industry, foreign investment remains minimal but is expected to pick
up in 1999.

GDP: purchasing power parity--$8.8 billion (1998 est.)

GDP--real growth rate: 4.9% (1998 est.)

GDP--per capita: purchasing power parity?$1,180 (1998 est.)

GDP--composition by sector:
agriculture: 24%
industry: 31%
services: 45% (1996 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: 0.9%
highest 10%: 31.7% (1991)

Inflation rate (consumer prices): 3.5% (1998 est.)

Labor force: 2.4 million (1983)

Labor force--by occupation: agriculture 80%, industry and commerce
11%, services 5.4%, civil service 3.6%

Unemployment rate: NA%

Budget:
revenues: $553 million
expenditures: $652 million, including capital expenditures of $317
million (1995 est.)

Industries: bauxite, gold, diamonds; alumina refining; light
manufacturing and agricultural processing industries

Industrial production growth rate: 3.2% (1994)

Electricity--production: 525 million kWh (1996)

Electricity--production by source:
fossil fuel: 63.81%
hydro: 36.19%
nuclear: 0%
other: 0% (1996)

Electricity--consumption: 525 million kWh (1996)

Electricity--exports: 0 kWh (1996)

Electricity--imports: 0 kWh (1996)

Agriculture--products: rice, coffee, pineapples, palm kernels,
cassava (tapioca), bananas, sweet potatoes; cattle, sheep, goats;
timber

Exports: $695 million (f.o.b., 1998 est.)

Exports--commodities: bauxite, alumina, diamonds, gold, coffee,
fish, agricultural products

Exports--partners: Russia, US, Belgium, Ukraine, Ireland, Spain
(1997)

Imports: $560 million (f.o.b., 1998 est.)

Imports--commodities: petroleum products, metals, machinery,
transport equipment, textiles, grain and other foodstuffs (1997)

Imports--partners: France, Cote d'Ivoire, US, Belgium, Hong Kong
(1997)

Debt--external: $3.15 billion (1998 est.)

Economic aid--recipient: $433.6 million (1995)

Currency: 1 Guinean franc (FG) = 100 centimes

Exchange rates: Guinean francs (FG) per US$1--1,292.5 (January
1999), 1,095.3 (1997), 1,004.0 (1996), 991.4 (1995), 976.6 (1994)
note: the official exchange rate of the Guinean franc was set and
quoted weekly against the US dollar until the end of October 1993;
since 1 November 1994, the exchange rate is determined in the
interbank market for foreign exchange

Fiscal year: calendar year

Communicat