Guinea's GDP growth was estimated at 4.3 percent in 2021, a slowdown from 6.4 percent in 2020. Inflation was estimated at 12.5 percent in 2021 due to rising freight and fuel costs and inflation in consumer goods imports. The FDI-funded current account deficit narrowed significantly in 2021 to 4 percent of GDP from 13.7 percent in 2020, due to a substantial reduction in the trade deficit. Foreign exchange reserves cover 2.4 months of imports in 2021, a slight increase from 2.2 months in 2020. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)