Country profile Guinea 2016
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2016-01Author(s)/Corporate Author (s)
United Nations. Economic Commission for Africa. Sub regional office for West Africa;Metadata
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The combined effects of the Ebola epidemic, prolonged low investment in mining, inadequate electricity supply and weak economic diversification resulted in estimated real gross domestic product (GDP) growth of 1.1 per cent in 2014, as against 2.3 per cent in 2013 and 3.9 per cent in 2012. This is significantly below the average of the Economic Community of West African States (ECOWAS) (6.1 per cent) and Africa as a whole (3.4 per cent). Despite the great potential of its agricultural, mineral and energy resources, Guinea faces enormous challenges with regard to access to basic social services. It has one of the highest levels of poverty in the world, 55.7 per cent in 2012, as against 53 per cent in 2007. In terms of strategic policy and development planning, Guinea is in the process of finalizing its Outlook Study 2040, along with its five-year plan for 2016-2020. Implementation of these strategic development policy instruments will follow implementation of the post-Ebola socioeconomic recovery strategy 2015-2017, adopted in June 2015, the objective of which is to maintain macroeconomic stability in order to foster investment and poverty reduction. If this objective is to be achieved, the economy will have to be made more resilient to external shocks by diversifying the productive base.
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“United Nations. Economic Commission for Africa. Sub regional office for West Africa (2016-01). Country profile Guinea 2016. Addis Ababa. © UN. ECA. https://hdl.handle.net/10855/23769”Collections
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