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Guinea vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Guinea ranked 142nd with $10.9B. By GDP 5-years average growth and GDP per capita, South Africa and Guinea ranked 151st vs 15th and 95th vs 175th, respectively.

Gross Domestic Product & Income

StatGuineaSouth Africa
GDP$10.9B$368.3B
GDP growth, 1 year5.8%0.8%
GDP growth, 5-years average6.7%1.1%
Population11.6M57.7M
GDP per capita$879$6.4k
GDP per capita growth3.2%-0.57%
Purchasing Power Parity conversion factor3160.716.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.47
GDP per capita, PPP adjusted$2.3k$14k
GNI, Atlas method$10.6B$332.3B
GNI per capita$850$5.8k
GNI, PPP adjusted$30.6B$765.8B
GNI per capita, PPP adjusted$2.5k$13k

Financial system and Human development

StatGuineaSouth Africa
Income Tax Rate40%45%
Corporate Tax Rate35%28%
Inflation, consumer prices9.7%4.6%
Inflation, GDP deflator-1.3%3.9%
Unemployment3.6%27%
Economic Freedom Index56.558.8
Personal Freedom Index5.956.92
Human Freedom Index5.686.78
Property Rights Index38.758.4
Judical Effectiveness Index33.338
Business Freedom Index55.462
Fiscal Health Index93.864
Labor Freedom Index5858.8
Investment Freedom Index5045
Financial Freedom Index4050
Trade Freedom Index60.475.8
Monetary Freedom Index70.675.9
Government Spending Index91.467.4
Tax Burden Index7063.7
Government Integrity Index16.146.6
Corruption Perceptions Index2843
Life expectancy at birth, years60.763.5
Suicide mortality rate, per 100,000 people6.311.6
Mortality caused by road traffic injury, per 100,000 people28.225.9
Intentional homicides, per 100,000 people8.835.9
International tourism, number of arrivals99k10.5M

Government debt & reserves

StatGuineaSouth Africa
Central government debt, % of GDP38.7%56.7%
External debt stocks, % of GNI24.6%50.6%
External debt stocks$2.6B$179.3B
Short-term debt, % of total reserves12.4%70.9%
Total debt service, % of exports and primary income2.2%19.9%
Adjusted net savings including particulate emission damage, % of GNI-6.5%0.6%
Gross savings, % of GDP3.1%14.9%
Gross capital formation, % of GDP18.9%17.9%
Total reserves including gold$1.2B$51.6B
Foreign direct investment net inflows$352.8M$5.5B

Exports, imports and economic structure

StatGuineaSouth Africa
Exports of goods and services, % of GDP37.6%29.9%
Imports of goods and services, % of GDP53%29.6%
Current account balance (balance of payments)-$190.5M-$13.4B
Revenue excluding grants, % of GDP12.1%30.9%
Grants excluding technical cooperation, BoP$367.3M$817.9M
Personal remittances received$28.4M$929M
Industry including construction value added, % of GDP24.8%25.9%
Agriculture, forestry and fishing value added, % of GDP24.3%2.2%
Charges for the use of intellectual property, payments BoP$620k$1.8B
Charges for the use of intellectual property, receipts BoP-$1.5M$120.7M
Expense, % of GDP9.4%34.4%
Government Expenditure, % of GDP16.9%33%

Compare with countries close by GDP per capita

Guinea vs

CountryGDP
per capita
Population
Senegal
$1.5k
14.1M
Cambodia
$1.5k
15.1M
Pakistan
$1.5k
197M
Comoros
$1.4k
735k
Myanmar
$1.3k
53.3M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M