Deposit interest rate (%) in Guinea
Guinea: Deposit interest rate (%) was 3.3% in 2021. ◆ Volatile
Deposit interest rate in Guinea, 1987–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Guinea is 3.3%, measured in 2021.
The figure is down 0.1% on the previous year and down 25.1% over ten years.
Over the whole period, deposit interest rate in Guinea peaked at 23.0% in 1992 and was at its lowest, 3.1%, in 2018.
That places Guinea 81st out of 153 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 15.0% | — |
| 1988 | 16.8% | +12.2% |
| 1989 | 19.5% | +15.8% |
| 1990 | 21.0% | +7.7% |
| 1991 | 22.0% | +4.8% |
| 1992 | 23.0% | +4.5% |
| 1993 | 19.8% | -14.1% |
| 1994 | 18.0% | -8.9% |
| 1995 | 17.5% | -2.8% |
| 1996 | 17.0% | -2.9% |
| 1997 | 15.7% | -7.8% |
| 1998 | 6.4% | -59.3% |
| 1999 | 5.7% | -11.1% |
| 2000 | 7.5% | +32.4% |
| 2001 | 8.0% | +7.0% |
| 2002 | 7.4% | -7.8% |
| 2003 | 6.5% | -12.2% |
| 2004 | 8.8% | +36.2% |
| 2005 | 14.3% | +62.1% |
| 2006 | 17.5% | +22.0% |
| 2007 | 17.5% | +0.0% |
| 2008 | 17.5% | +0.0% |
| 2009 | 17.5% | +0.0% |
| 2010 | 3.1% | -82.2% |
| 2011 | 4.4% | +42.7% |
| 2012 | 4.4% | -0.7% |
| 2013 | 3.9% | -10.5% |
| 2014 | 3.7% | -7.0% |
| 2015 | 3.9% | +6.6% |
| 2016 | 3.8% | -1.8% |
| 2017 | 3.8% | -0.6% |
| 2018 | 3.1% | -18.7% |
| 2019 | 3.3% | +5.9% |
| 2020 | 3.3% | +1.2% |
| 2021 | 3.3% | -0.1% |
Guinea compared with similar countries
- Guinea's 3.3% is below the median for lower middle income countries, which is 5.2%, 63% of the median. (42 countries reporting)
- Guinea's 3.3% is below the median for Sub-Saharan Africa, which is 5.7%, 58% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate (%) in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | -82.2% | 17.5% | 3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.1% | 15.0% | 19.5% | 3 |
| 1990s | 16.6% | 5.7% | 23.0% | 10 |
| 2000s | 12.3% | 6.5% | 17.5% | 10 |
| 2010s | 3.8% | 3.1% | 4.4% | 10 |
| 2020s | 3.3% | 3.3% | 3.3% | 2 |
Countries ranked near Guinea
More financial sector data for Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.44 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.78 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.44 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Guinea?
- Deposit interest rate in Guinea was 3.3% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Guinea?
- The highest recorded value was 23.0% in 1992.
- What is the lowest deposit interest rate recorded in Guinea?
- The lowest recorded value was 3.1% in 2018.
- How does Guinea rank for deposit interest rate?
- Guinea ranks 81st out of 153 countries with data for 2021.
- Is deposit interest rate rising or falling in Guinea?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.