Diplomatic representation from the US: chief of mission: Ambassador Joyce E. LEADER embassy: Rue Ka 038, Conakry mailing address: B. P. 603, Conakry telephone: 41 15 20, 41 15 21, 41 15 23 FAX: 41 15 22
Flag description: 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
Economy - overview: Guinea possesses major mineral, hydropower, and agricultural resources, yet remains a poor underdeveloped nation. The agricultural sector employs 80% of the work force. Guinea possesses over 25% of the world's bauxite reserves and is the second largest bauxite producer. The mining sector accounted for about 75% of exports in 1998. Long-run improvements in government fiscal arrangements, literacy, and the legal framework are needed if the country is to move out of poverty. The government made encouraging progress in budget management in 1997-99. Even with a recovery in prices for some of Guinea's main commodity exports, annual GDP is unlikely to increase by more than 5% in 2000-2001.
GDP: purchasing power parity - $9.2 billion (1999 est.)
GDP - real growth rate: 3.7% (1999 est.)
GDP - per capita: purchasing power parity - $1,200 (1999 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)