Skip to content

Economy of Guinea vs Iran compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $363B for Iran, ranking 117/197 and 44/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $135B (37.3% of GDP) in Iran.

Guinea vs Iran GDP by year

Guinea
Iran
1x
Year GDP, current $
Guinea Iran
2025 $28,346,024,753 $362,682,115,433
2024 $25,008,678,293 $475,252,089,215
2023 $22,407,615,556 $457,510,482,317
2022 $19,910,452,542 $422,662,261,526
2021 $17,069,115,738 $407,350,685,583
2020 $14,088,693,743 $280,934,329,280
2019 $13,442,861,496 $347,988,400,958
2018 $11,857,030,367 $411,903,303,606
2017 $10,324,668,271 $510,239,893,418
2016 $8,595,955,222 $478,618,064,871
2015 $8,794,201,743 $409,191,686,497
2014 $8,778,473,373 $462,284,793,281
2013 $8,376,613,539 $500,399,839,840
2012 $7,638,044,557 $644,019,315,004
2011 $6,785,137,203 $629,082,257,472
2010 $6,853,467,146 $487,069,570,464
2009 $6,716,905,340 $414,059,094,949
2008 $6,964,179,983 $406,070,949,554
2007 $6,281,918,226 $349,736,591,832
2006 $4,220,019,845 $265,602,187,404
2005 $4,282,468,637 $224,970,371,325
2004 $5,300,767,961 $187,754,571,248
2003 $5,025,167,975 $151,911,222,119
2002 $4,301,608,753 $128,626,917,504
2001 $4,125,527,603 $126,878,750,296
2000 $4,367,458,867 $109,591,707,802
1999 $5,046,806,783 $113,848,450,088
1998 $5,232,118,046 $110,276,913,363
1997 $5,516,916,163 $113,919,163,421
1996 $5,641,243,100 $120,403,931,885
1995 $5,385,704,166 $96,419,225,744
1994 $4,932,800,407 $71,841,461,173
1993 $4,781,166,117 $63,743,623,232
1992 $4,789,220,417 $119,768,691,217
1991 $4,396,178,694 $131,637,664,958
1990 $3,888,320,666 $124,813,263,926
1989 $3,546,079,263 $120,496,362,916
1988 $3,476,480,303 $123,057,861,334
1987 $2,976,714,019 $134,009,995,923
1986 $2,909,130,355 $209,094,561,833
1985 $22,787,644,566 $180,183,629,600
1984 $18,421,497,251 $162,276,728,620
1983 $15,129,893,722 $156,365,156,618
1982 $11,926,032,493 $125,948,756,439
1981 $9,646,440,667 $100,499,312,750
1980 $9,746,524,915 $94,362,275,580
1979 $8,877,094,497 $90,391,877,326
1978 $8,087,305,999 $77,994,316,621
1977 $6,914,381,291 $80,600,122,702
1976 $6,762,781,871 $68,055,295,081
1975 $6,102,769,605 $51,776,222,350
1974 $5,691,417,541 $46,209,092,072
1973 $5,152,080,388 $27,081,698,250
1972 $4,203,069,035 $17,153,463,263
1971 $3,594,302,908 $13,731,802,833
1970 $3,220,224,608 $10,976,245,154
1969 - $9,743,089,607
1968 - $8,623,172,960
1967 - $7,555,383,690
1966 - $6,789,938,672
1965 - $6,197,319,929
1964 - $5,379,845,648
1963 - $4,928,628,018
1962 - $4,693,566,416
1961 - $4,426,949,095
1960 - $4,199,134,390

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Iran by year

Guinea
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $3,924 -
2024 $1,695 $4,565 $5,190 $19,874
2023 $1,555 $4,334 $5,049 $18,917
2022 $1,417 $4,062 $4,721 $17,546
2021 $1,245 $3,739 $4,605 $15,884
2020 $1,054 $3,332 $3,203 $15,119
2019 $1,031 $3,106 $3,997 $13,928
2018 $933 $2,844 $4,783 $15,324
2017 $834 $2,687 $6,001 $15,719
2016 $712 $2,255 $5,711 $15,195
2015 $747 $1,930 $4,953 $14,274
2014 $765 $1,873 $5,672 $16,065
2013 $748 $1,842 $6,223 $16,215
2012 $699 $1,790 $8,114 $17,021
2011 $637 $1,705 $8,026 $19,275
2010 $659 $1,622 $6,291 $18,628
2009 $662 $1,567 $5,416 $17,615
2008 $704 $1,614 $5,377 $17,549
2007 $650 $1,558 $4,688 $17,384
2006 $447 $1,453 $3,619 $15,907
2005 $463 $1,422 $3,132 $15,016
2004 $585 $1,366 $2,672 $14,425
2003 $566 $1,328 $2,209 $13,755
2002 $496 $1,315 $1,891 $12,554
2001 $483 $1,251 $1,881 $11,533
2000 $518 $1,196 $1,650 $11,187
1999 $611 $1,163 $1,740 $10,489
1998 $647 $1,130 $1,709 $10,285
1997 $696 $1,099 $1,790 $10,101
1996 $726 $1,048 $1,915 $9,916
1995 $713 $1,014 $1,550 $9,255
1994 $672 $976 $1,168 $8,951
1993 $671 $947 $1,038 $8,933
1992 $693 $908 $1,957 $8,888
1991 $656 $887 $2,194 $8,580
1990 $604 $871 $2,138 $7,566
1989 $570 - $2,125 -
1988 $574 - $2,234 -
1987 $505 - $2,513 -
1986 $506 - $4,064 -
1985 $4,062 - $3,634 -
1984 $3,362 - $3,395 -
1983 $2,823 - $3,397 -
1982 $2,273 - $2,845 -
1981 $1,876 - $2,393 -
1980 $1,931 - $2,368 -
1979 $1,790 - $2,352 -
1978 $1,658 - $2,101 -
1977 $1,440 - $2,243 -
1976 $1,431 - $1,954 -
1975 $1,311 - $1,532 -
1974 $1,243 - $1,409 -
1973 $1,143 - $851 -
1972 $948 - $555 -
1971 $825 - $457 -
1970 $753 - $377 -
1969 - - $345 -
1968 - - $314 -
1967 - - $283.7 -
1966 - - $262.9 -
1965 - - $247.5 -
1964 - - $221.7 -
1963 - - $209.6 -
1962 - - $205.8 -
1961 - - $200.1 -
1960 - - $195.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $3,924 in Iran, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Iran ranks 97th at $19,874.

Economic indicators

Guinea Iran
Gross domestic product
$28.3B
2025
$363B
2025
GDP rank
117/197
2025
44/197
2025
GDP growth
7.45%
2024-2025
-2.83%
2024-2025
GDP per capita
$1,877
2025
$3,924
2025
GDP per capita rank
161/197
2025
135/197
2025
GDP per capita, PPP
$4,565
2024
$19,874
2024
GDP per capita PPP rank
161/197
2024
97/197
2024
Government debt
$13.6B
2025
$135B
2025
Debt-to-GDP ratio
48.1%
2025
37.3%
2025
Government debt per person
$902
2025
$1,463
2025
Government debt per person rank
146/185
2025
133/185
2025
Average annual personal income after taxes
$1,966
2026
$2,958
2026
Market capitalization of domestic companies n/a
$186B
2025
Income share by richest 10%
23.1%
2018
28.2%
2023
Income share by poorest 10%
3.5%
2018
2.8%
2023
Government expenditure, % of GDP
25.2%
2025
13.4%
2025
Consumer prices inflation
3.1%
2024-2025
42.2%
2024-2025
Central bank interest rate n/a
23%
2023
Unemployment rate
5.02%
2019
7.63%
2024
Population
15624314
93580141

Spending and national debt comparison by year

Guinea
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Guinea Iran
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 13.4% 37.3%
2024 20.6% 48.3% 16% 31.2%
2023 18.3% 39.8% 12.8% 29.6%
2022 15.7% 37.2% 12.8% 34.5%
2021 15.1% 40.6% 13.4% 39.9%
2020 17.1% 45.3% 12.1% 47.1%
2019 14.9% 37.3% 13.6% 44.6%
2018 15.9% 37.5% 14.8% 41.6%
2017 17.3% 39.9% 16.4% 43.2%
2016 16.1% 40.6% 16.3% 45.9%
2015 21.7% 41.5% 14.1% 32.1%
2014 20.1% 32.1% 12.3% 10.9%
2013 18.6% 30.5% 11.5% 10.2%
2012 19.6% 26.9% 11.4% 11.7%
2011 16% 53.8% 14.6% 10.6%
2010 20.5% 71.1% 14.1% 12.8%
2009 16.2% 61.3% 15.7% 11.5%
2008 10.1% 58.5% 16.8% 10.6%
2007 8.66% 60.8% 14.2% 13.5%
2006 13.2% 95.2% 18.7% 15.2%
2005 11% 97.9% 17.9% 18.3%
2004 13% 86.9% 15.1% 21.1%
2003 14.7% 81.6% 15.7% 21.9%
2002 14.4% 82.6% 15.6% 23.4%
2001 14.9% 90.4% 13.6% 21%
2000 12.6% 91.5% 13.3% 18.2%
1999 11.6% 92.3% 15.7% 22.2%
1998 10.3% 75.9% 16.9% 29.6%
1997 12.6% 67.9% 17.4% 30.9%
1996 12% 67.7% 17.3% 29.3%
1995 12.7% 66.5% 21% 31.2%
1994 12.6% 71.3% 23% 41.7%
1993 13.3% 68.9% 27.2% 25.6%
1992 13.8% 62% 14.4% 25.2%
1991 16.3% 70.9% 14% 29.3%
1990 18.7% 71.6% 16.4% 37%
1989 - - 20% 48.8%
1988 - - 23.6% 53.2%
1987 - - 18.6% 48.6%
1986 - - 19% 47.4%
1985 - - 21.6% 8.73%
1984 - - 23.7% 10%
1983 - - 27.5% 35.7%
1982 - - 29.7% 47.7%
1981 - - 33.7% 47.6%
1980 - - 35.8% 35.5%
1979 - - - -
1978 - - - -
1977 - - - 9.23%
1976 - - - 6.92%
1975 - - - 8.81%
1974 - - - 6.68%
1973 - - - 12.8%
1972 - - - 12.7%
1971 - - - 14.2%
1970 - - - 14.1%
1969 - - - -
1968 - - 23.6% -
1967 - - 22.3% -
1966 - - 20.5% -
1965 - - 16.3% 14.9%
1964 - - 15.4% 15.2%
1963 - - 14.8% 12.4%
1962 - - 15.6% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Iran spent $48.7B, or 13.4% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 37.3% in Iran, ranking 111/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Iran
1x
Year Deficit/surplus, % of GDP
Guinea Iran
2025 -7% -5.65%
2024 -4.99% -2.68%
2023 -3.86% -3.04%
2022 -1.88% -2.64%
2021 -1.7% -3.01%
2020 -3.08% -4.87%
2019 -0.17% -4.3%
2018 -0.97% -1.59%
2017 -1.98% -1.55%
2016 -0.08% -1.7%
2015 -6.53% -1.3%
2014 -3.01% -0.91%
2013 -3.86% -0.72%
2012 23.7% -0.5%
2011 -0.92% -0.66%
2010 -9.66% -0.84%
2009 -4.87% -3.3%
2008 0.38% -4.39%
2007 1.28% -2.41%
2006 -2.13% -4.91%
2005 -1.06% -2.44%
2004 -3.85% -2.45%
2003 -4.65% -2.76%
2002 -3.37% -2.88%
2001 -3.23% 0.02%
2000 -2.42% 5.42%
1999 -1.3% -0.51%
1998 2.46% -5.03%
1997 0.07% -1.81%
1996 -2.2% -0.75%
1995 -1.07% -2.63%
1994 -2.59% -3.36%
1993 -2.33% -5.15%
1992 -0.89% -0.86%
1991 -3.25% -1.64%
1990 -3.76% -1.73%
1989 - -4.45%
1988 - -10.3%
1987 - -6.84%
1986 - -7.84%
1985 - -3.74%
1984 - -4.02%
1983 - -6.15%
1982 - -5.55%
1981 - -10.7%
1980 - -14.2%
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -4.57%
1967 - -4%
1966 - -2.63%
1965 - -1.23%
1964 - -0.04%
1963 - 0.26%
1962 - -1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Guinea's government deficit, the difference between spending and revenue, was $1.98B, equivalent to 7% of GDP. This compares to Iran's deficit of $20.5B, or 5.65% of GDP.

Over the past 36 years, Guinea recorded a fiscal deficit in 31 of those years, while Iran ran a deficit in 34 years. On average, Guinea posted an annual deficit equal to 1.8% of GDP, compared to deficit of 2.21% of GDP for Iran.

Inflation comparison by year

Inflation
Guinea

Iran
1x
Year Consumer prices inflation
Guinea Iran
2025 3.1% 42.2%
2024 4.5% 32.5%
2023 5.4% 44.6%
2022 10.5% 43.5%
2021 12.6% 43.4%
2020 10.6% 30.6%
2019 9.5% 39.9%
2018 9.8% 18%
2017 8.9% 8.04%
2016 8.2% 7.25%
2015 8.2% 12.5%
2014 9.7% 16.6%
2013 11.9% 36.6%
2012 15.2% 27.3%
2011 21.4% 26.3%
2010 15.5% 10.1%
2009 4.7% 13.6%
2008 18.4% 25.4%
2007 22.9% 17.3%
2006 34.7% 10%
2005 31.4% 13.4%
2004 17.5% 14.8%
2003 11% 16.5%
2002 3% 14.3%
2001 5.4% 11.3%
2000 6.8% 14.5%
1999 4.6% 20.1%
1998 5.1% 17.9%
1997 1.9% 17.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 22.3% in Iran. In 2025, inflation was 3.1% in Guinea and 42.2% in Iran.

Top exports between countries

Guinea
Export category Export value
Iran
Export category Export value
Processed food, beverages & tobacco $78K
Textiles & consumer goods $54K
Raw materials & minerals $8K
Raw agricultural goods $1K

Balance of trade

Guinea Iran
Current account balance
-$392M
2024
$12.5B
2000
Current account balance ranking
101/190
2024
22/190
2000
Current account balance, % of GDP
-1.57%
2024
+11.4%
2000
Goods imports
$7.08B
2024
$15.2B
2000
Goods exports
$11.6B
2024
$28.3B
2000
Service imports
$3.15B
2024
$2.3B
2000
Service exports
$71.2M
2024
$1.38B
2000
Imports of goods and services, % of GDP
62.3%
2025
34.5%
2025
Exports of goods and services, % of GDP
41.4%
2025
25.8%
2025

Economic freedom indices

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

Guinea Iran
Economic freedom 53.1 41.8
Economic freedom ranking 141/197 185/197
Property rights 21.3 20.2
Government integrity 26.7 16.2
Judicial effectiveness 26 18.7
Tax burden 70.1 81.3
Government spending 90.1 94.7
Fiscal health 74.8 83.3
Business freedom 44.8 37.4
Labor freedom 56.4 41.8
Monetary freedom 75.3 42.2
Trade freedom 61.8 55.8
Investment freedom 50 5
Financial freedom 40 5

Economic freedom comparison by year

Guinea
Iran
1x
Year Economic freedom index
Guinea Iran
2026 53.1 41.8
2025 54.6 42.5
2024 53.3 41.2
2023 53.2 42.2
2022 54.2 42.4
2021 56.5 47.2
2020 56.5 49.2
2019 55.7 51.1
2018 52.2 50.9
2017 47.6 50.5
2016 53.3 43.5
2015 52.1 41.8
2014 53.5 40.3
2013 51.2 43.2
2012 50.8 42.3
2011 51.7 42.1
2010 51.8 43.4
2009 51 44.6
2008 52.8 45
2007 54.5 45
2006 52.8 45
2005 57.4 50.5
2004 56.1 42.8
2003 54.6 43.2
2002 52.9 36.4
2001 58.4 35.9
2000 58.2 36.1
1999 59.4 36.8
1998 61 36
1997 52.9 34.5
1996 58.5 36.1
1995 59.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Iran
Services, % of GDP
35.7%
2025
47.1%
2025
Industry, % of GDP
25.4%
2025
39.6%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
10.6%
2025
GNI, Atlas method
$26.2B
2025
$429B
2025
GNI per capita, PPP
$4,730
2025
$19,660
2025
Total reserves including gold
$1.35B
2024
$7.69B
1982
Total reserves ranking
137/177
2024
89/177
1982
Net foreign direct investment
-$1.4B
2024
-$39M
2000
Net inflows of foreign direct investment
$1.4B
2024
$1.45B
2024
Net outflows of foreign direct investment
$30K
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
0.08%
2024
Poverty at national poverty lines
47%
2020
18.7%
2020
Gross capital formation, % of GDP
37%
2025
41.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2023, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, retrieved 2026-07-08)

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.