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African economies
Guinea · Economy

Guinea economy: GDP, investment, trade and remittances

How large the Guinea economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
US$28.3 billion
current US$, 2025
Real GDP growth
7.4%
2025
GDP per person
US$1,877
current US$, 2025
Exports of goods
US$9.8 billion
2024, as reported by trading partners
Remittances received
US$616 million
2024, 2.5% of GDP
Foreign direct investment, net inflows
US$7.8 billion
2025, 27.4% of GDP

Guinea economy snapshot: GDP, growth and income per person

Guinea's GDP was US$28.3 billion in 2025, after real growth of 7.4%.

GDP

Current US dollars.

010bn20bn30bn201520172019202120232025GDP 2015: US$8.8 billionGDP 2016: US$8.6 billionGDP 2017: US$10.3 billionGDP 2018: US$11.9 billionGDP 2019: US$13.4 billionGDP 2020: US$14.1 billionGDP 2021: US$17.1 billionGDP 2022: US$19.9 billionGDP 2023: US$22.4 billionGDP 2024: US$25.0 billionGDP 2025: US$28.3 billion

Real GDP growth

Annual change, per cent. Red bars are contractions.

0%5%10%15%201520172019202120232025Real GDP growth 2015: 3.8%Real GDP growth 2016: 10.8%Real GDP growth 2017: 10.3%Real GDP growth 2018: 6.4%Real GDP growth 2019: 5.6%Real GDP growth 2020: 4.7%Real GDP growth 2021: 5.6%Real GDP growth 2022: 4.0%Real GDP growth 2023: 5.5%Real GDP growth 2024: 5.4%Real GDP growth 2025: 7.4%

GDP per person

Current US dollars.

05001k2k2k201520172019202120232025GDP per person 2015: US$747GDP per person 2016: US$712GDP per person 2017: US$834GDP per person 2018: US$933GDP per person 2019: US$1,031GDP per person 2020: US$1,054GDP per person 2021: US$1,245GDP per person 2022: US$1,417GDP per person 2023: US$1,555GDP per person 2024: US$1,695GDP per person 2025: US$1,877

Source: World Bank, 2025. Method

Who invests in Guinea and in what

Direct investment by investing country

China was the largest investing country in Guinea, at 30% of inward direct investment positions in 2024.

Inward direct investment positions in Guinea at the end of 2024: the stock of foreign direct investment, not a year's new flow. The 10 largest investing countries.

ChinaUS$2.4 billion30.0%
British Virgin IslandsUS$968 million12.0%
United KingdomUS$963 million12.0%
United StatesUS$637 million7.9%
TurkeyUS$575 million7.2%
QatarUS$370 million4.6%
FranceUS$276 million3.4%
AustraliaUS$252 million3.1%
LebanonUS$212 million2.6%
SenegalUS$207 million2.6%

Source: IMF, 2024. Method

What Guinea sells and buys

Guinea has not reported recent trade data to UN Comtrade. These figures are what 116 trading partners report about trade with Guinea, shown as reported by trading partners. Partners' imports from Guinea stand in for its exports and partners' exports to Guinea for its imports. They are not Guinea's own figures.

Ores, slag and ash was 85% of exports in 2024.

Guinea sold the most to China, 78% of exports in 2024.

Exports by product, 2024

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Ores, slag and ash: US$8.3 billion, 85.1%Ores, slag and ash85%Cocoa and cocoa preparations: US$486 million, 5.0%Cocoa and…5%Natural, cultured pearls: US$469 million, 4.8%Pearls, p…5%Rubber and articles thereof: US$145 million, 1.5%Fruit and nuts, edible: US$99 million, 1.0%Mineral fuels, mineral oils and products of their distillation: US$49 million, 0.5%Fish and crustaceans, molluscs and other aquatic invertebrates: US$42 million, 0.4%Coffee, tea, mate and spices: US$40 million, 0.4%Food industries, residues and wastes thereof: US$28 million, 0.3%Copper and articles thereof: US$19 million, 0.2%Aluminium and articles thereof: US$14 million, 0.1%Plastics and articles thereof: US$10 million, 0.1%All other chapters: US$63 million, 0.6%

Source: UN Comtrade, 2024. Method

Top buyers, 2024

Share of Guinea's exports.

ChinaUS$7.6 billion78.0%
IndiaUS$723 million7.4%
MalaysiaUS$280 million2.9%
IrelandUS$157 million1.6%
GermanyUS$135 million1.4%
SpainUS$114 million1.2%
LiberiaUS$108 million1.1%
NetherlandsUS$105 million1.1%
ItalyUS$105 million1.1%
IndonesiaUS$62 million0.6%

Top suppliers, 2024

Share of Guinea's imports.

ChinaUS$3.9 billion49.3%
IndiaUS$813 million10.2%
FranceUS$240 million3.0%
BelgiumUS$228 million2.9%
BrazilUS$203 million2.5%
TurkeyUS$202 million2.5%
MoroccoUS$199 million2.5%
SenegalUS$189 million2.4%
GermanyUS$185 million2.3%
Côte d'IvoireUS$181 million2.3%

Source: UN Comtrade, 2024. Method

What Guinea buys, 2024

The 8 largest product chapters in imports.

Machinery and mechanical appliancesUS$1.1 billion14.3%
VehiclesUS$828 million10.4%
CerealsUS$610 million7.7%
Electrical machinery and equipmentUS$602 million7.5%
Iron or steel articlesUS$532 million6.7%
PlasticsUS$313 million3.9%
Iron and steelUS$258 million3.2%
Mineral fuels and oilsUS$256 million3.2%

Source: UN Comtrade, 2024. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

-5.0bn05.0bn10bn15bn20152017201920212023Trade balance 2015: -US$1.5 billion (exports US$1.9 billion, imports US$3.4 billion)Trade balance 2016: -US$71 million (exports US$3.4 billion, imports US$3.5 billion)Trade balance 2017: US$2.2 billion (exports US$6.1 billion, imports US$4.0 billion)Trade balance 2018: US$1.9 billion (exports US$6.2 billion, imports US$4.3 billion)Trade balance 2019: US$2.3 billion (exports US$6.7 billion, imports US$4.4 billion)Trade balance 2020: US$7.3 billion (exports US$12.1 billion, imports US$4.8 billion)Trade balance 2021: US$4.8 billion (exports US$10.2 billion, imports US$5.4 billion)Trade balance 2022: US$5.2 billion (exports US$11.5 billion, imports US$6.3 billion)Trade balance 2023: US$11.2 billion (exports US$18.1 billion, imports US$6.9 billion)Trade balance 2024: US$1.8 billion (exports US$9.8 billion, imports US$8.0 billion)

Source: UN Comtrade, 2024. Method

Remittances against foreign direct investment in Guinea

Foreign direct investment in Guinea was 2.3 times remittances in 2024.

Remittances receivedForeign direct investment, net inflows
02.0bn4.0bn6.0bn8.0bn201520172019202120232025Remittances 2015: US$131 millionRemittances 2016: US$52 millionRemittances 2017: US$45 millionRemittances 2018: US$28 millionRemittances 2019: US$158 millionRemittances 2020: US$23 millionRemittances 2021: US$344 millionRemittances 2022: US$527 millionRemittances 2023: US$497 millionRemittances 2024: US$616 millionForeign direct investment 2015: US$53 millionForeign direct investment 2016: US$1.6 billionForeign direct investment 2017: US$578 millionForeign direct investment 2018: US$353 millionForeign direct investment 2019: US$44 millionForeign direct investment 2020: US$176 millionForeign direct investment 2021: US$198 millionForeign direct investment 2022: US$658 millionForeign direct investment 2023: US$1.3 billionForeign direct investment 2024: US$1.4 billionForeign direct investment 2025: US$7.8 billion

Source: World Bank, 2026. Method

Remittances and investment as a share of GDP

The same two flows measured against the size of the economy.

Remittances, share of GDPForeign direct investment, share of GDP
0%10%20%30%201520172019202120232025Remittances 2015: 1.5%Remittances 2016: 0.6%Remittances 2017: 0.4%Remittances 2018: 0.2%Remittances 2019: 1.2%Remittances 2020: 0.2%Remittances 2021: 2.0%Remittances 2022: 2.6%Remittances 2023: 2.2%Remittances 2024: 2.5%Foreign direct investment 2015: 0.6%Foreign direct investment 2016: 18.8%Foreign direct investment 2017: 5.6%Foreign direct investment 2018: 3.0%Foreign direct investment 2019: 0.3%Foreign direct investment 2020: 1.3%Foreign direct investment 2021: 1.2%Foreign direct investment 2022: 3.3%Foreign direct investment 2023: 5.9%Foreign direct investment 2024: 5.6%Foreign direct investment 2025: 27.4%

Source: World Bank, 2026. Method

Who Guinea owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

Multilateral creditors held 35% of Guinea's external debt stock in 2024.

Public external debt owed to China was US$1.6 billion in 2024, 31% of the external debt stock.

MultilateralBilateralCommercial banksRest of the totalPublic debt owed to China
02.0bn4.0bn6.0bn20152017201920212023Multilateral 2015: US$594 millionBilateral 2015: US$980 millionRest of the total 2015: US$465 millionMultilateral 2016: US$620 millionBilateral 2016: US$1.1 billionRest of the total 2016: US$473 millionMultilateral 2017: US$689 millionBilateral 2017: US$1.1 billionRest of the total 2017: US$552 millionMultilateral 2018: US$823 millionBilateral 2018: US$1.1 billionRest of the total 2018: US$623 millionMultilateral 2019: US$1.0 billionBilateral 2019: US$1.8 billionCommercial banks 2019: US$44 millionRest of the total 2019: US$692 millionMultilateral 2020: US$1.2 billionBilateral 2020: US$1.8 billionCommercial banks 2020: US$204 millionRest of the total 2020: US$836 millionMultilateral 2021: US$1.4 billionBilateral 2021: US$1.8 billionCommercial banks 2021: US$259 millionRest of the total 2021: US$1.1 billionMultilateral 2022: US$1.5 billionBilateral 2022: US$1.8 billionCommercial banks 2022: US$374 millionRest of the total 2022: US$1.3 billionMultilateral 2023: US$1.6 billionBilateral 2023: US$1.7 billionCommercial banks 2023: US$569 millionRest of the total 2023: US$1.3 billionMultilateral 2024: US$1.9 billionBilateral 2024: US$1.6 billionCommercial banks 2024: US$508 millionRest of the total 2024: US$1.4 billionPublic debt owed to China 2015: US$513 millionPublic debt owed to China 2016: US$550 millionPublic debt owed to China 2017: US$574 millionPublic debt owed to China 2018: US$604 millionPublic debt owed to China 2019: US$1.3 billionPublic debt owed to China 2020: US$1.5 billionPublic debt owed to China 2021: US$1.5 billionPublic debt owed to China 2022: US$1.6 billionPublic debt owed to China 2023: US$1.8 billionPublic debt owed to China 2024: US$1.6 billion

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

Reserves, US$Months of imports
01.0bn2.0bn3.0bn024620152017201920212023Reserves 2015: US$654 millionReserves 2016: US$840 millionReserves 2017: US$980 millionReserves 2018: US$1.2 billionReserves 2019: US$1.4 billionReserves 2020: US$1.5 billionReserves 2021: US$2.2 billionReserves 2022: US$2.1 billionReserves 2023: US$1.9 billionReserves 2024: US$1.3 billionMonths of imports 2015: 2.7 monthsMonths of imports 2016: 1.9 monthsMonths of imports 2017: 2.7 monthsMonths of imports 2018: 3.4 monthsMonths of imports 2019: 3.7 monthsMonths of imports 2020: 2.8 monthsMonths of imports 2021: 4.3 monthsMonths of imports 2022: 4.1 monthsMonths of imports 2023: 2.2 monthsMonths of imports 2024: 1.3 months

Source: World Bank, 2026. Method

Aid received by Guinea

Net official development assistance and official aid received.

0200m400m600m800m20152017201920212023Aid received 2015: US$539 millionAid received 2016: US$567 millionAid received 2017: US$472 millionAid received 2018: US$654 millionAid received 2019: US$563 millionAid received 2020: US$727 millionAid received 2021: US$594 millionAid received 2022: US$502 millionAid received 2023: US$532 million

Source: World Bank, 2026. Method

More on Guinea

World Bank data pages for Guinea: GDP, GDP growth, GDP per person, remittances, foreign direct investment, reserves, months of imports, external debt, debt by creditor, aid. UN Comtrade: trade data. IMF: direct investment positions.