Guinea | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Guinea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Guinea economy.


MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 8920.00 8750 8661 8573 8484 7512 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 4.90 4.8 4.8 4.5 4.5 6.2 percent [+]
GDP 6.30 6.23 6.08 6.1 6.13 6.14 USD Billion [+]
GDP per capita 446.30 446 450 450 450 450 USD [+]
GDP per capita PPP 1215.00 1194 1214 1209 1204 1203 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 1.70 1.99 1.77 1.7 1.62 6.5 percent [+]
Population 12.40 12.6 12.68 12.75 12.82 13.45 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 9.00 9 9 8.7 8.5 10.5 percent [+]
CPI Transportation 497.30 497 497 497 497 497 Index Points [+]
Food Inflation 13.60 13.59 13.58 13.56 13.56 13.56 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 12.50 12.5 12.5 12 12 12 percent [+]
Deposit Interest Rate 3.84 4.17 4.63 4.85 5.08 8.5 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 29.82 34.15 13.43 20.94 -0.36 -31.57 USD Million [+]
Exports 688.28 635 634 594 594 589 USD Million [+]
Imports 658.45 651 645 639 635 623 USD Million [+]
Current Account -101.80 -156 -156 -166 -174 -194 USD Million [+]
Current Account to GDP -32.57 -28 -28 -2.5 -25 -20 percent [+]
Gold Reserves 2.39 2.39 2.39 2.39 2.39 2.39 [+]
Terrorism Index 1.40 1.29 1.27 1.26 1.24 1.07 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 26.50 30 30 28 28 35 percent [+]
Government Budget -1.50 -2.92 -2.44 -2.62 -2.81 -4.74 percent of GDP [+]
Military Expenditure 179.70 186 173 174 176 180 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production 14.10 12.62 8.62 4.06 0.65 2.11 percent [+]
Ease of Doing Business 163.00 158 157 159 161 174 [+]
Corruption Index 27.00 27 28 28 28 29 Points [+]
Corruption Rank 142.00 143 145 145 145 144 [+]
Competitiveness Index 2.84 2.86 2.86 2.86 2.86 2.85 Points [+]
Competitiveness Rank 140.00 141 140 140 140 140 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Personal Income Tax Rate 40.00 40 40 40 40 40 percent [+]
Corporate Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 20.00 18.24 18.05 18.24 18.42 18.62 percent [+]
Social Security Rate 23.00 23 23 23 23 23 percent [+]
Social Security Rate For Companies 18.00 18 18 18 18 18 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]