Guinea vs Liberia: Economic Indicators Comparison

Guinea with a GDP of $10.9B ranked the 142nd largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, Guinea and Liberia ranked 15th vs 161st and 175th vs 186th, respectively.

Gross Domestic Product & Income

StatGuineaLiberia
GDP$10.9B$3.3B
GDP growth, 1 year5.8%1.2%
GDP growth, 5-years average6.7%0.6%
Population12.7M4.7M
GDP per capita$879$677
GDP per capita growth3.2%-1.23%
Purchasing Power Parity conversion factor3160.710.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.52
GDP per capita, PPP adjusted$2.3k$1.4k
GNI, Atlas method$10.6B$2.9B
GNI per capita$850$610
GNI, PPP adjusted$30.6B$5.5B
GNI per capita, PPP adjusted$2.5k$1.1k

Financial system and Human development

StatGuineaLiberia
Income Tax Rate40%25%
Corporate Tax Rate35%25%
Inflation, consumer prices9.7%23.4%
Inflation, GDP deflator-1.3%-1.9%
Unemployment3.6%2%
Economic Freedom Index56.549
Personal Freedom Index5.956.1
Human Freedom Index5.686.6
Property Rights Index38.731.1
Judical Effectiveness Index33.337.9
Business Freedom Index55.448.2
Fiscal Health Index93.859.7
Labor Freedom Index5838.2
Investment Freedom Index5055
Financial Freedom Index4020
Trade Freedom Index60.460.6
Monetary Freedom Index70.662.1
Government Spending Index91.465.5
Tax Burden Index7086.1
Government Integrity Index16.123.8
Corruption Perceptions Index2832
Life expectancy at birth, years60.763.3
Suicide mortality rate, per 100,000 people6.36.8
Mortality caused by road traffic injury, per 100,000 people28.235.9
Intentional homicides, per 100,000 people8.83.2
International tourism, number of arrivals99kN/A

Government debt & reserves

StatGuineaLiberia
Central government debt, % of GDP38.7%40.5%
External debt stocks, % of GNI24.6%44.7%
External debt stocks$2.6B$1.3B
Short-term debt, % of total reserves12.4%0%
Total debt service, % of exports and primary income2.2%2.8%
Adjusted net savings including particulate emission damage, % of GNI-6.5%-99%
Gross savings, % of GDP3.1%-64.1%
Gross capital formation, % of GDP18.9%12.9%
Total reserves including gold$1.2B$560.3M
Foreign direct investment net inflows$352.8M$129.1M

Exports, imports and economic structure

StatGuineaLiberia
Exports of goods and services, % of GDP37.6%26%
Imports of goods and services, % of GDP53%94.3%
Current account balance (balance of payments)-$190.5M-$674.1M
Revenue excluding grants, % of GDP12.1%15.7%
Grants excluding technical cooperation, BoP$367.3M$436.2M
Personal remittances received$28.4M$459.9M
Industry including construction value added, % of GDP24.8%12.5%
Agriculture, forestry and fishing value added, % of GDP24.3%37.3%
Charges for the use of intellectual property, payments BoP$620kN/A
Charges for the use of intellectual property, receipts BoP-$1.5MN/A
Expense, % of GDP9.4%16.5%
Government Expenditure, % of GDP16.9%33.9%

Compare with countries close by GDP per capita

Guinea vs

CountryGDP
per capita
Population
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M

Liberia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M
Burundi
$272
10.9M