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Economy of Guinea vs Thailand compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $577B for Thailand, ranking 117/197 and 30/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $373B (64.7% of GDP) in Thailand.

Guinea vs Thailand GDP by year

Guinea
Thailand
1x
Year GDP, current $
Guinea Thailand
2025 $28,346,024,753 $577,009,981,112
2024 $25,008,678,293 $529,385,520,942
2023 $22,407,615,556 $517,013,369,475
2022 $19,910,452,542 $495,691,837,308
2021 $17,069,115,738 $506,049,783,825
2020 $14,088,693,743 $500,274,927,779
2019 $13,442,861,496 $543,976,691,794
2018 $11,857,030,367 $506,754,208,404
2017 $10,324,668,271 $456,356,813,537
2016 $8,595,955,222 $413,366,349,748
2015 $8,794,201,743 $401,296,238,228
2014 $8,778,473,373 $407,339,040,198
2013 $8,376,613,539 $420,333,654,593
2012 $7,638,044,557 $397,558,325,279
2011 $6,785,137,203 $370,818,739,624
2010 $6,853,467,146 $341,104,766,329
2009 $6,716,905,340 $281,710,630,187
2008 $6,964,179,983 $291,382,982,431
2007 $6,281,918,226 $262,942,621,455
2006 $4,220,019,845 $221,758,296,022
2005 $4,282,468,637 $189,318,408,469
2004 $5,300,767,961 $172,895,685,155
2003 $5,025,167,975 $152,280,615,246
2002 $4,301,608,753 $134,300,904,400
2001 $4,125,527,603 $120,296,476,180
2000 $4,367,458,867 $126,392,224,254
1999 $5,046,806,783 $126,669,211,779
1998 $5,232,118,046 $113,675,596,788
1997 $5,516,916,163 $150,180,456,566
1996 $5,641,243,100 $183,035,237,429
1995 $5,385,704,166 $169,278,916,593
1994 $4,932,800,407 $146,683,778,959
1993 $4,781,166,117 $128,889,262,951
1992 $4,789,220,417 $111,452,746,518
1991 $4,396,178,694 $98,234,714,971
1990 $3,888,320,666 $85,343,190,719
1989 $3,546,079,263 $72,250,748,100
1988 $3,476,480,303 $61,667,253,471
1987 $2,976,714,019 $50,535,446,555
1986 $2,909,130,355 $43,096,773,981
1985 $22,787,644,566 $38,900,711,333
1984 $18,421,497,251 $41,797,647,776
1983 $15,129,893,722 $40,042,798,388
1982 $11,926,032,493 $36,589,772,404
1981 $9,646,440,667 $34,846,039,194
1980 $9,746,524,915 $32,353,514,989
1979 $8,877,094,497 $27,371,650,825
1978 $8,087,305,999 $24,006,566,637
1977 $6,914,381,291 $19,779,312,261
1976 $6,762,781,871 $16,985,208,648
1975 $6,102,769,605 $14,882,770,594
1974 $5,691,417,541 $13,702,998,512
1973 $5,152,080,388 $10,838,587,358
1972 $4,203,069,035 $8,177,873,151
1971 $3,594,302,908 $7,375,000,024
1970 $3,220,224,608 $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

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

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

GDP per capita in Guinea vs Thailand by year

Guinea
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $8,057 -
2024 $1,695 $4,565 $7,387 $24,712
2023 $1,555 $4,334 $7,211 $23,519
2022 $1,417 $4,062 $6,910 $22,243
2021 $1,245 $3,739 $7,055 $20,243
2020 $1,054 $3,332 $6,983 $19,164
2019 $1,031 $3,106 $7,606 $19,963
2018 $933 $2,844 $7,100 $18,876
2017 $834 $2,687 $6,413 $17,573
2016 $712 $2,255 $5,834 $16,671
2015 $747 $1,930 $5,689 $15,791
2014 $765 $1,873 $5,801 $15,365
2013 $748 $1,842 $6,018 $15,216
2012 $699 $1,790 $5,726 $14,617
2011 $637 $1,705 $5,374 $13,227
2010 $659 $1,622 $4,974 $12,932
2009 $662 $1,567 $4,135 $11,964
2008 $704 $1,614 $4,309 $12,062
2007 $650 $1,558 $3,919 $11,723
2006 $447 $1,453 $3,331 $10,912
2005 $463 $1,422 $2,868 $10,169
2004 $585 $1,366 $2,642 $9,545
2003 $566 $1,328 $2,348 $8,824
2002 $496 $1,315 $2,090 $8,148
2001 $483 $1,251 $1,890 $7,632
2000 $518 $1,196 $2,006 $7,289
1999 $611 $1,163 $2,033 $6,901
1998 $647 $1,130 $1,848 $6,590
1997 $696 $1,099 $2,473 $7,148
1996 $726 $1,048 $3,055 $7,322
1995 $713 $1,014 $2,864 $6,901
1994 $672 $976 $2,518 $6,341
1993 $671 $947 $2,245 $5,834
1992 $693 $908 $1,972 $5,347
1991 $656 $887 $1,766 $4,914
1990 $604 $871 $1,559 $4,451
1989 $570 - $1,342 -
1988 $574 - $1,164 -
1987 $505 - $970 -
1986 $506 - $842 -
1985 $4,062 - $774 -
1984 $3,362 - $847 -
1983 $2,823 - $827 -
1982 $2,273 - $770 -
1981 $1,876 - $748 -
1980 $1,931 - $709 -
1979 $1,790 - $612 -
1978 $1,658 - $548 -
1977 $1,440 - $462 -
1976 $1,431 - $405 -
1975 $1,311 - $364 -
1974 $1,243 - $343 -
1973 $1,143 - $278.3 -
1972 $948 - $215.6 -
1971 $825 - $199.7 -
1970 $753 - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

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

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $8,057 in Thailand, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Thailand ranks 85th at $24,712.

Economic indicators

Guinea Thailand
Gross domestic product
$28.3B
2025
$577B
2025
GDP rank
117/197
2025
30/197
2025
GDP growth
7.45%
2024-2025
2.44%
2024-2025
GDP per capita
$1,877
2025
$8,057
2025
GDP per capita rank
161/197
2025
97/197
2025
GDP per capita, PPP
$4,565
2024
$24,712
2024
GDP per capita PPP rank
161/197
2024
85/197
2024
Government debt
$13.6B
2025
$373B
2025
Debt-to-GDP ratio
48.1%
2025
64.7%
2025
Government debt per person
$902
2025
$5,211
2025
Government debt per person rank
146/185
2025
83/185
2025
Average annual personal income after taxes
$1,966
2026
$7,438
2026
Market capitalization of domestic companies n/a
$512B
2025
Number of millionaires n/a
100,001
2024
Number of billionaires n/a
25
2026
Income share by richest 10%
23.1%
2018
26%
2024
Income share by poorest 10%
3.5%
2018
3.4%
2024
Government expenditure, % of GDP
25.2%
2025
23%
2025
Consumer prices inflation
3.1%
2024-2025
-0.13%
2024-2025
Central bank interest rate n/a
1.5%
2025
Unemployment rate
5.02%
2019
0.6%
2025
Population
15624314
71565981

Spending and national debt comparison by year

Guinea
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Guinea Thailand
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 23% 64.7%
2024 20.6% 48.3% 22.6% 62.9%
2023 18.3% 39.8% 22.7% 62.2%
2022 15.7% 37.2% 24.7% 60.5%
2021 15.1% 40.6% 26.8% 58.4%
2020 17.1% 45.3% 24.9% 49.4%
2019 14.9% 37.3% 20.6% 41.1%
2018 15.9% 37.5% 21.2% 41.9%
2017 17.3% 39.9% 21.6% 41.8%
2016 16.1% 40.6% 21.4% 41.7%
2015 21.7% 41.5% 22.3% 42.6%
2014 20.1% 32.1% 22.2% 43.3%
2013 18.6% 30.5% 21.6% 42.2%
2012 19.6% 26.9% 22.3% 41.9%
2011 16% 53.8% 21.1% 39.1%
2010 20.5% 71.1% 22% 39.8%
2009 16.2% 61.3% 21.7% 42.4%
2008 10.1% 58.5% 19.2% 34.9%
2007 8.66% 60.8% 20% 36%
2006 13.2% 95.2% 18.7% 39.2%
2005 11% 97.9% 19.6% 45.5%
2004 13% 86.9% 19.3% 46.3%
2003 14.7% 81.6% 18.3% 47.5%
2002 14.4% 82.6% 25.7% 54.9%
2001 14.9% 90.4% 20.8% 57.5%
2000 12.6% 91.5% 19.3% 57.8%
1999 11.6% 92.3% 26.5% 56.6%
1998 10.3% 75.9% 23.9% 49.9%
1997 12.6% 67.9% 21.6% 40.5%
1996 12% 67.7% 18% 15.2%
1995 12.7% 66.5% 17.2% 5.12%
1994 12.6% 71.3% 16% 6.69%
1993 13.3% 68.9% 18.8% 9.14%
1992 13.8% 62% 17.8% 11.4%
1991 16.3% 70.9% 17% 14.1%
1990 18.7% 71.6% 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Thailand spent $133B, or 23% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 64.7% in Thailand, ranking 111/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Thailand
1x
Year Deficit/surplus, % of GDP
Guinea Thailand
2025 -7% -1.91%
2024 -4.99% -1.29%
2023 -3.86% -1.91%
2022 -1.88% -4.61%
2021 -1.7% -6.72%
2020 -3.08% -4.47%
2019 -0.17% 0.43%
2018 -0.97% 0.2%
2017 -1.98% -0.51%
2016 -0.08% 0.41%
2015 -6.53% 0.19%
2014 -3.01% -0.7%
2013 -3.86% 0.6%
2012 23.7% -0.86%
2011 -0.92% 0.09%
2010 -9.66% -1.07%
2009 -4.87% -2.21%
2008 0.38% 0.8%
2007 1.28% 0.22%
2006 -2.13% 1.87%
2005 -1.06% 2.17%
2004 -3.85% 1.11%
2003 -4.65% 1.98%
2002 -3.37% -6.72%
2001 -3.23% -1.77%
2000 -2.42% -1.79%
1999 -1.3% -9.02%
1998 2.46% -6.29%
1997 0.07% -1.68%
1996 -2.2% 2.75%
1995 -1.07% 3.05%
1994 -2.59% 2.78%
1993 -2.33% 6.67%
1992 -0.89% -0.18%
1991 -3.25% 1.6%
1990 -3.76% 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

GeoRank.org/economy/guinea/thailand | 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 Thailand's deficit of $11B, or 1.91% of GDP.

Over the past 36 years, Guinea recorded a fiscal deficit in 31 of those years, while Thailand ran a deficit in 18 years. On average, Guinea posted an annual deficit equal to 1.8% of GDP, compared to deficit of 0.7% of GDP for Thailand.

Inflation comparison by year

Inflation
Guinea

Thailand
1x
Year Consumer prices inflation
Guinea Thailand
2025 3.1% -0.13%
2024 4.5% 0.4%
2023 5.4% 1.23%
2022 10.5% 6.08%
2021 12.6% 1.23%
2020 10.6% -0.85%
2019 9.5% 0.71%
2018 9.8% 1.07%
2017 8.9% 0.66%
2016 8.2% 0.19%
2015 8.2% -0.9%
2014 9.7% 1.89%
2013 11.9% 2.19%
2012 15.2% 3.01%
2011 21.4% 3.81%
2010 15.5% 3.25%
2009 4.7% -0.85%
2008 18.4% 5.47%
2007 22.9% 2.24%
2006 34.7% 4.64%
2005 31.4% 4.54%
2004 17.5% 2.76%
2003 11% 1.8%
2002 3% 0.7%
2001 5.4% 1.63%
2000 6.8% 1.59%
1999 4.6% 0.28%
1998 5.1% 7.99%
1997 1.9% 5.63%

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/thailand | CC BY

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 2.15% in Thailand. In 2025, inflation was 3.1% in Guinea and -0.13% in Thailand.

Top exports between countries

Guinea
Export category Export value
Textiles & consumer goods $1.14M
Precious metals & jewellery $401K
Animal & marine products $1K
Thailand
Export category Export value
Raw agricultural goods $11.7M
Metals $9.41M
Textiles & consumer goods $3.57M
Wood & paper products $2.85M
Processed food, beverages & tobacco $2.85M
Machinery & equipment $2.01M
Chemicals & pharma $1.67M
Raw materials & minerals $872K
Miscellaneous $157K
Animal & marine products $67K

Balance of trade

Guinea Thailand
Current account balance
-$392M
2024
$15.9B
2025
Current account balance ranking
101/190
2024
20/190
2025
Current account balance, % of GDP
-1.57%
2024
+2.76%
2025
Goods imports
$7.08B
2024
$312B
2025
Goods exports
$11.6B
2024
$335B
2025
Service imports
$3.15B
2024
$77.2B
2025
Service exports
$71.2M
2024
$76.2B
2025
Imports of goods and services, % of GDP
62.3%
2025
67.3%
2025
Exports of goods and services, % of GDP
41.4%
2025
71.1%
2025

Economic freedom indices

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

Guinea Thailand
Economic freedom 53.1 62.2
Economic freedom ranking 141/197 88/197
Property rights 21.3 41.8
Government integrity 26.7 38.9
Judicial effectiveness 26 35
Tax burden 70.1 80.8
Government spending 90.1 83.6
Fiscal health 74.8 81
Business freedom 44.8 69.9
Labor freedom 56.4 56.4
Monetary freedom 75.3 73.3
Trade freedom 61.8 70.2
Investment freedom 50 55
Financial freedom 40 60

Economic freedom comparison by year

Guinea
Thailand
1x
Year Economic freedom index
Guinea Thailand
2026 53.1 62.2
2025 54.6 60.6
2024 53.3 59
2023 53.2 60.6
2022 54.2 63.2
2021 56.5 69.7
2020 56.5 69.4
2019 55.7 68.3
2018 52.2 67.1
2017 47.6 66.2
2016 53.3 63.9
2015 52.1 62.4
2014 53.5 63.3
2013 51.2 64.1
2012 50.8 64.9
2011 51.7 64.7
2010 51.8 64.1
2009 51 63
2008 52.8 62.3
2007 54.5 63.5
2006 52.8 63.3
2005 57.4 62.5
2004 56.1 63.7
2003 54.6 65.8
2002 52.9 69.1
2001 58.4 68.9
2000 58.2 66.6
1999 59.4 66.9
1998 61 67.3
1997 52.9 66.1
1996 58.5 71
1995 59.4 71.3

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Thailand
Services, % of GDP
35.7%
2025
60.2%
2025
Industry, % of GDP
25.4%
2025
31.1%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
8.75%
2025
GNI, Atlas method
$26.2B
2025
$551B
2025
GNI per capita, PPP
$4,730
2025
$25,570
2025
Total reserves including gold
$1.35B
2024
$282B
2025
Total reserves ranking
137/177
2024
15/177
2025
Net foreign direct investment
-$1.4B
2024
-$9.51B
2025
Net inflows of foreign direct investment
$1.4B
2024
$14.3B
2024
Net outflows of foreign direct investment
$30K
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
3.51%
2024
Poverty at national poverty lines
47%
2020
5.4%
2022
Gross capital formation, % of GDP
37%
2025
22.1%
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/thailand | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2016–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.