Guinea: Recent Economic Developments

January 23, 1997

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Guinea: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed November 17, 2024

Summary

This paper reviews economic developments in Guinea during 1990–95. In 1995, expectations arising from the new discoveries of sizable oil reserves and double-digit growth in the non-oil economy—led by the timber industry—dominated economic developments. However, the fiscal position was again expansionary, as the fiscal deficit grew to 5 percent of GDP, exacerbating imbalances and adding to external payments arrears. Total budgetary revenue as a share of GDP fell and noninterest expenditure increased sharply including unclassified spending on the order of 3 percent of GDP.

Subject: Agricultural commodities, Agroindustries, Commodities, Economic sectors, Exports, International trade, Oil, Oil sector, Tariffs

Keywords: Agricultural commodities, Agroindustries, Capital expenditure, CFA franc, CR, East Asia, Enterprise, Equatorial guinea growth, Equatorial Guinean authorities, Exports, Government, Government unit, Guinean authorities, Incentive effect, Investissement-Equatorial Guinea, ISCR, Oil, Oil revenue, Oil sector, Price level, Primary sector, Production base, Production capacity

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/148
Stock No:

1GNQEA0011996
ISBN:

9781451815894
ISSN:

1934-7685

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