Wages in Manufacturing in Austria remained unchanged at 109.70 points in March from 109.70 points in February of 2020. Wages in Manufacturing in Austria averaged 104.40 points from 1995 until 2020, reaching an all time high of 138.30 points in February of 2019 and a record low of 75.89 points in January of 1995. This page provides - Austria Minimum Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Harmonised Consumer Prices in Austria increased to 108.50 points in March from 107.90 points in February of 2020. Harmonised Consumer Prices in Austria averaged 87.11 points from 1995 until 2020, reaching an all time high of 108.70 points in December of 2019 and a record low of 70.20 points in January of 1995. The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term. This page provides - Austria Harmonised Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria recorded a government debt equivalent to 70.40 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in Austria averaged 69.43 percent from 1988 until 2019, reaching an all time high of 84.90 percent in 2015 and a record low of 56.10 percent in 1990. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Austria Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government spending in Austria was last recorded at 48.2 percent of GDP in 2019 . Government Spending to GDP in Austria averaged 51.70 percent from 1976 until 2019, reaching an all time high of 56.40 percent in 1993 and a record low of 47.30 percent in 1977. This page provides the latest reported value for - Austria Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Austria recorded a Government Budget surplus equal to 0.70 percent of the country's Gross Domestic Product in 2019. Government Budget in Austria averaged -2.36 percent of GDP from 1995 until 2019, reaching an all time high of 0.70 percent of GDP in 2019 and a record low of -6.10 percent of GDP in 1995. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Austria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Steel Production in Austria decreased to 543.03 Thousand Tonnes in March from 641.96 Thousand Tonnes in February of 2020. Steel Production in Austria averaged 485.11 Thousand Tonnes from 1980 until 2020, reaching an all time high of 734.81 Thousand Tonnes in October of 2018 and a record low of 235 Thousand Tonnes in January of 1987. This page has Steel Production values for Austria.

Industrial Production in Austria decreased 2.30 percent in February of 2020 over the same month in the previous year. Industrial Production in Austria averaged 2.57 percent from 2001 until 2020, reaching an all time high of 11.10 percent in January of 2001 and a record low of -15.20 percent in May of 2009. In Austria, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector (69 percent of total production) including: machinery and equipment (9 percent); basic metals (6 percent); food products (6 percent); motor vehicles, trailers and semi-trailers (6 percent); fabricated metal products, except machinery and equipment (6 percent); and electrical equipment (5 percent). Electricity, gas, steam and air conditioning supply account for 15 percent of total output followed by construction (13 percent), water supply, sewerage and waste management (2 percent) and mining and quarrying (1 percent). This page provides the latest reported value for - Austria Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Austria decreased 2.40 percent in February of 2020 over the previous month. Industrial Production Mom in Austria averaged 0.22 percent from 2000 until 2020, reaching an all time high of 6.20 percent in January of 2003 and a record low of -4.10 percent in October of 2008. In Austria, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 69 percent of total production. The biggest segments within Manufacturing are: machinery and equipment (9 percent of total production); basic metals (6 percent); food products (6 percent); motor vehicles, trailers and semi-trailers (6 percent); fabricated metal products, except machinery and equipment (6 percent); and electrical equipment (5 percent). Electricity, gas, steam and air conditioning supply account for 15 percent of total output; and construction accounts for 13 percent, of which building construction accounts for 4 percent and civil engineering accounts for 3 percent. Water supply, sewerage and waste management account for 2 percent of production, and mining and quarrying account for only 1 percent. This page provides the latest reported value for - Austria Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing Production in Austria decreased 4.30 percent in February of 2020 over the same month in the previous year. Manufacturing Production in Austria averaged 3.35 percent from 1998 until 2020, reaching an all time high of 16.50 percent in November of 1999 and a record low of -17.70 percent in May of 2009. In Austria, manufacturing is the most important sector and accounts for 69 percent of total production. The biggest segments within Manufacturing are: machinery and equipment (9 percent of total production); basic metals (6 percent); food products (6 percent); motor vehicles, trailers and semi-trailers (6 percent); fabricated metal products, except machinery and equipment (6 percent); and electrical equipment (5 percent). This page provides - Austria Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mining production in Austria decreased 3.80 percent in February of 2020 over the same month in the previous year. Mining Production in Austria averaged 0.86 percent from 1997 until 2020, reaching an all time high of 29.60 percent in February of 2010 and a record low of -28.80 percent in February of 2013. In Austria, mining and quarrying account for 1 percent of total production. This page provides - Austria Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Orders in Austria decreased to 114.30 points in February from 118.70 points in January of 2020. New Orders in Austria averaged 105.09 points from 2005 until 2020, reaching an all time high of 143.10 points in October of 2018 and a record low of 74.50 points in January of 2010. In Austria, because new orders heavily affect business confidence they are a leading indicator for growth in gross domsestic product. This page provides - Austria New Orders - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria recorded a Current Account surplus of 2.60 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Austria averaged 0.49 percent from 1980 until 2019, reaching an all time high of 4.50 percent in 2008 and a record low of -5.10 percent in 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Austria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Austria decreased to 280426 EUR Million in 2019 from 285267 EUR Million in 2018. Government Debt in Austria averaged 150854.58 EUR Million from 1980 until 2019, reaching an all time high of 296256 EUR Million in 2016 and a record low of 27002 EUR Million in 1980. This page provides - Austria Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Austria decreased to -30.30 points in April from -11.10 points in March of 2020. Business Confidence in Austria averaged -4.02 points from 1985 until 2020, reaching an all time high of 15.20 points in February of 2007 and a record low of -37.80 points in March of 2009. In Austria, the Business Climate Indicator measures the current situation of the businesses and its future prospects. The questionnaire focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator is computed through the estimation of a factor-model and summarizes the common information contained in the surveys. A rise in the indicator will point to an upswing in activity and an improvement in the business climate. This page provides - Austria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in Austria decreased to -18.40 points in April from -7.50 points in March of 2020. Consumer Confidence in Austria averaged -8.77 points from 1995 until 2020, reaching an all time high of 4 points in December of 2017 and a record low of -23.10 points in November of 2008. In Austria, the consumer confidence indicator is calculated as the arithmetic average of the balances (in percentage points) of responses on the general economic situation, the financial situation of households and their expectations concerning unemployment (with inverted sign) and savings, each for the next 12 months. Balances are seasonally adjusted. This page provides the latest reported value for - Austria Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Austria contracted 2.50 percent in the first quarter of 2020 over the previous quarter. GDP Growth Rate in Austria averaged 0.42 percent from 1996 until 2020, reaching an all time high of 1 percent in the second quarter of 1999 and a record low of -2.50 percent in the first quarter of 2020. Austria's economy features a large service sector (63 percent of total GDP), a solid industrial sector (25 percent), and a small, but highly developed agricultural sector (1 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Net exports of goods and services adds 3 percent to the GDP as exports accounts for 53 percent and imports for 50 percent. . This page provides - Austria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Austria contracted 2.70 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Austria averaged 1.78 percent from 1997 until 2020, reaching an all time high of 5.60 percent in the first quarter of 2011 and a record low of -5.90 percent in the second quarter of 2009. In Austria, household consumption is the main component of GDP and accounts for 54 percent, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Net exports of goods and services adds 3 percent to the GDP as exports accounts for 53 percent and imports for 50 percent. This page provides - Austria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Austria decreased to 101.30 points in March from 102.10 points in February of 2020. Producer Prices in Austria averaged 95.35 points from 2000 until 2020, reaching an all time high of 103.80 points in October of 2018 and a record low of 84.90 points in January of 2000. In Austria, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides the latest reported value for - Austria Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Producer Prices in Austria decreased 1.50 percent in March of 2020 over the same month in the previous year. Producer Prices Change in Austria averaged 0.88 percent from 2001 until 2020, reaching an all time high of 5.47 percent in December of 2010 and a record low of -3.20 percent in July of 2009. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - Austria Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria recorded a government budget deficit of 1966 EUR Million in March of 2020. Government Budget Value in Austria averaged -576.47 EUR Million from 2003 until 2020, reaching an all time high of 5384 EUR Million in January of 2003 and a record low of -7614 EUR Million in December of 2008. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Austria Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Credit in Austria increased to 174563 EUR Million in March from 173834 EUR Million in February of 2020. Consumer Credit in Austria averaged 128550.93 EUR Million from 2001 until 2020, reaching an all time high of 174563 EUR Million in March of 2020 and a record low of 61711 EUR Million in November of 2001. This page provides the latest reported value for - Austria Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fiscal Expenditure in Austria increased to 7864 EUR Million in March from 6024 EUR Million in February of 2020. Fiscal Expenditure in Austria averaged 7793.77 EUR Million from 2003 until 2020, reaching an all time high of 72598 EUR Million in November of 2017 and a record low of 3970 EUR Million in September of 2004. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Austria Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households Debt in Austria remained unchanged at 48.80 percent in the fourth quarter of 2019 from 48.80 percent in the third quarter of 2019. Households Debt To GDP in Austria averaged 48.70 percent from 1995 until 2019, reaching an all time high of 54.40 percent in the second quarter of 2010 and a record low of 40.70 percent in the first quarter of 1996. This page provides - Austria Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Austria increased to 522253 in April of 2020 from 504345 in March of 2020. Unemployed Persons in Austria averaged 166398.24 from 1960 until 2020, reaching an all time high of 522253 in April of 2020 and a record low of 22344 in August of 1974. In Austria, unemployed persons are individuals who are without a job and actively seeking to work. This page provides the latest reported value for - Austria Unemployed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of employed persons in Austria decreased to 3589.40 Thousand in March of 2020 from 3776.60 Thousand in February of 2020. Employed Persons in Austria averaged 3052.88 Thousand from 1970 until 2020, reaching an all time high of 3880.50 Thousand in July of 2019 and a record low of 2302.70 Thousand in January of 1970. In Austria, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Austria Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria recorded a trade deficit of 137 EUR Million in February of 2020. Balance of Trade in Austria averaged -290.43 EUR Million from 1953 until 2020, reaching an all time high of 581 EUR Million in November of 2014 and a record low of -1256 EUR Million in April of 1991. Austria's economy is dependent on foreign trade and closely linked to the economies of other EU countries, particularly Germany. The major export commodity in Austria is the automobile and its components, machinery and paper products. Austria imports mainly machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products and foodstuffs. This page provides - Austria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Austria stands at AA+ with stable outlook. Moody's credit rating for Austria was last set at Aa1 with stable outlook. Fitch's credit rating for Austria was last reported at AA+ with positive outlook. DBRS's credit rating for Austria is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Austria thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Austria as reported by major credit rating agencies.

Austria recorded 615 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Austria reported 15833 Coronavirus Cases. This page includes a chart with historical data for Austria Coronavirus Deaths.

Austria recorded 13928 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Austria reported 615 Coronavirus Deaths. This page includes a chart with historical data for Austria Coronavirus Recovered.

Internet Speed in Guinea decreased to 2034.56 KBps in the first quarter of 2017 from 2052.72 KBps in the fourth quarter of 2016. Internet Speed in Guinea averaged 573 KBps from 2007 until 2017, reaching an all time high of 2052.72 KBps in the fourth quarter of 2016 and a record low of 104.33 KBps in the third quarter of 2009. This page includes a chart with historical data for GuineaInternet Speed.

IP Addresses in Guinea increased to 1400 IP in the first quarter of 2017 from 1378 IP in the fourth quarter of 2016. IP Addresses in Guinea averaged 1543.97 IP from 2007 until 2017, reaching an all time high of 2783 IP in the third quarter of 2015 and a record low of 647 IP in the fourth quarter of 2011. This page includes a chart with historical data for GuineaIP Addresses.

Military Expenditure in Guinea decreased to 192 USD Million in 2018 from 199 USD Million in 2017. Military Expenditure in Guinea averaged 137.34 USD Million from 1991 until 2018, reaching an all time high of 213.40 USD Million in 2015 and a record low of 59.90 USD Million in 1993.

Deposit Interest Rate in Guinea decreased to 3.84 percent in 2016 from 6.69 percent in 2015. Deposit Interest Rate in Guinea averaged 14.22 percent from 1987 until 2016, reaching an all time high of 23 percent in 1992 and a record low of 3.84 percent in 2016. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Guinea.

The Gross Domestic Product per capita in Guinea was last recorded at 2338 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Guinea, when adjusted by Purchasing Power Parity is equivalent to 13 percent of the world's average. GDP per capita PPP in Guinea averaged 1632.75 USD from 1990 until 2018, reaching an all time high of 2338 USD in 2018 and a record low of 1339.40 USD in 1991. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Guinea GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea scored 46.13 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Guinea averaged 20.53 Points from 2013 until 2019, reaching an all time high of 46.13 Points in 2019 and a record low of 2.79 Points in 2015. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Guinea Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Guinea increased to 2.44 in 2019 from 2.39 in 2016. Gold Reserves in Guinea averaged 2.42 from 2016 until 2019, reaching an all time high of 2.44 in 2019 and a record low of 2.39 in 2016.

Guinea is ranked 156 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Guinea deteriorated to 156 in 2019 from 152 in 2018. Ease of Doing Business in Guinea averaged 167.67 from 2008 until 2019, reaching an all time high of 179 in 2010 and a record low of 152 in 2018. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Guinea.

Terrorism Index in Guinea increased to 0.97 in 2018 from 0.32 in 2017. Terrorism Index in Guinea averaged 1.01 from 2002 until 2018, reaching an all time high of 4.22 in 2002 and a record low of 0 in 2005. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

The Gross Domestic Product per capita in Guinea was last recorded at 943.40 US dollars in 2018. The GDP per Capita in Guinea is equivalent to 7 percent of the world's average. GDP per capita in Guinea averaged 642.37 USD from 1986 until 2018, reaching an all time high of 943.40 USD in 2018 and a record low of 513.10 USD in 1986. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Guinea GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Guinea recorded a Current Account deficit of 4.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Guinea averaged -8.81 percent from 1986 until 2018, reaching an all time high of 5.51 percent in 2017 and a record low of -33.90 percent in 2012. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea scored 29 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Guinea averaged 23.23 Points from 2006 until 2019, reaching an all time high of 29 Points in 2019 and a record low of 16 Points in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Guinea Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Guinea increased 4.90 percent in the first quarter of 2019 over the same quarter in the previous year. Industrial Production in Guinea averaged 9.04 percent from 2007 until 2019, reaching an all time high of 71.89 percent in the third quarter of 2010 and a record low of -34.40 percent in the first quarter of 2009. In Guinea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Guinea Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Guinea recorded a trade deficit of 2.60 USD Million in the third quarter of 2019. Balance of Trade in Guinea averaged -43.25 USD Million from 1986 until 2019, reaching an all time high of 927.63 USD Million in the fourth quarter of 2017 and a record low of -1935.05 USD Million in the fourth quarter of 2016. Guinea has the largest bauxite reserve in the world as well as significant iron, gold and diamond reserves and is a leading exporter of such minerals. Guinea is also a net exporter of coffee. However, Guinea is highly dependent on imports for fuels, capital equipment, consumer goods and foodstuffs. Main trading partners are China and the United States. This page provides - Guinea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Guinea was worth 11.40 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Guinea represents 0.01 percent of the world economy. GDP in Guinea averaged 5.12 USD Billion from 1986 until 2019, reaching an all time high of 11.40 USD Billion in 2019 and a record low of 1.92 USD Billion in 1986. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Guinea GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Guinea expanded 6.30 percent in 2019 from the previous year. GDP Annual Growth Rate in Guinea averaged 3.80 percent from 1987 until 2019, reaching an all time high of 8.20 percent in 2017 and a record low of -0.30 percent in 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.

Cost of food in Guinea increased 12 percent in February of 2020 over the same month in the previous year. Food Inflation in Guinea averaged 11.69 percent from 2014 until 2020, reaching an all time high of 14.40 percent in January of 2018 and a record low of 8.77 percent in March of 2015. This page provides - Guinea Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2018. Government Budget in Guinea averaged -3.71 percent of GDP from 1998 until 2018, reaching an all time high of 0.50 percent of GDP in 2007 and a record low of -13.90 percent of GDP in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Guinea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea recorded a government debt equivalent to 18 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Guinea averaged 56.14 percent from 2003 until 2018, reaching an all time high of 113 percent in 2006 and a record low of 16.40 percent in 2017. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Guinea increased to 1133 points in March from 1120.60 points in February of 2020. Consumer Price Index Cpi in Guinea averaged 534.13 points from 2003 until 2020, reaching an all time high of 1133 points in March of 2020 and a record low of 104.40 points in January of 2003. This page provides - Guinea Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Guinea thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Guinea as reported by major credit rating agencies.