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    Guinea-Bissau Econom�a 2000

      Econom�a - descripci�n: One of the 20 poorest countries in the world, Guinea-Bissau depends mainly on farming and fishing. Cashew crops have increased remarkably in recent years, and the country now ranks sixth in cashew production. Guinea-Bissau exports fish and seafood along with small amounts of peanuts, palm kernels, and timber. Rice is the major crop and staple food. However, intermittent fighting between Senegalese-backed government troops and a military junta destroyed much of the country's infrastructure and caused widespread damage to the economy in 1998; the civil war led to a 28% drop in GDP that year, with partial recovery in 1999. Before the war, trade reform and price liberalization were the most successful part of the country's structural adjustment program under IMF sponsorship. The tightening of monetary policy and the development of the private sector had also begun to reinvigorate the economy. Because of high costs, the development of petroleum, phosphate, and other mineral resources is not a near-term prospect. However, unexploited off-shore oil reserves could provide much-needed revenue in the long run.

      Producto Bruto Interno (PBI): purchasing power parity - $1.1 billion (1999 est.)

      PBI - Indice de Incremento real: 9.5% (1999 est.)

      PBI - por capital: purchasing power parity - $900 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 54%
      industry: 11%
      services: 35% (1996 est.)

      Poblaci�n bajo linea de pobertad: 50% (1991 est.)

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 0.5%
      highest 10%: 42.4% (1991)

      Indice de Inflaci�n (precios del consumidor): 5.5% (1999)

      Fuerza Laboral: 480,000

      Fuerza Laboral - por ocupaci�n: agriculture 78%

      Indice de desempleo: NA%

      Presupuesto: $NA

      Industrias: agricultural products processing, beer, soft drinks

      Industrial production growth rate: 2.6% (1997 est.)

      Electricidad - Producci�n: 40 million kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 37 million kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: rice, corn, beans, cassava (tapioca), cashew nuts, peanuts, palm kernels, cotton; timber; fish

      Exportaciones: $26.8 million (f.o.b., 1998)

      Exporationes - comodidades: cashew nuts 70%, shrimp, peanuts, palm kernels, sawn lumber (1996)

      Exportaciones - socios: India 59%, Singapore 12%, Italy 10% (1997)

      Importaciones: $22.9 million (f.o.b., 1998)

      Importaciones - comodidades: foodstuffs, machinery and transport equipment, petroleum products (1996)

      Importaciones - socios: Portugal 26%, France 8%, Senegal 8%, Netherlands 7% (1997)

      Deuda - externa: $921 million (1997 est.)

      Ayuda economica - recipiente: $115.4 million (1995)

      Moneda: 1 Communaute Financiere Africaine franc (CFAF) = 100 centimes

      Indice de intercambio: Communaute Financiere Africaine francs (CFAF) per US$1 - 647.25 (January 2000), 615.70 (1999), 589.95 (1998), 583.67 (1997); Guinea-Bissauan pesos (PG) per US$1 - 26,373 (1996), 18,073 (1995)
      note: as of 1 May 1997, Guinea-Bissau adopted the CFA franc as the national currency following its membership in BCEAO; since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro

      A�o Fiscal: calendar year

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