mbassador (vacant); Chancery at
2112 Leroy Place NW, Washington DC 20008; telephone (202) 483-9420;

US--Ambassador Dane F. SMITH, Jr.; Embassy at 2nd Boulevard and 9th
Avenue, Conakry (mailing address is B. P. 603, Conakry); telephone (224)
44-15-20 through 24

_#_Flag: three equal vertical bands of red (hoist side), yellow, and
green; uses the popular pan-African colors of Ethiopia; similar to the
flag of Rwanda which has a large black letter R centered in the
yellow band

_*_Economy
_#_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 theworld's
bauxite reserves; exports of bauxite and alumina accounted for
about 70% of total exports in 1989.

_#_GDP: $2.7 billion, per capita $380; real growth rate 4.4%
(1989 est.)

_#_Inflation rate (consumer prices): 28.2% (1989 est.)

_#_Unemployment rate: NA%

_#_Budget: revenues $394 million; expenditures $548 million, including
capital expenditures of $254 million (1989 est.)

_#_Exports: $645 million (f.o.b., 1989 est.);

commodities--alumina, bauxite, diamonds, coffee, pineapples,
bananas, palm kernels;

partners--US 33%, EC 33%, USSR and Eastern Europe 20%, Canada

_#_Imports: $551 million (c.i.f., 1989 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
(1970-87), $1,075 million; OPEC bilateral aid (1979-89), $120 million;
Com