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Economy of Guinea vs Nepal compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $42.9B for Nepal, ranking 118/197 and 101/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Guinea vs Nepal GDP by year

Guinea
Nepal
1x
Year GDP, current $
Guinea Nepal
2024 $25,008,678,293 $42,914,268,287
2023 $22,407,615,556 $41,047,772,331
2022 $19,910,452,542 $41,182,939,601
2021 $17,069,115,738 $36,924,841,394
2020 $14,088,693,743 $33,433,659,301
2019 $13,442,861,496 $34,186,180,699
2018 $11,857,030,367 $33,111,525,237
2017 $10,324,668,271 $28,971,588,940
2016 $8,595,955,222 $24,524,109,484
2015 $8,794,201,743 $24,360,801,287
2014 $8,778,473,373 $22,731,612,922
2013 $8,376,613,539 $22,162,204,925
2012 $7,638,044,557 $21,703,100,877
2011 $6,785,137,203 $21,573,872,421
2010 $6,853,467,146 $16,002,656,434
2009 $6,716,905,340 $12,854,985,464
2008 $6,964,179,983 $12,545,438,605
2007 $6,281,918,226 $10,325,618,017
2006 $4,220,019,845 $9,043,715,356
2005 $4,282,468,637 $8,130,258,378
2004 $5,300,767,961 $7,273,938,315
2003 $5,025,167,975 $6,330,473,097
2002 $4,301,608,753 $6,050,875,807
2001 $4,125,527,603 $6,007,055,042
2000 $4,367,458,867 $5,494,252,208
1999 $5,046,806,783 $5,033,642,384
1998 $5,232,118,046 $4,856,255,044
1997 $5,516,916,163 $4,918,691,917
1996 $5,641,243,100 $4,521,580,381
1995 $5,385,704,166 $4,401,104,418
1994 $4,932,800,407 $4,066,775,510
1993 $4,781,166,117 $3,660,041,667
1992 $4,789,220,417 $3,401,211,581
1991 $4,396,178,694 $3,921,476,085
1990 $3,888,320,666 $3,627,560,239
1989 $3,546,079,263 $3,525,225,787
1988 $3,476,480,303 $3,487,009,748
1987 $2,976,714,019 $2,957,255,380
1986 $2,909,130,355 $2,850,782,044
1985 $22,787,644,566 $2,619,913,956
1984 $18,421,497,251 $2,581,207,388
1983 $15,129,893,722 $2,447,174,803
1982 $11,926,032,493 $2,395,423,742
1981 $9,646,440,667 $2,275,583,317
1980 $9,746,524,915 $1,945,916,583
1979 $8,877,094,497 $1,851,250,008
1978 $8,087,305,999 $1,604,162,497
1977 $6,914,381,291 $1,382,400,000
1976 $6,762,781,871 $1,452,788,985
1975 $6,102,769,605 $1,575,789,254
1974 $5,691,417,541 $1,217,953,547
1973 $5,152,080,388 $972,101,725
1972 $4,203,069,035 $1,024,098,400
1971 $3,594,302,908 $882,765,472
1970 $3,220,224,608 $865,975,309
1969 - $788,641,965
1968 - $772,231,387
1967 - $841,974,025
1966 - $906,811,944
1965 - $735,267,082
1964 - $496,098,775
1963 - $496,947,904
1962 - $574,091,101
1961 - $531,959,562
1960 - $508,334,414

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

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

GDP per capita in Guinea vs Nepal by year

Guinea
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $1,447 $5,737
2023 $1,555 $4,334 $1,382 $5,395
2022 $1,417 $4,062 $1,386 $5,103
2021 $1,245 $3,739 $1,253 $4,546
2020 $1,054 $3,332 $1,154 $4,236
2019 $1,031 $3,106 $1,203 $4,261
2018 $933 $2,844 $1,179 $3,956
2017 $834 $2,687 $1,034 $3,605
2016 $712 $2,255 $877 $2,976
2015 $747 $1,930 $876 $2,957
2014 $765 $1,873 $821 $2,901
2013 $748 $1,842 $803 $2,658
2012 $699 $1,790 $788 $2,466
2011 $637 $1,705 $786 $2,248
2010 $659 $1,622 $585 $2,139
2009 $662 $1,567 $473 $2,029
2008 $704 $1,614 $465 $1,942
2007 $650 $1,558 $385 $1,809
2006 $447 $1,453 $340 $1,718
2005 $463 $1,422 $309 $1,628
2004 $585 $1,366 $279.6 $1,542
2003 $566 $1,328 $246.4 $1,453
2002 $496 $1,315 $238.9 $1,390
2001 $483 $1,251 $240.8 $1,388
2000 $518 $1,196 $223.8 $1,317
1999 $611 $1,163 $208.6 $1,234
1998 $647 $1,130 $205.1 $1,187
1997 $696 $1,099 $211.8 $1,162
1996 $726 $1,048 $198.8 $1,110
1995 $713 $1,014 $197.8 $1,058
1994 $672 $976 $187.3 $1,026
1993 $671 $947 $172.8 $952
1992 $693 $908 $165 $920
1991 $656 $887 $195.7 $889
1990 $604 $871 $185.8 $830
1989 $570 - $185 -
1988 $574 - $187.1 -
1987 $505 - $162 -
1986 $506 - $159.5 -
1985 $4,062 - $149.9 -
1984 $3,362 - $151.1 -
1983 $2,823 - $146.6 -
1982 $2,273 - $147 -
1981 $1,876 - $142.9 -
1980 $1,931 - $125.1 -
1979 $1,790 - $121.9 -
1978 $1,658 - $108.1 -
1977 $1,440 - $95.3 -
1976 $1,431 - $102.5 -
1975 $1,311 - $113.6 -
1974 $1,243 - $89.8 -
1973 $1,143 - $73.2 -
1972 $948 - $78.8 -
1971 $825 - $69.5 -
1970 $753 - $69.6 -
1969 - - $64.8 -
1968 - - $64.9 -
1967 - - $72.3 -
1966 - - $79.5 -
1965 - - $65.8 -
1964 - - $45.3 -
1963 - - $46.3 -
1962 - - $54.6 -
1961 - - $51.6 -
1960 - - $50.2 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Nepal ranks 155th at $5,737.

Economic indicators

Guinea Nepal
Gross domestic product
$25B
2024
$42.9B
2024
GDP rank
118/197
2024
101/197
2024
GDP growth
5.35%
2023-2024
3.67%
2023-2024
GDP per capita
$1,695
2024
$1,447
2024
GDP per capita rank
160/197
2024
164/197
2024
GDP per capita, PPP
$4,565
2024
$5,737
2024
GDP per capita PPP rank
161/197
2024
155/197
2024
Government debt
$12.2B
2024
$20.7B
2024
Debt-to-GDP ratio
48.8%
2024
48.3%
2024
Government debt per person
$828
2024
$700
2024
Government debt per person rank
147/185
2024
154/185
2024
Average annual personal income after taxes
$20,020
2026
$2,170
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
23.1%
2018
24.2%
2022
Income share by poorest 10%
3.5%
2018
3.7%
2022
Government expenditure, % of GDP
20.6%
2024
22.1%
2024
Consumer prices inflation
4.7%
2023-2024
4.69%
2023-2024
Unemployment rate
5.02%
2019
10.7%
2017
Population
15546235
29596762

Spending and national debt comparison by year

Guinea
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Guinea Nepal
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 22.1% 48.3%
2023 18.3% 40.4% 25.1% 47%
2022 15.7% 37.9% 26.1% 42.7%
2021 15.1% 40.6% 27.2% 43.3%
2020 17.1% 45.3% 28.5% 43.3%
2019 14.9% 37.3% 27.1% 34%
2018 15.9% 37.5% 28% 31.1%
2017 17.3% 39.9% 23.6% 25%
2016 16.1% 40.6% 19% 25%
2015 21.7% 41.5% 17.7% 25.7%
2014 20.1% 32.1% 16.6% 27.6%
2013 18.6% 30.5% 15.5% 31.9%
2012 19.6% 26.9% 16.8% 34.5%
2011 16% 53.8% 16.3% 32.4%
2010 20.5% 71.1% 16.5% 35.4%
2009 16.2% 61.3% 17% 39.5%
2008 10.1% 58.5% 13.4% 36.8%
2007 8.66% 60.8% 13.1% 37.9%
2006 13.2% 95.2% 11.2% 42.9%
2005 11% 97.9% 12% 45.1%
2004 13% 86.9% 11.8% 51.3%
2003 14.7% 81.6% 12% 53%
2002 14.4% 82.6% 13% 51.8%
2001 14.9% 90.4% 12.9% 50.8%
2000 12.6% 91.5% 11.4% 50.8%
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/nepal | CC BY

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 48.3% in Nepal, ranking 111/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Nepal
1x
Year Deficit/surplus, % of GDP
Guinea Nepal
2024 -4.99% -2.76%
2023 -3.86% -5.81%
2022 -1.88% -3.12%
2021 -1.7% -3.98%
2020 -3.08% -7.47%
2019 -0.17% -4.27%
2018 -0.97% -5.83%
2017 -1.98% -2.69%
2016 -0.08% 1.2%
2015 -6.53% 0.46%
2014 -3.01% 1.36%
2013 -3.86% 1.57%
2012 23.7% -1.18%
2011 -0.92% -0.72%
2010 -9.66% -0.67%
2009 -4.87% -2.24%
2008 0.38% -0.29%
2007 1.28% -0.67%
2006 -2.13% 0.24%
2005 -1.06% 0.24%
2004 -3.85% -0.14%
2003 -4.65% -0.34%
2002 -3.37% -2.46%
2001 -3.23% -2.35%
2000 -2.42% -1.48%
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/nepal | 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 Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Guinea recorded a fiscal deficit in 22 of those years, while Nepal ran a deficit in 19 years. On average, Guinea posted an annual deficit equal to 1.72% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Guinea

Nepal
1x
Year Consumer prices inflation
Guinea Nepal
2024 4.7% 4.69%
2023 5.4% 7.12%
2022 10.5% 7.67%
2021 12.6% 4.13%
2020 10.6% 5.06%
2019 9.5% 5.57%
2018 9.8% 4.41%
2017 8.9% 2.78%
2016 8.2% 8.79%
2015 8.2% 7.87%
2014 9.7% 8.36%
2013 11.9% 9.04%
2012 15.2% 9.46%
2011 21.4% 9.23%
2010 15.5% 9.33%
2009 4.7% 11.1%
2008 18.4% 9.91%
2007 22.9% 2.27%
2006 34.7% 6.92%
2005 31.4% 6.84%
2004 17.5% 2.84%
2003 11% 5.71%
2002 3% 3.03%
2001 5.4% 2.69%
2000 6.8% 2.48%
1999 4.6% 7.45%
1998 5.1% 11.2%
1997 1.9% 4.01%

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/nepal | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 6.43% in Nepal. In 2024, inflation was 4.7% in Guinea and 4.69% in Nepal.

Top exports between countries

Guinea
Export category Export value
Nepal
Export category Export value
Chemicals & pharma $194K

Balance of trade

Guinea Nepal
Current account balance
-$392M
2024
$1.68B
2024
Current account balance ranking
104/190
2024
50/190
2024
Current account balance, % of GDP
-1.57%
2024
+3.91%
2024
Goods imports
$7.08B
2024
$12.1B
2024
Goods exports
$11.6B
2024
$1.54B
2024
Service imports
$3.15B
2024
$2.27B
2024
Service exports
$71.2M
2024
$1.9B
2024
Imports of goods and services, % of GDP
56.4%
2024
32.9%
2024
Exports of goods and services, % of GDP
41.4%
2024
7.62%
2024

Economic freedom indices

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

Guinea Nepal
Economic freedom 53.1 52.9
Economic freedom ranking 141/197 144/197
Property rights 21.3 38.8
Government integrity 26.7 38.9
Judicial effectiveness 26 42.9
Tax burden 70.1 84.3
Government spending 90.1 82.1
Fiscal health 74.8 71
Business freedom 44.8 60.8
Labor freedom 56.4 48.2
Monetary freedom 75.3 69.4
Trade freedom 61.8 58.6
Investment freedom 50 10
Financial freedom 40 30

Economic freedom comparison by year

Guinea
Nepal
1x
Year Economic freedom index
Guinea Nepal
2026 53.1 52.9
2025 54.6 52.5
2024 53.3 52.1
2023 53.2 51.4
2022 54.2 49.7
2021 56.5 50.7
2020 56.5 54.2
2019 55.7 53.8
2018 52.2 54.1
2017 47.6 55.1
2016 53.3 50.9
2015 52.1 51.3
2014 53.5 50.1
2013 51.2 50.4
2012 50.8 50.2
2011 51.7 50.1
2010 51.8 52.7
2009 51 53.2
2008 52.8 54.1
2007 54.5 54.4
2006 52.8 53.7
2005 57.4 51.4
2004 56.1 51.2
2003 54.6 51.5
2002 52.9 52.3
2001 58.4 51.6
2000 58.2 51.3
1999 59.4 53.1
1998 61 53.5
1997 52.9 53.6
1996 58.5 50.3
1995 59.4 -

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Nepal
Services, % of GDP
36.3%
2024
55.2%
2024
Industry, % of GDP
25.1%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
21.9%
2024
GNI, Atlas method
$21.3B
2024
$43.7B
2024
GNI per capita, PPP
$4,130
2024
$5,830
2024
Total reserves including gold
$1.89B
2023
$12.5B
2023
Total reserves ranking
128/177
2023
74/177
2023
Net foreign direct investment
-$1.4B
2024
-$56.9M
2024
Net inflows of foreign direct investment
$1.4B
2024
$56.9M
2024
Net outflows of foreign direct investment
$30K
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
1.23%
2024
Poverty at national poverty lines
47%
2020
20.3%
2022
Gross capital formation, % of GDP
32.1%
2024
30.4%
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/nepal | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. TradeMap (2022, retrieved 2026-02-08)

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.