Guinea GDP

The Gross Domestic Product (GDP) in Guinea was worth 6.70 billion US dollars in 2012. The GDP value of Guinea represents 0.01 percent of the world economy. GDP in Guinea is reported by the World Bank. From 1986 until 2012, Guinea GDP averaged 3.5 USD Billion reaching an all time high of 6.7 USD Billion in December of 2012 and a record low of 1.9 USD Billion in December of 1986. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Guinea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.70 5.13 6.70 1.92 7.75 | 2013/12 1986 - 2012 USD Billion Yearly

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Guinea GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 6.70 2012-12-31 5.13 6.70 1.92 7.75 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 4.20 2012-12-31 4.00 6.31 -0.30 5.22 2013-12-31 Percent [+]
GDP per capita 308.20 2012-12-31 304.20 311.65 265.04 312.09 2013-12-31 USD [+]
GDP per capita PPP 921.13 2012-12-31 909.18 931.44 792.15 932.77 2013-12-31 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Guinea Interest Rate at 16.00 Percent  
The benchmark interest rate in Guinea was last recorded at 16 percent. Interest Rate in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Personal Income Tax Rate at 40.00 percent  
The Personal Income Tax Rate in Guinea stands at 40 percent. Personal Income Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Guinea stands at 35 percent. Corporate Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Guinea stands at 18 percent. Sales Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Balance of Trade at -103.83 USD Million  
Guinea recorded a trade deficit of 103.83 USD Million in the second quarter of 2013. Balance of Trade in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Current Account at -321.96 USD Million  
Guinea recorded a Current Account deficit of 321.96 USD Million in the second quarter of 2013. Current Account in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Government Budget at -1.40 Percent of GDP  
Guinea recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Unemployment Rate at 22.30 Percent  
The unemployment rate in Guinea was last reported at 22.3 percent in 2009. Unemployment Rate in Guinea is reported by the INS, Guinea.
Guinea Inflation Rate at 10.30 Percent  
The inflation rate in Guinea was recorded at 10.30 percent in November of 2013. Inflation Rate in Guinea is reported by the Institut National de la Statistique de Guinée.
Guinea Current Account to GDP at -18.28 Percent  
Guinea recorded a Current Account deficit of 18.28 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Guinea is reported by the Central Bank of Republic of Guinea.
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