Economic Conditions and Trade
Guinea-Bissau
Farmer harvesting peanuts in Bissau. Source: www.everyculture.com
Economic Statistics
- Gross Domestic Product: (2009): $826 million.
- Annual growth rate: (2009): 3%.
- Gross Dosmestic Product per capita: (2009): $512.
- Natural resources: Fish and timber. Bauxite and phosphate deposits are
not exploited; offshore petroleum.
- Foreign aid: Guinea-Bissau is desperately poor, (ranked 173rd out of 182 )
with huge foreign debt and an economy that limps along thanks to foreign aid.
- Agriculture: (62% of GDP): Products--cashews, tropical fruits, rice, peanuts,
cotton, palm oil. Arable land--11%. Forested--38%.
- Industry: (12% of GDP): Cashew processing. Very little industrial capacity
remains following the 1998 internal conflict.
- Major suppliers: (2009)--Portugal 24.5%, Senegal 17.2%, Pakistan 4.8%,
France 4.6%.
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