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Economy of Guinea vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $1.16B for Saint Vincent, ranking 118/197 and 186/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Guinea vs Saint Vincent GDP by year

Guinea
Saint Vincent
1x
Year GDP, current $
Guinea Saint Vincent
2024 $25,008,678,293 $1,157,207,407
2023 $22,407,615,556 $1,072,237,037
2022 $19,910,452,542 $989,188,889
2021 $17,069,115,738 $888,677,778
2020 $14,088,693,743 $864,566,667
2019 $13,442,861,496 $910,481,481
2018 $11,857,030,367 $884,329,630
2017 $10,324,668,271 $844,040,741
2016 $8,595,955,222 $814,303,704
2015 $8,794,201,743 $786,555,556
2014 $8,778,473,373 $770,900,000
2013 $8,376,613,539 $764,781,259
2012 $7,638,044,557 $730,032,593
2011 $6,785,137,203 $713,796,370
2010 $6,853,467,146 $720,447,889
2009 $6,716,905,340 $714,300,259
2008 $6,964,179,983 $732,663,259
2007 $6,281,918,226 $713,596,667
2006 $4,220,019,845 $643,501,148
2005 $4,282,468,637 $579,948,926
2004 $5,300,767,961 $549,900,185
2003 $5,025,167,975 $509,090,889
2002 $4,301,608,753 $487,763,852
2001 $4,125,527,603 $462,072,333
2000 $4,367,458,867 $427,946,037
1999 $5,046,806,783 $390,718,519
1998 $5,232,118,046 $373,618,519
1997 $5,516,916,163 $347,770,370
1996 $5,641,243,100 $331,488,889
1995 $5,385,704,166 $316,007,407
1994 $4,932,800,407 $289,437,037
1993 $4,781,166,117 $286,307,407
1992 $4,789,220,417 $277,955,556
1991 $4,396,178,694 $254,829,630
1990 $3,888,320,666 $240,366,667
1989 $3,546,079,263 $214,745,002
1988 $3,476,480,303 $200,726,713
1987 $2,976,714,019 $175,580,647
1986 $2,909,130,355 $160,846,657
1985 $22,787,644,566 $145,641,705
1984 $18,421,497,251 $135,024,988
1983 $15,129,893,722 $122,255,350
1982 $11,926,032,493 $113,759,203
1981 $9,646,440,667 $102,086,539
1980 $9,746,524,915 $82,340,340
1979 $8,877,094,497 $71,096,360
1978 $8,087,305,999 $60,844,771
1977 $6,914,381,291 $49,353,162
1976 $6,762,781,871 $32,792,845
1975 $6,102,769,605 $33,237,226
1974 $5,691,417,541 $32,923,703
1973 $5,152,080,388 $30,165,081
1972 $4,203,069,035 $27,585,805
1971 $3,594,302,908 $20,051,922
1970 $3,220,224,608 $18,450,000
1969 - $16,650,000
1968 - $15,350,000
1967 - $15,835,106
1966 - $16,099,960
1965 - $15,108,296
1964 - $14,758,296
1963 - $13,708,299
1962 - $14,524,964
1961 - $13,999,965
1960 - $13,066,634

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea vs Saint Vincent by year

Guinea
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $11,501 $21,272
2023 $1,555 $4,334 $10,582 $19,820
2022 $1,417 $4,062 $9,694 $18,035
2021 $1,245 $3,739 $8,641 $16,201
2020 $1,054 $3,332 $8,351 $15,337
2019 $1,031 $3,106 $8,741 $15,340
2018 $933 $2,844 $8,428 $14,690
2017 $834 $2,687 $7,988 $13,575
2016 $712 $2,255 $7,657 $13,493
2015 $747 $1,930 $7,354 $12,379
2014 $765 $1,873 $7,169 $12,136
2013 $748 $1,842 $7,072 $11,625
2012 $699 $1,790 $6,714 $10,989
2011 $637 $1,705 $6,528 $10,774
2010 $659 $1,622 $6,552 $10,561
2009 $662 $1,567 $6,464 $10,869
2008 $704 $1,614 $6,599 $10,902
2007 $650 $1,558 $6,398 $10,604
2006 $447 $1,453 $5,745 $9,949
2005 $463 $1,422 $5,157 $8,986
2004 $585 $1,366 $4,873 $8,472
2003 $566 $1,328 $4,500 $7,903
2002 $496 $1,315 $4,303 $7,250
2001 $483 $1,251 $4,071 $6,768
2000 $518 $1,196 $3,769 $6,503
1999 $611 $1,163 $3,447 $6,266
1998 $647 $1,130 $3,301 $6,026
1997 $696 $1,099 $3,074 $5,726
1996 $726 $1,048 $2,930 $5,440
1995 $713 $1,014 $2,795 $5,277
1994 $672 $976 $2,563 $4,802
1993 $671 $947 $2,540 $4,769
1992 $693 $908 $2,471 $4,477
1991 $656 $887 $2,271 $4,126
1990 $604 $871 $2,150 $3,960
1989 $570 - $1,930 -
1988 $574 - $1,814 -
1987 $505 - $1,596 -
1986 $506 - $1,472 -
1985 $4,062 - $1,342 -
1984 $3,362 - $1,254 -
1983 $2,823 - $1,144 -
1982 $2,273 - $1,074 -
1981 $1,876 - $972 -
1980 $1,931 - $790 -
1979 $1,790 - $687 -
1978 $1,658 - $592 -
1977 $1,440 - $484 -
1976 $1,431 - $324 -
1975 $1,311 - $331 -
1974 $1,243 - $331 -
1973 $1,143 - $306 -
1972 $948 - $282.1 -
1971 $825 - $207 -
1970 $753 - $192.3 -
1969 - - $175.2 -
1968 - - $163.1 -
1967 - - $170 -
1966 - - $174.9 -
1965 - - $166.2 -
1964 - - $164.4 -
1963 - - $154.9 -
1962 - - $166.5 -
1961 - - $163 -
1960 - - $154.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Guinea Saint Vincent
Gross domestic product
$25B
2024
$1.16B
2024
GDP rank
118/197
2024
186/197
2024
GDP growth
5.35%
2023-2024
4.06%
2023-2024
GDP per capita
$1,695
2024
$11,501
2024
GDP per capita rank
160/197
2024
81/197
2024
GDP per capita, PPP
$4,565
2024
$21,272
2024
GDP per capita PPP rank
161/197
2024
92/197
2024
Government debt
$12.2B
2024
$1.07B
2024
Debt-to-GDP ratio
48.8%
2024
92.7%
2024
Government debt per person
$828
2024
$10,659
2024
Government debt per person rank
147/185
2024
56/185
2024
Average annual personal income after taxes
$20,020
2026
$12,573
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
20.6%
2024
39.1%
2024
Consumer prices inflation
4.7%
2023-2024
3.63%
2023-2024
Unemployment rate
5.02%
2019
18.8%
2008
Population
15546235
99237

Spending and national debt comparison by year

Guinea
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Guinea Saint Vincent
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 39.1% 92.7%
2023 18.3% 40.4% 38.9% 89.4%
2022 15.7% 37.9% 36.6% 86.3%
2021 15.1% 40.6% 37.2% 88.4%
2020 17.1% 45.3% 32.9% 80.2%
2019 14.9% 37.3% 29.2% 68.2%
2018 15.9% 37.5% 26.3% 69.4%
2017 17.3% 39.9% 26.6% 69%
2016 16.1% 40.6% 27.1% 79.4%
2015 21.7% 41.5% 27.6% 75.1%
2014 20.1% 32.1% 30.4% 75%
2013 18.6% 30.5% 29.4% 69.9%
2012 19.6% 26.9% 26.5% 68.1%
2011 16% 53.8% 29.4% 64%
2010 20.5% 71.1% 31.1% 61.1%
2009 16.2% 61.3% 31% 57.2%
2008 10.1% 58.5% 28.4% 50.3%
2007 8.66% 60.8% 27.1% 48.5%
2006 13.2% 95.2% 26.1% 44.7%
2005 11% 97.9% 26.7% 50.5%
2004 13% 86.9% 24.9% 58.6%
2003 14.7% 81.6% 26% 55.3%
2002 14.4% 82.6% 25.7% 53.2%
2001 14.9% 90.4% 24.4% 52%
2000 12.6% 91.5% 23.8% 54.3%
1999 11.6% 92.3% 25.2% 52.9%
1998 10.3% 75.9% 25.2% 39.5%
1997 12.6% 67.9% 26% 38.8%
1996 12% 67.7% 20.9% 40.7%
1995 12.7% 66.5% 19.9% 46.8%
1994 12.6% 71.3% 22.4% 52.8%
1993 13.3% 68.9% 22.3% 48.1%
1992 13.8% 62% 25.4% 49.6%
1991 16.3% 70.9% 25.5% 52.1%
1990 18.7% 71.6% 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 92.7% in Saint Vincent, ranking 111/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Guinea Saint Vincent
2024 -4.99% -12.9%
2023 -3.86% -12%
2022 -1.88% -9.35%
2021 -1.7% -7.19%
2020 -3.08% -5.92%
2019 -0.17% -3.45%
2018 -0.97% -1.65%
2017 -1.98% -1.56%
2016 -0.08% 0.04%
2015 -6.53% -2.01%
2014 -3.01% -2.82%
2013 -3.86% -5.81%
2012 23.7% -1.81%
2011 -0.92% -3.5%
2010 -9.66% -3.7%
2009 -4.87% -2.85%
2008 0.38% -1.3%
2007 1.28% -3.07%
2006 -2.13% -3.13%
2005 -1.06% -4.3%
2004 -3.85% -2.71%
2003 -4.65% -2.51%
2002 -3.37% -2%
2001 -3.23% -1.6%
2000 -2.42% -0.82%
1999 -1.3% -1.93%
1998 2.46% -1.81%
1997 0.07% -2.77%
1996 -2.2% 1.57%
1995 -1.07% 1.08%
1994 -2.59% 0.12%
1993 -2.33% -1.46%
1992 -0.89% -3.25%
1991 -3.25% -0.47%
1990 -3.76% 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/guinea/saint-vincent | 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 Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Saint Vincent ran a deficit in 30 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 3% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Guinea

Saint Vincent
1x
Year Consumer prices inflation
Guinea Saint Vincent
2024 4.7% 3.63%
2023 5.4% 4.56%
2022 10.5% 5.66%
2021 12.6% 1.57%
2020 10.6% -0.63%
2019 9.5% 0.91%
2018 9.8% 2.32%
2017 8.9% 2.15%
2016 8.2% -0.15%
2015 8.2% -1.73%
2014 9.7% 0.19%
2013 11.9% 0.81%
2012 15.2% 2.6%
2011 21.4% 3.19%
2010 15.5% 0.75%
2009 4.7% 0.42%
2008 18.4% 10.1%
2007 22.9% 7.24%
2006 34.7% 2.74%
2005 31.4% 3.73%
2004 17.5% 2.96%
2003 11% 0.21%
2002 3% 1.86%
2001 5.4% 0.9%
2000 6.8% 0.17%
1999 4.6% 1.01%
1998 5.1% 2.14%
1997 1.9% 0.44%

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-vincent | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 2.13% in Saint Vincent. In 2024, inflation was 4.7% in Guinea and 3.63% in Saint Vincent.

Balance of trade

Guinea Saint Vincent
Current account balance
-$392M
2024
-$157M
2024
Current account balance ranking
104/190
2024
93/190
2024
Current account balance, % of GDP
-1.57%
2024
-13.5%
2024
Goods imports
$7.08B
2024
$445M
2024
Goods exports
$11.6B
2024
$59.2M
2024
Service imports
$3.15B
2024
$196M
2024
Service exports
$71.2M
2024
$366M
2024
Imports of goods and services, % of GDP
56.4%
2024
n/a
Exports of goods and services, % of GDP
41.4%
2024
15.3%
2025

Economic freedom indices

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

Guinea Saint Vincent
Economic freedom 53.1 60
Economic freedom ranking 141/197 98/197
Property rights 21.3 65.2
Government integrity 26.7 63.3
Judicial effectiveness 26 76.9
Tax burden 70.1 82
Government spending 90.1 56.2
Fiscal health 74.8 2.8
Business freedom 44.8 67.3
Labor freedom 56.4 60.1
Monetary freedom 75.3 77.3
Trade freedom 61.8 58.8
Investment freedom 50 70
Financial freedom 40 40

Economic freedom comparison by year

Guinea
Saint Vincent
1x
Year Economic freedom index
Guinea Saint Vincent
2026 53.1 60
2025 54.6 60.1
2024 53.3 59.8
2023 53.2 63.5
2022 54.2 65.7
2021 56.5 66.3
2020 56.5 66.8
2019 55.7 65.8
2018 52.2 67.7
2017 47.6 65.2
2016 53.3 68.8
2015 52.1 68
2014 53.5 67
2013 51.2 66.7
2012 50.8 66.5
2011 51.7 66.9
2010 51.8 66.9
2009 51 64.3
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-vincent | CC BY

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Saint Vincent
Services, % of GDP
36.3%
2024
66.4%
2024
Industry, % of GDP
25.1%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
3.55%
2024
GNI, Atlas method
$21.3B
2024
$1.11B
2024
GNI per capita, PPP
$4,130
2024
$21,150
2024
Total reserves including gold
$1.89B
2023
$317M
2024
Total reserves ranking
128/177
2023
167/177
2024
Net foreign direct investment
-$1.4B
2024
-$74M
2024
Net inflows of foreign direct investment
$1.4B
2024
$139M
2024
Net outflows of foreign direct investment
$30K
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
3.84%
2024
Poverty at national poverty lines
47%
2020
n/a
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-vincent | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (1984–1989, 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.