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 9016.00
9111 9218 9327 9437 9890
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 9.80
percent
8.1 7.9 8 8 10.5
Food Inflation 13.70
percent
13.69 13.69 13.69 13.69 13.69
Cpi Housing Utilities 628.60
Index Points
639 647 656 664 749
CPI Transportation 497.00
Index Points
537 536 537 537 646
Consumer Price Index Cpi 960.30
Index Points
986 1005 1023 1042 1222
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 12.50
percent
12.5 12.5 12 12.5 12
Deposit Interest Rate 3.84
percent
3.84 3.84 3.34 3.84 3.34
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
Personal Income Tax Rate 40.00
percent
40 40 40 40 40
Corporate Tax Rate 35.00
percent
35 35 35 35 35
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