Annual GDP growth in Guinea

Guinea: Annual GDP growth was 6.7% in 2023. β—† Volatile

Latest (2023)
6.7%
Change on year
up 69.8%
World rank
19th
of 211 countries
All-time high
10.8%
in 2016
All-time low
-1.1%
in 2009
Years of data
24
2000–2023

Annual GDP growth in Guinea, 2000–2023

02.557.5102000201120232000: 2.5 %2001: 3.7 %2002: 5.2 %2003: 1.2 %2004: 2.3 %2005: 3 %2006: 1.2 %2007: 6.8 %2008: 4.1 %2009: -1.1 %2010: 4.8 %2011: 5.6 %2012: 5.9 %2013: 4 %2014: 3.7 %2015: 3.8 %2016: 10.8 %2017: 10.3 %2018: 6.4 %2019: 5.6 %2020: 4.7 %2021: 5.6 %2022: 4 %2023: 6.7 %

Source: World Bank – processed by Our World in Data. Measured in %.

Analysis

Guinea recorded 6.7% for annual gdp growth in 2023.

Compared with earlier readings it is up 69.8% on the previous year and up 70.6% over ten years.

Over the whole period, annual gdp growth in Guinea peaked at 10.8% in 2016 and was at its lowest, -1.1%, in 2009.

That places Guinea 19th out of 211 countries with data for 2023, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.9% -1.1% 6.8% 10
2010s 6.1% 3.7% 10.8% 10
2020s 5.2% 4.0% 6.7% 4

Countries ranked near Guinea

  1. 16 Mongolia 7.4% compare
  2. 17 Panama 7.4% compare
  3. 18 Mauritius 7.0% compare
  4. 21 Mauritania 6.5% compare
  5. 22 Ethiopia 6.5% compare

See the full ranking of 211 places β†’

More economy & growth data for Guinea

All data for Guinea β†’

Frequently asked questions

What is annual gdp growth in Guinea?
Annual gdp growth in Guinea was 6.7% in 2023, according to World Bank – processed by Our World in Data.
What is the highest annual gdp growth recorded in Guinea?
The highest recorded value was 10.8% in 2016.
What is the lowest annual gdp growth recorded in Guinea?
The lowest recorded value was -1.1% in 2009.
How does Guinea rank for annual gdp growth?
Guinea ranks 19th out of 211 countries with data for 2023.
Is annual gdp growth rising or falling in Guinea?
Over the last ten years it is up 70.6%. The long-run trend across the full record is volatile.
Where does this Guinea data come from?
The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 24 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Annual GDP growth
Unit
%
Source
World Bank – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
211 places, 4,892 data points, 2000–2023
Last refreshed

Annual GDP growth (%)