Guinea Current Account to GDP
Guinea recorded a Current Account deficit of 20.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Guinea averaged -8.36 Percent from 1986 until 2013, reaching an all time high of -0.30 Percent in 2003 and a record low of -33.90 Percent in 2012. Current Account to GDP in Guinea is reported by the Central Bank of Republic of Guinea.
||1986 - 2013
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.