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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 9087.00 9300 9390 9660 9570 11000 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 0.10 4.8 4.8 4.8 4.5 6.2 percent [+]
GDP 6.70 6.86 6.89 6.92 6.99 7.87 USD Billion [+]
GDP per capita 417.10 418 415 412 411 407 USD [+]
GDP per capita PPP 1135.49 1140 1132 1124 1121 1095 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 1.70 7 1.99 1.77 1.7 6.5 percent [+]
Population 12.61 12.78 13.02 13.25 13.43 16.18 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 8.40 9.1 9.3 9.5 9.7 10.5 percent [+]
Cpi Transportation 497.30 497 497 497 497 497 Index Points [+]
Food Inflation 12.50 12.45 12.45 12.45 12.45 12.45 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 12.50 13.5 13.5 13.5 13 12 percent [+]
Deposit Interest Rate 6.69 5.42 2.87 0.32 -0.37 -4.76 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 32.97 -20.21 54.9 -153 -53.71 -75.01 USD Million [+]
Exports 419.22 361 445 472 483 479 USD Million [+]
Imports 386.25 467 492 496 493 483 USD Million [+]
Current Account -120.58 -298 -94.67 -212 -216 -204 USD Million [+]
Current Account to GDP -23.60 -28.24 -28.48 -28.71 -28.19 -28.95 percent [+]
Gold Reserves 2.39 2.39 2.39 2.39 2.39 2.39 [+]
Terrorism Index 1.40 1.36 1.32 1.28 1.29 1.28 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 29.50 27.59 32.85 38.1 36.77 35.3 percent [+]
Government Budget -7.30 -5.75 -5.73 -5.71 -5.38 -4.38 percent of GDP [+]
Military Expenditure 254.80 238 251 265 263 260 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -15.76 -2.59 0.55 -3.42 -0.68 -4.01 percent [+]
Ease of Doing Business 163.00 159 158 157 159 174 [+]
Corruption Index 27.00 27 27 28 28 29 Points [+]
Corruption Rank 142.00 142 143 145 145 144 [+]
Competitiveness Index 2.84 2.86 2.86 2.86 2.86 2.85 Points [+]
Competitiveness Rank 140.00 141 141 140 140 140 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 18.43 18.24 18.05 18.24 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 [+]