Economy of Guinea

Imports

Imports commoditiespetroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs

Import partnersChina 14.2%, Netherlands 7.6% (2012)

Exports

Exports commoditiesbauxite, alumina, gold, diamonds, coffee, fish, agricultural products

Export partnersIndia 10.6%, Spain 9.6%, Chile 9.4%, US 7.1%, Ireland 6.3%, Germany 6.3%, Ukraine 5.7%, France 5% (2012)

Economy sectors

Agriculture productsrice, coffee, pineapples, palm kernels, cassava (manioc), bananas, sweet potatoes; cattle, sheep, goats; timber

Industrial productsbauxite, gold, diamonds, iron; alumina refining; light manufacturing, and agricultural processing

Economy

Unemployment3.10 % (2012)3.10 % (2011)3.10 % (2010)

GDP - Official Exchange Rate6.54 Billion $ (2013)5.56 Billion $ (2012)5.07 Billion $ (2011)

GDP growth rate2.90 % (2013)3.90 % (2012)3.90 % (2011)

GDP per Capita (PPP)1,100 $ (2013)1,100 $ (2012)1,100 $ (2011)

GDP - Purchasing Power Parity12.6 Billion $ (2013)12.0 Billion $ (2012)11.7 Billion $ (2011)

GDP PPP per land area51,087 $ per square kilometer (2013)48,972 $ per square kilometer (2012)47,548 $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate0.00 % (2010)0.00 % (2009)0.00 % (2008)

Commercial bank prime lending rate26.0 % (2013)27.0 % (2012)28.0 % (2011)

GDP decomposition by sector

Agriculture % of GDP22.9 % (2013)22.8 % (2012)

Industry % of GDP46.5 % (2013)46.1 % (2012)

Services % of GDP30.5 % (2013)31.1 % (2012)

Tourism

International tourism, number of arrivals30,000 (2007)46,000 (2006)45,000 (2005)

Debt, Current Account Balance and Budget Deficit

Current Account Balance (Percentage of GDP)-18.38 % of GDP (2012)-22.92 % of GDP (2011)-6.90 % of GDP (2010)

External Debt Stocks (Percentage of GNI)17.6 % of GNI (2012)67.5 % of GNI (2011)72.7 % of GNI (2010)

Short-term debt (percentage of total external debt)3.60 % of total external debt (2012)2.90 % of total external debt (2011)3.96 % of total external debt (2010)

Current Account Balance (Total)-1.75 Billion $ (2012)-1.22 Billion $ (2011)-370.60 Million $ (2010)

External Debt (Total)2.58 Billion $ (2012)3.00 Billion $ (2011)2.84 Billion $ (2010)

External Debt (Percentage of GDP)46.5 % of GDP (2012)59.1 % of GDP (2011)61.4 % of GDP (2010)

External Debt per Capita237 $ (2012)283 $ (2011)261 $ (2010)