Real Non-Oil GDP for Guinea
GINNGDPXORPCPPPT • 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 Non-Oil GDP for Guinea measures the inflation-adjusted economic output of Guinea, excluding the oil and gas sector. This trend is crucial for understanding the broader growth trajectory of the Guinean economy.
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
The Real Non-Oil GDP for Guinea provides a comprehensive view of economic activity in the country, excluding the volatile oil and gas industry. Economists and policymakers use this metric to gauge the health and diversification of the Guinean economy.
Methodology
The data is calculated by the Guinean National Statistics Agency based on survey information and national accounts.
Historical Context
This trend is important for evaluating Guinea's progress toward economic diversification and sustainable development.
Key Facts
- Guinea is a major producer and exporter of bauxite, gold, and diamonds.
- The non-oil sector accounts for over 70% of Guinea's GDP.
- Real non-oil GDP growth averaged 5.5% annually from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: The Real Non-Oil GDP for Guinea measures the inflation-adjusted economic output of the country, excluding the volatile oil and gas sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the broader health and diversification of the Guinean economy, beyond the influence of the oil and gas industry.
Q: How is this data collected or calculated?
A: The data is calculated by the Guinean National Statistics Agency based on survey information and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Guinea's progress toward economic diversification and sustainable development.
Q: Are there update delays or limitations?
A: The data is typically published with a 6-12 month delay, reflecting the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Real Non-Oil GDP for Guinea (GINNGDPXORPCPPPT), retrieved from FRED.