Gross national savings — all countries

Gross national savings — Guinea

Gross national savings in Guinea in 2024 — 9.6%. Ranked 134 in the world out of 146. Since 1986, the indicator has fallen by 29.6 pp.

2024 9.6% +0.3 pp vs 2023
World rank 134of 146
Period maximum 47.6%1993
Period minimum -7.8%2013

Trend over time

1986–2024 · % of GDP

Gross national savings — Guinea, 1986–2024-200204060198619901994199820022006201020142018202220241986: 39.2%1987: 39.8%1988: 39%1989: 41.6%1990: 44.6%1991: 44.8%1992: 45%1993: 47.6%1994: 46.4%1995: 45.6%1996: 42.4%1997: 43.7%1998: 40.8%1999: 42%2000: 42.5%2001: 41.8%2002: 40%2003: 44.6%2004: 40.1%2005: 37.8%2006: 1.4%2007: -3.7%2008: 4.3%2009: -5.5%2010: 6.6%2011: 3.4%2012: 5.8%2013: -7.8%2014: -2.8%2015: -7.4%2016: -0.7%2017: 11.4%2018: 10.3%2019: 11.1%2020: 9.7%2021: 11.6%2022: 11.6%2023: 9.3%2024: 9.6%
Change over the period: −29.6 pp Annual average: -0.78 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea

Guinea 9.6%
World 26.1%
Sub-Saharan Africa computed 17.6%
Western Africa computed 15.7%
Gross national savings — Guinea, by year Guinea All countries CSV XLSX
Year % Change, pp
2024 9.6 +0.3 pp
2023 9.3 −2.4 pp
2022 11.6 +0.1 pp
2021 11.6 +1.9 pp
2020 9.7 −1.4 pp
2019 11.1 +0.9 pp
2018 10.3 −1.2 pp
2017 11.4 +12.1 pp
2016 -0.7 +6.7 pp
2015 -7.4 −4.6 pp
2014 -2.8 +5 pp
2013 -7.8 −13.5 pp
2012 5.8 +2.4 pp
2011 3.4 −3.2 pp
2010 6.6 +12.1 pp
2009 -5.5 −9.7 pp
2008 4.3 +8 pp
2007 -3.7 −5.1 pp
2006 1.4 −36.5 pp
2005 37.8 −2.2 pp
2004 40.1 −4.5 pp
2003 44.6 +4.6 pp
2002 40 −1.8 pp
2001 41.8 −0.7 pp
2000 42.5 +0.5 pp
1999 42 +1.3 pp
1998 40.8 −2.9 pp
1997 43.7 +1.3 pp
1996 42.4 −3.2 pp
1995 45.6 −0.8 pp
1994 46.4 −1.2 pp
1993 47.6 +2.6 pp
1992 45 +0.1 pp
1991 44.8 +0.2 pp
1990 44.6 +3 pp
1989 41.6 +2.7 pp
1988 39 −0.8 pp
1987 39.8 +0.6 pp
1986 39.2

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.