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Guinea economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Guinea ranked 118/197 by economy size with a GDP of $25B and 160/197 by GDP per capita at $1,695. Guinea has $12.2B in government debt, with a debt-to-GDP ratio of 48.8%.

In 2024, Guinea made up 0.02% of the world's economy, compared to 0.11% in 1970.

Guinea GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $25,008,678,293 5.35%
2023 $22,407,615,556 5.54%
2022 $19,910,452,542 3.97%
2021 $17,069,115,738 5.58%
2020 $14,088,693,743 4.7%
2019 $13,442,861,496 5.62%
2018 $11,857,030,367 6.36%
2017 $10,324,668,271 10.3%
2016 $8,595,955,222 10.8%
2015 $8,794,201,743 3.83%
2014 $8,778,473,373 3.7%
2013 $8,376,613,539 3.95%
2012 $7,638,044,557 5.92%
2011 $6,785,137,203 5.61%
2010 $6,853,467,146 4.81%
2009 $6,716,905,340 -1.12%
2008 $6,964,179,983 4.13%
2007 $6,281,918,226 6.82%
2006 $4,220,019,845 1.19%
2005 $4,282,468,637 3%
2004 $5,300,767,961 2.34%
2003 $5,025,167,975 1.25%
2002 $4,301,608,753 5.16%
2001 $4,125,527,603 3.66%
2000 $4,367,458,867 2.5%
1999 $5,046,806,783 3.81%
1998 $5,232,118,046 3.64%
1997 $5,516,916,163 5.18%
1996 $5,641,243,100 4.46%
1995 $5,385,704,166 4.61%
1994 $4,932,800,407 3.97%
1993 $4,781,166,117 5.04%
1992 $4,789,220,417 3.27%
1991 $4,396,178,694 2.61%
1990 $3,888,320,666 4.32%
1989 $3,546,079,263 4%
1988 $3,476,480,303 6.31%
1987 $2,976,714,019 3.3%
1986 $2,909,130,355 3.11%
1985 $22,787,644,566 5%
1984 $18,421,497,251 1.4%
1983 $15,129,893,722 1.3%
1982 $11,926,032,493 1.8%
1981 $9,646,440,667 0.61%
1980 $9,746,524,915 2.6%
1979 $8,877,094,497 -1.21%
1978 $8,087,305,999 6.8%
1977 $6,914,381,291 -3.35%
1976 $6,762,781,871 7.92%
1975 $6,102,769,605 2.88%
1974 $5,691,417,541 5.25%
1973 $5,152,080,388 1.57%
1972 $4,203,069,035 2.32%
1971 $3,594,302,908 5.37%
1970 $3,220,224,608 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/guinea | CC BY

Guinea GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $1,695 $4,565
2023 $1,555 $4,334
2022 $1,417 $4,062
2021 $1,245 $3,739
2020 $1,054 $3,332
2019 $1,031 $3,106
2018 $933 $2,844
2017 $834 $2,687
2016 $712 $2,255
2015 $747 $1,930
2014 $765 $1,873
2013 $748 $1,842
2012 $699 $1,790
2011 $637 $1,705
2010 $659 $1,622
2009 $662 $1,567
2008 $704 $1,614
2007 $650 $1,558
2006 $447 $1,453
2005 $463 $1,422
2004 $585 $1,366
2003 $566 $1,328
2002 $496 $1,315
2001 $483 $1,251
2000 $518 $1,196
1999 $611 $1,163
1998 $647 $1,130
1997 $696 $1,099
1996 $726 $1,048
1995 $713 $1,014
1994 $672 $976
1993 $671 $947
1992 $693 $908
1991 $656 $887
1990 $604 $871
1989 $570 -
1988 $574 -
1987 $505 -
1986 $506 -
1985 $4,062 -
1984 $3,362 -
1983 $2,823 -
1982 $2,273 -
1981 $1,876 -
1980 $1,931 -
1979 $1,790 -
1978 $1,658 -
1977 $1,440 -
1976 $1,431 -
1975 $1,311 -
1974 $1,243 -
1973 $1,143 -
1972 $948 -
1971 $825 -
1970 $753 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/guinea | CC BY

Guinea has a GDP per capita of $1,695, ranking 160/197, a GDP per capita based on purchasing power parity (PPP) of $4,565, ranking 161/197, and a median annual after tax income of $20,020, ranking 46/197.

Guinea GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 117 150 147
2023 117 160 157
2022 119 163 157
2021 124 164 157
2020 129 168 158
2019 136 170 163
2018 143 173 163
2017 143 174 164
2016 144 180 170
2015 145 180 175
2014 147 180 175
2013 146 181 177
2012 147 182 176
2011 147 186 179
2010 146 181 178
2009 143 179 180
2008 141 172 178
2007 138 169 177
2006 143 179 177
2005 142 172 177
2004 130 158 178
2003 127 155 176
2002 127 157 172
2001 122 157 172
2000 121 153 173
1999 112 142 170
1998 112 139 167
1997 109 141 168
1996 109 135 166
1995 106 136 166
1994 102 128 165
1993 102 130 161
1992 102 128 163
1991 105 134 162
1990 109 139 160
1989 101 124 -
1988 101 123 -
1987 101 124 -
1986 93 118 -
1985 47 40 -
1984 53 44 -
1983 58 50 -
1982 60 59 -
1981 62 70 -
1980 63 66 -
1979 60 63 -
1978 59 54 -
1977 59 55 -
1976 57 53 -
1975 57 52 -
1974 56 52 -
1973 53 47 -
1972 53 47 -
1971 54 47 -
1970 53 47 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/guinea | CC BY

Compared with 2000, in 2024 Guinea is ranked 117th out of 182 by GDP (up from 121st), 150th by GDP per capita (up from 153rd), and 147th by GDP per capita PPP (up from 173rd).

Economic indicators

Guinea Rank
Gross domestic product
$25B
2024
118/197
GDP growth
5.35%
2023-2024
31/194
GDP per capita
$1,695
2024
160/197
GDP per capita, PPP
$4,565
2024
161/197
Government debt
$12.2B
2024
119/185
Debt-to-GDP ratio
48.8%
2024
111/185
Government debt per person
$828
2024
147/185
Average annual personal income after taxes
$20,020
2026
46/197
Income share by richest 10%
23.1%
2018
144/169
Income share by poorest 10%
3.5%
2018
35/169
Government expenditure, % of GDP
20.6%
2024
150/195
Consumer prices inflation
4.7%
2023-2024
57/195
Unemployment rate
5.02%
2019
106/196
Population
15546235
75/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 20.6% 48.8% -4.99%
2023 18.3% 40.4% -3.86%
2022 15.7% 37.9% -1.88%
2021 15.1% 40.6% -1.7%
2020 17.1% 45.3% -3.08%
2019 14.9% 37.3% -0.17%
2018 15.9% 37.5% -0.97%
2017 17.3% 39.9% -1.98%
2016 16.1% 40.6% -0.08%
2015 21.7% 41.5% -6.53%
2014 20.1% 32.1% -3.01%
2013 18.6% 30.5% -3.86%
2012 19.6% 26.9% 23.7%
2011 16% 53.8% -0.92%
2010 20.5% 71.1% -9.66%
2009 16.2% 61.3% -4.87%
2008 10.1% 58.5% 0.38%
2007 8.66% 60.8% 1.28%
2006 13.2% 95.2% -2.13%
2005 11% 97.9% -1.06%
2004 13% 86.9% -3.85%
2003 14.7% 81.6% -4.65%
2002 14.4% 82.6% -3.37%
2001 14.9% 90.4% -3.23%
2000 12.6% 91.5% -2.42%
1999 11.6% 92.3% -1.3%
1998 10.3% 75.9% 2.46%
1997 12.6% 67.9% 0.07%
1996 12% 67.7% -2.2%
1995 12.7% 66.5% -1.07%
1994 12.6% 71.3% -2.59%
1993 13.3% 68.9% -2.33%
1992 13.8% 62% -0.89%
1991 16.3% 70.9% -3.25%
1990 18.7% 71.6% -3.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea | CC BY

This chart shows Guinea's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of them, with an average annual deficit equal to 1.65% of GDP. In 2024, government spending reached $5.14B (20.6% of GDP), with a deficit of 4.99%.

The national debt reached $12.2B, ranking 119th out of 185 countries by total size, with a debt-to-GDP ratio of 48.8%, ranking 111th.

Inflation rate by year

1x
Year Inflation
2024 4.7%
2023 5.4%
2022 10.5%
2021 12.6%
2020 10.6%
2019 9.5%
2018 9.8%
2017 8.9%
2016 8.2%
2015 8.2%
2014 9.7%
2013 11.9%
2012 15.2%
2011 21.4%
2010 15.5%
2009 4.7%
2008 18.4%
2007 22.9%
2006 34.7%
2005 31.4%
2004 17.5%
2003 11%
2002 3%
2001 5.4%
2000 6.8%
1999 4.6%
1998 5.1%
1997 1.9%
1996 3%
1995 5.6%
1994 4.2%
1993 7.1%
1992 16.6%
1991 19.7%
1990 25.7%
1989 28.3%
1988 27.3%
1987 36.9%
1986 64.7%
1985 19%
1984 26%
1983 30.3%
1982 29.9%
1981 35%
1980 40%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1980–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea | CC BY

Over the past 20 years, Guinea has had an average annual inflation rate of 13.7%. In 2024, inflation was 4.7%. The bar chart above shows consumer price inflation by year.

Balance of trade

Guinea Rank
Current account balance
-$392M
2024
104/190
Current account balance, % of GDP
-1.57%
2024
100/190
Goods imports
$7.08B
2024
122/189
Goods exports
$11.6B
2024
95/189
Service imports
$3.15B
2024
105/189
Service exports
$71.2M
2024
177/189
Imports of goods and services, % of GDP
56.4%
2024
59/181
Exports of goods and services, % of GDP
41.4%
2024
80/193

Guinea top 10 trading partners

Guinea's biggest trading partner accounting for 19.2% of all exports and imports is the United Arab Emirates, with a trade balance between the two of +$191M: Guinea exports $664M worth of goods and services to the United Arab Emirates and imports $473M.

Below is the list of the top 10 trade partners of Guinea.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 UAE $1.14B 19.2% $664M $473M Precious metals & jewellery Raw agricultural goods
2 China $721M 12.2% $128M $593M Raw materials & minerals Machinery & equipment
3 India $513M 8.67% $220M $293M Precious metals & jewellery Raw agricultural goods
4 Netherlands $463M 7.83% $10.9M $452M Raw agricultural goods Raw materials & minerals
5 France $394M 6.66% $146M $248M Precious metals & jewellery Machinery & equipment
6 Ghana $387M 6.54% $370M $17.1M Precious metals & jewellery Textiles & consumer goods
7 Belgium $246M 4.16% $44.9M $201M Precious metals & jewellery Machinery & equipment
8 United Kingdom $225M 3.81% $147K $225M Precious metals & jewellery Machinery & equipment
9 Switzerland $191M 3.23% $185M $6.16M Precious metals & jewellery Raw materials & minerals
10 Spain $181M 3.05% $142M $38.2M Raw materials & minerals Raw materials & minerals

Top 10 exports

Guinea Rank
Precious metals & jewellery $1.57B 52/190
Raw materials & minerals $658M 116/193
Manufacturing & construction services $83.8M 86/164
Raw agricultural goods $59.2M 130/193
Business & finance services $40.4M 142/188
Chemicals & pharma $36.9M 128/193
Animal & marine products $34.4M 132/192
Machinery & equipment $16.3M 159/193
Processed food, beverages & tobacco $10.8M 161/192
Government & miscellaneous services $8.54M 142/180

Top 10 imports

Guinea Rank
Machinery & equipment $1.31B 134/193
Raw agricultural goods $702M 98/193
Raw materials & minerals $624M 146/193
Transport & tourism services $582M 142/188
Chemicals & pharma $288M 149/193
Business & finance services $207M 138/188
Processed food, beverages & tobacco $205M 156/193
Textiles & consumer goods $160M 155/193
Metals $135M 154/193
IT & IP services $60.2M 131/182

Economic freedom indices

Guinea Rank
Economic freedom 53.1 141/197
Property rights 21.3 157/182
Government integrity 26.7 139/182
Judicial effectiveness 26 140/182
Tax burden 70.1 143/182
Government spending 90.1 24/180
Fiscal health 74.8 93/181
Business freedom 44.8 147/182
Labor freedom 56.4 88/182
Monetary freedom 75.3 76/180
Trade freedom 61.8 143/181
Investment freedom 50 110/181
Financial freedom 40 113/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 53.1 26 70.1 90.1 74.8
2025 54.6 26.5 70.4 93 93.4
2024 53.3 26.7 70.1 92.7 92.2
2023 53.2 24.1 70.1 92.5 91.7
2022 54.2 27.8 69.3 92.8 92
2021 56.5 33.4 69.7 92.5 95.3
2020 56.5 33.3 70 91.4 93.8
2019 55.7 32.6 69.4 89.8 87.2
2018 52.2 28.2 65.9 80.6 61
2017 47.6 13.1 69.1 78.4 34.2
2016 53.3 - 68.5 81.2 -
2015 52.1 - 68.1 79.5 -
2014 53.5 - 69.3 86.2 -
2013 51.2 - 69.6 82.6 -
2012 50.8 - 69.3 82.6 -
2011 51.7 - 69.6 90.9 -
2010 51.8 - 69.9 93.1 -
2009 51 - 71.1 91.9 -
2008 52.8 - 70.1 88.7 -
2007 54.5 - 74.3 91.8 -
2006 52.8 - 70.3 90 -
2005 57.4 - 71 90 -
2004 56.1 - 71.2 89.1 -
2003 54.6 - 71.2 91.6 -
2002 52.9 - 71.3 92.3 -
2001 58.4 - 71.3 92.3 -
2000 58.2 - 71.3 89.2 -
1999 59.4 - 71.4 92.1 -
1998 61 - 71.4 90.5 -
1997 52.9 - 71.4 90.8 -
1996 58.5 - 71.4 89.1 -
1995 59.4 - 71.3 86.4 -

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

GeoRank.org/economy/guinea | CC BY

Guinea is ranked 125/174 for economic freedom with a score of 53.1, compared to 125/162 and a score of 52.8 in 2006.

Other economic metrics

Guinea Rank
Services, % of GDP
36.3%
2024
184/191
Industry, % of GDP
25.1%
2024
87/194
Agriculture, forestry, and fishing, % of GDP
31%
2024
13/193
GNI, Atlas method
$21.3B
2024
118/194
GNI per capita, PPP
$4,130
2024
161/191
Total reserves including gold
$1.89B
2023
128/177
Net foreign direct investment
-$1.4B
2024
128/189
Net inflows of foreign direct investment
$1.4B
2024
86/193
Net outflows of foreign direct investment
$30K
2024
136/193
Servicing debt to the IMF, % of GNI
1.94%
2024
92/121
Poverty at national poverty lines
47%
2020
28/176
Gross capital formation, % of GDP
32.1%
2024
22/178

Compare Guinea vs other countries

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/guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2016–2023, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.