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Laboratoire de la finance africaine

Guinea

Preview 2018
Projected Real GDP Growth (% Change) : 6.2
GDP (current, USD Bn) : 10.90
Projected Consumer Prices (% Change) : 9.7
Country Population : 14.0 million
Economic performance and outlook

Guinea’s economic growth has remained steady thanks to reforms improving the business environment. Real GDP growth is estimated at 6.2% for 2019 (6.0% in 2018). The tertiary sector’s contribution to growth—improved traffic at the Conakry port, growth of the mobile phone sector, and the opening of new hotel complexes—was 3.6 points in 2018, while those of the primary and secondary sectors were 0.7 points and 1.7 points, respectively.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

At the end of 2019, the banking sector of Guinea represented a total asset of $1.8 billion.
Credit distributed to private sector in 2019 represents $1 billion.