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Economy of Guinea vs Peru compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $335B for Peru, ranking 117/197 and 47/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $101B (30.2% of GDP) in Peru.

Guinea vs Peru GDP by year

Guinea
Peru
1x
Year GDP, current $
Guinea Peru
2025 $28,346,024,753 $334,854,659,182
2024 $25,008,678,293 $291,751,523,019
2023 $22,407,615,556 $268,025,009,709
2022 $19,910,452,542 $246,169,867,863
2021 $17,069,115,738 $226,406,075,009
2020 $14,088,693,743 $201,409,694,756
2019 $13,442,861,496 $228,346,006,004
2018 $11,857,030,367 $222,597,009,739
2017 $10,324,668,271 $211,007,984,081
2016 $8,595,955,222 $191,898,104,390
2015 $8,794,201,743 $189,802,976,286
2014 $8,778,473,373 $200,786,250,583
2013 $8,376,613,539 $201,175,543,571
2012 $7,638,044,557 $192,650,021,649
2011 $6,785,137,203 $171,761,737,047
2010 $6,853,467,146 $147,527,631,521
2009 $6,716,905,340 $120,822,986,521
2008 $6,964,179,983 $120,550,599,815
2007 $6,281,918,226 $102,170,981,144
2006 $4,220,019,845 $88,643,193,062
2005 $4,282,468,637 $76,060,606,061
2004 $5,300,767,961 $66,768,703,498
2003 $5,025,167,975 $58,731,030,122
2002 $4,301,608,753 $54,777,553,515
2001 $4,125,527,603 $52,030,158,775
2000 $4,367,458,867 $51,744,749,133
1999 $5,046,806,783 $50,187,324,568
1998 $5,232,118,046 $55,501,467,877
1997 $5,516,916,163 $58,147,522,523
1996 $5,641,243,100 $55,252,414,130
1995 $5,385,704,166 $53,312,793,687
1994 $4,932,800,407 $44,882,079,767
1993 $4,781,166,117 $34,832,077,221
1992 $4,789,220,417 $35,966,302,303
1991 $4,396,178,694 $34,341,465,998
1990 $3,888,320,666 $26,410,386,963
1989 $3,546,079,263 $22,499,558,526
1988 $3,476,480,303 $15,439,408,447
1987 $2,976,714,019 $36,889,706,593
1986 $2,909,130,355 $21,859,448,586
1985 $22,787,644,566 $15,078,736,875
1984 $18,421,497,251 $17,600,400,385
1983 $15,129,893,722 $17,345,260,564
1982 $11,926,032,493 $21,794,535,621
1981 $9,646,440,667 $21,648,214,893
1980 $9,746,524,915 $18,136,838,538
1979 $8,877,094,497 $15,954,012,439
1978 $8,087,305,999 $12,491,876,743
1977 $6,914,381,291 $14,544,913,961
1976 $6,762,781,871 $16,131,958,851
1975 $6,102,769,605 $16,931,162,355
1974 $5,691,417,541 $13,858,441,211
1973 $5,152,080,388 $10,994,381,895
1972 $4,203,069,035 $9,189,413,409
1971 $3,594,302,908 $8,289,582,884
1970 $3,220,224,608 $7,432,223,177
1969 - $6,420,909,790
1968 - $5,736,083,835
1967 - $6,194,340,080
1966 - $6,109,048,737
1965 - $5,163,008,077
1964 - $4,353,664,867
1963 - $3,598,272,493
1962 - $3,284,322,201
1961 - $2,897,852,693
1960 - $2,571,986,572

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

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

GDP per capita in Guinea vs Peru by year

Guinea
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $9,684 -
2024 $1,695 $4,565 $8,526 $17,802
2023 $1,555 $4,334 $7,919 $17,011
2022 $1,417 $4,062 $7,354 $16,669
2021 $1,245 $3,739 $6,829 $15,281
2020 $1,054 $3,332 $6,133 $12,563
2019 $1,031 $3,106 $7,037 $13,564
2018 $933 $2,844 $6,978 $13,078
2017 $834 $2,687 $6,736 $12,592
2016 $712 $2,255 $6,217 $12,067
2015 $747 $1,930 $6,232 $11,600
2014 $765 $1,873 $6,667 $11,518
2013 $748 $1,842 $6,747 $11,291
2012 $699 $1,790 $6,519 $10,757
2011 $637 $1,705 $5,861 $10,463
2010 $659 $1,622 $5,072 $9,713
2009 $662 $1,567 $4,181 $8,917
2008 $704 $1,614 $4,198 $8,820
2007 $650 $1,558 $3,581 $7,982
2006 $447 $1,453 $3,130 $7,214
2005 $463 $1,422 $2,707 $6,560
2004 $585 $1,366 $2,397 $6,038
2003 $566 $1,328 $2,129 $5,657
2002 $496 $1,315 $2,007 $5,383
2001 $483 $1,251 $1,930 $5,086
2000 $518 $1,196 $1,945 $5,012
1999 $611 $1,163 $1,917 $4,847
1998 $647 $1,130 $2,156 $4,791
1997 $696 $1,099 $2,301 $4,844
1996 $726 $1,048 $2,227 $4,556
1995 $713 $1,014 $2,190 $4,435
1994 $672 $976 $1,879 $4,123
1993 $671 $947 $1,488 $3,666
1992 $693 $908 $1,567 $3,472
1991 $656 $887 $1,527 $3,484
1990 $604 $871 $1,200 $3,367
1989 $570 - $1,045 -
1988 $574 - $733 -
1987 $505 - $1,792 -
1986 $506 - $1,087 -
1985 $4,062 - $767 -
1984 $3,362 - $918 -
1983 $2,823 - $927 -
1982 $2,273 - $1,194 -
1981 $1,876 - $1,216 -
1980 $1,931 - $1,045 -
1979 $1,790 - $942 -
1978 $1,658 - $756 -
1977 $1,440 - $903 -
1976 $1,431 - $1,026 -
1975 $1,311 - $1,104 -
1974 $1,243 - $927 -
1973 $1,143 - $754 -
1972 $948 - $647 -
1971 $825 - $599 -
1970 $753 - $550 -
1969 - - $488 -
1968 - - $448 -
1967 - - $498 -
1966 - - $505 -
1965 - - $439 -
1964 - - $381 -
1963 - - $324 -
1962 - - $305 -
1961 - - $276.6 -
1960 - - $252.8 -

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

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Peru ranks 104th at $17,802.

Economic indicators

Guinea Peru
Gross domestic product
$28.3B
2025
$335B
2025
GDP rank
117/197
2025
47/197
2025
GDP growth
7.45%
2024-2025
3.43%
2024-2025
GDP per capita
$1,877
2025
$9,684
2025
GDP per capita rank
161/197
2025
90/197
2025
GDP per capita, PPP
$4,565
2024
$17,802
2024
GDP per capita PPP rank
161/197
2024
104/197
2024
Government debt
$13.6B
2025
$101B
2025
Debt-to-GDP ratio
48.1%
2025
30.2%
2025
Government debt per person
$902
2025
$2,927
2025
Government debt per person rank
146/185
2025
107/185
2025
Average annual personal income after taxes
$1,966
2026
$7,143
2026
Market capitalization of domestic companies n/a
$105B
2025
Income share by richest 10%
23.1%
2018
30.3%
2024
Income share by poorest 10%
3.5%
2018
2%
2024
Government expenditure, % of GDP
25.2%
2025
21.4%
2025
Consumer prices inflation
3.1%
2024-2025
1.53%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
5.02%
2019
4.32%
2025
Population
15624314
35105331

Spending and national debt comparison by year

Guinea
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Guinea Peru
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 21.4% 30.2%
2024 20.6% 48.3% 22.2% 32.1%
2023 18.3% 39.8% 22.1% 32.4%
2022 15.7% 37.2% 23.1% 33.5%
2021 15.1% 40.6% 23.1% 35.5%
2020 17.1% 45.3% 25.7% 34.3%
2019 14.9% 37.3% 20.8% 26.5%
2018 15.9% 37.5% 21% 25.7%
2017 17.3% 39.9% 20.6% 24.8%
2016 16.1% 40.6% 20.5% 23.9%
2015 21.7% 41.5% 22% 23.7%
2014 20.1% 32.1% 22.4% 20.5%
2013 18.6% 30.5% 21.5% 19.9%
2012 19.6% 26.9% 20.3% 20.7%
2011 16% 53.8% 19.8% 23.1%
2010 20.5% 71.1% 21% 25.1%
2009 16.2% 61.3% 21.3% 28.2%
2008 10.1% 58.5% 19.9% 28.1%
2007 8.66% 60.8% 18.6% 31.9%
2006 13.2% 95.2% 19.2% 34.9%
2005 11% 97.9% 20.4% 40.4%
2004 13% 86.9% 19.6% 46.7%
2003 14.7% 81.6% 20.1% 49.4%
2002 14.4% 82.6% 19.6% 45.5%
2001 14.9% 90.4% 20.9% 43.8%
2000 12.6% 91.5% 21.7% 44.9%
1999 11.6% 92.3% 17.8% 41.1%
1998 10.3% 75.9% 16.3% 36.8%
1997 12.6% 67.9% 15.6% 34.5%
1996 12% 67.7% 16.5% 37.4%
1995 12.7% 66.5% 17.5% 36.8%
1994 12.6% 71.3% 16.9% 41.9%
1993 13.3% 68.9% 18.2% 49.9%
1992 13.8% 62% 19.1% 46.8%
1991 16.3% 70.9% 15.7% 48.3%
1990 18.7% 71.6% 20.4% 56.3%
1989 - - 12.1% 34.9%
1988 - - 12.8% 42.8%
1987 - - 15.5% 39.1%
1986 - - 16.6% 48.6%
1985 - - 17.2% 63.4%
1984 - - 18.3% 56.7%
1983 - - 19.4% 56.2%
1982 - - 17.6% 34.2%
1981 - - 18.4% 30.6%
1980 - - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 30.2% in Peru, ranking 111/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Peru
1x
Year Deficit/surplus, % of GDP
Guinea Peru
2025 -7% -2.36%
2024 -4.99% -3.53%
2023 -3.86% -2.74%
2022 -1.88% -1.38%
2021 -1.7% -2.49%
2020 -3.08% -8.19%
2019 -0.17% -1.37%
2018 -0.97% -1.94%
2017 -1.98% -2.79%
2016 -0.08% -2.12%
2015 -6.53% -2.02%
2014 -3.01% -0.19%
2013 -3.86% 0.75%
2012 23.7% 2.07%
2011 -0.92% 2.05%
2010 -9.66% -0.02%
2009 -4.87% -1.48%
2008 0.38% 2.48%
2007 1.28% 3.35%
2006 -2.13% 2.03%
2005 -1.06% -0.44%
2004 -3.85% -1.03%
2003 -4.65% -1.62%
2002 -3.37% -1.4%
2001 -3.23% -2.15%
2000 -2.42% -2.12%
1999 -1.3% -2.93%
1998 2.46% -0.2%
1997 0.07% 0.47%
1996 -2.2% -0.25%
1995 -1.07% -2.05%
1994 -2.59% -1.9%
1993 -2.33% -2.82%
1992 -0.89% -3.55%
1991 -3.25% -1.98%
1990 -3.76% -7.99%
1989 - -1.3%
1988 - -3.57%
1987 - -6.26%
1986 - -4.08%
1985 - -2.41%
1984 - -4.45%
1983 - -7.52%
1982 - -3.22%
1981 - -3.98%
1980 - -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea/peru | 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 Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 36 years, Guinea recorded a fiscal deficit in 31 of those years, while Peru ran a deficit in 29 years. On average, Guinea posted an annual deficit equal to 1.8% of GDP, compared to deficit of 1.44% of GDP for Peru.

Inflation comparison by year

Inflation
Guinea

Peru
1x
Year Consumer prices inflation
Guinea Peru
2025 3.1% 1.53%
2024 4.5% 2.01%
2023 5.4% 6.46%
2022 10.5% 8.33%
2021 12.6% 4.27%
2020 10.6% 2%
2019 9.5% 2.25%
2018 9.8% 1.51%
2017 8.9% 2.99%
2016 8.2% 3.56%
2015 8.2% 3.4%
2014 9.7% 3.41%
2013 11.9% 2.77%
2012 15.2% 3.61%
2011 21.4% 3.37%
2010 15.5% 1.53%
2009 4.7% 2.94%
2008 18.4% 5.79%
2007 22.9% 1.78%
2006 34.7% 2%
2005 31.4% 1.62%
2004 17.5% 3.66%
2003 11% 2.26%
2002 3% 0.19%
2001 5.4% 1.98%
2000 6.8% 3.76%
1999 4.6% 3.47%
1998 5.1% 7.25%
1997 1.9% 8.56%

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/peru | CC BY

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 3.39% in Peru. In 2025, inflation was 3.1% in Guinea and 1.53% in Peru.

Top exports between countries

Guinea
Export category Export value
Peru
Export category Export value
Machinery & equipment $319K
Animal & marine products $267K
Processed food, beverages & tobacco $231K
Chemicals & pharma $81K
Metals $73K
Textiles & consumer goods $61K
Raw materials & minerals $20K

Balance of trade

Guinea Peru
Current account balance
-$392M
2024
$12B
2025
Current account balance ranking
101/190
2024
23/190
2025
Current account balance, % of GDP
-1.57%
2024
+3.58%
2025
Goods imports
$7.08B
2024
$58.6B
2025
Goods exports
$11.6B
2024
$94B
2025
Service imports
$3.15B
2024
$15.9B
2025
Service exports
$71.2M
2024
$7.64B
2025
Imports of goods and services, % of GDP
62.3%
2025
21.8%
2025
Exports of goods and services, % of GDP
41.4%
2025
30%
2025

Economic freedom indices

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

Guinea Peru
Economic freedom 53.1 66.3
Economic freedom ranking 141/197 62/197
Property rights 21.3 44
Government integrity 26.7 35
Judicial effectiveness 26 47.8
Tax burden 70.1 79.4
Government spending 90.1 84.8
Fiscal health 74.8 87.4
Business freedom 44.8 73.1
Labor freedom 56.4 64.7
Monetary freedom 75.3 77.6
Trade freedom 61.8 81.6
Investment freedom 50 60
Financial freedom 40 60

Economic freedom comparison by year

Guinea
Peru
1x
Year Economic freedom index
Guinea Peru
2026 53.1 66.3
2025 54.6 65.9
2024 53.3 64.8
2023 53.2 66.5
2022 54.2 66.5
2021 56.5 67.7
2020 56.5 67.9
2019 55.7 67.8
2018 52.2 68.7
2017 47.6 68.9
2016 53.3 67.4
2015 52.1 67.7
2014 53.5 67.4
2013 51.2 68.2
2012 50.8 68.7
2011 51.7 68.6
2010 51.8 67.6
2009 51 64.6
2008 52.8 63.8
2007 54.5 62.7
2006 52.8 60.5
2005 57.4 61.3
2004 56.1 64.7
2003 54.6 64.6
2002 52.9 64.8
2001 58.4 69.6
2000 58.2 68.7
1999 59.4 69.2
1998 61 65
1997 52.9 63.8
1996 58.5 62.5
1995 59.4 56.9

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Peru
Services, % of GDP
35.7%
2025
50.9%
2024
Industry, % of GDP
25.4%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
7.47%
2024
GNI, Atlas method
$26.2B
2025
$291B
2025
GNI per capita, PPP
$4,730
2025
$17,540
2025
Total reserves including gold
$1.35B
2024
$90.4B
2025
Total reserves ranking
137/177
2024
32/177
2025
Net foreign direct investment
-$1.4B
2024
-$8.93B
2025
Net inflows of foreign direct investment
$1.4B
2024
$6.7B
2024
Net outflows of foreign direct investment
$30K
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
5.54%
2024
Poverty at national poverty lines
47%
2020
27.6%
2024
Gross capital formation, % of GDP
37%
2025
20.3%
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/peru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.