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Economy of Guinea vs San Marino compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $2.03B for San Marino, ranking 117/197 and 180/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $1.39B (60.6% of GDP) in San Marino.

Guinea vs San Marino GDP by year

Guinea
San Marino
1x
Year GDP, current $
Guinea San Marino
2025 $28,346,024,753 -
2024 $25,008,678,293 -
2023 $22,407,615,556 $2,027,243,194
2022 $19,910,452,542 $1,831,701,023
2021 $17,069,115,738 $1,855,395,712
2020 $14,088,693,743 $1,544,713,785
2019 $13,442,861,496 $1,616,231,696
2018 $11,857,030,367 $1,655,354,329
2017 $10,324,668,271 $1,528,621,193
2016 $8,595,955,222 $1,468,342,400
2015 $8,794,201,743 $1,419,400,396
2014 $8,778,473,373 $1,673,910,988
2013 $8,376,613,539 $1,678,741,202
2012 $7,638,044,557 $1,604,701,051
2011 $6,785,137,203 $1,813,717,695
2010 $6,853,467,146 $1,881,191,950
2009 $6,716,905,340 $2,064,277,984
2008 $6,964,179,983 $2,403,214,436
2007 $6,281,918,226 $2,188,653,429
2006 $4,220,019,845 $1,909,765,811
2005 $4,282,468,637 $1,786,513,631
2004 $5,300,767,961 $1,715,341,295
2003 $5,025,167,975 $1,462,590,387
2002 $4,301,608,753 $1,148,872,076
2001 $4,125,527,603 $1,059,529,731
2000 $4,367,458,867 $1,007,661,291
1999 $5,046,806,783 $1,109,473,282
1998 $5,232,118,046 $1,048,316,226
1997 $5,516,916,163 $976,606,911
1996 $5,641,243,100 -
1995 $5,385,704,166 -
1994 $4,932,800,407 -
1993 $4,781,166,117 -
1992 $4,789,220,417 -
1991 $4,396,178,694 -
1990 $3,888,320,666 -
1989 $3,546,079,263 -
1988 $3,476,480,303 -
1987 $2,976,714,019 -
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 (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea/san-marino | CC BY

GDP per capita in Guinea vs San Marino by year

Guinea
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - - -
2024 $1,695 $4,565 - -
2023 $1,555 $4,334 $59,871 $78,745
2022 $1,417 $4,062 $54,265 $75,941
2021 $1,245 $3,739 $54,169 $64,745
2020 $1,054 $3,332 $44,427 $55,207
2019 $1,031 $3,106 $46,627 $57,444
2018 $933 $2,844 $47,951 $54,461
2017 $834 $2,687 $45,192 $52,463
2016 $712 $2,255 $44,359 $53,033
2015 $747 $1,930 $43,147 $52,247
2014 $765 $1,873 $51,260 $52,909
2013 $748 $1,842 $50,808 $50,770
2012 $699 $1,790 $47,946 $51,274
2011 $637 $1,705 $55,601 $56,240
2010 $659 $1,622 $56,543 $58,926
2009 $662 $1,567 $62,429 $61,970
2008 $704 $1,614 $75,902 $71,724
2007 $650 $1,558 $70,124 $71,744
2006 $447 $1,453 $63,271 $67,434
2005 $463 $1,422 $59,878 $63,739
2004 $585 $1,366 $58,232 $61,114
2003 $566 $1,328 $52,530 $60,224
2002 $496 $1,315 $41,791 $57,584
2001 $483 $1,251 $39,035 $57,252
2000 $518 $1,196 $37,601 $53,713
1999 $611 $1,163 $41,932 $52,064
1998 $647 $1,130 $40,127 $47,679
1997 $696 $1,099 $37,853 $44,426
1996 $726 $1,048 - -
1995 $713 $1,014 - -
1994 $672 $976 - -
1993 $671 $947 - -
1992 $693 $908 - -
1991 $656 $887 - -
1990 $604 $871 - -
1989 $570 - - -
1988 $574 - - -
1987 $505 - - -
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 (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea/san-marino | CC BY

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $59,871 in San Marino, ranking 20/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while San Marino ranks 17th at $78,745.

Economic indicators

Guinea San Marino
Gross domestic product
$28.3B
2025
$2.03B
2023
GDP rank
117/197
2025
180/197
2023
GDP growth
7.45%
2024-2025
0.4%
2022-2023
GDP per capita
$1,877
2025
$59,871
2023
GDP per capita rank
161/197
2025
20/197
2023
GDP per capita, PPP
$4,565
2024
$78,745
2023
GDP per capita PPP rank
161/197
2024
17/197
2023
Government debt
$13.6B
2025
$1.39B
2023
Debt-to-GDP ratio
48.1%
2025
60.6%
2025
Government debt per person
$902
2025
$40,914
2023
Government debt per person rank
146/185
2025
17/185
2023
Average annual personal income after taxes
$1,966
2026
$46,440
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
25.2%
2025
22%
2025
Consumer prices inflation
3.1%
2024-2025
2.3%
2024-2025
Unemployment rate
5.02%
2019
4.92%
2022
Population
15624314
34159

Spending and national debt comparison by year

Guinea
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Guinea San Marino
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 22% 60.6%
2024 20.6% 48.3% 20.9% 62.9%
2023 18.3% 39.8% 21.7% 68.3%
2022 15.7% 37.2% 21.7% 70.6%
2021 15.1% 40.6% 37.1% 77.2%
2020 17.1% 45.3% 59.2% 69.8%
2019 14.9% 37.3% 22.4% 56.2%
2018 15.9% 37.5% 24.5% 56.7%
2017 17.3% 39.9% 25.6% 56.6%
2016 16.1% 40.6% 23.4% 21.4%
2015 21.7% 41.5% 26.3% 19.3%
2014 20.1% 32.1% 23.7% 21%
2013 18.6% 30.5% 30.2% 23.2%
2012 19.6% 26.9% 30.6% 17.2%
2011 16% 53.8% 25.4% 16.6%
2010 20.5% 71.1% 24.4% 20%
2009 16.2% 61.3% 24.8% 20.1%
2008 10.1% 58.5% 22% 15.5%
2007 8.66% 60.8% 20.7% 12.6%
2006 13.2% 95.2% 19.7% 14.2%
2005 11% 97.9% 19.3% 14.5%
2004 13% 86.9% 19% 16.9%
2003 14.7% 81.6% - 16.1%
2002 14.4% 82.6% - 17.2%
2001 14.9% 90.4% - 11.6%
2000 12.6% 91.5% - -
1999 11.6% 92.3% - -
1998 10.3% 75.9% - -
1997 12.6% 67.9% - -
1996 12% 67.7% - -
1995 12.7% 66.5% - -
1994 12.6% 71.3% - -
1993 13.3% 68.9% - -
1992 13.8% 62% - -
1991 16.3% 70.9% - -
1990 18.7% 71.6% - -

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

GeoRank.org/economy/guinea/san-marino | CC BY

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while San Marino spent $439M, or 22% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 60.6% in San Marino, ranking 111/185 and 75/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

San Marino
1x
Year Deficit/surplus, % of GDP
Guinea San Marino
2025 -7% -1%
2024 -4.99% 0.39%
2023 -3.86% -0.72%
2022 -1.88% 0.42%
2021 -1.7% -16.4%
2020 -3.08% -37.6%
2019 -0.17% -0.11%
2018 -0.97% -1.56%
2017 -1.98% -3.49%
2016 -0.08% -0.19%
2015 -6.53% -3.32%
2014 -3.01% 1.06%
2013 -3.86% -7.74%
2012 23.7% -7.08%
2011 -0.92% -4.05%
2010 -9.66% -2.24%
2009 -4.87% -2.46%
2008 0.38% 0.18%
2007 1.28% 1.83%
2006 -2.13% 1.51%
2005 -1.06% 3.58%
2004 -3.85% 2.44%
2003 -4.65% -
2002 -3.37% -
2001 -3.23% -
2000 -2.42% -
1999 -1.3% -
1998 2.46% -
1997 0.07% -
1996 -2.2% -
1995 -1.07% -
1994 -2.59% -
1993 -2.33% -
1992 -0.89% -
1991 -3.25% -
1990 -3.76% -

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

GeoRank.org/economy/guinea/san-marino | CC BY

In 2023, Guinea's government deficit, the difference between spending and revenue, was $865M, equivalent to 3.86% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, Guinea recorded a fiscal deficit in 17 of those years, while San Marino ran a deficit in 13 years. On average, Guinea posted an annual deficit equal to 1.21% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Guinea

San Marino
1x
Year Consumer prices inflation
Guinea San Marino
2025 3.1% 2.3%
2024 4.5% 1.2%
2023 5.4% 5.9%
2022 10.5% 5.3%
2021 12.6% 1.6%
2020 10.6% -0.1%
2019 9.5% 0.5%
2018 9.8% 1.2%
2017 8.9% 1%
2016 8.2% 0.6%
2015 8.2% 0.1%
2014 9.7% 1.1%
2013 11.9% 1.6%
2012 15.2% 2.8%
2011 21.4% 2.2%
2010 15.5% 2.4%
2009 4.7% 2.4%
2008 18.4% 4.1%
2007 22.9% 2.5%
2006 34.7% 2.1%
2005 31.4% 1.7%
2004 17.5% 1.4%
2003 11% 1.3%
2002 3% -
2001 5.4% -
2000 6.8% -
1999 4.6% -
1998 5.1% -
1997 1.9% -

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

GeoRank.org/economy/guinea/san-marino | CC BY

Over the past 23 years, Guinea has recorded an average annual inflation rate of 13.3%, compared with 1.97% in San Marino. In 2025, inflation was 3.1% in Guinea and 2.3% in San Marino.

Balance of trade

Guinea San Marino
Current account balance
-$392M
2024
$446M
2023
Current account balance ranking
101/190
2024
60/190
2023
Current account balance, % of GDP
-1.57%
2024
+22%
2023
Goods imports
$7.08B
2024
$2.25B
2023
Goods exports
$11.6B
2024
$2.53B
2023
Service imports
$3.15B
2024
$894M
2023
Service exports
$71.2M
2024
$1.25B
2023
Imports of goods and services, % of GDP
62.3%
2025
155%
2023
Exports of goods and services, % of GDP
41.4%
2025
186%
2023

Economic freedom indices

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

Guinea San Marino
Economic freedom 53.1 76
Economic freedom ranking 141/197 16/197
Property rights 21.3 n/a
Government integrity 26.7 n/a
Judicial effectiveness 26 n/a
Tax burden 70.1 n/a
Government spending 90.1 n/a
Fiscal health 74.8 n/a
Business freedom 44.8 n/a
Labor freedom 56.4 n/a
Monetary freedom 75.3 n/a
Trade freedom 61.8 n/a
Investment freedom 50 n/a
Financial freedom 40 n/a

Other economic metrics

Guinea San Marino
Services, % of GDP
35.7%
2025
56.9%
2023
Industry, % of GDP
25.4%
2025
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
0.02%
2023
GNI, Atlas method
$26.2B
2025
$1.83B
2023
GNI per capita, PPP
$4,730
2025
$71,920
2023
Total reserves including gold
$1.35B
2024
$861M
2025
Total reserves ranking
137/177
2024
144/177
2025
Net foreign direct investment
-$1.4B
2024
$52.7M
2023
Net inflows of foreign direct investment
$1.4B
2024
-$18.1M
2023
Net outflows of foreign direct investment
$30K
2024
$0
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
16.6%
2023

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/san-marino | 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. 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.