Guinea: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 5.65 billion U.S. Dollar as of August 2023, a decline compared to the previous value of 6.75 billion U.S. Dollar. Historically, the average for Guinea from January 2020 to August 2023 is 5.04 billion U.S. Dollar. The minimum of 2.04 billion U.S. Dollar was recorded in January 2020, while the maximum of 8.16 billion U.S. Dollar was reached in December 2022.
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* indicates monthly or quarterly data series
- Measure: billion U.S. Dollar
- Source: Central Bank of the Republic of Guinea
| Recent values | Guinea: Foreign exchange reserves, billion currency units |
|---|---|
| 2023 Aug | 5.65 |
| 2023 Jul | 6.75 |
| 2023 Jun | 6.69 |
| 2023 May | 6.68 |
| 2023 Apr | 6.59 |
| 2023 Mar | 6.66 |
| 2023 Feb | 6.8 |
| 2023 Jan | 7.69 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 134.84 | 2021 | percent |
| Trade openness | 68.97 | 2023 | percent |
| Financial openness | -1.931 | 2021 | index points |
| Exports, percent of GDP | 39.17 | 2023 | percent |
| Exports, billion dollars | 9.25 | 2023 | billion U.S. dollars |
| Growth of exports | 50.41 | 2023 | percent |
| Imports, percent of GDP | 29.81 | 2023 | percent |
| Imports, billion dollars | 7.04 | 2023 | 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 | -8.60 | 2023 | 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 | 2.36 | 2023 | percent |
| Remittances | 557.81 | 2023 | 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 | 5.65 | 8/2023 | billion |