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Guinea-Bissau

One of the six poorest countries in the world, Guinea-Bissau depends mainly on farming and fishing. Cashew crops have increased remarkably in recent years, and the country now ranks fifth in cashew production. Guinea-Bissau exports fish and seafood along with small amounts of peanuts, palm kernels, and timber. Rice is the major crop and staple food. However, intermittent fighting between Senegalese-backed government troops and a military junta destroyed much of the country's infrastructure and caused widespread damage to the economy in 1998; the civil war led to a 28% drop in GDP that year, with partial recovery ...  More..

Economy of Guinea-Bissau
SOURCE: CIA - The World Factbook
Currency West African CFA Franc
Fiscal Year 01 January - 31 December
GDP (PPP) $933.4 million (2009 est.)
GDP (per capita) $600 (2009 est.)
Exports $133 million (2006)
Imports $200 million (2006)
Main Industries Agricultural Products Processing, Beer, Soft Drinks
Exports - Commodities Cashew Nuts, Shrimp, Peanuts, Palm Kernels, Sawn Lumber
Imports - Commodities Foodstuffs, Machinery and Transport Equipment, Petroleum Products
Exports Partners India 64%, Nigeria 30.1%, Pakistan 1% (2008)
Imports Partners Portugal 24.1%, Senegal 16.9%, India 11.3%, Cote dIvoire 4.9%, Pakistan 4.7%, France 4.5% (2008)

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