Flag: three equal horizontal bands of light green (top), white, and light blue
- Economy Overview: The economic and social infrastructure is not well developed. Subsistence agriculture dominates the economy, generating about one-third of GDP and employing about two-thirds of the working population. Manufacturing accounts for less than 10% of GDP, consisting mainly of the processing of raw materials and of light manufacturing for the domestic market. Diamond mining provides an important source of hard currency. The economy suffers from high unemployment, rising inflation, large trade deficits, and a growing dependency on foreign assistance.
GDP: $965 million, per capita $250; real growth rate 1.8% (FY87)
Inflation rate (consumer prices): 42% (September 1988)
Unemployment rate: NA%
Budget: revenues $86 million; expenditures $128 million, including capital expenditures of $NA (FY90 est.)
Exports: $106 million (f.o.b., 1988); commodities—rutile 50%, bauxite 17%, cocoa 11%, diamonds 3%, coffee 3%; partners—US, UK, Belgium, FRG, other Western Europe
Imports: $167 million (c.i.f., 1988); commodities—capital goods 40%, food 32%, petroleum 12%, consumer goods 7%, light industrial goods; partners—US, EC, Japan, China, Nigeria
External debt: $805 million (1989 est.)
Industrial production: growth rate - 19% (FY88 est.)