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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Guinean economy jumped by 51.2%, after
that Conakry has completed a long-awaited reassessment of its product
gross domestic product, by adopting the 2008 system of national accounts of
United Nations.
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Guinea became the second largest economy in the UEMOA after its resizing.
This Revision brings Guinea's GDP to over 37
billion euros (40 billion dollars), which allows it to be ahead of the
Senegal as the second largest economy in French-speaking West Africa,
behind Ivory Coast. The debt-to-GDP ratio and other ratios are improving
on paper, although underlying fiscal pressures remain
unchanged. The IMF predicts
an expansion of 6.5% in 2025, which will reach around 10% the following year,
When the Simandou iron ore project, worth 15 billion
dollars, will go into production.
Country has also obtained its first sovereign rating. S&P awarded to the Guinea rated it B+ with a stable outlook on September 18, thus opening the way to its first international bond sale.
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