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Economy of Guinea vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Guinea has a GDP of $25B compared to $115B for Uzbekistan, ranking 118/197 and 66/197 by economy size, respectively.

Guinea has $12.2B in government debt (48.8% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Guinea vs Uzbekistan GDP by year

Guinea
Uzbekistan
1x
Year GDP, current $
Guinea Uzbekistan
2024 $25,008,678,293 $114,965,293,467
2023 $22,407,615,556 $102,641,879,249
2022 $19,910,452,542 $90,095,926,567
2021 $17,069,115,738 $77,340,060,003
2020 $14,088,693,743 $66,443,265,418
2019 $13,442,861,496 $67,293,639,798
2018 $11,857,030,367 $58,695,899,092
2017 $10,324,668,271 $69,703,222,283
2016 $8,595,955,222 $86,138,288,644
2015 $8,794,201,743 $86,196,264,755
2014 $8,778,473,373 $80,845,385,809
2013 $8,376,613,539 $73,180,037,915
2012 $7,638,044,557 $67,517,349,212
2011 $6,785,137,203 $60,178,909,297
2010 $6,853,467,146 $49,765,676,402
2009 $6,716,905,340 $33,689,223,673
2008 $6,964,179,983 $29,549,438,884
2007 $6,281,918,226 $22,311,393,928
2006 $4,220,019,845 $17,330,833,853
2005 $4,282,468,637 $14,307,509,839
2004 $5,300,767,961 $12,030,023,548
2003 $5,025,167,975 $10,134,453,435
2002 $4,301,608,753 $9,687,788,513
2001 $4,125,527,603 $11,401,421,329
2000 $4,367,458,867 $13,760,513,969
1999 $5,046,806,783 $17,078,465,982
1998 $5,232,118,046 $14,988,971,211
1997 $5,516,916,163 $14,744,603,774
1996 $5,641,243,100 $13,948,892,216
1995 $5,385,704,166 $13,350,461,265
1994 $4,932,800,407 $12,899,074,922
1993 $4,781,166,117 $13,099,920,056
1992 $4,789,220,417 $12,953,801,760
1991 $4,396,178,694 $13,800,167,712
1990 $3,888,320,666 $13,362,340,338
1989 $3,546,079,263 $11,948,815,258
1988 $3,476,480,303 $10,722,799,639
1987 $2,976,714,019 $8,523,160,593
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 (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea vs Uzbekistan by year

Guinea
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,695 $4,565 $3,162 $11,879
2023 $1,555 $4,334 $2,879 $11,107
2022 $1,417 $4,062 $2,579 $10,293
2021 $1,245 $3,739 $2,259 $9,248
2020 $1,054 $3,332 $1,978 $8,452
2019 $1,031 $3,106 $2,041 $8,544
2018 $933 $2,844 $1,813 $8,129
2017 $834 $2,687 $2,191 $7,818
2016 $712 $2,255 $2,753 $6,919
2015 $747 $1,930 $2,803 $6,800
2014 $765 $1,873 $2,675 $6,610
2013 $748 $1,842 $2,462 $6,413
2012 $699 $1,790 $2,307 $6,168
2011 $637 $1,705 $2,088 $5,949
2010 $659 $1,622 $1,753 $5,505
2009 $662 $1,567 $1,206 $5,135
2008 $704 $1,614 $1,075 $4,800
2007 $650 $1,558 $824 $4,386
2006 $447 $1,453 $649 $3,956
2005 $463 $1,422 $543 $3,618
2004 $585 $1,366 $462 $3,321
2003 $566 $1,328 $394 $3,047
2002 $496 $1,315 $381 $2,902
2001 $483 $1,251 $454 $2,782
2000 $518 $1,196 $555 $2,644
1999 $611 $1,163 $698 $2,522
1998 $647 $1,130 $621 $2,418
1997 $696 $1,099 $621 $2,329
1996 $726 $1,048 $597 $2,214
1995 $713 $1,014 $583 $2,178
1994 $672 $976 $574 $2,197
1993 $671 $947 $596 $2,318
1992 $693 $908 $603 $2,371
1991 $656 $887 $658 $2,676
1990 $604 $871 $653 $2,665
1989 $570 - $598 -
1988 $574 - $551 -
1987 $505 - $450 -
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 (1970–2024, retrieved 2026-04-06).

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

Guinea's GDP per capita is $1,695, ranking 160/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Guinea Uzbekistan
Gross domestic product
$25B
2024
$115B
2024
GDP rank
118/197
2024
66/197
2024
GDP growth
5.35%
2023-2024
6.5%
2023-2024
GDP per capita
$1,695
2024
$3,162
2024
GDP per capita rank
160/197
2024
139/197
2024
GDP per capita, PPP
$4,565
2024
$11,879
2024
GDP per capita PPP rank
161/197
2024
125/197
2024
Government debt
$12.2B
2024
$37.5B
2024
Debt-to-GDP ratio
48.8%
2024
32.7%
2024
Government debt per person
$828
2024
$1,032
2024
Government debt per person rank
147/185
2024
141/185
2024
Average annual personal income after taxes
$20,020
2026
$3,658
2026
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
23.1%
2018
25.7%
2024
Income share by poorest 10%
3.5%
2018
2.3%
2024
Government expenditure, % of GDP
20.6%
2024
27.6%
2024
Consumer prices inflation
4.7%
2023-2024
9.6%
2023-2024
Central bank interest rate n/a
14%
2025
Unemployment rate
5.02%
2019
5.29%
2020
Population
15546235
37939105

Spending and national debt comparison by year

Guinea
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Guinea Uzbekistan
Government spending Government debt Government spending Government debt
2024 20.6% 48.8% 27.6% 32.7%
2023 18.3% 40.4% 29.9% 32.2%
2022 15.7% 37.9% 31.3% 30.5%
2021 15.1% 40.6% 27.4% 31.7%
2020 17.1% 45.3% 26% 33.7%
2019 14.9% 37.3% 24.4% 25.4%
2018 15.9% 37.5% 22.2% 17.5%
2017 17.3% 39.9% 19.9% 17.3%
2016 16.1% 40.6% 23.3% 8.19%
2015 21.7% 41.5% 24.6% 6.72%
2014 20.1% 32.1% 24.9% 6.09%
2013 18.6% 30.5% 25.2% 6.23%
2012 19.6% 26.9% 23.9% 6.76%
2011 16% 53.8% 23.7% 6.33%
2010 20.5% 71.1% 26.4% 6.61%
2009 16.2% 61.3% 27.5% 7.3%
2008 10.1% 58.5% 26.5% 8.33%
2007 8.66% 60.8% 24.8% 9.56%
2006 13.2% 95.2% 24.7% 13.5%
2005 11% 97.9% 28.1% 21%
2004 13% 86.9% 29.4% 26.9%
2003 14.7% 81.6% 31.5% 31.4%
2002 14.4% 82.6% 34.6% 41.6%
2001 14.9% 90.4% 30.6% 44.8%
2000 12.6% 91.5% 32.9% 29.5%
1999 11.6% 92.3% 33.6% 18.4%
1998 10.3% 75.9% 35.1% 18%
1997 12.6% 67.9% 31.8% 15.3%
1996 12% 67.7% 35.1% -
1995 12.7% 66.5% 29.4% -
1994 12.6% 71.3% 27.1% -
1993 13.3% 68.9% 39.6% -
1992 13.8% 62% 18% -
1991 16.3% 70.9% - -
1990 18.7% 71.6% - -

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

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

In 2024, Guinea's government spending was $5.14B, accounting for 20.6% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 48.8% in Guinea and 32.7% in Uzbekistan, ranking 111/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Guinea Uzbekistan
2024 -4.99% -2.37%
2023 -3.86% -4.03%
2022 -1.88% -3.65%
2021 -1.7% -4.1%
2020 -3.08% -2.95%
2019 -0.17% -0.3%
2018 -0.97% 1.64%
2017 -1.98% 1.04%
2016 -0.08% 0.7%
2015 -6.53% -0.28%
2014 -3.01% 1.9%
2013 -3.86% 2.15%
2012 23.7% 5.89%
2011 -0.92% 5.11%
2010 -9.66% 2.56%
2009 -4.87% 1.82%
2008 0.38% 5.97%
2007 1.28% 3.55%
2006 -2.13% 2.72%
2005 -1.06% -3.52%
2004 -3.85% -3.74%
2003 -4.65% -4.87%
2002 -3.37% -6.31%
2001 -3.23% -3.28%
2000 -2.42% -3.66%
1999 -1.3% -2.91%
1998 2.46% -3.04%
1997 0.07% -2.05%
1996 -2.2% -1.57%
1995 -1.07% -1.77%
1994 -2.59% -4.47%
1993 -2.33% -12%
1992 -0.89% 7.15%
1991 -3.25% -
1990 -3.76% -

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

GeoRank.org/economy/guinea/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, Guinea recorded a fiscal deficit in 28 of those years, while Uzbekistan ran a deficit in 20 years. On average, Guinea posted an annual deficit equal to 1.54% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Guinea

Uzbekistan
1x
Year Consumer prices inflation
Guinea Uzbekistan
2024 4.7% 9.6%
2023 5.4% 10%
2022 10.5% 11.4%
2021 12.6% 10.8%
2020 10.6% 12.9%
2019 9.5% 14.5%
2018 9.8% 17.5%
2017 8.9% 13.9%
2016 8.2% 8.8%
2015 8.2% 8.5%
2014 9.7% 9.1%
2013 11.9% 11.7%
2012 15.2% 11.9%
2011 21.4% 12.4%
2010 15.5% 12.3%
2009 4.7% 12.3%
2008 18.4% 13.1%
2007 22.9% 11.2%
2006 34.7% 13.1%
2005 31.4% 10.7%
2004 17.5% 7.3%
2003 11% 12.5%
2002 3% 27.3%
2001 5.4% 27.3%
2000 6.8% 25%
1999 4.6% 29.1%
1998 5.1% 29%
1997 1.9% 70.9%

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

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

Over the past 28 years, Guinea has recorded an average annual inflation rate of 11.8%, compared with 16.6% in Uzbekistan. In 2024, inflation was 4.7% in Guinea and 9.6% in Uzbekistan.

Balance of trade

Guinea Uzbekistan
Current account balance
-$392M
2024
-$5.71B
2024
Current account balance ranking
104/190
2024
169/190
2024
Current account balance, % of GDP
-1.57%
2024
-4.97%
2024
Goods imports
$7.08B
2024
$33.2B
2024
Goods exports
$11.6B
2024
$19.6B
2024
Service imports
$3.15B
2024
$10.5B
2024
Service exports
$71.2M
2024
$6.55B
2024
Imports of goods and services, % of GDP
56.4%
2024
38%
2024
Exports of goods and services, % of GDP
41.4%
2024
22.8%
2024

Economic freedom indices

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

Guinea Uzbekistan
Economic freedom 53.1 60.3
Economic freedom ranking 141/197 94/197
Property rights 21.3 43.1
Government integrity 26.7 32
Judicial effectiveness 26 13.7
Tax burden 70.1 95
Government spending 90.1 73.7
Fiscal health 74.8 79.9
Business freedom 44.8 62.5
Labor freedom 56.4 48.4
Monetary freedom 75.3 65.1
Trade freedom 61.8 80.6
Investment freedom 50 70
Financial freedom 40 60

Economic freedom comparison by year

Guinea
Uzbekistan
1x
Year Economic freedom index
Guinea Uzbekistan
2026 53.1 60.3
2025 54.6 58
2024 53.3 55.9
2023 53.2 56.5
2022 54.2 55.7
2021 56.5 58.3
2020 56.5 57.2
2019 55.7 53.3
2018 52.2 51.5
2017 47.6 52.3
2016 53.3 46
2015 52.1 47
2014 53.5 46.5
2013 51.2 46
2012 50.8 45.8
2011 51.7 45.8
2010 51.8 47.5
2009 51 50.5
2008 52.8 51.9
2007 54.5 51.5
2006 52.8 48.7
2005 57.4 45.8
2004 56.1 39.1
2003 54.6 38.3
2002 52.9 38.5
2001 58.4 38.2
2000 58.2 38.1
1999 59.4 33.8
1998 61 31.5
1997 52.9 -
1996 58.5 -
1995 59.4 -

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea Uzbekistan
Services, % of GDP
36.3%
2024
45.2%
2024
Industry, % of GDP
25.1%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
31%
2024
18.3%
2024
GNI, Atlas method
$21.3B
2024
$110B
2024
GNI per capita, PPP
$4,130
2024
$12,000
2024
Total reserves including gold
$1.89B
2023
$41.2B
2024
Total reserves ranking
128/177
2023
50/177
2024
Net foreign direct investment
-$1.4B
2024
-$2.81B
2024
Net inflows of foreign direct investment
$1.4B
2024
$2.99B
2024
Net outflows of foreign direct investment
$30K
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
9.88%
2024
Poverty at national poverty lines
47%
2020
8.9%
2024
Gross capital formation, % of GDP
32.1%
2024
33.3%
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/uzbekistan | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.