Guinea-Bissau FlagGuinea-Bissau

Unity, Struggle, Progress

 

General


Population: 1,693,398 (2014), 1,660,870 (2013)
Land Area: 36,120 sq km
Natural Resources: Fish, timber, phosphates, bauxite, clay, granite, limestone, petroleum
Capital: Bissau
Political System: Republic
State Leader: Josse Mario Vaz (June 17th 2014)
Head of Government: Rui Duarte Barros (May 16th 2012)
Languages: Portuguese, Crioulo, African languages
Currency: Communaute Financiere Africaine Franc (XOF)
Major Religions: Indigenous Beliefs 50%, Muslim 45%, Christian 5%
Major Ethnicities: African 99%, European and Mulatto 1%
Life Expectancy: 49.87 years (2014), 49.5 years (2013)

Economy


GDP Official Exchange Rate: 880 million (2013), 870 million (2012)
GDP Purchasing Power Parity: 2.005 billion (2013), 1.963 billion (2012)
GDP Per Capita (PPP): 1,200 (2013), 1,200 (2012)
GDP Growth Rate: 3.5% (2013), -1.5% (2012)
GDP Structure: Agriculture 58%, Industry 13.5%, Services 28.5% (2013)
Labour Force By Occupation: Agriculture 82%, Industry and Services 18% (2000)
Industries: Agricultural products processing, beer, soft drinks
Agriculture Products: Rice, corn, beans, cassava, cashew nuts, peanuts, palm kernels, cotton; timber; fish
Human Development Index: 0.396 (177th)(2014), 0.364 (176th)(2013)
Tourism Revenue: NA
Unemployment Rate: NA

MilitaryGuinea-Bissau Map


Army Size: 9 250 (2004)
Budget: 3.1% of GDP (2005)

Current Situation

 

Guinea-Bissau is located in Western Africa. Guinea-Bissau is bordered by Guinea and Senegal. Guinea-Bissau's drug trade is one of the most important ones in Africa, and the country is unable to deal with the level of drug-trafficking. Guinea-Bissau's economy is relatively weak, but it is now part of an International Monetary Fund Structural reform program, which will hopefully help liberalize the economy and make Guinea-Bissau attractive to foreign investors.

(2014) The economy is still feeling the shock from the 2012 military coup, however it has returned to growth. If stability can be maintained growth should continue to be steady but it will remain low until foreign investors regain confidence.

Thoughts & Comments

 

Sources

CIA World Factbook: Guinea-Bissau
Wikipedia: Guinea-Bissau
http://hdrstats.undp.org/en/countries/profiles/GNB.html
http://www.afdb.org/en/countries/west-africa/guinea-bissau/guinea-bissau-economic-outlook/

Updated on: September 11th, 2014