Factsheet updated October 2018. Next update April 2019.

All data refer to 2017 (* indicates may not be 2017, but most recent available)
Guinea
Economic Overview
Nominal GDP ($US bn) 10.3 GDP growth (annual %) Inflation (annual %)
12.0
25.0
Real annual GDP Growth (%) 8.2
10.0
GDP per capita ($US) 790.3 20.0
Annual inflation rate (%) 8.9 8.0
15.0
Unemployment rate (%) - 6.0
Fiscal balance (% of GDP) -2.1 10.0
4.0
Current account balance (% of GDP) -6.9
2.0 5.0
Share of GDP
1

1 0.0 0.0
2010 2012 2014 2016 2018 2020 2022 2010 2012 2014 2016 2018 2020 2022
1 Agriculture, forestry,
45.4% 1 and fishing, value
18.1%
added (% of GDP)
1
Industry (including Fiscal balance (% of GDP) Current account balance (% of GDP)
1 0.0 0.0
construction), value
1 added (% of GDP) -5.0
-2.0
1 Services, value added
36.6% (% of GDP) -4.0
-10.0
1
-15.0
1
-6.0
1 -20.0
-8.0
Population 13.1% -25.0

1 -10.0
Population ages 0-14 -30.0
1 (% of total)
-12.0 -35.0
1 2010 2012 2014 2016 2018 2020 2022 2010 2012 2014 2016 2018 2020 2022

1 42.3% Population ages 15-64

1 (% of total)

54.6% 1 Human Development Index* GDP per capita ($US)

1
Population ages 65 (1= highly developed, 0= undeveloped)
and above (% of total) Data label is global HDI ranking Data label is global GDP per capita ranking
1 0.464 805

1 0.462
800
1 0.460
795
World Bank Ease of Doing Business ranking (best 1, worst 189) 0.458
790
Benin 151 0.456
785
Bolivia 152 0.454

Guinea 153 0.452 780

173 174 175 176 177 165 166 167 168 169
Djibouti 154 0.450 775
Ethiopia The Gambia Guinea Congo Guinea-Bissau Tajikistan Guinea-Bissau Guinea Comoros Haiti
Micronesia, Fed. Sts. 155 (Democratic
Republic)
UK rank is 7

Compiled by the FCO Economics Unit using data from external sources. Contact thomas.boys@fco.gov.uk for more information about this factsheet.
Factsheet updated October 2018. Next update April 2019. All data refer to 2017 (* indicates may not be 2017, but most recent available)
Guinea
Macroeconomy Population Trade & Investment
Nominal GDP ($US bn) 10.3 Population (millions) 13.0 Current account balance (% of GDP) -6.9
Real annual GDP growth (%) 8.2 Population growth rate (% change) 2.5 Current account balance ($US bn) -0.7
2
GDP per capita ($US) 790.3 Population density (people per km )* 51.8 Total exports of goods and services ($US bn)* 2.5
Annual inflation rate (%) 8.9 Urban population (%)* 35.8 Total imports of goods and services ($US bn)* 5.1
Unemployment rate (%) - Economic Development Exports of goods to UK (£m)* -
GDP at Purchasing Power Parity ($US bn) 28.0 Human Development Index (min 0, max 1)* 0.46 Imports of goods from UK (£m)* 12
GDP at Purchasing Power Parity per capita ($) 2,156.2 Life expectancy at birth (years)* 60.0 Exports of services to UK (£m)* -
GDP at PPP as a share of world (%) 0.0 Literacy rates (%)* 32.0 Imports of services from UK (£m)* 39
Government Finance Income inequality (equality 0, inequality 100)* - Exports + imports as share of GDP (%) 74.2
General government net debt (% of GDP) - Internet users (% population)* 9.8 Inward direct investment flow ($US bn)* 0.6
General government gross debt (% of GDP) 37.9 Net aid received per capita ($US)* 45.3 Inward direct investment stocks ($US bn)* 4.3
Fiscal balance (% of GDP) -2.1 Doing Business ranking (best 1, worst 189) 153 Emissions & Environment
General government revenue (% of GDP) 15.4 Energy CO2 emissions per capita (tonnes)* 0.2
General government expenditure (% of GDP) 17.5 Oil production (thousand barrels per day) - Pump price for petrol ($US per litre)* 0.90
Current health expenditure (% of GDP)* 4.5 Share global oil reserves remaining (%) - Energy use per capita (kg of oil equivalent)* -
Public education expenditure (% of GDP)* 2.4 Gas production (bn cubic metres per year) - Food imports (% share of goods imports)* 23.4
Military expenditure (% of GDP)* 2.3 Share global gas reserves remaining (%) - Forest area (% of land area)* 25.9
Foreign Exchange reserves ($US bn)* 0.4 Net energy imports (% of energy use)* - Agricultural land (% of land area)* 59.0
Forecast and comparison with other countries/territories
Value Global Ranking (1-185)
Comparator countries/territories in 2017
Indicator 2017 2018 forecast 2023 forecast 2017 2018 forecast 2023 forecast
Population (million) 13.0 13.3 15.0 71 71 72 Below Zimbabwe, Above South Sudan UK rank is 21

Nominal GDP ($US bn) 10.3 11.5 16.8 135 135 130 Below Mongolia, Above Chad UK rank is 5

GDP/capita ($US) 790 865 1,116 167 166 163 Below Guinea-Bissau, Above Comoros UK rank is 23

Real annual GDP growth (%) 8.2 5.8 5.0 4 25 42 Below Ghana, Above Nepal UK rank is 145
All data externally sourced from the IMF World Economic Outlook, World Bank
General government gross debt (% of GDP) 37.9 40.4 37.9 WDI Database, NATO, BP Statistical Review of World Energy, UNCTAD statistics,
Fiscal balance (% of GDP) -2.1 -2.2 -1.5 ONS Pink Book and UN International Human Development Indicators.
Factsheets for 185 countries and a detailed sources page can be found on the
Annual inflation rate (%) 8.9 8.2 7.8 Economics Unit SharePoint (FCO users only):
Unemployment rate (%) - - - https://www.gov.uk/government/collections/fco-economic-factsheets

Compiled by the FCO Economics Unit using data from external sources. Contact thomas.boys@fco.gov.uk for more information about this factsheet.