Guinea recorded a Current Account deficit of 13.30 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Republic of Guinea

Current Account to GDP in Guinea averaged -9.04 percent of GDP from 1986 until 2020, reaching an all time high of 4.20 percent of GDP in 2017 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 September of 2021.

Current Account to GDP in Guinea is expected to reach -14.00 percent of GDP by the end of 2021, 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 -13.00 percent of GDP in 2022 and -10.00 percent of GDP in 2023, according to our econometric models.

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Guinea Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-13.30 -11.70 4.20 -33.90 1986 - 2020 percent of GDP Yearly

Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 585.35 1345.67 2037.40 -1935.03 USD Million [+]
Current Account 273.30 688.28 1207.02 -2311.44 USD Million [+]
Current Account to GDP -13.30 -11.70 4.20 -33.90 percent of GDP [+]
Imports 1010.88 906.10 2550.37 -170.26 USD Million [+]
Exports 1596.23 2251.77 2993.30 120.92 USD Million [+]
Terrorism Index 0.41 0.97 4.22 0.00 [+]


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.