Guinea: Imports of goods and services (% of GDP)
In , Guinea's Imports of goods and services (% of GDP) was 56.38.
That's up 9.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Guinea ranks #51 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #5 of 39.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 82.47
- Trough
- 24.08
- 1-year change
- +9.1%
- 5-year change
- +30.0%
- +5.4% / yr
- 10-year change
- +12.6%
- +1.2% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 56.3848 | |
| 51.6975 | |
| 48.7466 | |
| 58.9769 | |
| 68.7954 | |
| 43.3733 | |
| 48.7770 | |
| 56.5913 | |
| 82.4680 | |
| 50.9459 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Guinea's Imports of goods and services (% of GDP) in 2024?
- In 2024, Guinea's Imports of goods and services (% of GDP) was 56.38, according to World Bank Open Data.
- Is Guinea's Imports of goods and services (% of GDP) rising or falling?
- Guinea's Imports of goods and services (% of GDP) rose 9.1% from 2023 to 2024.
- How does Guinea rank globally on Imports of goods and services (% of GDP)?
- In 2024, Guinea ranked #51 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Guinea's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Guinea is above the world average. Within Sub-Saharan Africa, it ranks #5 of 39.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.