The ocean and mountains in Guinea

Guinea Economy

Guinea's economy in numbers:

Nominal GDP of USD 16.7 billion in 2021.

GDP per capita of USD 1,169 compared to the global average of USD 10,589.

Average real GDP growth of 6% over the last decade.

Share of the region's population
Share of the region's GDP

Economic structure:

GDP by economic sector
GDP by type of expenditure

Economic growth:

The economy recorded average annual growth of 6.0% in the decade to 2021. To read more about GDP growth in Guinea, go to our dedicated page.

Fiscal policy:

Guinea's fiscal surplus averaged 0.9% of GDP in the decade to 2021. Find out more on our dedicated page.

Inflation:

Inflation averaged -11.8% in the decade to 2022. Go to our Guinea inflation page for extra insight.

Monetary Policy:

Guinea's monetary policy rate ended 2022 at 11.50%, down from 22.00% a decade earlier. See our Guinea monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the Guinean franc weakened by 18.8% vs the U.S. dollar. For more info on the Guinean franc, click here.
Projections out to 2033.

25 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 5 expert analysts.

Want to get insight on the economic outlook for Guinea in the coming years? FocusEconomics collects projections out to 2033 on 25 economic indicators for Guinea from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Guinea economy. To download a sample report on the Guinea's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .

Guinea Datos económicos

2018 2019 2020 2021 2022
Población (millones) 13.3 13.6 14.0 14.3 14.7
PIB (en millones de dólares) 11.6 13.1 13.5 - -
PIB per cápita (USD) 876 959 967 - -
PIB (en miles de millones de libras esterlinas) 106,845 123,458 135,534 - -
Crecimiento económico (PIB nominal, var. anual) 13.9 15.5 9.8 - -
Crecimiento económico (PIB, var. anual) 6.4 5.6 4.9 - -
Saldo fiscal (% del PIB) -0.3 0.2 -2.4 -1.2 -
Deuda pública (% del PIB) 39.3 38.6 47.5 42.5 -
Inflación (IPC, % var. anual, eop) -63.6 -176.5 291.9 97.6 36.0
Inflación (IPC, % var. anual, aop) -48.6 -100.0 - 131.4 53.3
Tipo de política (%, eop) 12.50 12.50 11.50 11.50 -
Tipo de cambio (LCU por USD, eop) 9,177 9,450 10,040 9,243 8,610
Tipo de cambio (LCU por USD, aop) 9,058 9,227 9,613 9,812 8,759
Balanza por cuenta corriente (en millones de dólares) -2 -2 -2 0 -
Balanza por cuenta corriente (% del PIB) -19.5 -11.9 -14.3 - -
Balanza comercial de mercancías (en millones de USD) 0.6 0.5 5.2 6.3 -
Exportaciones de mercancías (en millones de dólares) 4 4 9 10 -
Importaciones de mercancías (en millones de dólares) 3 3 4 4 -
Exportaciones de mercancías (% var. anual) -13 -1 126 17 -
Importaciones de mercancías (% var. anual) -3 2 7 10 -
Inversión extranjera directa (en millones de dólares) 0.4 0.0 0.2 0.2 -
Reservas internacionales (en millones de dólares) 1 1 1 - -
Reservas internacionales (meses de importaciones) 3.2 3.6 3.6 - -
Deuda externa (en millones de dólares) 3 3 4 5 -
Deuda externa (% del PIB) 22 23 31 - -

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