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Economy of Guinea vs Sudan compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $49.7B for Sudan, ranking 118/197 and 94/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Guinea vs Sudan GDP by year

Guinea
Sudan
1x
Year GDP, current $
Guinea Sudan
2024 $25,008,678,293 $49,672,435,513
2023 $22,407,615,556 $39,898,289,821
2022 $19,910,452,542 $51,666,875,363
2021 $17,069,115,738 $34,229,513,775
2020 $14,088,693,743 $27,034,593,750
2019 $13,442,861,496 $32,338,079,165
2018 $11,857,030,367 $32,333,780,383
2017 $10,324,668,271 $41,283,617,976
2016 $8,595,955,222 $42,630,376,000
2015 $8,794,201,743 $51,726,758,677
2014 $8,778,473,373 $49,516,748,618
2013 $8,376,613,539 $43,024,018,082
2012 $7,638,044,557 $37,632,919,967
2011 $6,785,137,203 $55,018,567,211
2010 $6,853,467,146 $58,962,978,034
2009 $6,716,905,340 $51,621,044,077
2008 $6,964,179,983 $64,833,083,257
2007 $6,281,918,226 $59,440,139,775
2006 $4,220,019,845 $45,263,831,634
2005 $4,282,468,637 $35,182,711,988
2004 $5,300,767,961 $26,646,007,251
2003 $5,025,167,975 $21,355,298,460
2002 $4,301,608,753 $18,137,128,388
2001 $4,125,527,603 $15,716,361,792
2000 $4,367,458,867 $12,257,299,147
1999 $5,046,806,783 $10,682,028,340
1998 $5,232,118,046 $11,250,221,537
1997 $5,516,916,163 $11,681,175,864
1996 $5,641,243,100 $9,018,300,725
1995 $5,385,704,166 $13,830,363,900
1994 $4,932,800,407 $12,793,794,737
1993 $4,781,166,117 $8,881,005,436
1992 $4,789,220,417 $7,031,933,492
1991 $4,396,178,694 $44,171,194,366
1990 $3,888,320,666 $33,641,222,222
1989 $3,546,079,263 $21,408,111,111
1988 $3,476,480,303 $14,372,555,556
1987 $2,976,714,019 $12,093,333,333
1986 $2,909,130,355 $10,092,200,000
1985 $22,787,644,566 $8,075,259,600
1984 $18,421,497,251 $10,447,615,385
1983 $15,129,893,722 $8,230,153,846
1982 $11,926,032,493 $8,732,542,274
1981 $9,646,440,667 $10,753,888,154
1980 $9,746,524,915 $8,951,800,000
1979 $8,877,094,497 $8,418,407,787
1978 $8,087,305,999 $8,128,719,315
1977 $6,914,381,291 $7,499,005,639
1976 $6,762,781,871 $6,013,210,816
1975 $6,102,769,605 $4,823,090,192
1974 $5,691,417,541 $3,958,931,660
1973 $5,152,080,388 $3,077,254,460
1972 $4,203,069,035 $2,483,055,722
1971 $3,594,302,908 $2,288,340,041
1970 $3,220,224,608 $2,100,229,759
1969 - $1,847,501,441
1968 - $1,677,771,401
1967 - $1,607,409,539
1966 - $1,484,491,676
1965 - $1,446,869,619
1964 - $1,388,282,600
1963 - $1,351,234,926
1962 - $1,328,259,625
1961 - $1,222,860,429
1960 - $1,126,364,162

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

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

GDP per capita in Guinea vs Sudan by year

Guinea
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $985 $2,116
2023 $1,555 $4,334 $797 $2,421
2022 $1,417 $4,062 $1,046 $3,355
2021 $1,245 $3,739 $712 $3,249
2020 $1,054 $3,332 $578 $3,349
2019 $1,031 $3,106 $710 $3,914
2018 $933 $2,844 $731 $4,199
2017 $834 $2,687 $967 $4,252
2016 $712 $2,255 $1,033 $4,470
2015 $747 $1,930 $1,292 $4,217
2014 $765 $1,873 $1,275 $4,261
2013 $748 $1,842 $1,139 $3,725
2012 $699 $1,790 $1,019 $3,710
2011 $637 $1,705 $1,522 $4,112
2010 $659 $1,622 $1,665 $3,806
2009 $662 $1,567 $1,493 $3,732
2008 $704 $1,614 $1,928 $3,938
2007 $650 $1,558 $1,814 $3,836
2006 $447 $1,453 $1,415 $3,637
2005 $463 $1,422 $1,125 $3,407
2004 $585 $1,366 $872 $3,215
2003 $566 $1,328 $714 $3,058
2002 $496 $1,315 $621 $2,898
2001 $483 $1,251 $551 $2,769
2000 $518 $1,196 $441 $2,616
1999 $611 $1,163 $394 $2,475
1998 $647 $1,130 $425 $2,428
1997 $696 $1,099 $453 $2,358
1996 $726 $1,048 $357 $2,006
1995 $713 $1,014 $561 $1,902
1994 $672 $976 $532 $1,805
1993 $671 $947 $379 $1,794
1992 $693 $908 $307 $1,710
1991 $656 $887 $1,966 $1,599
1990 $604 $871 $1,528 $1,468
1989 $570 - $992 -
1988 $574 - $680 -
1987 $505 - $584 -
1986 $506 - $497 -
1985 $4,062 - $406 -
1984 $3,362 - $534 -
1983 $2,823 - $431 -
1982 $2,273 - $472 -
1981 $1,876 - $605 -
1980 $1,931 - $525 -
1979 $1,790 - $515 -
1978 $1,658 - $518 -
1977 $1,440 - $497 -
1976 $1,431 - $413 -
1975 $1,311 - $343 -
1974 $1,243 - $291.5 -
1973 $1,143 - $235.8 -
1972 $948 - $198.2 -
1971 $825 - $189 -
1970 $753 - $179.6 -
1969 - - $163.5 -
1968 - - $153.7 -
1967 - - $152.4 -
1966 - - $145.6 -
1965 - - $146.8 -
1964 - - $145.7 -
1963 - - $146.6 -
1962 - - $148.9 -
1961 - - $141.6 -
1960 - - $134.7 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Sudan ranks 185th at $2,116.

Economic indicators

Guinea Sudan
Gross domestic product
$25B
2024
$49.7B
2024
GDP rank
118/197
2024
94/197
2024
GDP growth
5.35%
2023-2024
-14%
2023-2024
GDP per capita
$1,695
2024
$985
2024
GDP per capita rank
160/197
2024
179/197
2024
GDP per capita, PPP
$4,565
2024
$2,116
2024
GDP per capita PPP rank
161/197
2024
185/197
2024
Government debt
$12.2B
2024
$130B
2024
Debt-to-GDP ratio
48.8%
2024
261.4%
2024
Government debt per person
$828
2024
$2,574
2024
Government debt per person rank
147/185
2024
109/185
2024
Average annual personal income after taxes
$20,020
2026
$1,704
2026
Income share by richest 10%
23.1%
2018
27.8%
2014
Income share by poorest 10%
3.5%
2018
3.2%
2014
Government expenditure, % of GDP
20.6%
2024
6.39%
2024
Consumer prices inflation
4.7%
2023-2024
138.8%
2021-2022
Unemployment rate
5.02%
2019
7.53%
2022
Population
15546235
53335233

Spending and national debt comparison by year

Guinea
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Guinea Sudan
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 6.39% 261.4%
2023 18.3% 40.4% 8.23% 259.9%
2022 15.7% 37.9% 17.9% 186.9%
2021 15.1% 40.6% 9.84% 189.6%
2020 17.1% 45.3% 10.9% 278.3%
2019 14.9% 37.3% 18.7% 216.5%
2018 15.9% 37.5% 16.8% 209.8%
2017 17.3% 39.9% 12.8% 149.5%
2016 16.1% 40.6% 9.98% 109.9%
2015 21.7% 41.5% 12.4% 93.2%
2014 20.1% 32.1% 13.5% 84.4%
2013 18.6% 30.5% 15.3% 105.8%
2012 19.6% 26.9% 16.5% 117.7%
2011 16% 53.8% 18.2% 78.1%
2010 20.5% 71.1% 17.4% 74.6%
2009 16.2% 61.3% 18.8% 71%
2008 10.1% 58.5% 19.7% 55.8%
2007 8.66% 60.8% 19.6% 53.7%
2006 13.2% 95.2% 18.8% 63.7%
2005 11% 97.9% 19.7% 75.5%
2004 13% 86.9% 16.5% 97.8%
2003 14.7% 81.6% 12.5% 117.4%
2002 14.4% 82.6% 10.5% 121.7%
2001 14.9% 90.4% 9.87% 125.6%
2000 12.6% 91.5% 10.4% 143.2%
1999 11.6% 92.3% 8.4% 160.5%
1998 10.3% 75.9% 7.79% 179.7%
1997 12.6% 67.9% 7.38% 167.7%
1996 12% 67.7% 9.31% 220.9%
1995 12.7% 66.5% 12.9% 239%
1994 12.6% 71.3% 19.6% 386%
1993 13.3% 68.9% 23.7% 285.9%
1992 13.8% 62% 50.4% 495%
1991 16.3% 70.9% 45.7% -
1990 18.7% 71.6% 31% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 261.4% in Sudan, ranking 111/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Sudan
1x
Year Deficit/surplus, % of GDP
Guinea Sudan
2024 -4.99% -3.46%
2023 -3.86% -3.7%
2022 -1.88% -2.15%
2021 -1.7% -0.29%
2020 -3.08% -6.03%
2019 -0.17% -10.8%
2018 -0.97% -7.92%
2017 -1.98% -6.07%
2016 -0.08% -3.92%
2015 -6.53% -3.87%
2014 -3.01% -4.72%
2013 -3.86% -5.76%
2012 23.7% -7.37%
2011 -0.92% -2.33%
2010 -9.66% 0.11%
2009 -4.87% -3.8%
2008 0.38% 0.49%
2007 1.28% -2.84%
2006 -2.13% -1.32%
2005 -1.06% -1.88%
2004 -3.85% 0.16%
2003 -4.65% 0.77%
2002 -3.37% -0.69%
2001 -3.23% -0.77%
2000 -2.42% -0.7%
1999 -1.3% -0.8%
1998 2.46% -0.56%
1997 0.07% -0.59%
1996 -2.2% -2.61%
1995 -1.07% -3.48%
1994 -2.59% -3.03%
1993 -2.33% -8.04%
1992 -0.89% -24.5%
1991 -3.25% -26.5%
1990 -3.76% -16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea/sudan | 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 Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Sudan ran a deficit in 31 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 4.72% of GDP for Sudan.

Inflation comparison by year

Inflation
Guinea

Sudan
1x
Year Consumer prices inflation
Guinea Sudan
2024 4.7% -
2023 5.4% -
2022 10.5% 138.8%
2021 12.6% 359%
2020 10.6% 163.3%
2019 9.5% 51%
2018 9.8% 63.3%
2017 8.9% 32.4%
2016 8.2% 17.8%
2015 8.2% 16.9%
2014 9.7% 36.9%
2013 11.9% 36.5%
2012 15.2% 35.6%
2011 21.4% 18.1%
2010 15.5% 13%
2009 4.7% 11.3%
2008 18.4% 14.3%
2007 22.9% 14.8%
2006 34.7% 7.2%
2005 31.4% 8.51%
2004 17.5% 9.66%
2003 11% 6.49%
2002 3% 22.2%
2001 5.4% 1.94%
2000 6.8% 7.12%
1999 4.6% 17.2%
1998 5.1% 24.6%
1997 1.9% 47.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2022, retrieved 2026-04-06).

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

Over the past 26 years, Guinea has recorded an average annual inflation rate of 12.3%, compared with 45.2% in Sudan. In 2022, inflation was 4.7% in Guinea and 138.8% in Sudan.

Balance of trade

Guinea Sudan
Current account balance
-$392M
2024
-$4.44B
2022
Current account balance ranking
104/190
2024
165/190
2022
Current account balance, % of GDP
-1.57%
2024
-8.6%
2022
Goods imports
$7.08B
2024
$9.99B
2022
Goods exports
$11.6B
2024
$4.36B
2022
Service imports
$3.15B
2024
$1.59B
2022
Service exports
$71.2M
2024
$1.55B
2022
Imports of goods and services, % of GDP
56.4%
2024
1.27%
2024
Exports of goods and services, % of GDP
41.4%
2024
0.72%
2024

Economic freedom indices

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

Guinea Sudan
Economic freedom 53.1 32.5
Economic freedom ranking 141/197 191/197
Property rights 21.3 6.5
Government integrity 26.7 13.8
Judicial effectiveness 26 2.4
Tax burden 70.1 84.7
Government spending 90.1 96.5
Fiscal health 74.8 64.6
Business freedom 44.8 27.3
Labor freedom 56.4 33.6
Monetary freedom 75.3 6.2
Trade freedom 61.8 29.6
Investment freedom 50 5
Financial freedom 40 20

Economic freedom comparison by year

Guinea
Sudan
1x
Year Economic freedom index
Guinea Sudan
2026 53.1 32.5
2025 54.6 35.3
2024 53.3 33.9
2023 53.2 32.8
2022 54.2 32
2021 56.5 39.1
2020 56.5 45
2019 55.7 47.7
2018 52.2 49.4
2017 47.6 48.8
2016 53.3 -
2015 52.1 -
2014 53.5 -
2013 51.2 -
2012 50.8 -
2011 51.7 -
2010 51.8 -
2009 51 -
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 47.2
1999 59.4 39.6
1998 61 38.3
1997 52.9 39.9
1996 58.5 39.2
1995 59.4 39.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Sudan
Services, % of GDP
36.3%
2024
54.7%
2024
Industry, % of GDP
25.1%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
22.2%
2024
GNI, Atlas method
$21.3B
2024
$35.8B
2024
GNI per capita, PPP
$4,130
2024
$2,050
2024
Total reserves including gold
$1.89B
2023
$178M
2017
Total reserves ranking
128/177
2023
171/177
2017
Net foreign direct investment
-$1.4B
2024
-$574M
2022
Net inflows of foreign direct investment
$1.4B
2024
$548M
2023
Net outflows of foreign direct investment
$30K
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
0.42%
2024
Poverty at national poverty lines
47%
2020
46.5%
2020
Gross capital formation, % of GDP
32.1%
2024
2.89%
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/sudan | 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. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.