Overview: In 2019 Guinea was the number 136 economy in the world in terms of GDP (current US$), the number 108 in total exports, the number 139 in total imports,
the number 165 economy in terms of GDP per capita (current US$) and the number 153 most complex economy according to the Economic Complexity Index (ECI)
In 2019, Guinea exported a total of $6.08B, making it the number 108 exporter in the world. During the last five reported years the exports of Guinea have changed by $2.77B from $3.31B in 2014 to $6.08B in 2019.
In 2019 Guinea imported $4.41B, making it the number 139 trade destination in the world. During the last five reported years the imports of Guinea changed by $362M from $4.04B in 2014 to $4.41B in 2019.
In 2013, Guinea exported $98.2M worth of services. The top services exported by Guinea in 2013 were Telecommunications services ($63.6M), Audiovisual and related services ($12.2M), Sea transport ($8.27M), Miscellaneous business, professional, and technical services ($8.09M), and Government services, n.i.e. ($3.2M).
The top services imported by Guinea in 2013 were Sea transport ($258M), Miscellaneous business, professional, and technical services ($185M), Government services, n.i.e. ($77.9M), Insurance services ($47.8M), and Personal travel ($39M).
*The tariffs applied to imports for Guinea are:136: Most Favoured Nation duty rate treatement323: Preferential tariff for UEMOA (French: Union Economique et Monétaire Ouest-Africaine)
During the last 20 years Guinea's economy has become relatively less complex, moving from the 139th to the 153rd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.