Guinea: economy

How fast is Guinea's economy growing?

Guinea's real GDP grew 9.2% in the first quarter of 2026 compared with the first quarter of 2025, according to the National Statistics Institute's quarterly national accounts. All sectors grew.

Industry grew 12.6% and contributed 5.8 percentage points of the growth, led by mining and quarrying (+13.1%, 4.2 points), construction (+10.5%) and food manufacturing (+9.7%); electricity production rose 26.3%. Agriculture and other primary activities grew 3.8%. The INS has aligned its quarterly accounts with a new base year of 2018, and published a note explaining the change in September 2026.

Official sources: quarterly national accounts

What does Guinea export?

Gold made up 50.5% of Guinea's exports in July 2026, at GNF 8,459.2 billion (8.1 tonnes), and bauxite 38.7%, at GNF 6,489.3 billion (17.2 million tonnes), according to the National Statistics Institute's foreign trade note for July 2026. Iron ore exports were GNF 1,120.6 billion.

Total exports were GNF 16,759.2 billion in July, 30.4% more than in July 2025, and GNF 110,159.5 billion over January to July, up 50.0% on a year earlier. The trade surplus was GNF 1,725.8 billion in July. China took 88.4% of bauxite exports, and Switzerland 59.8% of gold exports. Bauxite values are estimated at average prices per tonne supplied by the central bank.

Official sources: foreign trade note for July 2026

What is the central bank interest rate in Guinea?

The policy rate of the Banque Centrale de la République de Guinée (BCRG) is 9.50%, and the reserve requirement ratio for banks is 11.50%, according to the BCRG website, read on 15 October 2026.

The policy rate is the rate the central bank uses to guide the cost of money for banks in Guinean francs, and the reserve ratio is the share of deposits that banks must hold at the central bank. Monetary policy is decided by the BCRG's monetary policy committee, whose 22nd ordinary meeting is the latest listed on the site. The BCRG website also publishes exchange rates for the Guinean franc against other currencies, annual and quarterly reports, and inflation information.

Official sources: BCRG website

What is the exchange rate of the Guinean franc?

The Banque Centrale de la République de Guinée's official rate was GNF 8,805.85 per US dollar and GNF 9,858.15 per euro, as shown on the BCRG website on 15 October 2026. The rate for the Chinese yuan was GNF 1,315.68.

The central bank publishes the rates it uses for the franc against the main currencies, together with its policy rate. The euro rate implies about 1.12 US dollars per euro. The policy rate shown on the same page was 9.50%.

Official sources: BCRG website

What is GDP per person in Guinea?

Guinea's GDP per person was USD 1,877 in 2025, according to the World Bank, up from USD 1,695 in 2024 and USD 1,054 in 2020.

The figure divides GDP in current US dollars by the World Bank's population estimate of 15.1 million. Guinea's 2025 census counted 17,521,167 residents, according to the INS's preliminary census results, so GDP per person calculated with the census count would be lower. Because the figure is in current dollars, it also moves with prices and the franc's exchange rate.

Official sources: World Bank · preliminary census results

How much money do migrants send home to Guinea?

Personal remittances received by Guinea were equal to 2.46% of GDP in 2024, according to the World Bank, up from 2.22% in 2023.

The INS's 2024 statistical yearbook, using central bank data, shows that remittances from the European Union reached USD 255.4 million in 2023 and those from other ECOWAS countries USD 140.5 million. North America sent USD 49.8 million. Remittances are money sent home by Guinean migrants, together with the pay of people working abroad for short periods.

Official sources: World Bank · 2024 statistical yearbook

How large are Guinea's foreign reserves?

Guinea's total reserves, including gold, were USD 1.35 billion at the end of 2024, according to the World Bank, down from USD 1.89 billion at the end of 2023 and USD 2.18 billion at the end of 2021.

The reserves are held by the Banque Centrale de la République de Guinée and include foreign currency, gold and special drawing rights at the International Monetary Fund. The figures come from international financial statistics reported to the IMF. Exports of goods and services were equal to 41.4% of GDP in 2025, according to the World Bank.

Official sources: World Bank · World Bank

What is Guinea's economic growth rate?

7.4%: that is real GDP growth in Guinea for 2025, according to the World Bank. Since 2005 it has ranged from -1.1% (2009) to 10.8% (2016). It is 5th highest of 46 in Sub-Saharan Africa, where the median is 4.6%. Worldwide: 15th of 180.

How rich is Guinea per person?

In 2025, GDP per person in Guinea was $1,877, according to the World Bank. That is the highest since at least 2005. Sub-Saharan Africa median: $1,351; Guinea is 21st highest of 46. Of 180 countries with 2025 data, 150th highest.

What is Guinea's GDP per person adjusted for prices?

In 2025, GDP per person at purchasing power parity in Guinea was $4,935 in international dollars, according to the World Bank. That is the highest since at least 2005. It is 21st highest of 46 in Sub-Saharan Africa, where the median is $4,425 in international dollars. Of 179 countries with 2025 data, 148th highest.

How much does Guinea export?

The World Bank puts exports of goods and services in Guinea at 41.4% of GDP in 2025. The peak was 56.2% of GDP in 2021 and the low 21.5% of GDP in 2015. Across Sub-Saharan Africa the middle value was 26.1% of GDP, and Guinea placed 10th highest of 38. Worldwide: 53rd of 133.

Does Guinea have a current account surplus or deficit?

-1.6% of GDP: that is the current account balance in Guinea for 2024, according to the IMF, which is a deficit. The peak was 27.2% of GDP in 2021 and the low -31.9% of GDP in 2016. Sub-Saharan Africa median: -4.2% of GDP; Guinea is 10th highest of 36. Worldwide: 85th of 162.

How much foreign direct investment goes into Guinea?

27.4% of GDP: that is net inflows of foreign direct investment in Guinea for 2025, according to the IMF. No year since 2005 has been higher. It is 1st highest of 46 in Sub-Saharan Africa, where the median is 2.0% of GDP. World rank, highest first: 4th of 179.