Guinea - Balance of payments



At the beginning of 1999, external debt totaled $3.4 billion, representing 74% of GDP. The country relies on mining exports for revenue. Significant debt relief programs are working towards alleviating debt servicing commitments.

The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Guinea's exports was $694.5 million while imports totaled $555.2 million resulting in a trade surplus of $139.3 million.

The International Monetary Fund (IMF) reports that in 2001 Guinea had exports of goods totaling $731 million and imports totaling $562 million. The services credit totaled $103 million and debit $319 million. The following table summarizes Guinea's balance of payments as reported by the IMF for 2001 in millions of US dollars.

Guinea

Current Account -102
Balance on goods 169
Balance on services -216
Balance on income -102
Current transfers 47
Capital Account
Financial Account -12
Direct investment abroad
Direct investment in Guinea 2
Portfolio investment assets 5
Portfolio investment liabilities
Other investment assets 12
Other investment liabilities -30
Net Errors and Omissions -2
Reserves and Related Items 117
Also read article about Guinea from Wikipedia

User Contributions:

1
haba moriba
Report this comment as inappropriate
Dec 30, 2012 @ 6:06 am
I need to know balance payement adjustment in Republic of Guinea

Comment about this article, ask questions, or add new information about this topic: