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Economy of Guinea vs Myanmar compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $74.1B for Myanmar, ranking 118/197 and 85/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Guinea vs Myanmar GDP by year

Guinea
Myanmar
1x
Year GDP, current $
Guinea Myanmar
2024 $25,008,678,293 $74,068,349,524
2023 $22,407,615,556 $66,757,619,000
2022 $19,910,452,542 $62,253,049,903
2021 $17,069,115,738 $66,345,291,149
2020 $14,088,693,743 $79,006,113,670
2019 $13,442,861,496 $75,065,106,243
2018 $11,857,030,367 $67,860,515,993
2017 $10,324,668,271 $66,053,040,475
2016 $8,595,955,222 $63,298,361,984
2015 $8,794,201,743 $59,607,290,408
2014 $8,778,473,373 $65,531,374,210
2013 $8,376,613,539 $60,269,732,855
2012 $7,638,044,557 $59,937,796,648
2011 $6,785,137,203 $59,977,326,086
2010 $6,853,467,146 $49,540,813,342
2009 $6,716,905,340 $36,906,181,381
2008 $6,964,179,983 $31,862,554,102
2007 $6,281,918,226 $20,182,477,481
2006 $4,220,019,845 $14,502,553,710
2005 $4,282,468,637 $11,986,972,419
2004 $5,300,767,961 $10,567,354,056
2003 $5,025,167,975 $10,467,109,978
2002 $4,301,608,753 $6,777,632,512
2001 $4,125,527,603 $6,477,790,688
2000 $4,367,458,867 $8,905,066,164
1999 $5,046,806,783 $8,486,832,801
1998 $5,232,118,046 $6,459,461,639
1997 $5,516,916,163 $4,722,288,496
1996 $5,641,243,100 $6,123,556,717
1995 $5,385,704,166 $5,289,174,943
1994 $4,932,800,407 $4,432,257,174
1993 $4,781,166,117 $3,163,020,035
1992 $4,789,220,417 $2,411,552,289
1991 $4,396,178,694 $2,069,832,687
1990 $3,888,320,666 $2,115,193,513
1989 $3,546,079,263 $2,013,448,229
1988 $3,476,480,303 $1,541,088,312
1987 $2,976,714,019 $1,562,448,077
1986 $2,909,130,355 $1,582,873,750
1985 $22,787,644,566 $1,478,908,173
1984 $18,421,497,251 $1,304,063,253
1983 $15,129,893,722 $1,381,573,615
1982 $11,926,032,493 $1,481,165,468
1981 $9,646,440,667 $1,111,000,765
1980 $9,746,524,915 $1,038,225,167
1979 $8,877,094,497 $952,265,043
1978 $8,087,305,999 $935,408,775
1977 $6,914,381,291 $873,579,932
1976 $6,762,781,871 $1,204,699,849
1975 $6,102,769,605 $1,061,107,354
1974 $5,691,417,541 $1,225,589,878
1973 $5,152,080,388 $719,754,655
1972 $4,203,069,035 $662,213,083
1971 $3,594,302,908 $587,448,405
1970 $3,220,224,608 $563,555,631
1969 - $571,854,215
1968 - $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

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

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

GDP per capita in Guinea vs Myanmar by year

Guinea
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $1,359 $5,997
2023 $1,555 $4,334 $1,233 $5,953
2022 $1,417 $4,062 $1,158 $5,732
2021 $1,245 $3,739 $1,243 $5,178
2020 $1,054 $3,332 $1,490 $5,741
2019 $1,031 $3,106 $1,426 $6,101
2018 $933 $2,844 $1,298 $5,581
2017 $834 $2,687 $1,273 $4,706
2016 $712 $2,255 $1,229 $4,460
2015 $747 $1,930 $1,167 $4,459
2014 $765 $1,873 $1,293 $4,376
2013 $748 $1,842 $1,199 $4,144
2012 $699 $1,790 $1,203 $3,845
2011 $637 $1,705 $1,214 $3,579
2010 $659 $1,622 $1,011 $3,348
2009 $662 $1,567 $758 $3,040
2008 $704 $1,614 $658 $2,748
2007 $650 $1,558 $419 $2,459
2006 $447 $1,453 $303 $2,153
2005 $463 $1,422 $252.7 $1,860
2004 $585 $1,366 $224.5 $1,601
2003 $566 $1,328 $224.3 $1,385
2002 $496 $1,315 $146.6 $1,204
2001 $483 $1,251 $141.5 $1,069
2000 $518 $1,196 $196.6 $949
1999 $611 $1,163 $189.5 $825
1998 $647 $1,130 $146 $742
1997 $696 $1,099 $108 $702
1996 $726 $1,048 $141.9 $661
1995 $713 $1,014 $124.1 $618
1994 $672 $976 $105.4 $573
1993 $671 $947 $76.2 $529
1992 $693 $908 $58.9 $494
1991 $656 $887 $51.2 $447
1990 $604 $871 $53.1 $441
1989 $570 - $51.3 -
1988 $574 - $39.9 -
1987 $505 - $41.1 -
1986 $506 - $42.4 -
1985 $4,062 - $40.4 -
1984 $3,362 - $36.3 -
1983 $2,823 - $39.3 -
1982 $2,273 - $43 -
1981 $1,876 - $32.8 -
1980 $1,931 - $31.2 -
1979 $1,790 - $29.2 -
1978 $1,658 - $29.3 -
1977 $1,440 - $27.9 -
1976 $1,431 - $39.2 -
1975 $1,311 - $35.2 -
1974 $1,243 - $41.4 -
1973 $1,143 - $24.8 -
1972 $948 - $23.3 -
1971 $825 - $21.1 -
1970 $753 - $20.7 -
1969 - - $21.5 -
1968 - - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Myanmar ranks 153rd at $5,997.

Economic indicators

Guinea Myanmar
Gross domestic product
$25B
2024
$74.1B
2024
GDP rank
118/197
2024
85/197
2024
GDP growth
5.35%
2023-2024
-0.97%
2023-2024
GDP per capita
$1,695
2024
$1,359
2024
GDP per capita rank
160/197
2024
165/197
2024
GDP per capita, PPP
$4,565
2024
$5,997
2024
GDP per capita PPP rank
161/197
2024
153/197
2024
Government debt
$12.2B
2024
$44B
2024
Debt-to-GDP ratio
48.8%
2024
59.3%
2024
Government debt per person
$828
2024
$806
2024
Government debt per person rank
147/185
2024
150/185
2024
Average annual personal income after taxes
$20,020
2026
$1,646
2026
Income share by richest 10%
23.1%
2018
25.5%
2017
Income share by poorest 10%
3.5%
2018
3.8%
2017
Government expenditure, % of GDP
20.6%
2024
20.7%
2024
Consumer prices inflation
4.7%
2023-2024
8.83%
2018-2019
Unemployment rate
5.02%
2019
1.48%
2020
Population
15546235
55292116

Spending and national debt comparison by year

Guinea
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Guinea Myanmar
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 20.7% 59.3%
2023 18.3% 40.4% 21.4% 59.1%
2022 15.7% 37.9% 21.3% 56.1%
2021 15.1% 40.6% 20.9% 63.4%
2020 17.1% 45.3% 21.3% 49.1%
2019 14.9% 37.3% 20.5% 37.6%
2018 15.9% 37.5% 18.7% 39.9%
2017 17.3% 39.9% 19.7% 41.9%
2016 16.1% 40.6% 21.3% 35.7%
2015 21.7% 41.5% 23.7% 36.6%
2014 20.1% 32.1% 24.7% 34.5%
2013 18.6% 30.5% 23.9% 44.8%
2012 19.6% 26.9% 20% 48%
2011 16% 53.8% 15.6% 49.9%
2010 20.5% 71.1% 15.8% 54.4%
2009 16.2% 61.3% 14.4% 56.4%
2008 10.1% 58.5% 14.4% 59.8%
2007 8.66% 60.8% 15.7% 77.4%
2006 13.2% 95.2% 15.6% 103.1%
2005 11% 97.9% 14.6% 119%
2004 13% 86.9% 14.6% 126.6%
2003 14.7% 81.6% 14.3% 146%
2002 14.4% 82.6% 15.3% 190.6%
2001 14.9% 90.4% 19.1% 262%
2000 12.6% 91.5% 21.4% 164.5%
1999 11.6% 92.3% 22.8% 150.7%
1998 10.3% 75.9% 25.2% 208.6%
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/myanmar | CC BY

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 59.3% in Myanmar, ranking 111/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Myanmar
1x
Year Deficit/surplus, % of GDP
Guinea Myanmar
2024 -4.99% -5.06%
2023 -3.86% -5.18%
2022 -1.88% -2.82%
2021 -1.7% -2.47%
2020 -3.08% -6.5%
2019 -0.17% -4.7%
2018 -0.97% -2.77%
2017 -1.98% -3.42%
2016 -0.08% -2.53%
2015 -6.53% -4.33%
2014 -3.01% -1.06%
2013 -3.86% -1.53%
2012 23.7% -2.7%
2011 -0.92% -4.82%
2010 -9.66% -5.4%
2009 -4.87% -3.55%
2008 0.38% -2.73%
2007 1.28% -3.52%
2006 -2.13% -3.42%
2005 -1.06% -3.49%
2004 -3.85% -4.62%
2003 -4.65% -4.24%
2002 -3.37% -4.01%
2001 -3.23% -6.34%
2000 -2.42% -6.03%
1999 -1.3% -4.46%
1998 2.46% -4.89%
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Guinea recorded a fiscal deficit in 23 of those years, while Myanmar ran a deficit in 27 years. On average, Guinea posted an annual deficit equal to 1.55% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Guinea

Myanmar
1x
Year Consumer prices inflation
Guinea Myanmar
2024 4.7% -
2023 5.4% -
2022 10.5% -
2021 12.6% -
2020 10.6% -
2019 9.5% 8.83%
2018 9.8% 6.87%
2017 8.9% 4.57%
2016 8.2% 6.93%
2015 8.2% 9.45%
2014 9.7% 4.95%
2013 11.9% 5.64%
2012 15.2% 1.47%
2011 21.4% 5.02%
2010 15.5% 7.72%
2009 4.7% 1.47%
2008 18.4% 26.8%
2007 22.9% 35%
2006 34.7% 20%
2005 31.4% 9.37%
2004 17.5% 4.53%
2003 11% 36.6%
2002 3% 57.1%
2001 5.4% 21.1%
2000 6.8% -0.11%
1999 4.6% 18.4%
1998 5.1% 51.5%
1997 1.9% 29.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Guinea has recorded an average annual inflation rate of 12.4%, compared with 16.2% in Myanmar. In 2019, inflation was 4.7% in Guinea and 8.83% in Myanmar.

Top exports between countries

Guinea
Export category Export value
Myanmar
Export category Export value
Raw agricultural goods $6.15M
Metals $941K
Chemicals & pharma $44K
Textiles & consumer goods $1K

Balance of trade

Guinea Myanmar
Current account balance
-$392M
2024
$67.7M
2019
Current account balance ranking
104/190
2024
71/190
2019
Current account balance, % of GDP
-1.57%
2024
+0.09%
2019
Goods imports
$7.08B
2024
$13.7B
2019
Goods exports
$11.6B
2024
$10.8B
2019
Service imports
$3.15B
2024
$3.66B
2019
Service exports
$71.2M
2024
$6.68B
2019
Imports of goods and services, % of GDP
56.4%
2024
n/a
Exports of goods and services, % of GDP
41.4%
2024
24.3%
2025

Economic freedom indices

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

Guinea Myanmar
Economic freedom 53.1 44.5
Economic freedom ranking 141/197 180/197
Property rights 21.3 5.7
Government integrity 26.7 18.1
Judicial effectiveness 26 3.9
Tax burden 70.1 88.6
Government spending 90.1 86.6
Fiscal health 74.8 62.7
Business freedom 44.8 37.9
Labor freedom 56.4 53.2
Monetary freedom 75.3 57.5
Trade freedom 61.8 69.4
Investment freedom 50 30
Financial freedom 40 20

Economic freedom comparison by year

Guinea
Myanmar
1x
Year Economic freedom index
Guinea Myanmar
2026 53.1 44.5
2025 54.6 43.7
2024 53.3 42.2
2023 53.2 46.5
2022 54.2 49.6
2021 56.5 55.2
2020 56.5 54
2019 55.7 53.6
2018 52.2 53.9
2017 47.6 52.5
2016 53.3 48.7
2015 52.1 46.9
2014 53.5 46.5
2013 51.2 39.2
2012 50.8 38.7
2011 51.7 37.8
2010 51.8 36.7
2009 51 37.7
2008 52.8 39.5
2007 54.5 41
2006 52.8 40
2005 57.4 40.5
2004 56.1 43.6
2003 54.6 44.9
2002 52.9 45.5
2001 58.4 46.1
2000 58.2 47.9
1999 59.4 46.4
1998 61 45.7
1997 52.9 45.4
1996 58.5 45.1
1995 59.4 -

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Myanmar
Services, % of GDP
36.3%
2024
41.4%
2024
Industry, % of GDP
25.1%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
20.8%
2024
GNI, Atlas method
$21.3B
2024
$65.9B
2024
GNI per capita, PPP
$4,130
2024
$5,890
2024
Total reserves including gold
$1.89B
2023
$9.34B
2023
Total reserves ranking
128/177
2023
81/177
2023
Net foreign direct investment
-$1.4B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$1.4B
2024
$1.1B
2024
Net outflows of foreign direct investment
$30K
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
1.31%
2024
Poverty at national poverty lines
47%
2020
24.8%
2017
Gross capital formation, % of GDP
32.1%
2024
n/a

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/myanmar | 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 (2022–2023, 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.