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Economy of Guinea vs Morocco compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $161B for Morocco, ranking 118/197 and 58/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Guinea vs Morocco GDP by year

Guinea
Morocco
1x
Year GDP, current $
Guinea Morocco
2024 $25,008,678,293 $160,610,994,055
2023 $22,407,615,556 $146,036,093,667
2022 $19,910,452,542 $131,245,312,804
2021 $17,069,115,738 $142,022,058,447
2020 $14,088,693,743 $121,353,645,057
2019 $13,442,861,496 $128,920,266,409
2018 $11,857,030,367 $127,341,147,582
2017 $10,324,668,271 $118,540,573,368
2016 $8,595,955,222 $111,572,947,005
2015 $8,794,201,743 $110,413,823,842
2014 $8,778,473,373 $119,130,841,412
2013 $8,376,613,539 $115,739,287,305
2012 $7,638,044,557 $106,937,392,311
2011 $6,785,137,203 $110,080,631,332
2010 $6,853,467,146 $100,865,329,473
2009 $6,716,905,340 $101,154,952,241
2008 $6,964,179,983 $101,822,906,949
2007 $6,281,918,226 $86,947,913,287
2006 $4,220,019,845 $75,883,823,301
2005 $4,282,468,637 $68,852,658,069
2004 $5,300,767,961 $66,114,145,451
2003 $5,025,167,975 $58,029,363,354
2002 $4,301,608,753 $47,077,192,188
2001 $4,125,527,603 $43,831,480,208
2000 $4,367,458,867 $43,017,455,402
1999 $5,046,806,783 $46,266,428,648
1998 $5,232,118,046 $46,497,608,725
1997 $5,516,916,163 $39,147,844,526
1996 $5,641,243,100 $43,161,571,528
1995 $5,385,704,166 $39,030,285,468
1994 $4,932,800,407 $35,604,137,423
1993 $4,781,166,117 $31,655,473,664
1992 $4,789,220,417 $33,711,069,431
1991 $4,396,178,694 $32,285,573,574
1990 $3,888,320,666 $30,179,954,775
1989 $3,546,079,263 $26,314,313,191
1988 $3,476,480,303 $25,705,296,184
1987 $2,976,714,019 $21,765,195,948
1986 $2,909,130,355 $19,462,085,540
1985 $22,787,644,566 $14,991,283,216
1984 $18,421,497,251 $14,824,667,954
1983 $15,129,893,722 $16,251,408,128
1982 $11,926,032,493 $17,692,276,734
1981 $9,646,440,667 $17,788,185,479
1980 $9,746,524,915 $21,728,516,153
1979 $8,877,094,497 $15,911,994,817
1978 $8,087,305,999 $13,236,946,234
1977 $6,914,381,291 $11,049,783,872
1976 $6,762,781,871 $9,584,297,284
1975 $6,102,769,605 $8,984,853,005
1974 $5,691,417,541 $7,675,466,449
1973 $5,152,080,388 $6,242,145,880
1972 $4,203,069,035 $5,074,117,545
1971 $3,594,302,908 $4,356,669,034
1970 $3,220,224,608 $3,956,336,244
1969 - $3,651,622,669
1968 - $3,271,422,333
1967 - $3,046,345,314
1966 - $2,876,401,297
1965 - $2,948,331,090
1964 - $2,798,345,299
1963 - $2,657,252,578
1962 - $2,379,611,125
1961 - $2,025,693,540
1960 - $2,037,154,742

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

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

GDP per capita in Guinea vs Morocco by year

Guinea
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $4,218 $10,415
2023 $1,555 $4,334 $3,872 $9,895
2022 $1,417 $4,062 $3,516 $9,310
2021 $1,245 $3,739 $3,843 $8,623
2020 $1,054 $3,332 $3,317 $7,705
2019 $1,031 $3,106 $3,560 $8,046
2018 $933 $2,844 $3,553 $7,801
2017 $834 $2,687 $3,344 $8,115
2016 $712 $2,255 $3,186 $7,853
2015 $747 $1,930 $3,190 $7,799
2014 $765 $1,873 $3,483 $7,237
2013 $748 $1,842 $3,425 $7,542
2012 $699 $1,790 $3,206 $7,308
2011 $637 $1,705 $3,345 $7,274
2010 $659 $1,622 $3,107 $6,849
2009 $662 $1,567 $3,158 $6,629
2008 $704 $1,614 $3,222 $6,437
2007 $650 $1,558 $2,788 $6,058
2006 $447 $1,453 $2,466 $5,781
2005 $463 $1,422 $2,268 $5,275
2004 $585 $1,366 $2,207 $5,025
2003 $566 $1,328 $1,962 $4,741
2002 $496 $1,315 $1,612 $4,436
2001 $483 $1,251 $1,521 $4,269
2000 $518 $1,196 $1,513 $3,930
1999 $611 $1,163 $1,651 $3,801
1998 $647 $1,130 $1,683 $3,740
1997 $696 $1,099 $1,439 $3,502
1996 $726 $1,048 $1,610 $3,551
1995 $713 $1,014 $1,478 $3,152
1994 $672 $976 $1,369 $3,315
1993 $671 $947 $1,236 $2,979
1992 $693 $908 $1,337 $2,979
1991 $656 $887 $1,302 $3,025
1990 $604 $871 $1,238 $2,777
1989 $570 - $1,099 -
1988 $574 - $1,094 -
1987 $505 - $944 -
1986 $506 - $861 -
1985 $4,062 - $678 -
1984 $3,362 - $687 -
1983 $2,823 - $772 -
1982 $2,273 - $862 -
1981 $1,876 - $890 -
1980 $1,931 - $1,117 -
1979 $1,790 - $839 -
1978 $1,658 - $716 -
1977 $1,440 - $613 -
1976 $1,431 - $545 -
1975 $1,311 - $524 -
1974 $1,243 - $459 -
1973 $1,143 - $382 -
1972 $948 - $319 -
1971 $825 - $280.6 -
1970 $753 - $261.5 -
1969 - - $247.8 -
1968 - - $228 -
1967 - - $218.1 -
1966 - - $211.5 -
1965 - - $222.7 -
1964 - - $216.9 -
1963 - - $211.3 -
1962 - - $194.2 -
1961 - - $169.8 -
1960 - - $175.2 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Morocco ranks 132nd at $10,415.

Economic indicators

Guinea Morocco
Gross domestic product
$25B
2024
$161B
2024
GDP rank
118/197
2024
58/197
2024
GDP growth
5.35%
2023-2024
3.79%
2023-2024
GDP per capita
$1,695
2024
$4,218
2024
GDP per capita rank
160/197
2024
127/197
2024
GDP per capita, PPP
$4,565
2024
$10,415
2024
GDP per capita PPP rank
161/197
2024
132/197
2024
Government debt
$12.2B
2024
$109B
2024
Debt-to-GDP ratio
48.8%
2024
67.7%
2024
Government debt per person
$828
2024
$2,857
2024
Government debt per person rank
147/185
2024
104/185
2024
Average annual personal income after taxes
$20,020
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
23.1%
2018
31.9%
2013
Income share by poorest 10%
3.5%
2018
2.7%
2013
Government expenditure, % of GDP
20.6%
2024
33%
2024
Consumer prices inflation
4.7%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
5.02%
2019
11.8%
2022
Population
15546235
38871720

Spending and national debt comparison by year

Guinea
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Guinea Morocco
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 33% 67.7%
2023 18.3% 40.4% 32% 68.7%
2022 15.7% 37.9% 33.7% 71.4%
2021 15.1% 40.6% 31% 69.4%
2020 17.1% 45.3% 34.1% 72.2%
2019 14.9% 37.3% 27.6% 60.3%
2018 15.9% 37.5% 27.8% 60.5%
2017 17.3% 39.9% 27.9% 60.3%
2016 16.1% 40.6% 28.6% 60.1%
2015 21.7% 41.5% 28.5% 58.4%
2014 20.1% 32.1% 30.7% 58.6%
2013 18.6% 30.5% 30.4% 57.1%
2012 19.6% 26.9% 32.5% 52.3%
2011 16% 53.8% 31.2% 48.6%
2010 20.5% 71.1% 28.7% 45.3%
2009 16.2% 61.3% 28.1% 42.6%
2008 10.1% 58.5% 28.3% 42%
2007 8.66% 60.8% 26.4% 47.1%
2006 13.2% 95.2% 26% 50.6%
2005 11% 97.9% 28.6% 54.8%
2004 13% 86.9% 24.5% 54.4%
2003 14.7% 81.6% 24.1% 56.9%
2002 14.4% 82.6% 25.8% 59.4%
2001 14.9% 90.4% 23.7% 60.4%
2000 12.6% 91.5% 22.8% 64.9%
1999 11.6% 92.3% 18.4% 63.4%
1998 10.3% 75.9% 18.7% 64.5%
1997 12.6% 67.9% 18.6% 68%
1996 12% 67.7% 17.6% 65.3%
1995 12.7% 66.5% 21.3% 72.2%
1994 12.6% 71.3% 21.7% 69.3%
1993 13.3% 68.9% 23.1% 74.7%
1992 13.8% 62% 22.3% 67%
1991 16.3% 70.9% 20.8% 59.1%
1990 18.7% 71.6% 22.6% 70.5%

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

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 67.7% in Morocco, ranking 111/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Morocco
1x
Year Deficit/surplus, % of GDP
Guinea Morocco
2024 -4.99% -3.92%
2023 -3.86% -4.41%
2022 -1.88% -5.37%
2021 -1.7% -5.92%
2020 -3.08% -7.15%
2019 -0.17% -3.8%
2018 -0.97% -3.52%
2017 -1.98% -3.3%
2016 -0.08% -4.49%
2015 -6.53% -4.59%
2014 -3.01% -4.78%
2013 -3.86% -4.7%
2012 23.7% -6.63%
2011 -0.92% -6.08%
2010 -9.66% -3.93%
2009 -4.87% -1.63%
2008 0.38% 0.63%
2007 1.28% -0.12%
2006 -2.13% -1.8%
2005 -1.06% -5.46%
2004 -3.85% -3.31%
2003 -4.65% -3.74%
2002 -3.37% -4.37%
2001 -3.23% -3.79%
2000 -2.42% -1.97%
1999 -1.3% 3.21%
1998 2.46% 1.47%
1997 0.07% 1.5%
1996 -2.2% 0.87%
1995 -1.07% -2.54%
1994 -2.59% -2.51%
1993 -2.33% -2%
1992 -0.89% -1.84%
1991 -3.25% -0.9%
1990 -3.76% -1.32%

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

GeoRank.org/economy/guinea/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Morocco ran a deficit in 30 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Guinea

Morocco
1x
Year Consumer prices inflation
Guinea Morocco
2024 4.7% 0.99%
2023 5.4% 6.09%
2022 10.5% 6.66%
2021 12.6% 1.4%
2020 10.6% 0.71%
2019 9.5% 0.3%
2018 9.8% 1.8%
2017 8.9% 0.75%
2016 8.2% 1.64%
2015 8.2% 1.56%
2014 9.7% 0.44%
2013 11.9% 1.88%
2012 15.2% 1.29%
2011 21.4% 0.91%
2010 15.5% 0.99%
2009 4.7% 0.97%
2008 18.4% 3.71%
2007 22.9% 2.04%
2006 34.7% 3.28%
2005 31.4% 0.98%
2004 17.5% 1.49%
2003 11% 1.17%
2002 3% 2.8%
2001 5.4% 0.62%
2000 6.8% 1.89%
1999 4.6% 0.68%
1998 5.1% 2.75%
1997 1.9% 1.04%

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/morocco | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 1.82% in Morocco. In 2024, inflation was 4.7% in Guinea and 0.99% in Morocco.

Top exports between countries

Guinea
Export category Export value
Raw agricultural goods $1.71M
Raw materials & minerals $972K
Precious metals & jewellery $802K
Processed food, beverages & tobacco $509K
Wood & paper products $15K
Machinery & equipment $12K
Morocco
Export category Export value
Raw materials & minerals $57.3M
Machinery & equipment $41M
Processed food, beverages & tobacco $29.8M
Textiles & consumer goods $14.5M
Wood & paper products $9.03M
Metals $5.15M
Chemicals & pharma $2.83M
Animal & marine products $2.74M
Raw agricultural goods $355K
Miscellaneous $252K

Balance of trade

Guinea Morocco
Current account balance
-$392M
2024
-$1.87B
2024
Current account balance ranking
104/190
2024
141/190
2024
Current account balance, % of GDP
-1.57%
2024
-1.16%
2024
Goods imports
$7.08B
2024
$66.5B
2024
Goods exports
$11.6B
2024
$39.3B
2024
Service imports
$3.15B
2024
$14.3B
2024
Service exports
$71.2M
2024
$28.2B
2024
Imports of goods and services, % of GDP
56.4%
2024
50.2%
2024
Exports of goods and services, % of GDP
41.4%
2024
42%
2024

Economic freedom indices

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

Guinea Morocco
Economic freedom 53.1 61.8
Economic freedom ranking 141/197 91/197
Property rights 21.3 55.2
Government integrity 26.7 35.6
Judicial effectiveness 26 32.5
Tax burden 70.1 65.5
Government spending 90.1 67.5
Fiscal health 74.8 57.5
Business freedom 44.8 72.1
Labor freedom 56.4 46.2
Monetary freedom 75.3 79.6
Trade freedom 61.8 69.8
Investment freedom 50 80
Financial freedom 40 80

Economic freedom comparison by year

Guinea
Morocco
1x
Year Economic freedom index
Guinea Morocco
2026 53.1 61.8
2025 54.6 60.3
2024 53.3 56.8
2023 53.2 58.4
2022 54.2 59.2
2021 56.5 63.3
2020 56.5 63.3
2019 55.7 62.9
2018 52.2 61.9
2017 47.6 61.5
2016 53.3 61.3
2015 52.1 60.1
2014 53.5 58.3
2013 51.2 59.6
2012 50.8 60.2
2011 51.7 59.6
2010 51.8 59.2
2009 51 57.7
2008 52.8 55.6
2007 54.5 56.4
2006 52.8 51.5
2005 57.4 52.2
2004 56.1 56.7
2003 54.6 57.8
2002 52.9 59
2001 58.4 63.9
2000 58.2 63.2
1999 59.4 63.8
1998 61 61.1
1997 52.9 64.7
1996 58.5 64.3
1995 59.4 62.8

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Morocco
Services, % of GDP
36.3%
2024
52.7%
2024
Industry, % of GDP
25.1%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
10.6%
2024
GNI, Atlas method
$21.3B
2024
$149B
2024
GNI per capita, PPP
$4,130
2024
$10,260
2024
Total reserves including gold
$1.89B
2023
$37.1B
2024
Total reserves ranking
128/177
2023
52/177
2024
Net foreign direct investment
-$1.4B
2024
-$948M
2024
Net inflows of foreign direct investment
$1.4B
2024
$1.64B
2024
Net outflows of foreign direct investment
$30K
2024
$691M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
5.63%
2024
Poverty at national poverty lines
47%
2020
3.9%
2022
Gross capital formation, % of GDP
32.1%
2024
30.1%
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/morocco | 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 (2016–2023, 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.