Guinea—From a Command to a Market Economy

Guinea is often referred to as a geological oddity because it is so richly endowed with mineral resources. The country is the second largest producer of bauxite and has vast untapped reserves of the mineral that can be easily extracted through open pit mining. Guinea also has huge quantities of gold and iron as well as zinc, copper, nickel, marble, and granite. Perhaps even more notable are the country’s supplies of high-quality diamonds. Yet despite this immense wealth, Guinea ranks among the world’s least developed countries.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities

Partnerships for the Goals