Guinea vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Guinea ranked 142nd with $10.9B. By GDP 5-years average growth and GDP per capita, Norway and Guinea ranked 142nd vs 15th and 5th vs 175th, respectively.

Gross Domestic Product & Income

StatGuineaNorway
GDP$10.9B$434.2B
GDP growth, 1 year5.8%1.4%
GDP growth, 5-years average6.7%1.7%
Population12.7M5.4M
GDP per capita$879$82k
GDP per capita growth3.2%0.58%
Purchasing Power Parity conversion factor3160.7110.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.351.25
GDP per capita, PPP adjusted$2.3k$74k
GNI, Atlas method$10.6B$428.4B
GNI per capita$850$81k
GNI, PPP adjusted$30.6B$363B
GNI per capita, PPP adjusted$2.5k$68k

Financial system and Human development

StatGuineaNorway
Income Tax Rate40%47.8%
Corporate Tax Rate35%22%
Inflation, consumer prices9.7%2.8%
Inflation, GDP deflator-1.3%5.8%
Unemployment3.6%3.9%
Economic Freedom Index56.573.4
Personal Freedom Index5.959.55
Human Freedom Index5.688.61
Property Rights Index38.784.3
Judical Effectiveness Index33.382.8
Business Freedom Index55.486.1
Fiscal Health Index93.897.3
Labor Freedom Index5857.4
Investment Freedom Index5075
Financial Freedom Index4060
Trade Freedom Index60.483.8
Monetary Freedom Index70.674.8
Government Spending Index91.425.6
Tax Burden Index7057.7
Government Integrity Index16.195.6
Corruption Perceptions Index2884
Life expectancy at birth, years60.782.5
Suicide mortality rate, per 100,000 people6.312.2
Mortality caused by road traffic injury, per 100,000 people28.22.7
Intentional homicides, per 100,000 people8.80.5
International tourism, number of arrivals99k5.7M

Government debt & reserves

StatGuineaNorway
Central government debt, % of GDP38.7%36.8%
External debt stocks, % of GNI24.6%N/A
External debt stocks$2.6BN/A
Short-term debt, % of total reserves12.4%N/A
Total debt service, % of exports and primary income2.2%N/A
Adjusted net savings including particulate emission damage, % of GNI-6.5%16.9%
Gross savings, % of GDP3.1%35.9%
Gross capital formation, % of GDP18.9%27.3%
Total reserves including gold$1.2B$63.1B
Foreign direct investment net inflows$352.8M-$17.4B

Exports, imports and economic structure

StatGuineaNorway
Exports of goods and services, % of GDP37.6%38.4%
Imports of goods and services, % of GDP53%32.6%
Current account balance (balance of payments)-$190.5M$31.4B
Revenue excluding grants, % of GDP12.1%47.4%
Grants excluding technical cooperation, BoP$367.3MN/A
Personal remittances received$28.4M$644.3M
Industry including construction value added, % of GDP24.8%32%
Agriculture, forestry and fishing value added, % of GDP24.3%1.9%
Charges for the use of intellectual property, payments BoP$620k$768.9M
Charges for the use of intellectual property, receipts BoP-$1.5M$515.2M
Expense, % of GDP9.4%37.7%
Government Expenditure, % of GDP16.9%49.8%

Compare with countries close by GDP per capita

Guinea vs

CountryGDP
per capita
Population
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k