Net Current Account Total for Guinea
GINBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.02
Year-over-Year Change
-65.13%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Guinea measures the difference between the value of a country's imports and exports of goods, services, and investment income. It is a key indicator of a nation's financial position and trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total represents Guinea's balance of payments, tracking the flow of goods, services, and capital between the country and the rest of the world. Economists and policymakers use this metric to assess a nation's trade competitiveness, international investment position, and overall economic health.
Methodology
The data is compiled by the Guinean government and reported to international economic organizations.
Historical Context
The Net Current Account Total is widely used to inform trade, monetary, and fiscal policies.
Key Facts
- Guinea's Net Current Account Total was -$1.31 billion in 2021.
- The current account deficit represents approximately 13% of Guinea's GDP.
- The current account balance has been negative for Guinea since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Guinea measures the difference between the country's imports and exports of goods, services, and investment income.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Guinea's trade competitiveness, international investment position, and overall economic health, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the Guinean government and reported to international economic organizations.
Q: How is this trend used in economic policy?
A: The Net Current Account Total informs trade, monetary, and fiscal policies in Guinea and is widely used by economists and policymakers.
Q: Are there update delays or limitations?
A: There may be lags in reporting the latest data, and the metric may not capture all cross-border economic activities.
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Citation
U.S. Federal Reserve, Net Current Account Total for Guinea (GINBCABP6GDPPT), retrieved from FRED.