Guinea is richly endowed with minerals, possessing an estimated quarter of the world's proven reserves of bauxite, more than 1.8 billion metric tons (2.0 billion short tons) of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium. Guinea also has considerable potential for growth in the agricultural and fishing sectors. Land, water, and climatic conditions provide opportunities for large-scale irrigated farming and agroindustry.Remittances from Guineans living and working abroad and coffee exports account for the rest of Guinea's foreign exchange.

Current GDP per capita of Guinea shrank by 16% in the Nineties.

Since 1985, the Guinean Government has adopted policies to return commercial activity to the private sector, promote investment, reduce the role of the state in the economy, and improve the administrative and judicial framework. The government has eliminated restrictions on agricultural enterprise and foreign trade, liquidated many parastatals, increased spending on education, and vastly downsized the civil service. The government also has made major strides in restructuring the public finances.

Guinea ⁱ/ˈɡɪni/, officially the Republic of Guinea (French: République de Guinée), is a country in West Africa. Formerly known as French Guinea (Guinée française), it is today sometimes called Guinea-Conakry to distinguish it from its neighbour Guinea-Bissau and the Republic of Equatorial Guinea. Guinea has almost 246,000 square kilometres (94,981 sq mi) and a population of 10,057,975. It forms a crescent by curving from its western border on the Atlantic Ocean toward the east and the south. Its northern border is shared with Guinea-Bissau, Senegal, and Mali, the southern one with Sierra Leone, Liberia, and Côte d'Ivoire. The Niger River's source is in the Guinea Highlands in southeastern Guinea.

Guinea is geographically divided into eight administrative regions and subdivided into thirty-three prefectures. Conakry is the capital, largest city and economic centre. The other major cities in the country include Kankan, Nzérékoré, Kindia, Labe, Guéckédou, Mamou and Boke.

Guinea's 10 million people belong to twenty-four ethnic groups. The largest and most prominent groups are the Fula 40%, Mandingo 30%, and Susu 20%.