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Economy of Guinea vs Niger compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $21.6B for Niger, ranking 117/197 and 129/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $9.82B (45.4% of GDP) in Niger.

Guinea vs Niger GDP by year

Guinea
Niger
1x
Year GDP, current $
Guinea Niger
2025 $28,346,024,753 $21,646,191,388
2024 $25,008,678,293 $19,729,786,047
2023 $22,407,615,556 $16,949,765,464
2022 $19,910,452,542 $15,531,799,641
2021 $17,069,115,738 $14,936,154,253
2020 $14,088,693,743 $13,648,332,190
2019 $13,442,861,496 $12,420,836,507
2018 $11,857,030,367 $12,800,907,986
2017 $10,324,668,271 $11,359,273,443
2016 $8,595,955,222 $10,341,025,540
2015 $8,794,201,743 $9,683,867,926
2014 $8,778,473,373 $10,862,943,544
2013 $8,376,613,539 $10,224,897,438
2012 $7,638,044,557 $9,426,912,648
2011 $6,785,137,203 $8,772,950,778
2010 $6,853,467,146 $7,851,192,502
2009 $6,716,905,340 $7,352,131,310
2008 $6,964,179,983 $7,297,600,226
2007 $6,281,918,226 $5,731,485,052
2006 $4,220,019,845 $4,756,361,252
2005 $4,282,468,637 $4,383,315,965
2004 $5,300,767,961 $3,760,443,738
2003 $5,025,167,975 $3,394,084,732
2002 $4,301,608,753 $2,782,192,879
2001 $4,125,527,603 $2,448,714,704
2000 $4,367,458,867 $2,241,753,193
1999 $5,046,806,783 $2,537,789,821
1998 $5,232,118,046 $2,643,363,519
1997 $5,516,916,163 $2,290,318,910
1996 $5,641,243,100 $2,405,686,940
1995 $5,385,704,166 $2,302,537,562
1994 $4,932,800,407 $1,938,058,175
1993 $4,781,166,117 $3,052,673,849
1992 $4,789,220,417 $3,386,232,579
1991 $4,396,178,694 $3,285,796,875
1990 $3,888,320,666 $3,512,356,508
1989 $3,546,079,263 $2,179,567,114
1988 $3,476,480,303 $2,280,356,193
1987 $2,976,714,019 $2,233,006,105
1986 $2,909,130,355 $1,904,096,998
1985 $22,787,644,566 $1,440,581,652
1984 $18,421,497,251 $1,461,243,326
1983 $15,129,893,722 $1,803,099,561
1982 $11,926,032,493 $2,017,612,216
1981 $9,646,440,667 $2,170,893,414
1980 $9,746,524,915 $2,508,524,721
1979 $8,877,094,497 $2,109,277,666
1978 $8,087,305,999 $1,774,365,590
1977 $6,914,381,291 $1,291,458,041
1976 $6,762,781,871 $1,064,517,601
1975 $6,102,769,605 $1,048,690,933
1974 $5,691,417,541 $1,026,137,111
1973 $5,152,080,388 $946,385,105
1972 $4,203,069,035 $742,779,661
1971 $3,594,302,908 $693,573,704
1970 $3,220,224,608 $649,916,621
1969 - $625,867,985
1968 - $641,214,226
1967 - $665,586,872
1966 - $702,296,079
1965 - $673,383,511
1964 - $582,816,396
1963 - $586,294,879
1962 - $531,736,599
1961 - $485,785,231
1960 - $449,526,873

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Niger by year

Guinea
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $775 -
2024 $1,695 $4,565 $730 $2,050
2023 $1,555 $4,334 $648 $1,875
2022 $1,417 $4,062 $614 $1,840
2021 $1,245 $3,739 $610 $1,586
2020 $1,054 $3,332 $575 $1,497
2019 $1,031 $3,106 $541 $1,419
2018 $933 $2,844 $577 $1,276
2017 $834 $2,687 $530 $1,208
2016 $712 $2,255 $500 $1,189
2015 $747 $1,930 $486 $1,172
2014 $765 $1,873 $565 $1,161
2013 $748 $1,842 $552 $1,138
2012 $699 $1,790 $529 $1,162
2011 $637 $1,705 $511 $1,064
2010 $659 $1,622 $474 $1,058
2009 $662 $1,567 $461 $999
2008 $704 $1,614 $475 $1,010
2007 $650 $1,558 $387 $955
2006 $447 $1,453 $333 $935
2005 $463 $1,422 $319 $888
2004 $585 $1,366 $283.5 $832
2003 $566 $1,328 $265.2 $837
2002 $496 $1,315 $225.3 $832
2001 $483 $1,251 $205.4 $809
2000 $518 $1,196 $194.8 $764
1999 $611 $1,163 $228.3 $783
1998 $647 $1,130 $246.1 $801
1997 $696 $1,099 $220.6 $745
1996 $726 $1,048 $239.5 $746
1995 $713 $1,014 $237 $757
1994 $672 $976 $206.2 $748
1993 $671 $947 $335 $742
1992 $693 $908 $384 $746
1991 $656 $887 $384 $738
1990 $604 $871 $424 $739
1989 $570 - $271.3 -
1988 $574 - $292.6 -
1987 $505 - $295.3 -
1986 $506 - $259.6 -
1985 $4,062 - $202.4 -
1984 $3,362 - $211.5 -
1983 $2,823 - $268.8 -
1982 $2,273 - $310 -
1981 $1,876 - $343 -
1980 $1,931 - $409 -
1979 $1,790 - $354 -
1978 $1,658 - $307 -
1977 $1,440 - $229.8 -
1976 $1,431 - $194.8 -
1975 $1,311 - $197.2 -
1974 $1,243 - $198.3 -
1973 $1,143 - $187.9 -
1972 $948 - $151.4 -
1971 $825 - $145.2 -
1970 $753 - $139.8 -
1969 - - $138.3 -
1968 - - $145.6 -
1967 - - $155.4 -
1966 - - $168.6 -
1965 - - $166.3 -
1964 - - $148.1 -
1963 - - $153.3 -
1962 - - $143.2 -
1961 - - $134.6 -
1960 - - $128.3 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $775 in Niger, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Niger ranks 186th at $2,050.

Economic indicators

Guinea Niger
Gross domestic product
$28.3B
2025
$21.6B
2025
GDP rank
117/197
2025
129/197
2025
GDP growth
7.45%
2024-2025
7.01%
2024-2025
GDP per capita
$1,877
2025
$775
2025
GDP per capita rank
161/197
2025
188/197
2025
GDP per capita, PPP
$4,565
2024
$2,050
2024
GDP per capita PPP rank
161/197
2024
186/197
2024
Government debt
$13.6B
2025
$9.82B
2025
Debt-to-GDP ratio
48.1%
2025
45.4%
2025
Government debt per person
$902
2025
$352
2025
Government debt per person rank
146/185
2025
175/185
2025
Average annual personal income after taxes
$1,966
2026
$1,418
2026
Income share by richest 10%
23.1%
2018
27.8%
2021
Income share by poorest 10%
3.5%
2018
3.8%
2021
Government expenditure, % of GDP
25.2%
2025
14.8%
2025
Consumer prices inflation
3.1%
2024-2025
-4.45%
2024-2025
Unemployment rate
5.02%
2019
0.4%
2022
Population
15624314
29294628

Spending and national debt comparison by year

Guinea
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Guinea Niger
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 14.8% 45.4%
2024 20.6% 48.3% 13.4% 47.7%
2023 18.3% 39.8% 15.8% 51.8%
2022 15.7% 37.2% 21.6% 50.7%
2021 15.1% 40.6% 24.3% 51.3%
2020 17.1% 45.3% 22.4% 45%
2019 14.9% 37.3% 21.6% 39.8%
2018 15.9% 37.5% 21.2% 37%
2017 17.3% 39.9% 19.5% 36.5%
2016 16.1% 40.6% 19.4% 32.8%
2015 21.7% 41.5% 24.2% 29.9%
2014 20.1% 32.1% 23.6% 22.1%
2013 18.6% 30.5% 20.4% 19.6%
2012 19.6% 26.9% 16.6% 18.1%
2011 16% 53.8% 15.3% 14.7%
2010 20.5% 71.1% 14.3% 15.1%
2009 16.2% 61.3% 17.7% 15.9%
2008 10.1% 58.5% 16.9% 14.2%
2007 8.66% 60.8% 17.4% 17.8%
2006 13.2% 95.2% 15.2% 18.3%
2005 11% 97.9% 15.6% 49.5%
2004 13% 86.9% 16.1% 55%
2003 14.7% 81.6% 14% 60.6%
2002 14.4% 82.6% 14.4% 69%
2001 14.9% 90.4% 13.7% 74%
2000 12.6% 91.5% 13.5% 82.1%
1999 11.6% 92.3% 15% 63.3%
1998 10.3% 75.9% 13.6% 61.3%
1997 12.6% 67.9% 12.9% 69.1%
1996 12% 67.7% 10.9% 63.5%
1995 12.7% 66.5% 12.5% 69.4%
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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Niger spent $3.2B, or 14.8% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 45.4% in Niger, ranking 111/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Niger
1x
Year Deficit/surplus, % of GDP
Guinea Niger
2025 -7% -3.28%
2024 -4.99% -4.27%
2023 -3.86% -5.37%
2022 -1.88% -6.77%
2021 -1.7% -6.1%
2020 -3.08% -4.82%
2019 -0.17% -3.56%
2018 -0.97% -3.01%
2017 -1.98% -4.12%
2016 -0.08% -4.46%
2015 -6.53% -6.75%
2014 -3.01% -6.12%
2013 -3.86% -1.93%
2012 23.7% -0.83%
2011 -0.92% -2.19%
2010 -9.66% -0.99%
2009 -4.87% -3.93%
2008 0.38% 1.11%
2007 1.28% -0.75%
2006 -2.13% 31%
2005 -1.06% -1.53%
2004 -3.85% -2.76%
2003 -4.65% -2.17%
2002 -3.37% -2.21%
2001 -3.23% -2.59%
2000 -2.42% -2.83%
1999 -1.3% -4.27%
1998 2.46% -2.23%
1997 0.07% -2.39%
1996 -2.2% -0.36%
1995 -1.07% -3.19%
1994 -2.59% -
1993 -2.33% -
1992 -0.89% -
1991 -3.25% -
1990 -3.76% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Guinea's government deficit, the difference between spending and revenue, was $1.98B, equivalent to 7% of GDP. This compares to Niger's deficit of $711M, or 3.28% of GDP.

Over the past 31 years, Guinea recorded a fiscal deficit in 26 of those years, while Niger ran a deficit in 29 years. On average, Guinea posted an annual deficit equal to 1.68% of GDP, compared to deficit of 2.05% of GDP for Niger.

Inflation comparison by year

Inflation
Guinea

Niger
1x
Year Consumer prices inflation
Guinea Niger
2025 3.1% -4.45%
2024 4.5% 9.07%
2023 5.4% 3.7%
2022 10.5% 4.23%
2021 12.6% 3.84%
2020 10.6% 2.9%
2019 9.5% -2.49%
2018 9.8% 2.97%
2017 8.9% 2.8%
2016 8.2% 1.65%
2015 8.2% -0.58%
2014 9.7% -0.93%
2013 11.9% 2.3%
2012 15.2% 0.46%
2011 21.4% 2.94%
2010 15.5% 0.8%
2009 4.7% 0.58%
2008 18.4% 11.3%
2007 22.9% 0.05%
2006 34.7% 0.04%
2005 31.4% 7.8%
2004 17.5% 0.26%
2003 11% -1.61%
2002 3% 2.63%
2001 5.4% 4.01%
2000 6.8% 2.9%
1999 4.6% -2.3%
1998 5.1% 4.55%
1997 1.9% 2.93%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 2.15% in Niger. In 2025, inflation was 3.1% in Guinea and -4.45% in Niger.

Top exports between countries

Guinea
Export category Export value
Chemicals & pharma $382K
Miscellaneous $34K
Textiles & consumer goods $16K
Machinery & equipment $1K
Niger
Export category Export value
Raw materials & minerals $356K
Machinery & equipment $217K
Raw agricultural goods $12K
Textiles & consumer goods $1K

Balance of trade

Guinea Niger
Current account balance
-$392M
2024
-$1.2B
2024
Current account balance ranking
101/190
2024
123/190
2024
Current account balance, % of GDP
-1.57%
2024
-6.09%
2024
Goods imports
$7.08B
2024
$2B
2024
Goods exports
$11.6B
2024
$1.52B
2024
Service imports
$3.15B
2024
$1.03B
2024
Service exports
$71.2M
2024
$248M
2024
Imports of goods and services, % of GDP
62.3%
2025
18.1%
2025
Exports of goods and services, % of GDP
41.4%
2025
15.8%
2025

Economic freedom indices

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

Guinea Niger
Economic freedom 53.1 51
Economic freedom ranking 141/197 156/197
Property rights 21.3 16.6
Government integrity 26.7 33.9
Judicial effectiveness 26 28
Tax burden 70.1 78.2
Government spending 90.1 91.4
Fiscal health 74.8 47.6
Business freedom 44.8 32.4
Labor freedom 56.4 54.7
Monetary freedom 75.3 67.9
Trade freedom 61.8 65.8
Investment freedom 50 55
Financial freedom 40 40

Economic freedom comparison by year

Guinea
Niger
1x
Year Economic freedom index
Guinea Niger
2026 53.1 51
2025 54.6 51.5
2024 53.3 52.3
2023 53.2 53.7
2022 54.2 54.9
2021 56.5 57.3
2020 56.5 54.7
2019 55.7 51.6
2018 52.2 49.5
2017 47.6 50.8
2016 53.3 54.3
2015 52.1 54.6
2014 53.5 55.1
2013 51.2 53.9
2012 50.8 54.3
2011 51.7 54.3
2010 51.8 52.9
2009 51 53.8
2008 52.8 52.9
2007 54.5 53.2
2006 52.8 52.5
2005 57.4 54.1
2004 56.1 54.6
2003 54.6 54.2
2002 52.9 48.2
2001 58.4 48.9
2000 58.2 45.9
1999 59.4 48.6
1998 61 47.5
1997 52.9 46.6
1996 58.5 45.8
1995 59.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Niger
Services, % of GDP
35.7%
2025
31.1%
2025
Industry, % of GDP
25.4%
2025
18.7%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
47.6%
2025
GNI, Atlas method
$26.2B
2025
$20.9B
2025
GNI per capita, PPP
$4,730
2025
$2,150
2025
Total reserves including gold
$1.35B
2024
n/a
Total reserves ranking
137/177
2024
n/a
Net foreign direct investment
-$1.4B
2024
-$337M
2024
Net inflows of foreign direct investment
$1.4B
2024
$358M
2024
Net outflows of foreign direct investment
$30K
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
1.96%
2024
Poverty at national poverty lines
47%
2020
41.2%
2021
Gross capital formation, % of GDP
37%
2025
22%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2016–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.