 22.8% | -2.1% |
| 1994 | -3.4% | -115.1% |
| 1995 | 11.3% | -426.5% |
| 1996 | 3.6% | -68.3% |
| 1997 | 18.2% | +410.1% |
| 1998 | 6.6% | -63.5% |
| 2001 | 12.9% | +93.6% |
| 2002 | 19.7% | +53.2% |
| 2003 | 33.2% | +68.5% |
| 2004 | 36.5% | +9.9% |
| 2005 | 33.4% | -8.5% |
| 2006 | 94.4% | +183.0% |
| 2007 | -12.3% | -113.0% |
| 2008 | 38.4% | -412.6% |
| 2009 | 18.6% | -51.5% |
| 2010 | 85.3% | +357.4% |
| 2011 | 18.2% | -78.6% |
| 2012 | -9.3% | -151.0% |
| 2013 | 13.4% | -244.3% |
| 2014 | 14.2% | +5.5% |
| 2015 | 13.6% | -3.9% |
| 2016 | 12.9% | -5.3% |
| 2017 | 16.9% | +31.2% |
| 2018 | 9.9% | -41.4% |
| 2019 | 23.3% | +135.5% |
| 2020 | 22.8% | -2.3% |
| 2021 | 8.7% | -61.9% |
| 2022 | 15.8% | +81.6% |
| 2023 | 5.1% | -67.6% |
| 2024 | 35.8% | +598.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.8% | -3.4% | 23.3% | 7 |
| 2000s | 30.5% | -12.3% | 94.4% | 9 |
| 2010s | 19.8% | -9.3% | 85.3% | 10 |
| 2020s | 17.6% | 5.1% | 35.8% | 5 |
Countries ranked near Guinea
- 11 Lao People's Democratic Republic 39.1% compare
- 12 Türkiye 37.9% compare
- 13 Uzbekistan 36.6% compare
- 15 Congo, Democratic Republic of the 34.8% compare
- 16 Ghana 33.0% compare
- 17 Kyrgyzstan 30.6% compare
More financial sector data for Guinea
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -27.16 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0239 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 40.55 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -30.17 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 42.49 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate -26.65 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 69.93 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate -36.32 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 58.59 SDR per person (2024)
- Total reserves (gold at national valuation) 864.44 million SDR (2024)
Frequently asked questions
- What is broad money growth in Guinea?
- Broad money growth in Guinea was 35.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Guinea?
- The highest recorded value was 94.4% in 2006.
- What is the lowest broad money growth recorded in Guinea?
- The lowest recorded value was -12.3% in 2007.
- How does Guinea rank for broad money growth?
- Guinea ranks 14th out of 166 countries with data for 2024.
- Is broad money growth rising or falling in Guinea?
- Over the last ten years it is up 152.9%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.