Imports$1.761 billion (2011 est.)
Exports$1.615 billion (2011 est.)
Inflation rate (consumer prices)16% (2011 est.)
GDP - per capita (PPP)$1,100 (2011 est.)
National product real growth rate3% (2010 est.)
Internet users95,000 (2009)
Telephones - mobile cellular4 million (2009)
Population growth rate2.641% (2012 est.)
Population10,884,958 (July 2012 est.)
Guinea has had a history of authoritarian rule since gaining its independence from France in 1958.
Lansana CONTE came to power in 1984 when the military seized the government after the death of the first president, Sekou TOURE.
Guinea did not hold democratic elections until 1993 when Gen....
Guinea is a poor country that possesses major mineral, hydropower, and agricultural resources.
The country has almost half of the world's bauxite reserves and significant iron ore, gold, and diamond reserves.
However, Guinea has been unable to profit from this potential, as rampant corruption, dilapidated electricity and other degraded infrastructure, and political uncertainty have drained investor confidence....
We only expect a relatively modest recovery in2016, with growth picking up to 3.6%. Over the period 2016-2020 the economy is expected to grow on average by 4.2%. Thiscompares to average annual growth ...
The Economist Intelligence Unit
Outlook for 2016-17 The president, Alpha Condé, will remain firmly in power over the forecast period after winning another five-year term in the October 2015 election with an outright majority.The ...