Guinea

Names: conventional long form: Republic of Guinea conventional short form: Guinea local long form: Republique de Guinee local short form: Guinee former: French Guinea

Capital City: Conakry

Population: 9,690,222 (July 2006 est.)

GDP Per Capita: $2,000 (2006 est.)

Currency: Guinean franc (GNF)

Languages: French (official); note - each ethnic group has its own language

Total Area: total: 245,857 sq km land: 245,857 sq km water: 0 sq km slightly smaller than Oregon

Region: Africa

Industries: bauxite, gold, diamonds; alumina refining; light manufacturing and agricultural processing industries

Agriculture: rice, coffee, pineapples, palm kernels, cassava (tapioca), bananas, sweet potatoes; cattle, sheep, goats; timber

Resources: bauxite, iron ore, diamonds, gold, uranium, hydropower, fish, salt

Labor Force: 3 million (1999)
agriculture: 80% industry and services: 20% (2000 est.)

Exports: $615.1 million f.o.b. (2006 est.)
bauxite, alumina, gold, diamonds, coffee, fish, agricultural products

Imports: $730 million f.o.b. (2006 est.)
petroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs

Overview: Guinea possesses major mineral, hydropower, and agricultural resources, yet remains an underdeveloped nation. The country possesses almost half of the world's bauxite reserves and is the second-largest bauxite producer. The mining sector accounts for over 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. Fighting along the Sierra Leonean and Liberian borders, as well as refugee movements, have caused major economic disruptions, aggravating a loss in investor confidence. Panic buying has created food shortages and inflation and caused riots in local markets. Guinea is trying to reengage with the IMF and World Bank, which cut off most assistance in 2003. Growth rose slightly in 2006, primarily due to increases in global demand and commodity prices on world markets, but the standard of living fell. The Guinea franc depreciated sharply as the prices for basic necessities like food and fuel rose beyond the reach of most Guineans. Dissatisfaction with economic conditions prompted nationwide strikes in February and June 2006.

CIA World Book

In 2007 Missouri exported $45,557 in goods to Guinea. This ranks Guinea 183rd among the 223 international buyers of Missouri goods. Missouri exports to Guinea decreased from the previous year by $4,401 a change of -8.81%. State exports to Guinea have decreased over the last 5 years by $103,474 a change of -69.43%. Missouri exports account for .00%. of all 2007 US exports to Guinea.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 149,031 238,146 NA 53,599 49,958 45,557
000 - Total All Industries US 62,937,385 35,787,719 58,515,177 125,043,542 64,741,875 73,539,745
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