Guinea

Republic of Guinea

Region: West Africa · ISO code: GIN

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Economy

Nominal GDP

USD 25.3 billion

GDP per capita

USD 1,558

2021–2025 average

Currency

Name: Guinean franc
Гвинейский франк
ISO code: GNF
Rate against the US dollar: USD 1 = 8,804 GNF
Rate against the rouble: 1,000 GNF = 9.4915 RUB
Rate type: Cross rate via the Bank of Russia USD/RUB rate
Currency zone: National currency

Exchange rate as of 1 October 2026

Economic structure

GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average

Agriculture 29.4%
Industry 26.3%
Services 36.6%

Industries and programmes

Key industries: Bauxite mining (one of the world’s largest exporters), gold mining, iron ore (Simandou), agriculture.
Government programmes: “Simandou 2040” Program

Interim Plan (PRI) 2022–2025

Mining policy to develop bauxite processing into alumina

International trade

Exports of goods, 2021–2025

USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025

Amount Index (2021 = 100)

Table

Exports of goods, 2021–2025: amount and index (2021 = 100)
Year	USD billion	index, 2021 = 100
2021	10.2	100.0
2022	8.75	85.8
2023	9.18	90.0
2024	9.85	96.6
2025	15.1	148.0

Imports of goods: USD 7.76 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
Exports of goods and services: USD 11.7 billion 2025Source: World Bank, national accounts. Period: 2025
Change in exports of goods, 2021–2025: +48.0%
Average annual rate of change in exports of goods, 2021–2025: +10.3%

Export specialisation

Main export products

share of exports of goods, %, 2024 Source: UN Comtrade, 2024; mirror data from importing countries (the country does not report); shares based on imports of the largest partners. Period: 2024

ores and concentrates91.4%
precious metals and stones (gold, diamonds)3.7%
cocoa and cocoa preparations3.2%
fruit and nuts (including cashews)1.1%
rubber and rubber products0.2%

Main export destinations

share of exports of goods, %, 2024 Source: UN Comtrade, 2024; mirror data from importing countries (the country does not report); shares based on imports of the largest partners. Period: 2024

China79.0%
India7.5%
Malaysia2.9%
Ireland1.6%
Germany1.4%

Investment areas

Alumina and aluminum production
The iron ore project at Simandou and infrastructure
Hydropower
Agriculture

Agreements with Russia

Investment protection

There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.

Absent
Double taxation

There is no double taxation agreement with Russia.

Absent
Visa requirements

Russian citizens holding ordinary passports require a visa

Visa required
Peaceful nuclear energy

No information

Other agreements

Intergovernmental Commission on Trade and Economic Cooperation (operational; meetings held in 2017 and later).
Agreement on Military Cooperation — signing authorized by the Government of the Russian Federation (2024).

Incentives

Main regimes and incentives: Investment Code 2015: incentives by zone and enterprise category (duty exemptions during construction, tax holidays); Mining Code 2011 (amended in 2013).
Type of measure: Tax holidaysDuty exemptionSpecial territorial regimes (SEZ)
Investment agency: APIP-Guinée — Private Investment Promotion Agency (Agence de Promotion des Investissements Privés)