Guinea Current Account Balance

Factbook > Countries > Guinea > Economy

Current Account Balance: -$839 million (2016 est.)
-$1.363 billion (2015 est.)

Definition: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

Source: CIA World Factbook - This page was last updated on July 9, 2017

See Also

Related Data From the International Monetary Fund

Variable: Current account balance

Note: Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Units: U.S. dollars

Scale: Billions

Country-specific Note: Source: Central Bank. And Ministry of Planning Latest actual data: 2013 Notes: Data prior to 1995 cannot be confirmed by national sources at this time. BOP Manual used: BPM 6 Primary domestic currency: Guinean franc Data last updated: 02/2015

Source: International Monetary Fund, World Economic Outlook Database, April 2015

YearCurrent account balancePercent Change
19800.054 
1981-0.073-235.19 %
1982-0.08516.44 %
1983-0.003-96.47 %
1984-0.006100.00 %
1985-0.041583.33 %
1986-0.132221.95 %
1987-0.15215.15 %
1988-0.29996.71 %
1989-0.211-29.43 %
1990-0.26626.07 %
1991-0.22-17.29 %
1992-0.2377.73 %
1993-0.198-16.46 %
1994-0.2421.21 %
1995-0.27213.33 %
1996-0.3321.32 %
1997-0.269-18.48 %
1998-0.30413.01 %
1999-0.239-21.38 %
2000-0.2-16.32 %
2001-0.081-59.50 %
2002-0.079-2.47 %
20030.013-116.46 %
2004-0.074-669.23 %
2005-0.011-85.14 %
2006-0.113927.27 %
2007-0.449297.35 %
2008-0.44-2.00 %
2009-0.365-17.05 %
2010-0.47730.68 %
2011-0.962101.68 %
2012-1.61667.98 %
2013-1.336-17.33 %
2014-1.205-9.81 %

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