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 (2015): India, Ghana, and China
Top 3 Exported Goods (2015): Precious Stones & Metals, Ores, and Printed Material

Top Industries Source: CIA World Factbook

Bauxite; Gold; Diamonds; Iron

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $37,001,533,887 (2020)
GDP Growth Rate (annual %) 6.989% (2020)
GDP Per Capita, PPP (current international) $2,817 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 125/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 10.602% (2020)
External debt stocks, total (DOD, current US$) $2,866,810,481 (2019)
Total tax rate (% of commercial profits) 69.3% (2019)
Real Interest Rate (5 year average %) 10.931% (2001)
Manufacturing, value added (% of GDP) 8.635% (2020)
Current Account Balance (BoP, current US$) ($314,620,000) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,456,144 (2020)
Employment in Agriculture (% of total employment) 61.251% (2020)
Employment in Industry (% of total employment) 6.211% (2020)
Employment in Services (% of total employment) 32.538% (2020)
Unemployment Rate 4.35% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $5,815,658,236 (2020)
Exports of goods and services (current US$) $8,333,023,733 (2020)
Total Merchandise Trade (% of GDP) 52.005% (2020)
FDI, net inflows (BoP, current US$) $44,400,000 (2019)
Commercial Service Exports (current US$) $95,380,000 (2019)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank