International Trade in Guinea

International Trade in Guinea

In spite of its considerable economic potential, Guinea has been having problems to start up its growth. The slump which resulted from slips in the implementation of economic reforms has been accentuated by the global financial crisis and the domestic socio-political crisis. The economy... Read more

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Market Analyses About Guinea (27)

Import and Export Services in Guinea (45)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Guinea

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • Siguiri Gold and Diamond local mining community co
    Dear Mr/Madam, We are looking for partner in building a local mining company or serious cash buyers of Au Gold and rough/uncut...

Business Tips About Guinea (15)

Agents and Distributors in Guinea (10)

  • D.Phine Co. Canada

    D.Phine Co. Canada

    Economic Research, Guinea

    - Promotion des investissements industriels et commerciaux - Marketing, stratégies et développement économique...
  • GK Supply

    GK Supply

    Machinery Sales and Distribution, Guinea

    Gaffney-Kroese Supply Corp. is a global provider of industrial equipment, machinery, instruments, apparatus and supplies to all types of...

Overview About International Trade in Guinea

Economic Overview

In spite of its considerable economic potential, Guinea has been having problems to start up its growth. The slump which resulted from slips in the implementation of economic reforms has been accentuated by the global financial crisis and the domestic socio-political crisis. The economy contracted by 0.3% in 2009, mainly because of the sharp drop in aluminum prices, the primary derivative of the country's exports. Political stabilization and economic recovery have enabled the growth to rise to 3% in 2010. It is expected to strenghten in 2011. The country's growth is driven by exports and investment in the mining sector.

The new government has shown its willingness to resume dealings the the international financial institutions and to implement economic and social measures within the Poverty Reduction and Growth Facility (PRGF), negotiatied for the period of 2007-2010 with the IMF btu cancelled after the state coup lead by Dadis Camara. The improvement in public finances management, the reform of the financial system and the support of the social sector are the main paths followed by the government.

Guinea is a poor country with per capita real income declining by

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