Foreign trade as a share of GDP reached 90.2 % in 2020 in Guinea, according to the National Statistical Office. This is 24.9 % more than in the previous year.
Historically, foreign trade as a share of GDP in Guinea reached an all time high of 112 % in 2016 and an all time low of % in. When compared to Guinea's main peers, foreign trade as a share of GDP in Liberia amounted to 123 %, 59.8 % in Mali, 59.3 % in Senegal and 50.2 % in Sierra Leone in 2020.
Guinea has been ranked 42nd within the group of 133 countries we follow in terms of foreign trade as a share of GDP, 55 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.