Guinea - Economic Indicators

Economic Overview

Guinea is a poor country of approximately 12.9 million people in 2016 that possesses the world's largest reserves of bauxite and largest untapped high-grade iron ore reserves, as well as gold and diamonds. In addition, Guinea has fertile soil, ample rainfall, and is the source of several West African rivers, including the Senegal, Niger, and Gambia. Guinea's hydro potential is enormous and the country could be a major exporter of electricity. The country also has tremendous agriculture potential. Gold, bauxite, and diamonds are Guinea’s main exports. International investors...

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GDP Reference Last Previous Units Frequency
Real Fixed Investment (gross fixed capital formation) 2016 4,022,200,000,000 3,902,200,000,000 NCU Annual
Real Investment 2016 3,866,700,000,000 3,837,600,000,000 NCU Annual
Private Consumption 2016 74,873,279,164,823 62,434,462,027,836 GNF Annual
Nominal Gross Domestic Product 2016 75,943,316,780,787 65,626,600,000,000 GNF Annual
Investment 2016 19,166,870,420,953 4,764,886,467,936 GNF Annual
Real Gross Domestic Product 2006 104.8 100 Index 2005=100 Annual
Government Consumption 2006 821,160 670,730 Mil. GNE Annual
Nominal Fixed Investment (gross fixed capital formation) 2005 1,986,023,630,000 1,610,831,030,000 NCU Annual
Price Reference Last Previous Units Frequency
Consumer Price Index (CPI) 2016 200.73 185.64 Index 2010=100 Annual
Labor Reference Last Previous Units Frequency
Agriculture Employment 2017 3,217,133 3,103,929 # Annual
Labor Force Employment 2017 4,715,821 4,581,649 # Annual
Unemployment Rate 2017 4.49 4.51 % of total labor force Annual
Labor Force 2016 4,581,628 4,463,737 # Annual
Total Employment 2011 4,080,047 3,961,021 ages 15+ Annual
Wage & Salaries 1999 192,200,000,000 181,203,000,000 NCU Annual
Trade Reference Last Previous Units Frequency
Real Exports of Goods and Services 2016 1,788,000,000,000 1,775,400,000,000 NCU Annual
Real Imports of Goods and Services 2016 4,688,000,000,000 4,546,000,000,000 NCU Annual
Exports of Goods and Services 2016 22,141,750,920,730 12,251,862,913,071 GNF Annual
Imports of Goods and Services 2016 46,072,235,515,720 20,178,818,778,844 GNF Annual
Balance of Goods 2016 Q4 -1,935,060,000 32,965,316 USD, NSA Quarterly
Current Account Balance 2016 Q4 -2,311,450,000 -120,577,679 USD, NSA Quarterly
Exports of Goods 2016 Q4 615,310,000 419,216,014 USD, NSA Quarterly
Imports of Goods 2016 Q4 2,550,370,000 386,250,697 USD, NSA Quarterly
Government Reference Last Previous Units Frequency
Government Budget Balance 2011 -393,659,000,000 -3,766,610,000,000 current LCU Annual
Government Expenditures 2005 10,738,500,296,100 8,254,816,981,500 NCU Annual
Government Revenues 1999 574,900,000,000 497,093,000,000 NCU Annual
Markets Reference Last Previous Units Frequency
Lending Rate Jun 2012 22 22 % - End of period Monthly
Money Market Rate 2000 12.3 15.01 % Annual
Business Reference Last Previous Units Frequency
Industrial Production 2010 Q2 125.27 116.97 2006=100, NSA Quarterly
Demographics Reference Last Previous Units Frequency
Population 2017 12,717,176 12,395,924 # Annual
Birth Rate 2016 35.91 36.36 # per Ths. pop. Annual
Death Rate 2016 9.26 9.58 # per Ths. pop. Annual
Net Migration 2012 -250,000 # Annual

Factbook

Background

Background:
Guinea is at a turning point after decades of authoritarian rule since gaining its independence from France in 1958. Sekou TOURE ruled the country as president from independence to his death in 1984. Lansana CONTE came to power in 1984 when the military seized the government after TOURE's death. Gen. CONTE organized and won presidential elections in 1993, 1998, and 2003, though all the polls were rigged. Upon CONTE's death in December 2008, Capt. Moussa Dadis CAMARA led a military coup, seizing power and suspending the constitution. His unwillingness to yield to domestic and international pressure to step down led to heightened political tensions that peaked in September 2009 when presidential guards opened fire on an opposition rally killing more than 150 people. In early December 2009, CAMARA was wounded in an assassination attempt and exiled to Burkina Faso. A transitional government led by Gen. Sekouba KONATE paved the way for Guinea's transition to a fledgling democracy. The country held its first free and competitive democratic presidential and legislative elections in 2010 and 2013 respectively, and in October 2015 held a second consecutive presidential election. Alpha CONDE was reelected to a second five-year term as president in 2015, and the National Assembly was seated in January 2014. CONDE's first cabinet is the first all-civilian government in Guinea. The country held a successful political dialogue in August and September 2016 that brought together the government and opposition to address long-standing tensions.

Geography

Location:
Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Sierra Leone
Geographic coordinates:
11 00 N, 10 00 W
Map references:
Africa
Area:
total: 245,857 sq km
land: 245,717 sq km
water: 140 sq km
country comparison to the world: 80
Area - comparative:
slightly smaller than Oregon
Land boundaries:
total: 4,046 km
border countries (6): Cote d'Ivoire 816 km, Guinea-Bissau 421 km, Liberia 590 km, Mali 1,062 km, Senegal 363 km, Sierra Leone 794 km
Coastline:
320 km
Maritime claims:
territorial sea: 12 nm
exclusive economic zone: 200 nm
Climate:
generally hot and humid; monsoonal-type rainy season (June to November) with southwesterly winds; dry season (December to May) with northeasterly harmattan winds
Terrain:
generally flat coastal plain, hilly to mountainous interior
Elevation:
mean elevation: 472 m
elevation extremes: lowest point: Atlantic Ocean 0 m
highest point: Mont Nimba 1,752 m
Natural resources:
bauxite, iron ore, diamonds, gold, uranium, hydropower, fish, salt
Land use:
agricultural land: 58.1%
arable land 11.8%; permanent crops 2.8%; permanent pasture 43.5%
forest: 26.5%
other: 15.4% (2011 est.)
Irrigated land:
950 sq km (2012)
Population - distribution:
areas of highest density are in the west and south; interior is sparsely populated
Natural hazards:
hot, dry, dusty harmattan haze may reduce visibility during dry season
Environment - current issues:
deforestation; inadequate potable water; desertification; soil contamination and erosion; overfishing, overpopulation in forest region; poor mining practices lead to environmental damage; water pollution; improper waste disposal
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: none of the selected agreements
Geography - note:
the Niger and its important tributary the Milo River have their sources in the Guinean highlands

People & Society

Population:
12,413,867 (July 2017 est.)
country comparison to the world: 74
Nationality:
noun: Guinean(s)
adjective: Guinean
Ethnic groups:
Fulani (Peul) 32.1%, Malinke 29.8%, Susu 19.8%, Guerze 6.2%, Kissi 4.7%, Toma 2.8%, other/no answer 4.6% (2012 est.)
Languages:
French (official)
note: each ethnic group has its own language
Religions:
Muslim 86.2%, Christian 9.7%, animist/other/none 4.1% (2012 est.)
Demographic profile:
Guinea’s strong population growth is a result of declining mortality rates and sustained elevated fertility. The population growth rate was somewhat tempered in the 2000s because of a period of net outmigration. Although life expectancy and mortality rates have improved over the last two decades, the nearly universal practice of female genital cutting continues to contribute to high infant and maternal mortality rates. Guinea’s total fertility remains high at about 5 children per woman because of the ongoing preference for larger families, low contraceptive usage and availability, a lack of educational attainment and empowerment among women, and poverty. A lack of literacy and vocational training programs limit job prospects for youths, but even those with university degrees often have no option but to work in the informal sector. About 60% of the country’s large youth population is unemployed.
Tensions and refugees have spilled over Guinea’s borders with Sierra Leone, Liberia, and Cote d’Ivoire. During the 1990s Guinea harbored as many as half a million refugees from Sierra Leone and Liberia, more refugees than any other African country for much of that decade. About half sought refuge in the volatile “Parrot’s Beak” region of southwest Guinea, a wedge of land jutting into Sierra Leone near the Liberian border. Many were relocated within Guinea in the early 2000s because the area suffered repeated cross-border attacks from various government and rebel forces, as well as anti-refugee violence.
Age structure:
0-14 years: 41.52% (male 2,603,506/female 2,550,714)
15-24 years: 19.73% (male 1,236,092/female 1,212,936)
25-54 years: 30.59% (male 1,905,249/female 1,892,638)
55-64 years: 4.48% (male 266,848/female 289,697)
65 years and over: 3.67% (male 201,598/female 254,589) (2017 est.)
population pyramid:
Dependency ratios:
total dependency ratio: 84.2
youth dependency ratio: 78.6
elderly dependency ratio: 5.6
potential support ratio: 17.8 (2015 est.)
Median age:
total: 18.9 years
male: 18.7 years
female: 19.1 years (2017 est.)
country comparison to the world: 204
Population growth rate:
2.61% (2017 est.)
country comparison to the world: 15
Birth rate:
35.1 births/1,000 population (2017 est.)
country comparison to the world: 20
Death rate:
9 deaths/1,000 population (2017 est.)
country comparison to the world: 66
Net migration rate:
0 migrant(s)/1,000 population (2017 est.)
country comparison to the world: 83
Population distribution:
areas of highest density are in the west and south; interior is sparsely populated
Urbanization:
urban population: 38.2% of total population (2017)
rate of urbanization: 3.73% annual rate of change (2015-20 est.)
Major urban areas - population:
CONAKRY (capital) 1.936 million (2015)
Sex ratio:
at birth: 1.03 male(s)/female
0-14 years: 1.02 male(s)/female
15-24 years: 1.02 male(s)/female
25-54 years: 1.01 male(s)/female
55-64 years: 0.92 male(s)/female
65 years and over: 0.79 male(s)/female
total population: 1 male(s)/female (2017 est.)
Mother's mean age at first birth:
18.9 years
note: median age at first birth among women 25-29 (2012 est.)
Maternal mortality ratio:
679 deaths/100,000 live births (2015 est.)
country comparison to the world: 11
Infant mortality rate:
total: 50 deaths/1,000 live births
male: 52.6 deaths/1,000 live births
female: 47.3 deaths/1,000 live births (2017 est.)
country comparison to the world: 29
Life expectancy at birth:
total population: 61 years
male: 59.5 years
female: 62.6 years (2017 est.)
country comparison to the world: 201
Total fertility rate:
4.77 children born/woman (2017 est.)
country comparison to the world: 19
Contraceptive prevalence rate:
5.6% (2012)
Health expenditures:
5.6% of GDP (2014)
country comparison to the world: 118
Physicians density:
0.08 physicians/1,000 population (2016)
Hospital bed density:
0.3 beds/1,000 population (2011)
Drinking water source:
improved:
urban: 92.7% of population
rural: 67.4% of population
total: 76.8% of population
unimproved:
urban: 7.3% of population
rural: 32.6% of population
total: 23.2% of population (2015 est.)
Sanitation facility access:
improved:
urban: 34.1% of population
rural: 11.8% of population
total: 20.1% of population
unimproved:
urban: 65.9% of population
rural: 88.2% of population
total: 79.9% of population (2015 est.)
HIV/AIDS - adult prevalence rate:
1.5% (2016 est.)
country comparison to the world: 34
HIV/AIDS - people living with HIV/AIDS:
120,000 (2016 est.)
country comparison to the world: 36
HIV/AIDS - deaths:
5,800 (2016 est.)
country comparison to the world: 28
Major infectious diseases:
degree of risk: very high
food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever
vectorborne diseases: malaria, dengue fever, and yellow fever
water contact disease: schistosomiasis
aerosolized dust or soil contact disease: Lassa fever
animal contact disease: rabies (2016)
Obesity - adult prevalence rate:
7.7% (2016)
country comparison to the world: 158
Children under the age of 5 years underweight:
18.7% (2012)
country comparison to the world: 33
Education expenditures:
2.4% of GDP (2014)
country comparison to the world: 156
Literacy:
definition: age 15 and over can read and write
total population: 30.4%
male: 38.1%
female: 22.8% (2015 est.)
School life expectancy (primary to tertiary education):
total: 9 years
male: 10 years
female: 8 years (2014)
Unemployment, youth ages 15-24:
total: 1%
male: 1.5%
female: 0.6% (2012 est.)
country comparison to the world: 158

Government

Country name:
conventional long form: Republic of Guinea
conventional short form: Guinea
local long form: Republique de Guinee
local short form: Guinee
former: French Guinea
etymology: the country is named after the Guinea region of West Africa that lies along the Gulf of Guinea and stretches north to the Sahel
Government type:
presidential republic
Capital:
name: Conakry
geographic coordinates: 9 30 N, 13 42 W
time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
Administrative divisions:
7 regions administrative and 1 gouvenorat*; Boke, Conakry*, Faranah, Kankan, Kindia, Labe, Mamou, N'Zerekore
Independence:
2 October 1958 (from France)
National holiday:
Independence Day, 2 October (1958)
Constitution:
history: previous 1958, 1990; latest promulgated 19 April 2010, approved 7 May 2010
amendments: proposed by the National Assembly or by the president of the republic; consideration of proposals requires approval by simple majority vote by the Assembly; passage requires approval in referendum; the president can opt to submit amendments directly to the Assembly, in which case approval requires at least two-thirds majority vote (2017)
Legal system:
civil law system based on the French model
International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction
Citizenship:
citizenship by birth: no
citizenship by descent only: at least one parent must be a citizen of Guinea
dual citizenship recognized: no
residency requirement for naturalization: na
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Alpha CONDE (since 21 December 2010)
head of government: Prime Minister Ibrahima FOFANA (since 22 May 2018)
cabinet: Council of Ministers appointed by the president
elections/appointments: president directly elected by absolute majority popular vote in 2 rounds if needed for a 5-year term (eligible for a second term); election last held on 11 October 2015 (next scheduled for 2020); prime minister appointed by the president
election results: Alpha CONDE reelected president; percent of vote - Alpha CONDE (RPG) 57.8%, Cellou Dalein DIALLO (UFDG) 31.4%, other 10.8%
Legislative branch:
description: unicameral People's National Assembly or Assemblee Nationale Populaire (114 seats; 76 members directly elected in a single nationwide constituency by proportional representation vote and 38 directly elected in single-seat constituencies by simple majority vote; members serve 5-year terms)
elections: last held on 28 September 2013 (next to be held in 2018)
election results: percent of vote by party - NA; seats by party - RPG 53, UFDG 37, UFR 10, PEDN 2, UPG 2, other parties 10
Judicial branch:
highest court(s): Supreme Court or Cour Supreme (organized into Administrative Chamber and Civil, Penal, and Social Chamber; court consists of the first president, 2 chamber presidents, at least 4 councillors, the solicitor general, and NA deputies); Constitutional Court (consists of 9 members)
judge selection and term of office: Supreme Court first president appointed by the national president after consultation with the National Assembly; other members appointed by presidential decree; members serve until age 65; Constitutional Court member appointments - 2 by the National Assembly and the president of the republic, 3 experienced judges designated by their peers, 1 experienced lawyer, 1 university professor with expertise in public law designated by peers, and 2 experienced representatives of the Independent National Institution of Human Rights; members serve single 9-year terms
subordinate courts: includes Court of Appeal or Cour d'Appel; courts of first instance or Tribunal de Premiere Instance; High Court of Justice or Cour d'Assises; labor court; military tribunal; justices of the peace; specialized courts
Political parties and leaders:
Bloc Liberal or BL [Faya MILLIMONO]
National Party for Hope and Development or PEDN [Lansana KOUYATE]
Rally for the Guinean People or RPG [Alpha CONDE]
Union for the Progress of Guinea or UPG
Union of Democratic Forces of Guinea or UFDG [Cellou Dalein DIALLO]
Union of Republican Forces or UFR [Sidya TOURE]
Political pressure groups and leaders:
National Confederation of Guinean Workers-Labor Union of Guinean Workers or CNTG-USTG Alliance
Syndicate of Guinean Teachers and Researchers or SLECG
International organization participation:
ACP, AfDB, AU, ECOWAS, EITI (compliant country), FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC (NGOs), MIGA, MINURSO, MINUSMA, MONUSCO, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNISFA, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Kerfalla YANSANE (since 24 January 2018)
chancery: 2112 Leroy Place NW, Washington, DC 20008
telephone: [1] (202) 986-4300
FAX: [1] (202) 986-3800
Diplomatic representation from the US:
chief of mission: Ambassador Dennis B. HANKINS (since December 2015)
embassy: Koloma, Conakry, across from the Radio Television de Guinee
mailing address: P.O. Box 603, Transversale No. 2, Centre Administratif de Koloma, Commune de Ratoma, Conakry
telephone: [224] 655-10-40-00
FAX: [224] 655-10-42-97
Flag description:
three equal vertical bands of red (hoist side), yellow, and green; red represents the people's sacrifice for liberation and work; yellow stands for the sun, for the riches of the earth, and for justice; green symbolizes the country's vegetation and unity
note: uses the popular Pan-African colors of Ethiopia; the colors from left to right are the reverse of those on the flags of neighboring Mali and Senegal
National symbol(s):
elephant; national colors: red, yellow, green
National anthem:
name: "Liberte" (Liberty)
lyrics/music: unknown/Fodeba KEITA
note: adopted 1958

Economy

Economy - overview:
Guinea is a poor country of approximately 12.9 million people in 2016 that possesses the world's largest reserves of bauxite and largest untapped high-grade iron ore reserves, as well as gold and diamonds. In addition, Guinea has fertile soil, ample rainfall, and is the source of several West African rivers, including the Senegal, Niger, and Gambia. Guinea's hydro potential is enormous and the country could be a major exporter of electricity. The country also has tremendous agriculture potential. Gold, bauxite, and diamonds are Guinea’s main exports. International investors have shown interest in Guinea's unexplored mineral reserves, which have the potential to propel Guinea's future growth.
Following the death of long-term President Lansana CONTE in 2008 and the coup that followed, international donors, including the G-8, the IMF, and the World Bank, significantly curtailed their development programs in Guinea. However, the IMF approved a 3-year Extended Credit Facility arrangement in 2012, following the December 2010 presidential elections. In September 2012, Guinea achieved Heavily Indebted Poor Countries completion point status. Future access to international assistance and investment will depend on the government’s ability to be transparent, combat corruption, reform its banking system, improve its business environment, and build infrastructure. In April 2013, the government amended its mining code to reduce taxes and royalties. In 2014, Guinea also complied with requirements of the Extractive Industries Transparency Initiative by publishing its mining contracts and was found to be compliant. Guinea completed its program with the IMF in October 2016 even though some targeted reforms have been delayed. Currently Guinea is negotiating a new IMF program which will be based on Guinea’s new five-year economic plan, focusing on the development of higher value-added products, including from the agro-business sector and development of the rural economy.
The biggest threats to Guinea’s economy are political instability, a reintroduction of the Ebola virus epidemic, and low international commodity prices. Economic recovery will be a long process while the government adjusts to lower inflows of international donor aid following the surge of Ebola-related emergency support. Ebola stalled promising economic growth in the 2014-15 period and impeded several projects, such as offshore oil exploration and the Simandou iron ore project. The economy, however, grew by 6.6% in 2016 and 6.7% in 2017, mainly due to growth from bauxite mining and thermal energy generation as well as the resiliency of the agricultural sector. The 240-megawatt Kaleta Dam, inaugurated in September 2015, has expanded access to electricity for residents of Conakry. An enduring legacy of corruption, inefficiency, and lack of government transparency, combined with fears of Ebola virus, continue to undermine Guinea's economic viability.
Guinea’s iron ore industry took a hit in 2016 when investors in the Simandou iron ore project announced plans to divest from the project. In 2017, agriculture output and public investment boosted economic growth, while the mining sector continued to play a prominent role in economic performance.
Successive governments have failed to address the country's crumbling infrastructure. Guinea suffers from chronic electricity shortages; poor roads, rail lines and bridges; and a lack of access to clean water - all of which continue to plague economic development. The present government, led by President Alpha CONDE, is working to create an environment to attract foreign investment and hopes to have greater participation from western countries and firms in Guinea's economic development.
GDP (purchasing power parity):
$26.45 billion (2017 est.)
$24.8 billion (2016 est.)
$23.26 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 140
GDP (official exchange rate):
$9.183 billion (2017 est.)
GDP - real growth rate:
6.7% (2017 est.)
6.6% (2016 est.)
3.5% (2015 est.)
country comparison to the world: 14
GDP - per capita (PPP):
$2,000 (2017 est.)
$2,000 (2016 est.)
$1,900 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 207
Gross national saving:
-1.8% of GDP (2017 est.)
-6.7% of GDP (2016 est.)
-8.1% of GDP (2015 est.)
country comparison to the world: 178
GDP - composition, by end use:
household consumption: 106.1%
government consumption: 7.6%
investment in fixed capital: 13.6%
investment in inventories: 0%
exports of goods and services: 33.3%
imports of goods and services: -60.6% (2017 est.)
GDP - composition, by sector of origin:
agriculture: 19.5%
industry: 38.4%
services: 42.1% (2017 est.)
Agriculture - products:
rice, coffee, pineapples, mangoes, palm kernels, cocoa, cassava (manioc, tapioca), bananas, potatoes, sweet potatoes; cattle, sheep, goats; timber
Industries:
bauxite, gold, diamonds, iron ore; light manufacturing, agricultural processing
Industrial production growth rate:
8% (2017 est.)
country comparison to the world: 18
Labor force:
5.558 million (2017 est.)
country comparison to the world: 75
Labor force - by occupation:
agriculture: 76%
industry and services: 24% (2006 est.)
Unemployment rate:
2.8% (2017 est.)
2.4% (2016 est.)
country comparison to the world: 30
Population below poverty line:
47% (2006 est.)
Household income or consumption by percentage share:
lowest 10%: 2.7%
highest 10%: 30.3% (2007 est.)
Distribution of family income - Gini index:
39.4 (2007 est.)
40.3 (1994 est.)
country comparison to the world: 72
Budget:
revenues: $1.559 billion
expenditures: $1.868 billion (2017 est.)
Taxes and other revenues:
17% of GDP (2017 est.)
country comparison to the world: 177
Budget surplus (+) or deficit (-):
-3.4% of GDP (2017 est.)
country comparison to the world: 130
Public debt:
56% of GDP (2016 est.)
54.7% of GDP (2015 est.)
country comparison to the world: 86
Fiscal year:
calendar year
Inflation rate (consumer prices):
8.5% (2017 est.)
8.2% (2016 est.)
country comparison to the world: 201
Central bank discount rate:
22.25% (31 December 2005 est.)
country comparison to the world: 4
Commercial bank prime lending rate:
21.5% (31 December 2017 est.)
21.7% (31 December 2016 est.)
country comparison to the world: 13
Stock of narrow money:
$1.771 billion (31 December 2017 est.)
$1.61 billion (31 December 2016 est.)
country comparison to the world: 139
Stock of broad money:
$2.315 billion (31 December 2017 est.)
$2.12 billion (31 December 2016 est.)
country comparison to the world: 152
Stock of domestic credit:
$1.808 billion (31 December 2017 est.)
$1.931 billion (31 December 2016 est.)
country comparison to the world: 156
Market value of publicly traded shares:
$NA
Current account balance:
$-2.297 billion (2017 est.)
$-2.706 billion (2016 est.)
country comparison to the world: 161
Exports:
$2.115 billion (2017 est.)
$1.954 billion (2016 est.)
country comparison to the world: 139
Exports - commodities:
bauxite, gold, diamonds, coffee, fish, agricultural products
Exports - partners:
China 24.6%, Ghana 17.9%, Switzerland 10.1%, UAE 7.7%, France 5.2%, Spain 4.3%, India 4.1% (2016)
Imports:
$2.475 billion (2017 est.)
$2.109 billion (2016 est.)
country comparison to the world: 152
Imports - commodities:
petroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs
Imports - partners:
Netherlands 14.6%, China 13.5%, India 12.4%, Belgium 8.6%, France 6.9%, UAE 5.4%, Singapore 4.9% (2016)
Reserves of foreign exchange and gold:
$416.1 million (31 December 2017 est.)
$383.4 million (31 December 2016 est.)
country comparison to the world: 146
Debt - external:
$1.53 billion (31 December 2017 est.)
$1.462 billion (31 December 2016 est.)
country comparison to the world: 159
Stock of direct foreign investment - abroad:
$69.91 million (31 December 2017 est.)
$69.19 million (31 December 2016 est.)
country comparison to the world: 107
Exchange rates:
Guinean francs (GNF) per US dollar -
9,230 (2017 est.)
9,085 (2016 est.)
9,085 (2015 est.)
7,485.5 (2014 est.)
7,014.1 (2013 est.)

Energy

Electricity access:
population without electricity: 8,700,000
electrification - total population: 26%
electrification - urban areas: 53%
electrification - rural areas: 11% (2013)
Electricity - production:
1 billion kWh (2015 est.)
country comparison to the world: 151
Electricity - consumption:
930 million kWh (2015 est.)
country comparison to the world: 157
Electricity - exports:
0 kWh (2016 est.)
country comparison to the world: 145
Electricity - imports:
0 kWh (2016 est.)
country comparison to the world: 158
Electricity - installed generating capacity:
740,000 kW (2015 est.)
country comparison to the world: 135
Electricity - from fossil fuels:
50% of total installed capacity (2015 est.)
country comparison to the world: 152
Electricity - from nuclear fuels:
0% of total installed capacity (2015 est.)
country comparison to the world: 104
Electricity - from hydroelectric plants:
49.7% of total installed capacity (2015 est.)
country comparison to the world: 39
Electricity - from other renewable sources:
0.3% of total installed capacity (2015 est.)
country comparison to the world: 155
Crude oil - production:
0 bbl/day (2016 est.)
country comparison to the world: 145
Crude oil - exports:
0 bbl/day (2014 est.)
country comparison to the world: 133
Crude oil - imports:
0 bbl/day (2014 est.)
country comparison to the world: 136
Crude oil - proved reserves:
0 bbl (1 January 2017 est.)
country comparison to the world: 144
Refined petroleum products - production:
0 bbl/day (2014 est.)
country comparison to the world: 153
Refined petroleum products - consumption:
16,000 bbl/day (2015 est.)
country comparison to the world: 148
Refined petroleum products - exports:
0 bbl/day (2014 est.)
country comparison to the world: 163
Refined petroleum products - imports:
16,130 bbl/day (2014 est.)
country comparison to the world: 126
Natural gas - production:
0 cu m (2013 est.)
country comparison to the world: 145
Natural gas - consumption:
0 cu m (2013 est.)
country comparison to the world: 190
Natural gas - exports:
0 cu m (2013 est.)
country comparison to the world: 117
Natural gas - imports:
0 cu m (2013 est.)
country comparison to the world: 135
Natural gas - proved reserves:
0 cu m (1 January 2014 est.)
country comparison to the world: 148
Carbon dioxide emissions from consumption of energy:
1.4 million Mt (2013 est.)
country comparison to the world: 160

Communications

Telephones - fixed lines:
total subscriptions: 0
subscriptions per 100 inhabitants: less than 1 (July 2016 est.)
country comparison to the world: 219
Telephones - mobile cellular:
total: 10.8 million
subscriptions per 100 inhabitants: 87 (July 2016 est.)
country comparison to the world: 82
Telephone system:
general assessment: huge improvement over the last 10 years; the capital and the regional administrative centers have 3G access
domestic: there is national coverage and Conakry is reasonably well-served; coverage elsewhere remains inadequate but is improving; fixed-line teledensity less than 1 per 100 persons; mobile-cellular subscribership is expanding rapidly and now approaches 90 per 100 persons
international: country code - 224; satellite earth station - 1 Intelsat (Atlantic Ocean) (2017)
Broadcast media:
government maintains marginal control over broadcast media; single state-run TV station; state-run radio broadcast station also operates several stations in rural areas; a steadily increasing number of privately owned radio stations, nearly all in Conakry, and about a dozen community radio stations; foreign TV programming available via satellite and cable subscription services (2011)
Internet country code:
.gn
Internet users:
total: 1,185,148
percent of population: 9.8% (July 2016 est.)
country comparison to the world: 131

Transportation

Civil aircraft registration country code prefix:
3X (2016)
Airports:
16 (2013)
country comparison to the world: 144
Airports - with paved runways:
total: 4
over 3,047 m: 1
1,524 to 2,437 m: 3 (2017)
Airports - with unpaved runways:
total: 12
1,524 to 2,437 m: 7
914 to 1,523 m: 3
under 914 m: 2 (2013)
Railways:
total: 1,086 km
standard gauge: 279 km 1.435-m gauge
narrow gauge: 807 km 1.000-m gauge (2017)
country comparison to the world: 88
Roadways:
total: 44,348 km
paved: 4,342 km
unpaved: 40,006 km (2003)
country comparison to the world: 81
Waterways:
1,300 km (navigable by shallow-draft native craft in the northern part of the Niger River system) (2011)
country comparison to the world: 53
Merchant marine:
total: 1
by type: other 1 (2017)
country comparison to the world: 173
Ports and terminals:
major seaport(s): Conakry, Kamsar

Military & Security

Military expenditures:
2.49% of GDP (2016)
3.31% of GDP (2015)
2.97% of GDP (2014)
3.16% of GDP (2013)
2.98% of GDP (2012)
country comparison to the world: 36
Military branches:
National Armed Forces: Army, Guinean Navy (Armee de Mer or Marine Guineenne, includes Marines), Guinean Air Force (Force Aerienne de Guinee) (2009)
Military service age and obligation:
no compulsory military service (2017)

Transnational Issues

Disputes - international:
Sierra Leone considers Guinea's definition of the flood plain limits to define the left bank boundary of the Makona and Moa Rivers excessive and protests Guinea's continued occupation of these lands, including the hamlet of Yenga, occupied since 1998
Trafficking in persons:
current situation: Guinea is a source, transit, and, to a lesser extent, a destination country for men, women, and children subjected to forced labor and sex trafficking; the majority of trafficking victims are Guinean children, and trafficking is more prevalent among Guineans than foreign national migrants; Guinean girls are subjected to domestic servitude and commercial sexual exploitation, while boys are forced to beg or to work as street vendors, shoe shiners, or miners; Guinea is a source country and transit point for West African children forced to work as miners in the region; Guinean women and girls are subjected to domestic servitude and sex trafficking in West Africa, the Middle East, the US, and increasingly Europe, while Thai, Chinese, and Vietnamese women are forced into prostitution and some West Africans are forced into domestic servitude in Guinea
tier rating: Tier 2 Watch List – Guinea does not fully comply with the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so; in 2014, Guinea was granted a waiver from an otherwise required downgrade to Tier 3 because its government has a written plan that, if implemented would constitute making significant efforts to bring itself into compliance with the minimum standards for the elimination of trafficking; no new investigations were conducted in 2014, and the one ongoing case led to the prosecution of four offenders for forced child labor, three of whom were convicted but given inadequate sentences for the crime; the government did not identify or provide protective services to victims and did not support NGOs that assisted victims but continued to refer child victims to NGOs on an ad hoc basis; Guinean law does not prohibit all forms of trafficking, excluding, for example, debt bondage; the 2014 Ebolavirus outbreak negatively affected Guinea’s ability to address human trafficking (2015)

Economic Indicators for Guinea including actual values, historical data, and latest data updates for the Guinea economy.