What is the GDP of Guinea?

Guinea's GDP is approximately $25 billion USD. The GDP growth rate is 5.4%.

What is the population of Guinea?

Guinea has a population of approximately 14.8 million people. The population growth rate is 2.4%.

What is the inflation rate in Guinea?

The inflation rate in Guinea is 8.1%.

What is the unemployment rate in Guinea?

The unemployment rate in Guinea is 5.2%.

What is the GDP per capita of Guinea?

Guinea's GDP per capita is approximately $1,695 USD.

Is Guinea a good country to invest in?

Guinea has an investment score of 27/100, classified as "Caution" risk. Key sectors include Mining (Bauxite, Gold), Agriculture, Energy. Credit rating: NR.

How open is Guinea's economy to trade?

Guinea's trade openness (trade as % of GDP) is 98%. Exports total approximately $10.4B and imports $14.1B.

How much foreign investment does Guinea attract?

Foreign direct investment (FDI) in Guinea is 5.6% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Guinea?

Guinea's economy is composed of services (36% of GDP), industry (25% of GDP), and agriculture (31% of GDP).

Can I start a business in Guinea as a foreigner?

Guinea offers various options for foreign entrepreneurs. Visit our business setup guide for Guinea for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Guinea's economy growing?

Guinea's GDP growth rate is 5.4%. This is above the global average, indicating strong economic momentum.

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Guinea Economy Overview

Name: Guinea Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLow IncomeCapital: ConakryGIN

Caution

Growing

25B USD

GDP (Nominal)

Growing at 5.4%

$1,695

GDP Per Capita

Developing economy

14.8M

Population

+2.4% annual growth

High

8.1%

Inflation

Elevated

98%of GDP

Trade Openness

Strong

5.6%of GDP

FDI Inflows

Public Debt

High

5.2%

Unemployment

Deficit

-$3.7B

Trade Balance

GDP

Billion USD, nominal

$25B

2024+2.6B

GDP Growth

Annual %

5.4%

2024-0.1%

Inflation

Consumer prices, annual %

8.1%

2024+0.3%

Population

Millions

14.8M

2024+0.3M

Economic Structure

Services36%

Industry25%

Agriculture31%

Investment Score Breakdown

Economic Health (30%)30

Political Safety (25%)15

Business Climate (20%)28

Financial Strength (15%)28

Growth Potential (10%)40

Key Sectors

Mining (Bauxite, Gold)

25% of GDP

growing

Agriculture

20% of GDP

stable

Energy

3% of GDP

growing

Should I Invest in Guinea?

AvoidSetup: ModerateROI: High

Guinea scores 27/100 on the NationsData Investment Index, rated "Caution". The economy is growing at 5.5%, offering expanding market opportunity.

Investment Score27/100

GDP Growth5.5%

Inflation10%

FDI/GDP3.5%

Public Debt38%

Political Stability-1.2

Strengths

+Strong GDP growth at 5.5% - expanding market opportunity
+Low public debt (38% of GDP) - fiscal headroom

Risks

-Significant political instability - governance risks may affect business continuity
-High inflation (10%) - erodes margins and purchasing power
-Corruption is a significant concern - budget for compliance and due diligence
-Large current account deficit (-8%) - currency depreciation risk

Also Consider

Gambia

Same region, similar income level

Togo

Same region, similar income level

Ethiopia

Same region, similar income level

Lesotho

Same region, similar income level

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