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Economy of Guinea vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $552B for the United Arab Emirates, ranking 118/197 and 27/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Guinea vs United Arab Emirates GDP by year

Guinea
United Arab Emirates
1x
Year GDP, current $
Guinea UAE
2024 $25,008,678,293 $552,324,846,835
2023 $22,407,615,556 $522,622,191,967
2022 $19,910,452,542 $511,403,403,676
2021 $17,069,115,738 $422,441,388,700
2020 $14,088,693,743 $357,161,878,829
2019 $13,442,861,496 $433,926,208,305
2018 $11,857,030,367 $440,560,108,918
2017 $10,324,668,271 $403,365,010,211
2016 $8,595,955,222 $381,717,086,453
2015 $8,794,201,743 $381,973,042,886
2014 $8,778,473,373 $424,935,874,745
2013 $8,376,613,539 $409,632,675,289
2012 $7,638,044,557 $392,793,464,942
2011 $6,785,137,203 $368,881,143,635
2010 $6,853,467,146 $307,736,419,333
2009 $6,716,905,340 $253,547,358,747
2008 $6,964,179,983 $315,474,615,739
2007 $6,281,918,226 $257,916,133,424
2006 $4,220,019,845 $222,116,541,865
2005 $4,282,468,637 $180,617,467,965
2004 $5,300,767,961 $147,824,370,320
2003 $5,025,167,975 $124,346,358,067
2002 $4,301,608,753 $109,816,201,498
2001 $4,125,527,603 $103,311,640,572
2000 $4,367,458,867 $104,337,372,362
1999 $5,046,806,783 $84,445,473,111
1998 $5,232,118,046 $75,674,336,283
1997 $5,516,916,163 $78,839,008,445
1996 $5,641,243,100 $73,571,233,996
1995 $5,385,704,166 $65,743,666,576
1994 $4,932,800,407 $59,305,093,980
1993 $4,781,166,117 $55,625,170,253
1992 $4,789,220,417 $54,239,171,888
1991 $4,396,178,694 $51,552,165,622
1990 $3,888,320,666 $50,701,443,748
1989 $3,546,079,263 $41,464,995,914
1988 $3,476,480,303 $36,275,674,203
1987 $2,976,714,019 $36,384,908,744
1986 $2,909,130,355 $33,943,612,095
1985 $22,787,644,566 $40,603,650,232
1984 $18,421,497,251 $41,807,954,236
1983 $15,129,893,722 $42,803,323,345
1982 $11,926,032,493 $46,622,718,605
1981 $9,646,440,667 $49,333,424,135
1980 $9,746,524,915 $43,599,160,050
1979 $8,877,094,497 $31,225,659,621
1978 $8,087,305,999 $23,775,764,225
1977 $6,914,381,291 $24,871,775,165
1976 $6,762,781,871 $19,213,158,779
1975 $6,102,769,605 $14,720,728,249
1974 $5,691,417,541 $11,651,505,689
1973 $5,152,080,388 $4,231,243,616
1972 $4,203,069,035 $1,415,086,929
1971 $3,594,302,908 $939,893,600
1970 $3,220,224,608 $685,986,701

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/guinea/united-arab-emirates | CC BY

GDP per capita in Guinea vs United Arab Emirates by year

Guinea
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $50,274 $79,229
2023 $1,555 $4,334 $49,851 $77,955
2022 $1,417 $4,062 $50,760 $75,072
2021 $1,245 $3,739 $44,119 $68,580
2020 $1,054 $3,332 $37,992 $66,791
2019 $1,031 $3,106 $45,939 $79,816
2018 $933 $2,844 $47,135 $77,446
2017 $834 $2,687 $43,734 $70,282
2016 $712 $2,255 $42,721 $69,987
2015 $747 $1,930 $44,910 $73,986
2014 $765 $1,873 $52,725 $87,478
2013 $748 $1,842 $53,247 $87,526
2012 $699 $1,790 $53,142 $89,198
2011 $637 $1,705 $51,922 $89,665
2010 $659 $1,622 $44,795 $85,120
2009 $662 $1,567 $37,803 $84,780
2008 $704 $1,614 $50,054 $94,628
2007 $650 $1,558 $45,855 $100,813
2006 $447 $1,453 $44,343 $106,814
2005 $463 $1,422 $38,719 $101,301
2004 $585 $1,366 $33,377 $98,661
2003 $566 $1,328 $29,660 $92,636
2002 $496 $1,315 $27,754 $88,467
2001 $483 $1,251 $27,745 $90,370
2000 $518 $1,196 $29,866 $92,899
1999 $611 $1,163 $25,856 $87,658
1998 $647 $1,130 $24,889 $90,229
1997 $696 $1,099 $27,983 $96,009
1996 $726 $1,048 $28,323 $94,620
1995 $713 $1,014 $27,003 $93,702
1994 $672 $976 $25,473 $89,959
1993 $671 $947 $25,033 $86,330
1992 $693 $908 $25,648 $87,509
1991 $656 $887 $25,691 $87,250
1990 $604 $871 $26,710 $88,455
1989 $570 - $23,167 -
1988 $574 - $21,570 -
1987 $505 - $23,113 -
1986 $506 - $23,132 -
1985 $4,062 - $29,468 -
1984 $3,362 - $32,012 -
1983 $2,823 - $34,650 -
1982 $2,273 - $39,972 -
1981 $1,876 - $44,854 -
1980 $1,931 - $42,925 -
1979 $1,790 - $34,238 -
1978 $1,658 - $29,379 -
1977 $1,440 - $35,020 -
1976 $1,431 - $31,197 -
1975 $1,311 - $27,117 -
1974 $1,243 - $23,823 -
1973 $1,143 - $9,696 -
1972 $948 - $3,675 -
1971 $825 - $2,805 -
1970 $753 - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/guinea/united-arab-emirates | CC BY

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Guinea UAE
Gross domestic product
$25B
2024
$552B
2024
GDP rank
118/197
2024
27/197
2024
GDP growth
5.35%
2023-2024
3.99%
2023-2024
GDP per capita
$1,695
2024
$50,274
2024
GDP per capita rank
160/197
2024
24/197
2024
GDP per capita, PPP
$4,565
2024
$79,229
2024
GDP per capita PPP rank
161/197
2024
16/197
2024
Government debt
$12.2B
2024
$193B
2024
Debt-to-GDP ratio
48.8%
2024
34.9%
2024
Government debt per person
$828
2024
$17,568
2024
Government debt per person rank
147/185
2024
36/185
2024
Average annual personal income after taxes
$20,020
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
23.1%
2018
20.5%
2018
Income share by poorest 10%
3.5%
2018
2.8%
2018
Government expenditure, % of GDP
20.6%
2024
21.4%
2024
Consumer prices inflation
4.7%
2023-2024
1.7%
2023-2024
Central bank interest rate n/a
3.65%
2025
Unemployment rate
5.02%
2019
1.88%
2024
Population
15546235
11686438

Spending and national debt comparison by year

Guinea
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Guinea UAE
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 21.4% 34.9%
2023 18.3% 40.4% 22.7% 31.9%
2022 15.7% 37.9% 22.7% 31.5%
2021 15.1% 40.6% 25.9% 35.7%
2020 17.1% 45.3% 30.5% 30.1%
2019 14.9% 37.3% 27.4% 25.8%
2018 15.9% 37.5% 25.9% 20.7%
2017 17.3% 39.9% 27.2% 21.2%
2016 16.1% 40.6% 31.7% 18.6%
2015 21.7% 41.5% 26.4% 15.6%
2014 20.1% 32.1% 31.4% 13.5%
2013 18.6% 30.5% 28.9% 15.3%
2012 19.6% 26.9% 27.8% 20.2%
2011 16% 53.8% 29.6% 20.4%
2010 20.5% 71.1% 30.4% 18.3%
2009 16.2% 61.3% 35% 21.1%
2008 10.1% 58.5% 22% 8.95%
2007 8.66% 60.8% 17.7% 8.89%
2006 13.2% 95.2% 15.6% 5.05%
2005 11% 97.9% 15.7% 4.48%
2004 13% 86.9% 17.7% 4.08%
2003 14.7% 81.6% 20% 3.33%
2002 14.4% 82.6% 21.3% 3.43%
2001 14.9% 90.4% 25.2% 2.69%
2000 12.6% 91.5% 21.8% 3.12%
1999 11.6% 92.3% 24.3% 4.73%
1998 10.3% 75.9% 25.8% 4.18%
1997 12.6% 67.9% 22.6% 2.86%
1996 12% 67.7% 27.6% 3.48%
1995 12.7% 66.5% 26.1% 5.06%
1994 12.6% 71.3% 30.1% 5.58%
1993 13.3% 68.9% 31.5% 6.01%
1992 13.8% 62% 29.6% 5.31%
1991 16.3% 70.9% 36% 4.97%
1990 18.7% 71.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/guinea/united-arab-emirates | CC BY

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 34.9% in the United Arab Emirates, ranking 111/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Guinea UAE
2024 -4.99% 6.41%
2023 -3.86% 5.82%
2022 -1.88% 9.8%
2021 -1.7% 3.96%
2020 -3.08% -2.42%
2019 -0.17% 2.5%
2018 -0.97% 3.65%
2017 -1.98% -0.16%
2016 -0.08% -2.95%
2015 -6.53% -6.35%
2014 -3.01% 1.74%
2013 -3.86% 7.99%
2012 23.7% 8.59%
2011 -0.92% 5.05%
2010 -9.66% 0.52%
2009 -4.87% -6.13%
2008 0.38% 17.6%
2007 1.28% 17.1%
2006 -2.13% 20.2%
2005 -1.06% 16%
2004 -3.85% 6.4%
2003 -4.65% 2.35%
2002 -3.37% -1.24%
2001 -3.23% 1.21%
2000 -2.42% 10.7%
1999 -1.3% 1.31%
1998 2.46% 1%
1997 0.07% 6.71%
1996 -2.2% 0.92%
1995 -1.07% 3.58%
1994 -2.59% -1.78%
1993 -2.33% -2.89%
1992 -0.89% 3.34%
1991 -3.25% 3.89%
1990 -3.76% -

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

GeoRank.org/economy/guinea/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Guinea recorded a fiscal deficit in 29 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Guinea posted an annual deficit equal to 1.59% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Guinea

United Arab Emirates
1x
Year Consumer prices inflation
Guinea UAE
2024 4.7% 1.7%
2023 5.4% 1.6%
2022 10.5% 4.8%
2021 12.6% -0.1%
2020 10.6% -2.1%
2019 9.5% -1.9%
2018 9.8% 3.1%
2017 8.9% 2%
2016 8.2% 1.6%
2015 8.2% 4.1%
2014 9.7% 2.3%
2013 11.9% 1.1%
2012 15.2% 0.7%
2011 21.4% 0.9%
2010 15.5% 0.9%
2009 4.7% -4.7%
2008 18.4% 12.3%
2007 22.9% 11.1%
2006 34.7% 9.3%
2005 31.4% 6.2%
2004 17.5% 5%
2003 11% 3.1%
2002 3% 2.9%
2001 5.4% 2.8%
2000 6.8% 1.3%
1999 4.6% 2.1%
1998 5.1% 2%
1997 1.9% 3%

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

GeoRank.org/economy/guinea/united-arab-emirates | CC BY

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 4.7% in Guinea and 1.7% in the United Arab Emirates.

Top exports between countries

Guinea
Export category Export value
Precious metals & jewellery $664M
Metals $49K
Raw agricultural goods $11K
Miscellaneous $2K
UAE
Export category Export value
Machinery & equipment $119M
Processed food, beverages & tobacco $75.4M
Chemicals & pharma $29.5M
Raw materials & minerals $25.5M
Metals $15.9M
Textiles & consumer goods $8.7M
Precious metals & jewellery $5.1M
Animal & marine products $2.25M
Wood & paper products $1.68M
Raw agricultural goods $1.08M

Balance of trade

Guinea UAE
Current account balance
-$392M
2024
$80B
2024
Current account balance ranking
104/190
2024
9/190
2024
Current account balance, % of GDP
-1.57%
2024
+14.5%
2024
Goods imports
$7.08B
2024
$400B
2024
Goods exports
$11.6B
2024
$467B
2024
Service imports
$3.15B
2024
$117B
2024
Service exports
$71.2M
2024
$181B
2024
Imports of goods and services, % of GDP
56.4%
2024
92.2%
2023
Exports of goods and services, % of GDP
41.4%
2024
106.8%
2023

Economic freedom indices

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

Guinea UAE
Economic freedom 53.1 71.9
Economic freedom ranking 141/197 29/197
Property rights 21.3 62.9
Government integrity 26.7 65.3
Judicial effectiveness 26 34.4
Tax burden 70.1 99.9
Government spending 90.1 85.1
Fiscal health 74.8 97.6
Business freedom 44.8 84.5
Labor freedom 56.4 63.2
Monetary freedom 75.3 81.2
Trade freedom 61.8 78.6
Investment freedom 50 50
Financial freedom 40 60

Economic freedom comparison by year

Guinea
United Arab Emirates
1x
Year Economic freedom index
Guinea UAE
2026 53.1 71.9
2025 54.6 71.6
2024 53.3 71.1
2023 53.2 70.9
2022 54.2 70.2
2021 56.5 76.9
2020 56.5 76.2
2019 55.7 77.6
2018 52.2 77.6
2017 47.6 76.9
2016 53.3 72.6
2015 52.1 72.4
2014 53.5 71.4
2013 51.2 71.1
2012 50.8 69.3
2011 51.7 67.8
2010 51.8 67.3
2009 51 64.7
2008 52.8 62.6
2007 54.5 62.6
2006 52.8 62.2
2005 57.4 65.2
2004 56.1 67.2
2003 54.6 73.4
2002 52.9 73.6
2001 58.4 74.9
2000 58.2 74.2
1999 59.4 71.5
1998 61 72.2
1997 52.9 71.9
1996 58.5 71.6
1995 59.4 -

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

GeoRank.org/economy/guinea/united-arab-emirates | CC BY

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea UAE
Services, % of GDP
36.3%
2024
54.9%
2024
Industry, % of GDP
25.1%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
0.77%
2024
GNI, Atlas method
$21.3B
2024
$566B
2024
GNI per capita, PPP
$4,130
2024
$81,530
2024
Total reserves including gold
$1.89B
2023
$238B
2024
Total reserves ranking
128/177
2023
14/177
2024
Net foreign direct investment
-$1.4B
2024
$31.5B
2024
Net inflows of foreign direct investment
$1.4B
2024
$45.6B
2024
Net outflows of foreign direct investment
$30K
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
47%
2020
19.5%
2020
Gross capital formation, % of GDP
32.1%
2024
26.6%
2023

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/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.