French, Pular, Maninka, Susu, other native languages
Economic Overview
Key economic indicators for Guinea
GDP:
$56.892 billion
GDP per Capita:
$3,900
GDP Growth:
6.74%
Inflation:
7.8%
Unemployment:
5.3%
Public Debt:
37.9% of GDP
Political System
Governance structure of Guinea
Government Type:
presidential republic
Head of State:
President Col. Mamady DOUMBOUYA (since 1 October 2021)
Head of Government:
Prime Minister Mamadou Oury BAH (since 27 February 2024)
Judiciary:
Supreme Court or Cour Supreme (organized into Administrative Chamber and Civil, Penal, and Social Chamber; court consists of the first president, 2 chamber presidents, 10 councilors, the solicitor general, and NA deputies); Constitutional Court - suspended on 5 September 2021
Administrative Divisions:
7 regions administrative (administrative regions) and 1 gouvenorat (governorate)*; Boke, Conakry*, Faranah, Kankan, Kindia, Labe, Mamou, N'Zerekore
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
2112 Leroy Place NW, Washington, DC 20008
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
29.1% (2023 est.)
Industry
26.3% (2023 est.)
Services
36.9% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$12.008 billion
Imports:
$8.365 billion
Major Trading Partners
UAE 50
China 36
India 8
Switzerland 1
Spain 1
Economic Outlook
Guinea has a 6.74% GDP growth rate with 7.8% inflation. The economy is characterized by a strong agriculture sector.