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.

SnapshotIndicatorsCountry FactsFocus SectorsRegulations & TaxesBusinesses (153)

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

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

Tenders

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RECRUTEMENT D'UN SPECIALISTE EN INFRASTRUCTURE

Guinea Commercial Agriculture Development Project Phase 2 - Agriculture

RECRUTEMENT D'UN(E) SPECIALISTE EN VIOLENCE BASEE SUR LE GENRE

Guinea Commercial Agriculture Development Project Phase 2 - Agriculture

Contract Awards

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Sélection d’un Consultant pour les travaux de recherche géologiques des minéraux critiques sur 1 000 Km² au Sud-Est de la République de Guinée

Government of Guinea (World Bank-financed, project P168613)

Sélection d’un Consultant pour la collecte, la réconciliation et l’audit ITIE Guinée, pour les exercices 2024 et 2025

Government of Guinea (World Bank-financed, project P168613)

Contrat pour l’édition et l’impression des outils de gestion financière pour les structures sanitaires déconcentrées

Government of Guinea (World Bank-financed, project P506072)

Assistance technique pour élaboration d’un Manuel de Réponses aux chocs

Government of Guinea (World Bank-financed, project P168777)