Adjusted savings: gross savings in Guinea
Guinea: Adjusted savings: gross savings was 2.2% in 2021. ◆ Volatile
Adjusted savings: gross savings in Guinea, 1986–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
Guinea recorded 2.2% for adjusted savings: gross savings in 2021.
Compared with earlier readings it is down 32.2% on the previous year and down 37.5% over ten years.
Over the whole period, adjusted savings: gross savings in Guinea peaked at 24.2% in 1993 and was at its lowest, -8.2%, in 2013.
Guinea ranks 173rd of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1986 | 12.3% | — |
| 1987 | 13.0% | +5.4% |
| 1988 | 11.7% | -10.1% |
| 1989 | 16.0% | +37.3% |
| 1990 | 20.3% | +27.1% |
| 1991 | 20.7% | +1.7% |
| 1992 | 20.6% | -0.2% |
| 1993 | 24.2% | +17.2% |
| 1994 | 22.4% | -7.6% |
| 1995 | 21.1% | -5.5% |
| 1996 | 16.4% | -22.5% |
| 1997 | 18.4% | +12.4% |
| 1998 | 14.1% | -23.5% |
| 1999 | 15.8% | +12.2% |
| 2000 | 16.5% | +4.5% |
| 2001 | 15.6% | -5.4% |
| 2002 | 12.6% | -19.1% |
| 2003 | 20.7% | +63.5% |
| 2004 | 13.6% | -34.0% |
| 2005 | 10.3% | -24.1% |
| 2006 | 1.4% | -86.6% |
| 2007 | -3.7% | -369.0% |
| 2008 | 4.3% | -216.3% |
| 2009 | -5.6% | -229.9% |
| 2010 | 6.7% | -218.5% |
| 2011 | 3.5% | -48.0% |
| 2012 | 5.9% | +69.1% |
| 2013 | -8.2% | -239.7% |
| 2014 | -3.7% | -54.3% |
| 2015 | -7.5% | +101.1% |
| 2016 | -1.2% | -83.5% |
| 2017 | 11.5% | -1025.1% |
| 2018 | 8.6% | -24.7% |
| 2019 | 7.4% | -13.9% |
| 2020 | 3.2% | -57.1% |
| 2021 | 2.2% | -32.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.2% | 11.7% | 16.0% | 4 |
| 1990s | 19.4% | 14.1% | 24.2% | 10 |
| 2000s | 8.6% | -5.6% | 20.7% | 10 |
| 2010s | 2.3% | -8.2% | 11.5% | 10 |
| 2020s | 2.7% | 2.2% | 3.2% | 2 |
Countries ranked near Guinea
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 26.83 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.253 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 474.93 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 25.17 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.6227 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 1,169 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 26 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 5,379 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Guinea?
- Adjusted savings: gross savings in Guinea was 2.2% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Guinea?
- The highest recorded value was 24.2% in 1993.
- What is the lowest adjusted savings: gross savings recorded in Guinea?
- The lowest recorded value was -8.2% in 2013.
- How does Guinea rank for adjusted savings: gross savings?
- Guinea ranks 173rd out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Guinea?
- Over the last ten years it is down 37.5%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.