Guinea - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Guinea was 40.55 as of 2020. Its highest value over the past 50 years was 40.55 in 2020, while its lowest value was 0.48 in 1970.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1970 0.48
1981 8.57
1982 12.25
1983 10.60
1984 14.97
1985 15.04
1986 6.65
1987 3.52
1988 4.43
1989 5.65
1990 4.40
1991 5.82
1992 7.99
1993 12.84
1994 8.13
1995 19.18
1996 15.04
1997 15.89
1998 15.01
1999 16.20
2000 13.91
2001 15.86
2002 17.74
2003 25.82
2004 17.55
2005 16.82
2006 32.24
2007 22.72
2008 27.59
2009 30.87
2010 32.51
2011 31.60
2012 33.16
2013 34.51
2014 39.21
2015 37.28
2016 32.72
2017 30.10
2018 32.46
2019 37.65
2020 40.55

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports