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Guinea

Headline economic indicators for Guinea, with the most recent official readings.

Prices

Prices — Guinea
Indicator Value Change
Inflation rate · 3.6% -4.55 (-56.0%)
Consumer price index · 436.7 +15.06 (+3.6%)
GDP deflator inflation · 6.2% -0.62 (-9.2%)

GDP

GDP — Guinea
Indicator Value Change
GDP growth rate · 7.4% +2.10 (+39.2%)
GDP per capita · 1,877.25 +182.30 (+10.8%)
GDP per capita, long-run history · 1,809 +39.40 (+2.2%)
GDP · 28,346,024,753.29 +3,337,346,460 (+13.3%)
GDP, PPP · 74,511,886,860 +7,054,029,819 (+10.5%)
GDP per capita, PPP · 4,935 +362.72 (+7.9%)
GDP per capita growth · 5.0% +2.14 (+74.8%)
GNI per capita · 1,730 +290.00 (+20.1%)
Agriculture to GDP · 31.3% +0.33 (+1.1%)
Industry to GDP · 25.4% +0.28 (+1.1%)
Manufacturing to GDP · 12.7% +1.32 (+11.6%)
Services to GDP · 35.7% -0.62 (-1.7%)
Household consumption to GDP · 67.1% -1.88 (-2.7%)
Gross capital formation to GDP · 37.0% +4.90 (+15.3%)
Gross savings to GDP · 9.6% +0.31 (+3.3%)

Labour

Labour — Guinea
Indicator Value Change
Unemployment rate · 5.2% +0.03 (+0.6%)
Labour force participation rate · 52.6% -0.18 (-0.3%)
Female labour force participation rate · 42.6% -0.24 (-0.6%)
Youth unemployment rate · 7.0% -0.05 (-0.7%)
Employment to population ratio · 49.9% -0.19 (-0.4%)
Employment in agriculture · 47.4% -0.88 (-1.8%)
Employment in industry · 14.2% +0.12 (+0.9%)
Employment in services · 38.5% +0.76 (+2.0%)

Money

Money — Guinea
Indicator Value Change
Real interest rate · 10.9% -1.37 (-11.1%)
Broad money to GDP · 30.1% +5.16 (+20.7%)
Private sector credit to GDP · 10.6% -0.09 (-0.9%)
Lending rate · 12.9% -6.50 (-33.5%)
Bank deposit rate · 3.3% -0.00 (-0.1%)
Bank nonperforming loans · 6.7% -2.22 (-24.9%)
Official exchange rate · 9,565.08 +381.21 (+4.2%)

Trade

Trade — Guinea
Indicator Value Change
Current account to GDP · -1.6% -10.05 (-118.5%)
Exports to GDP · 41.4% +0.02 (+0.0%)
Imports to GDP · 62.3% +5.88 (+10.4%)
Trade to GDP · 103.7% +5.90 (+6.0%)
Exports of goods and services · 11,738,637,526.45 +1,386,793,627 (+13.4%)
Imports of goods and services · 17,649,957,798.74 +3,548,861,819 (+25.2%)
Trade balance, goods and services (annual) · 1,487,510,000 -1,886,730,000 (-55.9%)
Current account balance (annual) · -391,820,000 -2,292,940,000 (-120.6%)
Foreign direct investment to GDP · 27.4% +21.78 (+388.6%)
Remittances received to GDP · 2.5% +0.25 (+11.2%)
Total reserves, including gold · 1,345,598,715.9 -541,572,336 (-28.7%)
Reserves in months of imports · 1.3 -0.91 (-41.6%)
External debt to GNI · 23.2% -2.02 (-8.0%)

Government

Government — Guinea
Indicator Value Change
Government revenue to GDP · 8.3% -1.58 (-16.0%)
Government expense to GDP · 6.5% -1.28 (-16.5%)
Tax revenue to GDP · 7.4% +0.07 (+0.9%)
Government budget balance to GDP · -2.0% +0.47 (+19.5%)
Government consumption to GDP · 16.7% +2.85 (+20.5%)
Education spending to GDP · 1.7% -0.28 (-14.1%)
Health spending to GDP · 3.7% -0.14 (-3.6%)

Demography

Demography — Guinea
Indicator Value Change
Population · 15,099,727 +344,942 (+2.3%)
Population, long-run history · 13,087 +309.19 (+2.4%)
Population growth · 2.3% -0.09 (-3.5%)
Life expectancy · 60.9 +0.16 (+0.3%)
Fertility rate · 4.13 -0.09 (-2.0%)
Birth rate · 33.3 -0.52 (-1.5%)
Death rate · 9.0 -0.10 (-1.1%)
Urban population share · 38.5% +0.45 (+1.2%)
Population aged 65 and over · 3.5% +0.02 (+0.5%)
Under-five mortality rate · 92.1 -2.90 (-3.1%)
Population density · 60.0 +1.42 (+2.4%)
Net migration · -16,282 -4,258 (-35.4%)
Gini index · 29.6 -4.10 (-12.2%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Guinea; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.