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Guinea possesses major mineral, hydropower, and agricultural resources, yet remains an underdeveloped nation. The country has almost half of the world's bauxite reserves. The mining sector accounts for more than 70% of exports. Long-run improvements in government fiscal arrangements, literacy, and the legal framework are needed if the country is to move out of poverty. Investor confidence has been sapped by rampant corruption, a lack of electricity and other infrastructure, a lack of skilled workers, and the political uncertainty because of the death of President Lansana CONTE in December 2008. International dono...  More..

Economy of Guinea
SOURCE: CIA - The World Factbook
Currency Guinean Franc
GDP (PPP) $10.48 billion (2009 est.)
GDP (per capita) $1,000 (2009 est.)
Exports $965 million (2009 est.)
Imports $1.122 billion (2009 est.)
Main Industries Bauxite, Gold, Diamonds, Iron; Alumina Refining; Light Manufacturing, and Agricultural Processing
Exports - Commodities Bauxite, Alumina, Gold, Diamonds, Coffee, Fish, Agricultural Products
Imports - Commodities Petroleum Products, Metals, Machinery, Transport Equipment, Textiles, Grain and Other Foodstuffs
Exports Partners India 17.8%, Spain 11.5%, Russia 10.8%, Germany 7.7%, US 6.7%, Ireland 4.8%, France 4.7%, Ukraine 4.2% (2008)
Imports Partners China 15.4%, France 12.5%, Netherlands 12.2%, Spain 4.8%, US 4.7%, Belgium 4.6%, India 4.2% (2008)

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