Guinea FlagGuinea

Work, Justice, Solidarity

 

General


Population: 11,474,383 (2014), 11,176,026 (2013)
Land Area: 245,857 sq km
Natural Resources: Bauxite, iron ore, diamonds, gold, uranium, hydropower, fish, salt
Capital: Conakry
Political System: Republic
State Leader: Alpha Conde (December 21st 2010)
Head of Government: Mohamed Said Fofana (December 24th 2010)
Languages: French, Ethnic languages
Currency: Guinean Franc (GNF)
Major Religions: Muslim 85%, Christian 8%, Indigenous Beliefs 7%
Major Ethnicities: Peuhl 40%, Malinke 30%, Soussou 20%, Smaller Ethnic Groups 10%
Life Expectancy: 59.6 years (2014), 59.11 years (2013)

Economy


GDP Official Exchange Rate: 6.544 billion (2013), 5.632 billion (2012)
GDP Purchasing Power Parity: 12.56 billion (2013), 12.37 billion (2012)
GDP Per Capita (PPP): 1,100 (2013), 1,100 (2012)
GDP Growth Rate: 2.9% (2013), 3.9% (2012)
GDP Structure: Agriculture 22.9%, Industry 46.5%, Services 30.5% (2013)
Labour Force By Occupation: Agriculture 76%, Industry and Services 24% (2006)
Industries: Bauxite, gold, diamonds, iron; aluminum refining; light manufacturing, and agricultural processing
Agriculture Products: Rice, coffee, pineapples, palm kernels, cassava, bananas, sweet potatoes; cattle, sheep, goats; timber
Human Development Index: 0.392 (179th)(2014), 0.355 (178th)(2013)
Tourism Revenue: 31 million (2002)
Unemployment Rate: NA

MilitaryGuinea Map


Army Size: 9 700 (2004)
Budget: 1.7% of GDP (2006)

Current Situation

 

Guinea is located in West Africa. Guinea is bordered by Côte d'Ivoire, Guinea-Bissau, Liberia, Mali, Senegal and Sierra Leone. Guinea is now under the leadership of a military junta following the death of the president Lansana Conte. Guinea's economy is presently very weak due to poor infrastructure and corruption, however the military junta promises to correct the corruption. Guinea has however large amounts of natural resources, and a few foreign companies are interested in opening major projects in Guinea. These investments could improve Guinea's economy dramatically, as some of the projects are potentially some of the biggest in terms of money in Sub-Saharan Africa.

(2014) Guinea's economy continued to grow in 2014 however growth slowed to 2.9%. Uneventful parliamentary elections in 2013 promises to provide a relative degree of stability which will help increase growth for 2014.

Thoughts & Comments

 

Sources

CIA World Factbook: Guinea
Wikipedia: Guinea
http://www.afdb.org/en/countries/west-africa/guinea/guinea-economic-outlook/
http://hdrstats.undp.org/en/countries/profiles/GIN.html

Updated on: September 11th, 2014