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Economy of Guinea vs Singapore compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $604B for Singapore, ranking 117/197 and 28/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Guinea vs Singapore GDP by year

Guinea
Singapore
1x
Year GDP, current $
Guinea Singapore
2025 $28,346,024,753 $603,869,516,999
2024 $25,008,678,293 $572,877,260,178
2023 $22,407,615,556 $511,181,761,244
2022 $19,910,452,542 $514,252,535,239
2021 $17,069,115,738 $441,110,903,525
2020 $14,088,693,743 $351,226,533,656
2019 $13,442,861,496 $376,827,390,962
2018 $11,857,030,367 $377,976,367,877
2017 $10,324,668,271 $344,795,119,214
2016 $8,595,955,222 $320,759,207,439
2015 $8,794,201,743 $307,998,545,269
2014 $8,778,473,373 $314,863,580,758
2013 $8,376,613,539 $307,576,360,585
2012 $7,638,044,557 $295,092,888,077
2011 $6,785,137,203 $279,356,499,090
2010 $6,853,467,146 $239,807,980,591
2009 $6,716,905,340 $194,150,283,772
2008 $6,964,179,983 $193,617,323,539
2007 $6,281,918,226 $180,941,701,358
2006 $4,220,019,845 $148,627,286,361
2005 $4,282,468,637 $127,807,848,728
2004 $5,300,767,961 $115,033,593,101
2003 $5,025,167,975 $97,646,401,096
2002 $4,301,608,753 $92,538,372,870
2001 $4,125,527,603 $89,793,790,670
2000 $4,367,458,867 $96,076,539,926
1999 $5,046,806,783 $86,286,849,755
1998 $5,232,118,046 $85,728,207,782
1997 $5,516,916,163 $100,123,787,215
1996 $5,641,243,100 $96,293,086,513
1995 $5,385,704,166 $87,812,540,788
1994 $4,932,800,407 $73,688,724,431
1993 $4,781,166,117 $60,603,815,716
1992 $4,789,220,417 $52,131,320,033
1991 $4,396,178,694 $45,466,164,978
1990 $3,888,320,666 $36,144,336,769
1989 $3,546,079,263 $30,465,364,739
1988 $3,476,480,303 $25,371,462,488
1987 $2,976,714,019 $20,919,215,578
1986 $2,909,130,355 $18,586,746,057
1985 $22,787,644,566 $19,156,532,746
1984 $18,421,497,251 $19,749,361,098
1983 $15,129,893,722 $17,784,112,150
1982 $11,926,032,493 $16,084,252,378
1981 $9,646,440,667 $14,175,228,844
1980 $9,746,524,915 $11,896,256,783
1979 $8,877,094,497 $9,296,921,724
1978 $8,087,305,999 $7,517,176,355
1977 $6,914,381,291 $6,618,585,074
1976 $6,762,781,871 $6,327,077,974
1975 $6,102,769,605 $5,633,673,930
1974 $5,691,417,541 $5,221,534,956
1973 $5,152,080,388 $3,696,213,333
1972 $4,203,069,035 $2,721,440,981
1971 $3,594,302,908 $2,263,785,444
1970 $3,220,224,608 $1,920,574,150
1969 - $1,659,893,768
1968 - $1,425,706,091
1967 - $1,238,035,816
1966 - $1,096,425,608
1965 - $974,644,096
1964 - $894,153,311
1963 - $917,608,012
1962 - $826,239,212
1961 - $764,629,788
1960 - $704,751,700

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Singapore by year

Guinea
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $98,814 -
2024 $1,695 $4,565 $94,897 $150,689
2023 $1,555 $4,334 $86,383 $143,786
2022 $1,417 $4,062 $91,228 $143,095
2021 $1,245 $3,739 $80,885 $132,617
2020 $1,054 $3,332 $61,773 $101,518
2019 $1,031 $3,106 $66,069 $105,335
2018 $933 $2,844 $67,033 $103,963
2017 $834 $2,687 $61,436 $95,744
2016 $712 $2,255 $57,204 $89,902
2015 $747 $1,930 $55,646 $87,156
2014 $765 $1,873 $57,565 $84,555
2013 $748 $1,842 $56,967 $83,088
2012 $699 $1,790 $55,548 $82,108
2011 $637 $1,705 $53,891 $80,052
2010 $659 $1,622 $47,237 $75,401
2009 $662 $1,567 $38,927 $66,213
2008 $704 $1,614 $40,009 $67,735
2007 $650 $1,558 $39,433 $68,805
2006 $447 $1,453 $33,768 $64,061
2005 $463 $1,422 $29,961 $58,822
2004 $585 $1,366 $27,608 $54,384
2003 $566 $1,328 $23,730 $48,778
2002 $496 $1,315 $22,160 $45,083
2001 $483 $1,251 $21,700 $43,109
2000 $518 $1,196 $23,853 $43,781
1999 $611 $1,163 $21,797 $39,949
1998 $647 $1,130 $21,829 $37,560
1997 $696 $1,099 $26,376 $39,286
1996 $726 $1,048 $26,233 $36,873
1995 $713 $1,014 $24,915 $35,090
1994 $672 $976 $21,552 $33,058
1993 $671 $947 $18,290 $30,062
1992 $693 $908 $16,136 $27,022
1991 $656 $887 $14,502 $25,530
1990 $604 $871 $11,862 $23,815
1989 $570 - $10,395 -
1988 $574 - $8,914 -
1987 $505 - $7,539 -
1986 $506 - $6,800 -
1985 $4,062 - $7,002 -
1984 $3,362 - $7,228 -
1983 $2,823 - $6,633 -
1982 $2,273 - $6,078 -
1981 $1,876 - $5,597 -
1980 $1,931 - $4,928 -
1979 $1,790 - $3,901 -
1978 $1,658 - $3,194 -
1977 $1,440 - $2,846 -
1976 $1,431 - $2,759 -
1975 $1,311 - $2,490 -
1974 $1,243 - $2,342 -
1973 $1,143 - $1,685 -
1972 $948 - $1,264 -
1971 $825 - $1,071 -
1970 $753 - $926 -
1969 - - $813 -
1968 - - $709 -
1967 - - $626 -
1966 - - $567 -
1965 - - $517 -
1964 - - $486 -
1963 - - $511 -
1962 - - $472 -
1961 - - $449 -
1960 - - $428 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Singapore ranks 2nd at $150,689.

Economic indicators

Guinea Singapore
Gross domestic product
$28.3B
2025
$604B
2025
GDP rank
117/197
2025
28/197
2025
GDP growth
7.45%
2024-2025
5.03%
2024-2025
GDP per capita
$1,877
2025
$98,814
2025
GDP per capita rank
161/197
2025
7/197
2025
GDP per capita, PPP
$4,565
2024
$150,689
2024
GDP per capita PPP rank
161/197
2024
2/197
2024
Government debt
$13.6B
2025
$1.03T
2025
Debt-to-GDP ratio
48.1%
2025
171.3%
2025
Government debt per person
$902
2025
$169,228
2025
Government debt per person rank
146/185
2025
1/185
2025
Average annual personal income after taxes
$1,966
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
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
15.5%
2025
Consumer prices inflation
3.1%
2024-2025
0.9%
2024-2025
Unemployment rate
5.02%
2019
3.26%
2025
Population
15624314
6167445

Spending and national debt comparison by year

Guinea
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Guinea Singapore
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 15.5% 171.3%
2024 20.6% 48.3% 14.3% 166%
2023 18.3% 39.8% 14.6% 170.4%
2022 15.7% 37.2% 14.9% 153.3%
2021 15.1% 40.6% 15.4% 139.9%
2020 17.1% 45.3% 24% 147.1%
2019 14.9% 37.3% 14% 127.7%
2018 15.9% 37.5% 13.9% 109.2%
2017 17.3% 39.9% 13.6% 107.3%
2016 16.1% 40.6% 15.2% 105.9%
2015 21.7% 41.5% 14.4% 102.1%
2014 20.1% 32.1% 12.6% 97.7%
2013 18.6% 30.5% 10.9% 98.2%
2012 19.6% 26.9% 9.83% 106.7%
2011 16% 53.8% 9.66% 103.1%
2010 20.5% 71.1% 10.2% 98.7%
2009 16.2% 61.3% 15.9% 101.7%
2008 10.1% 58.5% 14% 97.9%
2007 8.66% 60.8% 9.01% 87.8%
2006 13.2% 95.2% 12.3% 86.5%
2005 11% 97.9% 12.4% 92.7%
2004 13% 86.9% 14.1% 95.7%
2003 14.7% 81.6% 15.6% 99.1%
2002 14.4% 82.6% 15.9% 96.3%
2001 14.9% 90.4% 18.2% 94.5%
2000 12.6% 91.5% 16.1% 82.3%
1999 11.6% 92.3% 15.9% 85.3%
1998 10.3% 75.9% 18.1% 84.6%
1997 12.6% 67.9% 14.5% 70.8%
1996 12% 67.7% 18.1% 71.3%
1995 12.7% 66.5% 13.8% 69.8%
1994 12.6% 71.3% 11.7% 70.7%
1993 13.3% 68.9% 14.5% 71.2%
1992 13.8% 62% 14.5% 79%
1991 16.3% 70.9% 15.9% 76.4%
1990 18.7% 71.6% 15.1% 73.5%

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

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 171.3% in Singapore, ranking 111/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Singapore
1x
Year Deficit/surplus, % of GDP
Guinea Singapore
2025 -7% 4.16%
2024 -4.99% 3.79%
2023 -3.86% 3.42%
2022 -1.88% 1.2%
2021 -1.7% 1.11%
2020 -3.08% -6.68%
2019 -0.17% 3.76%
2018 -0.97% 3.67%
2017 -1.98% 5.23%
2016 -0.08% 3.24%
2015 -6.53% 2.86%
2014 -3.01% 4.6%
2013 -3.86% 5.96%
2012 23.7% 7.34%
2011 -0.92% 7.96%
2010 -9.66% 5.68%
2009 -4.87% -0.09%
2008 0.38% 3.59%
2007 1.28% 7.12%
2006 -2.13% 2.16%
2005 -1.06% 2.56%
2004 -3.85% 2.06%
2003 -4.65% 0.68%
2002 -3.37% 2.23%
2001 -3.23% 1.2%
2000 -2.42% 4.59%
1999 -1.3% 5.2%
1998 2.46% 2.41%
1997 0.07% 5.66%
1996 -2.2% 1.98%
1995 -1.07% 4.8%
1994 -2.59% 7.9%
1993 -2.33% 4.36%
1992 -0.89% 2.7%
1991 -3.25% 0.68%
1990 -3.76% 1.97%

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

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

In 2025, Guinea's government deficit, the difference between spending and revenue, was $1.98B, equivalent to 7% of GDP. This compares to Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 36 years, Guinea recorded a fiscal deficit in 31 of those years, while Singapore ran a deficit in 2 years. On average, Guinea posted an annual deficit equal to 1.8% of GDP, compared to surplus of 3.36% of GDP for Singapore.

Inflation comparison by year

Inflation
Guinea

Singapore
1x
Year Consumer prices inflation
Guinea Singapore
2025 3.1% 0.9%
2024 4.5% 2.39%
2023 5.4% 4.83%
2022 10.5% 6.13%
2021 12.6% 2.32%
2020 10.6% -0.17%
2019 9.5% 0.57%
2018 9.8% 0.44%
2017 8.9% 0.58%
2016 8.2% -0.53%
2015 8.2% -0.52%
2014 9.7% 1.03%
2013 11.9% 2.36%
2012 15.2% 4.58%
2011 21.4% 5.25%
2010 15.5% 2.83%
2009 4.7% 0.59%
2008 18.4% 6.64%
2007 22.9% 2.11%
2006 34.7% 0.97%
2005 31.4% 0.43%
2004 17.5% 1.66%
2003 11% 0.51%
2002 3% -0.39%
2001 5.4% 1%
2000 6.8% 1.36%
1999 4.6% 0.02%
1998 5.1% -0.27%
1997 1.9% 2%

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

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 1.71% in Singapore. In 2025, inflation was 3.1% in Guinea and 0.9% in Singapore.

Top exports between countries

Guinea
Export category Export value
Raw agricultural goods $6.77M
Textiles & consumer goods $884K
Precious metals & jewellery $735K
Processed food, beverages & tobacco $560K
Raw materials & minerals $68K
Singapore
Export category Export value
Miscellaneous $51.5M
Raw materials & minerals $19.7M
Machinery & equipment $11.5M
Processed food, beverages & tobacco $671K
Metals $235K
Chemicals & pharma $167K
Raw agricultural goods $83K
Precious metals & jewellery $58K
Animal & marine products $57K
Wood & paper products $52K

Balance of trade

Guinea Singapore
Current account balance
-$392M
2024
$101B
2025
Current account balance ranking
101/190
2024
8/190
2025
Current account balance, % of GDP
-1.57%
2024
+16.7%
2025
Goods imports
$7.08B
2024
$475B
2025
Goods exports
$11.6B
2024
$652B
2025
Service imports
$3.15B
2024
$385B
2025
Service exports
$71.2M
2024
$422B
2025
Imports of goods and services, % of GDP
62.3%
2025
142.5%
2025
Exports of goods and services, % of GDP
41.4%
2025
177.9%
2025

Economic freedom indices

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

Guinea Singapore
Economic freedom 53.1 84.4
Economic freedom ranking 141/197 1/197
Property rights 21.3 89.2
Government integrity 26.7 86.1
Judicial effectiveness 26 58.3
Tax burden 70.1 89.5
Government spending 90.1 93.4
Fiscal health 74.8 80
Business freedom 44.8 90.6
Labor freedom 56.4 77
Monetary freedom 75.3 83.5
Trade freedom 61.8 95
Investment freedom 50 90
Financial freedom 40 80

Economic freedom comparison by year

Guinea
Singapore
1x
Year Economic freedom index
Guinea Singapore
2026 53.1 84.4
2025 54.6 84.1
2024 53.3 83.5
2023 53.2 83.9
2022 54.2 84.4
2021 56.5 89.7
2020 56.5 89.4
2019 55.7 89.4
2018 52.2 88.8
2017 47.6 88.6
2016 53.3 87.8
2015 52.1 89.4
2014 53.5 89.4
2013 51.2 88
2012 50.8 87.5
2011 51.7 87.2
2010 51.8 86.1
2009 51 87.1
2008 52.8 87.3
2007 54.5 87.1
2006 52.8 88
2005 57.4 88.6
2004 56.1 88.9
2003 54.6 88.2
2002 52.9 87.4
2001 58.4 87.8
2000 58.2 87.7
1999 59.4 86.9
1998 61 87
1997 52.9 87.3
1996 58.5 86.5
1995 59.4 86.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Singapore
Services, % of GDP
35.7%
2025
71.6%
2025
Industry, % of GDP
25.4%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
0.02%
2025
GNI, Atlas method
$26.2B
2025
$500B
2025
GNI per capita, PPP
$4,730
2025
$135,750
2025
Total reserves including gold
$1.35B
2024
$432B
2025
Total reserves ranking
137/177
2024
11/177
2025
Net foreign direct investment
-$1.4B
2024
-$64.9B
2025
Net inflows of foreign direct investment
$1.4B
2024
$135B
2024
Net outflows of foreign direct investment
$30K
2024
$63.6B
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
22.5%
2025

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/singapore | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2016–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. 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.