Guinea: Trade (% of GDP)
In , Guinea's Trade (% of GDP) was 97.78.
That's up 2.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Guinea ranks #60 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #7 of 39.
Source: World Bank Open Data (NE.TRD.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
- 115.77
- Trough
- 47.94
- 1-year change
- +2.0%
- 5-year change
- +24.7%
- +4.5% / yr
- 10-year change
- +27.4%
- +2.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 97.7778 | |
| 95.8295 | |
| 94.1653 | |
| 115.1955 | |
| 115.7653 | |
| 78.4153 | |
| 88.9841 | |
| 101.2516 | |
| 111.8395 | |
| 72.4427 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Guinea's Trade (% of GDP) in 2024?
- In 2024, Guinea's Trade (% of GDP) was 97.78, according to World Bank Open Data.
- Is Guinea's Trade (% of GDP) rising or falling?
- Guinea's Trade (% of GDP) rose 2.0% from 2023 to 2024.
- How does Guinea rank globally on Trade (% of GDP)?
- In 2024, Guinea ranked #60 out of 160 countries reporting Trade (% of GDP).
- How does Guinea's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Guinea is above the world average. Within Sub-Saharan Africa, it ranks #7 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.