Guinea - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Guinea was 53.05 as of 2020. Its highest value over the past 60 years was 100.00 in 1960, while its lowest value was 30.37 in 2005.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 100.00
1970 86.09
1981 81.73
1982 75.55
1983 81.83
1984 75.43
1985 76.19
1986 79.62
1987 82.60
1988 81.59
1989 72.33
1990 72.68
1991 72.96
1992 69.11
1993 66.70
1994 70.76
1995 58.47
1996 53.06
1997 71.53
1998 73.28
1999 72.53
2000 61.59
2001 62.73
2002 60.69
2003 60.07
2004 34.73
2005 30.37
2006 46.94
2007 69.04
2008 64.66
2009 63.19
2010 61.74
2011 62.99
2012 61.39
2013 61.18
2014 56.20
2015 53.83
2016 63.64
2017 65.19
2018 61.53
2019 56.26
2020 53.05

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports