Guinea

Guinea

We offer a data-driven country report for Guinea that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Guinea.

Its population in 2018 was 13,052,608 [1]

In 2015, 76.27% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 3.12% [2]

In 2021 it had a negative Current
Account Balance of US$bn 0.70 [3]



What free trade areas or economic unions is it a member of?

Member of the African Continental Free Trade Area (AfCFTA) since 01/04/2019

Other members:

Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Kenya, Mali, Mauritania, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe


What trade deals are there between African Continental Free Trade Area and other countries and economic unions?

None

Member of the Economic Community of West African States (ECOWAS) since 28/05/1975

Other members:

Benin, Burkina Faso, Cabo Verde, Côte d'Ivoire, Gambia, Ghana, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togo


What trade deals are there between Economic Community of West African States and other countries and economic unions?

None


What trade deals are there with other countries and economic unions?

None

Société Générale Guinée – Guinean Gold: a Private Bank That Has Won Trust of Public

Société Générale Guinée has a century-and-a-half of history — and a go-ahead CEO who has overseen impressive growth. Société Générale Guinée was created in 1985 and is today the West

Swiss Precision, African Spirit with CEO Daouda Fall: Brahms Group has Found the Perfect Balance

Switzerland-based and Africa-led, the Brahms Group was born as a consultancy in 2009 — and has grown into an established player in project development and impact investment. In the firm’s
Read more

Aquashield: Securing Nigeria’s Offshore Oil and Gas Assets

Aquashield Oil & Marine Services limited (AQS) is a Nigerian-owned company incorporated in 2009 to carry out maritime security and offshore support services for the oil and gas and marine

CFI.co Meets the Banque de Développement de Guinée Management: Banking for Nation-Building

Guinea’s connection with world finance dates back to the 17th century when gold from the region was used to mint the first machine-formed gold coins in Great Britain, known as
Read more

CFI.co Meets Mohamed Beavogui & Simon Young

African Risk Capacity (ARC), an organisation helping African governments manage natural catastrophe risk, has gained major international attention in recent months. ARC was endorsed by G7 Leaders in May 2015

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

CFI