Current account balance (credit less debit), Percent of GDP (Balance) in Guinea
Guinea: Current account balance (credit less debit), Percent of GDP (Balance) was 0.0803 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Guinea, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in Guinea is 0.0803, measured in 2027.
Compared with earlier readings it is up 102.2% on the previous year and up 101.2% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Guinea peaked at 4.14 in 2021 and was at its lowest, -30.66, in 2016.
Guinea ranks 11th of 45 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.05 | — |
| 2001 | 0.3264 | -110.7% |
| 2002 | -0.0077 | -102.4% |
| 2003 | -0.049 | +536.1% |
| 2004 | -1.83 | +3631.0% |
| 2005 | -0.8302 | -54.6% |
| 2006 | -3.12 | +276.4% |
| 2007 | -7.3 | +133.5% |
| 2008 | -6.58 | -9.8% |
| 2009 | -5.64 | -14.3% |
| 2010 | -6.4 | +13.4% |
| 2011 | -16.34 | +155.5% |
| 2012 | -19.7 | +20.6% |
| 2013 | -12.51 | -36.5% |
| 2014 | -14.39 | +15.0% |
| 2015 | -12.54 | -12.9% |
| 2016 | -30.66 | +144.4% |
| 2017 | -6.75 | -78.0% |
| 2018 | -18.5 | +174.2% |
| 2019 | -15.51 | -16.2% |
| 2020 | -16.07 | +3.6% |
| 2021 | 4.14 | -125.8% |
| 2022 | -5.68 | -237.3% |
| 2023 | -9.72 | +71.1% |
| 2024 | -14.67 | +50.9% |
| 2025 | -22.31 | +52.1% |
| 2026 | -3.61 | -83.8% |
| 2027 | 0.0803 | -102.2% |
Guinea compared with similar countries
- Guinea's 0.0803 is above the median for Sub-Saharan Africa, which is -2.9. (45 countries reporting)
- Guinea's 0.0803 is above the median for lower middle income countries, which is -2.77. (19 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -3631.0% | -0.049 | -1.83 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.81 | -7.3 | 0.3264 | 10 |
| 2010s | -15.33 | -30.66 | -6.4 | 10 |
| 2020s | -8.48 | -22.31 | 4.14 | 8 |
Countries ranked near Guinea
More financial sector data for Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.44 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.78 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.44 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Guinea?
- Current account balance (credit less debit), percent of gdp (balance) in Guinea was 0.0803 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Guinea?
- The highest recorded value was 4.14 in 2021.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Guinea?
- The lowest recorded value was -30.66 in 2016.
- How does Guinea rank for current account balance (credit less debit), percent of gdp (balance)?
- Guinea ranks 11th out of 45 countries with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Guinea?
- Over the last ten years it is up 101.2%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.