Guinea GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

Guinea GDP from 1980 to 2024

The total market value of goods and services produced annually in Guinea.

Change Chart

    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.


    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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