Overview In 2020 Guinea was the number 119 economy in the world in terms of GDP (current US$), the number 82 in total exports, the number 135 in total imports,
the number 167 economy in terms of GDP per capita (current US$) and the number 124 most complex economy according to the Economic Complexity Index (ECI).
In 2020, Guinea exported a total of $11.6B, making it the number 82 exporter in the world. During the last five reported years the exports of Guinea have changed by $8.98B from $2.63B in 2015 to $11.6B in 2020.
In 2019, Guinea exported $77.7M worth of services. The top services exported by Guinea in 2019 were Computer and information services ($50.6M), Other business services ($11.4M), Business travel ($9.22M), Financial services ($3.66M), and Insurance services ($1.56M).
The top services imported by Guinea in 2019 were Transportation ($417M), Other business services ($160M), Construction services ($75.6M), Computer and information services ($53.7M), and Insurance services ($50.1M).
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 a country currently specializes in.
This network shows the products most related to the production structure of Guinea. These are products that tend to be co-exported with the products that Guinea exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is 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 greenhouse emissions.
During the last 13 years Guinea's economy has become relatively less complex, moving from the 114th to the 124th 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.