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 |
|
Coastline | 350 km |
Mean elevation | 70 m |
Lowest point | 0 m |
Highest point | 300 m |
People | |
Population | 1,927,104 |
Official languages |
|
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 |
|
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.