Guinea's GDP changed from approximately $2B 400M in 1980 to $25B 447M in 2024, showing an overall 960.3% sharply increased during the period.
The lowest GDP was recorded in 1983 at $2B 284M, and the highest in 2024 at $25B 447M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.5%.
For comparison, the average annual growth rate of Mali was 5.5%, and that of Sierra Leone was 2.3%.
Overview of Guinea's GDP (1980–2024)
The Gross Domestic Product (GDP) of Guinea recorded a 960.3% sharply increased from 1980 to 2024.
The average GDP during this period was $6B 969M, and the median was $5B 3M.
GDP fluctuated within a range of $23B 163M, with a standard deviation of $5B 385M.
The average annual change was $336M 116K.
Guinea GDP from 1980 to 2024
The total market value of goods and services produced annually in Guinea.
Highest and Lowest GDP Records
- Lowest GDP: 1983, $2B 284M
- Highest GDP: 2024, $25B 447M
- Most Recent GDP: 2024, $25B 447M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 2000: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Guinea's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $13B 443M → $14B 89M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $6B 317M → $6B 753M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $4B 38M → $3B 806M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $5B 212M → $5B 3M
- Outcome: declined
Key Economic Indicators of Guinea (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 2B 400M | $ 0 | $ 0 | $ 2B 740M | 2.601 % | 2.248 % | 6.50 % | 0 % | 0 person |
1981 | $ 2B 381M | $ 0 | $ 0 | $ 3B 18M | 0.61 % | -3.086 % | 4.62 % | 0 % | 0 person |
1982 | $ 2B 335M | $ 0 | $ 0 | $ 3B 262M | 1.8 % | -3.651 % | 3.39 % | 0 % | 0 person |
1983 | $ 2B 284M | $ 0 | $ 0 | $ 3B 434M | 1.3 % | -0.12 % | 5.95 % | 0 % | 0 person |
1984 | $ 2B 327M | $ 0 | $ 0 | $ 3B 608M | 1.4 % | -0.264 % | 6.59 % | 0 % | 0 person |
1985 | $ 2B 473M | $ 0 | $ 0 | $ 3B 908M | 5 % | -1.642 % | 3.99 % | 0 % | 0 person |
1986 | $ 2B 675M | $ 0 | $ 0 | $ 4B 111M | 3.114 % | -4.631 % | 6.33 % | 0 % | 0 person |
1987 | $ 2B 840M | $ 0 | $ 0 | $ 4B 352M | 3.3 % | -1.347 % | 6.84 % | 0 % | 0 person |
1988 | $ 3B 317M | $ 0 | $ 0 | $ 4B 789M | 6.308 % | -6.678 % | 3.75 % | 0 % | 0 person |
1989 | $ 3B 384M | $ 0 | $ 0 | $ 5B 176M | 4.003 % | -5.311 % | 6.58 % | 0 % | 0 person |
1990 | $ 3B 710M | $ 616.32 | $ 930.58 | $ 5B 602M | 4.324 % | -7.16 % | 11.72 % | -1.812 % | 6M 20K people |
1991 | $ 4B 195M | $ 660.44 | $ 934.60 | $ 5B 936M | 2.497 % | -5.242 % | 10.85 % | -1.566 % | 6M 352K people |
1992 | $ 4B 570M | $ 678.63 | $ 931.11 | $ 6B 270M | 3.273 % | -5.196 % | 10.06 % | 0.227 % | 6M 734K people |
1993 | $ 4B 562M | $ 639.33 | $ 944.91 | $ 6B 743M | 5.048 % | -4.349 % | 11.24 % | -1.381 % | 7M 136K people |
1994 | $ 4B 707M | $ 626.43 | $ 953.22 | $ 7B 163M | 4.001 % | -5.105 % | 9.98 % | -1.451 % | 7M 514K people |
1995 | $ 5B 139M | $ 655.75 | $ 976.75 | $ 7B 655M | 4.68 % | -5.297 % | 10.08 % | -0.044 % | 7M 837K people |
1996 | $ 5B 316M | $ 656.71 | $ 1,005.95 | $ 8B 143M | 4.462 % | -6.216 % | 8.91 % | -1.227 % | 8M 95K people |
1997 | $ 5B 212M | $ 628.19 | $ 1,050.14 | $ 8B 712M | 5.182 % | -4.61 % | 10.64 % | 1.116 % | 8M 295K people |
1998 | $ 5B 3M | $ 591.51 | $ 1,079.73 | $ 9B 131M | 3.644 % | -6.395 % | 7.38 % | 3.215 % | 8M 457K people |
1999 | $ 4B 798M | $ 557.83 | $ 1,117.76 | $ 9B 614M | 3.812 % | -5.326 % | 8.99 % | -0.183 % | 8M 601K people |