Source
Central bank

Central Bank of the Republic of Guinea

International Reserves

USD 1.2 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 11.7 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 30.7 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
6.5% 4.1% -1.5% 4.2% 5.6% 5.9% 3.9%
2014 2015 2016 2017* 2018*    
3.7% 3.8% 10.5% 9.9% 5.8%    

*Estimate

GDP per capita - current prices

USD 883.0 (2018, estimate)

GDP per capita - PPP

Intl$ 2,309.6 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.02% 0.02% 0.02% 0.01% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 17.8% 
  • industry: 29.8% 
  • services: 41.7%

(2018 estimate)

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

N/A

 

Inflation
2015 2016 2017 2018* 2019*
8.2% 8.2% 8.9% 9.8% 8.9%

*Estimate

Unemployment rate
2015 2016 2017 2018 2019
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)
2015 2016 2017 2018* 2019*
41.9% 42.5% 40.6% 38.2% 45.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-6.9% -0.1% -2.1% -1.1% -2.6%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -2.2 billion (2018 estimate)

Current account balance by percentage of GDP

-18.4 % (2018 estimate)

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

37.1% (2018)

Shares in world total merchandising export

0.02% (2018)

Shares in world total commercial services export

0.002% (2018)

Total exports

USD 4.7 billion (2018 estimate)

Export commodities

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

Total imports

USD 5.4 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

China 35.8%, Ghana 20.1%, UAE 11.6%, India 4.3% (2017)

Imports - major partners

Netherlands 17.2%, China 13.2%, India 11.8%, Belgium 10%, France 6.9%, UAE 4.5% (2017)

FDI inflows
2016 2017 2018
USD 1,618 million USD 577 million USD 483 million
FDI outflows
2016 2017 2018
USD -4.4 million USD 0.9 million USD 0.0 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
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:

156 out of 190 countries

​Subcategories:
Starting a Business: 122 out of 190 countries
Dealing with Construction Permits: 116 out of 190 countries
Getting Electricity: 150 out of 190 countries
Registering Property: 122 out of 190 countries
Getting Credit: 152 out of 190 countries
Protecting Minority Investors: 162 out of 190 countries
Paying Taxes: 183 out of 190 countries
Trading across Borders: 167 out of 190 countries
Enforcing Contracts: 118 out of 190 countries
Resolving Insolvency: 118 out of 190 countries

Global competitiveness ranking

122 out of 141 countries

Index of Economic Freedom

Ranking: 120 / Score: 55.7 (Mostly unfree)

(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), Pular, Maninka, Susu, other native languages

Religions

Muslim 89.1%, Christian 6.8%, animist 1.6%, other .1%, none 2.4% (2014 est.)

Total population
1990 2000 2010 2015* 2020*
6.02 million 8.75 million 10.88 million 12.35 million 13.97 million

*Estimate   

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
10.5% 23.6% 30.9% 36.1%
Population median age

19 years 

Population growth rate

2.75% (2018 estimate)

Life expectancy

62.1 years (2018 estimate)

Literacy

Total population: 30.4% 
Male: 38.1% 
Female: 22.8%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

70.3% (last available estimate, 2012)

Inequality of wealth distribution (Gini index)

33.7 (last available estimate, 2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Partly Free
Political Rights: 5
Civil Liberties: 4 (2019)                 

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

Source
Total telephone subscribers as % of population

Fixed: 0% Mobile: 96.1% (2018) 
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

18% (2017)

Mercer Cost of living index

Conakry: 88th (2019)

CO2 emissions

0.22 metric tons per capita (2014)

World's Best Developed & Emerging Markets Banks

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World's Best Banks

2013

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