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Economy of Guinea vs Tunisia compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $51.3B for Tunisia, ranking 118/197 and 93/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Guinea vs Tunisia GDP by year

Guinea
Tunisia
1x
Year GDP, current $
Guinea Tunisia
2024 $25,008,678,293 $51,332,285,657
2023 $22,407,615,556 $48,205,328,303
2022 $19,910,452,542 $44,929,920,093
2021 $17,069,115,738 $47,073,234,359
2020 $14,088,693,743 $42,491,780,918
2019 $13,442,861,496 $41,905,642,419
2018 $11,857,030,367 $42,686,504,460
2017 $10,324,668,271 $42,163,530,591
2016 $8,595,955,222 $44,360,072,680
2015 $8,794,201,743 $45,779,494,042
2014 $8,778,473,373 $50,271,812,921
2013 $8,376,613,539 $48,685,446,414
2012 $7,638,044,557 $47,311,401,813
2011 $6,785,137,203 $48,123,325,825
2010 $6,853,467,146 $46,206,091,938
2009 $6,716,905,340 $43,455,740,497
2008 $6,964,179,983 $44,859,439,902
2007 $6,281,918,226 $38,915,353,867
2006 $4,220,019,845 $34,376,664,601
2005 $4,282,468,637 $32,272,186,695
2004 $5,300,767,961 $31,183,885,241
2003 $5,025,167,975 $27,453,902,261
2002 $4,301,608,753 $23,141,616,605
2001 $4,125,527,603 $22,065,832,449
2000 $4,367,458,867 $21,473,528,161
1999 $5,046,806,783 $22,943,202,175
1998 $5,232,118,046 $21,802,893,587
1997 $5,516,916,163 $20,746,210,354
1996 $5,641,243,100 $19,587,161,807
1995 $5,385,704,166 $18,030,876,599
1994 $4,932,800,407 $15,633,174,304
1993 $4,781,166,117 $14,608,335,608
1992 $4,789,220,417 $15,496,708,060
1991 $4,396,178,694 $13,074,782,609
1990 $3,888,320,666 $12,290,568,182
1989 $3,546,079,263 $10,101,851,745
1988 $3,476,480,303 $10,096,245,762
1987 $2,976,714,019 $9,696,715,911
1986 $2,909,130,355 $9,017,806,654
1985 $22,787,644,566 $8,410,226,053
1984 $18,421,497,251 $8,254,541,195
1983 $15,129,893,722 $8,350,582,748
1982 $11,926,032,493 $8,133,580,052
1981 $9,646,440,667 $8,428,445,294
1980 $9,746,524,915 $8,744,134,354
1979 $8,877,094,497 $7,188,863,904
1978 $8,087,305,999 $5,968,460,080
1977 $6,914,381,291 $5,109,324,009
1976 $6,762,781,871 $4,508,191,942
1975 $6,102,769,605 $4,328,965,588
1974 $5,691,417,541 $3,545,868,575
1973 $5,152,080,388 $2,730,813,385
1972 $4,203,069,035 $2,237,556,149
1971 $3,594,302,908 $1,685,162,272
1970 $3,220,224,608 $1,439,238,095
1969 - $1,289,904,762
1968 - $1,214,666,667
1967 - $1,085,714,286
1966 - $1,040,952,381
1965 - $991,047,619
1964 - $1,025,866,792
1963 - $1,026,737,600
1962 - $880,027,733
1961 - $866,155,429

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea vs Tunisia by year

Guinea
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $4,181 $14,521
2023 $1,555 $4,334 $3,951 $14,041
2022 $1,417 $4,062 $3,707 $13,619
2021 $1,245 $3,739 $3,907 $12,444
2020 $1,054 $3,332 $3,549 $11,918
2019 $1,031 $3,106 $3,529 $12,495
2018 $933 $2,844 $3,628 $11,841
2017 $834 $2,687 $3,619 $11,289
2016 $712 $2,255 $3,848 $10,994
2015 $747 $1,930 $4,015 $10,783
2014 $765 $1,873 $4,459 $10,947
2013 $748 $1,842 $4,370 $10,672
2012 $699 $1,790 $4,297 $10,615
2011 $637 $1,705 $4,421 $10,436
2010 $659 $1,622 $4,292 $10,555
2009 $662 $1,567 $4,080 $10,237
2008 $704 $1,614 $4,255 $9,975
2007 $650 $1,558 $3,727 $9,479
2006 $447 $1,453 $3,323 $8,729
2005 $463 $1,422 $3,147 $8,117
2004 $585 $1,366 $3,067 $7,672
2003 $566 $1,328 $2,726 $7,098
2002 $496 $1,315 $2,321 $6,715
2001 $483 $1,251 $2,236 $6,593
2000 $518 $1,196 $2,199 $6,279
1999 $611 $1,163 $2,376 $5,930
1998 $647 $1,130 $2,285 $5,579
1997 $696 $1,099 $2,202 $5,333
1996 $726 $1,048 $2,107 $5,040
1995 $713 $1,014 $1,968 $4,686
1994 $672 $976 $1,733 $4,555
1993 $671 $947 $1,649 $4,401
1992 $693 $908 $1,785 $4,292
1991 $656 $887 $1,538 $3,975
1990 $604 $871 $1,476 $3,780
1989 $570 - $1,239 -
1988 $574 - $1,266 -
1987 $505 - $1,245 -
1986 $506 - $1,187 -
1985 $4,062 - $1,135 -
1984 $3,362 - $1,143 -
1983 $2,823 - $1,184 -
1982 $2,273 - $1,177 -
1981 $1,876 - $1,247 -
1980 $1,931 - $1,324 -
1979 $1,790 - $1,113 -
1978 $1,658 - $946 -
1977 $1,440 - $830 -
1976 $1,431 - $752 -
1975 $1,311 - $741 -
1974 $1,243 - $624 -
1973 $1,143 - $493 -
1972 $948 - $415 -
1971 $825 - $320 -
1970 $753 - $280.5 -
1969 - - $257.7 -
1968 - - $248.9 -
1967 - - $228 -
1966 - - $223.8 -
1965 - - $217.3 -
1964 - - $228.5 -
1963 - - $231.9 -
1962 - - $201.4 -
1961 - - $200.7 -

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Tunisia ranks 114th at $14,521.

Economic indicators

Guinea Tunisia
Gross domestic product
$25B
2024
$51.3B
2024
GDP rank
118/197
2024
93/197
2024
GDP growth
5.35%
2023-2024
1.61%
2023-2024
GDP per capita
$1,695
2024
$4,181
2024
GDP per capita rank
160/197
2024
129/197
2024
GDP per capita, PPP
$4,565
2024
$14,521
2024
GDP per capita PPP rank
161/197
2024
114/197
2024
Government debt
$12.2B
2024
$42.8B
2024
Debt-to-GDP ratio
48.8%
2024
83.4%
2024
Government debt per person
$828
2024
$3,487
2024
Government debt per person rank
147/185
2024
94/185
2024
Average annual personal income after taxes
$20,020
2026
$3,951
2026
Market capitalization of domestic companies n/a
$8.3B
2024
Income share by richest 10%
23.1%
2018
27%
2021
Income share by poorest 10%
3.5%
2018
3.1%
2021
Government expenditure, % of GDP
20.6%
2024
33.8%
2024
Consumer prices inflation
4.7%
2023-2024
7%
2023-2024
Central bank interest rate n/a
7.5%
2025
Unemployment rate
5.02%
2019
15.1%
2023
Population
15546235
12437803

Spending and national debt comparison by year

Guinea
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Guinea Tunisia
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 33.8% 83.4%
2023 18.3% 40.4% 35.7% 84%
2022 15.7% 37.9% 36.5% 83%
2021 15.1% 40.6% 33.2% 79.7%
2020 17.1% 45.3% 34.5% 77.7%
2019 14.9% 37.3% 29.5% 67.3%
2018 15.9% 37.5% 28.7% 72.9%
2017 17.3% 39.9% 28.7% 67.1%
2016 16.1% 40.6% 27.2% 58.9%
2015 21.7% 41.5% 27.4% 52.4%
2014 20.1% 32.1% 27.7% 50.7%
2013 18.6% 30.5% 30.8% 45.6%
2012 19.6% 26.9% 28.3% 49%
2011 16% 53.8% 27.9% 43.3%
2010 20.5% 71.1% 24% 38.8%
2009 16.2% 61.3% 24.6% 40.3%
2008 10.1% 58.5% 23.7% 41.4%
2007 8.66% 60.8% 23.3% 42.7%
2006 13.2% 95.2% 22.9% 45.7%
2005 11% 97.9% 23% 50%
2004 13% 86.9% 23% 51.6%
2003 14.7% 81.6% 23.5% 52.6%
2002 14.4% 82.6% 24.1% 51.6%
2001 14.9% 90.4% 24% 52.2%
2000 12.6% 91.5% 24% 62.9%
1999 11.6% 92.3% 24% 61.9%
1998 10.3% 75.9% 24.2% 58.2%
1997 12.6% 67.9% 24.5% 66.6%
1996 12% 67.7% 26.7% 66.8%
1995 12.7% 66.5% 26.6% 65.6%
1994 12.6% 71.3% 25.9% 63.9%
1993 13.3% 68.9% 26.7% 63.8%
1992 13.8% 62% 25.7% 62.1%
1991 16.3% 70.9% 27.6% 63.3%
1990 18.7% 71.6% - -

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

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 83.4% in Tunisia, ranking 111/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Tunisia
1x
Year Deficit/surplus, % of GDP
Guinea Tunisia
2024 -4.99% -5.92%
2023 -3.86% -7.03%
2022 -1.88% -6.91%
2021 -1.7% -7.6%
2020 -3.08% -9.06%
2019 -0.17% -3.6%
2018 -0.97% -4.27%
2017 -1.98% -5.61%
2016 -0.08% -5.87%
2015 -6.53% -4.95%
2014 -3.01% -3.11%
2013 -3.86% -7.05%
2012 23.7% -4.9%
2011 -0.92% -3.19%
2010 -9.66% -0.46%
2009 -4.87% -2.59%
2008 0.38% -0.62%
2007 1.28% -2.47%
2006 -2.13% -2.33%
2005 -1.06% -2.59%
2004 -3.85% -2.1%
2003 -4.65% -2.64%
2002 -3.37% -2.55%
2001 -3.23% -2.87%
2000 -2.42% -3.22%
1999 -1.3% -3.05%
1998 2.46% -2.84%
1997 0.07% -3.7%
1996 -2.2% -5.18%
1995 -1.07% -4.53%
1994 -2.59% -2.87%
1993 -2.33% -3.22%
1992 -0.89% -3.45%
1991 -3.25% -5.25%
1990 -3.76% -

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

GeoRank.org/economy/guinea/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Guinea recorded a fiscal deficit in 29 of those years, while Tunisia ran a deficit in 34 years. On average, Guinea posted an annual deficit equal to 1.59% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Guinea

Tunisia
1x
Year Consumer prices inflation
Guinea Tunisia
2024 4.7% 7%
2023 5.4% 9.3%
2022 10.5% 8.3%
2021 12.6% 5.7%
2020 10.6% 5.6%
2019 9.5% 6.7%
2018 9.8% 7.3%
2017 8.9% 5.3%
2016 8.2% 3.6%
2015 8.2% 4.4%
2014 9.7% 4.6%
2013 11.9% 5.3%
2012 15.2% 4.6%
2011 21.4% 3.2%
2010 15.5% 4.4%
2009 4.7% 3.5%
2008 18.4% 4.9%
2007 22.9% 3.4%
2006 34.7% 4.1%
2005 31.4% 2%
2004 17.5% 3.7%
2003 11% 2.7%
2002 3% 2.7%
2001 5.4% 1.9%
2000 6.8% 2.8%
1999 4.6% 2.8%
1998 5.1% 3.1%
1997 1.9% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 4.52% in Tunisia. In 2024, inflation was 4.7% in Guinea and 7% in Tunisia.

Top exports between countries

Guinea
Export category Export value
Wood & paper products $81K
Tunisia
Export category Export value
Processed food, beverages & tobacco $15.5M
Metals $6.29M
Machinery & equipment $3M
Chemicals & pharma $2.29M
Textiles & consumer goods $1.32M
Animal & marine products $548K
Wood & paper products $466K
Miscellaneous $321K
Raw materials & minerals $290K
Raw agricultural goods $73K

Balance of trade

Guinea Tunisia
Current account balance
-$392M
2024
-$775M
2024
Current account balance ranking
104/190
2024
117/190
2024
Current account balance, % of GDP
-1.57%
2024
-1.51%
2024
Goods imports
$7.08B
2024
$18.7B
2024
Goods exports
$11.6B
2024
$8.95B
2024
Service imports
$3.15B
2024
$3.92B
2024
Service exports
$71.2M
2024
$11.2B
2024
Imports of goods and services, % of GDP
56.4%
2024
56.3%
2024
Exports of goods and services, % of GDP
41.4%
2024
50%
2024

Economic freedom indices

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

Guinea Tunisia
Economic freedom 53.1 48.1
Economic freedom ranking 141/197 172/197
Property rights 21.3 55.7
Government integrity 26.7 42.1
Judicial effectiveness 26 39.7
Tax burden 70.1 68.5
Government spending 90.1 62.5
Fiscal health 74.8 16
Business freedom 44.8 59.4
Labor freedom 56.4 55.8
Monetary freedom 75.3 72.4
Trade freedom 61.8 54.6
Investment freedom 50 20
Financial freedom 40 30

Economic freedom comparison by year

Guinea
Tunisia
1x
Year Economic freedom index
Guinea Tunisia
2026 53.1 48.1
2025 54.6 49.1
2024 53.3 48.8
2023 53.2 52.9
2022 54.2 54.2
2021 56.5 56.6
2020 56.5 55.8
2019 55.7 55.4
2018 52.2 58.9
2017 47.6 55.7
2016 53.3 57.6
2015 52.1 57.7
2014 53.5 57.3
2013 51.2 57
2012 50.8 58.6
2011 51.7 58.5
2010 51.8 58.9
2009 51 58
2008 52.8 60.1
2007 54.5 60.3
2006 52.8 57.5
2005 57.4 55.4
2004 56.1 58.4
2003 54.6 58.1
2002 52.9 60.2
2001 58.4 60.8
2000 58.2 61.3
1999 59.4 61.1
1998 61 63.9
1997 52.9 63.8
1996 58.5 63.9
1995 59.4 63.4

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Tunisia
Services, % of GDP
36.3%
2024
62.6%
2024
Industry, % of GDP
25.1%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
9.74%
2024
GNI, Atlas method
$21.3B
2024
$47.7B
2024
GNI per capita, PPP
$4,130
2024
$14,230
2024
Total reserves including gold
$1.89B
2023
$9.34B
2024
Total reserves ranking
128/177
2023
80/177
2024
Net foreign direct investment
-$1.4B
2024
-$725M
2024
Net inflows of foreign direct investment
$1.4B
2024
$760M
2024
Net outflows of foreign direct investment
$30K
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
10.9%
2024
Poverty at national poverty lines
47%
2020
16.6%
2021
Gross capital formation, % of GDP
32.1%
2024
7.86%
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/tunisia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2024, 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. TradeMap (2016–2023, retrieved 2026-02-08)
  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)

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.