Compare Guinea (2007) - Guinea (2008)

Compare Guinea (2007) z Guinea (2008)

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	Guinea (2007)	Guinea (2008)

Background	Guinea has had only two presidents since gaining its independence from France in 1958. Lansana CONTE came to power in 1984 when the military seized the government after the death of the first president, Sekou TOURE. Guinea did not hold democratic elections until 1993 when Gen. CONTE (head of the military government) was elected president of the civilian government. He was reelected in 1998 and again in 2003. Guinea has maintained its internal stability despite spillover effects from conflict in Sierra Leone and Liberia. As those countries have rebuilt, Guinea's own vulnerability to political and economic crisis has increased. In 2006, declining economic conditions and popular dissatisfaction with corruption and bad governance prompted two massive strikes that sparked urban unrest in many Guinean cities.	Guinea has had only two presidents since gaining its independence from France in 1958. Lansana CONTE came to power in 1984 when the military seized the government after the death of the first president, Sekou TOURE. Guinea did not hold democratic elections until 1993 when Gen. CONTE (head of the military government) was elected president of the civilian government. He was reelected in 1998 and again in 2003, though all the polls have been marred by irregularities. Guinea has maintained its internal stability despite spillover effects from conflict in Sierra Leone and Liberia. As those countries have rebuilt, Guinea's own vulnerability to political and economic crisis has increased. Declining economic conditions and popular dissatisfaction with corruption and bad governance prompted two massive strikes in 2006; a third nationwide strike in early 2007 sparked violent protests in many Guinean cities and prompted two weeks of martial law. To appease the unions and end the unrest, CONTE named a new prime minister in March 2007.
Budget	revenues: $256 million expenditures: $503.9 million (2006 est.)	revenues: $382 million expenditures: $817.4 million (2007 est.)
Debt - external	$3.226 billion (2006 est.)	$3.298 billion (31 December 2007 est.)
Diplomatic representation in the US	chief of mission: Ambassador (vacant) chancery: 2112 Leroy Place NW, Washington, DC 20008 telephone: [1] (202) 986-4300 FAX: [1] (202) 478-3800	chief of mission: Ambassador Mory Karamoko KABA chancery: 2112 Leroy Place NW, Washington, DC 20008 telephone: [1] (202) 483-9420 FAX: [1] (202) 483-8688
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 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. Investor confidence has been sapped by rampant corruption, a lack of electricity and other infrastructure, a lack of skilled workers, and the political uncertainty due to the failing health of President Lansana CONTE. Guinea is trying to reengage with the IMF and World Bank, which cut off most assistance in 2003, and is working closely with technical advisors from the U.S. Treasury Department, the World Bank and IMF, seeking to return to a fully funded program. 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.	Guinea possesses major mineral, hydropower, and agricultural resources, yet remains an underdeveloped nation. The country has 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. Investor confidence has been sapped by rampant corruption, a lack of electricity and other infrastructure, a lack of skilled workers, and the political uncertainty due to the failing health of President Lansana CONTE. Guinea is trying to reengage with the IMF and World Bank, which cut off most assistance in 2003, and is working closely with technical advisors from the U.S. Treasury Department, the World Bank and IMF, seeking to return to a fully funded program. Growth rose slightly in 2006-07, 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.
Exchange rates	Guinean francs per US dollar - 5,350 (2006), 3,644.3 (2005), 2,225 (2004), 1,984.9 (2003), 1,975.8 (2002)	Guinean francs per US dollar - 4,122.8 (2007), 5,350 (2006), 3,644.3 (2005), 2,225 (2004), 1,984.9 (2003)
Exports	NA	0 bbl/day (2004)
Exports - partners	Russia 11.7%, Ukraine 9.6%, South Korea 8.9%, Spain 8.1%, France 7.8%, US 7.8%, Germany 5.4%, Ireland 5.1% (2006)	Russia 11.6%, Ukraine 9.6%, Spain 9%, South Korea 8.8%, France 7.7%, US 7.7%, Germany 5.4%, Ireland 5.1% (2006)
GDP - composition by sector	agriculture: 23.2% industry: 38.2% services: 38.6% (2006 est.)	agriculture: 22% industry: 40.5% services: 37.6% (2007 est.)
GDP - real growth rate	2.2% (2006 est.)	1.5% (2007 est.)
Imports	NA	8,481 bbl/day (2004)
Imports - partners	China 8.6%, France 8.1%, Netherlands 4.8%, Belgium 4.4% (2006)	China 8.6%, France 8%, Netherlands 4.8%, Belgium 4.4% (2006)
Industrial production growth rate	NA%	7.6% (2007 est.)
Inflation rate (consumer prices)	30% (2006 est.)	20% (2007 est.)
International organization participation	ACCT, ACP, AfDB, AU, ECOWAS, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, MINURSO, MONUC, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	ACCT, ACP, AfDB, AU, ECOWAS, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITSO, ITU, ITUC, MIGA, MINURSO, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Legislative branch	unicameral People's National Assembly or Assemblee Nationale Populaire (114 seats; members are elected by direct, popular vote to serve five-year terms) elections: last held 30 June 2002 (next to be held in 2007) election results: percent of vote by party - PUP 61.6%, UPR 26.6%, other 11.8%; seats by party - PUP 85, UPR 20, other 9	unicameral People's National Assembly or Assemblee Nationale Populaire (114 seats; members are elected by a mixed system of direct popular vote and proportional party lists elections: last held 30 June 2002 (next to be held in 2008) election results: percent of vote by party - PUP 61.6%, UPR 26.6%, other 11.8%; seats by party - PUP 85, UPR 20, other 9 note: legislative elections were due in 2007 but have been postponed
Political parties and leaders	Democratic Party of Guinea-African Democratic Rally or PDG-RDA [El Hadj Ismael Mohamed Gassim GUSHEIN]; Dyama; National Union for Progress or UPN [Mamadou Bhoye BARRY]; Party for Unity and Progress or PUP (the governing party) [Lansana CONTE]; People's Party of Guinea or PPG [Charles Pascal TOLNO]; Rally for the Guinean People or RPG [Alpha CONDE]; Union of Democratic Forces of Guinea or UFDG [Mamadou BAH]; Union of Republican Forces or UFR [Sidya TOURE]; Union for Progress of Guinea or UPG [Jean-Marie DORE, secretary-general]; Union for Progress and Renewal or UPR [Ousmane BAH]	National Union for Progress or UPN [Mamadou Bhoye BARRY]; Party for Unity and Progress or PUP (the governing party) [Lansana CONTE]; People's Party of Guinea or PPG [Charles Pascal TOLNO]; Rally for the Guinean People or RPG [Alpha CONDE]; Union of Democratic Forces of Guinea or UFDG [Cellou Dalein DIALLO]; Union of Republican Forces or UFR [Sidya TOURE]; Union for Progress of Guinea or UPG [Jean-Marie DORE, secretary-general]; Union for Progress and Renewal or UPR [Ousmane BAH]

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