Guinea recorded a Current Account surplus of 30.80 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Republic of Guinea

Current Account to GDP in Guinea averaged -7.24 percent of GDP from 1986 until 2020, reaching an all time high of 30.80 percent of GDP in 2020 and a record low of -33.90 percent of GDP in 2012. This page provides - Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Current Account to GDP - values, historical data and charts - was last updated on May of 2022.

Current Account to GDP in Guinea is expected to reach -13.00 percent of GDP by the end of 2022, 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 -10.00 percent of GDP in 2023, according to our econometric models.

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Guinea Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade 2863.70 1407.19 USD Million Dec 2021
Current Account 2663.00 1082.70 USD Million Dec 2021
Current Account to GDP 30.80 4.00 percent of GDP Dec 2020
Imports 1144.45 1011.38 USD Million Dec 2021
Exports 4008.15 2418.57 USD Million Dec 2021

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
30.80 4.00 30.80 -33.90 1986 - 2020 percent of GDP Yearly