Gross Fixed Capital Formation — Annual growth Standard Local Currency in Guinea
Guinea: Gross Fixed Capital Formation — Annual growth Standard Local Currency was 48.76 % in 2024. ◆ Volatile
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Guinea, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Guinea recorded 48.76 % for gross fixed capital formation — annual growth standard local currency in 2024.
Compared with earlier readings it is up 1,241.8% on the previous year and up 1,448.7% over ten years.
Over the whole period, gross fixed capital formation — annual growth standard local currency in Guinea peaked at 156.09 % in 2016 and was at its lowest, -40.17 %, in 2017.
That places Guinea 7th out of 202 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 11.3 % | — |
| 1972 | 8.04 % | -28.8% |
| 1973 | 11.72 % | +45.7% |
| 1974 | 9.44 % | -19.5% |
| 1975 | 7.94 % | -15.9% |
| 1976 | 14.71 % | +85.2% |
| 1977 | 1.17 % | -92.0% |
| 1978 | 9.16 % | +680.9% |
| 1979 | 5.15 % | -43.8% |
| 1980 | 10.53 % | +104.3% |
| 1981 | 9.3 % | -11.7% |
| 1982 | 32 % | +244.1% |
| 1983 | 31 % | -3.1% |
| 1984 | 18.22 % | -41.2% |
| 1985 | 24.95 % | +37.0% |
| 1986 | 109.03 % | +337.0% |
| 1987 | 43.16 % | -60.4% |
| 1988 | 35.92 % | -16.8% |
| 1989 | 27.92 % | -22.3% |
| 1990 | 63.3 % | +126.7% |
| 1991 | 17.65 % | -72.1% |
| 1992 | 21.64 % | +22.6% |
| 1993 | 7.45 % | -65.6% |
| 1994 | -3.02 % | -140.5% |
| 1995 | -2.55 % | -15.3% |
| 1996 | 10.75 % | -521.0% |
| 1997 | 4.38 % | -59.2% |
| 1998 | 32.42 % | +639.6% |
| 1999 | -8 % | -124.7% |
| 2000 | 46.12 % | -676.6% |
| 2001 | -23.95 % | -151.9% |
| 2002 | 24.07 % | -200.5% |
| 2003 | 62.62 % | +160.2% |
| 2004 | 20.4 % | -67.4% |
| 2005 | 51.65 % | +153.2% |
| 2006 | 38.96 % | -24.6% |
| 2007 | 50.06 % | +28.5% |
| 2008 | 11.28 % | -77.5% |
| 2009 | -6.74 % | -159.7% |
| 2010 | 11.24 % | -266.8% |
| 2011 | 41.97 % | +273.5% |
| 2012 | 25.7 % | -38.8% |
| 2013 | 1.16 % | -95.5% |
| 2014 | 3.15 % | +172.3% |
| 2015 | 12.83 % | +307.6% |
| 2016 | 156.09 % | +1116.4% |
| 2017 | -40.17 % | -125.7% |
| 2018 | -13.97 % | -65.2% |
| 2019 | 5.65 % | -140.4% |
| 2020 | 1.65 % | -70.8% |
| 2021 | 7.16 % | +334.1% |
| 2022 | 8.28 % | +15.7% |
| 2023 | -4.27 % | -151.6% |
| 2024 | 48.76 % | -1241.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.74 % | 1.17 % | 14.71 % | 9 |
| 1980s | 34.2 % | 9.3 % | 109.03 % | 10 |
| 1990s | 14.4 % | -8 % | 63.3 % | 10 |
| 2000s | 27.45 % | -23.95 % | 62.62 % | 10 |
| 2010s | 20.37 % | -40.17 % | 156.09 % | 10 |
| 2020s | 12.31 % | -4.27 % | 48.76 % | 5 |
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)
- Services, value added (constant LCU), per capita 2.40 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.19 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 13.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9241 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,735 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 14.09 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 7,982 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 14.98 million current LCU per person (2025)
Frequently asked questions
- What is gross fixed capital formation — annual growth standard local currency in Guinea?
- Gross fixed capital formation — annual growth standard local currency in Guinea was 48.76 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — annual growth standard local currency recorded in Guinea?
- The highest recorded value was 156.09 % in 2016.
- What is the lowest gross fixed capital formation — annual growth standard local currency recorded in Guinea?
- The lowest recorded value was -40.17 % in 2017.
- How does Guinea rank for gross fixed capital formation — annual growth standard local currency?
- Guinea ranks 7th out of 202 countries with data for 2024.
- Is gross fixed capital formation — annual growth standard local currency rising or falling in Guinea?
- Over the last ten years it is up 1,448.7%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).