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Economy of Guinea vs Lebanon compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $26B for Lebanon, ranking 117/197 and 121/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $41B (139.4% of GDP) in Lebanon.

Guinea vs Lebanon GDP by year

Guinea
Lebanon
1x
Year GDP, current $
Guinea Lebanon
2025 $28,346,024,753 -
2024 $25,008,678,293 $25,971,643,441
2023 $22,407,615,556 $20,078,620,357
2022 $19,910,452,542 $20,992,421,949
2021 $17,069,115,738 $23,131,941,557
2020 $14,088,693,743 $31,712,128,254
2019 $13,442,861,496 $51,605,959,131
2018 $11,857,030,367 $54,901,519,156
2017 $10,324,668,271 $53,027,680,686
2016 $8,595,955,222 $51,147,308,774
2015 $8,794,201,743 $49,929,337,837
2014 $8,778,473,373 $48,095,213,747
2013 $8,376,613,539 $46,880,103,081
2012 $7,638,044,557 $44,016,799,516
2011 $6,785,137,203 $39,927,125,962
2010 $6,853,467,146 $38,443,907,042
2009 $6,716,905,340 $35,399,582,929
2008 $6,964,179,983 $29,118,916,105
2007 $6,281,918,226 $24,827,355,015
2006 $4,220,019,845 $22,022,709,851
2005 $4,282,468,637 $21,497,336,499
2004 $5,300,767,961 $21,159,827,992
2003 $5,025,167,975 $20,082,918,740
2002 $4,301,608,753 $19,152,238,806
2001 $4,125,527,603 $17,649,751,244
2000 $4,367,458,867 $17,260,364,842
1999 $5,046,806,783 $17,391,056,369
1998 $5,232,118,046 $17,247,179,006
1997 $5,516,916,163 $15,751,867,489
1996 $5,641,243,100 $13,690,217,334
1995 $5,385,704,166 $11,718,795,529
1994 $4,932,800,407 $9,599,127,050
1993 $4,781,166,117 $7,941,744,492
1992 $4,789,220,417 $5,843,579,161
1991 $4,396,178,694 $4,690,415,093
1990 $3,888,320,666 $2,838,485,354
1989 $3,546,079,263 $2,717,998,688
1988 $3,476,480,303 $3,313,540,068
1987 $2,976,714,019 -
1986 $2,909,130,355 -
1985 $22,787,644,566 -
1984 $18,421,497,251 -
1983 $15,129,893,722 -
1982 $11,926,032,493 -
1981 $9,646,440,667 -
1980 $9,746,524,915 -
1979 $8,877,094,497 -
1978 $8,087,305,999 -
1977 $6,914,381,291 -
1976 $6,762,781,871 -
1975 $6,102,769,605 -
1974 $5,691,417,541 -
1973 $5,152,080,388 -
1972 $4,203,069,035 -
1971 $3,594,302,908 -
1970 $3,220,224,608 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Lebanon by year

Guinea
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - - -
2024 $1,695 $4,565 $4,473 -
2023 $1,555 $4,334 $3,478 $12,575
2022 $1,417 $4,062 $3,654 $12,293
2021 $1,245 $3,739 $4,045 $11,600
2020 $1,054 $3,332 $5,561 $16,260
2019 $1,031 $3,106 $8,906 $21,710
2018 $933 $2,844 $9,175 $21,985
2017 $834 $2,687 $8,608 $20,964
2016 $712 $2,255 $8,089 $18,941
2015 $747 $1,930 $7,714 $17,046
2014 $765 $1,873 $7,578 $16,140
2013 $748 $1,842 $8,162 $16,316
2012 $699 $1,790 $8,407 $16,121
2011 $637 $1,705 $7,835 $14,975
2010 $659 $1,622 $7,626 $14,704
2009 $662 $1,567 $7,091 $13,586
2008 $704 $1,614 $5,912 $12,416
2007 $650 $1,558 $5,125 $11,356
2006 $447 $1,453 $4,635 $10,312
2005 $463 $1,422 $4,602 $10,020
2004 $585 $1,366 $4,601 $9,609
2003 $566 $1,328 $4,438 $8,914
2002 $496 $1,315 $4,291 $8,586
2001 $483 $1,251 $4,010 $8,289
2000 $518 $1,196 $3,987 $7,938
1999 $611 $1,163 $4,087 $7,793
1998 $647 $1,130 $4,125 $7,861
1997 $696 $1,099 $3,834 $7,632
1996 $726 $1,048 $3,393 $7,560
1995 $713 $1,014 $2,959 $6,796
1994 $672 $976 $2,468 $6,367
1993 $671 $947 $2,079 $5,871
1992 $693 $908 $1,559 $5,279
1991 $656 $887 $1,278 $4,527
1990 $604 $871 $790 $2,990
1989 $570 - $771 -
1988 $574 - $959 -
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 (1970–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $4,473 in Lebanon, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Lebanon ranks 123rd at $12,575.

Economic indicators

Guinea Lebanon
Gross domestic product
$28.3B
2025
$26B
2024
GDP rank
117/197
2025
121/197
2024
GDP growth
7.45%
2024-2025
-7.08%
2023-2024
GDP per capita
$1,877
2025
$4,473
2024
GDP per capita rank
161/197
2025
129/197
2024
GDP per capita, PPP
$4,565
2024
$12,575
2023
GDP per capita PPP rank
161/197
2024
123/197
2023
Government debt
$13.6B
2025
$41B
2024
Debt-to-GDP ratio
48.1%
2025
139.4%
2025
Government debt per person
$902
2025
$7,061
2024
Government debt per person rank
146/185
2025
71/185
2024
Average annual personal income after taxes
$1,966
2026
$3,055
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires n/a
6
2026
Income share by richest 10%
23.1%
2018
25.6%
2022
Income share by poorest 10%
3.5%
2018
2.8%
2022
Government expenditure, % of GDP
25.2%
2025
15.5%
2025
Consumer prices inflation
3.1%
2024-2025
14.6%
2024-2025
Central bank interest rate n/a
20%
2023
Unemployment rate
5.02%
2019
11.3%
2019
Population
15624314
5921719

Spending and national debt comparison by year

Guinea
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Guinea Lebanon
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 15.5% 139.4%
2024 20.6% 48.3% 15.3% 157.9%
2023 18.3% 39.8% 14.3% 185.8%
2022 15.7% 37.2% 12.9% 235.9%
2021 15.1% 40.6% 10.5% 346%
2020 17.1% 45.3% 24.5% 157.2%
2019 14.9% 37.3% 31.3% 171.9%
2018 15.9% 37.5% 32.1% 154%
2017 17.3% 39.9% 30.7% 150.4%
2016 16.1% 40.6% 28.6% 147.9%
2015 21.7% 41.5% 26.7% 140.9%
2014 20.1% 32.1% 28.9% 138.5%
2013 18.6% 30.5% 28.9% 135.4%
2012 19.6% 26.9% 30.2% 131.1%
2011 16% 53.8% 28.8% 134.4%
2010 20.5% 71.1% 29.2% 136.8%
2009 16.2% 61.3% 32.1% 144.5%
2008 10.1% 58.5% 34.3% 161.5%
2007 8.66% 60.8% 35.2% 169.3%
2006 13.2% 95.2% 36.1% 183.3%
2005 11% 97.9% 31.4% 178.9%
2004 13% 86.9% 33.3% 169.5%
2003 14.7% 81.6% 36.4% 171.3%
2002 14.4% 82.6% 36.8% 163.1%
2001 14.9% 90.4% 38.9% 163.1%
2000 12.6% 91.5% 42.8% 148.1%
1999 11.6% 92.3% 35.6% 130.2%
1998 10.3% 75.9% 34.7% 108.2%
1997 12.6% 67.9% 40.5% 100.2%
1996 12% 67.7% 43.6% 101.2%
1995 12.7% 66.5% 31.1% 79.6%
1994 12.6% 71.3% 47.3% 71.5%
1993 13.3% 68.9% 23% 50.5%
1992 13.8% 62% 36.1% 51.7%
1991 16.3% 70.9% 35.6% 67.1%
1990 18.7% 71.6% 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Lebanon spent $3.98B, or 15.5% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 139.4% in Lebanon, ranking 111/185 and 8/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Lebanon
1x
Year Deficit/surplus, % of GDP
Guinea Lebanon
2025 -7% 3.25%
2024 -4.99% 0.39%
2023 -3.86% -1.64%
2022 -1.88% -7.49%
2021 -1.7% -2.57%
2020 -3.08% -7.79%
2019 -0.17% -10.5%
2018 -0.97% -11.2%
2017 -1.98% -8.68%
2016 -0.08% -8.98%
2015 -6.53% -7.49%
2014 -3.01% -6.22%
2013 -3.86% -8.83%
2012 23.7% -8.43%
2011 -0.92% -5.94%
2010 -9.66% -7.47%
2009 -4.87% -8.1%
2008 0.38% -9.86%
2007 1.28% -10.9%
2006 -2.13% -10.6%
2005 -1.06% -8.57%
2004 -3.85% -9.83%
2003 -4.65% -14%
2002 -3.37% -16.2%
2001 -3.23% -21%
2000 -2.42% -23.9%
1999 -1.3% -16.7%
1998 2.46% -17.3%
1997 0.07% -24.5%
1996 -2.2% -25.7%
1995 -1.07% -13.6%
1994 -2.59% -29.1%
1993 -2.33% -7.19%
1992 -0.89% -24%
1991 -3.25% -19.5%
1990 -3.76% -30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea/lebanon | 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 Lebanon's surplus of $102M, or 0.39% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Lebanon ran a deficit in 34 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 12.7% of GDP for Lebanon.

Inflation comparison by year

Inflation
Guinea

Lebanon
1x
Year Consumer prices inflation
Guinea Lebanon
2025 3.1% 14.6%
2024 4.5% 45.2%
2023 5.4% 221.3%
2022 10.5% 171.2%
2021 12.6% 154.8%
2020 10.6% 84.9%
2019 9.5% 2.9%
2018 9.8% 6.1%
2017 8.9% 4.4%
2016 8.2% -0.8%
2015 8.2% -3.7%
2014 9.7% 1.9%
2013 11.9% 4.8%
2012 15.2% 6.6%
2011 21.4% 5%
2010 15.5% 4%
2009 4.7% 1.2%
2008 18.4% 10.7%
2007 22.9% 4.1%
2006 34.7% 4.1%
2005 31.4% -1.4%
2004 17.5% 1.7%
2003 11% 1.3%
2002 3% 1.8%
2001 5.4% -0.4%
2000 6.8% -0.4%
1999 4.6% 0.2%
1998 5.1% 4.5%
1997 1.9% 7.7%

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

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 26.1% in Lebanon. In 2025, inflation was 3.1% in Guinea and 14.6% in Lebanon.

Top exports between countries

Guinea
Export category Export value
Precious metals & jewellery $33.4M
Wood & paper products $100K
Machinery & equipment $42K
Miscellaneous $1K
Lebanon
Export category Export value
Machinery & equipment $15.6M
Metals $5.46M
Chemicals & pharma $4.05M
Processed food, beverages & tobacco $3.22M
Textiles & consumer goods $2.32M
Wood & paper products $1.86M
Raw agricultural goods $579K
Raw materials & minerals $367K
Animal & marine products $328K
Miscellaneous $88K

Balance of trade

Guinea Lebanon
Current account balance
-$392M
2024
-$5.64B
2023
Current account balance ranking
101/190
2024
166/190
2023
Current account balance, % of GDP
-1.57%
2024
-28.1%
2023
Goods imports
$7.08B
2024
$16.7B
2023
Goods exports
$11.6B
2024
$3.85B
2023
Service imports
$3.15B
2024
$6.63B
2023
Service exports
$71.2M
2024
$7.92B
2023
Imports of goods and services, % of GDP
62.3%
2025
58.9%
2024
Exports of goods and services, % of GDP
41.4%
2025
23.3%
2024

Economic freedom indices

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

Guinea Lebanon
Economic freedom 53.1 43.1
Economic freedom ranking 141/197 183/197
Property rights 21.3 21.8
Government integrity 26.7 23.4
Judicial effectiveness 26 23.8
Tax burden 70.1 90.3
Government spending 90.1 93.3
Fiscal health 74.8 63.4
Business freedom 44.8 47.6
Labor freedom 56.4 48.4
Monetary freedom 75.3 0
Trade freedom 61.8 65.6
Investment freedom 50 20
Financial freedom 40 20

Economic freedom comparison by year

Guinea
Lebanon
1x
Year Economic freedom index
Guinea Lebanon
2026 53.1 43.1
2025 54.6 44.1
2024 53.3 48.3
2023 53.2 45.6
2022 54.2 47.3
2021 56.5 51.4
2020 56.5 51.7
2019 55.7 51.1
2018 52.2 53.2
2017 47.6 53.3
2016 53.3 59.5
2015 52.1 59.3
2014 53.5 59.4
2013 51.2 59.5
2012 50.8 60.1
2011 51.7 60.1
2010 51.8 59.5
2009 51 58.1
2008 52.8 60
2007 54.5 60.4
2006 52.8 57.5
2005 57.4 57.2
2004 56.1 56.9
2003 54.6 56.7
2002 52.9 57.1
2001 58.4 61
2000 58.2 56.1
1999 59.4 59.1
1998 61 59
1997 52.9 63.9
1996 58.5 63.2
1995 59.4 -

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Lebanon
Services, % of GDP
35.7%
2025
35.7%
2024
Industry, % of GDP
25.4%
2025
2.63%
2024
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
1.05%
2024
GNI, Atlas method
$26.2B
2025
$20.7B
2024
GNI per capita, PPP
$4,730
2025
$11,790
2024
Total reserves including gold
$1.35B
2024
$33.3B
2024
Total reserves ranking
137/177
2024
56/177
2024
Net foreign direct investment
-$1.4B
2024
-$583M
2023
Net inflows of foreign direct investment
$1.4B
2024
$1.84B
2024
Net outflows of foreign direct investment
$30K
2024
$391M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
9.68%
2024
Poverty at national poverty lines
47%
2020
27.4%
2012
Gross capital formation, % of GDP
37%
2025
1.44%
2024

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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2016–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.