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Economy of Guinea vs Mauritania compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $10.9B for Mauritania, ranking 118/197 and 153/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Guinea vs Mauritania GDP by year

Guinea
Mauritania
1x
Year GDP, current $
Guinea Mauritania
2024 $25,008,678,293 $10,908,045,687
2023 $22,407,615,556 $10,726,838,461
2022 $19,910,452,542 $9,557,966,698
2021 $17,069,115,738 $9,222,536,364
2020 $14,088,693,743 $8,260,752,385
2019 $13,442,861,496 $7,894,764,886
2018 $11,857,030,367 $7,473,550,557
2017 $10,324,668,271 $6,800,135,898
2016 $8,595,955,222 $6,398,747,592
2015 $8,794,201,743 $6,166,863,897
2014 $8,778,473,373 $6,592,537,782
2013 $8,376,613,539 $7,223,071,097
2012 $7,638,044,557 $6,728,208,836
2011 $6,785,137,203 $6,764,627,746
2010 $6,853,467,146 $5,628,878,798
2009 $6,716,905,340 $4,714,595,548
2008 $6,964,179,983 $5,206,437,194
2007 $6,281,918,226 $4,346,212,355
2006 $4,220,019,845 $3,919,577,286
2005 $4,282,468,637 $2,936,019,526
2004 $5,300,767,961 $2,362,501,023
2003 $5,025,167,975 $2,051,147,607
2002 $4,301,608,753 $1,777,057,481
2001 $4,125,527,603 $1,746,063,558
2000 $4,367,458,867 $1,779,520,886
1999 $5,046,806,783 $1,985,922,776
1998 $5,232,118,046 $2,032,347,665
1997 $5,516,916,163 $2,071,996,564
1996 $5,641,243,100 $2,132,087,009
1995 $5,385,704,166 $2,091,726,101
1994 $4,932,800,407 $1,944,876,755
1993 $4,781,166,117 $1,847,353,211
1992 $4,789,220,417 $2,164,298,425
1991 $4,396,178,694 $2,133,692,697
1990 $3,888,320,666 $1,506,914,408
1989 $3,546,079,263 $1,450,647,019
1988 $3,476,480,303 $1,414,951,290
1987 $2,976,714,019 $1,344,664,725
1986 $2,909,130,355 $1,186,628,778
1985 $22,787,644,566 $1,009,723,326
1984 $18,421,497,251 $1,074,373,230
1983 $15,129,893,722 $1,165,171,263
1982 $11,926,032,493 $1,108,776,653
1981 $9,646,440,667 $1,105,494,682
1980 $9,746,524,915 $1,047,925,106
1979 $8,877,094,497 $951,900,945
1978 $8,087,305,999 $804,629,877
1977 $6,914,381,291 $799,030,017
1976 $6,762,781,871 $775,045,517
1975 $6,102,769,605 $703,377,837
1974 $5,691,417,541 $613,010,553
1973 $5,152,080,388 $493,237,876
1972 $4,203,069,035 $391,669,449
1971 $3,594,302,908 $335,568,907
1970 $3,220,224,608 $309,405,316
1969 - $295,062,308
1968 - $311,395,937
1967 - $282,615,310
1966 - $266,533,605
1965 - $255,340,475
1964 - $224,495,744
1963 - $168,186,297
1962 - $164,271,558
1961 - $159,213,430

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea vs Mauritania by year

Guinea
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $2,110 $7,369
2023 $1,555 $4,334 $2,136 $6,966
2022 $1,417 $4,062 $1,960 $6,485
2021 $1,245 $3,739 $1,948 $5,837
2020 $1,054 $3,332 $1,796 $5,741
2019 $1,031 $3,106 $1,767 $5,610
2018 $933 $2,844 $1,723 $5,429
2017 $834 $2,687 $1,615 $5,353
2016 $712 $2,255 $1,566 $4,683
2015 $747 $1,930 $1,555 $3,978
2014 $765 $1,873 $1,713 $3,865
2013 $748 $1,842 $1,934 $3,831
2012 $699 $1,790 $1,859 $3,465
2011 $637 $1,705 $1,931 $3,271
2010 $659 $1,622 $1,660 $3,178
2009 $662 $1,567 $1,435 $3,159
2008 $704 $1,614 $1,636 $3,236
2007 $650 $1,558 $1,405 $3,278
2006 $447 $1,453 $1,301 $3,342
2005 $463 $1,422 $999 $2,809
2004 $585 $1,366 $824 $2,570
2003 $566 $1,328 $732 $2,447
2002 $496 $1,315 $649 $2,296
2001 $483 $1,251 $652 $2,280
2000 $518 $1,196 $681 $2,304
1999 $611 $1,163 $781 $2,411
1998 $647 $1,130 $821 $2,355
1997 $696 $1,099 $859 $2,325
1996 $726 $1,048 $904 $2,436
1995 $713 $1,014 $905 $2,306
1994 $672 $976 $865 $2,114
1993 $671 $947 $850 $2,209
1992 $693 $908 $1,036 $2,122
1991 $656 $887 $1,062 $2,116
1990 $604 $871 $772 $2,070
1989 $570 - $762 -
1988 $574 - $762 -
1987 $505 - $746 -
1986 $506 - $677 -
1985 $4,062 - $593 -
1984 $3,362 - $650 -
1983 $2,823 - $725 -
1982 $2,273 - $710 -
1981 $1,876 - $729 -
1980 $1,931 - $711 -
1979 $1,790 - $664 -
1978 $1,658 - $578 -
1977 $1,440 - $590 -
1976 $1,431 - $589 -
1975 $1,311 - $551 -
1974 $1,243 - $494 -
1973 $1,143 - $410 -
1972 $948 - $335 -
1971 $825 - $296 -
1970 $753 - $281.3 -
1969 - - $276.6 -
1968 - - $301 -
1967 - - $281.5 -
1966 - - $273.6 -
1965 - - $270 -
1964 - - $244.3 -
1963 - - $188.2 -
1962 - - $189 -
1961 - - $188.2 -

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Mauritania ranks 147th at $7,369.

Economic indicators

Guinea Mauritania
Gross domestic product
$25B
2024
$10.9B
2024
GDP rank
118/197
2024
153/197
2024
GDP growth
5.35%
2023-2024
6.31%
2023-2024
GDP per capita
$1,695
2024
$2,110
2024
GDP per capita rank
160/197
2024
156/197
2024
GDP per capita, PPP
$4,565
2024
$7,369
2024
GDP per capita PPP rank
161/197
2024
147/197
2024
Government debt
$12.2B
2024
$4.67B
2024
Debt-to-GDP ratio
48.8%
2024
42.8%
2024
Government debt per person
$828
2024
$904
2024
Government debt per person rank
147/185
2024
145/185
2024
Average annual personal income after taxes
$20,020
2026
$2,078
2026
Income share by richest 10%
23.1%
2018
24.6%
2019
Income share by poorest 10%
3.5%
2018
3.1%
2019
Government expenditure, % of GDP
20.6%
2024
23.6%
2024
Consumer prices inflation
4.7%
2023-2024
2.49%
2023-2024
Unemployment rate
5.02%
2019
10.4%
2019
Population
15546235
5505206

Spending and national debt comparison by year

Guinea
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Guinea Mauritania
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 23.6% 42.8%
2023 18.3% 40.4% 24.8% 47.1%
2022 15.7% 37.9% 28.7% 50.5%
2021 15.1% 40.6% 20.8% 54.5%
2020 17.1% 45.3% 18.5% 56.5%
2019 14.9% 37.3% 17.8% 57.7%
2018 15.9% 37.5% 19% 59.2%
2017 17.3% 39.9% 20.3% 55.7%
2016 16.1% 40.6% 20.8% 57.6%
2015 21.7% 41.5% 25.7% 59.9%
2014 20.1% 32.1% 23.9% 49.5%
2013 18.6% 30.5% 20.1% 40.7%
2012 19.6% 26.9% 21.5% 39.3%
2011 16% 53.8% 17% 38.8%
2010 20.5% 71.1% 17.3% 43.9%
2009 16.2% 61.3% 19.6% 54.3%
2008 10.1% 58.5% 19.8% 57.2%
2007 8.66% 60.8% 19.7% 61.5%
2006 13.2% 95.2% 19% 38%
2005 11% 97.9% 21.3% 71.1%
2004 13% 86.9% 23.9% 22%
2003 14.7% 81.6% - 22.9%
2002 14.4% 82.6% - 59.5%
2001 14.9% 90.4% - 63.5%
2000 12.6% 91.5% - 55.5%
1999 11.6% 92.3% - -
1998 10.3% 75.9% - -
1997 12.6% 67.9% - -
1996 12% 67.7% - -
1995 12.7% 66.5% - -
1994 12.6% 71.3% - -
1993 13.3% 68.9% - -
1992 13.8% 62% - -
1991 16.3% 70.9% - -
1990 18.7% 71.6% - -

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

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 42.8% in Mauritania, ranking 111/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Mauritania
1x
Year Deficit/surplus, % of GDP
Guinea Mauritania
2024 -4.99% -1.35%
2023 -3.86% -2.45%
2022 -1.88% -3.09%
2021 -1.7% 2.6%
2020 -3.08% 2.78%
2019 -0.17% 2.65%
2018 -0.97% 3.23%
2017 -1.98% 0.53%
2016 -0.08% 0.13%
2015 -6.53% -2.44%
2014 -3.01% -2.64%
2013 -3.86% -0.66%
2012 23.7% 1.67%
2011 -0.92% 0.07%
2010 -9.66% -0.45%
2009 -4.87% -3.59%
2008 0.38% -3.32%
2007 1.28% -1.38%
2006 -2.13% 2.05%
2005 -1.06% -3.16%
2004 -3.85% -3.06%
2003 -4.65% -
2002 -3.37% -
2001 -3.23% -
2000 -2.42% -
1999 -1.3% -
1998 2.46% -
1997 0.07% -
1996 -2.2% -
1995 -1.07% -
1994 -2.59% -
1993 -2.33% -
1992 -0.89% -
1991 -3.25% -
1990 -3.76% -

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

GeoRank.org/economy/guinea/mauritania | 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 Mauritania's deficit of $148M, or 1.35% of GDP.

Over the past 21 years, Guinea recorded a fiscal deficit in 18 of those years, while Mauritania ran a deficit in 12 years. On average, Guinea posted an annual deficit equal to 1.39% of GDP, compared to deficit of 0.57% of GDP for Mauritania.

Inflation comparison by year

Inflation
Guinea

Mauritania
1x
Year Consumer prices inflation
Guinea Mauritania
2024 4.7% 2.49%
2023 5.4% 4.95%
2022 10.5% 9.53%
2021 12.6% 3.57%
2020 10.6% 2.39%
2019 9.5% 2.3%
2018 9.8% 3.07%
2017 8.9% 2.25%
2016 8.2% 1.47%
2015 8.2% 3.25%
2014 9.7% 3.53%
2013 11.9% 4.13%
2012 15.2% 4.9%
2011 21.4% 5.69%
2010 15.5% 6.28%
2009 4.7% 2.22%
2008 18.4% 7.35%
2007 22.9% 7.25%
2006 34.7% 6.24%
2005 31.4% 12.1%
2004 17.5% 10.4%
2003 11% 5.15%
2002 3% 3.9%
2001 5.4% 4.71%
2000 6.8% 3.25%
1999 4.6% 4.07%
1998 5.1% 8.03%
1997 1.9% 4.63%

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/mauritania | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 4.97% in Mauritania. In 2024, inflation was 4.7% in Guinea and 2.49% in Mauritania.

Top exports between countries

Guinea
Export category Export value
Processed food, beverages & tobacco $60K
Wood & paper products $44K
Miscellaneous $40K
Chemicals & pharma $9K
Machinery & equipment $4K
Mauritania
Export category Export value
Animal & marine products $13M
Machinery & equipment $118K
Raw materials & minerals $115K
Textiles & consumer goods $7K
Metals $2K
Chemicals & pharma $1K

Balance of trade

Guinea Mauritania
Current account balance
-$392M
2024
-$1.04B
2024
Current account balance ranking
104/190
2024
124/190
2024
Current account balance, % of GDP
-1.57%
2024
-9.53%
2024
Goods imports
$7.08B
2024
$4.32B
2024
Goods exports
$11.6B
2024
$3.83B
2024
Service imports
$3.15B
2024
$1.05B
2024
Service exports
$71.2M
2024
$230M
2024
Imports of goods and services, % of GDP
56.4%
2024
52.2%
2024
Exports of goods and services, % of GDP
41.4%
2024
41.4%
2024

Economic freedom indices

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

Guinea Mauritania
Economic freedom 53.1 53.9
Economic freedom ranking 141/197 136/197
Property rights 21.3 32.6
Government integrity 26.7 24.5
Judicial effectiveness 26 26.4
Tax burden 70.1 75.5
Government spending 90.1 80.2
Fiscal health 74.8 87.9
Business freedom 44.8 38.7
Labor freedom 56.4 53.6
Monetary freedom 75.3 77.8
Trade freedom 61.8 59.6
Investment freedom 50 50
Financial freedom 40 40

Economic freedom comparison by year

Guinea
Mauritania
1x
Year Economic freedom index
Guinea Mauritania
2026 53.1 53.9
2025 54.6 54.9
2024 53.3 55.3
2023 53.2 55.3
2022 54.2 55.3
2021 56.5 56.1
2020 56.5 55.3
2019 55.7 55.7
2018 52.2 54
2017 47.6 54.4
2016 53.3 54.8
2015 52.1 53.3
2014 53.5 53.2
2013 51.2 52.3
2012 50.8 53
2011 51.7 52.1
2010 51.8 52
2009 51 53.9
2008 52.8 55.2
2007 54.5 53.6
2006 52.8 55.7
2005 57.4 59.4
2004 56.1 61.8
2003 54.6 59
2002 52.9 52.5
2001 58.4 48.5
2000 58.2 46
1999 59.4 42.8
1998 61 43.7
1997 52.9 47
1996 58.5 45.5
1995 59.4 -

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Mauritania
Services, % of GDP
36.3%
2024
42.4%
2024
Industry, % of GDP
25.1%
2024
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
19.3%
2024
GNI, Atlas method
$21.3B
2024
$11B
2024
GNI per capita, PPP
$4,130
2024
$7,300
2024
Total reserves including gold
$1.89B
2023
$2.04B
2021
Total reserves ranking
128/177
2023
126/177
2021
Net foreign direct investment
-$1.4B
2024
-$1.44B
2024
Net inflows of foreign direct investment
$1.4B
2024
$1.44B
2024
Net outflows of foreign direct investment
$30K
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
3.82%
2024
Poverty at national poverty lines
47%
2020
31.8%
2019
Gross capital formation, % of GDP
32.1%
2024
43.1%
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/mauritania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2024, 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.