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Guinea

Republic of Guinea

French Guinean Franc (GNF) French civil law, customary law
AU, ECOWAS, AfCFTA, OIC, WTO

Guinea holds the world's largest bauxite reserves and is among the top global producers, with major operations by Guinea Alumina Corporation (EGA/Mubadala), Societe Miniere de Boke (SMB/Winning Consortium), and Compagnie des Bauxites de Guinee (CBG). The Simandou iron ore deposit in southeastern Guinea is the world's largest untapped high-grade iron ore reserve, with the Rio Tinto/Winning consortium developing blocks 3-4 and blocks 1-2.

Mining dominates the economy, alongside agriculture (rice, coffee, palm oil), fisheries, and hydropower potential. Guinea has significant undeveloped gold and diamond resources. The country is governed by a military transitional government following the September 2021 coup.

Challenges include political uncertainty regarding the democratic transition timeline, infrastructure deficits (particularly road and rail to mining sites), limited electricity access, and weak governance institutions.

Snapshot

Population~15.1 MWorld Bank, 2025
GDP (current USD)$28.3 BWorld Bank, 2025
GDP per Capita$1,877World Bank, 2025
GDP Growth7.45%World Bank, 2025
Inflation (y/y)~3.55%World Bank, 2025
Policy Rate11.50%Central Bank
Unemployment5.16%World Bank, ILO modelled estimate, 2025
Internet Use~33.30%World Bank, 2024
Electrification~47.00%World Bank WDI
CPI Score (Rank)25.0/100 (#147)Transparency Intl
HDI (Rank)0.465 (#182)UNDP HDR

World Bank Indicators Compare with another country

GDP (current USD)$28.3 BWorld Bank, 2025
GDP growth (annual)7.45%World Bank, 2025
GDP per capita (USD)$1,877World Bank, 2025
Population, total15.1 MWorld Bank, 2025
FDI net inflows (USD)$1.4 BWorld Bank, 2024
Inflation (consumer prices)3.55%World Bank, 2025
Unemployment (% labour force)5.16%World Bank, 2025
Internet use (% of people)33.30%World Bank, 2024
Trade (% of GDP)103.68%World Bank, 2025

Climate Readiness Full ranking

41out of 100
Emerging
Climate adaptation readiness for Guinea, from 5 of 5 measured indicators.
Energy access4747.0% · 30% weight
Governance readiness2525 / 100 CPI · 20% weight
Human readiness470.465 HDI · 20% weight
Economic readiness47$1,877, 2025 · 15% weight
Digital readiness3535.0% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework. It is built only from measured values already held on this profile and normalised 0-100. It does not measure emissions or physical climate vulnerability: the platform does not yet hold emissions, hazard-exposure or natural-capital series. Energy access is the single most climate-specific indicator held; the other four are governance, economic, human-development and digital readiness proxies. The economic sub-score is relative to the African countries the platform covers.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework. Built only from measured values already held on each country profile. It is not a measure of emissions or physical climate vulnerability, which the platform does not yet hold.

  • Energy access (30%) — World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
  • Governance readiness (20%) — Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
  • Human readiness (20%) — UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
  • Economic readiness (15%) — World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
  • Digital readiness (15%) — World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.

A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.

Country Facts

CapitalConakry
RegionWest Africa
CurrencyGuinean Franc (GNF)
FX RegimeManaged float
Legal SystemFrench civil law, customary law
Time ZoneAfrica/Conakry

Focus Sectors

Bauxite Mining (world's largest reserves)
Gold
Iron Ore (Simandou)
Agriculture
Fishing
Diamonds
Energy (hydro)

Regulations & Taxes

Corporate Income Tax25% standard
VAT / Sales Tax18% standard