World Factbook

Guinea

République de Guinée

Last updated: 2026-03-28 (today)

Budget

revenues

$1.949 billion (2019 est.)

expenditures

$2.014 billion (2019 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$10.266 billion (2021 est.)

Exports 2022

$8.898 billion (2022 est.)

Exports 2023

$12.008 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$5.353 billion (2021 est.)

Imports 2022

$5.749 billion (2022 est.)

Imports 2023

$8.365 billion (2023 est.)

Industries

bauxite, gold, diamonds, iron ore; light manufacturing, agricultural processing

Labor force

4.534 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

41.8% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

2% of GDP (2021 est.)

Remittances 2022

2.6% of GDP (2022 est.)

Remittances 2023

2.2% of GDP (2023 est.)

Exchange rates

Currency

Guinean francs (GNF) per US dollar -

Exchange rates 2016

8,967.927 (2016 est.)

Exchange rates 2017

9,088.319 (2017 est.)

Exchange rates 2018

9,011.134 (2018 est.)

Exchange rates 2019

9,183.876 (2019 est.)

Exchange rates 2020

9,565.082 (2020 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$3.764 billion (2023 est.)

Economic overview

growing but primarily agrarian West African economy; major mining sector; improving fiscal and debt balances prior to COVID-19; economy increasingly vulnerable to climate change; slow infrastructure improvements; gender wealth and human capital gaps

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

5.3% (2022 est.)

Unemployment rate 2023

5.3% (2023 est.)

Unemployment rate 2024

5.3% (2024 est.)

Exports - partners

UAE 50%, China 36%, India 8%, Switzerland 1%, Spain 1% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 39%, India 9%, Netherlands 7%, Belgium 6%, UAE 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$3,800 (2022 est.)

Real GDP per capita 2023

$3,900 (2023 est.)

Real GDP per capita 2024

$4,000 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

4% (2022 est.)

Real GDP growth rate 2023

5.5% (2023 est.)

Real GDP growth rate 2024

5.7% (2024 est.)

Agricultural products

rice, cassava, maize, groundnuts, oil palm fruit, plantains, potatoes, fonio, yams, sweet potatoes (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

gold, aluminum ore, cocoa beans, crude petroleum, coconuts/brazil nuts/cashews (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, rice, garments, construction vehicles, cars (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

$4.639 billion (2021 est.)

Current account balance 2022

$3.35 billion (2022 est.)

Current account balance 2023

$2.288 billion (2023 est.)

GDP (official exchange rate)

$25.334 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

67.4% (2024 est.)

government consumption

13.4% (2024 est.)

investment in inventories

-0.9% (2024 est.)

investment in fixed capital

32.1% (2024 est.)

exports of goods and services

44% (2024 est.)

imports of goods and services

-56.1% (2024 est.)

Population below poverty line

43.7% (2018 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

10.5% (2022 est.)

Inflation rate (consumer prices) 2023

7.8% (2023 est.)

Inflation rate (consumer prices) 2024

8.1% (2024 est.)

Industrial production growth rate

7.1% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$53.297 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$56.251 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$59.439 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

6.2% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

7.1% (2024 est.)

female

8% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$2.183 billion (2021 est.)

Reserves of foreign exchange and gold 2022

$2.11 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$1.887 billion (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

25.3% (2024 est.)

services

37.5% (2024 est.)

agriculture

29.6% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

3.5% (2018 est.)

highest 10%

23.1% (2018 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2018

29.6 (2018 est.)