Guinea-Bissau [+]Compare [E]dit [H]istory

Aliases: Guine-Bissau, Portuguese Guinea, Republic of Guinea-Bissau, Republica da Guine-Bissau

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Object «Guinea-Bissau» has attributes

Attribute Value
Geography
Area 36,125 km²
Continent Africa
Land area 28,120 km²
Water area 8,005 km²
Land boundaries 762 km
Border countries
  • Guinea
  • Senegal
Coastline 350 km
Mean elevation 70 m
Lowest point 0 m
Highest point 300 m
People
Population 1,927,104
Official languages
  • Crioulo (lingua franca), Portuguese
Religion Muslim
Government
Long country name Republic of Guinea-Bissau
Short country name Guinea-Bissau
Long local name Republica da Guine-Bissau
Short local name Guine-Bissau
Former name
  • Portuguese Guinea
Government type Semi-presidential republic
Capital Bissau
Economy
GDP (PPP) 3,171,000,000 USD
GDP (OER) 1,350,000,000 USD
GDP (real growth rate) 5.9 %
GDP - per capita (PPP) 1,900 USD
Gross national saving 8.6 % of GDP
Labor force 731,300
Unemployment rate Add
Population below poverty line 67 %
Budget revenues 246,200,000 USD
Budget expenditures 263,500,000 USD
Military expenditures 1.64 % of GDP
Taxes and other revenues 18.2 % of GDP
Budget surplus or deficit -1.3 % of GDP
Public debt 53.9 % of GDP
Inflation rate 1.1 %
Central bank discount rate 4.25 %
Commercial bank prime lending rate 5.5 %
Stock of narrow money 583,600,000 USD
Stock of broad money 583,600,000 USD
Stock of domestic credit 250,300,000 USD
Market value of publicly traded shares Add
Current account balance -27,000,000 USD
Exports 328,100,000 USD
Imports 283,500,000 USD
Reserves of foreign exchange and gold 356,400,000 USD
External debt 1,095,000,000 USD
National currency Communaute Financiere Africaine francs
National currency (code) XOF
National currency (symbol) Add
National currency rate to USD 605.3

Since independence from Portugal in 1974, Guinea-Bissau has experienced considerable political and military upheaval. In 1980, a military coup established authoritarian General Joao Bernardo 'Nino' VIEIRA as president. Despite eventually setting a path to a market economy and multiparty system, VIEIRA's regime was characterized by the suppression of political opposition and the purging of political rivals. Several coup attempts through the 1980s and early 1990s failed to unseat him. In 1994 VIEIRA was elected president in the country's first free, multiparty election. A military mutiny and resulting civil war in 1998 eventually led to VIEIRA's ouster in May 1999. In February 2000, a transitional government turned over power to opposition leader Kumba YALA after he was elected president in transparent polling. In September 2003, after only three years in office, YALA was overthrown in a bloodless military coup, and businessman Henrique ROSA was sworn in as interim president. In 2005, former President VIEIRA was reelected, pledging to pursue economic development and national reconciliation; he was assassinated in March 2009. Malam Bacai SANHA was elected in an emergency election held in June 2009, but he passed away in January 2012 from a long-term illness. A military coup in April 2012 prevented Guinea-Bissau's second-round presidential election - to determine SANHA's successor - from taking place. Following mediation by the Economic Community of Western African States, a civilian transitional government assumed power in 2012 and remained until Jose Mario VAZ won a free and fair election in 2014. Beginning in 2015, a political dispute between factions in the ruling PAIGC party brought government gridlock. It was not until April 2018 that a consensus prime minister could be appointed, the national legislature reopened (having been closed for two years), and a new government formed under Prime Minister Aristides GOMES. In March 2019, the government held legislative elections, voting in the PAIGC as the ruling party; however, President VAZ continues to perpetuate a political stalemate by refusing to name PAICG President Domingos SIMOES PEREIRA Prime Minister.

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