Guinea, Conakry Cost of Living April 2010

Country Full Name: The Republic of Guinea.

Location: Guinea is in Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Sierra Leone.

Country Climate: Generally hot and humid; monsoonal-type rainy season (June to November) with southwesterly winds; dry season (December to May) with northeasterly harmattan winds.

Country Terrain: Generally flat coastal plain, hilly to mountainous interior.

Major Languages: French, various tribal languages.

Major Religions: Islam, Christianity, indigenous beliefs.

Country Population: 10.3 million (2008 est.) 10.6 million (2009 est.).

Country Economy: The economy of Guinea has abundant natural resources including 25% or more of the world’s known bauxite reserves. Guinea also has diamonds, gold, and other metals.

Currency: Guinea Franc (GNF).

Country Inflation: 18.4% (2008 est.) 4.9% (2009 est.).

City: Conakry is the capital and largest city of Guinea.

City Economy: Conakry is a port city on the Atlantic Ocean and serves as the economic, financial and cultural center of Guinea. Conakry is Guinea’s largest city and its administrative, communications, and economic center. The city’s economy revolves largely around the port, which has modern facilities for handling and storing cargo, through which alumina and bananas are shipped.

Cost of Living: Conakry has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Conakry is currently ranked 145 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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