Below are select highlights for the data included in the profile.
- Guinea’s overall Doing Business 2013 ranking is 158 out of 185 economies, a 3 point increase compared to last year. This increase reflects a 26 point jump in both the Starting a Business and Getting Electricity indicators.
- According to the latest Enterprise Surveys (2006), the top 3 obstacles to running a business in Guinea include Electricity, Transportation and Access to Finance. Only 6.0% of businesses in Guinea have a line of credit or loan from a financial institution, compared to the regional average of 22.7%. As regards to Lack of Electricity, Guinean firms report that 31.5 outages in a typical month (compared to 8.9 for the region and 7.4 for all countries surveyed).
- Guinea’s economic freedom score is 50.8, making its economy the 141st freest in the 2012 Index. Its overall score is 0.9 point lower than last year, with improvements in freedom from corruption and investment freedom more than offset by declines in regulatory efficiency and the management of government finances. Guinea is ranked 30th out of 46 countries in the Sub-Saharan Africa region, and its overall score is below the world and regional averages.*
* Source: The Heritage Foundation Index of Economic Freedom, http://www.heritage.org/index/