Economy (Guinea)
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     Overview:
         Although possessing many natural resources and considerable potential for
         agricultural development, Guinea is one of the poorest countries in the
         world. The agricultural sector contributes about 40% to GDP and employs more
         than 80% of the work force, while industry accounts for 27% of GDP. Guinea
         possesses over 25% of the world's bauxite reserves; exports of bauxite and
         alumina accounted for about 70% of total exports in 1989.
     GDP:
         exchange rate conversion - $3.0 billion, per capita $410; real growth rate
         4.3% (1990 est.)
     Inflation rate (consumer prices):
         19.6% (1990 est.)
     Unemployment rate:
         NA%
     Budget:
         revenues $449 million; expenditures $708 million, including capital
         expenditures of $361 million (1990 est.)
     Exports:
         $788 million (f.o.b., 1990 est.)
       commodities:
         alumina, bauxite, diamonds, coffee, pineapples, bananas, palm kernels
       partners:
         US 33%, EC 33%, USSR and Eastern Europe 20%, Canada
     Imports:
         $692 million (c.i.f., 1990 est.)
       commodities:
         petroleum products, metals, machinery, transport equipment, foodstuffs,
         textiles, and other grain
       partners:
         US 16%, France, Brazil
     External debt:
         $2.6 billion (1990 est.)
     Industrial production:
         growth rate NA%; accounts for 27% of GDP
     Electricity:
         113,000 kW capacity; 300 million kWh produced, 40 kWh per capita (1989)
     Industries:
         bauxite mining, alumina, gold, diamond mining, light manufacturing and
         agricultural processing industries
     Agriculture:
         accounts for 40% of GDP (includes fishing and forestry); mostly subsistence
         farming; principal products - rice, coffee, pineapples, palm kernels,
         cassava, bananas, sweet potatoes, timber; livestock - cattle, sheep and
         goats; not self-sufficient in food grains
     Economic aid:
         US commitments, including Ex-Im (FY70-89), $227 million; Western (non-US)
         countries, ODA and OOF bilateral commitments (1970-89), $1,465 million; OPEC
         bilateral aid (1979-89), $120 million; Communist countries (1970-89), $446
         million
     Currency:
         Guinean franc (plural - francs); 1 Guinean franc (FG) = 100 centimes
     Exchange rates:
         Guinean francs (FG) per US$1 - 675 (1990), 618 (1989), 515 (1988), 440
         (1987), 383 (1986)
     Fiscal year:
         calendar year