APPENDIX A COUNTRY DATA 1. PROFILE: POPULATION (MILLIONS): 7.3 POPULATION GROWTH (%): 2.8 RELIGION: PREDOMINANTLY MUSLIM GOVERNMENT SYSTEM: DEMOCRACY LANGUAGES: OFFICIAL LANGUAGE: FRENCH SOSSOU, FULA, MALINKE, OTHER LOCAL LANGUAGES WORK WEEK: MONDAY - FRIDAY (1PM) 2. DOMESTIC ECONOMY: 1991 1992 1993 GDP (CURRENT DOLLARS) 2,312 2,760 3,206 GDP PER CAPITA 330 388 439 GDP GROWTH (PERCENT) 2.4 3.0 4.0 INFLATION (END OF PD) 27.1 16.1 4.9 GOVERNMENT FINANCES NATIONAL BUDGET 720 756 740 GROSS RESERVES 139 155 162 OFFICIAL RESERVES 3.6 3.5 3.3 MONEY SUPPLY GROWTH (PERCENT) 34.8 23.7 23.4 GROSS DOM. INVEST. (PERCENT OF GDP) 15.2 17.6 16.1 BALANCE OF PAYMENTS 1991 1992 1993 -------------------------- EXPORTS, FOB 755 622 590 IMPORTS, CIF 742 769 837 TRADE BALANCE 13 -142 -247 CURRENT ACCOUNT BALANCE -202 -303 -338 OVERALL BALANCE -68 -83 FOREIGN DEBT (YEAR END) 2,401 2,538 2,153 DEBT SERVICE 67 54 76 DEBT SERVICE RATIO 32 30 12 AVG. EXCHANGE 754 902 972 (GF=USD1) (NOTE: CURRENT ACCOUNT BALANCE INCLUDES TRANSFERS) (1994, 1995 NOT AVAILABLE) 3. TRADE (A) OVERALL TRADE 1991 1992 1993 ----------------------- TOTAL EXPORTS, FOB 755 622 590 TOTAL IMPORTS, CIF 742 769 837 U.S. EXPORTS (FAS) 88 60 59 U.S. IMPORTS (CIF) 138 101 118 U.S. TRADE BALANCE -50 -41 -59 U.S. SHARE OF GUINEAN EXPORTS (PERCENT) 18 16 20 U.S. SHARE OF GUINEAN IMPORTS (PERCENT) 12 7.8 7.0 U.S. BILATERAL AID 40.3 35.1 37.1 (SOURCE: U.S. DEPARTMENT OF COMMERCE) (B) IMPORTS OF MANUFACTURED GOODS: (INCLUDES EQUIPMENT, INTERMEDIATE, AND MANUFACTURED CONSUMABLE GOODS CATEGORIES) TOTAL: 507.3 MILLION USD FROM THE U.S.: 24.4 MILLION USD U.S. SHARE OF MANUFACTURED IMPORTS: 4.8 PERCENT GUINEA'S MANUFACTURED GOODS TRADE BALANCE WITH THE U.S.: -24.3 PROJECTED AVERAGE ANNUAL GROWTH RATE FROM WORLD: MINISTRY OF PLAN AND FINANCE STATISTICS PROJECT GROWTH OF MANUFACTURED GOODS IMPORTS (PER CATEGORIES ABOVE) TO 513.7 MILLION USD IN 1994; 561.8 MILLION USD IN 1995; AND 591.3 MILLION USD IN 1996, GROWTH RATES OF 1.3 PERCENT IN 1994, 9.4 PERCENT IN 1995, AND 5.3 PERCENT GROWTH IN 1996. PROJECTED AVERAGE ANNUAL GROWTH RATE FROM THE U.S.: NOT AVAILABLE. (C) IMPORTS OF AGRICULTURAL GOODS: TOTAL: 166.6 MILLION USD TOTAL FROM THE U.S.: 27.4 MILLION USD U.S. SHARE OF AGRICULTURAL IMPORTS: 16.4 PERCENT GUINEA'S AGRICULTURAL GOODS TRADE BALANCE WITH THE U.S.: 26.8 MILLION USD PROJECTED AVERAGE ANNUAL GROWTH RATE FROM WORLD: MINISTRY OF PLAN AND FINANCE STATISTICS PROJECT A DECLINE IN AGRICULTURAL GOODS IMPORTS TO 165.1 MILLION USD IN 1994; 163.6 MILLION USD IN 1995; AND 162.1 MILLION USD IN 1996, OR ONE PERCENT ANNUALLY UNTIL 1996. PROJECTED AVERAGE ANNUAL GROWTH RATE FROM THE U.S.: NOT AVAILABLE. (D) PRINCIPAL U.S. EXPORTS TO GUINEA: (VALUE IN THOUSANDS OF USD, FOB) 1. CIGARETTES: 12,000 2. RICE: 10,600 * 3. BITUMINOUS MIXTURE, ASPHALT BASED: 1,500 4. CONDIMENTS AND SAUCES: 1,400 5. CONVEYOR BELTS: 1,300 * INCLUDES USAID PL480 RICE PROCUREMENT (E) OTHER U.S. EXPORTS TO GUINEA: (VALUE IN THOUSANDS OF USD, FOB) SERVICE VEHICLES 1,100 USED CLOTHING 836 DIESEL-ELECTRIC LOCOMOTIVES 834 MOTOR VEHICLES FOR PASSENGERS 775 ACRYLIC POLYMERS 404 FLOUR 363 PLYWOOD 344 IRON AND STEEL PIPES 278 PAINTS 269 CHEMICAL PRODUCTS 256 (F) PRINCIPAL U.S. IMPORTS FROM GUINEA: (VALUE IN THOUSANDS OF USD, C.I.F.) 1. ALUMINUM ORES AND CONCENTRATES: 130,314 2. ALUMINA: 5,229 3. CRUDE OIL OR OIL FROM BITUMINOUS METALS: 4,837 4. DIAMONDS: 4,332 5. GOLD: 1,503 (G) OTHER U.S. IMPORTS FROM GUINEA INCLUDE: UREINES AND THEIR DERIVATIVE SALTS: 156 ANTIQUES EXCEEDING 100 YEARS IN AGE: 125 COFFEE, NOT ROASTED, NOT DECAFFEINATED: 122 COFFEE, NOT ROASTED, DECAFFEINATED: 57 BLACK TEA: 77 LIVE ANIMALS: 57 (H) GUINEA'S LEADING TRADE PARTNERS IN 1993: GUINEA'S PRIMARY IMPORT SUPPLIERS ARE FRANCE, SPAIN, CHINA, BELGIUM, AND THE IVORY COAST. GUINEA'S PRINCIPAL EXPORT MARKETS ARE FRANCE, THE U.S., CANADA, THE FORMER SOVIET UNION, ITALY, BRAZIL, NORWAY, AND CAMEROON. 4. FOREIGN DIRECT INVESTMENT STATISTICS: THERE IS NO DATA AVAILABLE ON FOREIGN DIRECT INVESTMENT, BUT INVESTMENT TRENDS ARE INDICATIVE. IN 1977-78, THE FIRST REPUBLIC BEGAN A PROCESS OF RE-OPENING TO THE WESTERN WORLD, AFTER THE DRAMATIC FAILURE OF SOCIALIST POLICIES. THE REAL LIBERALIZATION, HOWEVER, DID NOT OCCUR UNTIL THE OUTSET OF THE SECOND REPUBLIC, WITH THE DECLARATION OF NEW POLICIES DESIGNED TO PROMOTE A MARKET ECONOMY, IN 1984- 85. THUS, GIVEN GUINEA'S ENORMOUS POTENTIAL, AND LARGELY UNTAPPED RESOURCES, 1986 THROUGH 1988 WITNESSED AN INITIAL INVESTMENT BOOM. ACCORDING TO A GUINEAN PLANNER, IT WAS THE PUBLIC SECTOR THAT BRAKED THIS INVESTMENT, AS ADMINISTRATIVE DIFFICULTY AND CORRUPTION BEGAN TO TAKE THEIR TOLL. 1989 MARKED THE BEGINNING OF THE STAGNATION OF THE FOREIGN BUSINESS SECTOR, AND A PERIOD OF DISINVESTMENT FOLLOWED. SINCE 1991, INVESTMENT HAS BEEN MODERATE; ACCORDING TO GOG OFFICIALS, MANY INVESTORS ARE AWAITING THE COMPLETION OF POLITICAL AND ECONOMIC REFORMS. CURRENTLY, THE MOST VISIBLE AND NUMEROUS FOREIGN BUSINESS PRESENCE IS THAT OF THE INFORMAL SECTOR LEBANESE TRADERS. IN ADDITION TO TRADE, THIS GROUP IS EXTENSIVELY INVOLVED IN REAL ESTATE, SMALL MANUFACTURING ENTERPRISES, AND TELECOMMUNICATIONS.