Guinea: Economy

Economic Trivia

Almost half of the world's bauxite reserves are found here.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Netherlands, India, and United Arab Emirates
Top 3 Exported Goods (2014): Precious Stones & Metals, Ores, and Printed Material

Top Industries Source: CIA World Factbook

Bauxite; Gold; Diamonds; Iron

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $14,991,877,564 (2014)
GDP Growth Rate (annual %) 0.4% (2014)
GDP Per Capita, PPP (current international) $1,221 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 146/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 9.714% (2014)
External debt stocks, total (DOD, current US$) $1,197,825,000 (2013)
Total tax rate (% of commercial profits) 68.3% (2015)
Real Interest Rate (5 year average %) 12.3% (2000)
Manufacturing, value added (% of GDP) 6.625% (2014)
Current Account Balance (BoP, current US$) ($1,160,950,000) (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 5,060,746 (2014)
Employment in Agriculture (% of total employment) 74.8% (2012)
Employment in Industry (% of total employment) 5.6% (2012)
Employment in Services (% of total employment) 19.3% (2012)
Unemployment Rate 1.8% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $3,509,907,331 (2014)
Exports of goods and services (current US$) $1,830,515,189 (2014)
Total Merchandise Trade (% of GDP) 51.805% (2014)
FDI, net inflows (BoP, current US$) $566,000,000 (2014)
Commercial Service Exports (current US$) $100,330,000 (2013)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Guinea’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary