The Gross Domestic Product (GDP) in Guinea expanded 5.80 percent in 2018 from the previous year. Guinea GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Guinea averaged 3.67 percent from 1987 until 2018, reaching an all time high of 8.20 percent in 2017 and a record low of -0.30 percent in 2009. This page provides - Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Guinea is expected to reach 6.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea GDP Annual Growth Rate is projected to trend around 6.10 percent in 2021, according to our econometric models.

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Guinea GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.80 8.20 8.20 -0.30 1987 - 2018 percent Yearly

Guinea GDP Annual Growth Rate
Guinea is one of the poorest countries in the world. Guinea’s growth has been significantly short of its potential due to political instability, widespread corruption and underdeveloped infrastructure. Guinea has the largest bauxite reserve in world as well as significant iron, gold and diamond reserves. Yet, Guinea’s chronic inefficiencies drive away most of potential investors. Recent government efforts to fight corruption, regulate the mining sector and improve infrastructure are expected to maintain the positive momentum.