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Economy of Guinea vs Qatar compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $216B for Qatar, ranking 117/197 and 56/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Guinea vs Qatar GDP by year

Guinea
Qatar
1x
Year GDP, current $
Guinea Qatar
2025 $28,346,024,753 $215,559,615,385
2024 $25,008,678,293 $216,294,505,495
2023 $22,407,615,556 $213,002,809,341
2022 $19,910,452,542 $235,709,325,714
2021 $17,069,115,738 $179,732,009,560
2020 $14,088,693,743 $144,411,363,352
2019 $13,442,861,496 $176,371,267,692
2018 $11,857,030,367 $183,334,953,819
2017 $10,324,668,271 $161,099,122,225
2016 $8,595,955,222 $151,732,181,868
2015 $8,794,201,743 $161,739,955,577
2014 $8,778,473,373 $206,224,598,571
2013 $8,376,613,539 $198,727,642,967
2012 $7,638,044,557 $186,833,502,363
2011 $6,785,137,203 $167,775,274,725
2010 $6,853,467,146 $125,122,252,747
2009 $6,716,905,340 $97,798,351,648
2008 $6,964,179,983 $115,269,780,220
2007 $6,281,918,226 $79,711,813,187
2006 $4,220,019,845 $60,882,142,857
2005 $4,282,468,637 $44,530,494,505
2004 $5,300,767,961 $31,734,065,934
2003 $5,025,167,975 $23,533,791,209
2002 $4,301,608,753 $19,363,736,264
2001 $4,125,527,603 $17,538,461,538
2000 $4,367,458,867 $17,759,890,110
1999 $5,046,806,783 $12,393,131,868
1998 $5,232,118,046 $10,255,494,505
1997 $5,516,916,163 $11,297,802,198
1996 $5,641,243,100 $9,059,340,659
1995 $5,385,704,166 $8,137,912,088
1994 $4,932,800,407 $7,374,450,549
1993 $4,781,166,117 $7,156,593,407
1992 $4,789,220,417 $7,646,153,846
1991 $4,396,178,694 $6,883,516,484
1990 $3,888,320,666 $7,360,439,560
1989 $3,546,079,263 $6,487,912,088
1988 $3,476,480,303 $6,038,186,813
1987 $2,976,714,019 $5,446,428,571
1986 $2,909,130,355 $5,053,021,978
1985 $22,787,644,566 $6,153,296,703
1984 $18,421,497,251 $6,870,329,670
1983 $15,129,893,722 $6,484,890,110
1982 $11,926,032,493 $7,611,263,736
1981 $9,646,440,667 $8,672,527,473
1980 $9,746,524,915 $7,837,915,956
1979 $8,877,094,497 $5,632,962,997
1978 $8,087,305,999 $4,052,000,413
1977 $6,914,381,291 $3,617,564,638
1976 $6,762,781,871 $3,284,273,987
1975 $6,102,769,605 $2,512,773,166
1974 $5,691,417,541 $2,401,403,227
1973 $5,152,080,388 $793,885,560
1972 $4,203,069,035 $510,262,500
1971 $3,594,302,908 $387,703,106
1970 $3,220,224,608 $301,791,302

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Qatar by year

Guinea
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $72,525 -
2024 $1,695 $4,565 $75,685 $126,046
2023 $1,555 $4,334 $80,196 $129,368
2022 $1,417 $4,062 $88,701 $122,921
2021 $1,245 $3,739 $71,752 $116,833
2020 $1,054 $3,332 $51,684 $82,149
2019 $1,031 $3,106 $66,841 $107,503
2018 $933 $2,844 $71,040 $110,033
2017 $834 $2,687 $63,280 $99,358
2016 $712 $2,255 $61,254 $89,935
2015 $747 $1,930 $68,985 $102,546
2014 $765 $1,873 $95,841 $148,389
2013 $748 $1,842 $103,697 $169,203
2012 $699 $1,790 $108,470 $180,939
2011 $637 $1,705 $103,262 $174,620
2010 $659 $1,622 $77,387 $151,646
2009 $662 $1,567 $60,786 $125,898
2008 $704 $1,614 $80,781 $126,015
2007 $650 $1,558 $65,954 $124,056
2006 $447 $1,453 $62,582 $127,181
2005 $463 $1,422 $53,950 $115,250
2004 $585 $1,366 $41,036 $110,958
2003 $566 $1,328 $31,602 $94,120
2002 $496 $1,315 $27,227 $93,177
2001 $483 $1,251 $25,871 $89,805
2000 $518 $1,196 $27,535 $88,849
1999 $611 $1,163 $20,234 $84,690
1998 $647 $1,130 $17,665 $84,486
1997 $696 $1,099 $20,523 $79,219
1996 $726 $1,048 $17,125 $62,331
1995 $713 $1,014 $15,823 $60,321
1994 $672 $976 $14,765 $59,415
1993 $671 $947 $14,770 $59,125
1992 $693 $908 $16,280 $60,387
1991 $656 $887 $15,133 $54,759
1990 $604 $871 $16,722 $55,659
1989 $570 - $15,243 -
1988 $574 - $14,682 -
1987 $505 - $13,719 -
1986 $506 - $13,213 -
1985 $4,062 - $16,815 -
1984 $3,362 - $19,749 -
1983 $2,823 - $19,669 -
1982 $2,273 - $24,431 -
1981 $1,876 - $29,543 -
1980 $1,931 - $28,407 -
1979 $1,790 - $21,777 -
1978 $1,658 - $16,757 -
1977 $1,440 - $16,058 -
1976 $1,431 - $15,710 -
1975 $1,311 - $13,014 -
1974 $1,243 - $13,540 -
1973 $1,143 - $4,905 -
1972 $948 - $3,483 -
1971 $825 - $2,952 -
1970 $753 - $2,594 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Qatar ranks 5th at $126,046.

Economic indicators

Guinea Qatar
Gross domestic product
$28.3B
2025
$216B
2025
GDP rank
117/197
2025
56/197
2025
GDP growth
7.45%
2024-2025
2.9%
2024-2025
GDP per capita
$1,877
2025
$72,525
2025
GDP per capita rank
161/197
2025
13/197
2025
GDP per capita, PPP
$4,565
2024
$126,046
2024
GDP per capita PPP rank
161/197
2024
5/197
2024
Government debt
$13.6B
2025
$89.2B
2025
Debt-to-GDP ratio
48.1%
2025
41.4%
2025
Government debt per person
$902
2025
$30,009
2025
Government debt per person rank
146/185
2025
24/185
2025
Average annual personal income after taxes
$1,966
2026
$37,042
2026
Market capitalization of domestic companies n/a
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
23.1%
2018
25.8%
2017
Income share by poorest 10%
3.5%
2018
2.6%
2017
Government expenditure, % of GDP
25.2%
2025
27.1%
2025
Consumer prices inflation
3.1%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
5.02%
2019
0.1%
2024
Population
15624314
3058826

Spending and national debt comparison by year

Guinea
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Guinea Qatar
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 27.1% 41.4%
2024 20.6% 48.3% 26% 41.3%
2023 18.3% 39.8% 26.7% 42.8%
2022 15.7% 37.2% 24.3% 42.6%
2021 15.1% 40.6% 29.4% 58.4%
2020 17.1% 45.3% 34.7% 72.6%
2019 14.9% 37.3% 32.5% 62.1%
2018 15.9% 37.5% 28.9% 52.2%
2017 17.3% 39.9% 34.7% 51.6%
2016 16.1% 40.6% 40.1% 46.7%
2015 21.7% 41.5% 38.6% 35.5%
2014 20.1% 32.1% 32.3% 24.9%
2013 18.6% 30.5% 28.3% 30.9%
2012 19.6% 26.9% 31% 32.1%
2011 16% 53.8% 28.5% 33.5%
2010 20.5% 71.1% 32% 30.4%
2009 16.2% 61.3% 36.4% 36%
2008 10.1% 58.5% 23.5% 11.4%
2007 8.66% 60.8% 29.5% 9.37%
2006 13.2% 95.2% 29.5% 13.9%
2005 11% 97.9% 29% 19.1%
2004 13% 86.9% 29.9% 30.1%
2003 14.7% 81.6% 28.5% 38.8%
2002 14.4% 82.6% 31.6% 47.7%
2001 14.9% 90.4% 32.1% 59.2%
2000 12.6% 91.5% 29.8% 51.6%
1999 11.6% 92.3% 42.4% 81.8%
1998 10.3% 75.9% 55.1% 76.6%
1997 12.6% 67.9% 47.6% 54.4%
1996 12% 67.7% 55.2% 57.8%
1995 12.7% 66.5% 52.2% 50.2%
1994 12.6% 71.3% 59.8% 54.8%
1993 13.3% 68.9% 62.8% 46.3%
1992 13.8% 62% 54.2% 19.9%
1991 16.3% 70.9% 57.5% 21.8%
1990 18.7% 71.6% 50% 12.6%

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

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 41.4% in Qatar, ranking 111/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Qatar
1x
Year Deficit/surplus, % of GDP
Guinea Qatar
2025 -7% -1%
2024 -4.99% 0.71%
2023 -3.86% 5.51%
2022 -1.88% 10.4%
2021 -1.7% 0.24%
2020 -3.08% -2.13%
2019 -0.17% 1%
2018 -0.97% 2.26%
2017 -1.98% -6.82%
2016 -0.08% -9.2%
2015 -6.53% 18.4%
2014 -3.01% 13.4%
2013 -3.86% 19.3%
2012 23.7% 8.55%
2011 -0.92% 5.24%
2010 -9.66% 4.6%
2009 -4.87% 14.1%
2008 0.38% 9.49%
2007 1.28% 10.3%
2006 -2.13% 8.39%
2005 -1.06% 9.8%
2004 -3.85% 17.7%
2003 -4.65% 6.71%
2002 -3.37% 7.89%
2001 -3.23% 4.48%
2000 -2.42% 4.62%
1999 -1.3% -4.35%
1998 2.46% -7%
1997 0.07% -9.4%
1996 -2.2% -8.73%
1995 -1.07% -5.78%
1994 -2.59% -11.8%
1993 -2.33% -9.53%
1992 -0.89% -2.74%
1991 -3.25% -2.57%
1990 -3.76% 3.23%

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

GeoRank.org/economy/guinea/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Guinea recorded a fiscal deficit in 31 of those years, while Qatar ran a deficit in 13 years. On average, Guinea posted an annual deficit equal to 1.8% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Guinea

Qatar
1x
Year Consumer prices inflation
Guinea Qatar
2025 3.1% 0.6%
2024 4.5% 1.2%
2023 5.4% 3.1%
2022 10.5% 5%
2021 12.6% 2.3%
2020 10.6% -2.5%
2019 9.5% -0.9%
2018 9.8% 0.1%
2017 8.9% 0.6%
2016 8.2% 2.7%
2015 8.2% 0.9%
2014 9.7% 4.2%
2013 11.9% 3.1%
2012 15.2% 1.8%
2011 21.4% 2%
2010 15.5% -2.4%
2009 4.7% -4.9%
2008 18.4% 15.1%
2007 22.9% 13.7%
2006 34.7% 11.7%
2005 31.4% 9%
2004 17.5% 6.8%
2003 11% 2.3%
2002 3% 0.2%
2001 5.4% 1.7%
2000 6.8% 1.6%
1999 4.6% 2.2%
1998 5.1% 2.9%
1997 1.9% 2.7%

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

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 2.99% in Qatar. In 2025, inflation was 3.1% in Guinea and 0.6% in Qatar.

Top exports between countries

Guinea
Export category Export value
Qatar
Export category Export value
Chemicals & pharma $2.49M
Raw materials & minerals $861K
Machinery & equipment $574K
Animal & marine products $45K
Textiles & consumer goods $39K

Balance of trade

Guinea Qatar
Current account balance
-$392M
2024
$31.9B
2025
Current account balance ranking
101/190
2024
17/190
2025
Current account balance, % of GDP
-1.57%
2024
+14.8%
2025
Goods imports
$7.08B
2024
$34.3B
2025
Goods exports
$11.6B
2024
$90B
2025
Service imports
$3.15B
2024
$31.3B
2025
Service exports
$71.2M
2024
$24.4B
2025
Imports of goods and services, % of GDP
62.3%
2025
31.6%
2022
Exports of goods and services, % of GDP
41.4%
2025
68.6%
2022

Economic freedom indices

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

Guinea Qatar
Economic freedom 53.1 70.2
Economic freedom ranking 141/197 37/197
Property rights 21.3 66.2
Government integrity 26.7 53.5
Judicial effectiveness 26 41.5
Tax burden 70.1 99.9
Government spending 90.1 79.9
Fiscal health 74.8 96.6
Business freedom 44.8 68
Labor freedom 56.4 58.5
Monetary freedom 75.3 76
Trade freedom 61.8 81.8
Investment freedom 50 60
Financial freedom 40 60

Economic freedom comparison by year

Guinea
Qatar
1x
Year Economic freedom index
Guinea Qatar
2026 53.1 70.2
2025 54.6 70.2
2024 53.3 68.8
2023 53.2 68.6
2022 54.2 67.7
2021 56.5 72
2020 56.5 72.3
2019 55.7 72.6
2018 52.2 72.6
2017 47.6 73.1
2016 53.3 70.7
2015 52.1 70.8
2014 53.5 71.2
2013 51.2 71.3
2012 50.8 71.3
2011 51.7 70.5
2010 51.8 69
2009 51 65.8
2008 52.8 62.2
2007 54.5 62.9
2006 52.8 62.4
2005 57.4 63.5
2004 56.1 66.5
2003 54.6 65.9
2002 52.9 61.9
2001 58.4 60
2000 58.2 62
1999 59.4 62
1998 61 -
1997 52.9 -
1996 58.5 -
1995 59.4 -

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Qatar
Services, % of GDP
35.7%
2025
47%
2025
Industry, % of GDP
25.4%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
0.31%
2025
GNI, Atlas method
$26.2B
2025
$221B
2025
GNI per capita, PPP
$4,730
2025
$126,290
2025
Total reserves including gold
$1.35B
2024
$55.8B
2025
Total reserves ranking
137/177
2024
45/177
2025
Net foreign direct investment
-$1.4B
2024
$311M
2025
Net inflows of foreign direct investment
$1.4B
2024
$460M
2024
Net outflows of foreign direct investment
$30K
2024
$1.56B
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
30.6%
2022

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/qatar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, 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.