Real Gross Domestic Product for Guinea
GINNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.61
Year-over-Year Change
186.99%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real Gross Domestic Product for Guinea measures the total inflation-adjusted value of economic activity in the country. This key economic indicator is closely watched by policymakers and analysts to gauge Guinea's overall economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP for Guinea tracks the size and growth of the national economy, accounting for changes in prices. It is a comprehensive measure of a country's economic output and is a fundamental indicator used to assess economic health and development.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Real GDP is a crucial input for economic forecasting, policy decisions, and market analysis.
Key Facts
- Guinea's real GDP per capita was $732 in 2021.
- Guinea's economy grew by 5.1% in 2021 after a 1.2% contraction in 2020.
- Agriculture and mining are major contributors to Guinea's GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product for Guinea measures the total inflation-adjusted value of economic output in the country.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a fundamental indicator of a country's economic health and development, used by policymakers, economists, and investors to assess performance and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial input for economic forecasting, policy decisions, and market analysis, providing insights into a country's overall economic activity and growth.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for Guinea (GINNGDPRPCPPPT), retrieved from FRED.