Economy of Guinea. Statistics, Data and Indicators
Guinea
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 147 | Corruption rank#125 |
| 156 | Ease of doing business#134 |
Guinea Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 21.23 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.7 % | 2022 |
| GDP per capita | 994 USD | 2022 |
| Inflation Rate YoY | 6 % | Jul/23 |
| Interest Rate | 11.5 % | Aug/23 |
| Unemployment Rate | 5.7 % | 2022 |
| Balance of Trade | 992 USD Million | 0.992 B USD | 1Q/23 |
| Current Account | 897 USD Million | 0.897 B USD | 1Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 21.23 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.7 % | 2022 |
| GDP per capita | 994 USD | 2022 |
| GDP per capita PPP | 2699 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 43.3 % | 2021 |
| Government Budget to GDP | -1.3 % | 2022 |
| Military Expenditure | 441 USD Million | 0.441 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 150 Index Points | Jul/23 |
| Food Inflation | 17.7 % | Jul/23 |
| Inflation Rate YoY | 6 % | Jul/23 |
| Inflation Rate Mom | 0.8 % | Jul/23 |
| Core Inflation Rate | 0.1 % | Jul/23 |
| CPI Housing Utilities | 181 Index Points | Jul/23 |
| CPI Transportation | 128 Index Points | Jul/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 28.83 % | 2021 |
| Balance of Trade | 992 USD Million | 0.992 B USD | 1Q/23 |
| Current Account | 897 USD Million | 0.897 B USD | 1Q/23 |
| Exports | 1172 USD Million | 1.172 B USD | 1Q/23 |
| Imports | 1193 USD Million | 1.193 B USD | 1Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 11.5 % | Aug/23 |
| Money Supply M1 | 40999 GNF Billion | 4.778 B USD | Feb/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 5.7 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 35 % | 2023 |
| Personal Income Tax Rate | 40 % | 2023 |
| Sales Tax Rate | 18 % | 2023 |
| Social Security Rate | 23 % | 2023 |
| Social Security Rate For Companies | 18 % | 2023 |
| Social Security Rate For Employees | 5 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 25 Index Points | 2022 |
| Corruption Rank | 147 place | 2022 |
| Ease of Doing Business | 156 place | 2019 |
| Competitiveness Index | 46.13 Index Points | 2019 |
| Competitiveness Rank | 122 | 2019 |
