Verified Facts

Official NameRepublic of Guinea
CapitalConakry
Population14.4 million
Area245,857 km² (94,926 sq mi)
LanguagesFrench
CurrencyGuinean franc (Fr)
TimezoneUTC
RegionAfrica / Western Africa
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$4,565 (2024)
Inflation Rate8.1% (2024)
Health Spend per Capita$59 (2023)
Out-of-Pocket Health Spend54.4% (2023)
Education Spend (% GDP)1.7% (2023)
Source: World Bank Open Data

Guinea is generally cheaper than Guinea-Bissau, with an overall cost of living difference of around 15-20%.

Quick Facts

Guinea GDP per Capita (PPP)2,390
Guinea-Bissau GDP per Capita (PPP)1,950
Guinea Inflation Rate7.5%
Guinea-Bissau Inflation Rate2.5%
Overall Winner (Cheaper)Guinea

Overview: Guinea vs Guinea-Bissau

Guinea and Guinea-Bissau are two neighboring countries in West Africa with distinct economic profiles. Guinea has a relatively higher GDP per capita and a more diverse economy, driven by mining, agriculture, and manufacturing. In contrast, Guinea-Bissau's economy is primarily based on agriculture and fishing. The cost of living in Guinea is generally lower, with prices for accommodation, food, and transportation being more affordable. However, Guinea-Bissau has a lower inflation rate, which can contribute to a more stable cost of living.

The economic context of both countries plays a significant role in determining their cost of living. Guinea's economy has experienced significant growth in recent years, driven by investments in the mining sector. This growth has led to an increase in demand for goods and services, which has, in turn, driven up prices. On the other hand, Guinea-Bissau's economy has been relatively stagnant, with a high dependence on foreign aid and a limited private sector. As a result, prices for goods and services in Guinea-Bissau are generally lower, but the country's economy is more vulnerable to external shocks.

Rent & Housing Comparison

ItemGuinea (USD)Guinea-Bissau (USD)Difference
1BR Apartment (City Center)20030033% more expensive in Guinea-Bissau
1BR Apartment (Outside)15020025% more expensive in Guinea-Bissau
3BR Apartment (City Center)40060033% more expensive in Guinea-Bissau

Food & Dining Comparison

ItemGuinea (USD)Guinea-Bissau (USD)Difference
Meal at Restaurant5728% more expensive in Guinea-Bissau
Groceries (monthly)507028% more expensive in Guinea-Bissau
Beer (500ml)2333% more expensive in Guinea-Bissau
Coffee1250% more expensive in Guinea-Bissau

Transport Comparison

ItemGuinea (USD)Guinea-Bissau (USD)Difference
Monthly Transit Pass101533% more expensive in Guinea-Bissau
Taxi (per km)0.5150% more expensive in Guinea-Bissau
Fuel (per liter)0.81.233% more expensive in Guinea-Bissau

Utilities & Internet Comparison

ItemGuinea (USD)Guinea-Bissau (USD)Difference
Utilities (85 sqm apt)507028% more expensive in Guinea-Bissau
Internet (60 Mbps)203033% more expensive in Guinea-Bissau
Mobile Plan101533% more expensive in Guinea-Bissau

Monthly Budget Comparison

Budget TierGuinea (USD)Guinea-Bissau (USD)Savings
Budget40060033% cheaper in Guinea
Mid-Range8001,20033% cheaper in Guinea
Comfortable1,5002,50040% cheaper in Guinea

Where Each Country Wins

  • Guinea is cheaper for:
  • Rent and housing, with prices being 25-33% lower
  • Food and dining, with meals and groceries being 28-50% cheaper
  • Transportation, with monthly transit passes and taxi fares being 33-50% lower
  • Utilities and internet, with prices being 28-33% lower
  • Guinea-Bissau is cheaper for:
  • Some imported goods, due to its proximity to the port city of Bissau
  • Certain types of accommodation, such as guesthouses and hostels
  • Local handicrafts and souvenirs, which can be found at lower prices in Guinea-Bissau
  • Traditional meals and street food, which can be more affordable in Guinea-Bissau

Bottom Line

Guinea offers better value for expats, students, and families due to its lower cost of living and more affordable accommodation options. However, Guinea-Bissau may be more suitable for retirees and those looking for a more relaxed pace of life, as the country has a lower cost of living in certain areas and a more laid-back atmosphere. Ultimately, the choice between Guinea and Guinea-Bissau depends on individual preferences and priorities. Both countries have their unique advantages and disadvantages, and it is essential to research and weigh these factors before making a decision.