Value Added (Total Manufacturing) — Value Standard Local Currency in Guinea
Guinea: Value Added (Total Manufacturing) — Value Standard Local Currency was 22.80 million million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Guinea, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Guinea recorded 22.80 million million SLC for value added (total manufacturing) — value standard local currency in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 264.8% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Guinea peaked at 22.80 million million SLC in 2023 and was at its lowest, 2,587 million SLC, in 1970.
That places Guinea 22nd out of 231 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.
Value Added (Total Manufacturing) — Value Standard Local Currency in Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2,587 million SLC | — |
| 1971 | 2,879 million SLC | +11.3% |
| 1972 | 3,110 million SLC | +8.0% |
| 1973 | 3,473 million SLC | +11.7% |
| 1974 | 3,807 million SLC | +9.6% |
| 1975 | 4,106 million SLC | +7.8% |
| 1976 | 4,707 million SLC | +14.6% |
| 1977 | 4,758 million SLC | +1.1% |
| 1978 | 5,190 million SLC | +9.1% |
| 1979 | 5,519 million SLC | +6.3% |
| 1980 | 6,019 million SLC | +9.1% |
| 1981 | 6,585 million SLC | +9.4% |
| 1982 | 8,668 million SLC | +31.6% |
| 1983 | 11,356 million SLC | +31.0% |
| 1984 | 14,444 million SLC | +27.2% |
| 1985 | 18,099 million SLC | +25.3% |
| 1986 | 31,761 million SLC | +75.5% |
| 1987 | 40,869 million SLC | +28.7% |
| 1988 | 53,635 million SLC | +31.2% |
| 1989 | 68,789 million SLC | +28.3% |
| 1990 | 84,979 million SLC | +23.5% |
| 1991 | 102,947 million SLC | +21.1% |
| 1992 | 114,116 million SLC | +10.8% |
| 1993 | 146,756 million SLC | +28.6% |
| 1994 | 153,715 million SLC | +4.7% |
| 1995 | 162,445 million SLC | +5.7% |
| 1996 | 166,531 million SLC | +2.5% |
| 1997 | 158,432 million SLC | -4.9% |
| 1998 | 173,188 million SLC | +9.3% |
| 1999 | 287,270 million SLC | +65.9% |
| 2000 | 214,708 million SLC | -25.3% |
| 2001 | 235,212 million SLC | +9.5% |
| 2002 | 305,197 million SLC | +29.8% |
| 2003 | 982,836 million SLC | +222.0% |
| 2004 | 1.12 million million SLC | +14.0% |
| 2005 | 1.52 million million SLC | +35.4% |
| 2006 | 2.47 million million SLC | +63.1% |
| 2007 | 3.02 million million SLC | +22.0% |
| 2008 | 4.06 million million SLC | +34.6% |
| 2009 | 4.05 million million SLC | -0.2% |
| 2010 | 4.17 million million SLC | +3.0% |
| 2011 | 4.73 million million SLC | +13.4% |
| 2012 | 5.62 million million SLC | +18.8% |
| 2013 | 6.25 million million SLC | +11.2% |
| 2014 | 6.82 million million SLC | +9.2% |
| 2015 | 7.98 million million SLC | +16.9% |
| 2016 | 8.42 million million SLC | +5.6% |
| 2017 | 9.40 million million SLC | +11.6% |
| 2018 | 10.36 million million SLC | +10.1% |
| 2019 | 12.84 million million SLC | +24.0% |
| 2020 | 12.89 million million SLC | +0.4% |
| 2021 | 18.20 million million SLC | +41.2% |
| 2022 | 21.71 million million SLC | +19.3% |
| 2023 | 22.80 million million SLC | +5.0% |
Guinea compared with similar countries
- Guinea's 22.80 million million SLC is above the median for lower middle income countries, which is 183,468 million SLC, 124.3× the median. (44 countries reporting)
- Guinea's 22.80 million million SLC is above the median for Sub-Saharan Africa, which is 756,855 million SLC, 30.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency 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 |
|---|---|---|---|
| 2003 | +222.0% | 305,197 million SLC | 982,836 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,013 million SLC | 2,587 million SLC | 5,519 million SLC | 10 |
| 1980s | 26,022 million SLC | 6,019 million SLC | 68,789 million SLC | 10 |
| 1990s | 155,038 million SLC | 84,979 million SLC | 287,270 million SLC | 10 |
| 2000s | 1.80 million million SLC | 214,708 million SLC | 4.06 million million SLC | 10 |
| 2010s | 7.66 million million SLC | 4.17 million million SLC | 12.84 million million SLC | 10 |
| 2020s | 18.90 million million SLC | 12.89 million million SLC | 22.80 million million SLC | 4 |
Countries ranked near Guinea
- 19 Lao People's Democratic Republic 26.57 million million SLC compare
- 19 Laos 26.57 million million SLC compare
- 21 Chile 25.95 million million SLC compare
- 23 Russian Federation 22.13 million million SLC compare
- 23 Russia 22.13 million million SLC compare
- 25 Kazakhstan 14.54 million million SLC compare
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 value added (total manufacturing) — value standard local currency in Guinea?
- Value added (total manufacturing) — value standard local currency in Guinea was 22.80 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Guinea?
- The highest recorded value was 22.80 million million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Guinea?
- The lowest recorded value was 2,587 million SLC in 1970.
- How does Guinea rank for value added (total manufacturing) — value standard local currency?
- Guinea ranks 22nd out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Guinea?
- Over the last ten years it is up 264.8%. 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 Value Added (Total Manufacturing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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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).