Guinea recorded a Current Account surplus of 10.31 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Guinea averaged -4.36 percent of GDP from 1986 until 2023, reaching an all time high of 27.18 percent of GDP in 2021 and a record low of -31.93 percent of GDP in 2016. source: World Bank

Current Account to GDP in Guinea is expected to reach -9.20 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Current Account to GDP is projected to trend around -8.00 percent of GDP in 2026 and -6.00 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 683.78 1460.81 USD Million Sep 2024
Current Account -445.93 316.23 USD Million Sep 2024
Current Account to GDP 10.31 16.83 percent of GDP Dec 2023
Exports 2473.93 3068.44 USD Million Sep 2024
Imports 1790.15 1607.63 USD Million Sep 2024



Guinea Current Account to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
10.31 16.83 27.18 -31.93 1986 - 2023 percent of GDP Yearly