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EIU Guinea

Overview

The long anticipated death of the president, Lansana Conte, in December 2008 has raised serious questions about what will replace the political system that existed under him. The Economist Intelligence Unit expects that the military junta, Conseil national pour la democratie et le developpement (CNDD), headed by Captain Moussa Dadis Camara, will eventually bend to domestic and international pressure and organise both legislative and presidential polls in 2010. However, there is a risk that internal squabbles within the CNDD could derail the democratic transition. In addition, it remains unclear whether Captain Camara will keep his promise of not standing in the forthcoming presidential poll. Real GDP growth is expected to contact in 2009 to 1%, as activity in the mining sector falls and the reduction in donor inflows affects the construction sector. However, real GDP growth is forecast to accelerate to 3% in 2010, as mining output recovers some ground and higher donor inflows boost private demand. Lower international oil and food prices will help inflation to fall to an average of 9% in 2009 and 7.5% in 2010.

Key Reports Available for Guinea
  • Country Report
  • Country Profile
  • Country Risk Service
  • Basic Data

    Land area
    245,857 sq km
    Population
    9.4m (mid-2007 US Census Bureau estimate)
    Main towns
    Conakry (capital; 2.1m)
    N'Zerekore (225,000)
    Guekedou (220,000)
    Kankan (200,000)
    Kindia (180,000)
    Kissidougou (120,000)
    Boke (116,000)
    Fria (110,000)
    Climate
    Humid tropical along the coast; upland tropical in the Fouta Djallon; savannah in the north-east; subequatorial in the Forest region
    Weather in Conakry (altitude 7 metres)
    Hottest month, May, 24-35°C; coolest month, August, 22-28°C. Driest month, January, 3 mm average rainfall; wettest month, July, 1,300 mm average rainfall
    Languages
    French (official), Pular (Peuhl), Mandingue (Malinke) and Soussou
    Measures
    Metric system
    Currency
    Guinean franc (Gnf). Average exchange rate in 2007: Gnf:4,537.2US$1; October 16th 2008: Gnf:5,143:US$1
    Time
    GMT
    Public holidays
    January 1st; April 3rd (anniversary of the inauguration of the Second Republic); May 1st; August 15th (Assumption); October 2nd (Independence Day); November 1st (Army Day); December 25th.
    The principal Islamic holidays—Fitr, Tabaski and Mouloud—are based on the lunar calendar and vary from year to year
    SOURCE: Country Profile


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