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Economy of Guinea vs Seychelles compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $2.17B for the Seychelles, ranking 118/197 and 178/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Guinea vs Seychelles GDP by year

Guinea
Seychelles
1x
Year GDP, current $
Guinea Seychelles
2024 $25,008,678,293 $2,167,239,562
2023 $22,407,615,556 $2,187,379,755
2022 $19,910,452,542 $2,018,346,589
2021 $17,069,115,738 $1,487,173,795
2020 $14,088,693,743 $1,382,551,752
2019 $13,442,861,496 $1,868,690,097
2018 $11,857,030,367 $1,784,313,927
2017 $10,324,668,271 $1,675,370,641
2016 $8,595,955,222 $1,568,513,348
2015 $8,794,201,743 $1,432,403,352
2014 $8,778,473,373 $1,387,577,870
2013 $8,376,613,539 $1,333,160,407
2012 $7,638,044,557 $1,089,407,839
2011 $6,785,137,203 $1,058,918,707
2010 $6,853,467,146 $981,616,542
2009 $6,716,905,340 $850,901,620
2008 $6,964,179,983 $979,597,394
2007 $6,281,918,226 $1,077,308,814
2006 $4,220,019,845 $1,081,441,283
2005 $4,282,468,637 $977,899,382
2004 $5,300,767,961 $893,012,218
2003 $5,025,167,975 $750,847,230
2002 $4,301,608,753 $742,134,838
2001 $4,125,527,603 $662,064,156
2000 $4,367,458,867 $654,212,394
1999 $5,046,806,783 $662,838,615
1998 $5,232,118,046 $647,287,376
1997 $5,516,916,163 $598,966,982
1996 $5,641,243,100 $535,250,347
1995 $5,385,704,166 $540,733,048
1994 $4,932,800,407 $517,570,058
1993 $4,781,166,117 $504,230,621
1992 $4,789,220,417 $461,409,399
1991 $4,396,178,694 $398,307,170
1990 $3,888,320,666 $392,163,561
1989 $3,546,079,263 $324,333,367
1988 $3,476,480,303 $301,985,618
1987 $2,976,714,019 $265,212,957
1986 $2,909,130,355 $221,147,061
1985 $22,787,644,566 $179,691,483
1984 $18,421,497,251 $160,992,921
1983 $15,129,893,722 $156,098,237
1982 $11,926,032,493 $157,211,790
1981 $9,646,440,667 $163,750,728
1980 $9,746,524,915 $156,783,830
1979 $8,877,094,497 $127,261,099
1978 $8,087,305,999 $85,552,366
1977 $6,914,381,291 $64,526,401
1976 $6,762,781,871 $49,278,982
1975 $6,102,769,605 $47,803,146
1974 $5,691,417,541 $43,134,496
1973 $5,152,080,388 $36,896,280
1972 $4,203,069,035 $30,645,123
1971 $3,594,302,908 $21,965,951
1970 $3,220,224,608 $18,432,032
1969 - $16,452,028
1968 - $16,074,028
1967 - $16,632,032
1966 - $16,443,034
1965 - $15,603,032
1964 - $15,393,032
1963 - $13,923,029
1962 - $12,642,026
1961 - $11,592,024
1960 - $12,012,025

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

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

GDP per capita in Guinea vs Seychelles by year

Guinea
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $17,859 $33,239
2023 $1,555 $4,334 $18,263 $31,781
2022 $1,417 $4,062 $16,837 $29,973
2021 $1,245 $3,739 $14,983 $29,980
2020 $1,054 $3,332 $14,041 $31,056
2019 $1,031 $3,106 $19,142 $34,219
2018 $933 $2,844 $18,440 $32,091
2017 $834 $2,687 $17,480 $30,675
2016 $712 $2,255 $16,567 $28,811
2015 $747 $1,930 $15,333 $25,435
2014 $765 $1,873 $15,188 $24,985
2013 $748 $1,842 $14,821 $22,487
2012 $699 $1,790 $12,337 $22,264
2011 $637 $1,705 $12,110 $21,781
2010 $659 $1,622 $10,935 $18,982
2009 $662 $1,567 $9,747 $18,453
2008 $704 $1,614 $11,265 $18,881
2007 $650 $1,558 $12,669 $19,473
2006 $447 $1,453 $12,783 $17,503
2005 $463 $1,422 $11,802 $15,846
2004 $585 $1,366 $10,828 $14,160
2003 $566 $1,328 $9,070 $14,142
2002 $496 $1,315 $8,864 $14,570
2001 $483 $1,251 $8,153 $14,615
2000 $518 $1,196 $8,064 $14,638
1999 $611 $1,163 $8,243 $13,853
1998 $647 $1,130 $8,210 $13,675
1997 $696 $1,099 $7,747 $13,458
1996 $726 $1,048 $7,004 $11,931
1995 $713 $1,014 $7,181 $10,809
1994 $672 $976 $6,975 $10,692
1993 $671 $947 $6,979 $11,020
1992 $693 $908 $6,520 $10,243
1991 $656 $887 $5,655 $9,387
1990 $604 $871 $5,642 $8,955
1989 $570 - $4,689 -
1988 $574 - $4,392 -
1987 $505 - $3,872 -
1986 $506 - $3,368 -
1985 $4,062 - $2,754 -
1984 $3,362 - $2,488 -
1983 $2,823 - $2,426 -
1982 $2,273 - $2,441 -
1981 $1,876 - $2,557 -
1980 $1,931 - $2,478 -
1979 $1,790 - $2,030 -
1978 $1,658 - $1,377 -
1977 $1,440 - $1,044 -
1976 $1,431 - $814 -
1975 $1,311 - $806 -
1974 $1,243 - $745 -
1973 $1,143 - $649 -
1972 $948 - $547 -
1971 $825 - $402 -
1970 $753 - $344 -
1969 - - $314 -
1968 - - $314 -
1967 - - $333 -
1966 - - $338 -
1965 - - $328 -
1964 - - $332 -
1963 - - $308 -
1962 - - $287 -
1961 - - $270.3 -
1960 - - $288.1 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while the Seychelles ranks 67th at $33,239.

Economic indicators

Guinea Seychelles
Gross domestic product
$25B
2024
$2.17B
2024
GDP rank
118/197
2024
178/197
2024
GDP growth
5.35%
2023-2024
3.47%
2023-2024
GDP per capita
$1,695
2024
$17,859
2024
GDP per capita rank
160/197
2024
63/197
2024
GDP per capita, PPP
$4,565
2024
$33,239
2024
GDP per capita PPP rank
161/197
2024
67/197
2024
Government debt
$12.2B
2024
$1.25B
2024
Debt-to-GDP ratio
48.8%
2024
57.6%
2024
Government debt per person
$828
2024
$10,288
2024
Government debt per person rank
147/185
2024
57/185
2024
Average annual personal income after taxes
$20,020
2026
$10,944
2026
Market capitalization of domestic companies n/a
$811M
2024
Income share by richest 10%
23.1%
2018
23.9%
2018
Income share by poorest 10%
3.5%
2018
2.6%
2018
Government expenditure, % of GDP
20.6%
2024
33.8%
2024
Consumer prices inflation
4.7%
2023-2024
0.31%
2023-2024
Central bank interest rate n/a
1.75%
2024
Unemployment rate
5.02%
2019
2.59%
2024
Population
15546235
126311

Spending and national debt comparison by year

Guinea
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Guinea Seychelles
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 33.8% 57.6%
2023 18.3% 40.4% 32.9% 55.3%
2022 15.7% 37.9% 31.3% 60%
2021 15.1% 40.6% 38.8% 71%
2020 17.1% 45.3% 46.7% 77.4%
2019 14.9% 37.3% 31.7% 48.9%
2018 15.9% 37.5% 33% 51.3%
2017 17.3% 39.9% 34.3% 56.7%
2016 16.1% 40.6% 34.5% 62.8%
2015 21.7% 41.5% 31.5% 64.7%
2014 20.1% 32.1% 33.4% 70.4%
2013 18.6% 30.5% 37.8% 68.2%
2012 19.6% 26.9% 38.6% 80.1%
2011 16% 53.8% 36.4% 82.5%
2010 20.5% 71.1% 34.6% 82.2%
2009 16.2% 61.3% 32.1% 106.1%
2008 10.1% 58.5% 27% 192.1%
2007 8.66% 60.8% 41.9% 144%
2006 13.2% 95.2% 43.6% 135.1%
2005 11% 97.9% 39% 144.1%
2004 13% 86.9% 39.9% 163.2%
2003 14.7% 81.6% 44.6% 177%
2002 14.4% 82.6% 56.3% 195.9%
2001 14.9% 90.4% 46.8% 199.8%
2000 12.6% 91.5% 55.4% 177.8%
1999 11.6% 92.3% 56.1% 159.8%
1998 10.3% 75.9% 60.7% 161.2%
1997 12.6% 67.9% 54.7% 143%
1996 12% 67.7% 59.1% 146.7%
1995 12.7% 66.5% 53.1% 133.5%
1994 12.6% 71.3% 63.6% 123.5%
1993 13.3% 68.9% 60.4% 82.2%
1992 13.8% 62% 50.7% 79.9%
1991 16.3% 70.9% 52.1% 89.2%
1990 18.7% 71.6% 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 57.6% in the Seychelles, ranking 111/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Seychelles
1x
Year Deficit/surplus, % of GDP
Guinea Seychelles
2024 -4.99% -0.69%
2023 -3.86% -1.14%
2022 -1.88% -0.76%
2021 -1.7% -5.76%
2020 -3.08% -15.7%
2019 -0.17% 0.42%
2018 -0.97% -0.8%
2017 -1.98% -1.67%
2016 -0.08% 0.02%
2015 -6.53% 1.39%
2014 -3.01% 2.87%
2013 -3.86% 0.33%
2012 23.7% 2.93%
2011 -0.92% 3.36%
2010 -9.66% 0.52%
2009 -4.87% 4.84%
2008 0.38% 7.88%
2007 1.28% -9.93%
2006 -2.13% -2.54%
2005 -1.06% 0.42%
2004 -3.85% 0.44%
2003 -4.65% 3.4%
2002 -3.37% -16.3%
2001 -3.23% -8.93%
2000 -2.42% -14.7%
1999 -1.3% -10.3%
1998 2.46% -16.7%
1997 0.07% -5.91%
1996 -2.2% -9.69%
1995 -1.07% -2.58%
1994 -2.59% -6.95%
1993 -2.33% -3.62%
1992 -0.89% 6.44%
1991 -3.25% 3.15%
1990 -3.76% 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/guinea/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while the Seychelles ran a deficit in 19 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 2.41% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Guinea

Seychelles
1x
Year Consumer prices inflation
Guinea Seychelles
2024 4.7% 0.31%
2023 5.4% -1.04%
2022 10.5% 2.63%
2021 12.6% 9.77%
2020 10.6% 1.2%
2019 9.5% 1.81%
2018 9.8% 3.7%
2017 8.9% 2.86%
2016 8.2% -1.02%
2015 8.2% 4.04%
2014 9.7% 1.39%
2013 11.9% 4.34%
2012 15.2% 7.11%
2011 21.4% 2.56%
2010 15.5% -2.4%
2009 4.7% 31.8%
2008 18.4% 37%
2007 22.9% 5.32%
2006 34.7% -0.35%
2005 31.4% 0.91%
2004 17.5% 3.86%
2003 11% 3.3%
2002 3% 0.18%
2001 5.4% 5.97%
2000 6.8% 6.27%
1999 4.6% 6.35%
1998 5.1% 2.58%
1997 1.9% 0.62%

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/seychelles | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 5.03% in the Seychelles. In 2024, inflation was 4.7% in Guinea and 0.31% in the Seychelles.

Top exports between countries

Guinea
Export category Export value
Seychelles
Export category Export value
Animal & marine products $62K

Balance of trade

Guinea Seychelles
Current account balance
-$392M
2024
-$176M
2024
Current account balance ranking
104/190
2024
97/190
2024
Current account balance, % of GDP
-1.57%
2024
-8.11%
2024
Goods imports
$7.08B
2024
$1.39B
2024
Goods exports
$11.6B
2024
$595M
2024
Service imports
$3.15B
2024
$1B
2024
Service exports
$71.2M
2024
$1.71B
2024
Imports of goods and services, % of GDP
56.4%
2024
103.2%
2024
Exports of goods and services, % of GDP
41.4%
2024
85.2%
2024

Economic freedom indices

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

Guinea Seychelles
Economic freedom 53.1 66.5
Economic freedom ranking 141/197 60/197
Property rights 21.3 82.6
Government integrity 26.7 71.7
Judicial effectiveness 26 61.7
Tax burden 70.1 77.3
Government spending 90.1 68
Fiscal health 74.8 92.2
Business freedom 44.8 71.3
Labor freedom 56.4 52
Monetary freedom 75.3 79.8
Trade freedom 61.8 81.2
Investment freedom 50 30
Financial freedom 40 30

Economic freedom comparison by year

Guinea
Seychelles
1x
Year Economic freedom index
Guinea Seychelles
2026 53.1 66.5
2025 54.6 66.4
2024 53.3 60.4
2023 53.2 59.5
2022 54.2 61.1
2021 56.5 66.3
2020 56.5 64.3
2019 55.7 61.4
2018 52.2 61.6
2017 47.6 61.8
2016 53.3 62.2
2015 52.1 57.5
2014 53.5 56.2
2013 51.2 54.9
2012 50.8 53
2011 51.7 51.2
2010 51.8 47.9
2009 51 47.8
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/seychelles | CC BY

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Seychelles
Services, % of GDP
36.3%
2024
65.8%
2024
Industry, % of GDP
25.1%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
2.45%
2024
GNI, Atlas method
$21.3B
2024
$2.12B
2024
GNI per capita, PPP
$4,130
2024
$32,180
2024
Total reserves including gold
$1.89B
2023
$774M
2024
Total reserves ranking
128/177
2023
145/177
2024
Net foreign direct investment
-$1.4B
2024
-$262M
2024
Net inflows of foreign direct investment
$1.4B
2024
$226M
2024
Net outflows of foreign direct investment
$30K
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
47%
2020
25.3%
2018
Gross capital formation, % of GDP
32.1%
2024
17.2%
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/seychelles | 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 (1983–1989, 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)
  9. TradeMap (2020, retrieved 2026-02-08)

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.