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Economy of Greece vs Guinea compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $25B for Guinea, ranking 53/197 and 118/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $12.2B (48.8% of GDP) in Guinea.

Greece vs Guinea GDP by year

Greece
Guinea
1x
Year GDP, current $
Greece Guinea
2024 $256,238,371,778 $25,008,678,293
2023 $242,946,187,738 $22,407,615,556
2022 $217,990,189,601 $19,910,452,542
2021 $218,303,801,895 $17,069,115,738
2020 $191,362,985,555 $14,088,693,743
2019 $207,305,649,887 $13,442,861,496
2018 $213,298,873,494 $11,857,030,367
2017 $200,381,103,984 $10,324,668,271
2016 $193,097,239,006 $8,595,955,222
2015 $194,567,373,678 $8,794,201,743
2014 $233,911,581,521 $8,778,473,373
2013 $236,556,279,641 $8,376,613,539
2012 $238,841,140,018 $7,638,044,557
2011 $283,228,079,776 $6,785,137,203
2010 $296,417,644,404 $6,853,467,146
2009 $326,829,054,686 $6,716,905,340
2008 $351,121,399,546 $6,964,179,983
2007 $314,226,996,944 $6,281,918,226
2006 $269,073,415,334 $4,220,019,845
2005 $242,315,668,619 $4,282,468,637
2004 $234,979,615,898 $5,300,767,961
2003 $196,930,509,813 $5,025,167,975
2002 $150,253,800,086 $4,301,608,753
2001 $132,050,474,720 $4,125,527,603
2000 $125,760,166,225 $4,367,458,867
1999 $137,131,371,955 $5,046,806,783
1998 $139,612,812,176 $5,232,118,046
1997 $138,766,067,640 $5,516,916,163
1996 $142,502,984,145 $5,641,243,100
1995 $134,974,613,914 $5,385,704,166
1994 $114,980,063,202 $4,932,800,407
1993 $107,295,704,518 $4,781,166,117
1992 $114,608,178,405 $4,789,220,417
1991 $103,680,863,713 $4,396,178,694
1990 $96,529,587,274 $3,888,320,666
1989 $78,067,933,277 $3,546,079,263
1988 $75,200,610,137 $3,476,480,303
1987 $64,739,630,096 $2,976,714,019
1986 $55,595,445,472 $2,909,130,355
1985 $47,155,741,426 $22,787,644,566
1984 $47,352,146,312 $18,421,497,251
1983 $48,741,397,059 $15,129,893,722
1982 $53,858,346,939 $11,926,032,493
1981 $51,618,456,335 $9,646,440,667
1980 $56,039,256,595 $9,746,524,915
1979 $53,724,121,435 $8,877,094,497
1978 $43,654,480,519 $8,087,305,999
1977 $35,673,080,481 $6,914,381,291
1976 $30,719,552,239 $6,762,781,871
1975 $28,129,128,587 $6,102,769,605
1974 $24,998,715,909 $5,691,417,541
1973 $22,037,019,563 $5,152,080,388
1972 $16,650,659,091 $4,203,069,035
1971 $14,388,806,818 $3,594,302,908
1970 $12,957,113,636 $3,220,224,608
1969 $11,454,106,327 -
1968 $9,950,331,206 -
1967 $9,146,592,856 -
1966 $8,472,021,467 -
1965 $7,582,209,670 -
1964 $6,576,906,345 -
1963 $5,813,285,627 -
1962 $5,140,542,929 -
1961 $4,892,397,431 -
1960 $4,274,890,307 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/greece/guinea | CC BY

GDP per capita in Greece vs Guinea by year

Greece
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $1,695 $4,565
2023 $23,344 $42,711 $1,555 $4,334
2022 $20,887 $39,612 $1,417 $4,062
2021 $20,655 $33,531 $1,245 $3,739
2020 $17,887 $29,533 $1,054 $3,332
2019 $19,335 $31,927 $1,031 $3,106
2018 $19,873 $29,792 $933 $2,844
2017 $18,632 $28,682 $834 $2,687
2016 $17,919 $27,505 $712 $2,255
2015 $17,981 $26,608 $747 $1,930
2014 $21,475 $26,450 $765 $1,873
2013 $21,573 $25,731 $748 $1,842
2012 $21,624 $24,583 $699 $1,790
2011 $25,505 $25,693 $637 $1,705
2010 $26,653 $27,839 $659 $1,622
2009 $29,425 $29,963 $662 $1,567
2008 $31,696 $30,441 $704 $1,614
2007 $28,441 $28,896 $650 $1,558
2006 $24,416 $28,076 $447 $1,453
2005 $22,054 $25,004 $463 $1,422
2004 $21,449 $24,826 $585 $1,366
2003 $18,021 $23,253 $566 $1,328
2002 $13,782 $21,985 $496 $1,315
2001 $12,157 $20,304 $483 $1,251
2000 $11,638 $18,820 $518 $1,196
1999 $12,743 $17,758 $611 $1,163
1998 $13,023 $17,434 $647 $1,130
1997 $13,016 $16,630 $696 $1,099
1996 $13,433 $15,778 $726 $1,048
1995 $12,779 $15,218 $713 $1,014
1994 $10,937 $14,667 $672 $976
1993 $10,257 $14,150 $671 $947
1992 $11,021 $14,130 $693 $908
1991 $10,047 $13,824 $656 $887
1990 $9,467 $13,126 $604 $871
1989 $7,738 - $570 -
1988 $7,492 - $574 -
1987 $6,474 - $505 -
1986 $5,578 - $506 -
1985 $4,747 - $4,062 -
1984 $4,785 - $3,362 -
1983 $4,950 - $2,823 -
1982 $5,502 - $2,273 -
1981 $5,305 - $1,876 -
1980 $5,812 - $1,931 -
1979 $5,627 - $1,790 -
1978 $4,629 - $1,658 -
1977 $3,832 - $1,440 -
1976 $3,343 - $1,431 -
1975 $3,109 - $1,311 -
1974 $2,789 - $1,243 -
1973 $2,468 - $1,143 -
1972 $1,873 - $948 -
1971 $1,629 - $825 -
1970 $1,474 - $753 -
1969 $1,306 - - -
1968 $1,138 - - -
1967 $1,053 - - -
1966 $984 - - -
1965 $887 - - -
1964 $773 - - -
1963 $686 - - -
1962 $608 - - -
1961 $583 - - -
1960 $513 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/greece/guinea | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $1,695 in Guinea, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Guinea ranks 161st at $4,565.

Economic indicators

Greece Guinea
Gross domestic product
$256B
2024
$25B
2024
GDP rank
53/197
2024
118/197
2024
GDP growth
2.09%
2023-2024
5.35%
2023-2024
GDP per capita
$24,626
2024
$1,695
2024
GDP per capita rank
49/197
2024
160/197
2024
GDP per capita, PPP
$44,327
2024
$4,565
2024
GDP per capita PPP rank
52/197
2024
161/197
2024
Government debt
$397B
2024
$12.2B
2024
Debt-to-GDP ratio
154.8%
2024
48.8%
2024
Government debt per person
$38,119
2024
$828
2024
Government debt per person rank
16/185
2024
147/185
2024
Average annual personal income after taxes
$14,396
2026
$20,020
2026
Market capitalization of domestic companies
$83.2B
2024
n/a
Number of billionaires
16
2025
n/a
Income share by richest 10%
26%
2023
23.1%
2018
Income share by poorest 10%
2.7%
2023
3.5%
2018
Government expenditure, % of GDP
48%
2024
20.6%
2024
Consumer prices inflation
2.74%
2023-2024
4.7%
2023-2024
Unemployment rate
10%
2024
5.02%
2019
Population
10181414
15546235

Spending and national debt comparison by year

Greece
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Greece Guinea
Government spending Government debt Government spending Government debt
2024 48% 154.8% 20.6% 48.8%
2023 49.5% 165.2% 18.3% 40.4%
2022 52.8% 178.4% 15.7% 37.9%
2021 56.7% 197.8% 15.1% 40.6%
2020 59.3% 209.9% 17.1% 45.3%
2019 47.6% 183.7% 14.9% 37.3%
2018 48.6% 189.6% 15.9% 37.5%
2017 48.5% 182.6% 17.3% 39.9%
2016 50.3% 183.7% 16.1% 40.6%
2015 51.9% 180% 21.7% 41.5%
2014 51.5% 182.8% 20.1% 32.1%
2013 53% 180.5% 18.6% 30.5%
2012 54.9% 164.3% 19.6% 26.9%
2011 55.1% 175.1% 16% 53.8%
2010 53.1% 147.8% 20.5% 71.1%
2009 54.8% 128.5% 16.2% 61.3%
2008 51.5% 110.9% 10.1% 58.5%
2007 47.8% 104.6% 8.66% 60.8%
2006 45.9% 105.3% 13.2% 95.2%
2005 46.6% 109.9% 11% 97.9%
2004 48.8% 105.5% 13% 86.9%
2003 47.9% 104.3% 14.7% 81.6%
2002 47.1% 107.9% 14.4% 82.6%
2001 47.5% 110.5% 14.9% 90.4%
2000 48.2% 108.9% 12.6% 91.5%
1999 48% 102.8% 11.6% 92.3%
1998 46.7% 100.8% 10.3% 75.9%
1997 45.1% 102.6% 12.6% 67.9%
1996 46.1% 103.7% 12% 67.7%
1995 46.6% 100.4% 12.7% 66.5%
1994 36.9% 99.7% 12.6% 71.3%
1993 38.6% 101.7% 13.3% 68.9%
1992 36.9% 81.1% 13.8% 62%
1991 35.2% 75.7% 16.3% 70.9%
1990 38.5% 74.2% 18.7% 71.6%
1989 34.8% 60.7% - -
1988 33.8% 57.9% - -
1987 34% 53.2% - -
1986 33.8% 47.8% - -
1985 34.2% 47.3% - -
1984 32% 40.6% - -
1983 30.2% 34.1% - -
1982 28.7% 29.7% - -
1981 28.1% 27.1% - -
1980 24.5% 22.8% - -
1979 24.1% 22.7% - -
1978 30.1% 32.3% - -
1977 30.1% 24.5% - -
1976 29.1% 23.7% - -
1975 28.7% 24.1% - -
1974 25.3% 22.5% - -
1973 24.3% 22% - -
1972 26.8% 26.5% - -
1971 25.8% 25% - -
1970 25.2% 24.7% - -
1969 29.7% 25.8% - -
1968 26.3% 23% - -
1967 24.6% 21.1% - -
1966 22.8% 19% - -
1965 21.7% 16.5% - -
1964 20.4% 21.3% - -
1963 19.5% 22.6% - -
1962 19.7% 16.6% - -
1961 19.3% 14.4% - -
1960 20% 13.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/greece/guinea | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Guinea spent $5.14B, or 20.6% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 48.8% in Guinea, ranking 7/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Guinea
1x
Year Deficit/surplus, % of GDP
Greece Guinea
2024 1.34% -4.99%
2023 -1.35% -3.86%
2022 -2.46% -1.88%
2021 -7.58% -1.7%
2020 -10.3% -3.08%
2019 -0.09% -0.17%
2018 0.78% -0.97%
2017 1.05% -1.98%
2016 0.28% -0.08%
2015 -3.03% -6.53%
2014 -4.29% -3.01%
2013 -4.06% -3.86%
2012 -6.94% 23.7%
2011 -10.5% -0.92%
2010 -11.4% -9.66%
2009 -15.4% -4.87%
2008 -10.3% 0.38%
2007 -6.81% 1.28%
2006 -6.04% -2.13%
2005 -6.33% -1.06%
2004 -9.05% -3.85%
2003 -8.05% -4.65%
2002 -6.2% -3.37%
2001 -5.64% -3.23%
2000 -4.21% -2.42%
1999 -6.02% -1.3%
1998 -6.48% 2.46%
1997 -6.25% 0.07%
1996 -8.35% -2.2%
1995 -9.87% -1.07%
1994 -8.48% -2.59%
1993 -11.5% -2.33%
1992 -10.6% -0.89%
1991 -9.63% -3.25%
1990 -13.3% -3.76%
1989 -11.9% -
1988 -9.63% -
1987 -8.09% -
1986 -8.62% -
1985 -9.56% -
1984 -7.19% -
1983 -6.17% -
1982 -5.49% -
1981 -7.08% -
1980 -2.5% -
1979 -2.34% -
1978 -5.39% -
1977 -5.21% -
1976 -5.05% -
1975 -5.3% -
1974 -4.39% -
1973 -3.71% -
1972 -4.16% -
1971 -3.32% -
1970 -3.24% -
1969 -6.65% -
1968 -3.39% -
1967 -2.59% -
1966 -2.17% -
1965 -2.55% -
1964 -2.89% -
1963 -2.25% -
1962 -2.4% -
1961 -2.69% -
1960 -3.3% -
1959 -2.77% -
1958 -2.27% -
1957 -2.45% -
1956 -0.39% -
1955 -3.57% -
1954 -2.87% -
1953 -3.01% -
1952 -7.21% -
1951 -11.5% -
1950 -12.7% -
1949 -10.4% -
1948 -7.65% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 0.48% -
1938 1.78% -
1937 1.06% -
1936 0.95% -
1935 0.72% -
1934 0.88% -
1933 -2.79% -
1932 -1.78% -
1931 -4% -
1930 -2.23% -
1929 -18.7% -
1928 -0.27% -
1927 2.65% -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -8.96% -
1912 -7.43% -
1911 -4.61% -
1910 -1.53% -
1909 -2.64% -
1908 -1.54% -
1907 -1.23% -
1906 0.66% -
1905 0.91% -
1904 -0.04% -
1903 -0.22% -
1902 -1.67% -
1901 0.1% -
1900 0.41% -
1899 0.86% -
1898 -34.5% -
1897 -8.46% -
1896 0.82% -
1895 0.37% -
1894 2.91% -
1893 0.14% -
1892 -2.28% -
1891 -6.48% -
1890 -11.2% -
1889 -15.7% -
1888 -3.59% -
1887 -4.88% -
1886 -11.5% -
1885 -12.1% -
1884 -7.16% -
1883 -2.42% -
1882 -1.69% -
1881 -14.5% -
1880 -13.5% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/greece/guinea | CC BY

In 2024, Greece's government surplus, the difference between spending and revenue, was $3.43B, equivalent to 1.34% of GDP. This compares to Guinea's deficit of $1.25B, or 4.99% of GDP.

Over the past 35 years, Greece recorded a fiscal deficit in 31 of those years, while Guinea ran a deficit in 30 years. On average, Greece posted an annual deficit equal to 6.49% of GDP, compared to deficit of 1.65% of GDP for Guinea.

Inflation comparison by year

Inflation
Greece

Guinea
1x
Year Consumer prices inflation
Greece Guinea
2024 2.74% 4.7%
2023 3.46% 5.4%
2022 9.65% 10.5%
2021 1.22% 12.6%
2020 -1.25% 10.6%
2019 0.25% 9.5%
2018 0.63% 9.8%
2017 1.12% 8.9%
2016 -0.83% 8.2%
2015 -1.74% 8.2%
2014 -1.31% 9.7%
2013 -0.92% 11.9%
2012 1.5% 15.2%
2011 3.33% 21.4%
2010 4.71% 15.5%
2009 1.21% 4.7%
2008 4.15% 18.4%
2007 2.9% 22.9%
2006 3.2% 34.7%
2005 3.55% 31.4%
2004 2.9% 17.5%
2003 3.53% 11%
2002 3.63% 3%
2001 3.37% 5.4%
2000 3.15% 6.8%
1999 2.64% 4.6%
1998 4.77% 5.1%
1997 5.54% 1.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/greece/guinea | CC BY

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 11.8% in Guinea. In 2024, inflation was 2.74% in Greece and 4.7% in Guinea.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $2.31M
Raw materials & minerals $1.44M
Chemicals & pharma $545K
Animal & marine products $322K
Metals $156K
Processed food, beverages & tobacco $100K
Textiles & consumer goods $63K
Miscellaneous $16K
Raw agricultural goods $10K
Wood & paper products $1K
Guinea
Export category Export value

Balance of trade

Greece Guinea
Current account balance
-$18.2B
2024
-$392M
2024
Current account balance ranking
182/190
2024
104/190
2024
Current account balance, % of GDP
-7.11%
2024
-1.57%
2024
Goods imports
$91.2B
2024
$7.08B
2024
Goods exports
$52.6B
2024
$11.6B
2024
Service imports
$31.1B
2024
$3.15B
2024
Service exports
$55.8B
2024
$71.2M
2024
Imports of goods and services, % of GDP
47.7%
2024
56.4%
2024
Exports of goods and services, % of GDP
42.1%
2024
41.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Greece Guinea
Economic freedom 63.2 53.1
Economic freedom ranking 82/197 141/197
Property rights 78 21.3
Government integrity 54.8 26.7
Judicial effectiveness 68 26
Tax burden 59.9 70.1
Government spending 24.7 90.1
Fiscal health 78.9 74.8
Business freedom 77.8 44.8
Labor freedom 59.7 56.4
Monetary freedom 72.6 75.3
Trade freedom 79.4 61.8
Investment freedom 55 50
Financial freedom 50 40

Economic freedom comparison by year

Greece
Guinea
1x
Year Economic freedom index
Greece Guinea
2026 63.2 53.1
2025 60.6 54.6
2024 55.1 53.3
2023 56.9 53.2
2022 61.5 54.2
2021 60.9 56.5
2020 59.9 56.5
2019 57.7 55.7
2018 57.3 52.2
2017 55 47.6
2016 53.2 53.3
2015 54 52.1
2014 55.7 53.5
2013 55.4 51.2
2012 55.4 50.8
2011 60.3 51.7
2010 62.7 51.8
2009 60.8 51
2008 60.6 52.8
2007 58.7 54.5
2006 60.1 52.8
2005 59 57.4
2004 59.1 56.1
2003 58.8 54.6
2002 59.1 52.9
2001 63.4 58.4
2000 61 58.2
1999 61 59.4
1998 60.6 61
1997 59.6 52.9
1996 60.5 58.5
1995 61.2 59.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/greece/guinea | CC BY

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Guinea
Services, % of GDP
68%
2024
36.3%
2024
Industry, % of GDP
15%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
31%
2024
GNI, Atlas method
$236B
2024
$21.3B
2024
GNI per capita, PPP
$43,340
2024
$4,130
2024
Total reserves including gold
$15.2B
2024
$1.89B
2023
Total reserves ranking
67/177
2024
128/177
2023
Net foreign direct investment
-$4.52B
2024
-$1.4B
2024
Net inflows of foreign direct investment
$6.74B
2024
$1.4B
2024
Net outflows of foreign direct investment
$2.22B
2024
$30K
2024
Servicing debt to the IMF, % of GNI n/a
1.94%
2024
Poverty at national poverty lines
18.8%
2021
47%
2020
Gross capital formation, % of GDP
18.3%
2024
32.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/greece/guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.