Guinea Economic Statistics and Indicators

25, Feb 2018, EST. Welcome to the Guinea economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Guinea › Change country
National or Regional Currency: Ekwele, GQE
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 11,474,383 (July 2014 est.)
Area: total: 245,857 sq km ; land: 245,717 sq km ; water: 140 sq km
Natural Resources: bauxite, iron ore, diamonds, gold, uranium, hydropower, fish, salt
Capital: name: Conakry ; geographic coordinates: 9 30 N, 13 42 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time)

Guinea is a poor country that possesses major mineral, hydropower, solar power, and agricultural resources. Guinea has historically been an exporter of agricultural commodities, but in recent years has shifted to importing the majority of food crops. Bauxite is Guinea’s main mineral resource as well as its main source of foreign currency. Guinea is the second largest producer of bauxite in the world and has the largest reserves of bauxite, estimated at 29 billion tons. The country also has significant iron ore, gold, and diamond reserves. However, Guinea has been unable to profit from this potential, as rampant corruption, dilapidated infrastructure, and political uncertainty have drained investor confidence. In the time since a 2008 coup following the death of long-term President Lansana CONTE, international donors, including the G-8, the IMF, and the World Bank, significantly curtailed their development programs but, following the December 2010 presidential elections, the IMF approved a new 3-year ECF arrangement in 2012. Guinea in September 2012 reached HIPC completion point status. Further international assistance and investment are contingent on the ability of the government to be transparent, combat corruption, reform its banking system, improve its business environment, and build infrastructure. International investors have expressed keen interest in Guinea's vast iron ore reserves, which could propel the country's growth. The government in April 2013 amended the September 2011 mining code to reduce taxes and royalties. Longer range plans to deploy broadband Internet throughout the country could spur economic growth as well. The biggest threats to Guinea’s economy are political instability and low international commodity prices.
More on the Guinea Economy
More on the Guinea Export, Import and Trade

Economic Indicator Listing
  For Guinea in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.145 %
GDP (Current Prices, National Currency)GQE 50,146.65 Billion.
GDP (Current Prices, US Dollars)US$ 6.696 Billion
GDP Deflator 559.718 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)GQE 725,735.24 .
GDP Per Capita (Current Prices, National Currency)GQE 4,062,068.77 .
GDP Per Capita (Current Prices, US Dollars)US$ 542.417
GDP (PPP), US DollarsUS$ 14.982 Billion
GDP Per Capita (PPP), US DollarsUS$ 1,213.63
GDP Share of World Total (PPP) 0.013 %
Implied PPP Conversion Rate 3,347.05
Investment (% of GDP) 10.15 %
Gross National Savings (% of GDP) -12.296 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 1,311.76 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 8.151 %
Inflation, End of Year (Indexed to Year 2000) 1,349.53 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 7.324 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.605 %
Import Volumes of Goods Only (Percent Change) 16.506 %
Export Volume of All Items Including Goods and Services (Percent Change) -1.521 %
Export Volumes of Goods Only (Percent Change) -1.776 %
Population 12.345 Million
General government revenue (National Currency)GQE 9,749.32 Billions.
General government revenue (% of GDP) 19.442 %
General government total expenditure (National Currency)GQE 14,286.08 Billions.
General government total expenditure (% of GDP) 28.489 %
Total Government Net Lending/ Borrowing (National Currency)GQE -4,536.76 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -9.047 %
Fiscal Year Gross Domestic Product, Current PricesGQE 50,146.65 Billions.
Current Account Balance (US Dollars)US$ -1.503 Billion
Current Account Balance (% GDP) -22.446 %
Economic Indicators for Guinea 2015

GDP (Constant Prices, National Currency) for Guinea in year 2015 is GQE 8,959.27 Billion.

GDP Growth (Constant Prices, National Currency) for Guinea in year 2015 is 0.145 %.

GDP (Current Prices, National Currency) for Guinea in year 2015 is GQE 50,146.65 Billion.

GDP (Current Prices, US Dollars) for Guinea in year 2015 is US$ 6.696 Billion.

GDP Deflator for Guinea in year 2015 is 559.718 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Guinea in year 2015 is GQE 725,735.24 .

GDP Per Capita (Current Prices, National Currency) for Guinea in year 2015 is GQE 4,062,068.77 .

GDP Per Capita (Current Prices, US Dollars) for Guinea in year 2015 is US$ 542.417 .

GDP (PPP), US Dollars for Guinea in year 2015 is US$ 14.982 Billion.

GDP Per Capita (PPP), US Dollars for Guinea in year 2015 is US$ 1,213.63 .

GDP Share of World Total (PPP) for Guinea in year 2015 is 0.013 %.

Implied PPP Conversion Rate for Guinea in year 2015 is 3,347.05 .

Investment (% of GDP) for Guinea in year 2015 is 10.15 %.

Gross National Savings (% of GDP) for Guinea in year 2015 is -12.296 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Guinea in year 2015 is 1,311.76 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Guinea in year 2015 is 8.151 %.

Inflation, End of Year (Indexed to Year 2000) for Guinea in year 2015 is 1,349.53 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Guinea in year 2015 is 7.324 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Guinea in year 2015 is 7.605 %.

Import Volumes of Goods Only (Percent Change) for Guinea in year 2015 is 16.506 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Guinea in year 2015 is -1.521 %.

Export Volumes of Goods Only (Percent Change) for Guinea in year 2015 is -1.776 %.

Population for Guinea in year 2015 is 12.345 Million .

General government revenue (National Currency) for Guinea in year 2015 is GQE 9,749.32 Billions.

General government revenue (% of GDP) for Guinea in year 2015 is 19.442 %.

General government total expenditure (National Currency) for Guinea in year 2015 is GQE 14,286.08 Billions.

General government total expenditure (% of GDP) for Guinea in year 2015 is 28.489 %.

Total Government Net Lending/ Borrowing (National Currency) for Guinea in year 2015 is GQE -4,536.76 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Guinea in year 2015 is -9.047 %.

Fiscal Year Gross Domestic Product, Current Prices for Guinea in year 2015 is GQE 50,146.65 Billions.

Current Account Balance (US Dollars) for Guinea in year 2015 is US$ -1.503 Billion.

Current Account Balance (% GDP) for Guinea in year 2015 is -22.446 %.

* Source: IMF
Aggregate Indicators for Guinea
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Guinea
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Guinea
  Natural Resources, Agricultural Products, Land Use and Water Use for Guinea
  Nationality, Ethnic Groups, Languages and Religions for Guinea
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Guinea
  Age Structure, Median Age, Gender and Urbanization for Guinea
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Guinea
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Guinea
  HIV, AIDS and Other Major Infectious Disease Rates for Guinea
  Literacy Rate, Educational Expenditure and School Life Expectancy for Guinea
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Guinea
  Industries and Industrial Growth Production Rate for Guinea
  Labor Force by Occupation for Guinea
  Poverty Line, Gini Index, Household Income and Consumption for Guinea
  National Budget and Public Debt for Guinea
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Guinea
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Guinea
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Guinea
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Guinea
  Foreign Exchange Reserves and Gold Reserves for Guinea
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Guinea
  Exchange Rate Statistics for Guinea
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Guinea
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Guinea
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Guinea
  Television and Radio Statistics (TV Stats, Radio Stats) for Guinea
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Guinea
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Guinea
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Guinea
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Guinea
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Guinea
* Source: CIA
Internet Indicators for Guinea
Indicators
  Number of Internet Users for Guinea
  Internet Penetration Rate for Guinea
  Number of Facebook Accounts for Guinea
  Facebook Penetration Rate for Guinea
* Source: IWS
Economic Freedom Indicators for Guinea
Indicators
  Economic Freedom World Rank for Guinea
  Government Spending for Guinea
  Monetary Freedom for Guinea
  Investment Freedom for Guinea
  Financial Freedom for Guinea
  Property Rights for Guinea
  Economic Freedom Regional Ranking for Guinea
  Freedom from Corruption for Guinea
  Labor Freedom for Guinea
  Tariff Rate for Guinea
  Income Tax Rate for Guinea
  Corporate Tax Rate for Guinea
  Tax Burden % of GDP for Guinea
  Government Expenditure % of GDP for Guinea
  Business Freedom for Guinea
  Trade Freedom for Guinea
  Fiscal Freedom for Guinea
  2016 Score for Guinea
* Source: HFO
Guinea Economic Indicators in other Years
  Guinea Economic Indicators for Year 2021 (Forecast)
  Guinea Economic Indicators for Year 2020 (Forecast)
  Guinea Economic Indicators for Year 2019 (Forecast)
  Guinea Economic Indicators for Year 2018 (Forecast)
  Guinea Economic Indicators for Year 2017 (Forecast)
  Guinea Economic Indicators for Year 2016 (Forecast)
Guinea Economic Indicators for Year 2015 (Current)
  Guinea Economic Indicators for Year 2014
  Guinea Economic Indicators for Year 2013
  Guinea Economic Indicators for Year 2012
  Guinea Economic Indicators for Year 2011
  Guinea Economic Indicators for Year 2010
  Guinea Economic Indicators for Year 2009
  Guinea Economic Indicators for Year 2008
  Guinea Economic Indicators for Year 2007
  Guinea Economic Indicators for Year 2006
  Guinea Economic Indicators for Year 2005
  Guinea Economic Indicators for Year 2004
  Guinea Economic Indicators for Year 2003
  Guinea Economic Indicators for Year 2002
  Guinea Economic Indicators for Year 2001
  Guinea Economic Indicators for Year 2000
  Guinea Economic Indicators for Year 1999
  Guinea Economic Indicators for Year 1998
  Guinea Economic Indicators for Year 1997
  Guinea Economic Indicators for Year 1996
  Guinea Economic Indicators for Year 1995
  Guinea Economic Indicators for Year 1994
  Guinea Economic Indicators for Year 1993
  Guinea Economic Indicators for Year 1992
  Guinea Economic Indicators for Year 1991
  Guinea Economic Indicators for Year 1990
  Guinea Economic Indicators for Year 1989
  Guinea Economic Indicators for Year 1988
  Guinea Economic Indicators for Year 1987
  Guinea Economic Indicators for Year 1986
  Guinea Economic Indicators for Year 1985
  Guinea Economic Indicators for Year 1984
  Guinea Economic Indicators for Year 1983
  Guinea Economic Indicators for Year 1982
  Guinea Economic Indicators for Year 1981
  Guinea Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International