Skip to content

Economy of Guinea vs Romania compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $383B for Romania, ranking 118/197 and 42/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $220B (57.4% of GDP) in Romania.

Guinea vs Romania GDP by year

Guinea
Romania
1x
Year GDP, current $
Guinea Romania
2024 $25,008,678,293 $382,564,217,989
2023 $22,407,615,556 $347,757,995,759
2022 $19,910,452,542 $295,319,437,557
2021 $17,069,115,738 $285,071,280,114
2020 $14,088,693,743 $250,625,048,304
2019 $13,442,861,496 $250,080,428,512
2018 $11,857,030,367 $241,791,427,224
2017 $10,324,668,271 $210,147,385,855
2016 $8,595,955,222 $185,290,759,249
2015 $8,794,201,743 $177,885,131,240
2014 $8,778,473,373 $199,722,319,676
2013 $8,376,613,539 $189,798,603,751
2012 $7,638,044,557 $179,117,323,107
2011 $6,785,137,203 $192,623,977,894
2010 $6,853,467,146 $170,064,350,672
2009 $6,716,905,340 $174,110,532,659
2008 $6,964,179,983 $214,315,932,061
2007 $6,281,918,226 $174,588,782,939
2006 $4,220,019,845 $122,023,735,993
2005 $4,282,468,637 $98,454,380,120
2004 $5,300,767,961 $74,973,656,852
2003 $5,025,167,975 $57,806,384,143
2002 $4,301,608,753 $46,065,502,703
2001 $4,125,527,603 $40,395,116,581
2000 $4,367,458,867 $37,253,739,511
1999 $5,046,806,783 $35,953,156,754
1998 $5,232,118,046 $41,696,091,974
1997 $5,516,916,163 $35,575,214,078
1996 $5,641,243,100 $36,937,074,278
1995 $5,385,704,166 $37,430,162,103
1994 $4,932,800,407 $30,072,805,104
1993 $4,781,166,117 $26,361,160,450
1992 $4,789,220,417 $25,121,666,667
1991 $4,396,178,694 $28,850,634,900
1990 $3,888,320,666 $38,247,882,300
1989 $3,546,079,263 $41,450,777,202
1988 $3,476,480,303 $40,424,528,302
1987 $2,976,714,019 $38,067,567,568
1986 $2,909,130,355 -
1985 $22,787,644,566 -
1984 $18,421,497,251 -
1983 $15,129,893,722 -
1982 $11,926,032,493 -
1981 $9,646,440,667 -
1980 $9,746,524,915 -
1979 $8,877,094,497 -
1978 $8,087,305,999 -
1977 $6,914,381,291 -
1976 $6,762,781,871 -
1975 $6,102,769,605 -
1974 $5,691,417,541 -
1973 $5,152,080,388 -
1972 $4,203,069,035 -
1971 $3,594,302,908 -
1970 $3,220,224,608 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea vs Romania by year

Guinea
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $20,080 $49,077
2023 $1,555 $4,334 $18,244 $45,982
2022 $1,417 $4,062 $15,504 $41,979
2021 $1,245 $3,739 $14,908 $37,534
2020 $1,054 $3,332 $13,009 $34,194
2019 $1,031 $3,106 $12,910 $33,425
2018 $933 $2,844 $12,416 $29,383
2017 $834 $2,687 $10,728 $26,943
2016 $712 $2,255 $9,405 $23,905
2015 $747 $1,930 $8,977 $21,625
2014 $765 $1,873 $10,032 $20,633
2013 $748 $1,842 $9,498 $19,678
2012 $699 $1,790 $8,930 $19,808
2011 $637 $1,705 $9,561 $18,804
2010 $659 $1,622 $8,400 $17,355
2009 $662 $1,567 $8,548 $16,641
2008 $704 $1,614 $10,435 $16,782
2007 $650 $1,558 $8,360 $13,703
2006 $447 $1,453 $5,758 $11,554
2005 $463 $1,422 $4,618 $9,602
2004 $585 $1,366 $3,495 $8,989
2003 $566 $1,328 $2,679 $7,559
2002 $496 $1,315 $2,120 $7,162
2001 $483 $1,251 $1,825 $6,520
2000 $518 $1,196 $1,660 $5,850
1999 $611 $1,163 $1,600 $5,596
1998 $647 $1,130 $1,853 $5,545
1997 $696 $1,099 $1,577 $5,564
1996 $726 $1,048 $1,633 $5,746
1995 $713 $1,014 $1,650 $5,429
1994 $672 $976 $1,323 $4,995
1993 $671 $947 $1,158 $4,699
1992 $693 $908 $1,102 $4,515
1991 $656 $887 $1,254 $4,795
1990 $604 $871 $1,648 $5,280
1989 $570 - $1,790 -
1988 $574 - $1,753 -
1987 $505 - $1,659 -
1986 $506 - - -
1985 $4,062 - - -
1984 $3,362 - - -
1983 $2,823 - - -
1982 $2,273 - - -
1981 $1,876 - - -
1980 $1,931 - - -
1979 $1,790 - - -
1978 $1,658 - - -
1977 $1,440 - - -
1976 $1,431 - - -
1975 $1,311 - - -
1974 $1,243 - - -
1973 $1,143 - - -
1972 $948 - - -
1971 $825 - - -
1970 $753 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Romania ranks 47th at $49,077.

Economic indicators

Guinea Romania
Gross domestic product
$25B
2024
$383B
2024
GDP rank
118/197
2024
42/197
2024
GDP growth
5.35%
2023-2024
0.92%
2023-2024
GDP per capita
$1,695
2024
$20,080
2024
GDP per capita rank
160/197
2024
58/197
2024
GDP per capita, PPP
$4,565
2024
$49,077
2024
GDP per capita PPP rank
161/197
2024
47/197
2024
Government debt
$12.2B
2024
$220B
2024
Debt-to-GDP ratio
48.8%
2024
57.4%
2024
Government debt per person
$828
2024
$11,533
2024
Government debt per person rank
147/185
2024
48/185
2024
Average annual personal income after taxes
$20,020
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
23.1%
2018
21.8%
2023
Income share by poorest 10%
3.5%
2018
2.4%
2023
Government expenditure, % of GDP
20.6%
2024
39.9%
2024
Consumer prices inflation
4.7%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
5.02%
2019
5.43%
2024
Population
15546235
18839108

Spending and national debt comparison by year

Guinea
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Guinea Romania
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 39.9% 57.4%
2023 18.3% 40.4% 36.6% 52.1%
2022 15.7% 37.9% 37.4% 51.7%
2021 15.1% 40.6% 37% 51.5%
2020 17.1% 45.3% 38.1% 49.3%
2019 14.9% 37.3% 33.2% 36.5%
2018 15.9% 37.5% 31.7% 36.2%
2017 17.3% 39.9% 31% 37.1%
2016 16.1% 40.6% 31.8% 39.5%
2015 21.7% 41.5% 34.2% 39.4%
2014 20.1% 32.1% 33.8% 40.5%
2013 18.6% 30.5% 34.2% 39.3%
2012 19.6% 26.9% 33.5% 36.2%
2011 16% 53.8% 35% 32.6%
2010 20.5% 71.1% 37.4% 30.2%
2009 16.2% 61.3% 36.3% 22.5%
2008 10.1% 58.5% 35.3% 13%
2007 8.66% 60.8% 34.6% 12.4%
2006 13.2% 95.2% 33.9% 12.7%
2005 11% 97.9% 32.3% 17.8%
2004 13% 86.9% 33.7% 21.3%
2003 14.7% 81.6% 31.8% 24.9%
2002 14.4% 82.6% 32.1% 27.4%
2001 14.9% 90.4% 33.2% 27.4%
2000 12.6% 91.5% 35% 29.6%
1999 11.6% 92.3% 35.1% 21.7%
1998 10.3% 75.9% 34.7% 16.5%
1997 12.6% 67.9% 33.5% 15%
1996 12% 67.7% 33.5% 11%
1995 12.7% 66.5% 34.4% 6.91%
1994 12.6% 71.3% 33.1% -
1993 13.3% 68.9% 33.5% -
1992 13.8% 62% 41.5% -
1991 16.3% 70.9% 38.3% -
1990 18.7% 71.6% 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 57.4% in Romania, ranking 111/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Romania
1x
Year Deficit/surplus, % of GDP
Guinea Romania
2024 -4.99% -8.68%
2023 -3.86% -5.61%
2022 -1.88% -5.83%
2021 -1.7% -6.7%
2020 -3.08% -9.54%
2019 -0.17% -4.55%
2018 -0.97% -2.74%
2017 -1.98% -2.86%
2016 -0.08% -2.5%
2015 -6.53% -1.35%
2014 -3.01% -1.76%
2013 -3.86% -2.44%
2012 23.7% -2.39%
2011 -0.92% -4.14%
2010 -9.66% -6.22%
2009 -4.87% -6.86%
2008 0.38% -4.6%
2007 1.28% -3.05%
2006 -2.13% -1.36%
2005 -1.06% -0.69%
2004 -3.85% -3.39%
2003 -4.65% -2.29%
2002 -3.37% -2.59%
2001 -3.23% -3.2%
2000 -2.42% -3.99%
1999 -1.3% -3.58%
1998 2.46% -5.33%
1997 0.07% -5.19%
1996 -2.2% -4.74%
1995 -1.07% -3.32%
1994 -2.59% -2.2%
1993 -2.33% -0.35%
1992 -0.89% -4.55%
1991 -3.25% 3.23%
1990 -3.76% 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

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

In 2024, Guinea's government deficit, the difference between spending and revenue, was $1.25B, equivalent to 4.99% of GDP. This compares to Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Romania ran a deficit in 33 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 3.55% of GDP for Romania.

Inflation comparison by year

Inflation
Guinea

Romania
1x
Year Consumer prices inflation
Guinea Romania
2024 4.7% 5.6%
2023 5.4% 10.4%
2022 10.5% 13.8%
2021 12.6% 5%
2020 10.6% 2.6%
2019 9.5% 3.8%
2018 9.8% 4.6%
2017 8.9% 1.3%
2016 8.2% -1.6%
2015 8.2% -0.6%
2014 9.7% 1.1%
2013 11.9% 4%
2012 15.2% 3.3%
2011 21.4% 5.8%
2010 15.5% 6.1%
2009 4.7% 5.6%
2008 18.4% 7.8%
2007 22.9% 4.8%
2006 34.7% 6.6%
2005 31.4% 9%
2004 17.5% 11.9%
2003 11% 15.4%
2002 3% 22.5%
2001 5.4% 34.5%
2000 6.8% 45.7%
1999 4.6% 45.8%
1998 5.1% 59.1%
1997 1.9% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 17.5% in Romania. In 2024, inflation was 4.7% in Guinea and 5.6% in Romania.

Top exports between countries

Guinea
Export category Export value
Raw materials & minerals $118K
Romania
Export category Export value
Machinery & equipment $1.28M
Animal & marine products $176K
Wood & paper products $138K
Metals $68K
Processed food, beverages & tobacco $63K
Raw materials & minerals $27K
Textiles & consumer goods $8K
Chemicals & pharma $3K
Miscellaneous $2K

Balance of trade

Guinea Romania
Current account balance
-$392M
2024
-$31.2B
2024
Current account balance ranking
104/190
2024
185/190
2024
Current account balance, % of GDP
-1.57%
2024
-8.16%
2024
Goods imports
$7.08B
2024
$129B
2024
Goods exports
$11.6B
2024
$93.3B
2024
Service imports
$3.15B
2024
$30.2B
2024
Service exports
$71.2M
2024
$42.9B
2024
Imports of goods and services, % of GDP
56.4%
2024
41.6%
2024
Exports of goods and services, % of GDP
41.4%
2024
35.6%
2024

Economic freedom indices

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

Guinea Romania
Economic freedom 53.1 65.4
Economic freedom ranking 141/197 64/197
Property rights 21.3 81
Government integrity 26.7 50
Judicial effectiveness 26 67
Tax burden 70.1 89.1
Government spending 90.1 56.7
Fiscal health 74.8 21.4
Business freedom 44.8 74.4
Labor freedom 56.4 63.6
Monetary freedom 75.3 72.7
Trade freedom 61.8 79.4
Investment freedom 50 70
Financial freedom 40 60

Economic freedom comparison by year

Guinea
Romania
1x
Year Economic freedom index
Guinea Romania
2026 53.1 65.4
2025 54.6 66.5
2024 53.3 64.4
2023 53.2 64.5
2022 54.2 67.1
2021 56.5 69.5
2020 56.5 69.7
2019 55.7 68.6
2018 52.2 69.4
2017 47.6 69.7
2016 53.3 65.6
2015 52.1 66.6
2014 53.5 65.5
2013 51.2 65.1
2012 50.8 64.4
2011 51.7 64.7
2010 51.8 64.2
2009 51 63.2
2008 52.8 61.7
2007 54.5 61.2
2006 52.8 58.2
2005 57.4 52.1
2004 56.1 50
2003 54.6 50.6
2002 52.9 48.7
2001 58.4 50
2000 58.2 52.1
1999 59.4 50.1
1998 61 54.4
1997 52.9 50.8
1996 58.5 46.2
1995 59.4 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Romania
Services, % of GDP
36.3%
2024
62.6%
2024
Industry, % of GDP
25.1%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
2.81%
2024
GNI, Atlas method
$21.3B
2024
$335B
2024
GNI per capita, PPP
$4,130
2024
$47,920
2024
Total reserves including gold
$1.89B
2023
$73.4B
2024
Total reserves ranking
128/177
2023
35/177
2024
Net foreign direct investment
-$1.4B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$1.4B
2024
$7.16B
2024
Net outflows of foreign direct investment
$30K
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
47%
2020
19%
2023
Gross capital formation, % of GDP
32.1%
2024
25%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2016–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.