Gross Domestic Product Per Capita for Guinea
PCAGDPGNA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,717.02
Year-over-Year Change
145.52%
Date Range
1/1/1970 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its population. It is a key indicator of a country's standard of living and economic development.
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
GDP per capita for Guinea provides a measure of the average income and productivity of the Guinean population. It is widely used by economists, policymakers, and international organizations to assess Guinea's economic performance and progress over time.
Methodology
The data is calculated by the World Bank using official GDP and population figures reported by the Government of Guinea.
Historical Context
GDP per capita helps inform economic and social policies in Guinea and is tracked closely by global investors and institutions.
Key Facts
- Guinea's GDP per capita was $767 in 2021.
- GDP per capita in Guinea has grown by 2.6% annually over the past decade.
- Guinea ranks 167th globally by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: GDP per capita for Guinea measures the total economic output of the country divided by its population, providing an indicator of average income and productivity.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key metric for assessing a country's standard of living, economic development, and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official GDP and population figures reported by the Government of Guinea.
Q: How is this trend used in economic policy?
A: GDP per capita helps inform economic and social policies in Guinea and is tracked closely by global investors and institutions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the data source.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Guinea (PCAGDPGNA646NWDB), retrieved from FRED.