GuineaBissau (formerly Portuguese Guinea) Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $154 million (FY83), $180 per capita, real growth rate —5.1% (1983)

Natural resources: potential petroleum, bauxite, phosphates

Agriculture: main crops—rice, palm products, root crops, coconuts, peanuts, wood

Fishing: catch 6,000 metric tons (1983)

Major industries: agricultural processing, beer, soft drinks

Electric power: 22,200 kW capacity (1985);

38 million kWh produced (1985), 44 kWh per capita

Exports: $8.6 million (1983); principally peanuts; also palm kernels, shrimp, fish, lumber

Imports: $57.1 million (1983); foodstuffs, manufactured goods, fuels, transport equipment

Major trade partners: mostly Portugal, Spain, and other European countries

Budget: (1983 est.) revenues, $12.2 million;

current expenditures, $27.4 million; investment expenditures, $27.9 million

Monetary conversion rate: 83.528 Guinea

Bissauan pesos=US$l (November 1984)

Fiscal year: calendar year

NOTE: The information regarding GuineaBissau (formerly Portuguese Guinea) on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of GuineaBissau (formerly Portuguese Guinea) 1986 information contained here. All suggestions for corrections of any errors about GuineaBissau (formerly Portuguese Guinea) 1986 should be addressed to the CIA or the source cited on each page.