Net Current Account Total for Guinea-Bissau
GNBBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.64
Year-over-Year Change
-1039.30%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Guinea-Bissau measures the difference between the country's total exports and imports of goods, services, and income. It is a key economic indicator that provides insights into Guinea-Bissau's trade balance and international financial position.
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-Bissau's transactions with the rest of the world, including trade in goods and services as well as income flows. It is an important metric used by economists and policymakers to assess the country's economic performance and external competitiveness.
Methodology
The data is collected and calculated by the Central Bank of Guinea-Bissau and reported to international organizations.
Historical Context
The Net Current Account Total is closely monitored by the government, international institutions, and financial markets to inform economic and trade policies.
Key Facts
- Guinea-Bissau's Net Current Account Total was -6.36% of GDP in 2020.
- The Net Current Account has been in deficit for Guinea-Bissau since the 1990s.
- Trade in goods accounts for the largest share of Guinea-Bissau's current account.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Guinea-Bissau measures the difference between the country's total exports and imports of goods, services, and income.
Q: Why is this trend relevant for users or analysts?
A: The Net Current Account Total is an important indicator of Guinea-Bissau's trade balance and international financial position, which is closely monitored by policymakers and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Guinea-Bissau and reported to international organizations.
Q: How is this trend used in economic policy?
A: The Net Current Account Total is used by the government, international institutions, and financial markets to inform economic and trade policies in Guinea-Bissau.
Q: Are there update delays or limitations?
A: There may be delays in reporting the latest data due to the challenges in data collection in Guinea-Bissau.
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Citation
U.S. Federal Reserve, Net Current Account Total for Guinea-Bissau (GNBBCABP6GDPPT), retrieved from FRED.