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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 8998.00
9205 9418 9637 9861 10808
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 4.90
percent
5 5 5.2 5.2 6.2
GDP 6.30
USD Billion
6.45 6.3 6.15 6 5.1
GDP per capita 446.30
USD
436 440 444 448 440
GDP per capita PPP 1215.00
USD
1154 1174 1194 1214 1190
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.85
percent
6.87 6.85 6.82 6.8 6.5
Population 12.40
Million
12.46 12.54 12.63 12.72 14.02
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 9.60
percent
8.7 8.5 8.1 7.9 10.5
CPI Transportation 497.10
Index Points
492 487 482 477 429
Food Inflation 14.20
percent
14.28 14.11 13.9 13.7 12.31
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 12.50
percent
12.5 12.5 12.5 12.5 12
Deposit Interest Rate 3.84
percent
3.24 3.7 4.17 4.63 11.36
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 180.68
USD Million
80.48 27.33 2.81 15.36 -30.34
Exports 888.22
USD Million
696 611 569 550 591
Imports 707.54
USD Million
665 654 646 640 627
Current Account -10.20
USD Million
-123 -142 -158 -162 -193
Current Account to GDP -32.57
percent
-2.5 -25 -27.09 -25 -20
Terrorism Index 0.72
0.89 0.84 0.79 0.74 1.05
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 26.50
percent
28 28 32.7 28 35
Government Budget -1.50
percent of GDP
-3.89 -3.41 -2.92 -2.44 -4.74
Military Expenditure 179.70
USD Million
203 190 177 164 149
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 2034.56
KBps
1997 2003 1985 1947 1684
IP Addresses 1400.00
IP
246 119 132 147 1511
Ease of Doing Business 153.00
156 158 160 162 169
Corruption Index 27.00
Points
25 25 25 26 21
Corruption Rank 142.00
142 142 143 143 147
Competitiveness Index 3.47
Points
3.47 3.47 3.47 3.47 2.83
Competitiveness Rank 119.00
131 131 131 131 128
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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
19 19 19 19 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 24.32
celsius
26 27.14 24.37 24.51 26.07