Average Salary in Guinea 2024

Unraveling the intricate salary landscape in Guinea, this article delves into various aspects such as the pay scale, wage gap, salary yearly increments, breakdown over education level, and year of experience. Providing valuable insights into the country's compensation system, this comprehensive analysis sheds light on the prevailing salary structures, reveals the extent of wage disparities, and explores the impact of education and experience on earnings. With concise information and SEO optimization, this article is a go-to resource for anyone seeking to understand the nuances of salary practices in Guinea.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Guinea in 2024?

What is the average salary in Guinea in 2024?
2,300USD
(USD 26,700 yearly)
Low 1,000 USD
Average 2,300 USD
High 9,800 USD
The average salary in Guinea is typically USD 2,300 per month. However, salaries can range from USD 1,000 (lowest average) to USD 9,800 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Guinea in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 will be conducted by the year's end.

Pay Scale and Salaries in Guinea

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 9,800, 75% of the people earn USD 3,100 or less. 50% employees earn less USD 2,200 or less, 25% of the employees earn less than USD 1,700.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 9,800, 75% of the people earn USD 3,100 or less. 50% employees earn less USD 2,200 or less, 25% of the employees earn less than USD 1,700.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Guinea the minimum salary is USD 1,000.

Median Salary

With half of the values above and half below it, the median salary in Guinea serves as the middle point of all salaries in a dataset. This measurement provides a more balanced representation of income distribution and is commonly utilized to determine average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Guinea the salary ranges from USD 1,000 to USD 9,800.

Annual Salary Increments in Guinea

What is the average annual salary increment in the Guinea? How frequently do employees receive salary raises?

In 2024, the average salary increase for employees in Guinea was around 0.7%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Guinea experienced approximately 0.7% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.7%.

Historical Graph of Annual Salary Increments in Guinea

Employees based in Guinea have experienced a salary increase averaging 3.0% per year in recent years. This translates to a range of 0.7% to 5.9% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Guinea employees have, on average, received a yearly salary increase of 3.0% in recent years. The increment has ranged from 0.7% to 5.9% per year.

Salary Forecast and Trends for the Future in Guinea

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.2%. Estimated range is between 1.8% and 4.9%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.2%. Estimated range is between 1.8% and 4.9%.

Gender Wage Gap in Guinea

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The wage gap in Guinea currently stands at 7.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay disparity in Guinea is 7.0%.
It's due to many factors, such as:
  • Unequal treatment based on gender.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • Compared to men, women have a lower likelihood of having a college degree.
  • When it comes to caregiving responsibilities for children and elderly relatives, women are more probable than men to take them on.
  • Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
  • Lower-paying occupations are more common among women than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and provides the chance to specialize in a specific area of interest. Additionally, it facilitates valuable networking opportunities and fosters the development of a global mindset. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. epitomizes a lifelong dedication to acquiring knowledge and paving the way for an inspiring and impactful career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 5%-9%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 5%-9%. Expertise and leadership receive higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Guinea

What is the average hourly wage in the Guinea?

Average Hourly Wage
13USD
Low 6 USD
Average 13 USD
High 58 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Planning for expenses and budgeting can be challenging when dealing with hourly wages that result in irregular or fluctuating income.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks normally affiliated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Guinea

What are the best paying jobs in Guinea?

List with best paid jobs in GuineaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Guinea?

  1. Surgeon (USD 9,700)
  2. Doctor (USD 8,800)
  3. Chief Executive Officer (CEO) (USD 8,400)
  4. Registered Nurse Anesthetist (USD 8,200)
  5. Dentist (USD 7,800)
  6. Airline Pilot (USD 7,600)
  7. Intellectual Property Lawyer (USD 7,300)
  8. Marketing Manager (USD 6,500)
  9. Marketing Director (USD 6,500)
  10. Sales Director (USD 6,100)
  11. Sales Manager (USD 6,100)
  12. Petroleum Engineer (USD 6,000)
  13. Brand Manager (USD 5,900)
  14. Marketer (USD 5,900)
  15. Judge (USD 5,800)
  16. Treasurer (USD 5,700)
  17. Controller (USD 5,700)
  18. Pharmacist (USD 5,600)
  19. Tax Lawyer (USD 5,500)
  20. Lawyer (USD 5,500)
List with worst paid jobs in GuineaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Guinea?

  1. Cashier (USD 1,100)
  2. Childcare Worker (USD 1,100)
  3. Stock clerk (USD 1,200)
  4. Elder Care Worker (USD 1,200)
  5. Receptionist (USD 1,200)
  6. Bartender (USD 1,300)
  7. Food and beverage server (USD 1,300)
  8. Janitor (USD 1,300)
  9. Waiter (USD 1,300)
  10. Tour Guide (USD 1,400)
  11. Customer Service Representative (USD 1,600)
  12. Hotel Concierge (USD 1,600)
  13. Rehabilitation Counselor (USD 1,700)
  14. Travel Agent (USD 1,800)
  15. Secretary (USD 1,900)
  16. Painter (USD 1,900)
  17. Carpenter (USD 2,000)
  18. Bus Driver (USD 2,000)
  19. Artist (USD 2,000)
  20. Truck Driver (USD 2,100)
List with best paid industries in GuineaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 6,200)
  2. Business and Management (USD 5,300)
  3. Marketing and Sales (USD 4,900)
  4. Engineering (USD 4,500)
  5. Law (USD 4,300)
  6. Accounting and Finance (USD 4,200)
  7. Computer and Information Technology (USD 4,200)
  8. Transportation and Logistics (USD 4,100)
  9. Science (USD 4,000)
  10. Education and Training (USD 3,300)
  11. Other (USD 2,500)
  12. Hospitality and Tourism (USD 2,100)
  13. Social Services (USD 1,700)
  14. Services (USD 1,600)