Net trade in goods and services in Guinea
Guinea: Net trade in goods and services was 1.49 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Guinea stood at 1.49 billion BoP, current US$.
The figure is down 55.9% on the previous year and up 288.9% over ten years.
Over the whole period, net trade in goods and services in Guinea peaked at 4.91 billion BoP, current US$ in 2021 and was at its lowest, -2.67 billion BoP, current US$, in 2016.
That places Guinea 61st out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -50.73 million BoP, current US$ | -176.96 million BoP, current US$ | 63.97 million BoP, current US$ | 4 |
| 1990s | -208.09 million BoP, current US$ | -382.85 million BoP, current US$ | -93.33 million BoP, current US$ | 10 |
| 2000s | -190.30 million BoP, current US$ | -365.49 million BoP, current US$ | -46.99 million BoP, current US$ | 10 |
| 2010s | -762.63 million BoP, current US$ | -2.67 billion BoP, current US$ | 407.43 million BoP, current US$ | 10 |
| 2020s | 3.12 billion BoP, current US$ | 1.49 billion BoP, current US$ | 4.91 billion BoP, current US$ | 5 |
Countries ranked near Guinea
- 58 Guyana 2.78 billion BoP, current US$ compare
- 59 Cyprus 2.40 billion BoP, current US$ compare
- 60 Trinidad and Tobago 1.88 billion BoP, current US$ compare
- 62 Cayman Islands 1.26 billion BoP, current US$ compare
- 63 Laos 1.19 billion BoP, current US$ compare
- 64 Zambia 688.73 million BoP, current US$ compare
More economy & growth data for Guinea
- Imports of goods and services 15.55 billion constant 2015 US$ (2025)
- External balance on goods and services -51.06 trillion current LCU (2025)
- External balance on goods and services -5.91 billion current US$ (2025)
- Imports of goods and services 62.3% (2025)
- Imports of goods and services 20.0% (2025)
- Imports of goods and services 17.65 billion current US$ (2025)
- Gross capital formation 26.8% (2025)
- Gross capital formation 37.0% (2025)
- External balance on goods and services -20.9% (2025)
- Imports of goods and services 152.46 trillion current LCU (2025)
Frequently asked questions
- What is net trade in goods and services in Guinea?
- Net trade in goods and services in Guinea was 1.49 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Guinea?
- The highest recorded value was 4.91 billion BoP, current US$ in 2021.
- What is the lowest net trade in goods and services recorded in Guinea?
- The lowest recorded value was -2.67 billion BoP, current US$ in 2016.
- How does Guinea rank for net trade in goods and services?
- Guinea ranks 61st out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Guinea?
- Over the last ten years it is up 288.9%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.