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Economy of Guinea vs Oman compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $110B for Oman, ranking 117/197 and 70/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Guinea vs Oman GDP by year

Guinea
Oman
1x
Year GDP, current $
Guinea Oman
2025 $28,346,024,753 $109,604,780,696
2024 $25,008,678,293 $107,137,198,700
2023 $22,407,615,556 $106,174,707,932
2022 $19,910,452,542 $109,852,795,839
2021 $17,069,115,738 $87,323,797,139
2020 $14,088,693,743 $75,909,492,848
2019 $13,442,861,496 $88,060,858,257
2018 $11,857,030,367 $91,505,851,756
2017 $10,324,668,271 $80,856,697,009
2016 $8,595,955,222 $75,128,738,622
2015 $8,794,201,743 $78,710,793,238
2014 $8,778,473,373 $92,699,089,727
2013 $8,376,613,539 $89,936,020,806
2012 $7,638,044,557 $87,408,842,653
2011 $6,785,137,203 $77,497,529,259
2010 $6,853,467,146 $64,993,498,049
2009 $6,716,905,340 $55,454,096,229
2008 $6,964,179,983 $69,804,681,404
2007 $6,281,918,226 $48,300,390,117
2006 $4,220,019,845 $42,577,633,290
2005 $4,282,468,637 $35,506,892,068
2004 $5,300,767,961 $28,378,933,680
2003 $5,025,167,975 $24,733,680,104
2002 $4,301,608,753 $23,065,539,662
2001 $4,125,527,603 $22,205,721,717
2000 $4,367,458,867 $22,259,557,867
1999 $5,046,806,783 $17,832,769,831
1998 $5,232,118,046 $16,044,213,264
1997 $5,516,916,163 $18,039,791,938
1996 $5,641,243,100 $17,402,080,624
1995 $5,385,704,166 $15,722,236,671
1994 $4,932,800,407 $14,715,214,564
1993 $4,781,166,117 $14,230,429,129
1992 $4,789,220,417 $14,183,615,085
1991 $4,396,178,694 $12,918,335,501
1990 $3,888,320,666 $13,310,273,082
1989 $3,546,079,263 $9,372,171,651
1988 $3,476,480,303 $8,386,215,865
1987 $2,976,714,019 $7,811,183,095
1986 $2,909,130,355 $7,324,167,369
1985 $22,787,644,566 $10,005,645,420
1984 $18,421,497,251 $8,821,443,151
1983 $15,129,893,722 $7,932,541,691
1982 $11,926,032,493 $7,554,719,456
1981 $9,646,440,667 $7,259,120,151
1980 $9,746,524,915 $5,981,760,278
1979 $8,877,094,497 $3,733,352,635
1978 $8,087,305,999 $2,740,301,390
1977 $6,914,381,291 $2,741,169,948
1976 $6,762,781,871 $2,560,220,035
1975 $6,102,769,605 $2,096,699,189
1974 $5,691,417,541 $1,645,917,776
1973 $5,152,080,388 $483,066,991
1972 $4,203,069,035 $366,883,548
1971 $3,594,302,908 $301,010,587
1970 $3,220,224,608 $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Guinea vs Oman by year

Guinea
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $19,947 -
2024 $1,695 $4,565 $20,285 $41,740
2023 $1,555 $4,334 $21,028 $41,945
2022 $1,417 $4,062 $23,224 $42,616
2021 $1,245 $3,739 $19,403 $38,719
2020 $1,054 $3,332 $16,785 $35,163
2019 $1,031 $3,106 $19,180 $37,251
2018 $933 $2,844 $19,902 $37,780
2017 $834 $2,687 $17,820 $33,619
2016 $712 $2,255 $17,110 $33,334
2015 $747 $1,930 $18,808 $36,058
2014 $765 $1,873 $23,161 $44,236
2013 $748 $1,842 $23,458 $47,013
2012 $699 $1,790 $24,642 $49,989
2011 $637 $1,705 $25,188 $52,393
2010 $659 $1,622 $23,570 $55,667
2009 $662 $1,567 $20,656 $55,127
2008 $704 $1,614 $26,577 $52,841
2007 $650 $1,558 $18,793 $48,627
2006 $447 $1,453 $16,931 $46,091
2005 $463 $1,422 $14,435 $43,673
2004 $585 $1,366 $11,801 $42,142
2003 $566 $1,328 $10,464 $40,935
2002 $496 $1,315 $9,869 $41,511
2001 $483 $1,251 $9,612 $41,679
2000 $518 $1,196 $9,754 $39,443
1999 $611 $1,163 $7,915 $36,792
1998 $647 $1,130 $7,219 $36,666
1997 $696 $1,099 $8,235 $36,809
1996 $726 $1,048 $8,068 $34,661
1995 $713 $1,014 $7,414 $33,598
1994 $672 $976 $7,068 $31,925
1993 $671 $947 $7,039 $30,987
1992 $693 $908 $7,318 $29,773
1991 $656 $887 $6,977 $28,109
1990 $604 $871 $7,546 $26,904
1989 $570 - $5,591 -
1988 $574 - $5,279 -
1987 $505 - $5,204 -
1986 $506 - $5,182 -
1985 $4,062 - $7,549 -
1984 $3,362 - $7,070 -
1983 $2,823 - $6,714 -
1982 $2,273 - $6,759 -
1981 $1,876 - $6,866 -
1980 $1,931 - $5,974 -
1979 $1,790 - $3,934 -
1978 $1,658 - $3,044 -
1977 $1,440 - $3,205 -
1976 $1,431 - $3,143 -
1975 $1,311 - $2,692 -
1974 $1,243 - $2,203 -
1973 $1,143 - $670 -
1972 $948 - $524 -
1971 $825 - $442 -
1970 $753 - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Oman ranks 55th at $41,740.

Economic indicators

Guinea Oman
Gross domestic product
$28.3B
2025
$110B
2025
GDP rank
117/197
2025
70/197
2025
GDP growth
7.45%
2024-2025
2.4%
2024-2025
GDP per capita
$1,877
2025
$19,947
2025
GDP per capita rank
161/197
2025
60/197
2025
GDP per capita, PPP
$4,565
2024
$41,740
2024
GDP per capita PPP rank
161/197
2024
55/197
2024
Government debt
$13.6B
2025
$39.2B
2025
Debt-to-GDP ratio
48.1%
2025
35.8%
2025
Government debt per person
$902
2025
$7,132
2025
Government debt per person rank
146/185
2025
70/185
2025
Average annual personal income after taxes
$1,966
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires n/a
2
2026
Income share by richest 10%
23.1%
2018
n/a
Income share by poorest 10%
3.5%
2018
n/a
Government expenditure, % of GDP
25.2%
2025
28.9%
2025
Consumer prices inflation
3.1%
2024-2025
1%
2024-2025
Central bank interest rate n/a
4.5%
2025
Unemployment rate
5.02%
2019
3.3%
2024
Population
15624314
5775345

Spending and national debt comparison by year

Guinea
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Guinea Oman
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 28.9% 35.8%
2024 20.6% 48.3% 28.7% 35.5%
2023 18.3% 39.8% 27.5% 37.4%
2022 15.7% 37.2% 31.1% 41.7%
2021 15.1% 40.6% 36.5% 61.9%
2020 17.1% 45.3% 44.5% 67.9%
2019 14.9% 37.3% 38.8% 52.5%
2018 15.9% 37.5% 38.3% 44.7%
2017 17.3% 39.9% 39.4% 40.1%
2016 16.1% 40.6% 44.6% 29.3%
2015 21.7% 41.5% 44.5% 13.9%
2014 20.1% 32.1% 41.4% 4.04%
2013 18.6% 30.5% 39.3% 4.66%
2012 19.6% 26.9% 38.6% 4.59%
2011 16% 53.8% 34.5% 4.44%
2010 20.5% 71.1% 30.6% 5.46%
2009 16.2% 61.3% 33.4% 5.8%
2008 10.1% 58.5% 25.6% 3.2%
2007 8.66% 60.8% 30.7% 4.44%
2006 13.2% 95.2% 30.1% 7.56%
2005 11% 97.9% 30.6% 8.39%
2004 13% 86.9% 34.1% 14.5%
2003 14.7% 81.6% 34% 13%
2002 14.4% 82.6% 34.1% 15.9%
2001 14.9% 90.4% 33.3% 22.5%
2000 12.6% 91.5% 31.2% 21.7%
1999 11.6% 92.3% 34.2% 28.9%
1998 10.3% 75.9% 36.1% 30.9%
1997 12.6% 67.9% 32.1% 20.8%
1996 12% 67.7% 33.5% 21.2%
1995 12.7% 66.5% 38.2% 21.9%
1994 12.6% 71.3% 39.7% 23.6%
1993 13.3% 68.9% 40.1% 22.2%
1992 13.8% 62% 40.1% 23.1%
1991 16.3% 70.9% 37.4% 22.6%
1990 18.7% 71.6% 36.5% 17.8%

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

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 35.8% in Oman, ranking 111/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Oman
1x
Year Deficit/surplus, % of GDP
Guinea Oman
2025 -7% 1.04%
2024 -4.99% 3.22%
2023 -3.86% 6.72%
2022 -1.88% 10.3%
2021 -1.7% -3.17%
2020 -3.08% -15.7%
2019 -0.17% -4.83%
2018 -0.97% -6.72%
2017 -1.98% -10.5%
2016 -0.08% -19.6%
2015 -6.53% -13.5%
2014 -3.01% -1.58%
2013 -3.86% 2.78%
2012 23.7% 4.07%
2011 -0.92% 8.24%
2010 -9.66% 4.95%
2009 -4.87% -0.27%
2008 0.38% 14.7%
2007 1.28% 10.5%
2006 -2.13% 12.2%
2005 -1.06% 11.2%
2004 -3.85% 5.43%
2003 -4.65% 5.92%
2002 -3.37% 5.31%
2001 -3.23% 7.55%
2000 -2.42% 12.2%
1999 -1.3% 0.3%
1998 2.46% -4.37%
1997 0.07% 4.77%
1996 -2.2% 2.22%
1995 -1.07% -3.9%
1994 -2.59% -7.47%
1993 -2.33% -6.84%
1992 -0.89% -4.85%
1991 -3.25% 0.12%
1990 -3.76% 4.78%

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

GeoRank.org/economy/guinea/oman | 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 Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 36 years, Guinea recorded a fiscal deficit in 31 of those years, while Oman ran a deficit in 14 years. On average, Guinea posted an annual deficit equal to 1.8% of GDP, compared to surplus of 0.98% of GDP for Oman.

Inflation comparison by year

Inflation
Guinea

Oman
1x
Year Consumer prices inflation
Guinea Oman
2025 3.1% 1%
2024 4.5% 0.6%
2023 5.4% 1%
2022 10.5% 2.5%
2021 12.6% 1.7%
2020 10.6% -0.4%
2019 9.5% 0.5%
2018 9.8% 0.7%
2017 8.9% 1.5%
2016 8.2% 0.9%
2015 8.2% 0.1%
2014 9.7% 1.2%
2013 11.9% 1.3%
2012 15.2% 2.9%
2011 21.4% 4.1%
2010 15.5% 3.3%
2009 4.7% 3.5%
2008 18.4% 12.6%
2007 22.9% 5.9%
2006 34.7% 3.2%
2005 31.4% 1.9%
2004 17.5% 0.8%
2003 11% 0.2%
2002 3% -0.3%
2001 5.4% -0.8%
2000 6.8% -1.2%
1999 4.6% 0.5%
1998 5.1% 0.4%
1997 1.9% -0.4%

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

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 1.7% in Oman. In 2025, inflation was 3.1% in Guinea and 1% in Oman.

Top exports between countries

Guinea
Export category Export value
Oman
Export category Export value
Animal & marine products $14.2M
Miscellaneous $1.94M
Chemicals & pharma $636K
Raw materials & minerals $203K
Textiles & consumer goods $109K
Machinery & equipment $87K
Processed food, beverages & tobacco $85K
Metals $8K

Balance of trade

Guinea Oman
Current account balance
-$392M
2024
$3.07B
2024
Current account balance ranking
101/190
2024
37/190
2024
Current account balance, % of GDP
-1.57%
2024
+2.86%
2024
Goods imports
$7.08B
2024
$39.5B
2024
Goods exports
$11.6B
2024
$65.2B
2024
Service imports
$3.15B
2024
$12.8B
2024
Service exports
$71.2M
2024
$5.64B
2024
Imports of goods and services, % of GDP
62.3%
2025
48.8%
2024
Exports of goods and services, % of GDP
41.4%
2025
66.1%
2024

Economic freedom indices

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

Guinea Oman
Economic freedom 53.1 68.5
Economic freedom ranking 141/197 45/197
Property rights 21.3 71.8
Government integrity 26.7 49.4
Judicial effectiveness 26 28
Tax burden 70.1 97.6
Government spending 90.1 74.7
Fiscal health 74.8 97.5
Business freedom 44.8 67.8
Labor freedom 56.4 47.7
Monetary freedom 75.3 79.2
Trade freedom 61.8 78.4
Investment freedom 50 70
Financial freedom 40 60

Economic freedom comparison by year

Guinea
Oman
1x
Year Economic freedom index
Guinea Oman
2026 53.1 68.5
2025 54.6 65.4
2024 53.3 62.9
2023 53.2 58.5
2022 54.2 56.6
2021 56.5 64.6
2020 56.5 63.6
2019 55.7 61
2018 52.2 61
2017 47.6 62.1
2016 53.3 67.1
2015 52.1 66.7
2014 53.5 67.4
2013 51.2 68.1
2012 50.8 67.9
2011 51.7 69.8
2010 51.8 67.7
2009 51 67
2008 52.8 67.3
2007 54.5 65.8
2006 52.8 63.7
2005 57.4 66.5
2004 56.1 66.9
2003 54.6 64.6
2002 52.9 64
2001 58.4 67.7
2000 58.2 64.1
1999 59.4 64.9
1998 61 64.9
1997 52.9 64.5
1996 58.5 65.4
1995 59.4 70.2

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Oman
Services, % of GDP
35.7%
2025
47.2%
2025
Industry, % of GDP
25.4%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
2.81%
2025
GNI, Atlas method
$26.2B
2025
$103B
2024
GNI per capita, PPP
$4,730
2025
$39,390
2024
Total reserves including gold
$1.35B
2024
$18.3B
2024
Total reserves ranking
137/177
2024
68/177
2024
Net foreign direct investment
-$1.4B
2024
-$12.6B
2024
Net inflows of foreign direct investment
$1.4B
2024
$12.5B
2024
Net outflows of foreign direct investment
$30K
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
47%
2020
n/a
Gross capital formation, % of GDP
37%
2025
24.8%
2024

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/oman | 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 (2021–2024, 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.