Guinea - Economic Forecasts - 2018-2020 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 9000.00
9172 9353 9537 9725 10515
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 6.40
percent
5 5.2 5.2 4.77 6.2
GDP 6.30
USD Billion
6.4 6.25 6.1 6.1 6.1
GDP per capita 446.30
USD
438 441 445 439 436
GDP per capita PPP 1215.00
USD
1174 1194 1214 1203 1190
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.85
percent
6.9 6.9 6.9 6.9 6.5
Population 12.40
Million
12.54 12.63 12.72 12.81 14.08
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 9.70
percent
8.5 8.1 7.9 8 10.5
Food Inflation 14.40
percent
13.84 13.68 13.67 13.69 13.69
CPI Transportation 497.10
Index Points
539 537 536 537 646
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 12.50
percent
12.5 12.5 12.5 12 12
Deposit Interest Rate 3.84
percent
3.71 4.78 5.86 5.85 5.8
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 180.68
USD Million
220 227 235 234 239
Exports 888.22
USD Million
888 888 888 888 888
Imports 707.54
USD Million
669 662 657 654 649
Current Account -10.20
USD Million
-151 -168 -172 -178 -202
Current Account to GDP 5.51
percent
-25 -25 -25 -23 -20
Terrorism Index 0.72
0.71 0.6 0.48 0.54 0.58
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 18.66
percent
28 28 28 33 35
Government Budget 0.60
percent of GDP
-3.72 -3.15 -2.58 -2.78 -4.39
Military Expenditure 160.93
USD Million
190 177 164 164 149
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 2034.56
KBps
1961 2074 2058 2011 2060
IP Addresses 1400.00
IP
36.92 43.55 -207 -195 -759
Ease of Doing Business 153.00
153 153 153 153 153
Corruption Index 27.00
Points
27 27 27 27 27
Corruption Rank 148.00
148 148 148 148 148
Competitiveness Index 3.47
Points
3.47 3.47 3.47 3.46 2.83
Competitiveness Rank 119.00
119 119 119 119 119
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Personal Income Tax Rate 40.00
percent
40 40 40 40 40
Corporate Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 18.00
percent
18 18 18 18 18
Social Security Rate 23.00
percent
23 23 23 23 23
Social Security Rate For Companies 18.00
percent
18 18 18 18 18
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 24.32
celsius
27.14 24.37 24.51 26.05 26.07