Guinea GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Guinea expanded 2 percent in 2013 from the previous year. GDP Annual Growth Rate in Guinea averaged 3.51 Percent from 1987 until 2013, reaching an all time high of 6.31 Percent in 1988 and a record low of -0.30 Percent in 2009. GDP Annual Growth Rate in Guinea is reported by the Central Bank of Republic of Guinea.
||1987 - 2013
Guinea is one of the poorest countries in the world. Guinea’s growth has been significantly short of its potential due to political instability, widespread corruption and underdeveloped infrastructure. Guinea has the largest bauxite reserve in world as well as significant iron, gold and diamond reserves. Yet, Guinea’s chronic inefficiencies drive away most of potential investors. Recent government efforts to fight corruption, regulate the mining sector and improve infrastructure are expected to maintain the positive momentum. This page provides - Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.