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Laboratoire de la finance africaine


Aperçu 2023
Annual current GDP growth (%) : 6.627
GDP (USD billions) : 18.223
Population (Thousands) : 14.674 
Economic performance and outlook

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)

Financial markets

At the end of 2016, the banking sector of Guinea represented a total asset of $1.1 billion.
Credit distributed to private sector in 2016 represents $0.8 billion.