Market Research In Guinea

Guinea Profile:

  • Guinea, officially the Republic of Guinea, is a country on the western coast of Africa.
  • Currently, Guinea is negotiating a new IMF program which will be based on Guinea’s new five-year economic plan, focusing on the development of higher value-added products, including from the agro-business sector and development of the rural economy.
  • Guinea’s economy is largely dependent on agriculture and mineral production. It is the world’s second-largest producer of bauxite and has rich deposits of diamonds and gold.
  • Guinea’s foreign relations, including those with its West African neighbors, have improved steadily since 1985.
  • Guinea has considerable potential for growth in agricultural and fishing sectors. Soil, water, and climatic conditions provide opportunities for large-scale irrigated farming and agro-industry

Guinea Economy:

  • Guinea is a poor country and possesses the world’s largest reserves of bauxite and largest untapped high-grade iron ore reserves, as well as gold and diamonds.
  • The economy, however, grew by 5.2% in 2016, mainly due to growth from bauxite mining and thermal energy generation as well as the resiliency of the agricultural sector. Agriculture employs 80% of the nation’s labor force
  • Guinea’s hydro potential is enormous and the country could be a major exporter of electricity.
  • International investors have shown interest in Guinea’s unexplored mineral reserves, which have the potential to propel Guinea’s future growth.
  • The biggest threats to Guinea’s economy are political instability, a reintroduction of the Ebola virus epidemic, and low international commodity prices

Guinea Facts:

  • Population: 12.4 million
  • Capital: Conakry
  • Largest city: Conakry
  • Area: 245,857 sq km
  • Major language: French (official)
  • Major religion: Muslim 86.2%, Christian 9.7%, animist/other/none 4.1%
  • Life expectancy: 59.5 years (Male), 62.6 years (Female)
  • Monetary unit: 1 Guinea Franc(G.Fr., GNF) = 100 Centimes
  • Main exports: Bauxite, gold, diamonds, coffee, fish, agricultural products
  • GNI per Capita: $1,850

Our Market Research Services in Guinea:

We Employ A Wide Range of Research Techniques in Guinea:

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