Guinea


Guinea Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Guinea; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankN/A
International ReservesN/A
Gross Domestic Product - GDPUS$ 4.659 billion (2009 estimate)
GDP (Purchasing Power Parity)11.357 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
2.9%3.8%4.2%1.2%2.3%3%2.5%1.8%
2008200920102011*
4.9%-0.3%1.9%4%

*Estimate

GDP per capita - current pricesUS$ 440 (2009 estimate)
GDP per capita - PPP$1,073 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.02%0.02%0.02%0.02%0.01%

**Forecast

GDP - composition by sector
  • agriculture: 24.2% 
  • industry: 38.5% 
  • services: 37.3% (2009 estimate)

    • (Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
18.4%(2008)4.7%15.5%19.6%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
92.4%89%77%88.7%88.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
0.3%-1.3%-7.2%-5.3%-1.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in GuineaN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.5 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-11.4% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

33.2% (2008)

(Data released on December 2010)

Shares in world total merchandising export0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$1.468 billion f.o.b. (2010 estimate)
Export commoditiesbauxite, alumina, gold, diamonds, coffee, fish, agricultural products
Total importsUS$1.392 billion f.o.b. (2008 estimate)
Import commoditiespetroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs
Exports - major partnersRussia 10.8%, Ukraine 9.6%, Spain 8.8%, US 7.5%, Germany 7.4%, South Korea 7.2%, France 7%, Ireland 5.5%, China 5% (2007)
Imports - major partnersChina 10%, France 7%, Netherlands 6.3% (2007)
FDI inflows
200820092010
US$382 millionUS$141 million(2009)US$303 million(2009)
FDI outflows
200820092010
US$126 millionN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 179 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 181 out of 183 countries(2009)

Registering property: 166 out of 183 countries

Paying Taxes: 173 out of 183 countries

Getting credit: 168 out of 183 countries

Protecting investors: 173 out of 183 countries

Trading across border: 129 out of 183 countries

Enforcing Contracts: 130 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 137 Score: 51.7 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC 0
Total area 245,857 km2 (2006)
CapitalConakry (2009)
CurrencyGuinean francs (GNF) (2009)
Government typerepublic (2009)
LanguagesFrench (official); note - each ethnic group has its own language
ReligionsMuslim 85%, Christian 8%, indigenous beliefs 7%
Total population
1980199020002010*2015**
N/A6.15 million8.38 million10.33 million11.69 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
10.5%23.6%31%34.9%
Population median age18.0 years (2006)
Population growth rate2.4% (2009)
Life expectancy56 years (2007)
Adult literacy30% (2000/2007)
% of population living on less than $2 a day69.59% (2011)
Inequality of wealth distribution (Gini index)

39.4 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:5 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

40.25% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population0.96% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Conakry: 155th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.1417 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2011:
  • COUNTRY WINNERS International Commercial Bank Guinea (National, 2011)
2010:
  • COUNTRY WINNERS International Commercial Bank (National, 2010)
2009:
  • COUNTRY WINNERS International Commercial Bank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE