Guinea - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Guinea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Guinea economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 9001.00
 9038 9068 9099 9130 9255
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.40
percent		 5.2 5.2 4.77 4.4 6.2
GDP 10.49
USD Billion		 10.82 11.2 6.1 6.1 12
GDP per capita 856.80
USD		 441 903 439 439 1006
GDP per capita PPP 2081.10
USD		 2144 2193 1203 1203 2443
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.50
percent		 4.5 4.5 4.5 4.5 4
Population 12.72
Million		 12.9 12.9 13.2 13.2 13.6
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 10.00
percent		 9.9 10 9.5 9.3 10.5
Inflation Rate Mom 1.00
percent		 0.81 0.85 0.85 0.84 0.85
Food Inflation 13.70
percent		 13.7 13.7 13.7 13.7 13.7
Cpi Housing Utilities 634.60
Index Points		 640 648 657 665 750
CPI Transportation 496.90
Index Points		 546 547 544 543 659
Consumer Price Index Cpi 977.90
Index Points		 992 1013 1033 1053 1246
Core Consumer Prices 622.10
percent		 622 622 622 622 622
Core Inflation Rate 3.80
percent		 4.73 5.18 5.6 5.93 6.88
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 12.50
percent		 12.5 12.5 12 12 12
Deposit Interest Rate 3.84
percent		 3.84 3.84 3.34 3.34 3.34
Money Supply M1 23423.64
GNF Billion		 23911 24323 24702 25046 27141
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 180.68
USD Million		 -2.64 48.55 28.49 64.09 62.03
Exports 888.22
USD Million		 559 577 608 653 651
Imports 707.54
USD Million		 562 568 579 589 589
Current Account -10.20
USD Million		 -163 -167 -174 -182 -203
Current Account to GDP 5.51
percent		 -25 -25 -23 -23 -20
Terrorism Index 0.72
 0.6 0.48 0.54 0.6 0.58
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 18.66
percent		 28 28 33 33 35
Government Budget 0.60
percent of GDP		 -1.69 -1.62 -1.84 -2.05 -3.84
Military Expenditure 160.93
USD Million		 164 167 167 166 167
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 2034.56
KBps		 2074 2058 2011 2103 2060
IP Addresses 1400.00
IP		 43.55 -207 -195 -384 -759
Ease of Doing Business 153.00
 153 150 149 149 144
Corruption Index 27.00
Points		 27 27 27 27 27
Corruption Rank 148.00
 149 151 151 151 151
Competitiveness Index 3.47
Points		 3.47 3.47 3.46 3.46 2.83
Competitiveness Rank 119.00
 131 131 125 123 128
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 35.00
percent		 35 35 35 35 35
Personal Income Tax Rate 40.00
percent		 40 40 40 40 40
Sales Tax Rate 18.00
percent		 18 18 19 19 18
Social Security Rate 23.00
percent		 23 23 23 23 23
Social Security Rate For Companies 18.00
percent		 18 18 18 18 18
Social Security Rate For Employees 5.00
percent		 5 5 5 5 5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 24.32
celsius		 24.37 24.51 26.05 26.18 26.07