How do people in the Republic of Guinea make money?

Agriculture

- It employs more than 75% of the labor force.

- In good years, the country attains self-sufficiency in basic grains, thanks in part to rainfall and the rich soil.

- Principal food crops include rice, the main staple; cassava, sweet potatoes, fonio, and maize; and fruits like bananas, oranges, pineapple, grapefruit, and mangoes.

- Coffee and palm kernels are export crops.

Mining

- Mining operations are primarily bauxite, diamond, gold, iron ore, and uranium.

- Guinea has some of the world’s largest deposits of bauxite, accounting for about a quarter of the global total.

- The country has become a preferred destination for foreign investments.

- In recent years, mining investments have grown from US$1 billion to US$5.5 billion.

Fishing

- The fishing industry is still nascent.

- Despite the coastline and an exclusive economic zone of 200 nautical miles, Guinea lacks a viable fishing industry.

- It only generates less than 1% of the country’s GDP.

Tourism

- Guinea’s tourism potential is yet to be exploited; nonetheless, the government is investing in tourism development.

- The country has diverse natural attractions, including the Îles de Los archipelago, several waterfalls such as the Kambadaga and Voile de la Mariée waterfalls, and wildlife preserves.

- Its rich cultures also make it a destination of choice for cultural tourists.

Copyright Wanderlust World © https://www.ynyoo.com