Economy ———-
Economic overview: Guinea-Bissau ranks among the poorest countries in the world. Agriculture and fishing are the main economic activities. Cashew nuts, peanuts, and palm kernels are the primary exports. Exploitation of known mineral deposits is unlikely at present because of a weak infrastructure and the high cost of development. With IMF support, the country is committed to an economic reform program emphasizing monetary stability and private sector growth. This process will continue at a slow pace because of a heavy foreign debt burden and internal constraints.
GDP: purchasing power parity - $1 billion (1994 est.)
GDP real growth rate: NA%
GDP per capita: $900 (1995 est.)
GDP composition by sector: agriculture: 44% industry: 8% services: 48% (1993 est.)
Inflation rate (consumer prices): 15% (1994 est.)
Labor force: 403,000 (est.) by occupation: agriculture 90%, industry, services, and commerce 5%, government 5%
Unemployment rate: NA%
Budget: revenues: $NA expenditures: $NA, including capital expenditures of $NA