Guinea recorded a Current Account deficit of 4.90 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Guinea averaged -8.81 percent from 1986 until 2018, reaching an all time high of 5.51 percent in 2017 and a record low of -33.90 percent 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 July of 2020.

Current Account to GDP in Guinea is expected to reach -10.00 percent by the end of 2020, 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 -15.00 percent in 2021 and -8.00 percent in 2022, according to our econometric models.

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Guinea Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.90 5.51 5.51 -33.90 1986 - 2018 percent Yearly

Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade -2.60 319.17 927.63 -1935.05 USD Million [+]
Current Account -251.14 83.15 883.89 -2311.44 USD Million [+]
Current Account to GDP -4.90 5.51 5.51 -33.90 percent [+]
Imports 878.90 884.43 2550.37 -170.26 USD Million [+]
Exports 565.87 925.88 1471.17 120.92 USD Million [+]
Terrorism Index 0.97 0.32 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.