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Guinea Economy
GDP:
purchasing power parity - $19.02 billion (2003 est.)
GDP - real growth rate:
3% (2003 est.)
GDP - per capita:
purchasing power parity - $2,100 (2003 est.)
GDP - composition by sector:
agriculture: 24.9%
industry: 38.2%
services: 36.9% (2003 est.)
Investment (gross fixed):
21.2% of GDP (2003)
Population below poverty line:
40% (2003 est.)
Household income or consumption by percentage share:
lowest 10%: 2.6%
highest 10%: 32% (1994)
Distribution of family income - Gini index:
40.3 (1994)
Inflation rate (consumer prices):
14.8% (2003 est.)
Labor force:
3 million (1999)
Labor force - by occupation:
agriculture 80%, industry and services 20% (2000 est.)
Unemployment rate:
NA (2002 est.)
Budget:
revenues: $410.7 million
expenditures: $708.5 million, including capital expenditures of $NA million (2003 est.)
Industries:
bauxite, gold, diamonds; alumina refining; light manufacturing and agricultural processing industries
Industrial production growth rate:
3.2% (1994)
Electricity - production:
790.6 million kWh (2001)
Electricity - production by source:
fossil fuel: 45.5%
hydro: 54.5%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
735.2 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
8,600 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Agriculture - products:
rice, coffee, pineapples, palm kernels, cassava (tapioca), bananas, sweet potatoes; cattle, sheep, goats; timber
Current account balance:
$-252 million (2003)
Exports:
$726 million f.o.b. (2003 est.)
Exports - commodities:
bauxite, alumina, gold, diamonds, coffee, fish, agricultural products
Exports - partners:
South Korea 21.7%, Spain 9.8%, US 9.2%, France 8.4%, Russia 8.3%, Ukraine 8.1%, Ireland 7.2%, Belgium 5.8%, Germany 5.1% (2003 est.)
Imports:
$646 million f.o.b. (2003 est.)
Imports - commodities:
petroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs
Imports - partners:
France 16.7%, China 9.3%, Belgium 7.1%, Italy 6.5%, Netherlands 5.4%, UK 5.4%, Cote d'Ivoire 4.8%, US 4.5% (2003 est.)
Reserves of foreign exchange & gold:
$191 million (2003)
Debt - external:
$3.25 billion (2001 est.)
Economic aid - recipient:
$359.2 million (1998)
Currency code:
GNF
Fiscal year:
calendar year
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