Guinea: Reserves

* indicates monthly or quarterly data series

Foreign exchange reserves including gold, billion USD

 Latest value 1.50
 Year 2020
 Measure billion U.S. dollars
 Data availability 1991 - 2020
 Average 0.44
 Min - Max 0.04 - 1.50
 Source The World Bank
For that indicator, we provide data for Guinea from 1991 to 2020. The average value for Guinea during that period was 0.44 billion U.S. dollars with a minimum of 0.04 billion U.S. dollars in 2006 and a maximum of 1.5 billion U.S. dollars in 2020. The latest value from 2020 is 1.5 billion U.S. dollars. For comparison, the world average in 2020 based on 163 countries is 87.84 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Guinea - Reserves - Recent values chart

Historical chart
Guinea - Reserves - historical chart - 1991-2020

The reserves of Guinea and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 134.84 2021 percent
 Trade openness 107.48 2022 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 43.67 2022 percent
 Exports, billion dollars 9.17 2022 billion U.S. dollars
 Growth of exports -2.66 2022 percent
 Imports, percent of GDP 63.81 2022 percent
 Imports, billion dollars 13.40 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.13 2022 percent
 Foreign Direct Investment, billion dollars 0.66 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1.58 2022 million dollars (current)
 Current account, percent of GDP -7.40 2022 percent
 Current account, in dollars 3.35 2022 billion U.S. dollars
 Trade balance, percent of GDP -20.14 2022 percent
 Trade balance, in dollars 3.15 2022 billion U.S. dollars
 Reserves 1.50 2020 billion U.S. dollars
 Remittances, percent of GDP 2.51 2022 percent
 Remittances 527.28 2022 million U.S. dollars
 Net errors and omissions 0.06 2022 million USD
 External debt 26.07 2022 percent
 Short-term external debt 5.15 2022 percent
 Short-term debt to reserves 10.00 2020 percent
 Foreign exchange reserves 5.94 9/2022 billion
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