, DC 20008
telephone:
(202) 483-9420
US diplomatic representation:
chief of mission:
Ambassador Dane F. SMITH, Jr.
embassy:
2nd Boulevard and 9th Avenue, Conakry
mailing address:
B. P. 603, Conakry
telephone: (224) 44-15-20 through 24
FAX:
(224) 44-15-22
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

*Guinea, 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 the world's bauxite reserves; exports of bauxite and
alumina accounted for about 70% of total exports in 1989.
National product:
GDP - exchange rate conversion - $3 billion (1990 est.)
National product real growth rate:
4.3% (1990 est.)
National product per capita:
$410 (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)
countri