Tuesday, July 16, 2024

Guinea Bissau Economy 7-16-24

Nominal GDP $1.991B, Per capita GDP $1028.22, Population 2,150,842, Debt to GDP 77.8%. Inflation 11.63%, Unemployment 3.1% Labor Force Participation men 63.4% women 48.9%, Land Area 13,948 sq miles, Arable Land 58%, Urban 44% Rural 56%. Exports $221M, Imports $403M, Trade Deficit $182M. 

The top exports of Guinea-Bissau are Coconuts, Brazil Nuts, and Cashews ($206M), Non-fillet Frozen Fish ($11.7M), Fish oil ($606k), Palm Oil ($509k), and Dried Fruits ($369k), exporting mostly to India ($203M), Cote d'Ivoire ($5.27M), Togo ($4.97M), Netherlands ($2.85M), and South Korea ($1.16M).

The top imports of Guinea-Bissau are Refined Petroleum ($72.5M), Other Steel Bars ($24.7M), Rice ($17.6M), Flavored Water ($13M), and Beer ($11.8M), importing mostly from Portugal ($137M), Senegal ($88.4M), China ($56.5M), Netherlands ($23M), and Spain ($13.5M).

Norb Leahy, Dunwoody GA Tea Party Leader

 

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