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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 2.601 % | $ 2B 400M | $ 2B 740M | $ 0 | $ 0 | 6.50 % | 0 person | 2.248 % | 0 % |
1981 | 0.61 % | $ 2B 381M | $ 3B 18M | $ 0 | $ 0 | 4.62 % | 0 person | -3.086 % | 0 % |
1982 | 1.8 % | $ 2B 335M | $ 3B 262M | $ 0 | $ 0 | 3.39 % | 0 person | -3.651 % | 0 % |
1983 | 1.3 % | $ 2B 284M | $ 3B 434M | $ 0 | $ 0 | 5.95 % | 0 person | -0.12 % | 0 % |
1984 | 1.4 % | $ 2B 327M | $ 3B 608M | $ 0 | $ 0 | 6.59 % | 0 person | -0.264 % | 0 % |
1985 | 5 % | $ 2B 473M | $ 3B 908M | $ 0 | $ 0 | 3.99 % | 0 person | -1.642 % | 0 % |
1986 | 3.114 % | $ 2B 675M | $ 4B 111M | $ 0 | $ 0 | 6.33 % | 0 person | -4.631 % | 0 % |
1987 | 3.3 % | $ 2B 840M | $ 4B 352M | $ 0 | $ 0 | 6.84 % | 0 person | -1.347 % | 0 % |
1988 | 6.308 % | $ 3B 317M | $ 4B 789M | $ 0 | $ 0 | 3.75 % | 0 person | -6.678 % | 0 % |
1989 | 4.003 % | $ 3B 384M | $ 5B 176M | $ 0 | $ 0 | 6.58 % | 0 person | -5.311 % | 0 % |
1990 | 4.324 % | $ 3B 710M | $ 5B 602M | $ 616.32 | $ 930.58 | 11.72 % | 6M 20K people | -7.16 % | -1.812 % |
1991 | 2.497 % | $ 4B 195M | $ 5B 936M | $ 660.44 | $ 934.60 | 10.85 % | 6M 352K people | -5.242 % | -1.566 % |
1992 | 3.273 % | $ 4B 570M | $ 6B 270M | $ 678.63 | $ 931.11 | 10.06 % | 6M 734K people | -5.196 % | 0.227 % |
1993 | 5.048 % | $ 4B 562M | $ 6B 743M | $ 639.33 | $ 944.91 | 11.24 % | 7M 136K people | -4.349 % | -1.381 % |
1994 | 4.001 % | $ 4B 707M | $ 7B 163M | $ 626.43 | $ 953.22 | 9.98 % | 7M 514K people | -5.105 % | -1.451 % |
1995 | 4.68 % | $ 5B 139M | $ 7B 655M | $ 655.75 | $ 976.75 | 10.08 % | 7M 837K people | -5.297 % | -0.044 % |
1996 | 4.462 % | $ 5B 316M | $ 8B 143M | $ 656.71 | $ 1,005.95 | 8.91 % | 8M 95K people | -6.216 % | -1.227 % |
1997 | 5.182 % | $ 5B 212M | $ 8B 712M | $ 628.19 | $ 1,050.14 | 10.64 % | 8M 295K people | -4.61 % | 1.116 % |
1998 | 3.644 % | $ 5B 3M | $ 9B 131M | $ 591.51 | $ 1,079.73 | 7.38 % | 8M 457K people | -6.395 % | 3.215 % |
1999 | 3.812 % | $ 4B 798M | $ 9B 614M | $ 557.83 | $ 1,117.76 | 8.99 % | 8M 601K people | -5.326 % | -0.183 % |