Country Snapshot - Guinea  

HighlightsRankingsQuantitative DataLegislationAnalytical WorkProject Portfolio
  • Sub-Saharan Africa
  • Low income
  • 11,451,273 (2013)
  • 460
Guinea Flag
Below are select highlights for the data included in the profile.

  1. Guinea is ranked 175th out of 189 economies in Doing Business 2014, recording a four-point increase compared to 2013. In 2014, the country implemented several positive reforms that made it easier to start a business, register property, and trade across borders this year.
  2. According to the latest Enterprise Surveys data (2006), the top three business environment constraints experienced by private sector firms in Guinea are electricity, transportation and access to finance. In a typical month, the number of electrical outages reported by all firms surveyed is 31.5 (with a typical duration of 6.3 hours), compared to 8.0 in the region, and 5.3 in the world.
  3. Guinea’s economic freedom score is 53.5, making its economy the 133rd freest in the Heritage Foundation’s Index 2014. Its overall score is 2.3 points higher than last year, with notable improvements in half of the 10 economic freedoms including investment freedom, labor freedom, and business freedom. Guinea is ranked 27th out of 46 countries in the Sub-Saharan Africa region, and its overall score is below the world and regional averages. The overall entrepreneurial environment remains severely constrained. An overbearing regulatory framework, exacerbated by poor access to credit and high financing costs, stifles economic activity and hurts business expansion and the development of a vibrant private sector. Corruption, perceived as widespread, is a serious problem.*