Republic of Guinea
A growing economy

Guinea

Republic of Guinea
A growing economy


A country in Western Africa with a surface area of ​​245,857 km2 and a population of 12,093,349. It has borders with six countries: Guinea Bissau to the west, Senegal and Mali to the north, Côte d'Ivoire to the east, and Liberia and Sierra Leone to the south. It also has 333 km of Atlantic coastline.

The growth rate was 6.6% in 2016 and is estimated at 6.7% in 2017, with moderate inflation of 8.7%. External public debt: 23.9% of the GDP with a stable exchange rate and an increase in foreign exchange reserves. The average growth expected for the 2018-2020 period is 9.5%.

 

GUINEA IS A WEST AFRICA COUNTRY


with a growth rate per year of 6,7

with an area of

245.857
km2

it has a population of

12.093.349
inhabitants

 

Guinea has significant water resources and mineral potential (it contains two thirds of the world reserves of bauxite, gold, diamonds, iron, manganese, zinc, cobalt, nickel, uranium), some of which is as yet unexploited.

Religion: Islam 85%. Christianity 4.3% and traditional beliefs.

Guinea has eight (8) administrative regions and four (4) natural regions (Lower Guinea, Middle Guinea, Upper Guinea and Forested Guinea), which each have their own distinct terrain, climate, wildlife, historical traditions and cultures.

Farming:

  • ✔ Abundant rainfall: from 1100 to 4000 mm/year
  • ✔ Broad climatic diversity
  • ✔ Water resources: a network of 1,161 rivers spread over 6,250 km in 24 river basins
  • ✔ And fertile soil:
    • ► 6.2 million hectares
    • ► 25% is exploited: 1.55 million hectares
    • ► 10% is cultivated annually: 0.62 million hectares

Agriculture, including agricultural production, forestry, livestock, fisheries and aquaculture, is the primary activity of 76% of the Guinean population and accounts for 19.7% of its GDP. Agricultural products account for 11% of Guinea's exports and 17% of its imports.

a) Meat: the Guinean meat market is mainly supplied by local production with some imports, with the exception of poultry where imports significantly surpass local production. Import volumes have risen dramatically in the last few years: in 2009 they stood at 5,409 and in 2012 had gone up to 11,337 tonnes, which represents 11.6% of national meat production overall in 2012. Poultry imports: in 2012 - 88% of national production; beef 3.4% of national production.

b) Milk: milk production remains low in relation to the population’s needs and the country imports large quantities of milk to bridge the gap.

c) Supplies of agricultural inputs: Guinea relies on other countries for its supply of veterinary medicines: antiparasitic treatment, biological products (primarily vaccines), antibiotics and other anti-infective drugs, products for pets and poultry, other products (disinfectants, metabolic correctors, etc.).

Energy:

  • ✔ 165 rivers, 23 water basins, including the six main basins that irrigate West Africa
  • ✔ A hydroelectric potential estimated at over 6000 MW for guaranteed annual energy of 19,300 GWh, of which only 2% are still exploited.
  • ✔ Solar potential of 4.8 kWh / m2 / day, a wind farm with an average annual wind speed of 2 to 4 m/s, and forest resources estimated at 30 million cubic metres of wood per year.

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