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Economy of Guinea vs Ukraine compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $214B for Ukraine, ranking 117/197 and 57/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Guinea vs Ukraine GDP by year

Guinea
Ukraine
1x
Year GDP, current $
Guinea Ukraine
2025 $28,346,024,753 $214,233,312,784
2024 $25,008,678,293 $190,833,835,445
2023 $22,407,615,556 $181,221,517,869
2022 $19,910,452,542 $161,989,520,721
2021 $17,069,115,738 $199,765,859,571
2020 $14,088,693,743 $156,617,722,013
2019 $13,442,861,496 $153,883,047,510
2018 $11,857,030,367 $130,891,088,294
2017 $10,324,668,271 $112,090,505,082
2016 $8,595,955,222 $93,355,869,404
2015 $8,794,201,743 $91,030,967,789
2014 $8,778,473,373 $133,503,871,862
2013 $8,376,613,539 $190,498,811,460
2012 $7,638,044,557 $182,591,753,828
2011 $6,785,137,203 $169,333,835,202
2010 $6,853,467,146 $141,209,170,427
2009 $6,716,905,340 $121,552,153,444
2008 $6,964,179,983 $188,110,390,660
2007 $6,281,918,226 $148,733,861,386
2006 $4,220,019,845 $111,884,752,475
2005 $4,282,468,637 $89,238,865,119
2004 $5,300,767,961 $67,220,154,164
2003 $5,025,167,975 $52,010,355,753
2002 $4,301,608,753 $43,956,163,612
2001 $4,125,527,603 $39,309,580,983
2000 $4,367,458,867 $32,375,083,935
1999 $5,046,806,783 $31,580,639,554
1998 $5,232,118,046 $41,882,523,345
1997 $5,516,916,163 $50,151,531,592
1996 $5,641,243,100 $44,558,831,005
1995 $5,385,704,166 $48,213,856,469
1994 $4,932,800,407 $52,549,580,265
1993 $4,781,166,117 $65,648,559,903
1992 $4,789,220,417 $73,945,908,384
1991 $4,396,178,694 $77,350,733,982
1990 $3,888,320,666 $81,393,558,423
1989 $3,546,079,263 $82,709,161,099
1988 $3,476,480,303 $74,703,517,903
1987 $2,976,714,019 $64,087,694,038
1986 $2,909,130,355 -
1985 $22,787,644,566 -
1984 $18,421,497,251 -
1983 $15,129,893,722 -
1982 $11,926,032,493 -
1981 $9,646,440,667 -
1980 $9,746,524,915 -
1979 $8,877,094,497 -
1978 $8,087,305,999 -
1977 $6,914,381,291 -
1976 $6,762,781,871 -
1975 $6,102,769,605 -
1974 $5,691,417,541 -
1973 $5,152,080,388 -
1972 $4,203,069,035 -
1971 $3,594,302,908 -
1970 $3,220,224,608 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Ukraine by year

Guinea
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $5,496 -
2024 $1,695 $4,565 $5,040 $18,549
2023 $1,555 $4,334 $4,803 $17,665
2022 $1,417 $4,062 $3,946 $14,770
2021 $1,245 $3,739 $4,510 $17,846
2020 $1,054 $3,332 $3,505 $15,541
2019 $1,031 $3,106 $3,423 $14,217
2018 $933 $2,844 $2,895 $12,555
2017 $834 $2,687 $2,467 $11,536
2016 $712 $2,255 $2,047 $10,865
2015 $747 $1,930 $1,988 $9,922
2014 $765 $1,873 $2,904 $10,494
2013 $748 $1,842 $4,130 $10,904
2012 $699 $1,790 $3,951 $9,552
2011 $637 $1,705 $3,657 $9,127
2010 $659 $1,622 $3,040 $8,453
2009 $662 $1,567 $2,607 $7,995
2008 $704 $1,614 $4,018 $9,324
2007 $650 $1,558 $3,160 $8,900
2006 $447 $1,453 $2,366 $7,971
2005 $463 $1,422 $1,875 $7,142
2004 $585 $1,366 $1,401 $6,663
2003 $566 $1,328 $1,076 $5,764
2002 $496 $1,315 $903 $5,123
2001 $483 $1,251 $800 $4,747
2000 $518 $1,196 $653 $4,228
1999 $611 $1,163 $632 $3,871
1998 $647 $1,130 $831 $3,794
1997 $696 $1,099 $987 $3,794
1996 $726 $1,048 $870 $3,812
1995 $713 $1,014 $933 $4,124
1994 $672 $976 $1,009 $4,565
1993 $671 $947 $1,254 $5,766
1992 $693 $908 $1,413 $6,568
1991 $656 $887 $1,483 $7,148
1990 $604 $871 $1,564 $7,591
1989 $570 - $1,593 -
1988 $574 - $1,444 -
1987 $505 - $1,244 -
1986 $506 - - -
1985 $4,062 - - -
1984 $3,362 - - -
1983 $2,823 - - -
1982 $2,273 - - -
1981 $1,876 - - -
1980 $1,931 - - -
1979 $1,790 - - -
1978 $1,658 - - -
1977 $1,440 - - -
1976 $1,431 - - -
1975 $1,311 - - -
1974 $1,243 - - -
1973 $1,143 - - -
1972 $948 - - -
1971 $825 - - -
1970 $753 - - -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Ukraine ranks 101st at $18,549.

Economic indicators

Guinea Ukraine
Gross domestic product
$28.3B
2025
$214B
2025
GDP rank
117/197
2025
57/197
2025
GDP growth
7.45%
2024-2025
1.82%
2024-2025
GDP per capita
$1,877
2025
$5,496
2025
GDP per capita rank
161/197
2025
118/197
2025
GDP per capita, PPP
$4,565
2024
$18,549
2024
GDP per capita PPP rank
161/197
2024
101/197
2024
Government debt
$13.6B
2025
$233B
2025
Debt-to-GDP ratio
48.1%
2025
108.7%
2025
Government debt per person
$902
2025
$5,977
2025
Government debt per person rank
146/185
2025
76/185
2025
Average annual personal income after taxes
$1,966
2026
$5,580
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2026
Income share by richest 10%
23.1%
2018
21.7%
2020
Income share by poorest 10%
3.5%
2018
4.3%
2020
Government expenditure, % of GDP
25.2%
2025
74.5%
2025
Consumer prices inflation
3.1%
2024-2025
12.7%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
5.02%
2019
9.83%
2021
Population
15624314
40408451

Spending and national debt comparison by year

Guinea
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Guinea Ukraine
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 74.5% 108.7%
2024 20.6% 48.3% 71.2% 89.7%
2023 18.3% 39.8% 73.4% 81.2%
2022 15.7% 37.2% 65.4% 77.7%
2021 15.1% 40.6% 40.5% 48.9%
2020 17.1% 45.3% 45.6% 60.5%
2019 14.9% 37.3% 41.5% 50.5%
2018 15.9% 37.5% 41.9% 60.4%
2017 17.3% 39.9% 41.7% 71.6%
2016 16.1% 40.6% 40.8% 79.5%
2015 21.7% 41.5% 43% 79.3%
2014 20.1% 32.1% 44.8% 70.3%
2013 18.6% 30.5% 46.3% 39%
2012 19.6% 26.9% 47.1% 36.1%
2011 16% 53.8% 44% 35.5%
2010 20.5% 71.1% 47.3% 39.1%
2009 16.2% 61.3% 46.8% 34.1%
2008 10.1% 58.5% 45.4% 19.7%
2007 8.66% 60.8% 42.1% 11.8%
2006 13.2% 95.2% 42.9% 14.3%
2005 11% 97.9% 42.6% 17.1%
2004 13% 86.9% 40.1% 23.9%
2003 14.7% 81.6% 37.5% 28.3%
2002 14.4% 82.6% 36.5% 32.3%
2001 14.9% 90.4% 35.3% 35.3%
2000 12.6% 91.5% 35.4% 43.7%
1999 11.6% 92.3% 26.7% 61%
1998 10.3% 75.9% 38.4% 48.1%
1997 12.6% 67.9% 42.2% 29.9%
1996 12% 67.7% 38.2% 24.4%
1995 12.7% 66.5% 42.7% 30.2%
1994 12.6% 71.3% - -
1993 13.3% 68.9% - -
1992 13.8% 62% - -
1991 16.3% 70.9% - -
1990 18.7% 71.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-07-08).

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

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 108.7% in Ukraine, ranking 111/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Ukraine
1x
Year Deficit/surplus, % of GDP
Guinea Ukraine
2025 -7% -23.3%
2024 -4.99% -17.2%
2023 -3.86% -19.3%
2022 -1.88% -15.6%
2021 -1.7% -3.97%
2020 -3.08% -5.92%
2019 -0.17% -2.08%
2018 -0.97% -2.12%
2017 -1.98% -2.36%
2016 -0.08% -2.46%
2015 -6.53% -1.16%
2014 -3.01% -4.46%
2013 -3.86% -4.6%
2012 23.7% -4.15%
2011 -0.92% -2.66%
2010 -9.66% -5.56%
2009 -4.87% -6.04%
2008 0.38% -3.02%
2007 1.28% -1.89%
2006 -2.13% -1.31%
2005 -1.06% -2.19%
2004 -3.85% -4.25%
2003 -4.65% -0.86%
2002 -3.37% -1.77%
2001 -3.23% -2.92%
2000 -2.42% -3.18%
1999 -1.3% 5.12%
1998 2.46% -2.78%
1997 0.07% -5.56%
1996 -2.2% -3.2%
1995 -1.07% -4.88%
1994 -2.59% -
1993 -2.33% -
1992 -0.89% -
1991 -3.25% -
1990 -3.76% -

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

GeoRank.org/economy/guinea/ukraine | 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 Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Guinea recorded a fiscal deficit in 26 of those years, while Ukraine ran a deficit in 30 years. On average, Guinea posted an annual deficit equal to 1.68% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Guinea

Ukraine
1x
Year Consumer prices inflation
Guinea Ukraine
2025 3.1% 12.7%
2024 4.5% 6.5%
2023 5.4% 12.9%
2022 10.5% 20.2%
2021 12.6% 9.4%
2020 10.6% 2.7%
2019 9.5% 7.9%
2018 9.8% 10.9%
2017 8.9% 14.4%
2016 8.2% 13.9%
2015 8.2% 48.7%
2014 9.7% 12.1%
2013 11.9% -0.3%
2012 15.2% 0.6%
2011 21.4% 8%
2010 15.5% 9.4%
2009 4.7% 15.9%
2008 18.4% 25.2%
2007 22.9% 12.8%
2006 34.7% 9.1%
2005 31.4% 13.5%
2004 17.5% 9%
2003 11% 5.2%
2002 3% 0.8%
2001 5.4% 12%
2000 6.8% 28.2%
1999 4.6% 22.7%
1998 5.1% 10.6%
1997 1.9% 15.9%

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

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 12.8% in Ukraine. In 2025, inflation was 3.1% in Guinea and 12.7% in Ukraine.

Top exports between countries

Guinea
Export category Export value
Raw materials & minerals $48.8M
Miscellaneous $7K
Ukraine
Export category Export value
Processed food, beverages & tobacco $5.4M
Metals $370K
Raw agricultural goods $278K
Animal & marine products $190K
Machinery & equipment $125K
Chemicals & pharma $51K
Wood & paper products $38K
Raw materials & minerals $28K
Textiles & consumer goods $7K

Balance of trade

Guinea Ukraine
Current account balance
-$392M
2024
-$15.2B
2024
Current account balance ranking
101/190
2024
180/190
2024
Current account balance, % of GDP
-1.57%
2024
-7.96%
2024
Goods imports
$7.08B
2024
$72.3B
2024
Goods exports
$11.6B
2024
$39.3B
2024
Service imports
$3.15B
2024
$23.1B
2024
Service exports
$71.2M
2024
$17.3B
2024
Imports of goods and services, % of GDP
62.3%
2025
51.8%
2025
Exports of goods and services, % of GDP
41.4%
2025
25.3%
2025

Economic freedom indices

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

Guinea Ukraine
Economic freedom 53.1 54.1
Economic freedom ranking 141/197 135/197
Property rights 21.3 21.6
Government integrity 26.7 35
Judicial effectiveness 26 28.2
Tax burden 70.1 83.7
Government spending 90.1 0
Fiscal health 74.8 3.9
Business freedom 44.8 57.4
Labor freedom 56.4 46.9
Monetary freedom 75.3 65.7
Trade freedom 61.8 73
Investment freedom 50 35
Financial freedom 40 30

Economic freedom comparison by year

Guinea
Ukraine
1x
Year Economic freedom index
Guinea Ukraine
2026 53.1 -
2025 54.6 -
2024 53.3 -
2023 53.2 -
2022 54.2 54.1
2021 56.5 56.2
2020 56.5 54.9
2019 55.7 52.3
2018 52.2 51.9
2017 47.6 48.1
2016 53.3 46.8
2015 52.1 46.9
2014 53.5 49.3
2013 51.2 46.3
2012 50.8 46.1
2011 51.7 45.8
2010 51.8 46.4
2009 51 48.8
2008 52.8 51
2007 54.5 51.5
2006 52.8 54.4
2005 57.4 55.8
2004 56.1 53.7
2003 54.6 51.1
2002 52.9 48.2
2001 58.4 48.5
2000 58.2 47.8
1999 59.4 43.7
1998 61 40.4
1997 52.9 43.5
1996 58.5 40.6
1995 59.4 39.9

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Ukraine
Services, % of GDP
35.7%
2025
61%
2025
Industry, % of GDP
25.4%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
7.57%
2025
GNI, Atlas method
$26.2B
2025
$201B
2025
GNI per capita, PPP
$4,730
2025
$18,750
2025
Total reserves including gold
$1.35B
2024
$57.3B
2025
Total reserves ranking
137/177
2024
43/177
2025
Net foreign direct investment
-$1.4B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$1.4B
2024
$4.02B
2024
Net outflows of foreign direct investment
$30K
2024
$305M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
5.4%
2024
Poverty at national poverty lines
47%
2020
23.2%
2020
Gross capital formation, % of GDP
37%
2025
20.8%
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/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, 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 (2016–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, 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.