Gross savings in Guinea
Guinea: Gross savings was 10.6% in 2024. ◆ Volatile
Gross savings in Guinea, 1986–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Guinea recorded 10.6% for gross savings in 2024.
That represents a change of up 4.3% on the previous year and up 470.2% over ten years.
Over the whole period, gross savings in Guinea peaked at 48.4% in 1993 and was at its lowest, -8.2%, in 2013.
Guinea ranks 159th of 177 countries on this measure, in the bottom 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 | % of GNI | Change |
|---|---|---|
| 1986 | 41.4% | — |
| 1987 | 41.5% | +0.2% |
| 1988 | 40.5% | -2.4% |
| 1989 | 43.7% | +8.0% |
| 1990 | 46.4% | +6.0% |
| 1991 | 46.6% | +0.5% |
| 1992 | 46.3% | -0.5% |
| 1993 | 48.4% | +4.5% |
| 1994 | 47.1% | -2.7% |
| 1995 | 46.3% | -1.8% |
| 1996 | 43.1% | -7.0% |
| 1997 | 44.6% | +3.5% |
| 1998 | 41.7% | -6.4% |
| 1999 | 42.7% | +2.3% |
| 2000 | 43.2% | +1.2% |
| 2001 | 42.7% | -1.1% |
| 2002 | 40.3% | -5.6% |
| 2003 | 46.9% | +16.3% |
| 2004 | 42.2% | -9.9% |
| 2005 | 40.5% | -4.1% |
| 2006 | 1.4% | -96.6% |
| 2007 | -3.7% | -369.0% |
| 2008 | 4.3% | -216.3% |
| 2009 | -5.6% | -229.9% |
| 2010 | 6.7% | -218.5% |
| 2011 | 3.5% | -48.0% |
| 2012 | 5.9% | +69.1% |
| 2013 | -8.2% | -239.7% |
| 2014 | -2.9% | -65.0% |
| 2015 | -7.5% | +162.3% |
| 2016 | -0.7% | -90.9% |
| 2017 | 11.5% | -1776.5% |
| 2018 | 10.4% | -9.3% |
| 2019 | 11.2% | +7.9% |
| 2020 | 9.8% | -12.8% |
| 2021 | 12.0% | +22.9% |
| 2022 | 11.9% | -1.6% |
| 2023 | 10.2% | -14.2% |
| 2024 | 10.6% | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 41.8% | 40.5% | 43.7% | 4 |
| 1990s | 45.3% | 41.7% | 48.4% | 10 |
| 2000s | 25.2% | -5.6% | 46.9% | 10 |
| 2010s | 3.0% | -8.2% | 11.5% | 10 |
| 2020s | 10.9% | 9.8% | 12.0% | 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)
- Industry (including construction), value added (constant 2015 US$) 10.77 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2054 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 385.57 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 10.77 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 1,171 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 2.20 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 11.43 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.3573 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Guinea?
- Gross savings in Guinea was 10.6% 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 48.4% in 1993.
- What is the lowest gross savings recorded in Guinea?
- The lowest recorded value was -8.2% in 2013.
- How does Guinea rank for gross savings?
- Guinea ranks 159th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Guinea?
- Over the last ten years it is up 470.2%. 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 (% of GNI). 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 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.