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Economy of Guinea vs Malaysia compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $422B for Malaysia, ranking 118/197 and 38/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Guinea vs Malaysia GDP by year

Guinea
Malaysia
1x
Year GDP, current $
Guinea Malaysia
2024 $25,008,678,293 $422,227,005,429
2023 $22,407,615,556 $399,949,418,753
2022 $19,910,452,542 $407,830,525,990
2021 $17,069,115,738 $373,784,553,030
2020 $14,088,693,743 $337,456,163,961
2019 $13,442,861,496 $365,177,721,022
2018 $11,857,030,367 $358,788,845,713
2017 $10,324,668,271 $319,109,094,160
2016 $8,595,955,222 $301,256,033,870
2015 $8,794,201,743 $301,355,266,965
2014 $8,778,473,373 $338,066,095,097
2013 $8,376,613,539 $323,276,235,524
2012 $7,638,044,557 $314,443,047,642
2011 $6,785,137,203 $297,951,668,675
2010 $6,853,467,146 $255,017,638,456
2009 $6,716,905,340 $202,257,453,037
2008 $6,964,179,983 $230,811,614,370
2007 $6,281,918,226 $193,549,569,478
2006 $4,220,019,845 $162,692,258,307
2005 $4,282,468,637 $143,534,405,819
2004 $5,300,767,961 $124,749,473,684
2003 $5,025,167,975 $110,202,368,421
2002 $4,301,608,753 $100,845,526,316
2001 $4,125,527,603 $92,783,947,368
2000 $4,367,458,867 $93,789,736,842
1999 $5,046,806,783 $79,148,421,053
1998 $5,232,118,046 $72,167,498,981
1997 $5,516,916,163 $100,005,323,302
1996 $5,641,243,100 $100,855,393,910
1995 $5,385,704,166 $88,705,342,903
1994 $4,932,800,407 $74,478,356,958
1993 $4,781,166,117 $66,894,966,969
1992 $4,789,220,417 $59,167,550,163
1991 $4,396,178,694 $49,143,148,094
1990 $3,888,320,666 $44,024,585,240
1989 $3,546,079,263 $38,847,965,293
1988 $3,476,480,303 $35,272,109,220
1987 $2,976,714,019 $32,181,210,158
1986 $2,909,130,355 $27,734,111,400
1985 $22,787,644,566 $31,199,633,353
1984 $18,421,497,251 $33,942,897,422
1983 $15,129,893,722 $30,347,442,111
1982 $11,926,032,493 $26,804,493,635
1981 $9,646,440,667 $25,004,285,792
1980 $9,746,524,915 $24,488,224,677
1979 $8,877,094,497 $21,213,264,962
1978 $8,087,305,999 $16,358,079,862
1977 $6,914,381,291 $13,139,488,633
1976 $6,762,781,871 $11,050,234,599
1975 $6,102,769,605 $9,298,800,799
1974 $5,691,417,541 $9,496,204,302
1973 $5,152,080,388 $7,662,902,678
1972 $4,203,069,035 $5,043,347,250
1971 $3,594,302,908 $4,244,395,956
1970 $3,220,224,608 $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

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

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

GDP per capita in Guinea vs Malaysia by year

Guinea
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $11,874 $38,779
2023 $1,555 $4,334 $11,386 $36,467
2022 $1,417 $4,062 $11,755 $34,420
2021 $1,245 $3,739 $10,903 $29,823
2020 $1,054 $3,332 $9,958 $27,475
2019 $1,031 $3,106 $10,920 $28,934
2018 $933 $2,844 $10,902 $27,794
2017 $834 $2,687 $9,863 $26,416
2016 $712 $2,255 $9,477 $25,286
2015 $747 $1,930 $9,649 $24,526
2014 $765 $1,873 $11,013 $24,307
2013 $748 $1,842 $10,714 $23,161
2012 $699 $1,790 $10,601 $22,639
2011 $637 $1,705 $10,217 $21,324
2010 $659 $1,622 $8,899 $20,193
2009 $662 $1,567 $7,191 $18,923
2008 $704 $1,614 $8,372 $19,480
2007 $650 $1,558 $7,169 $18,617
2006 $447 $1,453 $6,158 $17,426
2005 $463 $1,422 $5,556 $16,371
2004 $585 $1,366 $4,939 $15,416
2003 $566 $1,328 $4,465 $14,387
2002 $496 $1,315 $4,184 $13,656
2001 $483 $1,251 $3,944 $13,072
2000 $518 $1,196 $4,084 $13,027
1999 $611 $1,163 $3,528 $11,980
1998 $647 $1,130 $3,294 $11,398
1997 $696 $1,099 $4,679 $12,469
1996 $726 $1,048 $4,837 $11,709
1995 $713 $1,014 $4,363 $10,720
1994 $672 $976 $3,758 $9,806
1993 $671 $947 $3,462 $9,018
1992 $693 $908 $3,141 $8,224
1991 $656 $887 $2,679 $7,583
1990 $604 $871 $2,469 $6,887
1989 $570 - $2,244 -
1988 $574 - $2,100 -
1987 $505 - $1,977 -
1986 $506 - $1,760 -
1985 $4,062 - $2,046 -
1984 $3,362 - $2,300 -
1983 $2,823 - $2,124 -
1982 $2,273 - $1,938 -
1981 $1,876 - $1,866 -
1980 $1,931 - $1,886 -
1979 $1,790 - $1,680 -
1978 $1,658 - $1,327 -
1977 $1,440 - $1,092 -
1976 $1,431 - $940 -
1975 $1,311 - $811 -
1974 $1,243 - $848 -
1973 $1,143 - $701 -
1972 $948 - $472 -
1971 $825 - $407 -
1970 $753 - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Malaysia ranks 60th at $38,779.

Economic indicators

Guinea Malaysia
Gross domestic product
$25B
2024
$422B
2024
GDP rank
118/197
2024
38/197
2024
GDP growth
5.35%
2023-2024
5.11%
2023-2024
GDP per capita
$1,695
2024
$11,874
2024
GDP per capita rank
160/197
2024
79/197
2024
GDP per capita, PPP
$4,565
2024
$38,779
2024
GDP per capita PPP rank
161/197
2024
60/197
2024
Government debt
$12.2B
2024
$296B
2024
Debt-to-GDP ratio
48.8%
2024
70.1%
2024
Government debt per person
$828
2024
$8,322
2024
Government debt per person rank
147/185
2024
62/185
2024
Average annual personal income after taxes
$20,020
2026
$11,005
2026
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
23.1%
2018
30.9%
2021
Income share by poorest 10%
3.5%
2018
2.3%
2021
Government expenditure, % of GDP
20.6%
2024
23.9%
2024
Consumer prices inflation
4.7%
2023-2024
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
5.02%
2019
3.93%
2022
Population
15546235
36512221

Spending and national debt comparison by year

Guinea
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Guinea Malaysia
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 23.9% 70.1%
2023 18.3% 40.4% 24.9% 69.7%
2022 15.7% 37.9% 24.6% 65.5%
2021 15.1% 40.6% 24.5% 69.2%
2020 17.1% 45.3% 25% 67.7%
2019 14.9% 37.3% 23.6% 57.1%
2018 15.9% 37.5% 22.8% 55.6%
2017 17.3% 39.9% 22% 54.4%
2016 16.1% 40.6% 22.9% 55.8%
2015 21.7% 41.5% 24.7% 57%
2014 20.1% 32.1% 26% 55.4%
2013 18.6% 30.5% 27.8% 55.7%
2012 19.6% 26.9% 28.5% 53.8%
2011 16% 53.8% 27.1% 51.9%
2010 20.5% 71.1% 26.6% 51.2%
2009 16.2% 61.3% 30.9% 50.4%
2008 10.1% 58.5% 26.9% 39.4%
2007 8.66% 60.8% 25.9% 39.3%
2006 13.2% 95.2% 25.6% 39.7%
2005 11% 97.9% 24.5% 40.8%
2004 13% 86.9% 25.9% 42%
2003 14.7% 81.6% 28.1% 41.4%
2002 14.4% 82.6% 27.1% 39.5%
2001 14.9% 90.4% 28.2% 38.1%
2000 12.6% 91.5% 25.6% 32.5%
1999 11.6% 92.3% 24.6% 34.4%
1998 10.3% 75.9% 23.1% 33.6%
1997 12.6% 67.9% 21.2% 29.6%
1996 12% 67.7% 22.4% 32.8%
1995 12.7% 66.5% 22.6% 38.2%
1994 12.6% 71.3% 23.3% 43.7%
1993 13.3% 68.9% 24.6% 51.1%
1992 13.8% 62% 28.2% 59.1%
1991 16.3% 70.9% 27.4% 67.3%
1990 18.7% 71.6% 30.5% 74.1%

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

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 70.1% in Malaysia, ranking 111/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Malaysia
1x
Year Deficit/surplus, % of GDP
Guinea Malaysia
2024 -4.99% -3.95%
2023 -3.86% -3.97%
2022 -1.88% -4.56%
2021 -1.7% -6.03%
2020 -3.08% -4.9%
2019 -0.17% -2.01%
2018 -0.97% -2.64%
2017 -1.98% -2.41%
2016 -0.08% -2.6%
2015 -6.53% -2.55%
2014 -3.01% -2.63%
2013 -3.86% -3.48%
2012 23.7% -3.1%
2011 -0.92% -3.57%
2010 -9.66% -4.32%
2009 -4.87% -5.88%
2008 0.38% -3.4%
2007 1.28% -2.57%
2006 -2.13% -2.6%
2005 -1.06% -2.83%
2004 -3.85% -3.35%
2003 -4.65% -4.6%
2002 -3.37% -3.96%
2001 -3.23% -4.36%
2000 -2.42% -6.05%
1999 -1.3% -3%
1998 2.46% -0.63%
1997 0.07% 4.84%
1996 -2.2% 3.27%
1995 -1.07% 3.1%
1994 -2.59% 5.45%
1993 -2.33% 3.44%
1992 -0.89% 1.81%
1991 -3.25% 1.6%
1990 -3.76% 0.15%

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

GeoRank.org/economy/guinea/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Malaysia ran a deficit in 27 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 2.07% of GDP for Malaysia.

Inflation comparison by year

Inflation
Guinea

Malaysia
1x
Year Consumer prices inflation
Guinea Malaysia
2024 4.7% 1.83%
2023 5.4% 2.49%
2022 10.5% 3.38%
2021 12.6% 2.48%
2020 10.6% -1.14%
2019 9.5% 0.66%
2018 9.8% 0.88%
2017 8.9% 3.87%
2016 8.2% 2.09%
2015 8.2% 2.1%
2014 9.7% 3.14%
2013 11.9% 2.11%
2012 15.2% 1.66%
2011 21.4% 3.17%
2010 15.5% 1.62%
2009 4.7% 0.58%
2008 18.4% 5.44%
2007 22.9% 2.03%
2006 34.7% 3.61%
2005 31.4% 2.98%
2004 17.5% 1.42%
2003 11% 1.09%
2002 3% 1.81%
2001 5.4% 1.42%
2000 6.8% 1.53%
1999 4.6% 2.74%
1998 5.1% 5.27%
1997 1.9% 2.66%

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/malaysia | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 2.25% in Malaysia. In 2024, inflation was 4.7% in Guinea and 1.83% in Malaysia.

Top exports between countries

Guinea
Export category Export value
Raw materials & minerals $6.98M
Textiles & consumer goods $317K
Processed food, beverages & tobacco $19K
Machinery & equipment $2K
Malaysia
Export category Export value
Processed food, beverages & tobacco $40.5M
Machinery & equipment $3.56M
Chemicals & pharma $3.35M
Wood & paper products $1.79M
Textiles & consumer goods $577K
Animal & marine products $450K
Miscellaneous $65K
Precious metals & jewellery $24K
Raw materials & minerals $19K
Metals $14K

Balance of trade

Guinea Malaysia
Current account balance
-$392M
2024
$7.15B
2024
Current account balance ranking
104/190
2024
26/190
2024
Current account balance, % of GDP
-1.57%
2024
+1.69%
2024
Goods imports
$7.08B
2024
$223B
2024
Goods exports
$11.6B
2024
$248B
2024
Service imports
$3.15B
2024
$56.4B
2024
Service exports
$71.2M
2024
$53.4B
2024
Imports of goods and services, % of GDP
56.4%
2024
66%
2024
Exports of goods and services, % of GDP
41.4%
2024
71.3%
2024

Economic freedom indices

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

Guinea Malaysia
Economic freedom 53.1 68
Economic freedom ranking 141/197 51/197
Property rights 21.3 62.7
Government integrity 26.7 52.9
Judicial effectiveness 26 63.4
Tax burden 70.1 83.5
Government spending 90.1 82
Fiscal health 74.8 62.5
Business freedom 44.8 79.6
Labor freedom 56.4 55.4
Monetary freedom 75.3 80.8
Trade freedom 61.8 83
Investment freedom 50 60
Financial freedom 40 50

Economic freedom comparison by year

Guinea
Malaysia
1x
Year Economic freedom index
Guinea Malaysia
2026 53.1 68
2025 54.6 67.1
2024 53.3 65.7
2023 53.2 67.3
2022 54.2 68.1
2021 56.5 74.4
2020 56.5 74.7
2019 55.7 74
2018 52.2 74.5
2017 47.6 73.8
2016 53.3 71.5
2015 52.1 70.8
2014 53.5 69.6
2013 51.2 66.1
2012 50.8 66.4
2011 51.7 66.3
2010 51.8 64.8
2009 51 64.6
2008 52.8 63.9
2007 54.5 63.8
2006 52.8 61.6
2005 57.4 61.9
2004 56.1 59.9
2003 54.6 61.1
2002 52.9 60.1
2001 58.4 60.2
2000 58.2 66
1999 59.4 68.9
1998 61 68.2
1997 52.9 66.8
1996 58.5 69.9
1995 59.4 71.9

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Malaysia
Services, % of GDP
36.3%
2024
53.7%
2024
Industry, % of GDP
25.1%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
8.13%
2024
GNI, Atlas method
$21.3B
2024
$414B
2024
GNI per capita, PPP
$4,130
2024
$37,450
2024
Total reserves including gold
$1.89B
2023
$116B
2024
Total reserves ranking
128/177
2023
24/177
2024
Net foreign direct investment
-$1.4B
2024
-$2.55B
2024
Net inflows of foreign direct investment
$1.4B
2024
$15.6B
2024
Net outflows of foreign direct investment
$30K
2024
$13B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
47%
2020
5.8%
2023
Gross capital formation, % of GDP
32.1%
2024
22%
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/malaysia | CC BY

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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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2016–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.