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Economy of Guinea vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $2.55B for Saint Lucia, ranking 118/197 and 173/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Guinea vs Saint Lucia GDP by year

Guinea
Saint Lucia
1x
Year GDP, current $
Guinea Saint Lucia
2024 $25,008,678,293 $2,549,062,963
2023 $22,407,615,556 $2,430,166,667
2022 $19,910,452,542 $2,342,714,815
2021 $17,069,115,738 $1,867,185,185
2020 $14,088,693,743 $1,499,274,074
2019 $13,442,861,496 $2,095,344,444
2018 $11,857,030,367 $2,060,955,556
2017 $10,324,668,271 $1,998,503,704
2016 $8,595,955,222 $1,868,544,444
2015 $8,794,201,743 $1,807,640,741
2014 $8,778,473,373 $1,749,185,185
2013 $8,376,613,539 $1,660,392,593
2012 $7,638,044,557 $1,598,207,407
2011 $6,785,137,203 $1,568,370,370
2010 $6,853,467,146 $1,482,385,185
2009 $6,716,905,340 $1,401,507,889
2008 $6,964,179,983 $1,437,731,111
2007 $6,281,918,226 $1,336,088,815
2006 $4,220,019,845 $1,268,319,185
2005 $4,282,468,637 $1,135,555,556
2004 $5,300,767,961 $1,066,666,667
2003 $5,025,167,975 $987,407,407
2002 $4,301,608,753 $900,000,000
2001 $4,125,527,603 $892,592,593
2000 $4,367,458,867 $932,592,593
1999 $5,046,806,783 $921,851,852
1998 $5,232,118,046 $877,407,407
1997 $5,516,916,163 $805,925,926
1996 $5,641,243,100 $788,888,889
1995 $5,385,704,166 $762,962,963
1994 $4,932,800,407 $713,703,704
1993 $4,781,166,117 $684,814,815
1992 $4,789,220,417 $674,074,074
1991 $4,396,178,694 $613,703,704
1990 $3,888,320,666 $579,629,630
1989 $3,546,079,263 $486,666,667
1988 $3,476,480,303 $429,629,630
1987 $2,976,714,019 $375,555,556
1986 $2,909,130,355 $340,000,000
1985 $22,787,644,566 $284,444,444
1984 $18,421,497,251 $251,481,481
1983 $15,129,893,722 $197,037,037
1982 $11,926,032,493 $183,333,333
1981 $9,646,440,667 $194,444,444
1980 $9,746,524,915 $170,370,370
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/saint-lucia | CC BY

GDP per capita in Guinea vs Saint Lucia by year

Guinea
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $14,182 $27,567
2023 $1,555 $4,334 $13,555 $25,975
2022 $1,417 $4,062 $13,104 $24,599
2021 $1,245 $3,739 $10,459 $19,101
2020 $1,054 $3,332 $8,411 $14,912
2019 $1,031 $3,106 $11,794 $18,710
2018 $933 $2,844 $11,643 $17,433
2017 $834 $2,687 $11,333 $16,131
2016 $712 $2,255 $10,638 $15,307
2015 $747 $1,930 $10,335 $14,353
2014 $765 $1,873 $10,045 $14,403
2013 $748 $1,842 $9,577 $14,010
2012 $699 $1,790 $9,260 $13,443
2011 $637 $1,705 $9,129 $13,471
2010 $659 $1,622 $8,674 $12,718
2009 $662 $1,567 $8,251 $12,600
2008 $704 $1,614 $8,517 $12,969
2007 $650 $1,558 $7,964 $12,199
2006 $447 $1,453 $7,611 $11,758
2005 $463 $1,422 $6,863 $10,818
2004 $585 $1,366 $6,495 $10,610
2003 $566 $1,328 $6,059 $9,707
2002 $496 $1,315 $5,568 $9,205
2001 $483 $1,251 $5,570 $9,106
2000 $518 $1,196 $5,880 $9,314
1999 $611 $1,163 $5,883 $9,214
1998 $647 $1,130 $5,673 $8,965
1997 $696 $1,099 $5,282 $8,456
1996 $726 $1,048 $5,244 $8,490
1995 $713 $1,014 $5,148 $8,222
1994 $672 $976 $4,892 $8,041
1993 $671 $947 $4,765 $7,865
1992 $693 $908 $4,760 $7,753
1991 $656 $887 $4,399 $7,127
1990 $604 $871 $4,205 $6,951
1989 $570 - $3,565 -
1988 $574 - $3,182 -
1987 $505 - $2,819 -
1986 $506 - $2,591 -
1985 $4,062 - $2,202 -
1984 $3,362 - $1,979 -
1983 $2,823 - $1,576 -
1982 $2,273 - $1,489 -
1981 $1,876 - $1,605 -
1980 $1,931 - $1,428 -
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/saint-lucia | CC BY

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Guinea Saint Lucia
Gross domestic product
$25B
2024
$2.55B
2024
GDP rank
118/197
2024
173/197
2024
GDP growth
5.35%
2023-2024
3.89%
2023-2024
GDP per capita
$1,695
2024
$14,182
2024
GDP per capita rank
160/197
2024
70/197
2024
GDP per capita, PPP
$4,565
2024
$27,567
2024
GDP per capita PPP rank
161/197
2024
75/197
2024
Government debt
$12.2B
2024
$1.97B
2024
Debt-to-GDP ratio
48.8%
2024
77.2%
2024
Government debt per person
$828
2024
$10,952
2024
Government debt per person rank
147/185
2024
52/185
2024
Average annual personal income after taxes
$20,020
2026
$10,412
2026
Income share by richest 10%
23.1%
2018
34.1%
2015
Income share by poorest 10%
3.5%
2018
2.1%
2015
Government expenditure, % of GDP
20.6%
2024
24.5%
2024
Consumer prices inflation
4.7%
2023-2024
-0.11%
2023-2024
Unemployment rate
5.02%
2019
10.1%
2024
Population
15546235
180638

Spending and national debt comparison by year

Guinea
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Guinea Saint Lucia
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 24.5% 77.2%
2023 18.3% 40.4% 25.6% 76.6%
2022 15.7% 37.9% 23% 74.4%
2021 15.1% 40.6% 27.4% 87%
2020 17.1% 45.3% 34.9% 100%
2019 14.9% 37.3% 25.1% 62.1%
2018 15.9% 37.5% 23.2% 60.5%
2017 17.3% 39.9% 23.3% 60.4%
2016 16.1% 40.6% 23% 61.3%
2015 21.7% 41.5% 23.7% 61.1%
2014 20.1% 32.1% 23.6% 62.4%
2013 18.6% 30.5% 25.4% 62.1%
2012 19.6% 26.9% 28% 60.8%
2011 16% 53.8% 27% 55.2%
2010 20.5% 71.1% 26% 53%
2009 16.2% 61.3% 24.5% 51%
2008 10.1% 58.5% 22.2% 46.7%
2007 8.66% 60.8% 22.6% 49.1%
2006 13.2% 95.2% 24.7% 48.6%
2005 11% 97.9% 26% 51.9%
2004 13% 86.9% 22.9% 49.6%
2003 14.7% 81.6% 22.9% 45.6%
2002 14.4% 82.6% 23.6% 48.8%
2001 14.9% 90.4% 22.1% 38.1%
2000 12.6% 91.5% 20.7% 32.5%
1999 11.6% 92.3% 20.9% 28.9%
1998 10.3% 75.9% 18.8% 29.4%
1997 12.6% 67.9% 19.5% 27.2%
1996 12% 67.7% 18.9% 24.1%
1995 12.7% 66.5% 19.2% 22.9%
1994 12.6% 71.3% 19.1% 23.8%
1993 13.3% 68.9% 21.8% 22.9%
1992 13.8% 62% 18.4% 22.2%
1991 16.3% 70.9% 18.4% 19.8%
1990 18.7% 71.6% 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/guinea/saint-lucia | CC BY

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 77.2% in Saint Lucia, ranking 111/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Guinea Saint Lucia
2024 -4.99% -2.13%
2023 -3.86% -3.09%
2022 -1.88% -1.67%
2021 -1.7% -5.1%
2020 -3.08% -12%
2019 -0.17% -3.51%
2018 -0.97% -1.03%
2017 -1.98% -1.14%
2016 -0.08% -0.79%
2015 -6.53% -2.35%
2014 -3.01% -3.08%
2013 -3.86% -4.84%
2012 23.7% -7.62%
2011 -0.92% -5.38%
2010 -9.66% -4.17%
2009 -4.87% -2.67%
2008 0.38% -0.72%
2007 1.28% -1.62%
2006 -2.13% -5.07%
2005 -1.06% -6.18%
2004 -3.85% -2.63%
2003 -4.65% -3.23%
2002 -3.37% -3.1%
2001 -3.23% -3.08%
2000 -2.42% -1.16%
1999 -1.3% 1.62%
1998 2.46% 2.25%
1997 0.07% -1.13%
1996 -2.2% -0.58%
1995 -1.07% -0.13%
1994 -2.59% -0.02%
1993 -2.33% -0.26%
1992 -0.89% -0.66%
1991 -3.25% -0.43%
1990 -3.76% 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/guinea/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Saint Lucia ran a deficit in 32 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 2.47% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Guinea

Saint Lucia
1x
Year Consumer prices inflation
Guinea Saint Lucia
2024 4.7% -0.11%
2023 5.4% 4.07%
2022 10.5% 6.38%
2021 12.6% 2.41%
2020 10.6% -1.76%
2019 9.5% 0.54%
2018 9.8% 1.94%
2017 8.9% 0.1%
2016 8.2% -3.08%
2015 8.2% -0.98%
2014 9.7% 3.52%
2013 11.9% 1.47%
2012 15.2% 4.18%
2011 21.4% 2.77%
2010 15.5% 3.25%
2009 4.7% -0.16%
2008 18.4% 5.55%
2007 22.9% 2.82%
2006 34.7% 2.4%
2005 31.4% 3.9%
2004 17.5% 1.46%
2003 11% 1.03%
2002 3% -0.26%
2001 5.4% 5.31%
2000 6.8% 3.71%
1999 4.6% 3.5%
1998 5.1% 3.2%
1997 1.9% -0.006%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/guinea/saint-lucia | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 2.04% in Saint Lucia. In 2024, inflation was 4.7% in Guinea and -0.11% in Saint Lucia.

Balance of trade

Guinea Saint Lucia
Current account balance
-$392M
2024
-$64.1M
2024
Current account balance ranking
104/190
2024
86/190
2024
Current account balance, % of GDP
-1.57%
2024
-2.52%
2024
Goods imports
$7.08B
2024
$848M
2024
Goods exports
$11.6B
2024
$137M
2024
Service imports
$3.15B
2024
$598M
2024
Service exports
$71.2M
2024
$1.46B
2024
Imports of goods and services, % of GDP
56.4%
2024
n/a
Exports of goods and services, % of GDP
41.4%
2024
19%
2025

Economic freedom indices

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

Guinea Saint Lucia
Economic freedom 53.1 67.5
Economic freedom ranking 141/197 57/197
Property rights 21.3 64.3
Government integrity 26.7 59.7
Judicial effectiveness 26 77.3
Tax burden 70.1 77.7
Government spending 90.1 82.6
Fiscal health 74.8 80
Business freedom 44.8 71.9
Labor freedom 56.4 65.2
Monetary freedom 75.3 81
Trade freedom 61.8 60
Investment freedom 50 50
Financial freedom 40 40

Economic freedom comparison by year

Guinea
Saint Lucia
1x
Year Economic freedom index
Guinea Saint Lucia
2026 53.1 67.5
2025 54.6 67
2024 53.3 62.2
2023 53.2 60.7
2022 54.2 64.3
2021 56.5 67.5
2020 56.5 68.2
2019 55.7 68.7
2018 52.2 67.6
2017 47.6 65
2016 53.3 70
2015 52.1 70.2
2014 53.5 70.7
2013 51.2 70.4
2012 50.8 71.3
2011 51.7 70.8
2010 51.8 70.5
2009 51 68.8
2008 52.8 -
2007 54.5 -
2006 52.8 -
2005 57.4 -
2004 56.1 -
2003 54.6 -
2002 52.9 -
2001 58.4 -
2000 58.2 -
1999 59.4 -
1998 61 -
1997 52.9 -
1996 58.5 -
1995 59.4 -

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

GeoRank.org/economy/guinea/saint-lucia | CC BY

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Saint Lucia
Services, % of GDP
36.3%
2024
75.9%
2024
Industry, % of GDP
25.1%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
1.13%
2024
GNI, Atlas method
$21.3B
2024
$2.27B
2024
GNI per capita, PPP
$4,130
2024
$24,840
2024
Total reserves including gold
$1.89B
2023
$406M
2024
Total reserves ranking
128/177
2023
162/177
2024
Net foreign direct investment
-$1.4B
2024
-$187M
2024
Net inflows of foreign direct investment
$1.4B
2024
$187M
2024
Net outflows of foreign direct investment
$30K
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
3.42%
2024
Poverty at national poverty lines
47%
2020
25%
2016
Gross capital formation, % of GDP
32.1%
2024
n/a

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/saint-lucia | CC BY

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.