Goods balance (credit less debit), Percent of GDP (Balance of) in Guinea
Guinea: Goods balance (credit less debit), Percent of GDP (Balance of) was 44.58 in 2027. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in Guinea, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, goods balance (credit less debit), percent of gdp (balance of) in Guinea stood at 44.58. That is the highest value across all 28 years on record.
That represents a change of up 17.9% on the previous year and up 7,148.4% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Guinea peaked at 44.58 in 2027 and was at its lowest, -23.42, in 2016.
Guinea ranks 1st of 45 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Percent of GDP (Balance of) in Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.97 | — |
| 2001 | 6.69 | +68.5% |
| 2002 | 5.97 | -10.9% |
| 2003 | 5.5 | -7.8% |
| 2004 | 3.02 | -45.0% |
| 2005 | 3.92 | +29.7% |
| 2006 | 3.55 | -9.4% |
| 2007 | -0.9158 | -125.8% |
| 2008 | 1.39 | -251.3% |
| 2009 | 1.8 | +29.7% |
| 2010 | 1.82 | +1.0% |
| 2011 | -8.24 | -554.2% |
| 2012 | -3.5 | -57.6% |
| 2013 | -0.4314 | -87.7% |
| 2014 | -4.98 | +1055.2% |
| 2015 | -4.67 | -6.2% |
| 2016 | -23.42 | +401.3% |
| 2017 | -0.6325 | -97.3% |
| 2018 | -10.2 | +1512.3% |
| 2019 | -6.34 | -37.8% |
| 2020 | 10.04 | -258.3% |
| 2021 | 23.58 | +134.9% |
| 2022 | 11.32 | -52.0% |
| 2023 | 29.49 | +160.5% |
| 2024 | 18.83 | -36.1% |
| 2025 | 12.72 | -32.4% |
| 2026 | 37.81 | +197.2% |
| 2027 | 44.58 | +17.9% |
Guinea compared with similar countries
- Guinea's 44.58 is above the median for Sub-Saharan Africa, which is -2.52. (45 countries reporting)
- Guinea's 44.58 is above the median for lower middle income countries, which is -1.5. (19 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) 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 |
|---|---|---|---|
| 2018 | -1512.3% | -0.6325 | -10.2 |
| 2014 | -1055.2% | -0.4314 | -4.98 |
| 2011 | -554.2% | 1.82 | -8.24 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.49 | -0.9158 | 6.69 | 10 |
| 2010s | -6.06 | -23.42 | 1.82 | 10 |
| 2020s | 23.55 | 10.04 | 44.58 | 8 |
Countries ranked near Guinea
- 2 South Sudan 27.91 compare
- 3 Burkina Faso 17.96 compare
- 4 Congo 14.47 compare
More financial sector data for Guinea
- Net domestic credit (current LCU), per capita 5.16 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 2,750 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 28.06 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 7.08 million SDR (2024)
- Gold reserves at market value 404.80 million SDR (2024)
- Reserves excluding gold, foreign exchange 598.31 million SDR (2024)
- Reserves excluding gold 626.99 million SDR (2024)
- Total reserves (gold at market value) 1.03 billion SDR (2024)
- Total reserves (gold at national valuation) 864.44 million SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 58.59 SDR per person (2024)
Frequently asked questions
- What is goods balance (credit less debit), percent of gdp (balance of) in Guinea?
- Goods balance (credit less debit), percent of gdp (balance of) in Guinea was 44.58 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Guinea?
- The highest recorded value was 44.58 in 2027.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Guinea?
- The lowest recorded value was -23.42 in 2016.
- How does Guinea rank for goods balance (credit less debit), percent of gdp (balance of)?
- Guinea ranks 1st out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Guinea?
- Over the last ten years it is up 7,148.4%. 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 Goods 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.