Country Brief
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Guinea is a least developed country located in West Africa.
The country is at a turning point after decades of authoritarian rule since its
independence from France in 1958; its first free and competitive democratic
presidential and legislative elections were in 2010 and 2013, respectively. The
new political context paved the way for new economic opportunities for Guinea.
Guinea's mineral wealth makes it potentially one of Africa's richest countries.
Bauxite is Guinea’s main mineral resource as well as its main source of foreign
currency. Political instability and low international commodity prices are big
threats to Guinea’s economy. The country is a member of the Economic Community
of West African States and it benefits from the European Union’s Everything But
Arms Initiative.
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Export potential
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.