Gross savings in Guinea
Guinea: Gross savings was 20.59 trillion current LCU in 2024. ◆ Volatile
Gross savings in Guinea, 1986–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Guinea recorded 20.59 trillion current LCU for gross savings in 2024. That is the highest value across all 39 years on record.
The figure is up 16.2% on the previous year and up 1,297.0% over ten years.
Over the whole period, gross savings in Guinea peaked at 20.59 trillion current LCU in 2024 and was at its lowest, -4.86 trillion current LCU, in 2015.
That places Guinea 23rd out of 178 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1986 | 380.19 billion current LCU | — |
| 1987 | 507.16 billion current LCU | +33.4% |
| 1988 | 642.71 billion current LCU | +26.7% |
| 1989 | 873.36 billion current LCU | +35.9% |
| 1990 | 1.14 trillion current LCU | +31.1% |
| 1991 | 1.49 trillion current LCU | +29.8% |
| 1992 | 1.94 trillion current LCU | +30.8% |
| 1993 | 2.17 trillion current LCU | +11.9% |
| 1994 | 2.24 trillion current LCU | +2.9% |
| 1995 | 2.43 trillion current LCU | +8.9% |
| 1996 | 2.40 trillion current LCU | -1.4% |
| 1997 | 2.64 trillion current LCU | +9.9% |
| 1998 | 2.64 trillion current LCU | -0.1% |
| 1999 | 2.94 trillion current LCU | +11.5% |
| 2000 | 3.24 trillion current LCU | +10.2% |
| 2001 | 3.36 trillion current LCU | +3.8% |
| 2002 | 3.40 trillion current LCU | +1.0% |
| 2003 | 4.45 trillion current LCU | +30.8% |
| 2004 | 4.77 trillion current LCU | +7.2% |
| 2005 | 5.91 trillion current LCU | +23.9% |
| 2006 | 297.68 billion current LCU | -95.0% |
| 2007 | -971.35 billion current LCU | -426.3% |
| 2008 | 1.37 trillion current LCU | -240.9% |
| 2009 | -1.77 trillion current LCU | -229.1% |
| 2010 | 2.58 trillion current LCU | -246.2% |
| 2011 | 1.53 trillion current LCU | -40.7% |
| 2012 | 3.07 trillion current LCU | +100.5% |
| 2013 | -4.50 trillion current LCU | -246.5% |
| 2014 | -1.72 trillion current LCU | -61.8% |
| 2015 | -4.86 trillion current LCU | +182.7% |
| 2016 | -521.58 billion current LCU | -89.3% |
| 2017 | 10.72 trillion current LCU | -2155.1% |
| 2018 | 10.95 trillion current LCU | +2.2% |
| 2019 | 13.75 trillion current LCU | +25.5% |
| 2020 | 13.06 trillion current LCU | -5.0% |
| 2021 | 18.42 trillion current LCU | +41.0% |
| 2022 | 19.84 trillion current LCU | +7.7% |
| 2023 | 17.71 trillion current LCU | -10.7% |
| 2024 | 20.59 trillion current LCU | +16.2% |
Guinea compared with similar countries
- Guinea's 20.59 trillion current LCU is above the median for lower middle income countries, which is 205.45 billion current LCU, 100.2× the median. (45 countries reporting)
- Guinea's 20.59 trillion current LCU is above the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 24.5× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +2155.1% | -521.58 billion current LCU | 10.72 trillion current LCU |
| 2007 | -426.3% | 297.68 billion current LCU | -971.35 billion current LCU |
| 2013 | -246.5% | 3.07 trillion current LCU | -4.50 trillion current LCU |
| 2009 | -229.1% | 1.37 trillion current LCU | -1.77 trillion current LCU |
| 2010 | +246.2% | -1.77 trillion current LCU | 2.58 trillion current LCU |
| 2008 | +240.9% | -971.35 billion current LCU | 1.37 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 600.86 billion current LCU | 380.19 billion current LCU | 873.36 billion current LCU | 4 |
| 1990s | 2.20 trillion current LCU | 1.14 trillion current LCU | 2.94 trillion current LCU | 10 |
| 2000s | 2.40 trillion current LCU | -1.77 trillion current LCU | 5.91 trillion current LCU | 10 |
| 2010s | 3.10 trillion current LCU | -4.86 trillion current LCU | 13.75 trillion current LCU | 10 |
| 2020s | 17.92 trillion current LCU | 13.06 trillion current LCU | 20.59 trillion current LCU | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Guinea?
- Gross savings in Guinea was 20.59 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Guinea?
- The highest recorded value was 20.59 trillion current LCU in 2024.
- What is the lowest gross savings recorded in Guinea?
- The lowest recorded value was -4.86 trillion current LCU in 2015.
- How does Guinea rank for gross savings?
- Guinea ranks 23rd out of 178 countries with data for 2024.
- Is gross savings rising or falling in Guinea?
- Over the last ten years it is up 1,297.0%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.