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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

  • $ 163
  • Country report
  • May 2017
  • by Oxford Economics

After little or no growth in 2014 and 2015 as a result of the Ebola epidemic, GDP is expected to have recovered sharply, growing by an estimated 5.2% in 2016 and 4.6% in 2017, led by the mining sector. ...

  • Countries : Guinea

The Economist Intelligence Unit

Country Report Guinea 2nd Quarter 2017

  • $ 251
  • Country report
  • June 2017
  • by The Economist Intelligence Unit

Outlook for 2017-18 Although frictions within the ruling coalition have increased, the president, Alpha Condé, will remain in power in 2017-18 and we expect him to win a majority of the seats ...

  • Countries : Guinea

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