Guinea: Commercial service imports (current US$)

Key figures

What the numbers say

In 2024, Guinea's commercial service imports (current US$) fell 4.2% on 2023 (from US$3.28 billion to US$3.15 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +19.7% and a typical year strayed about 64.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 262.5% in 2023 and the biggest yearly fall was 54.9% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$275.15 million a year. A straight line explains 59% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Guinea had the 6th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Guinea in the 2024 ranking

• Jordan — 3rd of 29: US$6.27 billion
• Ethiopia — 4th of 29: US$5.5 billion
• Kyrgyz Republic — 5th of 29: US$3.41 billion
• Tanzania — 7th of 29: US$2.7 billion
• Namibia — 8th of 29: US$2.44 billion
• Papua New Guinea — 9th of 29: US$2.4 billion

What this measures

Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Balance of payments statistics, the main source of information on international trade in services, have many weaknesses. Disaggregation of important components may be limited and varies considerably across countries. There are inconsistencies in the methods used to report items. And the recording of major flows as net items is common (for example, insurance transactions are often recorded as premiums less claims). These factors contribute to a downward bias in the value of the service trade reported in the balance of payments. Efforts are being made to improve the coverage, quality, and consistency of these data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 39 values

Commercial service imports (current US$) in nearby economies

• Angola — US$8.16 billion (2025)
• Benin — US$1.54 billion (2023)
• Botswana — US$1.3 billion (2025)
• Burkina Faso — US$1.41 billion (2024)
• Burundi — US$389.34 million (2025)
• Cabo Verde — US$328.28 million (2025)
• Cameroon — US$2.37 billion (2024)
• Comoros — US$203.75 million (2023)
• Congo, Dem. Rep. — US$4.59 billion (2025)
• Congo, Rep. — US$1.68 billion (2021)

More private sector & trade data for Guinea

• Merchandise imports (current US$) — US$8.34 billion (2025)
• Merchandise exports (current US$) — US$15.1 billion (2025)
• Merchandise trade (% of GDP) — 82.72% (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 57.02% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
• Merchandise imports by the reporting economy (current US$) — US$5.42 billion (2023)
• Merchandise exports to high-income economies (% of total merchandise exports) — 18.91% (2023)
• Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)

Reading data like this

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Questions people ask

What is Guinea's commercial service imports (current US$)?

US$3.15 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1986?

It is up 2,558% from US$118.35 million in 1986 (9.02% a year on average, compounded). The highest value was US$3.28 billion in 2023 and the lowest US$118.35 million in 1986.

How does Guinea rank?

6th highest of 29 economies with data for 2024.

Is the latest change in commercial service imports (current US$) unusual for Guinea?

In 2024, Guinea's commercial service imports (current US$) fell 4.2% on 2023 (from US$3.28 billion to US$3.15 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +19.7% and a typical year strayed about 64.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.VAL.SERV.CD.WT, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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