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.
Conakry is the capital and largest city of Guinea. 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.
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.
The latest cost of living rank for each of the 13 Basket Groups is now available.