
Guinea is a lush,
well-watered country with promising agricultural potentials and mineral resources.
Nevertheless, the country's economy suffered a lot during the first quarter-century after
independence in 1958 as a result of the state's isolationist policies.
Guinea has about
one-third of the world reserves of bauxite, and mining of bauxite in the country is the
mainstay of the economy, contributing more than 70% of export earnings. There are also
large reserves of iron ore and other minerals, some of which are exploited on a small
scale. Agriculture is the other dominant sector employing about 80% of the workforce.
Since the death of the first president in 1984, Guinea introduced economic and political
reforms. Subsequently in 1990s, the military regimes legalised political parties and
undertook presidential and National Assembly elections.
In 1999, Guinea has
over 46,200 connected telephone lines, resulting a telephone density of 0.59
line per hundred people.
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