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Guinea

Guinea : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$1.761 billion (2011 est.)
$1.405 billion (2010 est.)

Exports

$1.615 billion (2011 est.)
$1.471 billion (2010 est.)

Inflation rate (consumer prices)

16% (2011 est.)
20% (2010 est.)

Unemployment rate

NA%

GDP - per capita (PPP)

$1,100 (2011 est.)
$1,100 (2010 est.)
$1,100 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3% (2010 est.)
-3.5% (2009 est.)
4.7% (2008 est.)

Internet users

95,000 (2009)

Telephones - mobile cellular

4 million (2009)

Population growth rate

2.641% (2012 est.)

Population

10,884,958 (July 2012 est.)

Historical background

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.

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Guinea

Economic overview

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.

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Oxford Economics

Country Economic Forecasts > Guinea

Country Economic Forecasts > Guinea

  • $ 163
  • Country report
  • November 2016
  • by Oxford Economics

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 ...

  • Countries : Guinea

The Economist Intelligence Unit

Country Report Guinea 1st Quarter 2016

Country Report Guinea 1st Quarter 2016

  • $ 285
  • Country report
  • March 2016
  • by 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 ...

  • Countries : Guinea

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