Guinea recorded a Current Account deficit of 1.55 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Guinea averaged -3.44 percent of GDP from 1986 until 2024, 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 252.87 -445.93 USD Million Dec 2024
Current Account to GDP -1.55 8.48 percent of GDP Dec 2024
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
-1.55 8.48 27.18 -31.93 1986 - 2024 percent of GDP Yearly