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Economy of Guinea vs Uruguay compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $81B for Uruguay, ranking 118/197 and 81/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Guinea vs Uruguay GDP by year

Guinea
Uruguay
1x
Year GDP, current $
Guinea Uruguay
2024 $25,008,678,293 $80,961,511,074
2023 $22,407,615,556 $77,991,666,838
2022 $19,910,452,542 $70,594,110,920
2021 $17,069,115,738 $60,739,084,241
2020 $14,088,693,743 $53,559,359,262
2019 $13,442,861,496 $62,222,313,619
2018 $11,857,030,367 $65,344,577,416
2017 $10,324,668,271 $65,005,997,963
2016 $8,595,955,222 $57,480,787,465
2015 $8,794,201,743 $57,680,327,999
2014 $8,778,473,373 $61,496,186,974
2013 $8,376,613,539 $61,337,621,934
2012 $7,638,044,557 $54,232,266,359
2011 $6,785,137,203 $50,342,406,067
2010 $6,853,467,146 $41,950,361,212
2009 $6,716,905,340 $32,708,319,078
2008 $6,964,179,983 $31,119,602,539
2007 $6,281,918,226 $23,797,773,024
2006 $4,220,019,845 $19,741,420,740
2005 $4,282,468,637 $17,362,857,684
2004 $5,300,767,961 $13,686,329,890
2003 $5,025,167,975 $12,045,638,352
2002 $4,301,608,753 $13,606,515,723
2001 $4,125,527,603 $20,898,761,742
2000 $4,367,458,867 $22,823,270,892
1999 $5,046,806,783 $23,983,945,191
1998 $5,232,118,046 $25,385,886,978
1997 $5,516,916,163 $23,969,739,234
1996 $5,641,243,100 $20,515,458,114
1995 $5,385,704,166 $19,297,663,097
1994 $4,932,800,407 $17,474,588,896
1993 $4,781,166,117 $15,002,136,971
1992 $4,789,220,417 $12,878,148,791
1991 $4,396,178,694 $11,206,176,651
1990 $3,888,320,666 $9,298,807,850
1989 $3,546,079,263 $8,438,951,476
1988 $3,476,480,303 $8,213,538,369
1987 $2,976,714,019 $7,367,494,080
1986 $2,909,130,355 $5,880,112,788
1985 $22,787,644,566 $4,732,017,873
1984 $18,421,497,251 $4,850,238,550
1983 $15,129,893,722 $5,102,276,308
1982 $11,926,032,493 $9,178,780,077
1981 $9,646,440,667 $11,048,301,421
1980 $9,746,524,915 $10,163,020,116
1979 $8,877,094,497 $7,181,182,224
1978 $8,087,305,999 $4,910,254,566
1977 $6,914,381,291 $4,114,670,014
1976 $6,762,781,871 $3,667,161,241
1975 $6,102,769,605 $3,538,278,047
1974 $5,691,417,541 $4,090,209,682
1973 $5,152,080,388 $3,964,296,443
1972 $4,203,069,035 $2,189,418,689
1971 $3,594,302,908 $2,807,258,065
1970 $3,220,224,608 $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Guinea vs Uruguay by year

Guinea
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $23,907 $36,418
2023 $1,555 $4,334 $23,019 $34,471
2022 $1,417 $4,062 $20,819 $33,001
2021 $1,245 $3,739 $17,882 $29,432
2020 $1,054 $3,332 $15,758 $25,725
2019 $1,031 $3,106 $18,316 $25,783
2018 $933 $2,844 $19,250 $24,386
2017 $834 $2,687 $19,185 $23,607
2016 $712 $2,255 $17,010 $22,841
2015 $747 $1,930 $17,126 $22,169
2014 $765 $1,873 $18,322 $21,868
2013 $748 $1,842 $18,335 $20,661
2012 $699 $1,790 $16,260 $19,495
2011 $637 $1,705 $15,132 $19,135
2010 $659 $1,622 $12,641 $17,873
2009 $662 $1,567 $9,881 $16,422
2008 $704 $1,614 $9,424 $15,694
2007 $650 $1,558 $7,222 $14,397
2006 $447 $1,453 $6,001 $13,179
2005 $463 $1,422 $5,284 $12,296
2004 $585 $1,366 $4,169 $11,103
2003 $566 $1,328 $3,671 $10,303
2002 $496 $1,315 $4,150 $10,030
2001 $483 $1,251 $6,383 $10,719
2000 $518 $1,196 $6,988 $10,929
1999 $611 $1,163 $7,371 $10,938
1998 $647 $1,130 $7,837 $11,002
1997 $696 $1,099 $7,436 $10,461
1996 $726 $1,048 $6,398 $9,524
1995 $713 $1,014 $6,050 $8,906
1994 $672 $976 $5,508 $8,897
1993 $671 $947 $4,753 $8,162
1992 $693 $908 $4,102 $7,808
1991 $656 $887 $3,589 $7,112
1990 $604 $871 $2,995 $6,683
1989 $570 - $2,734 -
1988 $574 - $2,677 -
1987 $505 - $2,416 -
1986 $506 - $1,939 -
1985 $4,062 - $1,568 -
1984 $3,362 - $1,615 -
1983 $2,823 - $1,707 -
1982 $2,273 - $3,085 -
1981 $1,876 - $3,728 -
1980 $1,931 - $3,443 -
1979 $1,790 - $2,443 -
1978 $1,658 - $1,678 -
1977 $1,440 - $1,414 -
1976 $1,431 - $1,268 -
1975 $1,311 - $1,232 -
1974 $1,243 - $1,433 -
1973 $1,143 - $1,397 -
1972 $948 - $776 -
1971 $825 - $1,000 -
1970 $753 - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Uruguay ranks 61st at $36,418.

Economic indicators

Guinea Uruguay
Gross domestic product
$25B
2024
$81B
2024
GDP rank
118/197
2024
81/197
2024
GDP growth
5.35%
2023-2024
3.11%
2023-2024
GDP per capita
$1,695
2024
$23,907
2024
GDP per capita rank
160/197
2024
52/197
2024
GDP per capita, PPP
$4,565
2024
$36,418
2024
GDP per capita PPP rank
161/197
2024
61/197
2024
Government debt
$12.2B
2024
$55.6B
2024
Debt-to-GDP ratio
48.8%
2024
68.7%
2024
Government debt per person
$828
2024
$16,421
2024
Government debt per person rank
147/185
2024
38/185
2024
Average annual personal income after taxes
$20,020
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
23.1%
2018
30%
2024
Income share by poorest 10%
3.5%
2018
2.2%
2024
Government expenditure, % of GDP
20.6%
2024
31.1%
2024
Consumer prices inflation
4.7%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
5.02%
2019
8.21%
2024
Population
15546235
3382789

Spending and national debt comparison by year

Guinea
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Guinea Uruguay
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 31.1% 68.7%
2023 18.3% 40.4% 30.5% 64%
2022 15.7% 37.9% 30% 59.9%
2021 15.1% 40.6% 30.2% 64.1%
2020 17.1% 45.3% 32.8% 68.2%
2019 14.9% 37.3% 30.6% 59.6%
2018 15.9% 37.5% 30.3% 57.9%
2017 17.3% 39.9% 29.7% 55.8%
2016 16.1% 40.6% 29.7% 56.4%
2015 21.7% 41.5% 28.4% 57.8%
2014 20.1% 32.1% 29.1% 51.1%
2013 18.6% 30.5% 28.8% 50%
2012 19.6% 26.9% 27.7% 49.8%
2011 16% 53.8% 26.3% 41.3%
2010 20.5% 71.1% 27.4% 40.9%
2009 16.2% 61.3% 27.2% 46.2%
2008 10.1% 58.5% 26.3% 46.2%
2007 8.66% 60.8% 26.8% 52.8%
2006 13.2% 95.2% 26.8% 61.1%
2005 11% 97.9% 26.3% 66.2%
2004 13% 86.9% 26.6% 73.7%
2003 14.7% 81.6% 27.7% 91.9%
2002 14.4% 82.6% 27.6% 90.1%
2001 14.9% 90.4% 27.8% 39.4%
2000 12.6% 91.5% 26.6% 30.5%
1999 11.6% 92.3% 27.2% 24.1%
1998 10.3% 75.9% 27.3% 19.4%
1997 12.6% 67.9% 27.6% 18.8%
1996 12% 67.7% 26.5% 18.3%
1995 12.7% 66.5% 26.2% 18.5%
1994 12.6% 71.3% 29.5% 19.3%
1993 13.3% 68.9% 27.7% 20%
1992 13.8% 62% 23.6% 22.2%
1991 16.3% 70.9% 22.2% 20.4%
1990 18.7% 71.6% 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 68.7% in Uruguay, ranking 111/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Uruguay
1x
Year Deficit/surplus, % of GDP
Guinea Uruguay
2024 -4.99% -3.22%
2023 -3.86% -3.13%
2022 -1.88% -2.52%
2021 -1.7% -2.61%
2020 -3.08% -4.64%
2019 -0.17% -2.71%
2018 -0.97% -1.89%
2017 -1.98% -2.51%
2016 -0.08% -2.68%
2015 -6.53% -1.86%
2014 -3.01% -2.6%
2013 -3.86% -1.72%
2012 23.7% -2.17%
2011 -0.92% -0.33%
2010 -9.66% -0.39%
2009 -4.87% -1.39%
2008 0.38% -1.31%
2007 1.28% -0.16%
2006 -2.13% -0.64%
2005 -1.06% -0.28%
2004 -3.85% -0.87%
2003 -4.65% -2.19%
2002 -3.37% -3.19%
2001 -3.23% -2.85%
2000 -2.42% -2.76%
1999 -1.3% -2.76%
1998 2.46% -0.76%
1997 0.07% -0.97%
1996 -2.2% -1.32%
1995 -1.07% -1.08%
1994 -2.59% -2.37%
1993 -2.33% -0.47%
1992 -0.89% 0.6%
1991 -3.25% 0.88%
1990 -3.76% 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/guinea/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Uruguay ran a deficit in 32 years. On average, Guinea posted an annual deficit equal to 1.65% of GDP, compared to deficit of 1.67% of GDP for Uruguay.

Inflation comparison by year

Inflation
Guinea

Uruguay
1x
Year Consumer prices inflation
Guinea Uruguay
2024 4.7% 4.85%
2023 5.4% 5.87%
2022 10.5% 9.1%
2021 12.6% 7.75%
2020 10.6% 9.76%
2019 9.5% 7.88%
2018 9.8% 7.61%
2017 8.9% 6.22%
2016 8.2% 9.64%
2015 8.2% 8.67%
2014 9.7% 8.88%
2013 11.9% 8.58%
2012 15.2% 8.1%
2011 21.4% 8.09%
2010 15.5% 6.7%
2009 4.7% 7.06%
2008 18.4% 7.88%
2007 22.9% 8.11%
2006 34.7% 6.4%
2005 31.4% 4.7%
2004 17.5% 9.16%
2003 11% 19.4%
2002 3% 14%
2001 5.4% 4.36%
2000 6.8% 4.76%
1999 4.6% 5.66%
1998 5.1% 10.8%
1997 1.9% 19.8%

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

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

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 8.56% in Uruguay. In 2024, inflation was 4.7% in Guinea and 4.85% in Uruguay.

Top exports between countries

Guinea
Export category Export value
Uruguay
Export category Export value
Animal & marine products $1.24M
Processed food, beverages & tobacco $125K

Balance of trade

Guinea Uruguay
Current account balance
-$392M
2024
-$633M
2024
Current account balance ranking
104/190
2024
111/190
2024
Current account balance, % of GDP
-1.57%
2024
-0.78%
2024
Goods imports
$7.08B
2024
$13B
2024
Goods exports
$11.6B
2024
$16.3B
2024
Service imports
$3.15B
2024
$6.22B
2024
Service exports
$71.2M
2024
$7.1B
2024
Imports of goods and services, % of GDP
56.4%
2024
23.7%
2024
Exports of goods and services, % of GDP
41.4%
2024
28.8%
2024

Economic freedom indices

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

Guinea Uruguay
Economic freedom 53.1 69.8
Economic freedom ranking 141/197 39/197
Property rights 21.3 87.4
Government integrity 26.7 79
Judicial effectiveness 26 80.9
Tax burden 70.1 73.3
Government spending 90.1 72
Fiscal health 74.8 76.6
Business freedom 44.8 83.8
Labor freedom 56.4 61.7
Monetary freedom 75.3 70.2
Trade freedom 61.8 73.2
Investment freedom 50 50
Financial freedom 40 30

Economic freedom comparison by year

Guinea
Uruguay
1x
Year Economic freedom index
Guinea Uruguay
2026 53.1 69.8
2025 54.6 70.2
2024 53.3 69.8
2023 53.2 70.2
2022 54.2 70
2021 56.5 69.3
2020 56.5 69.1
2019 55.7 68.6
2018 52.2 69.2
2017 47.6 69.7
2016 53.3 68.8
2015 52.1 68.6
2014 53.5 69.3
2013 51.2 69.7
2012 50.8 69.9
2011 51.7 70
2010 51.8 69.8
2009 51 69.1
2008 52.8 67.9
2007 54.5 68.4
2006 52.8 65.3
2005 57.4 66.9
2004 56.1 66.7
2003 54.6 69.8
2002 52.9 68.7
2001 58.4 70.7
2000 58.2 69.3
1999 59.4 68.5
1998 61 68.6
1997 52.9 67.5
1996 58.5 63.7
1995 59.4 62.5

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Uruguay
Services, % of GDP
36.3%
2024
65.3%
2024
Industry, % of GDP
25.1%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
6.42%
2024
GNI, Atlas method
$21.3B
2024
$73.3B
2024
GNI per capita, PPP
$4,130
2024
$34,170
2024
Total reserves including gold
$1.89B
2023
$17.4B
2024
Total reserves ranking
128/177
2023
66/177
2024
Net foreign direct investment
-$1.4B
2024
$2.58B
2024
Net inflows of foreign direct investment
$1.4B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$30K
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
47%
2020
17.3%
2024
Gross capital formation, % of GDP
32.1%
2024
15.6%
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/uruguay | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.