Guinea - Economy

Изображение-2: 

GDP per capita – 967 US dollars (2018, at current prices, UNCTAD).
GDP – 12 bln US dollars (2018, at current prices, UNCTAD).
GDP - gross domestic product

Exports (marchandise) – 4 bln US Dollars (2018, at current prices, UNCTAD).
Imports (marchandise) – 3,4 bln US Dollars (2018, at current prices, UNCTAD).

Exports (services) – 94 mln US Dollars (2018, at current prices, UNCTAD).
Imports (services) – 767 mln US Dollars (2018, at current prices, UNCTAD).

Main export commodities - bauxite, alumina, gold, diamonds, coffee, fish, agricultural products.
Main import commodities - petroleum products, metals, machinery, transport equipment, textiles, grain and other foodstuffs.

Economy overview
Guinea possesses major mineral, hydropower, and agricultural resources, yet remains an underdeveloped nation. The country has almost half of the world's bauxite reserves. The mining sector accounts for more than 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 www.cia.gov/library/publications/the-world-factbook/geos/gv.html

Main sectors of economy
Guinea is richly endowed with minerals, possessing an estimated quarter of the world's proven reserves of bauxite (25% or more of the world's known reserves), more than 1.8 billion metric tons (2.0 billion short tons) of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium. Bauxite and alumina are currently the only major exports. Guinea also has considerable potential for growth in the agricultural, for fishing sectors and for hydroelectric power. Agriculture employs 80% of the nation's labor force. Other industries include processing plants for beer, juices, soft drinks and tobacco. Land, water, and climatic conditions provide opportunities for large-scale irrigated farming and agroindustry. Remittances from Guineans living and working abroad and coffee exports account for the rest of Guinea's foreign exchange www.en.wikipedia.org/wiki/Economy_of_Guinea

Finance
The currency of Guinea is the Guinean franc (French: franc guinéen, code: GNF). The first Guinean franc was introduced in 1959 to replace the CFA franc. The Guinean franc was reintroduced as Guinea's currency in 1985, at par with the syli.
The coins came in denominations of 1, 5 and 10 francs, with 25 francs (1987) and 50 francs (1994) added later. Banknotes were issued in denominations of 25, 50, 100, 500, 1000 and 5000 francs. A second series issued in 1998 dropped the 25 and 50 francs banknotes, since they had been replaced by coins. 2006, third issue were introduced in denomination of 500, 1000 and 5000 francs that are similar to previous issues. On 11 June 2007, a 10,000 franc was issued www.en.wikipedia.org/wiki/Guinean_franc

Exchange Rate
1 US Dollar = 9070 GHF, 1 euro = 9678,28 GHF (13.04.2017)
www.finance.yahoo.com/currency-converter