United States. Central Intelligence Agency

“ The mining sector accounted for about 75% of exports in 1999. Long-run improvements in government fiscal arrangements, literacy, and the legal framework are needed if the country is to move out of poverty. Fighting along the Sierra Leonean and Liberian borders, as well as refugee movements, have caused major economic disruptions, including a loss in investor confidence. Foreign mining companies have reduced expatriate staff, while panic buying has created food shortages and inflation in local markets. Guinea is not receiving multilateral aid. ”

“ Economy Guinea Economy - overview: Guinea possesses major mineral, hydropower, and agricultural resources, yet remains an underdeveloped nation. The country possesses over 30% of the world's bauxite reserves and is the second-largest bauxite producer. ”

“ Growth should strengthen in 2004, however, because of a slowly improving security situation and increased investor confidence. 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.) ”