Attribute | Value |
---|---|
Geography | |
Area | 245,857 km² |
Continent | Africa |
Land area | 245,717 km² |
Water area | 140 km² |
Land boundaries | 4,046 km |
Border countries |
|
Coastline | 320 km |
Mean elevation | 472 m |
Lowest point | 0 m |
Highest point | 1,752 m |
People | |
Population | 12,527,440 |
Official languages |
|
Religion | Muslim |
Government | |
Long country name | Republic of Guinea |
Short country name | Guinea |
Long local name | Republique de Guinee |
Short local name | Guinee |
Former name |
|
Government type | Presidential republic |
Capital | Conakry |
Economy | |
GDP (PPP) | 27,970,000,000 USD |
GDP (OER) | 10,250,000,000 USD |
GDP (real growth rate) | 8.2 % |
GDP - per capita (PPP) | 2,200 USD |
Gross national saving | 5.1 % of GDP |
Labor force | 5,558,000 |
Unemployment rate | 2.7 % |
Population below poverty line | 47 % |
Budget revenues | 1,700,000,000 USD |
Budget expenditures | 1,748,000,000 USD |
Military expenditures | 2.47 % of GDP |
Taxes and other revenues | 16.6 % of GDP |
Budget surplus or deficit | -0.5 % of GDP |
Public debt | 37.9 % of GDP |
Inflation rate | 8.9 % |
Central bank discount rate | 22.25 % |
Commercial bank prime lending rate | 22.2 % |
Stock of narrow money | 1,840,000,000 USD |
Stock of broad money | 1,840,000,000 USD |
Stock of domestic credit | 1,762,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -705,000,000 USD |
Exports | 3,514,000,000 USD |
Imports | 4,799,000,000 USD |
Reserves of foreign exchange and gold | 331,800,000 USD |
External debt | 1,458,000,000 USD |
National currency | Guinean francs |
National currency (code) | GNF |
National currency (symbol) | FG |
National currency rate to USD | 9 |
Guinea is at a turning point after decades of authoritarian rule since gaining its independence from France in 1958. Sekou TOURE ruled the country as president from independence to his death in 1984. Lansana CONTE came to power in 1984 when the military seized the government after TOURE's death. Gen. CONTE organized and won presidential elections in 1993, 1998, and 2003, though results were questionable due to a lack in transparency and neutrality in the electoral process. Upon CONTE's death in December 2008, Capt. Moussa Dadis CAMARA led a military coup, seizing power and suspending the constitution. His unwillingness to yield to domestic and international pressure to step down led to heightened political tensions that peaked in September 2009 when presidential guards opened fire on an opposition rally killing more than 150 people. In early December 2009, CAMARA was wounded in an assassination attempt and exiled to Burkina Faso. A transitional government led by Gen. Sekouba KONATE paved the way for Guinea's transition to a fledgling democracy. The country held its first free and competitive democratic presidential and legislative elections in 2010 and 2013 respectively, and in October 2015 held a second consecutive presidential election. Alpha CONDE was reelected to a second five-year term as president in 2015, and the National Assembly was seated in January 2014. CONDE's first cabinet is the first all-civilian government in Guinea. The country held a successful political dialogue in August and September 2016 that brought together the government and opposition to address long-standing tensions. Local elections were held in February 2018, and disputed results in some of the races resulted in ongoing protests against CONDE's government.