Countries With Highest GDP Growth 2017

Developing Asian and African countries still lead with fastest GDP growth in the world. Panama takes the first position among countries from the rest of the world, despite its economic slowdown. 

 
 
Source
Central bank

Central Bank of the Republic of Guinea

International Reserves

USD 0.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 6.9 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 17.2 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012*
2.5% 1.8% 4.9% -0.3% 1.9% 3.8% 3.7%
2013* 2014* 2015* 2016* 2017*    
2.3% 1.1% 0.1% 3.9% 4.4%    

*Estimate

GDP per capita - current prices

USD 532.3 (2017, estimate)

GDP per capita - PPP

Intl$ 1,322.6 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.02% 0.02% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 19.7% 
  • industry: 37.7% 
  • services: 42.6%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
11.9% 9.7% 8.2% 8.2% 8.1%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
45.7% 45.4% 53% 52.6% 50.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-5.2% -4.1% -8.8% -1.9% -0.9%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.8 billion (2017 estimate)

Current account balance by percentage of GDP

-11.3% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

26.8% (2015)

Shares in world total merchandising export

0.01% (2015)

Shares in world total commercial services export

0.002% (2013)

Total exports

USD 1.7 billion (2016 estimate)

Export commodities

Bauxite, gold, diamonds, coffee, fish, agricultural products

Total imports

USD 2.2 billion (2016 estimate)

 
 
Source
Import commodities

Petroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs

Exports - major partners

India 22.5%, Spain 8.2%, Ireland 7.3%, Germany 6.2%, Belgium 5.5%, Ukraine 5.3%, France 4.1% (2015)

Imports - major partners

China 20.4%, Netherlands 5.4%, India 4.4% (2015)

FDI inflows
2013 2014 2015
USD 135 million USD 68 million USD 85 million
FDI outflows
2013 2014 2015
USD -0.1 million USD 0.9 million USD 0.9 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 163 out of 190 countries (2016)

Subcategories:

Starting a business: 133 out of 190 countries

Enforcing Contracts: 115 out of 190 countries

Registering Property: 140 out of 190 countries

Getting credit: 139 out of 190 countries

Protecting investors: 145 out of 190 countries

Trading across border: 162 out of 190 countries

Paying Taxes: 184 out of 190 countries

Dealing with Construction Permits: 164 out of 190 countries

Getting Electricity: 160 out of 190 countries

Resolving Insolvency: 113 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 136 / Score: 53.33 (Mostly unfree) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC 0

Total area

245,857 sq km

Capital

Conakry

Currency

Guinean francs (GNF)

Government type

Presidential republic

Languages

French (official)

Note: each ethnic group has its own language

Religions

Muslim 86.7%, Christian 8.9%, animist/other/none 4.4% (2012 est.)

Total population
1990 2000 2010 2016* 2021*
6.02 million 8.746 million 10.876 million 12.654 million 14.317 million

*Estimate   

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
11% 24% 31% 37%
Population median age

18.8 years (2016 estimate)

Population growth rate

2.62% (2016 estimate)

Life expectancy

60.6 years (2016 estimate)

Literacy

Total population: 30.4%
Male: 38.1%
Female: 22.8% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

27.1% (2012)

Inequality of wealth distribution (Gini index)

33.7 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 5
Civil Liberties: 5 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 0.00%   Mobile 87.17% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

4.7% (2015)

Mercer Cost of living index

Conakry: 36th (2016)

CO2 emissions

0.2 (2013)

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