Adjusted savings: net national savings in Guinea
Guinea: Adjusted savings: net national savings was -10.3% in 2021. ◆ Volatile
Adjusted savings: net national savings in Guinea, 1986–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: net national savings in Guinea stood at -10.3%.
Compared with earlier readings it is down 25.6% on the previous year and down 146.4% over ten years.
Over the whole period, adjusted savings: net national savings in Guinea peaked at 20.9% in 1993 and was at its lowest, -17.1%, in 2013.
That places Guinea 171st out of 177 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1986 | 9.8% | — |
| 1987 | 10.4% | +6.9% |
| 1988 | 9.2% | -12.2% |
| 1989 | 13.3% | +45.5% |
| 1990 | 17.6% | +31.8% |
| 1991 | 17.6% | +0.0% |
| 1992 | 17.3% | -1.5% |
| 1993 | 20.9% | +20.5% |
| 1994 | 19.0% | -8.8% |
| 1995 | 17.8% | -6.6% |
| 1996 | 13.1% | -26.1% |
| 1997 | 14.5% | +10.3% |
| 1998 | 9.9% | -31.3% |
| 1999 | 11.3% | +13.4% |
| 2000 | 11.6% | +3.0% |
| 2001 | 10.4% | -10.8% |
| 2002 | 7.4% | -28.1% |
| 2003 | 14.5% | +94.2% |
| 2004 | 8.2% | -43.3% |
| 2005 | 5.5% | -33.4% |
| 2006 | -4.6% | -183.4% |
| 2007 | -9.7% | +113.5% |
| 2008 | -1.4% | -85.6% |
| 2009 | -13.1% | +830.3% |
| 2010 | -1.1% | -91.9% |
| 2011 | -4.2% | +294.5% |
| 2012 | -2.2% | -46.4% |
| 2013 | -17.1% | +661.2% |
| 2014 | -12.3% | -27.9% |
| 2015 | -15.4% | +24.7% |
| 2016 | -9.0% | -41.4% |
| 2017 | 2.5% | -127.7% |
| 2018 | -2.1% | -184.0% |
| 2019 | -2.7% | +29.8% |
| 2020 | -8.2% | +202.0% |
| 2021 | -10.3% | +25.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 10.7% | 9.2% | 13.3% | 4 |
| 1990s | 15.9% | 9.9% | 20.9% | 10 |
| 2000s | 2.9% | -13.1% | 14.5% | 10 |
| 2010s | -6.4% | -17.1% | 2.5% | 10 |
| 2020s | -9.3% | -10.3% | -8.2% | 2 |
Countries ranked near Guinea
- 168 Barbados -5.8% compare
- 169 Mozambique -8.0% compare
- 170 Burundi -8.5% compare
- 172 Congo -10.5% compare
- 173 Venezuela, Bolivarian Republic of -15.6% compare
- 174 Timor-Leste -23.6% compare
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)
- Exports of goods and services (current LCU), annual growth rate 14.15 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 3,577 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 6.72 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.2 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3749 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 703.84 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 30.07 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.3807 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Guinea?
- Adjusted savings: net national savings in Guinea was -10.3% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Guinea?
- The highest recorded value was 20.9% in 1993.
- What is the lowest adjusted savings: net national savings recorded in Guinea?
- The lowest recorded value was -17.1% in 2013.
- How does Guinea rank for adjusted savings: net national savings?
- Guinea ranks 171st out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Guinea?
- Over the last ten years it is down 146.4%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.