Current account balance (credit less debit), Net (credits less debits) in Guinea
Guinea: Current account balance (credit less debit), Net (credits less debits) was -391.82 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Guinea, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Guinea is -391.82 million, measured in 2024.
The figure is down 120.6% on the previous year and up 60.1% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Guinea peaked at 4.64 billion in 2021 and was at its lowest, -2.74 billion, in 2016.
Guinea ranks 110th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -160.34 million | — |
| 2006 | -221.35 million | +38.1% |
| 2007 | -454.59 million | +105.4% |
| 2008 | -438.21 million | -3.6% |
| 2009 | -403.36 million | -8.0% |
| 2010 | -326.89 million | -19.0% |
| 2011 | -1.16 billion | +255.3% |
| 2012 | -1.04 billion | -10.6% |
| 2013 | -1.19 billion | +14.6% |
| 2014 | -981.68 million | -17.5% |
| 2015 | -1.02 billion | +3.9% |
| 2016 | -2.74 billion | +169.1% |
| 2017 | 519.35 million | -118.9% |
| 2018 | -190.47 million | -136.7% |
| 2019 | -314.62 million | +65.2% |
| 2020 | 2.68 billion | -953.3% |
| 2021 | 4.64 billion | +72.8% |
| 2022 | 3.35 billion | -27.8% |
| 2023 | 1.90 billion | -43.3% |
| 2024 | -391.82 million | -120.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -335.57 million | -454.59 million | -160.34 million | 5 |
| 2010s | -844.92 million | -2.74 billion | 519.35 million | 10 |
| 2020s | 2.44 billion | -391.82 million | 4.64 billion | 5 |
Countries ranked near Guinea
- 107 Netherlands Antilles -339.95 million compare
- 108 North Macedonia -356.02 million compare
- 109 Syrian Arab Republic -367.39 million compare
- 111 Burundi -474.99 million compare
- 112 Zambia -487.39 million compare
- 113 Estonia -542.86 million compare
More financial sector data for Guinea
- Total reserves in months of imports, annual growth rate -41.64 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- 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)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Guinea?
- Current account balance (credit less debit), net (credits less debits) in Guinea was -391.82 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Guinea?
- The highest recorded value was 4.64 billion in 2021.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Guinea?
- The lowest recorded value was -2.74 billion in 2016.
- How does Guinea rank for current account balance (credit less debit), net (credits less debits)?
- Guinea ranks 110th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Guinea?
- Over the last ten years it is up 60.1%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.