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Economy of Guinea vs Kenya compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $120B for Kenya, ranking 118/197 and 64/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Guinea vs Kenya GDP by year

Guinea
Kenya
1x
Year GDP, current $
Guinea Kenya
2024 $25,008,678,293 $120,339,557,906
2023 $22,407,615,556 $107,500,884,685
2022 $19,910,452,542 $114,448,978,153
2021 $17,069,115,738 $109,703,658,905
2020 $14,088,693,743 $100,657,505,751
2019 $13,442,861,496 $100,378,436,207
2018 $11,857,030,367 $92,202,979,985
2017 $10,324,668,271 $82,036,510,877
2016 $8,595,955,222 $74,815,144,164
2015 $8,794,201,743 $70,120,446,897
2014 $8,778,473,373 $68,285,796,514
2013 $8,376,613,539 $61,671,440,408
2012 $7,638,044,557 $56,396,704,672
2011 $6,785,137,203 $46,869,473,151
2010 $6,853,467,146 $45,405,615,064
2009 $6,716,905,340 $42,347,217,913
2008 $6,964,179,983 $35,895,153,328
2007 $6,281,918,226 $31,958,195,182
2006 $4,220,019,845 $25,825,512,284
2005 $4,282,468,637 $18,737,895,513
2004 $5,300,767,961 $16,095,337,094
2003 $5,025,167,975 $14,904,517,650
2002 $4,301,608,753 $13,147,736,899
2001 $4,125,527,603 $12,986,007,426
2000 $4,367,458,867 $12,705,350,098
1999 $5,046,806,783 $12,896,010,459
1998 $5,232,118,046 $14,093,998,844
1997 $5,516,916,163 $13,115,764,358
1996 $5,641,243,100 $12,045,865,396
1995 $5,385,704,166 $9,046,320,255
1994 $4,932,800,407 $7,148,148,564
1993 $4,781,166,117 $5,751,786,643
1992 $4,789,220,417 $8,209,120,763
1991 $4,396,178,694 $8,151,488,783
1990 $3,888,320,666 $8,572,359,038
1989 $3,546,079,263 $8,283,114,514
1988 $3,476,480,303 $8,355,380,879
1987 $2,976,714,019 $7,970,820,369
1986 $2,909,130,355 $7,239,126,568
1985 $22,787,644,566 $6,135,034,214
1984 $18,421,497,251 $6,191,437,070
1983 $15,129,893,722 $5,979,198,314
1982 $11,926,032,493 $6,431,579,357
1981 $9,646,440,667 $6,854,491,706
1980 $9,746,524,915 $7,265,315,820
1979 $8,877,094,497 $6,234,391,113
1978 $8,087,305,999 $5,303,735,111
1977 $6,914,381,291 $4,494,378,764
1976 $6,762,781,871 $3,474,542,392
1975 $6,102,769,605 $3,259,345,083
1974 $5,691,417,541 $2,969,958,812
1973 $5,152,080,388 $2,509,001,324
1972 $4,203,069,035 $2,107,279,157
1971 $3,594,302,908 $1,778,391,289
1970 $3,220,224,608 $1,603,447,359
1969 - $1,458,379,417
1968 - $1,353,295,459
1967 - $1,232,559,507
1966 - $1,164,519,674
1965 - $997,919,321
1964 - $998,759,334
1963 - $926,589,349
1962 - $868,111,401
1961 - $792,959,473
1960 - $791,265,459

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

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

GDP per capita in Guinea vs Kenya by year

Guinea
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $2,132 $6,644
2023 $1,555 $4,334 $1,943 $6,317
2022 $1,417 $4,062 $2,110 $5,883
2021 $1,245 $3,739 $2,061 $5,339
2020 $1,054 $3,332 $1,928 $4,793
2019 $1,031 $3,106 $1,960 $4,687
2018 $933 $2,844 $1,836 $4,412
2017 $834 $2,687 $1,667 $4,177
2016 $712 $2,255 $1,554 $3,917
2015 $747 $1,930 $1,489 $3,678
2014 $765 $1,873 $1,483 $3,359
2013 $748 $1,842 $1,371 $3,106
2012 $699 $1,790 $1,285 $2,847
2011 $637 $1,705 $1,096 $2,750
2010 $659 $1,622 $1,092 $2,635
2009 $662 $1,567 $1,048 $2,480
2008 $704 $1,614 $916 $2,459
2007 $650 $1,558 $840 $2,481
2006 $447 $1,453 $700 $2,330
2005 $463 $1,422 $523 $2,189
2004 $585 $1,366 $464 $2,066
2003 $566 $1,328 $443 $1,975
2002 $496 $1,315 $403 $1,940
2001 $483 $1,251 $411 $1,961
2000 $518 $1,196 $415 $1,907
1999 $611 $1,163 $434 $1,910
1998 $647 $1,130 $488 $1,895
1997 $696 $1,099 $467 $1,865
1996 $726 $1,048 $441 $1,875
1995 $713 $1,014 $340 $1,818
1994 $672 $976 $276.4 $1,754
1993 $671 $947 $229 $1,723
1992 $693 $908 $337 $1,728
1991 $656 $887 $345 $1,756
1990 $604 $871 $374 $1,729
1989 $570 - $374 -
1988 $574 - $391 -
1987 $505 - $387 -
1986 $506 - $364 -
1985 $4,062 - $320 -
1984 $3,362 - $334 -
1983 $2,823 - $335 -
1982 $2,273 - $374 -
1981 $1,876 - $413 -
1980 $1,931 - $454 -
1979 $1,790 - $403 -
1978 $1,658 - $355 -
1977 $1,440 - $311 -
1976 $1,431 - $248.9 -
1975 $1,311 - $241.2 -
1974 $1,243 - $227.2 -
1973 $1,143 - $198.6 -
1972 $948 - $172.6 -
1971 $825 - $150.9 -
1970 $753 - $141 -
1969 - - $133.3 -
1968 - - $128.7 -
1967 - - $121.9 -
1966 - - $119.8 -
1965 - - $106.9 -
1964 - - $111.3 -
1963 - - $107.4 -
1962 - - $104.6 -
1961 - - $99.3 -
1960 - - $102.8 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Kenya ranks 149th at $6,644.

Economic indicators

Guinea Kenya
Gross domestic product
$25B
2024
$120B
2024
GDP rank
118/197
2024
64/197
2024
GDP growth
5.35%
2023-2024
4.72%
2023-2024
GDP per capita
$1,695
2024
$2,132
2024
GDP per capita rank
160/197
2024
154/197
2024
GDP per capita, PPP
$4,565
2024
$6,644
2024
GDP per capita PPP rank
161/197
2024
149/197
2024
Government debt
$12.2B
2024
$81B
2024
Debt-to-GDP ratio
48.8%
2024
67.3%
2024
Government debt per person
$828
2024
$1,436
2024
Government debt per person rank
147/185
2024
133/185
2024
Average annual personal income after taxes
$20,020
2026
$3,229
2026
Market capitalization of domestic companies n/a
$15B
2024
Income share by richest 10%
23.1%
2018
30.1%
2022
Income share by poorest 10%
3.5%
2018
2.9%
2022
Government expenditure, % of GDP
20.6%
2024
23.3%
2024
Consumer prices inflation
4.7%
2023-2024
4.49%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
5.02%
2019
5.44%
2022
Population
15546235
58955623

Spending and national debt comparison by year

Guinea
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Guinea Kenya
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 23.3% 67.3%
2023 18.3% 40.4% 22.7% 73.4%
2022 15.7% 37.9% 23.2% 67.8%
2021 15.1% 40.6% 24% 68.2%
2020 17.1% 45.3% 24.8% 68%
2019 14.9% 37.3% 24.4% 59.1%
2018 15.9% 37.5% 24.5% 56.4%
2017 17.3% 39.9% 25.2% 53.9%
2016 16.1% 40.6% 25.4% 50.4%
2015 21.7% 41.5% 23.8% 45.8%
2014 20.1% 32.1% 23.4% 41.3%
2013 18.6% 30.5% 23.2% 39.8%
2012 19.6% 26.9% 22.1% 37.6%
2011 16% 53.8% 20.1% 35.7%
2010 20.5% 71.1% 21.5% 36.7%
2009 16.2% 61.3% 20.3% 36%
2008 10.1% 58.5% 18.9% 34.3%
2007 8.66% 60.8% 18.1% 34.2%
2006 13.2% 95.2% 17.3% 37.1%
2005 11% 97.9% 16.2% 37.4%
2004 13% 86.9% 15.4% 40.8%
2003 14.7% 81.6% 16% 43.8%
2002 14.4% 82.6% 15.7% 42%
2001 14.9% 90.4% 14.9% 41.3%
2000 12.6% 91.5% 14.1% 43.1%
1999 11.6% 92.3% 13.7% 38.4%
1998 10.3% 75.9% 15.3% 38.5%
1997 12.6% 67.9% 15.6% 36%
1996 12% 67.7% 15.2% 40.5%
1995 12.7% 66.5% 17.3% 52.1%
1994 12.6% 71.3% 18.8% 57%
1993 13.3% 68.9% 18.9% 61.6%
1992 13.8% 62% 17.6% 41.2%
1991 16.3% 70.9% 16.4% 43%
1990 18.7% 71.6% 17.2% 37.6%
1989 - - 16.3% 33.4%
1988 - - 15.9% 33.9%
1987 - - 15.5% 36.3%
1986 - - 15.3% 31.3%
1985 - - 15.6% 28.8%
1984 - - 14.9% 25.6%
1983 - - 14.6% 26.1%
1982 - - 16.2% 26.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 67.3% in Kenya, ranking 111/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Kenya
1x
Year Deficit/surplus, % of GDP
Guinea Kenya
2024 -4.99% -5.77%
2023 -3.86% -5.71%
2022 -1.88% -6.06%
2021 -1.7% -7.2%
2020 -3.08% -8.13%
2019 -0.17% -7.42%
2018 -0.97% -6.94%
2017 -1.98% -7.4%
2016 -0.08% -7.47%
2015 -6.53% -6.68%
2014 -3.01% -5.75%
2013 -3.86% -5.25%
2012 23.7% -5.29%
2011 -0.92% -3.64%
2010 -9.66% -3.67%
2009 -4.87% -3.12%
2008 0.38% -1.95%
2007 1.28% -0.95%
2006 -2.13% -0.43%
2005 -1.06% -0.19%
2004 -3.85% 0.5%
2003 -4.65% -0.73%
2002 -3.37% -1.29%
2001 -3.23% -0.53%
2000 -2.42% 0.38%
1999 -1.3% 0.84%
1998 2.46% -0.03%
1997 0.07% -0.91%
1996 -2.2% -0.49%
1995 -1.07% -0.23%
1994 -2.59% -4.14%
1993 -2.33% -8.57%
1992 -0.89% -8.28%
1991 -3.25% -6.56%
1990 -3.76% -3.28%
1989 - -2.39%
1988 - -1.97%
1987 - -2.27%
1986 - -2.98%
1985 - -3.05%
1984 - -2.55%
1983 - -2.17%
1982 - -3.07%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

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

In 2024, Guinea's government deficit, the difference between spending and revenue, was $1.25B, equivalent to 4.99% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Kenya ran a deficit in 32 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 3.78% of GDP for Kenya.

Inflation comparison by year

Inflation
Guinea

Kenya
1x
Year Consumer prices inflation
Guinea Kenya
2024 4.7% 4.49%
2023 5.4% 7.67%
2022 10.5% 7.66%
2021 12.6% 6.11%
2020 10.6% 5.41%
2019 9.5% 5.24%
2018 9.8% 4.69%
2017 8.9% 8.01%
2016 8.2% 6.3%
2015 8.2% 6.58%
2014 9.7% 6.88%
2013 11.9% 5.72%
2012 15.2% 9.38%
2011 21.4% 14%
2010 15.5% 3.96%
2009 4.7% 9.23%
2008 18.4% 26.2%
2007 22.9% 9.76%
2006 34.7% 14.5%
2005 31.4% 10.3%
2004 17.5% 11.6%
2003 11% 9.82%
2002 3% 1.96%
2001 5.4% 5.74%
2000 6.8% 9.98%
1999 4.6% 5.74%
1998 5.1% 6.72%
1997 1.9% 11.4%

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/guinea/kenya | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 8.39% in Kenya. In 2024, inflation was 4.7% in Guinea and 4.49% in Kenya.

Top exports between countries

Guinea
Export category Export value
Miscellaneous $1K
Kenya
Export category Export value
Textiles & consumer goods $526K
Raw agricultural goods $497K
Machinery & equipment $494K
Processed food, beverages & tobacco $64K
Raw materials & minerals $48K
Chemicals & pharma $40K
Metals $21K
Wood & paper products $2K

Balance of trade

Guinea Kenya
Current account balance
-$392M
2024
-$1.55B
2024
Current account balance ranking
104/190
2024
134/190
2024
Current account balance, % of GDP
-1.57%
2024
-1.29%
2024
Goods imports
$7.08B
2024
$22.2B
2024
Goods exports
$11.6B
2024
$12.5B
2024
Service imports
$3.15B
2024
$5.64B
2024
Service exports
$71.2M
2024
$8.04B
2024
Imports of goods and services, % of GDP
56.4%
2024
23.1%
2024
Exports of goods and services, % of GDP
41.4%
2024
17.1%
2024

Economic freedom indices

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

Guinea Kenya
Economic freedom 53.1 55.5
Economic freedom ranking 141/197 128/197
Property rights 21.3 40.2
Government integrity 26.7 32.7
Judicial effectiveness 26 47
Tax burden 70.1 76.3
Government spending 90.1 84.1
Fiscal health 74.8 36.2
Business freedom 44.8 61.5
Labor freedom 56.4 56.5
Monetary freedom 75.3 75.1
Trade freedom 61.8 52
Investment freedom 50 55
Financial freedom 40 50

Economic freedom comparison by year

Guinea
Kenya
1x
Year Economic freedom index
Guinea Kenya
2026 53.1 55.5
2025 54.6 54.8
2024 53.3 53.6
2023 53.2 52.5
2022 54.2 52.6
2021 56.5 54.9
2020 56.5 55.3
2019 55.7 55.1
2018 52.2 54.7
2017 47.6 53.5
2016 53.3 57.5
2015 52.1 55.6
2014 53.5 57.1
2013 51.2 55.9
2012 50.8 57.5
2011 51.7 57.4
2010 51.8 57.5
2009 51 58.7
2008 52.8 59.3
2007 54.5 59.6
2006 52.8 59.7
2005 57.4 57.9
2004 56.1 57.7
2003 54.6 58.6
2002 52.9 58.2
2001 58.4 57.6
2000 58.2 59.7
1999 59.4 58.2
1998 61 58.4
1997 52.9 60.1
1996 58.5 56.4
1995 59.4 54.5

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Kenya
Services, % of GDP
36.3%
2024
55.3%
2024
Industry, % of GDP
25.1%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
22.5%
2024
GNI, Atlas method
$21.3B
2024
$118B
2024
GNI per capita, PPP
$4,130
2024
$6,540
2024
Total reserves including gold
$1.89B
2023
$10.1B
2024
Total reserves ranking
128/177
2023
75/177
2024
Net foreign direct investment
-$1.4B
2024
-$45.8M
2024
Net inflows of foreign direct investment
$1.4B
2024
$463M
2024
Net outflows of foreign direct investment
$30K
2024
$418M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
4.79%
2024
Poverty at national poverty lines
47%
2020
39.8%
2022
Gross capital formation, % of GDP
32.1%
2024
16.8%
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/guinea/kenya | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2016–2024, 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)

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.