Guinea GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Guinea expanded 3.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Guinea is reported by the Central Bank of Republic of Guinea. From 1987 until 2012, Guinea GDP Annual Growth Rate averaged 3.6 Percent reaching an all time high of 6.3 Percent in December of 1988 and a record low of -0.3 Percent in December of 2009. 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. This page provides - Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.20 4.00 6.31 -0.30 5.29 | 2014/06 1987 - 2012 Percent Yearly

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Guinea GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 6.70 2012-12-31 5.13 6.70 1.92 8.46 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 4.20 2012-12-31 4.00 6.31 -0.30 5.29 2014-06-30 Percent [+]
GDP per capita 308.20 2012-12-31 304.20 311.65 265.04 314.06 2014-06-30 USD [+]
GDP per capita PPP 921.13 2012-12-31 909.18 931.44 792.15 938.65 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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