Gross savings (current US$) in Guinea
Guinea: Gross savings (current US$) was 2.40 billion current US$ in 2024. ◆ Volatile
Gross savings in Guinea, 1986–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Guinea stood at 2.40 billion current US$.
The figure is up 15.3% on the previous year and up 1,078.4% over ten years.
Over the whole period, gross savings in Guinea peaked at 2.46 billion current US$ in 1995 and was at its lowest, -651.64 million current US$, in 2013.
Guinea ranks 131st of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current US$) in Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1986 | 1.14 billion current US$ | — |
| 1987 | 1.18 billion current US$ | +3.8% |
| 1988 | 1.35 billion current US$ | +14.4% |
| 1989 | 1.48 billion current US$ | +9.0% |
| 1990 | 1.73 billion current US$ | +17.5% |
| 1991 | 1.97 billion current US$ | +13.6% |
| 1992 | 2.15 billion current US$ | +9.3% |
| 1993 | 2.27 billion current US$ | +5.6% |
| 1994 | 2.29 billion current US$ | +0.6% |
| 1995 | 2.46 billion current US$ | +7.2% |
| 1996 | 2.39 billion current US$ | -2.6% |
| 1997 | 2.41 billion current US$ | +0.7% |
| 1998 | 2.13 billion current US$ | -11.5% |
| 1999 | 2.12 billion current US$ | -0.6% |
| 2000 | 1.85 billion current US$ | -12.5% |
| 2001 | 1.72 billion current US$ | -7.0% |
| 2002 | 1.72 billion current US$ | -0.2% |
| 2003 | 2.24 billion current US$ | +30.2% |
| 2004 | 2.12 billion current US$ | -5.2% |
| 2005 | 1.62 billion current US$ | -23.7% |
| 2006 | 57.82 million current US$ | -96.4% |
| 2007 | -231.40 million current US$ | -500.2% |
| 2008 | 297.38 million current US$ | -228.5% |
| 2009 | -368.04 million current US$ | -223.8% |
| 2010 | 451.29 million current US$ | -222.6% |
| 2011 | 230.20 million current US$ | -49.0% |
| 2012 | 439.88 million current US$ | +91.1% |
| 2013 | -651.64 million current US$ | -248.1% |
| 2014 | -245.21 million current US$ | -62.4% |
| 2015 | -649.45 million current US$ | +164.9% |
| 2016 | -58.16 million current US$ | -91.0% |
| 2017 | 1.18 billion current US$ | -2127.9% |
| 2018 | 1.22 billion current US$ | +3.1% |
| 2019 | 1.50 billion current US$ | +23.1% |
| 2020 | 1.37 billion current US$ | -8.8% |
| 2021 | 1.97 billion current US$ | +44.4% |
| 2022 | 2.32 billion current US$ | +17.5% |
| 2023 | 2.08 billion current US$ | -10.3% |
| 2024 | 2.40 billion current US$ | +15.3% |
Guinea compared with similar countries
- Guinea's 2.40 billion current US$ is below the median for lower middle income countries, which is 4.69 billion current US$, 51% of the median. (45 countries reporting)
- Guinea's 2.40 billion current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 70% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current US$) 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 | +2127.9% | -58.16 million current US$ | 1.18 billion current US$ |
| 2007 | -500.2% | 57.82 million current US$ | -231.40 million current US$ |
| 2013 | -248.1% | 439.88 million current US$ | -651.64 million current US$ |
| 2009 | -223.8% | 297.38 million current US$ | -368.04 million current US$ |
| 2008 | +228.5% | -231.40 million current US$ | 297.38 million current US$ |
| 2010 | +222.6% | -368.04 million current US$ | 451.29 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.29 billion current US$ | 1.14 billion current US$ | 1.48 billion current US$ | 4 |
| 1990s | 2.19 billion current US$ | 1.73 billion current US$ | 2.46 billion current US$ | 10 |
| 2000s | 1.10 billion current US$ | -368.04 million current US$ | 2.24 billion current US$ | 10 |
| 2010s | 340.89 million current US$ | -651.64 million current US$ | 1.50 billion current US$ | 10 |
| 2020s | 2.03 billion current US$ | 1.37 billion current US$ | 2.40 billion current US$ | 5 |
Countries ranked near Guinea
More economy & growth data for Guinea
- Real gdp growth, annual growth rate -2.71 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 470.07 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0005 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.9019 units per person (2025)
- SDRs holdings, SDR, annual growth rate 442.86 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.6586 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Guinea?
- Gross savings in Guinea was 2.40 billion current US$ 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 2.46 billion current US$ in 1995.
- What is the lowest gross savings recorded in Guinea?
- The lowest recorded value was -651.64 million current US$ in 2013.
- How does Guinea rank for gross savings?
- Guinea ranks 131st out of 178 countries with data for 2024.
- Is gross savings rising or falling in Guinea?
- Over the last ten years it is up 1,078.4%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.