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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 9039.00
9030 9057 9084 9112 9222
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.40
percent
5.2 4.77 4.4 4 6.2
GDP 10.49
USD Billion
11.2 6.1 6.1 11.42 12
GDP per capita 856.80
USD
903 439 439 928 1006
GDP per capita PPP 2081.10
USD
2193 1203 1203 2254 2443
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.50
percent
4.5 4.5 4.5 4.5 4
Population 12.72
Million
12.9 13.2 13.2 13.2 13.6
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 9.90
percent
10 9.5 9.3 9 10.5
Inflation Rate Mom 1.00
percent
0.68 0.82 0.79 0.8 0.8
Food Inflation 12.30
percent
11.91 11.66 11.47 11.36 11.13
Cpi Housing Utilities 641.30
Index Points
649 657 666 674 750
CPI Transportation 560.90
Index Points
547 544 543 611 659
Consumer Price Index Cpi 995.00
Index Points
1017 1038 1059 1080 1260
Core Consumer Prices 639.50
percent
639 639 639 639 639
Core Inflation Rate 6.00
percent
5.95 6.19 6.41 6.57 7.01
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 12.50
percent
12.5 12 12 12 12
Deposit Interest Rate 3.84
percent
3.84 3.34 3.34 3.34 3.34
Money Supply M1 23423.64
GNF Billion
24323 24702 25046 25358 27141
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -426.33
USD Million
-201 -239 -152 -110 -165
Exports 731.54
USD Million
655 647 689 726 721
Imports 1157.87
USD Million
955 887 841 837 886
Current Account -403.11
USD Million
-193 -251 -233 -210 -202
Current Account to GDP 5.51
percent
-25 -23 -23 -23 -20
Terrorism Index 0.72
0.72 0.72 0.72 0.72 0.72
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 18.66
percent
28 33 33 33 35
Government Budget 0.60
percent of GDP
0.6 0.6 0.6 0.6 0.6
Military Expenditure 160.93
USD Million
167 167 166 166 167
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 2034.56
KBps
2058 2011 2103 2005 2060
IP Addresses 1400.00
IP
-207 -195 -384 -371 -759
Ease of Doing Business 152.00
150 150 150 150 148
Corruption Index 27.00
Points
27 27 27 27 27
Corruption Rank 148.00
148 148 148 148 148
Competitiveness Index 43.23
Points
43.73 43.73 43.73 43.73 46.23
Competitiveness Rank 126.00
126 126 126 126 126
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 35.00
percent
35 35 35 35 35
Personal Income Tax Rate 40.00
percent
40 40 40 40 40
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 24.32
celsius
24.51 26.05 26.18 26.18 26.07



Guinea - Economic Forecasts - 2018-2020 Outlook