The Gross Domestic Product (GDP) in Guinea expanded 5.20 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: Institut National de la Statistique, Guinea

GDP Annual Growth Rate in Guinea averaged 4.19 percent from 1987 until 2020, reaching an all time high of 10.80 percent in 2016 and a record low of -0.30 percent in 2009. This page provides - Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea GDP Annual Growth Rate - values, historical data and charts - was last updated on May of 2021.

GDP Annual Growth Rate in Guinea is expected to reach 5.60 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea GDP Annual Growth Rate is projected to trend around 5.00 percent in 2022 and 4.80 percent in 2023, according to our econometric models.

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Guinea GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.60 10.80 -0.30 1987 - 2020 percent Yearly
Constant Prices 2010

Guinea GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.20 5.60 10.80 -0.30 percent [+]
GDP 11.40 12.21 12.21 1.92 USD Billion [+]
GDP per capita 920.80 897.30 920.80 513.10 USD [+]
GDP per capita PPP 2564.00 2498.40 2564.00 1505.10 USD [+]
Gdp Constant Prices 103644.00 99907.00 103644.00 23209.10 GNF Billion [+]
Gdp From Agriculture 29798.00 23849.00 29798.00 10153.00 GNF Billion [+]
Gdp From Construction 4413.00 3780.00 4413.00 3182.00 GNF Billion [+]
Gdp From Manufacturing 10595.00 10351.00 10595.00 6250.00 GNF Billion [+]
Gdp From Mining 10108.00 9581.00 15972.00 5354.00 GNF Billion [+]
Gdp From Public Administration 9557.00 7832.00 9557.00 3877.00 GNF Billion [+]
Gdp From Services 47470.00 40734.00 47470.00 25186.00 GNF Billion [+]
Gdp From Transport 4920.00 4278.00 4920.00 2743.00 GNF Billion [+]
Gdp From Utilities 634.00 625.00 634.00 402.00 GNF Billion [+]
Gross Fixed Capital Formation 19772.00 20275.00 37195.00 13484.00 GNF Billion [+]


Guinea GDP Annual Growth Rate
Guinea is one of the poorest countries in the world. Guinea’s growth has been significantly short of its potential due to political instability, widespread corruption and underdeveloped infrastructure. Guinea has the largest bauxite reserve in world as well as significant iron, gold and diamond reserves. Yet, Guinea’s chronic inefficiencies drive away most of potential investors. Recent government efforts to fight corruption, regulate the mining sector and improve infrastructure are expected to maintain the positive momentum.