Guinea - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Guinea was 16.05 as of 2020. Its highest value over the past 34 years was 16.05 in 2020, while its lowest value was -53.10 in 2016.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1986 3.02
1987 0.93
1988 -4.20
1989 1.31
1990 -2.37
1991 -0.25
1992 -1.20
1993 -1.57
1994 -3.11
1995 -3.41
1996 -5.15
1997 -3.29
1998 -5.64
1999 -4.39
2000 -4.43
2001 -1.44
2002 -2.49
2003 0.77
2004 -1.19
2005 -0.33
2006 -21.74
2007 -24.02
2008 -20.90
2009 -24.78
2010 -12.86
2011 -20.75
2012 -20.40
2013 -27.49
2014 -23.39
2015 -29.45
2016 -53.10
2017 -11.93
2018 -8.57
2019 -12.33
2020 16.05

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts