Guinea-Bissau: Statistical Appendix

International Monetary Fund

doi:10.5089/9781451815696.002.A001

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Guinea-Bissau

Statistical Appendix

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International Monetary Fund

International Monetary Fund
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Publication Date:: 20 May 1997

eISBN:: 9781451815696

Language:: English

Keywords:: ISCR; CR; factor cost; exchange rate; balance of payments; broad money; tertiary sector; Guinea-Bissau authorities; consumer goods; wood product; U.S. dollar rate

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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Abstract

GUINEA-BISSAU - Basic Data ^1/

Sources: World Development Report 1996, World Bank; data provided by the Guinea-Bissau authorities; and staff estimates.

^{^1/}Numbers may not total because of rounding.

^{^2/}Current budget, excluding scheduled external interest payments.

^{^3/}After debt relief.

Table 1.

Guinea-Bissau: Real Gross Domestic Product by Sector, 1991-96

Sources: National Statistics and Census Institute (INEC).

Table 1.

Guinea-Bissau: Real Gross Domestic Product by Sector, 1991-96

			1991	1992	1993	1994	1995	1996
							Estimates
			(In billions of Guinea-Bissau pesos at constant 1986 prices)
Agriculture, fishing and forestry			27.2	27.4	29.1	30.7	32.7	35.1
Industry (including water and electricity)			6.6	6.6	6.9	7.1	7.3	7.5
Construction			2.9	3.8	3.0	1.9	2.0	2.1
Commerce, restaurants, and hotels			13.2	12.8	12.8	14.0	14.2	14.9
Transport and communications			1.4	1.4	1.4	1.5	1.5	1.6
Banks, insurance, and other services			0.5	0.5	0.5	0.5	0.5	0.4
Public administration			4.7	4.8	4.8	4.7	4.6	4.6
	Gross domestic product at factor cost		56.5	57.5	58.5	60.4	62.9	66.3
		Indirect taxes	0.8	0.5	0.6	0.7	0.8	0.9
	Gross domestic product at market prices		57.4	58.0	59.2	61.0	63.7	67.3
			(In percent of GDP)
Agriculture, fishing, and forestry			48.1	47.7	49.7	50.8	52.0	53.0
Industry (including water and electricity)			11.6	11.6	11.8	11.7	11.7	11.3
Construction			5.2	6.6	5.1	3.2	3.2	3.1
Commerce, restaurants, and hotels			23.3	22.3	21.8	23.2	22.6	22.4
Transport and communications			2.5	2.6	2.5	2.5	2.5	2.4
Banks, insurance, and other services			0.9	0.9	0.8	0.8	0.8	0.8
Public administration			8.3	8.4	8.3	7.8	7.3	6.9
	Gross domestic product at factor cost		100.0	100.0	100.0	100.0	100.0	100.0
			(Annual changes in percent)
Agriculture, fishing, and forestry			5.6	0.9	6.1	5.4	6.6	7.5
Industry (including water and electricity)			1.5	1.4	3.8	2.1	3.8	2.5
Construction			12.9	28.6	-20.4	-35.7	3.5	3.5
Commerce, restaurants, and hotels			1.0	-2.7	-0.4	9.3	1.4	5.0
Transport and communications			7.5	2.8	-2.0	3.1	3.7	4.5
Banks, insurance, and other services			6.0	0.8	-10.7	8.9	4.3	3.0
Public administration			10.7	2.5	0.2	-2.4	-2.8	0.0
	Gross domestic product at factor cost		4.8	1.7	1.8	3.1	4.2	5.5

Sources: National Statistics and Census Institute (INEC).

Table 1.

Guinea-Bissau: Real Gross Domestic Product by Sector, 1991-96

			1991	1992	1993	1994	1995	1996
							Estimates
			(In billions of Guinea-Bissau pesos at constant 1986 prices)
Agriculture, fishing and forestry			27.2	27.4	29.1	30.7	32.7	35.1
Industry (including water and electricity)			6.6	6.6	6.9	7.1	7.3	7.5
Construction			2.9	3.8	3.0	1.9	2.0	2.1
Commerce, restaurants, and hotels			13.2	12.8	12.8	14.0	14.2	14.9
Transport and communications			1.4	1.4	1.4	1.5	1.5	1.6
Banks, insurance, and other services			0.5	0.5	0.5	0.5	0.5	0.4
Public administration			4.7	4.8	4.8	4.7	4.6	4.6
	Gross domestic product at factor cost		56.5	57.5	58.5	60.4	62.9	66.3
		Indirect taxes	0.8	0.5	0.6	0.7	0.8	0.9
	Gross domestic product at market prices		57.4	58.0	59.2	61.0	63.7	67.3
			(In percent of GDP)
Agriculture, fishing, and forestry			48.1	47.7	49.7	50.8	52.0	53.0
Industry (including water and electricity)			11.6	11.6	11.8	11.7	11.7	11.3
Construction			5.2	6.6	5.1	3.2	3.2	3.1
Commerce, restaurants, and hotels			23.3	22.3	21.8	23.2	22.6	22.4
Transport and communications			2.5	2.6	2.5	2.5	2.5	2.4
Banks, insurance, and other services			0.9	0.9	0.8	0.8	0.8	0.8
Public administration			8.3	8.4	8.3	7.8	7.3	6.9
	Gross domestic product at factor cost		100.0	100.0	100.0	100.0	100.0	100.0
			(Annual changes in percent)
Agriculture, fishing, and forestry			5.6	0.9	6.1	5.4	6.6	7.5
Industry (including water and electricity)			1.5	1.4	3.8	2.1	3.8	2.5
Construction			12.9	28.6	-20.4	-35.7	3.5	3.5
Commerce, restaurants, and hotels			1.0	-2.7	-0.4	9.3	1.4	5.0
Transport and communications			7.5	2.8	-2.0	3.1	3.7	4.5
Banks, insurance, and other services			6.0	0.8	-10.7	8.9	4.3	3.0
Public administration			10.7	2.5	0.2	-2.4	-2.8	0.0
	Gross domestic product at factor cost		4.8	1.7	1.8	3.1	4.2	5.5

Sources: National Statistics and Census Institute (INEC).

Table 2.

Guinea-Bissau: Nominal Gross Domestic Product by Sector, 1991-96

Sources: National Statistics and Census Institute (INEC); and staff estimates and projections.

Table 2.

Guinea-Bissau: Nominal Gross Domestic Product by Sector, 1991-96

		1991	1992	1993	1994	1995	1996
						Estimates
		(In billions of Guinea-Bissau pesos)
Agriculture, fishing, and forestry		482	751	1,262	1,587	2,377	3,831
Industry (including water and electricity)		87	163	231	330	527	777
Construction		53	125	150	124	186	276
Commerce, restaurants, and hotels		220	394	538	748	1,118	1,677
Transport and communications		24	41	60	74	110	165
Banks, insurance, and other services		8	14	19	25	38	56
Public administration		52	72	103	116	173	250
Gross domestic product at factor cost		927	1,561	2,364	3,004	4,529	7,032
Indirect taxes		14	12	25	34	60	98
Gross domestic product at market prices		941	1,573	2,389	3,038	4,589	7,130
		(In percent of GDP at factor cost)
Agriculture, fishing, and forestry		52.0	48.1	53.4	52.8	52.5	54.5
Industry (including water and electricity)		9.4	10.4	9.8	11.0	11.6	11.0
Construction		5.7	8.0	6.4	4.1	4.1	3.9
Commerce, restaurants, and hotels		23.8	25.3	22.8	24.9	24.7	23.8
Transport and communications		2.6	2.7	2.5	2.5	2.4	2.3
Banks, insurance, and other services		0.9	0.9	0.8	0.8	0.8	0.8
Public administration		5.6	4.6	4.4	3.9	3.8	3.6
Gross domestic product at factor cost		100.0	100.0	100.0	100.0	100.0	100.0
		(Annual changes in percent)
Agriculture, fishing, and forestry		58.9	55.6	68.1	25.8	49.8	61.1
Industry (including water and electricity)		59.8	86.7	42.0	42.8	59.6	47.5
Construction		87.1	134.8	20.0	-17.6	50.3	48.5
Commerce, restaurants, and hotels		63.7	78.9	36.5	38.9	49.4	50.0
Transport and communications		78.3	73.2	45.2	22.9	49.4	49.5
Banks, insurance, and other services		65.6	66.8	32.8	34.3	50.9	48.0
Public administration		95.4	39.6	42.4	12.8	48.7	45.0
Gross domestic product at factor cost		63.8	68.3	51.4	27.1	50.7	55.3
Memorandum item:
	GDP deflator at factor cost	56.3	65.4	48.8	23.3	44.7	47.1

Sources: National Statistics and Census Institute (INEC); and staff estimates and projections.

Table 2.

Guinea-Bissau: Nominal Gross Domestic Product by Sector, 1991-96

		1991	1992	1993	1994	1995	1996
						Estimates
		(In billions of Guinea-Bissau pesos)
Agriculture, fishing, and forestry		482	751	1,262	1,587	2,377	3,831
Industry (including water and electricity)		87	163	231	330	527	777
Construction		53	125	150	124	186	276
Commerce, restaurants, and hotels		220	394	538	748	1,118	1,677
Transport and communications		24	41	60	74	110	165
Banks, insurance, and other services		8	14	19	25	38	56
Public administration		52	72	103	116	173	250
Gross domestic product at factor cost		927	1,561	2,364	3,004	4,529	7,032
Indirect taxes		14	12	25	34	60	98
Gross domestic product at market prices		941	1,573	2,389	3,038	4,589	7,130
		(In percent of GDP at factor cost)
Agriculture, fishing, and forestry		52.0	48.1	53.4	52.8	52.5	54.5
Industry (including water and electricity)		9.4	10.4	9.8	11.0	11.6	11.0
Construction		5.7	8.0	6.4	4.1	4.1	3.9
Commerce, restaurants, and hotels		23.8	25.3	22.8	24.9	24.7	23.8
Transport and communications		2.6	2.7	2.5	2.5	2.4	2.3
Banks, insurance, and other services		0.9	0.9	0.8	0.8	0.8	0.8
Public administration		5.6	4.6	4.4	3.9	3.8	3.6
Gross domestic product at factor cost		100.0	100.0	100.0	100.0	100.0	100.0
		(Annual changes in percent)
Agriculture, fishing, and forestry		58.9	55.6	68.1	25.8	49.8	61.1
Industry (including water and electricity)		59.8	86.7	42.0	42.8	59.6	47.5
Construction		87.1	134.8	20.0	-17.6	50.3	48.5
Commerce, restaurants, and hotels		63.7	78.9	36.5	38.9	49.4	50.0
Transport and communications		78.3	73.2	45.2	22.9	49.4	49.5
Banks, insurance, and other services		65.6	66.8	32.8	34.3	50.9	48.0
Public administration		95.4	39.6	42.4	12.8	48.7	45.0
Gross domestic product at factor cost		63.8	68.3	51.4	27.1	50.7	55.3
Memorandum item:
	GDP deflator at factor cost	56.3	65.4	48.8	23.3	44.7	47.1

Sources: National Statistics and Census Institute (INEC); and staff estimates and projections.

Table 3.

Guinea-Bissau: National Accounts, 1991-96

Sources: Data provided by the Guinea-Bissau authorities; and staff estimates.

Table 3.

Guinea-Bissau: National Accounts, 1991-96

		1991	1992	1993	1994	1995	1996
						Estimates
		(In billions of Guinea-Bissau pesos at current prices)
Consumption		932	1,558	2,281	2,958	4,587	7,043
	Private	817	1,380	2,075	2,681	4,189	6,390
	Public	115	178	206	277	397	653
Investment		292	759	737	661	1,024	1,633
	Private	73.4	314	149	42	328	571
	Public	218	445	588	620	696	1,062
Exports of goods and services		123	125	259	585	658	1,055
Imports of goods and services		-405	-869	-888	-1,166	-1,679	-2,601
Gross domestic product at market prices		941	1,573	2,389	3,038	4,589	7,130
		(In percent of GDP)
Consumption		99.0	99.1	95.5	97.4	99.9	99.8
	Private	86.9	87.8	86.9	88.2	91.3	89.6
	Public	12.2	11.3	8.6	9.1	8.7	9.2
Gross domestic investment		31.0	48.3	30.9	21.8	22.3	22.9
	Private	7.8	20.0	6.3	1.4	7.1	8.0
	Public	23.2	28.3	24.6	20.4	15.2	14.9
Exports of goods and services		13.0	7.9	10.9	19.3	14.3	14.8
Imports of goods and services		-43.1	-55.3	-37.2	-38.4	-36.6	-36.5
Gross domestic savings		1.0	0.9	4.5	2.6	0.1	1.2
Resource gap		-30.0	-47.3	-26.3	-19.1	-22.3	-21.7
Memorandum items:
	Real GDP growth (in percent)	5.1	1.1	2.1	3.2	4.4	5.6
	GDP (in millions of U.S. dollars)	257.2	226.9	236.9	235.6	253.9	270.3
	GDP per capita (in U.S. dollars)	257.2	222.3	227.6	221.8	234.3	244.4

Sources: Data provided by the Guinea-Bissau authorities; and staff estimates.

Table 3.

Guinea-Bissau: National Accounts, 1991-96

		1991	1992	1993	1994	1995	1996
						Estimates
		(In billions of Guinea-Bissau pesos at current prices)
Consumption		932	1,558	2,281	2,958	4,587	7,043
	Private	817	1,380	2,075	2,681	4,189	6,390
	Public	115	178	206	277	397	653
Investment		292	759	737	661	1,024	1,633
	Private	73.4	314	149	42	328	571
	Public	218	445	588	620	696	1,062
Exports of goods and services		123	125	259	585	658	1,055
Imports of goods and services		-405	-869	-888	-1,166	-1,679	-2,601
Gross domestic product at market prices		941	1,573	2,389	3,038	4,589	7,130
		(In percent of GDP)
Consumption		99.0	99.1	95.5	97.4	99.9	99.8
	Private	86.9	87.8	86.9	88.2	91.3	89.6
	Public	12.2	11.3	8.6	9.1	8.7	9.2
Gross domestic investment		31.0	48.3	30.9	21.8	22.3	22.9
	Private	7.8	20.0	6.3	1.4	7.1	8.0
	Public	23.2	28.3	24.6	20.4	15.2	14.9
Exports of goods and services		13.0	7.9	10.9	19.3	14.3	14.8
Imports of goods and services		-43.1	-55.3	-37.2	-38.4	-36.6	-36.5
Gross domestic savings		1.0	0.9	4.5	2.6	0.1	1.2
Resource gap		-30.0	-47.3	-26.3	-19.1	-22.3	-21.7
Memorandum items:
	Real GDP growth (in percent)	5.1	1.1	2.1	3.2	4.4	5.6
	GDP (in millions of U.S. dollars)	257.2	226.9	236.9	235.6	253.9	270.3
	GDP per capita (in U.S. dollars)	257.2	222.3	227.6	221.8	234.3	244.4

Sources: Data provided by the Guinea-Bissau authorities; and staff estimates.

Table 4.

Guinea-Bissau: Output of Main Crops, 1990-95

(In thousands of metric tons)

Sources: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 4.

Guinea-Bissau: Output of Main Crops, 1990-95

(In thousands of metric tons)

		1990	1991	1992	1993	1994	1995
Rice (paddy)		118.8	123.6	123.6	125.9	131.0	133.3
Other cereals		46.4	57.1	47.8	54.8	59.1	67.3
Manioc		17.5	11.9	14.7	15.1	15.7	16.2
Sweet potatoes		16.5	16.9	17.4	15.0	18.3	18.8
Coconut		1.9	5.1	3.5	2.8	1-2	1.8
Sugar cane		53.1	55.7	58.5	61.4	64.5	67.7
Vegetables		7.4	7.6	7.9	8.2	8.6	8.9
Fresh fruit		131.1	142.8	154.7	168.8	186.5	203.6
	Of which: cashews	(77.4)	(87.5)	(97.1)	(108.8)	(124.0)	(138.8)
Cashew nuts		15.5	17.5	19.4	21.7	24.8	27.8
Groundnuts		18.2	14.8	15.7	16.7	16.3	15.5
Cotton		2.2	2.4	1.2	1.7	1.6	…

Sources: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 4.

Guinea-Bissau: Output of Main Crops, 1990-95

(In thousands of metric tons)

		1990	1991	1992	1993	1994	1995
Rice (paddy)		118.8	123.6	123.6	125.9	131.0	133.3
Other cereals		46.4	57.1	47.8	54.8	59.1	67.3
Manioc		17.5	11.9	14.7	15.1	15.7	16.2
Sweet potatoes		16.5	16.9	17.4	15.0	18.3	18.8
Coconut		1.9	5.1	3.5	2.8	1-2	1.8
Sugar cane		53.1	55.7	58.5	61.4	64.5	67.7
Vegetables		7.4	7.6	7.9	8.2	8.6	8.9
Fresh fruit		131.1	142.8	154.7	168.8	186.5	203.6
	Of which: cashews	(77.4)	(87.5)	(97.1)	(108.8)	(124.0)	(138.8)
Cashew nuts		15.5	17.5	19.4	21.7	24.8	27.8
Groundnuts		18.2	14.8	15.7	16.7	16.3	15.5
Cotton		2.2	2.4	1.2	1.7	1.6	…

Sources: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 5.

Guinea-Bissau: Stocks, Production, and Uses of Cashew Nuts, 1991-96

(In metric tons)

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 5.

Guinea-Bissau: Stocks, Production, and Uses of Cashew Nuts, 1991-96

(In metric tons)

	1991	1992	1993	1994	1995	1996
						Est.
Stock at beginning of year	3,910	2,887	18,383	22,863	912	10
Production	17,494	19,418	21,748	24,793	27,768	40,000
Domestic consumption	-266	-272	-278	-283	-288	-290
Exports	-18,250	-3,650	-16,990	-46,460	-28,382	-25,000
Change in stocks	-1,023	15,496	4,480	-21,951	-902	14,710

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 5.

Guinea-Bissau: Stocks, Production, and Uses of Cashew Nuts, 1991-96

(In metric tons)

	1991	1992	1993	1994	1995	1996
						Est.
Stock at beginning of year	3,910	2,887	18,383	22,863	912	10
Production	17,494	19,418	21,748	24,793	27,768	40,000
Domestic consumption	-266	-272	-278	-283	-288	-290
Exports	-18,250	-3,650	-16,990	-46,460	-28,382	-25,000
Change in stocks	-1,023	15,496	4,480	-21,951	-902	14,710

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 6.

Guinea-Bissau: Industrial and Artisanal Fishing, 1990-95

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 6.

Guinea-Bissau: Industrial and Artisanal Fishing, 1990-95

			1990	1991	1992	1993	1994	1995
			(In metric tons)
Artisanal fishing
	(all species)		13,594	14,154	16,407	17,578	18,917	20,088
Industrial fishing by
	domestic operators
		Fish	3,000	3,274	3,393	3,546	3,723	3,891
		Shrimp	310	315	406	410	450	466
		Other crustaceans	54	60	69	71	76	79
			(In millions of U.S. dollars)
Fish and shrimp exports			3.4	2.6	0.9	0.7	0.3	0.2
Revenue from fishing licenses			22.9	13.5	13.5	10.8	11.7	11.3
Memorandum items:
	Number of fishing licenses		315	323	242	141	169	…
	Number of authorized boats		208	213	162	120	108	…

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 6.

Guinea-Bissau: Industrial and Artisanal Fishing, 1990-95

			1990	1991	1992	1993	1994	1995
			(In metric tons)
Artisanal fishing
	(all species)		13,594	14,154	16,407	17,578	18,917	20,088
Industrial fishing by
	domestic operators
		Fish	3,000	3,274	3,393	3,546	3,723	3,891
		Shrimp	310	315	406	410	450	466
		Other crustaceans	54	60	69	71	76	79
			(In millions of U.S. dollars)
Fish and shrimp exports			3.4	2.6	0.9	0.7	0.3	0.2
Revenue from fishing licenses			22.9	13.5	13.5	10.8	11.7	11.3
Memorandum items:
	Number of fishing licenses		315	323	242	141	169	…
	Number of authorized boats		208	213	162	120	108	…

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 7.

Guinea-Bissau: Manufacturing Production in Major Industries, 1990-95

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 7.

Guinea-Bissau: Manufacturing Production in Major Industries, 1990-95

		1990	1991	1992	1993	1994	1995
Food industries
		(In thousands of metric tons)
	Hulled rice	68.0	68.1	68.4	69.6	72.4	73.6
	Peanuts processing	9.5	7.7	8.2	8.7	8.5	8.1
	Bakery products	6.7	6.9	7.1	7.3	7.6	7.8
	Frozen fish	1.0	1.0	1.1	1.2	1.1	1.2
	Dry and smoked fish	1.7	1.7	2.0	2.1	2.0	1.9
		(In millions of liters)
	Vegetable oils	4.9	5.2	5.3	6.2	6.0	5.6
	Beverages	1.9	2.0	2.0	1.7	2.7	2.8
	Distilled liquor	1.0	1.0	1.1	1.2	1.2	1.3
	Dairy products	1.0	1.1	1.1	1.1	1.2	1.2
Nonfood industries		(In thousands of metric tons)
	Wood processing	5.9	5.5	4.7	4.9	6.0	10.9
	Wood products	2.9	5.1	4.3	4.4	4.2	9.0
	Soap	2.6	2.7	2.7	2.8	2.8	2.9

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 7.

Guinea-Bissau: Manufacturing Production in Major Industries, 1990-95

		1990	1991	1992	1993	1994	1995
Food industries
		(In thousands of metric tons)
	Hulled rice	68.0	68.1	68.4	69.6	72.4	73.6
	Peanuts processing	9.5	7.7	8.2	8.7	8.5	8.1
	Bakery products	6.7	6.9	7.1	7.3	7.6	7.8
	Frozen fish	1.0	1.0	1.1	1.2	1.1	1.2
	Dry and smoked fish	1.7	1.7	2.0	2.1	2.0	1.9
		(In millions of liters)
	Vegetable oils	4.9	5.2	5.3	6.2	6.0	5.6
	Beverages	1.9	2.0	2.0	1.7	2.7	2.8
	Distilled liquor	1.0	1.0	1.1	1.2	1.2	1.3
	Dairy products	1.0	1.1	1.1	1.1	1.2	1.2
Nonfood industries		(In thousands of metric tons)
	Wood processing	5.9	5.5	4.7	4.9	6.0	10.9
	Wood products	2.9	5.1	4.3	4.4	4.2	9.0
	Soap	2.6	2.7	2.7	2.8	2.8	2.9

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 8.

Guinea-Bissau: Electricity and Water Production, 1990-95

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 8.

Guinea-Bissau: Electricity and Water Production, 1990-95

		1990	1991	1992	1993	1994	1995
		(In megakilowatts)
Electricity production		41,584	48,233	44,029	44,024	44,924	46,302
	Of which: Bissau	(35,540)	(42,040)	(37,704)	(37,553)	(38,304)	(39,530)
		(In millions of cubic meters)
Water production		4,846	5,179	5,437	5,730	6,042	6,371
	Of which: Bissau	(4,000)	(4,314)	(4,552)	(4,825)	(5,116)	(5,423)

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 8.

Guinea-Bissau: Electricity and Water Production, 1990-95

		1990	1991	1992	1993	1994	1995
		(In megakilowatts)
Electricity production		41,584	48,233	44,029	44,024	44,924	46,302
	Of which: Bissau	(35,540)	(42,040)	(37,704)	(37,553)	(38,304)	(39,530)
		(In millions of cubic meters)
Water production		4,846	5,179	5,437	5,730	6,042	6,371
	Of which: Bissau	(4,000)	(4,314)	(4,552)	(4,825)	(5,116)	(5,423)

Source: National Statistics and Census Institute (INEC), Ministry of Planning and International Cooperation.

Table 9.

Guinea-Bissau: Income Distribution, 1991 ^1/

Source: World Development Report, World Bank, 1996.

^{^1/}Refers to expenditure shares by fractiles of nationals.

Table 9.

Guinea-Bissau: Income Distribution, 1991 ^1/

Percentage share of population ranked by share of consumption per capita		Percentage share of consumption
Highest 20 percent		58.9
	Of which: highest 10 percent	(42.4)
Fourth quintile		20.6
Third quintile		12.0
Second quintile		6.5
Lowest 20 percent		2.1
	Of which: lowest 10 percent	(0.5)
Memorandum item:
	Gini index	56.2

Source: World Development Report, World Bank, 1996.

^{^1/}Refers to expenditure shares by fractiles of nationals.

Table 9.

Guinea-Bissau: Income Distribution, 1991 ^1/

Percentage share of population ranked by share of consumption per capita		Percentage share of consumption
Highest 20 percent		58.9
	Of which: highest 10 percent	(42.4)
Fourth quintile		20.6
Third quintile		12.0
Second quintile		6.5
Lowest 20 percent		2.1
	Of which: lowest 10 percent	(0.5)
Memorandum item:
	Gini index	56.2

Source: World Development Report, World Bank, 1996.

^{^1/}Refers to expenditure shares by fractiles of nationals.

Table 10.

Guinea-Bissau: Consumer Price Indices, 1991-96

Source: Directorate-General of Statistics, Ministry of Planning and International Cooperation.

^{^1/}The CPI covers only Bissau and three commodity groups (weights in parenthesis) - food (0.830), beverages (0.061), and tobacco (0.109).

^{^2/}Average inflation during last 12 months.

Table 10.

Guinea-Bissau: Consumer Price Indices, 1991-96

				1991	1992	1993	1994	1995	1996
Period average basis
	Indices (February 1986=100)
		Total CPI ^1/		1.696	2,873	4,259	4,905	7,132	11,165
			Food	1,725	2,931	4,427	5,068	7,161	…
			Beverages	1,332	2,482	3,139	3,415	6,632	…
			Tobacco	1,686	2,646	3,616	4,511	7,200	…
	Changes from previous period (in percent) ^2/
		Total CPI ^1/		57.6	69.4	48.2	15.2	45.4	56.6
			Food	61.1	69.9	63.1	14.5	41.3	…
			Beverages	28.3	86.3	26.5	8.8	94.2	…
			Tobacco	48.6	56.9	36.3	24.7	59.6	…
End-of-period basis
	Indices (February 1986=100)
		Total CPI ^1/		1.906	3.559	4.652	5.548	8.306	13.756
			Food	1,908	3,590	4,820	5,749	8,165	13,433
			Beverages	1,857	3,281	2,643	4,469	8,478	11,835
			Tobacco	1,922	3,479	4,502	4,643	9,264	17,241
	Changes from previous period (in percent)
		Total CPI ^1/		60.1	86.7	30.7	19.3	49.7	65.6
			Food	58.4	88.2	34.3	19.3	42.0	64.5
			Beverages	74.5	76.7	-19.4	69.1	89.7	39.6
			Tobacco	66.4	81.0	29.4	3.1	99.5	86.1

Source: Directorate-General of Statistics, Ministry of Planning and International Cooperation.

^{^1/}The CPI covers only Bissau and three commodity groups (weights in parenthesis) - food (0.830), beverages (0.061), and tobacco (0.109).

^{^2/}Average inflation during last 12 months.

Table 10.

Guinea-Bissau: Consumer Price Indices, 1991-96

				1991	1992	1993	1994	1995	1996
Period average basis
	Indices (February 1986=100)
		Total CPI ^1/		1.696	2,873	4,259	4,905	7,132	11,165
			Food	1,725	2,931	4,427	5,068	7,161	…
			Beverages	1,332	2,482	3,139	3,415	6,632	…
			Tobacco	1,686	2,646	3,616	4,511	7,200	…
	Changes from previous period (in percent) ^2/
		Total CPI ^1/		57.6	69.4	48.2	15.2	45.4	56.6
			Food	61.1	69.9	63.1	14.5	41.3	…
			Beverages	28.3	86.3	26.5	8.8	94.2	…
			Tobacco	48.6	56.9	36.3	24.7	59.6	…
End-of-period basis
	Indices (February 1986=100)
		Total CPI ^1/		1.906	3.559	4.652	5.548	8.306	13.756
			Food	1,908	3,590	4,820	5,749	8,165	13,433
			Beverages	1,857	3,281	2,643	4,469	8,478	11,835
			Tobacco	1,922	3,479	4,502	4,643	9,264	17,241
	Changes from previous period (in percent)
		Total CPI ^1/		60.1	86.7	30.7	19.3	49.7	65.6
			Food	58.4	88.2	34.3	19.3	42.0	64.5
			Beverages	74.5	76.7	-19.4	69.1	89.7	39.6
			Tobacco	66.4	81.0	29.4	3.1	99.5	86.1

Source: Directorate-General of Statistics, Ministry of Planning and International Cooperation.

^{^1/}The CPI covers only Bissau and three commodity groups (weights in parenthesis) - food (0.830), beverages (0.061), and tobacco (0.109).

^{^2/}Average inflation during last 12 months.

Table 11.

Guinea-Bissau: Central Government Operations, 1991-96

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

^{^1/}Current budget, excluding scheduled external interest payments.

Table 11.

Guinea-Bissau: Central Government Operations, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In billions of Guinea-Bissau pesos)
Total revenue and grants				262.7	415.5	653.3	822.7	1,328.7	1,642.5
	Total revenue			116.4	168.0	249.3	375.8	580.8	899.5
		Tax revenue		563	60.2	121.0	207.4	317.7	487.0
			Of which: international trade taxes	(33.4)	(313)	(73.5)	(134.6)	(159.0)	(292.4)
		Nontax revenue		60.2	107.7	128.3	168.4	263.1	412.5
			Of which: fishing licenses	(52.3)	(99.5)	(113.7)	(150.6)	(219.1)	(358.4)
	Grants			146.2	247.5	404.1	447.0	747.9	743.0
		Marketable food aid		13.2	0.0	0.0	0.0	41.5	7.1
		Balance of payments support		13.3	49.9	35.3	21.8	267.2	121.3
		Project aid		119.7	197.5	368.8	425.2	439.2	614.6
Total expenditure and net lending				427.4	755.4	963.4	1,078.2	1,395.2	2,379.2
	Current expenditure			164.6	250.7	343.3	440.8	703.3	1,126.0
		Wages and salaries		43.9	60.1	77.9	80.8	128.2	171.4
		Other goods and services		56.0	80.8	90.4	135.6	165.9	363.3
		Transfers		14.7	36.8	37.5	60.5	103.3	118.0
		Scheduled external interest payments		49.9	72.9	137.4	163.9	305.9	473.3
	Capital expenditure			218.0	445.4	587.6	619.6	695.7	1,062.2
		Of which: domestically financed		(16.0)	(2.3)	(2.8)	(2.5)	(10.0)	(78.4)
	Net lending			44.9	59.3	32.6	17.8	-3.7	191.0
		Of which: privatization revenues		(0.0)	(-19.4)	(-4.4)	(0.0)	(-4.0)	(-38.7)
Overall balance
	Excluding grants			-311.0	-587.4	-714.2	-702.4	-814.5	-1479.7
	Including grants			-164.8	-339.9	-310.1	-255.5	-66.6	-736.7
Changes in external interest arrears				42.1	60.5	64.8	136.4	-614.6	-10.4
Changes in donestic arrears				0.0	25.6	-7.9	-3.1	-9.4	-92.0
Float and errors and omissions (net)				20.7	-163	-16.6	-18.1	109.2	-26.4
Overall balance (cash basis)				-102.0	-270.1	-269.8	-140.4	-581.3	-865.5
Financing				102.0	270.1	269.8	140.4	581.3	865.5
	Domestic banking system (net)			-31.1	33.7	0.3	-22.2	-184.9	227.5
	Foreign (net)			94.4	226.0	116.7	158.5	(2,615.1)	(656.2)
		Drawings		134.3	245.6	225.2	231.4	338.7	502.7
			Balance of payments loans	52.1	0.0	9.3	39.5	92.2	133.5
			Project loans	82.2	245.6	216.0	191.9	246.5	369.2
		Amortization		-114.2	-230.8	-348.3	-481.3	(649.9)	(779.8)
		Changes in principal external arrears		74.3	211.3	239.8	408.3	(2303.8)	(379.1)
	Debt relief			38.8	10.4	152.8	4.1	3,381.3	1,294.2
				(In percent of GDP)
Total revenue				12.4	10.7	10.4	12.4	12.7	12.6
	(excluding fishing licenses)			(8.8)	(8.7)	(7.4)	(7.9)	(9.2)	(8.5)
Current expenditure				17.5	15.9	14.4	14.5	15.3	15.8
Capital expenditure				23.2	28.3	24.6	20.4	15.2	14.9
Primary balance ^1/				0.2	-0.6	1.8	3.3	4.0	3.5
Overall balance (commitment basis)
	Excluding grants			-33.0	-37.3	-29.9	-23.1	-17.7	-17.5

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

^{^1/}Current budget, excluding scheduled external interest payments.

Table 11.

Guinea-Bissau: Central Government Operations, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In billions of Guinea-Bissau pesos)
Total revenue and grants				262.7	415.5	653.3	822.7	1,328.7	1,642.5
	Total revenue			116.4	168.0	249.3	375.8	580.8	899.5
		Tax revenue		563	60.2	121.0	207.4	317.7	487.0
			Of which: international trade taxes	(33.4)	(313)	(73.5)	(134.6)	(159.0)	(292.4)
		Nontax revenue		60.2	107.7	128.3	168.4	263.1	412.5
			Of which: fishing licenses	(52.3)	(99.5)	(113.7)	(150.6)	(219.1)	(358.4)
	Grants			146.2	247.5	404.1	447.0	747.9	743.0
		Marketable food aid		13.2	0.0	0.0	0.0	41.5	7.1
		Balance of payments support		13.3	49.9	35.3	21.8	267.2	121.3
		Project aid		119.7	197.5	368.8	425.2	439.2	614.6
Total expenditure and net lending				427.4	755.4	963.4	1,078.2	1,395.2	2,379.2
	Current expenditure			164.6	250.7	343.3	440.8	703.3	1,126.0
		Wages and salaries		43.9	60.1	77.9	80.8	128.2	171.4
		Other goods and services		56.0	80.8	90.4	135.6	165.9	363.3
		Transfers		14.7	36.8	37.5	60.5	103.3	118.0
		Scheduled external interest payments		49.9	72.9	137.4	163.9	305.9	473.3
	Capital expenditure			218.0	445.4	587.6	619.6	695.7	1,062.2
		Of which: domestically financed		(16.0)	(2.3)	(2.8)	(2.5)	(10.0)	(78.4)
	Net lending			44.9	59.3	32.6	17.8	-3.7	191.0
		Of which: privatization revenues		(0.0)	(-19.4)	(-4.4)	(0.0)	(-4.0)	(-38.7)
Overall balance
	Excluding grants			-311.0	-587.4	-714.2	-702.4	-814.5	-1479.7
	Including grants			-164.8	-339.9	-310.1	-255.5	-66.6	-736.7
Changes in external interest arrears				42.1	60.5	64.8	136.4	-614.6	-10.4
Changes in donestic arrears				0.0	25.6	-7.9	-3.1	-9.4	-92.0
Float and errors and omissions (net)				20.7	-163	-16.6	-18.1	109.2	-26.4
Overall balance (cash basis)				-102.0	-270.1	-269.8	-140.4	-581.3	-865.5
Financing				102.0	270.1	269.8	140.4	581.3	865.5
	Domestic banking system (net)			-31.1	33.7	0.3	-22.2	-184.9	227.5
	Foreign (net)			94.4	226.0	116.7	158.5	(2,615.1)	(656.2)
		Drawings		134.3	245.6	225.2	231.4	338.7	502.7
			Balance of payments loans	52.1	0.0	9.3	39.5	92.2	133.5
			Project loans	82.2	245.6	216.0	191.9	246.5	369.2
		Amortization		-114.2	-230.8	-348.3	-481.3	(649.9)	(779.8)
		Changes in principal external arrears		74.3	211.3	239.8	408.3	(2303.8)	(379.1)
	Debt relief			38.8	10.4	152.8	4.1	3,381.3	1,294.2
				(In percent of GDP)
Total revenue				12.4	10.7	10.4	12.4	12.7	12.6
	(excluding fishing licenses)			(8.8)	(8.7)	(7.4)	(7.9)	(9.2)	(8.5)
Current expenditure				17.5	15.9	14.4	14.5	15.3	15.8
Capital expenditure				23.2	28.3	24.6	20.4	15.2	14.9
Primary balance ^1/				0.2	-0.6	1.8	3.3	4.0	3.5
Overall balance (commitment basis)
	Excluding grants			-33.0	-37.3	-29.9	-23.1	-17.7	-17.5

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

^{^1/}Current budget, excluding scheduled external interest payments.

Table 12.

Guinea-Bissau: Central Government Revenue, 1991-96

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

Table 12.

Guinea-Bissau: Central Government Revenue, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In billions of Guinea-Bissau pesos)
Tax revenue				56.3	60.2	121.0	207.4	317.7	487.0
	Income taxes			6.9	11.5	18.0	25.2	45.7	…
		Business profits		3.8	6.2	9.2	11.8	28.0	…
		Individuals		2.1	2.9	5.4	9.5	12.0	…
			Salaries and fees	0.9	1.3	2.1	3.0	6.3	…
			Rental income	1.3	1.7	3.3	6.5	5.7	…
		Complementary tax		0.8	1.7	1.9	2.2	4.7	…
		Capital tax		0.1	0.2	0.5	1.5	1.0	…
		Other taxes		0.1	0.5	0.9	0.3	0.0	…
	Property tax			0.0	0.0	0.0	0.0	0.4	…
	Consumption taxes			12.7	12.6	23.4	27.7	97.9	…
		On imports		11.9	11.6	22.2	25.6	95.1	…
		On local production		0.8	1.0	1.2	2.1	2.8	…
	Taxes on international trade			33.4	31.3	73.5	134.6	159.0	292.4
		Import duties		13.5	12.4	25.2	33.5	60.3	…
		Export taxes		11.3	5.7	18.0	57.5	25.9	…
		Port service charges		8.5	13.2	30.4	43.7	72.8	…
	Other taxes			3.2	4.9	6.1	19.9	14.7	…
Nontax revenues				60.2	107.7	128.3	168.4	263.1	412.5
	Entrepreneurial and property income			0.6	1.3	1.3	1.5	15.7	…
	Fees and duties			52.7	100.1	114.7	151.3	228.1	…
		Of which: fishing licenses		(52.3)	(99.5)	(113.7)	(150.6)	(219.1)	(358.4)
	Civil servants’ social security contributions			1.8	1.9	3.5	4.3	6.4	…
	Other nontax revenues			5.0	4.4	8.8	11.4	13.0	…
		Total revenue		116.4	168.0	249.3	375.8	580.8	899.5
				(In percent of total revenue)
Tax revenue				48.3	35.9	48.5	55.2	54.7	54.1
	Income taxes			6.0	6.8	7.2	6.7	7.9	…
	Consumption taxes			10.9	7.5	9.4	7.4	16.9	…
	Taxes on international trade			28.7	18.6	29.5	35.8	27.4	32.5
Nontax revenue				51.7	64.1	51.5	44.8	45.3	45.9
	Fishing licenses			44.9	59.2	45.6	40.1	37.7	39.8

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

Table 12.

Guinea-Bissau: Central Government Revenue, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In billions of Guinea-Bissau pesos)
Tax revenue				56.3	60.2	121.0	207.4	317.7	487.0
	Income taxes			6.9	11.5	18.0	25.2	45.7	…
		Business profits		3.8	6.2	9.2	11.8	28.0	…
		Individuals		2.1	2.9	5.4	9.5	12.0	…
			Salaries and fees	0.9	1.3	2.1	3.0	6.3	…
			Rental income	1.3	1.7	3.3	6.5	5.7	…
		Complementary tax		0.8	1.7	1.9	2.2	4.7	…
		Capital tax		0.1	0.2	0.5	1.5	1.0	…
		Other taxes		0.1	0.5	0.9	0.3	0.0	…
	Property tax			0.0	0.0	0.0	0.0	0.4	…
	Consumption taxes			12.7	12.6	23.4	27.7	97.9	…
		On imports		11.9	11.6	22.2	25.6	95.1	…
		On local production		0.8	1.0	1.2	2.1	2.8	…
	Taxes on international trade			33.4	31.3	73.5	134.6	159.0	292.4
		Import duties		13.5	12.4	25.2	33.5	60.3	…
		Export taxes		11.3	5.7	18.0	57.5	25.9	…
		Port service charges		8.5	13.2	30.4	43.7	72.8	…
	Other taxes			3.2	4.9	6.1	19.9	14.7	…
Nontax revenues				60.2	107.7	128.3	168.4	263.1	412.5
	Entrepreneurial and property income			0.6	1.3	1.3	1.5	15.7	…
	Fees and duties			52.7	100.1	114.7	151.3	228.1	…
		Of which: fishing licenses		(52.3)	(99.5)	(113.7)	(150.6)	(219.1)	(358.4)
	Civil servants’ social security contributions			1.8	1.9	3.5	4.3	6.4	…
	Other nontax revenues			5.0	4.4	8.8	11.4	13.0	…
		Total revenue		116.4	168.0	249.3	375.8	580.8	899.5
				(In percent of total revenue)
Tax revenue				48.3	35.9	48.5	55.2	54.7	54.1
	Income taxes			6.0	6.8	7.2	6.7	7.9	…
	Consumption taxes			10.9	7.5	9.4	7.4	16.9	…
	Taxes on international trade			28.7	18.6	29.5	35.8	27.4	32.5
Nontax revenue				51.7	64.1	51.5	44.8	45.3	45.9
	Fishing licenses			44.9	59.2	45.6	40.1	37.7	39.8

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

Table 13.

Guinea-Bissau: Central Government Expenditure, 1991-96

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

Table 13.

Guinea-Bissau: Central Government Expenditure, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In billions of Guinea-Bissau pesos)
Current expenditure				164.6	250.7	343.3	440.8	703.3	1,126.0
	Wages and salaries			43.9	60.1	77.9	80.8	128.2	171.4
		Permanent staff		11.6	13.5	17.5	14.4	17.9	…
		Other remunerations		32.3	46.6	60.4	66.4	110.2	…
	Goods and services			56.0	80.8	90.4	135.6	165.9	363.3
		Durable goods		0.1	0.1	0.0	3.0	3.3	…
		Nondurable goods		16.3	10.1	10.9	12.4	12.9	…
			Of which: gasoline	(5.7)	(6.6)	(7.1)	(8.1)	(8.3)	(…)
		Acquisition of goods and services		11.8	30.7	35.6	37.2	35.0	…
			Of which: electricity and water	(5.1)	(21.0)	(19.4)	(23.7)	(9.9)	(…)
		Food and housing		3.2	4.6	10.4	31.7	35.8	…
		Clothing		0.7	0.2	0.3	0.7	0.6	…
		Travel		7.0	9.9	14.2	17.3	33.8	…
		Maintenance		2.1	2.9	5.9	6.3	11.3	…
		Other		14.8	22.3	13.2	26.8	33.1	…
	Transfers			14.7	36.8	37.5	60.5	103.3	118.0
		Civil servants and other individuals		10.5	18.7	20.1	21.0	51.5	…
		Rest of public administration		0.6	0.6	2.0	2.9	3.3	…
		Public enterprises		0.3	1.1	0.7	26.7	35.2	…
		Abroad		3.4	1.8	1.8	0.0	5.7	…
		Voluntary departure program		0.0	14.6	13.0	10.0	7.8	…
	Scheduled external interest payments			49.9	72.9	137.4	163.9	305.9	473.3
Capital expenditure				218.0	445.4	587.6	619.6	695.7	1,062.2
	Foreign-financed			201.9	443.1	584.7	617.1	685.7	…
	Domestically-financed			16.0	2.3	2.8	2.5	10.0	…
			Total expenditure	382.5	696.1	930.9	1,060.4	1,399.0	2,188.2
				(In percent of current expenditure)
Wages and salaries				26.7	24.0	22.7	18.3	18.2	15.2
Goods and services				34.1	32.2	26.3	30.8	23.6	32.3
Transfers				8.9	14.7	10.9	13.7	14.7	10.5
Scheduled external interest payments				30.3	29.1	40.0	37.2	43.5	42.0
Social expenditure				…	20.6	23.6	22.5	20.6	…
Military expenditure				…	7.1	9.6	9.4	10.1	…
				(In percent of GDP)
Wages and salaries				4.7	3.8	3.3	2.7	2.8	2.4
Goods and services				6.0	5.1	3.8	4.5	3.6	5.1
Transfers				1.6	2.3	1.6	2.0	2.3	1.7

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

Table 13.

Guinea-Bissau: Central Government Expenditure, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In billions of Guinea-Bissau pesos)
Current expenditure				164.6	250.7	343.3	440.8	703.3	1,126.0
	Wages and salaries			43.9	60.1	77.9	80.8	128.2	171.4
		Permanent staff		11.6	13.5	17.5	14.4	17.9	…
		Other remunerations		32.3	46.6	60.4	66.4	110.2	…
	Goods and services			56.0	80.8	90.4	135.6	165.9	363.3
		Durable goods		0.1	0.1	0.0	3.0	3.3	…
		Nondurable goods		16.3	10.1	10.9	12.4	12.9	…
			Of which: gasoline	(5.7)	(6.6)	(7.1)	(8.1)	(8.3)	(…)
		Acquisition of goods and services		11.8	30.7	35.6	37.2	35.0	…
			Of which: electricity and water	(5.1)	(21.0)	(19.4)	(23.7)	(9.9)	(…)
		Food and housing		3.2	4.6	10.4	31.7	35.8	…
		Clothing		0.7	0.2	0.3	0.7	0.6	…
		Travel		7.0	9.9	14.2	17.3	33.8	…
		Maintenance		2.1	2.9	5.9	6.3	11.3	…
		Other		14.8	22.3	13.2	26.8	33.1	…
	Transfers			14.7	36.8	37.5	60.5	103.3	118.0
		Civil servants and other individuals		10.5	18.7	20.1	21.0	51.5	…
		Rest of public administration		0.6	0.6	2.0	2.9	3.3	…
		Public enterprises		0.3	1.1	0.7	26.7	35.2	…
		Abroad		3.4	1.8	1.8	0.0	5.7	…
		Voluntary departure program		0.0	14.6	13.0	10.0	7.8	…
	Scheduled external interest payments			49.9	72.9	137.4	163.9	305.9	473.3
Capital expenditure				218.0	445.4	587.6	619.6	695.7	1,062.2
	Foreign-financed			201.9	443.1	584.7	617.1	685.7	…
	Domestically-financed			16.0	2.3	2.8	2.5	10.0	…
			Total expenditure	382.5	696.1	930.9	1,060.4	1,399.0	2,188.2
				(In percent of current expenditure)
Wages and salaries				26.7	24.0	22.7	18.3	18.2	15.2
Goods and services				34.1	32.2	26.3	30.8	23.6	32.3
Transfers				8.9	14.7	10.9	13.7	14.7	10.5
Scheduled external interest payments				30.3	29.1	40.0	37.2	43.5	42.0
Social expenditure				…	20.6	23.6	22.5	20.6	…
Military expenditure				…	7.1	9.6	9.4	10.1	…
				(In percent of GDP)
Wages and salaries				4.7	3.8	3.3	2.7	2.8	2.4
Goods and services				6.0	5.1	3.8	4.5	3.6	5.1
Transfers				1.6	2.3	1.6	2.0	2.3	1.7

Source: Directorate-General of the Conjuncture and Forecasting, Ministry of Finance.

Table 14.

Guinea-Bissau: Central Government Current Primary Expenditure by Agency, 1994-96

(In billions of Guinea-Bissau pesos)

Sources: Directorate-General of the Civil Service, Ministry of the Civil Service and Labor; and Directorate-General of Public Accounting and Budget, Ministry of Finance.

^{^1/}Not in existence before ministerial restructuring of January 15,1996.

Table 14.

Guinea-Bissau: Central Government Current Primary Expenditure by Agency, 1994-96

(In billions of Guinea-Bissau pesos)

			1994	1995	1996 Prel.
Presidency			16	23	…
National Assembly			3	28	…
Prime Minister’s Office			1	6	…
Courts of Law			1	2	…
State Attorney’s Office			1	1	…
Ministries
	Civil Service and Labor (MFPT)		2	2	…
	Commerce (MC)		1	2	…
	Defense (MDN)		26	40	…
	Education (MEN)		28	49	…
	Energy, Industry, and Natural Resources (MEERN)		4	5	…
	Finance (MF)		17	28	…
	Fisheries (MP)		3	4	…
	Foreign Affairs and Guinean Communities (MNECG)		39	47	…
		Of which: embassies	(35)	(44)	…
	Home Affairs (MI)		24	32	…
	Justice (MJ)		2	3	…
	Planning and International Cooperation (MPCI)		2	5	…
	Public Health (MSP)		29	29	…
	Public Works, Construction, and Urbanism (MOPCU)		5	7	…
	Rural Development and Agriculture (MDRA)		9	12	…
	Social Affairs and Women’s Promotion (MASPF)		1	4	…
	Territorial Administration (MAT) ^1/		…	…	…
	Tourism, Environment, and Crafts (MTAA)		1	1	…
	Transport and Telecommunications (MTT) ^1/		…	…	…
	Youth, Culture, and Sports (MJCD)		5	7	…
	Veterans Affairs (MCLP)		4	2	…
Secretariat of State of Social Communications (SECS)			3	4	…
Social security contributions			20	45	…
Other common expenditures			30	9	…
Total current primary expenditures			277	397	653

Sources: Directorate-General of the Civil Service, Ministry of the Civil Service and Labor; and Directorate-General of Public Accounting and Budget, Ministry of Finance.

^{^1/}Not in existence before ministerial restructuring of January 15,1996.

Table 14.

Guinea-Bissau: Central Government Current Primary Expenditure by Agency, 1994-96

(In billions of Guinea-Bissau pesos)

			1994	1995	1996 Prel.
Presidency			16	23	…
National Assembly			3	28	…
Prime Minister’s Office			1	6	…
Courts of Law			1	2	…
State Attorney’s Office			1	1	…
Ministries
	Civil Service and Labor (MFPT)		2	2	…
	Commerce (MC)		1	2	…
	Defense (MDN)		26	40	…
	Education (MEN)		28	49	…
	Energy, Industry, and Natural Resources (MEERN)		4	5	…
	Finance (MF)		17	28	…
	Fisheries (MP)		3	4	…
	Foreign Affairs and Guinean Communities (MNECG)		39	47	…
		Of which: embassies	(35)	(44)	…
	Home Affairs (MI)		24	32	…
	Justice (MJ)		2	3	…
	Planning and International Cooperation (MPCI)		2	5	…
	Public Health (MSP)		29	29	…
	Public Works, Construction, and Urbanism (MOPCU)		5	7	…
	Rural Development and Agriculture (MDRA)		9	12	…
	Social Affairs and Women’s Promotion (MASPF)		1	4	…
	Territorial Administration (MAT) ^1/		…	…	…
	Tourism, Environment, and Crafts (MTAA)		1	1	…
	Transport and Telecommunications (MTT) ^1/		…	…	…
	Youth, Culture, and Sports (MJCD)		5	7	…
	Veterans Affairs (MCLP)		4	2	…
Secretariat of State of Social Communications (SECS)			3	4	…
Social security contributions			20	45	…
Other common expenditures			30	9	…
Total current primary expenditures			277	397	653

Sources: Directorate-General of the Civil Service, Ministry of the Civil Service and Labor; and Directorate-General of Public Accounting and Budget, Ministry of Finance.

^{^1/}Not in existence before ministerial restructuring of January 15,1996.

Table 15.

Guinea-Bissau: Sectoral Distribution of Public Investment Program Outlays, 1994-June 1996

(In millions of U.S. dollars)

Sources: Bureau of Strategic Planning, Ministry of Planning and International Cooperation; and World Bank estimates.

Table 15.

Guinea-Bissau: Sectoral Distribution of Public Investment Program Outlays, 1994-June 1996

(In millions of U.S. dollars)

			1994	1995	1996
					Jan.-June
Rural development			4.0	2.0	0.3
Fisheries			0.5	—	—
Mining			—	0.1	…
Water resources			3.0	9.1	6.2
Industry			—	0.3	—
Energy			2.6	2.2	3.1
Public infrastructure			15.0	5.0	0.9
Transport			1.6	1.7	…
Tourism			0.1		—
Health			5.0	5.6	1.0
Education and culture			4.6	7.0	4.1
Social affairs			…	—	—
Economic and administrative management			…	1.9	3.6
Regional development			…	0.1	—
Unspecified			1.7	3.5	1.8
Total			38.1	38.5	21.0
Memorandum items:
	External financing of PIP		37.9	38.0	19.2
		Grants	33.0	24.4	13.6
		Loans	14.9	13.6	5.6
	Domestic financing of PIP		0.2	0.5	1.8

Sources: Bureau of Strategic Planning, Ministry of Planning and International Cooperation; and World Bank estimates.

Table 15.

Guinea-Bissau: Sectoral Distribution of Public Investment Program Outlays, 1994-June 1996

(In millions of U.S. dollars)

			1994	1995	1996
					Jan.-June
Rural development			4.0	2.0	0.3
Fisheries			0.5	—	—
Mining			—	0.1	…
Water resources			3.0	9.1	6.2
Industry			—	0.3	—
Energy			2.6	2.2	3.1
Public infrastructure			15.0	5.0	0.9
Transport			1.6	1.7	…
Tourism			0.1		—
Health			5.0	5.6	1.0
Education and culture			4.6	7.0	4.1
Social affairs			…	—	—
Economic and administrative management			…	1.9	3.6
Regional development			…	0.1	—
Unspecified			1.7	3.5	1.8
Total			38.1	38.5	21.0
Memorandum items:
	External financing of PIP		37.9	38.0	19.2
		Grants	33.0	24.4	13.6
		Loans	14.9	13.6	5.6
	Domestic financing of PIP		0.2	0.5	1.8

Sources: Bureau of Strategic Planning, Ministry of Planning and International Cooperation; and World Bank estimates.

Table 16.

Guinea-Bissau: Civil Service Employment and Developments Under the Voluntary Departure Program, 1992-96

Sources: Directorate-General of the Civil Service, Ministry of the Civil Service and Labor, and Directorate-General of Public Accounting and Budget, Ministry of Finance.

^{^1/}The 1996 figures reflect the results of the census of the civil service completed in 1996 and are not fully comparable with previous years, which were based on payroll lists employed by the Ministry of Finance.

^{^2/}The military personnel assigned to the Presidency are accounted for under the Ministry of Defense and the Ministry of Home Affairs.

^{^3/}In the absence of detailed information, all Ministry of Defense and Ministry of Home Affairs staff are counted as military personnel.

^{^4/}Does not include embassies’ staff.

^{^5/}Not in existence before ministerial restructuring of January 15,1996.

^{^6/}Corresponds to an estimated number of contractual teachers whose situation is being regularized.

^{^7/}Includes payments to retrenched military personnel.

Table 16.

Guinea-Bissau: Civil Service Employment and Developments Under the Voluntary Departure Program, 1992-96

				1992	1993	1994	1995	1996 ^1/
						December
				(In number of staff; end of period)
Total government payroll				…	…	20,095	19310	18,492
	Civil servants			15,056	14,314	13,646	13,263	12,672
		Presidency ^2/		…	…	234	238	183
		National Assembly		…	…	…	…	…
		Prime Minister’s Office		…	…	34	28	92
		Courts of Law		…	…	112	92	159
		State Attorney’s Office		…	…	33	31	78
		Ministries
			Civil Service and Labor (MFPT)	…	…	62	63	77
			Commerce (MC)	…	…	139	125	116
			Defense (MDN) ^3/	…	…	…	…	…
			Education (MEN)	…	…	5,552	5,552	4,916
			Energy, Industry, and Natural Resources (MEIRN)	…	…	472	412	371
			Finance (MF)	…	…	758	679	663
			Fisheries (MP)	…	…	199	183	174
			Foreign Affairs and Guinean Communities (MNECO) ^4/	…	…	92	92	80
			Home Affairs (MI) ^3/	…	…	…	…	…
			Justice (MJ)	…	…	211	210	198
			Planning and International Cooperation (MPCI)	…	…	133	130	115
			Public Health (MSP)	…	…	2,356	2,341	2,256
			Public Works, Construction, and Urbanism (MOPCU)	^5/	^5/	^5/	^5/	260
			Rural Development and Agriculture (MDRA)	…	…	1,555	1,550	1,097
			Social Affairs and Women’s Promotion (MASPF)	…	…	256	206	173
			Territorial Administration (MAT)	^5/	^5/	^5/	^5/	138
			Tourism, Environment, and Crafts (MTAA)	…	…	66	61	54
			Transport and Telecommunications (MTT)	^5/	^5/	^5/	^5/	197
			Youth, Culture, and Sports (MJCD)	…	…	374	372	314
			Veterans Affairs (MCLP)	…	…	69	64	54
	Secretariat of State of Social Communications (SECS)			…	…	102	68	…
	Inactive staff			…	…	…	…	12
	Other ^6/			…	…	…	…	895
Military personnel ^2/				…	…	6,449	6,047	5,820
	Ministry of Defense (MDN) ^3/			…	…	2,992	2,635	2,576
	Ministry of Home Affairs (MAI) ^3/			…	…	3,457	3,412	3,244
Net changes from end of previous year				…	…	…	-785	… ^1/
Civil service				-1,043	-742	688	-383	… ^1/
	Terminations
		Under the Voluntary Departure Program		-1,043	-742	-764	-114	-319
		Other		…	…	…	-269	…
	New hirings			…	…	96	…	…
Military				…	…	…	-402	-33
				(In millions of Guinea-Bissau pesos)
Memorandum items:
	Total outlays under the Voluntary Departure Program			14,618	12,975	10,000	7,753 ^7/	8,163 ^7/
	Average compensation paid			13.6	17.5	13.1	…	22.1
	Monthly wage in the civil service
		Year average		.30	.40	.43	.72	.83
		Minimum (end-of-period)		.20	.30	.30	.45	.60

Sources: Directorate-General of the Civil Service, Ministry of the Civil Service and Labor, and Directorate-General of Public Accounting and Budget, Ministry of Finance.

^{^2/}The military personnel assigned to the Presidency are accounted for under the Ministry of Defense and the Ministry of Home Affairs.

^{^3/}In the absence of detailed information, all Ministry of Defense and Ministry of Home Affairs staff are counted as military personnel.

^{^4/}Does not include embassies’ staff.

^{^5/}Not in existence before ministerial restructuring of January 15,1996.

^{^6/}Corresponds to an estimated number of contractual teachers whose situation is being regularized.

^{^7/}Includes payments to retrenched military personnel.

Table 16.

Guinea-Bissau: Civil Service Employment and Developments Under the Voluntary Departure Program, 1992-96

				1992	1993	1994	1995	1996 ^1/
						December
				(In number of staff; end of period)
Total government payroll				…	…	20,095	19310	18,492
	Civil servants			15,056	14,314	13,646	13,263	12,672
		Presidency ^2/		…	…	234	238	183
		National Assembly		…	…	…	…	…
		Prime Minister’s Office		…	…	34	28	92
		Courts of Law		…	…	112	92	159
		State Attorney’s Office		…	…	33	31	78
		Ministries
			Civil Service and Labor (MFPT)	…	…	62	63	77
			Commerce (MC)	…	…	139	125	116
			Defense (MDN) ^3/	…	…	…	…	…
			Education (MEN)	…	…	5,552	5,552	4,916
			Energy, Industry, and Natural Resources (MEIRN)	…	…	472	412	371
			Finance (MF)	…	…	758	679	663
			Fisheries (MP)	…	…	199	183	174
			Foreign Affairs and Guinean Communities (MNECO) ^4/	…	…	92	92	80
			Home Affairs (MI) ^3/	…	…	…	…	…
			Justice (MJ)	…	…	211	210	198
			Planning and International Cooperation (MPCI)	…	…	133	130	115
			Public Health (MSP)	…	…	2,356	2,341	2,256
			Public Works, Construction, and Urbanism (MOPCU)	^5/	^5/	^5/	^5/	260
			Rural Development and Agriculture (MDRA)	…	…	1,555	1,550	1,097
			Social Affairs and Women’s Promotion (MASPF)	…	…	256	206	173
			Territorial Administration (MAT)	^5/	^5/	^5/	^5/	138
			Tourism, Environment, and Crafts (MTAA)	…	…	66	61	54
			Transport and Telecommunications (MTT)	^5/	^5/	^5/	^5/	197
			Youth, Culture, and Sports (MJCD)	…	…	374	372	314
			Veterans Affairs (MCLP)	…	…	69	64	54
	Secretariat of State of Social Communications (SECS)			…	…	102	68	…
	Inactive staff			…	…	…	…	12
	Other ^6/			…	…	…	…	895
Military personnel ^2/				…	…	6,449	6,047	5,820
	Ministry of Defense (MDN) ^3/			…	…	2,992	2,635	2,576
	Ministry of Home Affairs (MAI) ^3/			…	…	3,457	3,412	3,244
Net changes from end of previous year				…	…	…	-785	… ^1/
Civil service				-1,043	-742	688	-383	… ^1/
	Terminations
		Under the Voluntary Departure Program		-1,043	-742	-764	-114	-319
		Other		…	…	…	-269	…
	New hirings			…	…	96	…	…
Military				…	…	…	-402	-33
				(In millions of Guinea-Bissau pesos)
Memorandum items:
	Total outlays under the Voluntary Departure Program			14,618	12,975	10,000	7,753 ^7/	8,163 ^7/
	Average compensation paid			13.6	17.5	13.1	…	22.1
	Monthly wage in the civil service
		Year average		.30	.40	.43	.72	.83
		Minimum (end-of-period)		.20	.30	.30	.45	.60

Sources: Directorate-General of the Civil Service, Ministry of the Civil Service and Labor, and Directorate-General of Public Accounting and Budget, Ministry of Finance.

^{^2/}The military personnel assigned to the Presidency are accounted for under the Ministry of Defense and the Ministry of Home Affairs.

^{^3/}In the absence of detailed information, all Ministry of Defense and Ministry of Home Affairs staff are counted as military personnel.

^{^4/}Does not include embassies’ staff.

^{^5/}Not in existence before ministerial restructuring of January 15,1996.

^{^6/}Corresponds to an estimated number of contractual teachers whose situation is being regularized.

^{^7/}Includes payments to retrenched military personnel.

Table 17.

Guinea-Bissau: Status of Public Enterprise Reform, End-December 1996

Source: Managing Unit for the Reform of Public Enterprises (UGREP), Ministry of Finance.

^{^1/}The former state enterprise SOCOTRAM was divested through separate sales of its regional operational divisions.

^{^2/}Three types of private management arrangements have been employed: (i) leasing, under which profits/losses accrue to the Lessee; (ii) management contracts, under which profits/losses accrue to the state; and (iii) concession contracts, which are joint ventures for extended periods with the state holding a minority position.

^{^3/}State became sole owner again in 1996 after private shareholders sold out.

^{^4/}Former road operations divested in 1995.

Table 17.

Guinea-Bissau: Status of Public Enterprise Reform, End-December 1996

Companies	Ownership/divestment status
Companies liquidated or extinct
1. ENAVE (poultry)	Legally extinct in 1980 with incorporation of SUINAVE.
2. Titina Siula (processed fruits)	Out of business in 1988.
3. EGA (automobile maintenance)	Liquidated in 1994.
4. DICOL (petroleum products distribution)	Liquidated in 1995.
5. GUlNAVE (shipyards)	Liquidated in 1995.
6. GUINEGAZ (gas distribution)	Liquidated in 1995.
7. GUINEMAR (shipping)	Liquidated in 1995.
8. JAPG (port authority)	Liquidated in 1995.
9. SILO DIATA (urban transportation)	Liquidated in 1995.
10. FARMEDI (pharmaceuticals import
and distribution)	Liquidated in 1996.
Fully privatised companies
11. Leite Blufo (diary)	Fully privatized in 1992.
12. Fábrica Espuma (mattresses)	Fully privatized in 1993.
13. CMV (automobile maintenance)	Fully privatized in 1995.
14. SOCOTRAM/Bafáta (wood processing) ^1/	Fully privatized in 1996.
IS. CICER (brewery)	Fully privatized in 1996.
16. SUINAVE (pork and poultry)	Fully privatized in 1996.
Companies operated by private management ^2/
17. Fábrica de Plásticos (plastics)	Under leasing contract
18. EAGB (electricity and water)	Under management contract.
19. Estancia Balnear de Bubaque (hotel)	Under management contract.
20. Hotel Hotti-Bissau (hotel)	Under management contract
21. Hotel Dha de Maio (hotel)	Under management contract
22. Hotel 24 de Setembro (hotel)	Under interim management contract. ^3/
Companies put up for tender
23. Complexo Frigorifico Bolola (frozen foods)	Tender opened in 1993; no bids received; interim lease.
24. Granja Agrícola de Gambiel (sugar)	Tender opened in 1995; no bids received.
25. CAIC (agro-industry)	Buyer selected; negotiations being finalized.
26. FOLBI (wood products)	Buyer selected; negotiations being finalized.
27. GUIMETAL (metal works)	Buyer selected; negotiations being finalized.
28. SOCOTRAM/Bissau-Gambiel (wood processing) ^1/	Buyer selected; negotiations being finalized.
29. SOCOTRAM/GEMSA (wood works) ^1/	Buyer selected; negotiations being finalized.
30. SCOCOTRAM/MACA (logging) ^1/	Buyer selected; negotiations being finalized.
Companies to be divested in early 1997
31. Cerámica Bafatá (ceramics)	Tender to be opened by end-March 1997.
32. TAGB (airline)	Divestment decision by end-March 1997.
Other public enterprises
33. ENAG (airport services)
34. INACEP (printer)
35. OMETAL (metal works)
36. PETRGOUIN (petroleum exploration)
37. RODOFLUVIAL (river transport) ^4/
Other nixed companies
38. FRET AMAR (shipping)	70 percent of capital state-owned; German company owns balance.
39. Estrela do Mar (fishing)	51 percent of capital state-owned; Russia owns balance.
40. GU1ALP (fishing)	51 percent of capital state-owned; Algeria owns balance.
41. GUINE-TELECOM (telecommunications) ^2/	49 percent of capital state-owned; under concession contract.
42. NAVPESCA/SEMAPESCA (fishing)	35 percent of capital state-owned after privatization in 1991.
43. Armazéns do Povo (commerce)	29 percent of capital state-owned after privatization in 1992.
44. BIGB (bank)	26 percent of capital state-owned; Portuguese bank owns balance.
45. QUIPORT (port services) ^2/	25 percent of capital state-owned; under concession contract
46. TRANSTER (urban transportation)	25 percent of capital state-owned; Portuguese company owns balance.

Source: Managing Unit for the Reform of Public Enterprises (UGREP), Ministry of Finance.

^{^1/}The former state enterprise SOCOTRAM was divested through separate sales of its regional operational divisions.

^{^3/}State became sole owner again in 1996 after private shareholders sold out.

^{^4/}Former road operations divested in 1995.

Table 17.

Guinea-Bissau: Status of Public Enterprise Reform, End-December 1996

Companies	Ownership/divestment status
Companies liquidated or extinct
1. ENAVE (poultry)	Legally extinct in 1980 with incorporation of SUINAVE.
2. Titina Siula (processed fruits)	Out of business in 1988.
3. EGA (automobile maintenance)	Liquidated in 1994.
4. DICOL (petroleum products distribution)	Liquidated in 1995.
5. GUlNAVE (shipyards)	Liquidated in 1995.
6. GUINEGAZ (gas distribution)	Liquidated in 1995.
7. GUINEMAR (shipping)	Liquidated in 1995.
8. JAPG (port authority)	Liquidated in 1995.
9. SILO DIATA (urban transportation)	Liquidated in 1995.
10. FARMEDI (pharmaceuticals import
and distribution)	Liquidated in 1996.
Fully privatised companies
11. Leite Blufo (diary)	Fully privatized in 1992.
12. Fábrica Espuma (mattresses)	Fully privatized in 1993.
13. CMV (automobile maintenance)	Fully privatized in 1995.
14. SOCOTRAM/Bafáta (wood processing) ^1/	Fully privatized in 1996.
IS. CICER (brewery)	Fully privatized in 1996.
16. SUINAVE (pork and poultry)	Fully privatized in 1996.
Companies operated by private management ^2/
17. Fábrica de Plásticos (plastics)	Under leasing contract
18. EAGB (electricity and water)	Under management contract.
19. Estancia Balnear de Bubaque (hotel)	Under management contract.
20. Hotel Hotti-Bissau (hotel)	Under management contract
21. Hotel Dha de Maio (hotel)	Under management contract
22. Hotel 24 de Setembro (hotel)	Under interim management contract. ^3/
Companies put up for tender
23. Complexo Frigorifico Bolola (frozen foods)	Tender opened in 1993; no bids received; interim lease.
24. Granja Agrícola de Gambiel (sugar)	Tender opened in 1995; no bids received.
25. CAIC (agro-industry)	Buyer selected; negotiations being finalized.
26. FOLBI (wood products)	Buyer selected; negotiations being finalized.
27. GUIMETAL (metal works)	Buyer selected; negotiations being finalized.
28. SOCOTRAM/Bissau-Gambiel (wood processing) ^1/	Buyer selected; negotiations being finalized.
29. SOCOTRAM/GEMSA (wood works) ^1/	Buyer selected; negotiations being finalized.
30. SCOCOTRAM/MACA (logging) ^1/	Buyer selected; negotiations being finalized.
Companies to be divested in early 1997
31. Cerámica Bafatá (ceramics)	Tender to be opened by end-March 1997.
32. TAGB (airline)	Divestment decision by end-March 1997.
Other public enterprises
33. ENAG (airport services)
34. INACEP (printer)
35. OMETAL (metal works)
36. PETRGOUIN (petroleum exploration)
37. RODOFLUVIAL (river transport) ^4/
Other nixed companies
38. FRET AMAR (shipping)	70 percent of capital state-owned; German company owns balance.
39. Estrela do Mar (fishing)	51 percent of capital state-owned; Russia owns balance.
40. GU1ALP (fishing)	51 percent of capital state-owned; Algeria owns balance.
41. GUINE-TELECOM (telecommunications) ^2/	49 percent of capital state-owned; under concession contract.
42. NAVPESCA/SEMAPESCA (fishing)	35 percent of capital state-owned after privatization in 1991.
43. Armazéns do Povo (commerce)	29 percent of capital state-owned after privatization in 1992.
44. BIGB (bank)	26 percent of capital state-owned; Portuguese bank owns balance.
45. QUIPORT (port services) ^2/	25 percent of capital state-owned; under concession contract
46. TRANSTER (urban transportation)	25 percent of capital state-owned; Portuguese company owns balance.

Source: Managing Unit for the Reform of Public Enterprises (UGREP), Ministry of Finance.

^{^1/}The former state enterprise SOCOTRAM was divested through separate sales of its regional operational divisions.

^{^3/}State became sole owner again in 1996 after private shareholders sold out.

^{^4/}Former road operations divested in 1995.

Table 18.

Guinea-Bissau: Monetary Survey, 1990-96

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}During 1994, the treasury assumed all of the central bank’s medium- and long-term liabilities to official creditors (PG 110 billion), and the central bank reclassified its remaining (commercial) medium- and long-term liabilities (PG 85 billion) as short-term.

Table 18.

Guinea-Bissau: Monetary Survey, 1990-96

					1990	1991	1992	1993	1994	1995	1996 Prel.
					(In billions of Guinea-Bissau pesos; end of period)
Net foreign assets					-6.5	-59.7	6.7	-91.4	-299.8	-197.7	16.0
	Central bank				-15.2	-72.6	-83.0	-208.1	-374.7	-455.1	-418.0
		Assets			45.8	72.5	154.9	162.6	283.2	445.3	403.7
		Liabilities ^1/			-61.0	-145.0	-237.9	-370.7	-657.9	-900.4	-821.7
	Commercial banks				8.7	12.9	89.7	116.7	74.9	257.4	434.1
		Assets			11.2	13.9	104.6	124.3	185.6	409.1	709.6
		Liabilities			-2.5	-1.0	-14.9	-7.6	-110.7	-151.7	-275.5
Net domestic assets					118.0	228.8	470.7	633.4	828.0	952.5	1,156.7
	Net domestic credit				109.1	105.6	148.4	231.3	229.9	70.1	124.4
		Claims on government (net)			0.5	-20.4	9.0	27.5	-90.4	-268.0	-179.8
			Claims		124.3	127.2	184.0	199.4	224.7	225.3	449.2
				Advances to die treasury	—	—	40.9	48.0	—	—	—
				Loans	124.3	127.2	143.1	151.4	224.7	225.3	449.2
			Deposits		-123.8	-147.5	-174.9	-171.7	-315.1	-493.1	-628.9
				Counterpart funds	-90.8	-115.4	-128.5	-135.1	-174.3	-231.5	-305.9
				Other deposits	-33.0	-32.1	-46.5	-36.6	-140.8	-261.6	-323.0
		Credit to die economy			108.6	126.0	139.3	203.8	320.3	338.1	304.2
			Public enterprises		28.8	29.9	40.6	35.4	53.8	71.5	3.1
			Private enterprises		91.1	108.6	113.8	185.8	320.9	337.3	394.5
			Write-offs		-11.3	-12.5	-15.1	-17.4	-54.4	-70.8	-93.4
	Other items (net)				8.9	123.2	322.3	402.1	598.1	882.4	1,032.2
		Of which: valuation changes			(10.1)	(112.0)	(276.6)	(389.2)	(542.2)	(784.7)	(1,050.9)
Broad money					88.0	119.8	253.0	355.5	527.8	754.3	1,171.8
	Currency in circulation				36.5	54.5	104.2	132.6	196.0	278.1	414.7
	Deposits				51.5	65.3	148.7	222.8	331.8	476.3	757.2
		Of which: foreign currency deposits			(15.2)	(23.7)	(68.9)	(113.1)	(167.4)	(240.7)	(429.0)
				local curency deposits	(36.2)	(41.6)	(79.9)	(109.8)	(164.4)	(235.6)	(328.2)
Medium- and long-term foreign liabilities ^1/					23.5	49.2	224.4	186.5	0.4	0.5	0.8
					(In percent of beginning-of-period broad money, unless otherwise indicated)
Net foreign assets					67.8	-60.5	55.4	-38.8	-58.6	19.3	28.3
Net domestic assets					40.9	125.9	201.7	64.3	54.7	23.8	27.0
	Net domestic credit				87.6	-4.0	35.6	32.8	-0.4	-30.3	7.2
		Claims on government (net)			47.0	-23.7	24.5	7.3	-33.2	-33.7	11.7
		Credit to the economy (change in percent)			24.2	16.0	10.6	46.3	57.2	5.6	-10.0
Broad money					68.8	36.3	111.0	40.5	48.5	42.9	55.4
Memorandum items:
		Velocity			6.5	7.8	6.2	6.7	5.8	6.1	6.1
		Foreign assets of the central bank
			Gross foreign assets in US$ millions		18.3	14.6	17.9	14.2	18.4	20.3	11.6
			Net foreign assets in US$ millions		-6.0	-14.6	-9.6	-18.2	-24.4	20.8	-12.0
		Exchange rate (PG per US$; end of period)			2,508.6	4,959.1	8,655.6	11,463.8	15,369.3	21,926.8	34,936.3

Source: Central Bank of Guinea-Bissau (BCGB).

Table 18.

Guinea-Bissau: Monetary Survey, 1990-96

					1990	1991	1992	1993	1994	1995	1996 Prel.
					(In billions of Guinea-Bissau pesos; end of period)
Net foreign assets					-6.5	-59.7	6.7	-91.4	-299.8	-197.7	16.0
	Central bank				-15.2	-72.6	-83.0	-208.1	-374.7	-455.1	-418.0
		Assets			45.8	72.5	154.9	162.6	283.2	445.3	403.7
		Liabilities ^1/			-61.0	-145.0	-237.9	-370.7	-657.9	-900.4	-821.7
	Commercial banks				8.7	12.9	89.7	116.7	74.9	257.4	434.1
		Assets			11.2	13.9	104.6	124.3	185.6	409.1	709.6
		Liabilities			-2.5	-1.0	-14.9	-7.6	-110.7	-151.7	-275.5
Net domestic assets					118.0	228.8	470.7	633.4	828.0	952.5	1,156.7
	Net domestic credit				109.1	105.6	148.4	231.3	229.9	70.1	124.4
		Claims on government (net)			0.5	-20.4	9.0	27.5	-90.4	-268.0	-179.8
			Claims		124.3	127.2	184.0	199.4	224.7	225.3	449.2
				Advances to die treasury	—	—	40.9	48.0	—	—	—
				Loans	124.3	127.2	143.1	151.4	224.7	225.3	449.2
			Deposits		-123.8	-147.5	-174.9	-171.7	-315.1	-493.1	-628.9
				Counterpart funds	-90.8	-115.4	-128.5	-135.1	-174.3	-231.5	-305.9
				Other deposits	-33.0	-32.1	-46.5	-36.6	-140.8	-261.6	-323.0
		Credit to die economy			108.6	126.0	139.3	203.8	320.3	338.1	304.2
			Public enterprises		28.8	29.9	40.6	35.4	53.8	71.5	3.1
			Private enterprises		91.1	108.6	113.8	185.8	320.9	337.3	394.5
			Write-offs		-11.3	-12.5	-15.1	-17.4	-54.4	-70.8	-93.4
	Other items (net)				8.9	123.2	322.3	402.1	598.1	882.4	1,032.2
		Of which: valuation changes			(10.1)	(112.0)	(276.6)	(389.2)	(542.2)	(784.7)	(1,050.9)
Broad money					88.0	119.8	253.0	355.5	527.8	754.3	1,171.8
	Currency in circulation				36.5	54.5	104.2	132.6	196.0	278.1	414.7
	Deposits				51.5	65.3	148.7	222.8	331.8	476.3	757.2
		Of which: foreign currency deposits			(15.2)	(23.7)	(68.9)	(113.1)	(167.4)	(240.7)	(429.0)
				local curency deposits	(36.2)	(41.6)	(79.9)	(109.8)	(164.4)	(235.6)	(328.2)
Medium- and long-term foreign liabilities ^1/					23.5	49.2	224.4	186.5	0.4	0.5	0.8
					(In percent of beginning-of-period broad money, unless otherwise indicated)
Net foreign assets					67.8	-60.5	55.4	-38.8	-58.6	19.3	28.3
Net domestic assets					40.9	125.9	201.7	64.3	54.7	23.8	27.0
	Net domestic credit				87.6	-4.0	35.6	32.8	-0.4	-30.3	7.2
		Claims on government (net)			47.0	-23.7	24.5	7.3	-33.2	-33.7	11.7
		Credit to the economy (change in percent)			24.2	16.0	10.6	46.3	57.2	5.6	-10.0
Broad money					68.8	36.3	111.0	40.5	48.5	42.9	55.4
Memorandum items:
		Velocity			6.5	7.8	6.2	6.7	5.8	6.1	6.1
		Foreign assets of the central bank
			Gross foreign assets in US$ millions		18.3	14.6	17.9	14.2	18.4	20.3	11.6
			Net foreign assets in US$ millions		-6.0	-14.6	-9.6	-18.2	-24.4	20.8	-12.0
		Exchange rate (PG per US$; end of period)			2,508.6	4,959.1	8,655.6	11,463.8	15,369.3	21,926.8	34,936.3

Source: Central Bank of Guinea-Bissau (BCGB).

Table 19.

Guinea-Bissau: Summary Accounts of the Central Bank of Guinea-Bissau, 1990-96

(In billions of Guinea-Bissau pesos; end of period)

Source: Central Bank of Guinea-Bissau (BCGB).

Table 19.

Guinea-Bissau: Summary Accounts of the Central Bank of Guinea-Bissau, 1990-96

(In billions of Guinea-Bissau pesos; end of period)

				1990	1991	1992	1993	1994	1995	1996 Prel.
Net foreign assets				-15.2	-72.6	-83.0	-208.1	-374.7	-455.1	-418.0
	Assets			45.8	72.5	154.9	162.6	283.2	348.6	403.7
	Liabilities ^1/			-61.0	-145.0	-237.9	-370.7	-657.9	-776.6	-821.7
Net domestic assets				90.1	239.7	504.2	654.7	719.2	909.9	1,049.0
	Claims on government (net)			6.6	-19.8	24.1	36.1	-87.3	-267.1	-150.8
		Claims		130.3	127.2	184.0	199.4	224.7	224.7	440.4
			Advances to the treasury	6.0	0.0	40.9	48.0	0.0	0.0	0.0
			Loans	124.3	127.2	143.1	151.4	224.7	224.7	440.4
		Deposits		-123.7	-146.9	-159.9	-163.3	-312.0	-491.8	-591.1
			Counterpart funds	-90.8	-115.4	-128.5	-135.1	-174.3	-231.5	-305.9
			Other deposits	-32.9	-31.5	-31.4	-28.2	-137.8	-260.2	-285.2
		Claims on commercial banks		78.5	148.1	201.4	277.2	281.4	281.4	0.0
		Credit to the private sector		0.0	0.0	0.0	0.0	22.1	64.8	45.7
			Public enterprises	0.0	0.0	0.0	0.0	16.3	34.7	0.0
			Private enterprises	0.0	0.0	0.0	0.0	20.8	37.6	53.2
			Write-offs	0.0	0.0	0.0	0.0	-15.1	-7.5	-7.5
		Other items (net)		5.2	112.4	278.7	341.4	503.1	830.9	1,154.1
			Of which: valuation changes	(10.1)	(112.1)	(275.8)	(388.4)	(541.3)	(821.3)	(1,135.9)
Base money				51.5	118.0	196.8	259.2	341.7	450.9	628.8
	Currency in circulation			38.8	57.9	106.6	136.5	202.4	286.4	426.0
	Banks’ reserves			12.6	60.0	90.2	122.7	139.3	164.5	202.8
Other Deposits				0.1	1.0	0.2	1.1	2.7	3.8	2.2
Medium- and long-term foreign
	liabilities ^1/			23.5	49.2	224.2	186.3	0.0	0.0	0.0
Memorandum item:
	Gross official reserves (in US$ million)			18.3	14.6	17.9	14.2	18.4	20.3	11.6

Source: Central Bank of Guinea-Bissau (BCGB).

Table 19.

Guinea-Bissau: Summary Accounts of the Central Bank of Guinea-Bissau, 1990-96

(In billions of Guinea-Bissau pesos; end of period)

				1990	1991	1992	1993	1994	1995	1996 Prel.
Net foreign assets				-15.2	-72.6	-83.0	-208.1	-374.7	-455.1	-418.0
	Assets			45.8	72.5	154.9	162.6	283.2	348.6	403.7
	Liabilities ^1/			-61.0	-145.0	-237.9	-370.7	-657.9	-776.6	-821.7
Net domestic assets				90.1	239.7	504.2	654.7	719.2	909.9	1,049.0
	Claims on government (net)			6.6	-19.8	24.1	36.1	-87.3	-267.1	-150.8
		Claims		130.3	127.2	184.0	199.4	224.7	224.7	440.4
			Advances to the treasury	6.0	0.0	40.9	48.0	0.0	0.0	0.0
			Loans	124.3	127.2	143.1	151.4	224.7	224.7	440.4
		Deposits		-123.7	-146.9	-159.9	-163.3	-312.0	-491.8	-591.1
			Counterpart funds	-90.8	-115.4	-128.5	-135.1	-174.3	-231.5	-305.9
			Other deposits	-32.9	-31.5	-31.4	-28.2	-137.8	-260.2	-285.2
		Claims on commercial banks		78.5	148.1	201.4	277.2	281.4	281.4	0.0
		Credit to the private sector		0.0	0.0	0.0	0.0	22.1	64.8	45.7
			Public enterprises	0.0	0.0	0.0	0.0	16.3	34.7	0.0
			Private enterprises	0.0	0.0	0.0	0.0	20.8	37.6	53.2
			Write-offs	0.0	0.0	0.0	0.0	-15.1	-7.5	-7.5
		Other items (net)		5.2	112.4	278.7	341.4	503.1	830.9	1,154.1
			Of which: valuation changes	(10.1)	(112.1)	(275.8)	(388.4)	(541.3)	(821.3)	(1,135.9)
Base money				51.5	118.0	196.8	259.2	341.7	450.9	628.8
	Currency in circulation			38.8	57.9	106.6	136.5	202.4	286.4	426.0
	Banks’ reserves			12.6	60.0	90.2	122.7	139.3	164.5	202.8
Other Deposits				0.1	1.0	0.2	1.1	2.7	3.8	2.2
Medium- and long-term foreign
	liabilities ^1/			23.5	49.2	224.2	186.3	0.0	0.0	0.0
Memorandum item:
	Gross official reserves (in US$ million)			18.3	14.6	17.9	14.2	18.4	20.3	11.6

Source: Central Bank of Guinea-Bissau (BCGB).

Table 20.

Guinea-Bissau: Summary Accounts of the Commercial Banking System, 1990-96

(In billions of Guinea-Bissau pesos; end of period)

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}From 1996 onward, data exclude the liquidated BCN.

Table 20.

Guinea-Bissau: Summary Accounts of the Commercial Banking System, 1990-96

(In billions of Guinea-Bissau pesos; end of period)

			1990	1991	1992	1993	1994	1995	1996 Prel.
Net foreign assets			8.7	12.9	89.7	116.7	74.9	257.4	434.1
	Assets		11.2	13.9	104.6	124.3	185.6	409.1	709.6
	Liabilities		-2.5	-1.0	-14.9	-7.6	-110.7	-151.7	-275.5
Net domestic assets			121.1	199.1	259.6	382.5	535.7	497.3	329.4
	Domestic credit		108.5	125.4	124.2	195.2	295.1	272.4	229.5
	Claims on government (net)		-0.1	-0.6	-15.1	-8.5	-3.1	-0.9	-29.0
		Claims	0.0	0.0	0.0	0.0	0.0	0.6	8.8
		Deposits	-0.1	-0.6	-15.1	-8.5	-3.1	-1.5	-37.8
	Credit to the economy ^1/		108.6	126.0	139.3	203.8	298.2	273.3	258.5
		Public enterprises	28.8	29.9	40.6	35.4	37.4	36.8	3.1
		Private enterprises	91.1	108.6	113.8	185.8	300.1	299.7	341.3
		Write-offs	-11.3	-12.5	-15.1	-17.4	-39.3	-63.3	-85.9
Reserves and cash			14.9	61.7	96.5	133.4	157.4	218.6	197.3
Other items (net) ^1/			-2.3	12.0	135.3	187.3	240.6	6.3	-97.4
Deposits			51.3	64.3	148.6	221.7	329.0	472.9	756.3
	Demand deposits		36.3	52.2	121.1	178.8	285.5	423.5	714.1
		Local currency	28.0	30.9	54.2	68.3	120.5	187.2	286.5
		Foreign currency	8.4	21.2	66.9	110.6	165.0	236.3	427.6
	Time deposits		15.0	12.1	27.4	42.8	43.5	49.4	42.2
		Local currency	8.1	9.6	25.5	40.4	41.1	45.6	42.2
		Foreign currency	6.9	2.5	1.9	2.4	2.3	3.8	—
Liabilities to the central bank ^1/			78.5	147.7	200.5	277.2	281.3	281.3	6.3
Long-term foreign liabilities			0.0	0.0	0.2	0.3	0.4	0.5	0.8

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}From 1996 onward, data exclude the liquidated BCN.

Table 20.

Guinea-Bissau: Summary Accounts of the Commercial Banking System, 1990-96

(In billions of Guinea-Bissau pesos; end of period)

			1990	1991	1992	1993	1994	1995	1996 Prel.
Net foreign assets			8.7	12.9	89.7	116.7	74.9	257.4	434.1
	Assets		11.2	13.9	104.6	124.3	185.6	409.1	709.6
	Liabilities		-2.5	-1.0	-14.9	-7.6	-110.7	-151.7	-275.5
Net domestic assets			121.1	199.1	259.6	382.5	535.7	497.3	329.4
	Domestic credit		108.5	125.4	124.2	195.2	295.1	272.4	229.5
	Claims on government (net)		-0.1	-0.6	-15.1	-8.5	-3.1	-0.9	-29.0
		Claims	0.0	0.0	0.0	0.0	0.0	0.6	8.8
		Deposits	-0.1	-0.6	-15.1	-8.5	-3.1	-1.5	-37.8
	Credit to the economy ^1/		108.6	126.0	139.3	203.8	298.2	273.3	258.5
		Public enterprises	28.8	29.9	40.6	35.4	37.4	36.8	3.1
		Private enterprises	91.1	108.6	113.8	185.8	300.1	299.7	341.3
		Write-offs	-11.3	-12.5	-15.1	-17.4	-39.3	-63.3	-85.9
Reserves and cash			14.9	61.7	96.5	133.4	157.4	218.6	197.3
Other items (net) ^1/			-2.3	12.0	135.3	187.3	240.6	6.3	-97.4
Deposits			51.3	64.3	148.6	221.7	329.0	472.9	756.3
	Demand deposits		36.3	52.2	121.1	178.8	285.5	423.5	714.1
		Local currency	28.0	30.9	54.2	68.3	120.5	187.2	286.5
		Foreign currency	8.4	21.2	66.9	110.6	165.0	236.3	427.6
	Time deposits		15.0	12.1	27.4	42.8	43.5	49.4	42.2
		Local currency	8.1	9.6	25.5	40.4	41.1	45.6	42.2
		Foreign currency	6.9	2.5	1.9	2.4	2.3	3.8	—
Liabilities to the central bank ^1/			78.5	147.7	200.5	277.2	281.3	281.3	6.3
Long-term foreign liabilities			0.0	0.0	0.2	0.3	0.4	0.5	0.8

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}From 1996 onward, data exclude the liquidated BCN.

Table 21.

Guinea-Bissau: Interest Rates and Required Reserve Ratios for Commercial Banks, 1991-January 1997

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}On required reserves in excess of 10 percent for domestic currency deposits only.

Table 21.

Guinea-Bissau: Interest Rates and Required Reserve Ratios for Commercial Banks, 1991-January 1997

			1991	1992	1993	1994	1995	1996	1997
					End-December				End-Jan.
			(In percent per annum)
Lending interest rates Up to 180 days			47.0	57.0	48.0	28.0	46.0	55.0	23.0
	181 days to 1 year		48.0	58.0	55.0	35.0	48.0	56.0	24.0
	More than 1 year		49.0	59.0	57.0	37.0	49.0	58.0	25.0
	Penalty interest rate
		(in excess of the above)	2.0	2.0	2.0	2.0	2.0	2.0	2.0
Deposit interest rates
	Demand deposits		5.0	5.0	3.0	3.0	5.0	11.0	6.0
	Saving deposits (15 days’ notice)		17.0	17.0	13.0	10.0	15.0	24.0	7.0
	Time deposits
		Up to 90 days	34.0	45.0	34.0	21.0	33.0	48.0	7.0
		91 days to 180 days	36.0	46.0	37.0	23.0	36.0	51.0	9.0
		181 days to 1 year	38.0	48.0	40.0	25.0	38.0	53.0	9.0
		More than 1 year	38.5	50.0	46.0	28.0	39.0	55.0	9.0
Central bank discount rate			45.5	51.0	41.0	26.0	39.0	54.0	35.0
Interest rates on operations between
	the central bank and the treasury
		Deposits	5.0	5.0	5.0	5.0	5.0	5.0	5.0
		Loans	0.0	0.0	0.0	0.0	14.0	14.0	14.0
Interest rate on required reserves
	of commercial banks ^1/
		Demand deposits	0.0	0.0	0.0	0.0	5.0	10.0	10.0
		Time deposits	0.0	0.0	0.0	0.0	36.0	41.0	0.0
			(In percent of the respective deposit basis)
Commercial bank reserve requirements
	Demand deposits
		In Guinea-Bissau pesos	25.0	30.0	25.0	15.0	20.0	25.0	25.0
		In foreign currency	25.0	30.0	25.0	20.0	20.0	25.0	25.0
	Time deposits
		In Guinea-Bissau pesos	25.0	30.0	20.0	10.0	20.0	25.0	25.0
		In foreign currency	25.0	30.0	25.0	20.0	20.0	25.0	25.0
			(In percent above banks’ one-year lending rate)
Penalty rate on required
	reserves shortfalls
	Shortfalls for up to two weeks		2.0	2.0	2.0	2.0	2.0	1.0	1.0
	Shortfalls in excess of two weeks		2.0	2.0	2.0	2.0	5.0	3.0	3.0

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}On required reserves in excess of 10 percent for domestic currency deposits only.

Table 21.

Guinea-Bissau: Interest Rates and Required Reserve Ratios for Commercial Banks, 1991-January 1997

			1991	1992	1993	1994	1995	1996	1997
					End-December				End-Jan.
			(In percent per annum)
Lending interest rates Up to 180 days			47.0	57.0	48.0	28.0	46.0	55.0	23.0
	181 days to 1 year		48.0	58.0	55.0	35.0	48.0	56.0	24.0
	More than 1 year		49.0	59.0	57.0	37.0	49.0	58.0	25.0
	Penalty interest rate
		(in excess of the above)	2.0	2.0	2.0	2.0	2.0	2.0	2.0
Deposit interest rates
	Demand deposits		5.0	5.0	3.0	3.0	5.0	11.0	6.0
	Saving deposits (15 days’ notice)		17.0	17.0	13.0	10.0	15.0	24.0	7.0
	Time deposits
		Up to 90 days	34.0	45.0	34.0	21.0	33.0	48.0	7.0
		91 days to 180 days	36.0	46.0	37.0	23.0	36.0	51.0	9.0
		181 days to 1 year	38.0	48.0	40.0	25.0	38.0	53.0	9.0
		More than 1 year	38.5	50.0	46.0	28.0	39.0	55.0	9.0
Central bank discount rate			45.5	51.0	41.0	26.0	39.0	54.0	35.0
Interest rates on operations between
	the central bank and the treasury
		Deposits	5.0	5.0	5.0	5.0	5.0	5.0	5.0
		Loans	0.0	0.0	0.0	0.0	14.0	14.0	14.0
Interest rate on required reserves
	of commercial banks ^1/
		Demand deposits	0.0	0.0	0.0	0.0	5.0	10.0	10.0
		Time deposits	0.0	0.0	0.0	0.0	36.0	41.0	0.0
			(In percent of the respective deposit basis)
Commercial bank reserve requirements
	Demand deposits
		In Guinea-Bissau pesos	25.0	30.0	25.0	15.0	20.0	25.0	25.0
		In foreign currency	25.0	30.0	25.0	20.0	20.0	25.0	25.0
	Time deposits
		In Guinea-Bissau pesos	25.0	30.0	20.0	10.0	20.0	25.0	25.0
		In foreign currency	25.0	30.0	25.0	20.0	20.0	25.0	25.0
			(In percent above banks’ one-year lending rate)
Penalty rate on required
	reserves shortfalls
	Shortfalls for up to two weeks		2.0	2.0	2.0	2.0	2.0	1.0	1.0
	Shortfalls in excess of two weeks		2.0	2.0	2.0	2.0	5.0	3.0	3.0

Source: Central Bank of Guinea-Bissau (BCGB).

^{^1/}On required reserves in excess of 10 percent for domestic currency deposits only.

Table 22.

Guinea-Bissau: Balance of Payments, 1991-96

Source: Data provided by the Guinea-Bissau authorities; and staff estimates and projections.

Table 22.

Guinea-Bissau: Balance of Payments, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In millions of U.S. dollars)
Goods and services				-77.2	-107.4	-62.4	-45.1	-56.5	-58.6
	Goods			-47.0	-77.1	-37.9	-20.5	-35.4	-37.2
		Exports, f.o.b.		20.4	6.5	16.0	33.2	23.9	-25.8
			Of which: cashew nuts	(14.1)	(3.0)	(13.0)	(31.0)	(20.5)	(22.5)
		Imports, f.o.b.		-67.5	-83.5	-53.8	-53.8	-59.3	-63.0
Services (net)				-30.2	-30.3	-24.5	-24.5	-21.1	21.4
	Credit			13.1	11.5	9.8	12.2	12.5	14.2
	Debit			-43.3	-41.9	-34.3	-36.7	-33.6	-35.6
Income				-3.5	0.0	-4.5	-2.4	6.8	-5.1
	Fishing license fees			13.5	13.5	10.8	11.7	113	13.6
	Scheduled interest			-17.0	-13.5	-15.3	-14.1	-18.0	18.6
		Of which: central bank (including Fund)		(-3.4)	(-2.9)	(-1.7)	(-1.4)	(-1.1)	(-0.7)
Current transfers (net)				5.4	10.4	5.5	9.1	21.5	8.8
	Official			9.5	11.0	7.1	10.1	20.2	7.6
	Private			-4.1	-0.6	-1.7	-1.1	1.3	1.2
Current account
	Including official transfers			-75.4	-97.0	-61.5	-38.4	-41.8	-54.9
	Excluding official transfers			84.9	-108.0	-68.6	-48.6	-61.9	-62.5
	Excluding official transfers and interest payments			-67.9	-94.5	-53.3	-34.5	-43.9	-43.8
Capital and financial balance				24.6	61.3	7.5	-12.5	332	35.4
Capital account				32.9	28.5	36.6	44.4	55.5	45.8
	Capital transfers			32.9	28.5	36.6	44.4	55.5	45.8
		Of which: debt forgiveness		(0.2)	(0.0)	(0.0)	(0.1)	(16.2)	(10.0)
Financial account				-8.3	32.9	-291	-56.9	-22.3	-10.4
	Official medium- and long-term disbursements			38.6	44.4	22.3	18.0	21.1	22.9
		Balance of payments support		14.2	0.0	0.9	3.1	5.1	5.8
		Projects		22.5	35.4	21.4	14.9	13.6	14.0
		Loans to the central bank		1.9	9.0	0.0	0.0	2.4	3.1
			Of which: IMF purchases	(0.0)	(0.0)	(0.0)	(0.0)	(2.4)	(3.1)
	Scheduled amortization			-31.2	-33.3	-35.0	-42.3	-40.3	-38.5
		Of which: IMF Repurchases		(-0.6)	(0.0)	(-0.4)	(-0.4)	(-1.1)	(-1.1)
	Short-term capital (commercial
		banks’ net foreign assets; increase-)		0.9	-7.8	0.2	5.3	-6.9	-2.0
	Private capital; errors and omissions			-16.6	29.5	-16.6	-37.9	3.8	1.2
Overall balance				-50.8	-35.7	-53.9	-51.0	-8.6	-19.4
Financing				50.8	35.7	53.9	51.0	8.6	19.4
	Change in net foreign assets, excluding Fund position (increase -)			8.6	-5.0	8.6	6.2	-3.6	-12.0
Debt rescheduling				10.4	1.5	15.2	0.2	177.1	48.7
	Treasury			10.4	1.5	15.2	0.2	172.1	46.9
	Central bank			0.0	0.0	0.0	0.0	5.0	1.8
	Change in debt service arrears			31.8	39.2	30.2	44.6	-165.0	-17.2
	Treasury			31.8	39.2	30.2	42.3	-161.5	-14.8
	Central rank			…	…	…	2.3	-3.5	-2.5
Memorandum items:				(In percent of GDP)
	Current account balance
		Including official transfers		-29.3	-42.8	-25.9	-16.3	-16.5	-20.3
		Excluding official transfers		-33.0	47.6	-28.9	-20.6	-24.4	-23.1
		Excluding official transfers and interest payments		-26.4	-41.7	-22.5	-14.6	-17.3	-16.2

Source: Data provided by the Guinea-Bissau authorities; and staff estimates and projections.

Table 22.

Guinea-Bissau: Balance of Payments, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(In millions of U.S. dollars)
Goods and services				-77.2	-107.4	-62.4	-45.1	-56.5	-58.6
	Goods			-47.0	-77.1	-37.9	-20.5	-35.4	-37.2
		Exports, f.o.b.		20.4	6.5	16.0	33.2	23.9	-25.8
			Of which: cashew nuts	(14.1)	(3.0)	(13.0)	(31.0)	(20.5)	(22.5)
		Imports, f.o.b.		-67.5	-83.5	-53.8	-53.8	-59.3	-63.0
Services (net)				-30.2	-30.3	-24.5	-24.5	-21.1	21.4
	Credit			13.1	11.5	9.8	12.2	12.5	14.2
	Debit			-43.3	-41.9	-34.3	-36.7	-33.6	-35.6
Income				-3.5	0.0	-4.5	-2.4	6.8	-5.1
	Fishing license fees			13.5	13.5	10.8	11.7	113	13.6
	Scheduled interest			-17.0	-13.5	-15.3	-14.1	-18.0	18.6
		Of which: central bank (including Fund)		(-3.4)	(-2.9)	(-1.7)	(-1.4)	(-1.1)	(-0.7)
Current transfers (net)				5.4	10.4	5.5	9.1	21.5	8.8
	Official			9.5	11.0	7.1	10.1	20.2	7.6
	Private			-4.1	-0.6	-1.7	-1.1	1.3	1.2
Current account
	Including official transfers			-75.4	-97.0	-61.5	-38.4	-41.8	-54.9
	Excluding official transfers			84.9	-108.0	-68.6	-48.6	-61.9	-62.5
	Excluding official transfers and interest payments			-67.9	-94.5	-53.3	-34.5	-43.9	-43.8
Capital and financial balance				24.6	61.3	7.5	-12.5	332	35.4
Capital account				32.9	28.5	36.6	44.4	55.5	45.8
	Capital transfers			32.9	28.5	36.6	44.4	55.5	45.8
		Of which: debt forgiveness		(0.2)	(0.0)	(0.0)	(0.1)	(16.2)	(10.0)
Financial account				-8.3	32.9	-291	-56.9	-22.3	-10.4
	Official medium- and long-term disbursements			38.6	44.4	22.3	18.0	21.1	22.9
		Balance of payments support		14.2	0.0	0.9	3.1	5.1	5.8
		Projects		22.5	35.4	21.4	14.9	13.6	14.0
		Loans to the central bank		1.9	9.0	0.0	0.0	2.4	3.1
			Of which: IMF purchases	(0.0)	(0.0)	(0.0)	(0.0)	(2.4)	(3.1)
	Scheduled amortization			-31.2	-33.3	-35.0	-42.3	-40.3	-38.5
		Of which: IMF Repurchases		(-0.6)	(0.0)	(-0.4)	(-0.4)	(-1.1)	(-1.1)
	Short-term capital (commercial
		banks’ net foreign assets; increase-)		0.9	-7.8	0.2	5.3	-6.9	-2.0
	Private capital; errors and omissions			-16.6	29.5	-16.6	-37.9	3.8	1.2
Overall balance				-50.8	-35.7	-53.9	-51.0	-8.6	-19.4
Financing				50.8	35.7	53.9	51.0	8.6	19.4
	Change in net foreign assets, excluding Fund position (increase -)			8.6	-5.0	8.6	6.2	-3.6	-12.0
Debt rescheduling				10.4	1.5	15.2	0.2	177.1	48.7
	Treasury			10.4	1.5	15.2	0.2	172.1	46.9
	Central bank			0.0	0.0	0.0	0.0	5.0	1.8
	Change in debt service arrears			31.8	39.2	30.2	44.6	-165.0	-17.2
	Treasury			31.8	39.2	30.2	42.3	-161.5	-14.8
	Central rank			…	…	…	2.3	-3.5	-2.5
Memorandum items:				(In percent of GDP)
	Current account balance
		Including official transfers		-29.3	-42.8	-25.9	-16.3	-16.5	-20.3
		Excluding official transfers		-33.0	47.6	-28.9	-20.6	-24.4	-23.1
		Excluding official transfers and interest payments		-26.4	-41.7	-22.5	-14.6	-17.3	-16.2

Source: Data provided by the Guinea-Bissau authorities; and staff estimates and projections.

Table 23.

Guinea-Bissau: Trade and Exchange Rate Indicators, 1991-96

Sources: Central Bank of Guinea-Bissau (BCGB); and IMF Information Notice System.

Table 23.

Guinea-Bissau: Trade and Exchange Rate Indicators, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(Annual percentage change)
	Trade indicators
		Exports, f.o.b.
			Value (U.S. dollars)	6.1	-68.4	147.1	108.1	-28.1	8.0
			Volume	5.9	-70.7	164.6	133.8	-30.9	3.3
			Prices (U.S. dollars)	0.2	7.7	-6.6	-11.0	4.1	4.5
		Imports, f.o.b.
			Value (U.S. dollars)	-0.9	23.8	-35.6	-0.1	10.4	6.2
			Volume	-.5	21.4	-32.1	-4.8	-1.4	3.7
			Prices (U.S. dollars)	-1.4	2.0	-5.1	4.9	12.0	2.5
		Terms of trade (deterioration -)		1.7	5.6	-1.6	-15.2	-7.0	0.8
Exchange rates
				(In Guinea-Bissau pesos per U.S. dollar)
	Peso/U.S. dollar rates (PG/US$)
		Period average		3,659	6,934	10,082	12,892	18,073	26,374
		End of period		4,959	8,656	11,464	15,369	21,929	34,936
				(Index, 1990=100)
	Effective exchange rates (period average)
		Nominal		64.5	33.5	26.1	22.1	15.0	12.2
		Real		91.2	74.4	80.8	71.9	66.5	75.7
				(In percent)
	Annual variations (depreciation -)
		US$/PG; period average		-40.3	-47.2	-31.2	-21.8	-28.7	-31.5
		US$/PG; end of period		-49.4	-42.7	-24.5	-25.4	-29.9	-37.2
		Effective exchange rates
			Nominal	-35.5	-48.0	-22.4	-15.0	-32.2	-18.3
			Real	-8.8	-18.4	8.6	-11.0	-7.6	14.0

Sources: Central Bank of Guinea-Bissau (BCGB); and IMF Information Notice System.

Table 23.

Guinea-Bissau: Trade and Exchange Rate Indicators, 1991-96

				1991	1992	1993	1994	1995	1996 Prel.
				(Annual percentage change)
	Trade indicators
		Exports, f.o.b.
			Value (U.S. dollars)	6.1	-68.4	147.1	108.1	-28.1	8.0
			Volume	5.9	-70.7	164.6	133.8	-30.9	3.3
			Prices (U.S. dollars)	0.2	7.7	-6.6	-11.0	4.1	4.5
		Imports, f.o.b.
			Value (U.S. dollars)	-0.9	23.8	-35.6	-0.1	10.4	6.2
			Volume	-.5	21.4	-32.1	-4.8	-1.4	3.7
			Prices (U.S. dollars)	-1.4	2.0	-5.1	4.9	12.0	2.5
		Terms of trade (deterioration -)		1.7	5.6	-1.6	-15.2	-7.0	0.8
Exchange rates
				(In Guinea-Bissau pesos per U.S. dollar)
	Peso/U.S. dollar rates (PG/US$)
		Period average		3,659	6,934	10,082	12,892	18,073	26,374
		End of period		4,959	8,656	11,464	15,369	21,929	34,936
				(Index, 1990=100)
	Effective exchange rates (period average)
		Nominal		64.5	33.5	26.1	22.1	15.0	12.2
		Real		91.2	74.4	80.8	71.9	66.5	75.7
				(In percent)
	Annual variations (depreciation -)
		US$/PG; period average		-40.3	-47.2	-31.2	-21.8	-28.7	-31.5
		US$/PG; end of period		-49.4	-42.7	-24.5	-25.4	-29.9	-37.2
		Effective exchange rates
			Nominal	-35.5	-48.0	-22.4	-15.0	-32.2	-18.3
			Real	-8.8	-18.4	8.6	-11.0	-7.6	14.0

Sources: Central Bank of Guinea-Bissau (BCGB); and IMF Information Notice System.

Table 24.

Guinea-Bissau: Merchandise Exports, f.o.b., 1990-95

Source: Central Bank of Guinea-Bissau (BCGB).

Table 24.

Guinea-Bissau: Merchandise Exports, f.o.b., 1990-95

				1990	1991	1992	1993	1994	1995
				(In millions of U.S. dollars)
Total merchandise exports				19.3	20.4	6.5	16.0	33.2	23.9
	Agricultural products			13.2	16.3	4.2	14.0	32.2	22.1
		Groundnuts		0.8	0.2	0.2	0.0	0.0	0.0
		Cotton		0.5	1.2	0.6	0.7	1.1	1.3
		Cashew nuts		11.6	14.1	3.0	13.0	31.0	20.5
		Other		0.4	0.8	0.5	0.3	0.0	0.3
	Fish products			3.4	2.6	0.9	0.7	0.3	0.2
		Fish		0.6	1.1	0.1	0.5	0.1	0.0
		Shrimp		2.7	1.5	0.7	0.1	0.1	0.2
		Other		0.0	0.0	0.1	0.1	0.1	0.0
	Wood products			2.4	1.4	1.3	1.2	0.6	1.5
		Sawn wood		0.9	0.1	0.1	0.1	0.3	0.3
			Logs	1.3	1.2	1.1	0.9	0.3	1.2
			Other	0.2	0.2	0.1	0.3	0.0	0.0
	Miscellaneous			0.3	0.2	0.1	0.1	0.2	0.1
				(In thousands of metric tons)
Volume
	Groundnuts			2.2	0.5	0.4	0.0	0.0	0.0
	Cotton			0.3	0.9	0.4	0.6	0.6	0.7
	Cashew nuts			16.4	18.3	3.7	17.0	46.5	29.3
	Fish (frozen)			1.0	1.9	0.1	0.8	0.0	0.0
	Shrimp (frozen)			0.4	0.4	0.1	0.0	0.0	0.0
	Sawn wood			3.0	0.1	0.2	0.2	1.4	0.9
	Logs			6.0	5.4	5.2	3.4	1.3	5.3
				(In U.S. dollars per metric ton)
Unit prices
	Groundnuts			346.1	375.3	435.8	…	…	…
	Cotton			1,846.2	1,423.5	1,341.5	1,079.4	1,866.7	1,931.6
	Cashew nuts			707.5	771.0	824.7	764.0	666.5	700.0
	Fish			598.6	561.7	600.0	614.5	1,800.0	600.0
	Shrimp			6,112.4	4,166.7	6,481.5	4,000.0	8,812.5	4,191.9
	Sawn wood			305.7	409.8	343.1	291.7	234.0	291.2
	Logs			215.9	214.0	209.6	258.9	221.7	235.6

Source: Central Bank of Guinea-Bissau (BCGB).

Table 24.

Guinea-Bissau: Merchandise Exports, f.o.b., 1990-95

				1990	1991	1992	1993	1994	1995
				(In millions of U.S. dollars)
Total merchandise exports				19.3	20.4	6.5	16.0	33.2	23.9
	Agricultural products			13.2	16.3	4.2	14.0	32.2	22.1
		Groundnuts		0.8	0.2	0.2	0.0	0.0	0.0
		Cotton		0.5	1.2	0.6	0.7	1.1	1.3
		Cashew nuts		11.6	14.1	3.0	13.0	31.0	20.5
		Other		0.4	0.8	0.5	0.3	0.0	0.3
	Fish products			3.4	2.6	0.9	0.7	0.3	0.2
		Fish		0.6	1.1	0.1	0.5	0.1	0.0
		Shrimp		2.7	1.5	0.7	0.1	0.1	0.2
		Other		0.0	0.0	0.1	0.1	0.1	0.0
	Wood products			2.4	1.4	1.3	1.2	0.6	1.5
		Sawn wood		0.9	0.1	0.1	0.1	0.3	0.3
			Logs	1.3	1.2	1.1	0.9	0.3	1.2
			Other	0.2	0.2	0.1	0.3	0.0	0.0
	Miscellaneous			0.3	0.2	0.1	0.1	0.2	0.1
				(In thousands of metric tons)
Volume
	Groundnuts			2.2	0.5	0.4	0.0	0.0	0.0
	Cotton			0.3	0.9	0.4	0.6	0.6	0.7
	Cashew nuts			16.4	18.3	3.7	17.0	46.5	29.3
	Fish (frozen)			1.0	1.9	0.1	0.8	0.0	0.0
	Shrimp (frozen)			0.4	0.4	0.1	0.0	0.0	0.0
	Sawn wood			3.0	0.1	0.2	0.2	1.4	0.9
	Logs			6.0	5.4	5.2	3.4	1.3	5.3
				(In U.S. dollars per metric ton)
Unit prices
	Groundnuts			346.1	375.3	435.8	…	…	…
	Cotton			1,846.2	1,423.5	1,341.5	1,079.4	1,866.7	1,931.6
	Cashew nuts			707.5	771.0	824.7	764.0	666.5	700.0
	Fish			598.6	561.7	600.0	614.5	1,800.0	600.0
	Shrimp			6,112.4	4,166.7	6,481.5	4,000.0	8,812.5	4,191.9
	Sawn wood			305.7	409.8	343.1	291.7	234.0	291.2
	Logs			215.9	214.0	209.6	258.9	221.7	235.6

Source: Central Bank of Guinea-Bissau (BCGB).

Table 25.

Guinea-Bissau: Merchandise Imports, c.i.f., 1990-95

(In millions of U.S. dollars)

Source: Central Bank of Guinea-Bissau (BCGB).

Table 25.

Guinea-Bissau: Merchandise Imports, c.i.f., 1990-95

(In millions of U.S. dollars)

			1990	1991	1992	1993	1994	1995
Total merchandise exports			77.8	77.1	95.4	61.5	65.2	71.9
	Foodstuffs		14.8	21.3	31.7	25.1	17.3	25.6
		Rice	10.8	16.1	21.7	17.2	8.6	18.0
		Wheat flour	0.7	0.6	0.8	0.6	0.5	0.6
		Sugar	0.8	1.0	0.2	0.5	0.9	0.9
		Oil	1.8	1.5	4.3	1.1	1.8	2.0
		Dairy products	0.7	0.2	1.4	1.2	0.9	1.1
		Others	0.0	2.0	3.4	4.5	4.8	3.0
	Beverages and tobacco		2.8	2.0	3.3	3.2	3.7	4.3
	Other consumer goods		11.7	10.3	7.1	5.1	6.2	6.6
		Clothing and shoes	1.2	0.6	1.3	0.6	1.5	1.1
		Durable consumar goods	…	5.7	3.1	2.7	2.9	2.3
		Nondurable consumer goods	…	3.9	2.8	1.8	1.9	3.2
	Petroleum products		8.2	10.0	5.3	3.2	6.3	8.3
		Diesel and gasoline	7.6	9.1	4.5	2.5	4.2	5.8
		Gas	0.3	0.2	0.2	0.1	—	0.1
		Others	0.4	0.7	0.6	0.7	2.1	2.4
	Construction material		6.0	3.4	7.6	4.9	6.0	7.3
	Transport equipment		15.1	174	19.6	8.9	14.5	8.4
		Passenger vehicles	8.7	11.5	13.3	3.6	5.7	2.2
		Freight vehicles	5.1	5.1	2.6	1.8	6.7	5.2
		Vehicle parts	1.3	0.8	3.7	3.5	2.1	1.0
	Electrical equipment
		and machinery	11.2	10.8	14.1	5.3	6.5	7.7
	Parts and accessories		1.2	1.8	3.1	2.3	2.0	1.7
	Miscellaneous		6.6	0.2	3.6	3.7	2.7	2.3

Source: Central Bank of Guinea-Bissau (BCGB).

Table 25.

Guinea-Bissau: Merchandise Imports, c.i.f., 1990-95

(In millions of U.S. dollars)

			1990	1991	1992	1993	1994	1995
Total merchandise exports			77.8	77.1	95.4	61.5	65.2	71.9
	Foodstuffs		14.8	21.3	31.7	25.1	17.3	25.6
		Rice	10.8	16.1	21.7	17.2	8.6	18.0
		Wheat flour	0.7	0.6	0.8	0.6	0.5	0.6
		Sugar	0.8	1.0	0.2	0.5	0.9	0.9
		Oil	1.8	1.5	4.3	1.1	1.8	2.0
		Dairy products	0.7	0.2	1.4	1.2	0.9	1.1
		Others	0.0	2.0	3.4	4.5	4.8	3.0
	Beverages and tobacco		2.8	2.0	3.3	3.2	3.7	4.3
	Other consumer goods		11.7	10.3	7.1	5.1	6.2	6.6
		Clothing and shoes	1.2	0.6	1.3	0.6	1.5	1.1
		Durable consumar goods	…	5.7	3.1	2.7	2.9	2.3
		Nondurable consumer goods	…	3.9	2.8	1.8	1.9	3.2
	Petroleum products		8.2	10.0	5.3	3.2	6.3	8.3
		Diesel and gasoline	7.6	9.1	4.5	2.5	4.2	5.8
		Gas	0.3	0.2	0.2	0.1	—	0.1
		Others	0.4	0.7	0.6	0.7	2.1	2.4
	Construction material		6.0	3.4	7.6	4.9	6.0	7.3
	Transport equipment		15.1	174	19.6	8.9	14.5	8.4
		Passenger vehicles	8.7	11.5	13.3	3.6	5.7	2.2
		Freight vehicles	5.1	5.1	2.6	1.8	6.7	5.2
		Vehicle parts	1.3	0.8	3.7	3.5	2.1	1.0
	Electrical equipment
		and machinery	11.2	10.8	14.1	5.3	6.5	7.7
	Parts and accessories		1.2	1.8	3.1	2.3	2.0	1.7
	Miscellaneous		6.6	0.2	3.6	3.7	2.7	2.3

Source: Central Bank of Guinea-Bissau (BCGB).

Table 26.

Guinea-Bissau: Direction of Trade, 1990-95

(In percent of total)

Source: Central Bank of Guinea-Bissau (BCGB).

Table 26.

Guinea-Bissau: Direction of Trade, 1990-95

(In percent of total)

			1990	1991	1992	1993	1994	1995
Exports
	Europe		77.6	60.4	73.7	58.3	37.5	11.5
		France	4.9	4.7	0.0	3.5	1.5	1.0
		Netherlands	2.4	1.5	0.0	0.3	0.1	0.2
		Portugal	45.3	41.4	60.1	51.5	35.7	10.2
		Spain	13.6	3.7	13.1	3.0	0.0	0.8
		Other	11.5	9.0	0.5	0.0	0.1	0.0
	Africa		6.1	31.5	18.7	2.6	5.7	0.5
		Cape Verde	2.4	0.2	7.4	2.4	5.5	0.1
		Gambia, The	0.0	5.2	2.0	0.0	0.0	0.1
		Guinea	0.0	1.5	5.7	0.2	0.2	0.0
		Nigeria	0.0	6.4	0.0	0.0	0.0	0.0
		Senegal	0.4	10.3	3.6	0.0	0.0	0.0
		Other	3.3	7.9	0.0	0.0	0.0	0.3
	Asia		16.3	8.1	7.7	39.1	56.9	88.0
		China, P.R.	0.0	0.0	0.0	0.0	8.8	0.0
		India	16.3	8.1	7.7	39.1	48.1	87.8
		Total	100.0	100.0	100.0	100.0	100.0	100.0
Imports
	Europe		88.8	70.5	76.3	58.5	68.2	64.1
		France	2.3	2.1	5.3	1.5	5.4	3.4
		Germany	3.1	10.2	4.4	2.2	0.7	0.3
		Italy	3.4	2.6	4.1	0.7	1.8	0.9
		Netherlands	20.9	15.9	23.2	21.1	16.6	13.6
		Portugal	56.6	35.7	28.4	31.3	40.5	36.9
		Spain	0.3	1.2	5.5	1.0	0.6	4.3
		Sweden	0.0	1.5	1.2	0.0	0.4	0.0
		United Kingdom	0.4	0.0	3.3	0.1	0.7	3.8
		Other	1.9	1.3	0.9	0.6	1.5	1.0
	Africa		9.0	8.2	7.9	11.9	6.4	14.4
		Cape Verde	1.7	0.1	0.0	0.3	0.1	0.0
		Senegal	5.2	6.6	2.9	2.3	2.4	2.3
		Other	2.1	1.5	5.0	9.3	4.0	6.2
	Asia		0.7	20.6	15.0	29.1	24.1	18.3
		China, P.R.	0.2	12.9	8.5	20.3	7.7	8.3
		Japan	0.5	1.9	2.5	6.1	14.8	8.0
		Pakistan	0.0	0.0	1.5	0.0	0.0	0.0
		Other	0.0	5.8	2.5	2.8	1.6	0.6
	United States		0.5	0.4	0.5	0.5	1.3	3.2
	Other		1.0	0.4	0.4	0.0	0.0	0.0
		Total	100.0	100.0	100.0	100.0	100.0	100.0

Source: Central Bank of Guinea-Bissau (BCGB).

Table 26.

Guinea-Bissau: Direction of Trade, 1990-95

(In percent of total)

			1990	1991	1992	1993	1994	1995
Exports
	Europe		77.6	60.4	73.7	58.3	37.5	11.5
		France	4.9	4.7	0.0	3.5	1.5	1.0
		Netherlands	2.4	1.5	0.0	0.3	0.1	0.2
		Portugal	45.3	41.4	60.1	51.5	35.7	10.2
		Spain	13.6	3.7	13.1	3.0	0.0	0.8
		Other	11.5	9.0	0.5	0.0	0.1	0.0
	Africa		6.1	31.5	18.7	2.6	5.7	0.5
		Cape Verde	2.4	0.2	7.4	2.4	5.5	0.1
		Gambia, The	0.0	5.2	2.0	0.0	0.0	0.1
		Guinea	0.0	1.5	5.7	0.2	0.2	0.0
		Nigeria	0.0	6.4	0.0	0.0	0.0	0.0
		Senegal	0.4	10.3	3.6	0.0	0.0	0.0
		Other	3.3	7.9	0.0	0.0	0.0	0.3
	Asia		16.3	8.1	7.7	39.1	56.9	88.0
		China, P.R.	0.0	0.0	0.0	0.0	8.8	0.0
		India	16.3	8.1	7.7	39.1	48.1	87.8
		Total	100.0	100.0	100.0	100.0	100.0	100.0
Imports
	Europe		88.8	70.5	76.3	58.5	68.2	64.1
		France	2.3	2.1	5.3	1.5	5.4	3.4
		Germany	3.1	10.2	4.4	2.2	0.7	0.3
		Italy	3.4	2.6	4.1	0.7	1.8	0.9
		Netherlands	20.9	15.9	23.2	21.1	16.6	13.6
		Portugal	56.6	35.7	28.4	31.3	40.5	36.9
		Spain	0.3	1.2	5.5	1.0	0.6	4.3
		Sweden	0.0	1.5	1.2	0.0	0.4	0.0
		United Kingdom	0.4	0.0	3.3	0.1	0.7	3.8
		Other	1.9	1.3	0.9	0.6	1.5	1.0
	Africa		9.0	8.2	7.9	11.9	6.4	14.4
		Cape Verde	1.7	0.1	0.0	0.3	0.1	0.0
		Senegal	5.2	6.6	2.9	2.3	2.4	2.3
		Other	2.1	1.5	5.0	9.3	4.0	6.2
	Asia		0.7	20.6	15.0	29.1	24.1	18.3
		China, P.R.	0.2	12.9	8.5	20.3	7.7	8.3
		Japan	0.5	1.9	2.5	6.1	14.8	8.0
		Pakistan	0.0	0.0	1.5	0.0	0.0	0.0
		Other	0.0	5.8	2.5	2.8	1.6	0.6
	United States		0.5	0.4	0.5	0.5	1.3	3.2
	Other		1.0	0.4	0.4	0.0	0.0	0.0
		Total	100.0	100.0	100.0	100.0	100.0	100.0

Source: Central Bank of Guinea-Bissau (BCGB).

Table 27.

Guinea-Bissau: Services and Income, 1990-95

(In millions of U.S. dollars)

Sources: Central Bank of Guinea-Bissau; and staff estimates and projections.

Table 27.

Guinea-Bissau: Services and Income, 1990-95

(In millions of U.S. dollars)

				1990	1991	1992	1993	1994	1995
Services (net)				-24.8	-30.2	-30.3	-24.5	-24.5	-21.1
	Credit			6.8	13.1	11.5	9.8	12.2	12.5
		Transportation		0.2	0.2	0.0	0.3	0.6	0.4
		Foreign government embassies		3.2	3.3	2.8	3.0	3.1	3.3
		Other		3.5	9.5	8.7	6.5	8.5	8.8
	Debit			31.6	43.3	41.9	34.3	36.7	33.6
		Freight and insurance		9.7	9.1	11.9	7.7	11.4	12.6
		Technical assistance		11.6	15.9	14.3	13.2	12.2	6.5
		Other transport and travel		4.0	4.1	3.6	4.3	3.0	3.1
		Scholarships		0.6	0.6	0.4	0.6	0.6	0.6
		Other private		3.5	11.1	9.4	6.1	6.5	7.5
		Miscellaneous		2.2	2.6	2.2	2.5	3.0	3.3
Income (net)				12.2	-3.6	0.0	-4.5	-2.4	-6.8
	Credit			22.9	13.5	13.5	10.8	11.7	11.3
		Interest income		0.0	0.0	0.0	0.0	0.0	0.0
		Dividends		0.0	0.0	0.0	0.0	0.0	0.0
		Fishing license fees		22.9	13.5	13.5	10.8	11.7	11.3
Debit				10.6	17.0	13.5	15.3	14.1	18.0
	Interest payments scheduled			10.6	17.0	13.5	15.3	14.1	18.0
		Treasury		10.0	13.7	10.5	13.6	12.7	16.9
		Central Bank		0.6	3.4	2.9	1.7	1.4	1.1
			Of which: IMF	(0.2)	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)

Sources: Central Bank of Guinea-Bissau; and staff estimates and projections.

Table 27.

Guinea-Bissau: Services and Income, 1990-95

(In millions of U.S. dollars)

				1990	1991	1992	1993	1994	1995
Services (net)				-24.8	-30.2	-30.3	-24.5	-24.5	-21.1
	Credit			6.8	13.1	11.5	9.8	12.2	12.5
		Transportation		0.2	0.2	0.0	0.3	0.6	0.4
		Foreign government embassies		3.2	3.3	2.8	3.0	3.1	3.3
		Other		3.5	9.5	8.7	6.5	8.5	8.8
	Debit			31.6	43.3	41.9	34.3	36.7	33.6
		Freight and insurance		9.7	9.1	11.9	7.7	11.4	12.6
		Technical assistance		11.6	15.9	14.3	13.2	12.2	6.5
		Other transport and travel		4.0	4.1	3.6	4.3	3.0	3.1
		Scholarships		0.6	0.6	0.4	0.6	0.6	0.6
		Other private		3.5	11.1	9.4	6.1	6.5	7.5
		Miscellaneous		2.2	2.6	2.2	2.5	3.0	3.3
Income (net)				12.2	-3.6	0.0	-4.5	-2.4	-6.8
	Credit			22.9	13.5	13.5	10.8	11.7	11.3
		Interest income		0.0	0.0	0.0	0.0	0.0	0.0
		Dividends		0.0	0.0	0.0	0.0	0.0	0.0
		Fishing license fees		22.9	13.5	13.5	10.8	11.7	11.3
Debit				10.6	17.0	13.5	15.3	14.1	18.0
	Interest payments scheduled			10.6	17.0	13.5	15.3	14.1	18.0
		Treasury		10.0	13.7	10.5	13.6	12.7	16.9
		Central Bank		0.6	3.4	2.9	1.7	1.4	1.1
			Of which: IMF	(0.2)	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)

Sources: Central Bank of Guinea-Bissau; and staff estimates and projections.

Table 28.

Guinea-Bissau: External Grant Disbursements, 1990-95

Sources: Directorate-General of Strategic Planning, Ministry of Planning and International Cooperation.

^{^1/}Excludes technical assistance.

^{^2/}Not included in the public investment program.

^{^3/}Not included in the public investment program, except for SNV disbursements.

Table 28.

Guinea-Bissau: External Grant Disbursements, 1990-95

			1990	1991	1992	1993	1994	1995
Total			44.16	42.26	39.48	43.69	54.38	59.42
	Project aid		28.96	32.72	28.49	36.58	44.27	39.26
		Of which: technical assistance	(10.14)	(9.13)	(7.41)	(8.41)	(5.14)	(6.49)
From Multilateral donors ^1/			…	…	…	6.28	13.13	7.26
	European Union		…	…	…	5.38	7.35	4.57
	FAO		…	…	…	…	0.45	…
	UNDP		…	…	…	…	3.50	2.69
	UNICEF ^2/		…	…	…	…	0.97	…
	WHO		…	…	…	…	0.86	…
From bilateral donors ^1/			…	…	…	16.93	24.80	18.61
	Canada		…	…	…	…	0.27	…
	France		…	…	…	…	4.67	…
	Japan		…	…	…	…	2.38	7.06
	Sweden		…	…	…	5.70	8.08	5.07
	Portugal		…	…	…	…	0.03	…
	United States ^2/		…	…	…	…	6.08	…
	Taiwan, P.C.		…	…	…	…	3.30	4.85
	Other		…	…	…	…	0.0	1.63
From nongovernmental organizations ^1/ ^3/			…	…	…	4.96	6.34	6.91
	Of which: Association of Dutch volunteers (SNV)		(…)	(…)	(…)	(…)	(2.10)	(-1.69)
Balance of payments aid			15.20	3.64	7.20	3.50	1.69	14.79
	From European Union		0.0	0.0	0.0	0.0	0.0	1.6
	From bilateral donors		15.20	3.64	5.40	3.50	1.69	13.19
		Of which: Grants for multilateral Debt repayment	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(12.34)
Food aid			0.0	5.90	3.79	1.80	2.06	3.05
	Of which: World Food Program		(0.0)	(…)	(…)	(…)	(2.03)	(0.76)
Other aid			…	…	…	1.81	6.37	2.32
	Of which: elections aid		(0.0)	(0.0)	(0.0)	(…)	(4.15)	(0.0)
From multilateral donors			…	…	…	…	1.22	0.0
	European Union		…	…	…	…	0.75	0.0
	UNDP		…	…	…	…	0.32	0.0
	UNICEF		…	…	…	…	0.12	0.0
	Other		…	…	…	…	0.03	0.0
From bilateral donors			…	…	…	…	3.38	0.16
	France		…	…	…	…	0.63	0.0
	The Netherlands		…	…	…	…	0.28	0.0
	Portugal		…	…	…	…	0.57	0.0
	Sweden		…	…	…	…	1.18	0.0
	United States		…	…	…	…	0.51	0.0
	Taiwan, P.C.		…	…	…	…	0.17	0.16
	Other		…	…	…	…	0.06	0.0
From nongovernmental organizations			…	…	…	…	1.77	2.16
	Of which: Association of Dutch Volunteers (SNV)		(…)	(…)	(…)	(…)	(1.32)	(1.35)

Sources: Directorate-General of Strategic Planning, Ministry of Planning and International Cooperation.

^{^1/}Excludes technical assistance.

^{^2/}Not included in the public investment program.

^{^3/}Not included in the public investment program, except for SNV disbursements.

Table 28.

Guinea-Bissau: External Grant Disbursements, 1990-95

			1990	1991	1992	1993	1994	1995
Total			44.16	42.26	39.48	43.69	54.38	59.42
	Project aid		28.96	32.72	28.49	36.58	44.27	39.26
		Of which: technical assistance	(10.14)	(9.13)	(7.41)	(8.41)	(5.14)	(6.49)
From Multilateral donors ^1/			…	…	…	6.28	13.13	7.26
	European Union		…	…	…	5.38	7.35	4.57
	FAO		…	…	…	…	0.45	…
	UNDP		…	…	…	…	3.50	2.69
	UNICEF ^2/		…	…	…	…	0.97	…
	WHO		…	…	…	…	0.86	…
From bilateral donors ^1/			…	…	…	16.93	24.80	18.61
	Canada		…	…	…	…	0.27	…
	France		…	…	…	…	4.67	…
	Japan		…	…	…	…	2.38	7.06
	Sweden		…	…	…	5.70	8.08	5.07
	Portugal		…	…	…	…	0.03	…
	United States ^2/		…	…	…	…	6.08	…
	Taiwan, P.C.		…	…	…	…	3.30	4.85
	Other		…	…	…	…	0.0	1.63
From nongovernmental organizations ^1/ ^3/			…	…	…	4.96	6.34	6.91
	Of which: Association of Dutch volunteers (SNV)		(…)	(…)	(…)	(…)	(2.10)	(-1.69)
Balance of payments aid			15.20	3.64	7.20	3.50	1.69	14.79
	From European Union		0.0	0.0	0.0	0.0	0.0	1.6
	From bilateral donors		15.20	3.64	5.40	3.50	1.69	13.19
		Of which: Grants for multilateral Debt repayment	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(12.34)
Food aid			0.0	5.90	3.79	1.80	2.06	3.05
	Of which: World Food Program		(0.0)	(…)	(…)	(…)	(2.03)	(0.76)
Other aid			…	…	…	1.81	6.37	2.32
	Of which: elections aid		(0.0)	(0.0)	(0.0)	(…)	(4.15)	(0.0)
From multilateral donors			…	…	…	…	1.22	0.0
	European Union		…	…	…	…	0.75	0.0
	UNDP		…	…	…	…	0.32	0.0
	UNICEF		…	…	…	…	0.12	0.0
	Other		…	…	…	…	0.03	0.0
From bilateral donors			…	…	…	…	3.38	0.16
	France		…	…	…	…	0.63	0.0
	The Netherlands		…	…	…	…	0.28	0.0
	Portugal		…	…	…	…	0.57	0.0
	Sweden		…	…	…	…	1.18	0.0
	United States		…	…	…	…	0.51	0.0
	Taiwan, P.C.		…	…	…	…	0.17	0.16
	Other		…	…	…	…	0.06	0.0
From nongovernmental organizations			…	…	…	…	1.77	2.16
	Of which: Association of Dutch Volunteers (SNV)		(…)	(…)	(…)	(…)	(1.32)	(1.35)

Sources: Directorate-General of Strategic Planning, Ministry of Planning and International Cooperation.

^{^1/}Excludes technical assistance.

^{^2/}Not included in the public investment program.

^{^3/}Not included in the public investment program, except for SNV disbursements.

Table 29.

Guinea-Bissau: External Debt Outstanding, 1992-95

(In millions of U.S. dollars)

Sources: Directorate-General of the Treasury, Ministry of Finance; and Central Bank of Guinea-Bissau (BCGB).

^{^1/}At official accounting exchange rate for ruble-denominated debt.

Table 29.

Guinea-Bissau: External Debt Outstanding, 1992-95

(In millions of U.S. dollars)

								1992	1993	1994	1995
Total external debt outstanding (end-of-year)								839.9	842.0	891.3	944.6
	Medium- and long-term							815.7	808.0	845.3	902.4
		Multilateral						331.1	334.2	363.7	386.9
			Treasury					326.0	329.4	359.1	381.0
				African Development Bank				10.7	10.7	11.3	7.4
				African Development Fund				94.7	96.4	103.0	111.8
				ADB Group -Nigeria Special Fund				2.3	2.3	2.4	1.9
				BADEA				6.0	5.4	7.4	9.4
				ECOWAS/CEDEAO				1.3	1.4	1.6	1.6
				European Investment Bank				8.9	7.9	8.7	9.4
				FIDA				9.0	9.0	9.5	11.0
				IDA				175.7	178.7	197.3	211.8
				IDA/European Union				0.8	0.7	0.7	0.7
				Islamic Development Bank				10.3	10.3	11.0	9.4
				OPEC Fund				8.7	8.8	8.5	8.5
			Central bank (IMF only)					5.1	4.8	4.6	5.9
		Bilateral						484.6	473.8	481.6	515.4
			Treasury					458.7	458.1	481.6	515.4
				Paris Club (Cutoff date: December 1986)				234.0	228.5	243.5	267.2
					Pie-cutoff never rescheduled			…	0.0	0.0	0.0
					Pre-cutoff rescheduled Paris Club III-1995			168.6	168.4	179.4	189.2
						Not previously rescheduled		120.6	122.7	127.4	158.4
							Brazil	12.1	15.2	15.8	15.7
							Germany	3.2	3.2	3.2	3.0
							Italy (OTB)	30.6	30.6	33.2	54.4
							Portugal	74.7	73.8	75.3	853
						Rescheduled Paris Club I-1987		24.6	22.9	26.1	17.9
							Belgium	3.9	3.6	4.3	4.0
							France	9.1	8.3	9.4	7.1
							Italy (OTB)	5.2	4.8	5.4	5.8
							Sweden	0.6	0.6	0.7	0.9
							Switzerland	5.8	5.6	6.3	0.0
						Rescheduled Paris Club II-1989		23.4	22.7	25.9	12.8
							Belgium	1.9	1.8	2.2	1.6
							France	3.1	2.8	3.2	3.3
							Italy (OTB)	13.5	13.5	15.2	7.6
							Sweden	0.4	0.1	0.3	0.3
							Switzerland	4.6	4.5	5.0	0.0
					Post-cutoff			65.4	60.1	64.1	78.0
						Italy		59.7	53.9	57.8	70.2
						Spain		5.7	6.2	6.3	7.8
				Non-Paris Club				224.7	229.7	238.2	248.2
					Abu Dhabi			0.2	0.2	0.2	0.2
					Algeria			6.4	6.4	6.4	6.4
					Angola			18.8	18.8	18.8	16.6
					China, P.R.			2.0	2.0	1.0	6.8
					Cuba			3.0	2.6	2.9	3.2
					Kuwait			17.3	18.8	20.4	23.1
					Libya			2.5	1.9	1.2	1.3
					Pakistan			2.5	2.6	2.6	2.7
					Russia ^1/			138.9	140.1	141.0	142.0
					Saudi Arabia			12.6	13.0	12.5	12.4
					Taiwan P.C.			19.4	22.4	30.2	32.6
					Nonsovereign (Banque Franco-Portugaise)			1.2	1.0	0.9	0.9
				Central bank				25.9	15.7	0.0	0.0
			Short-term debt					24.2	34	46.0	42.3
				Treasury				1.8	1.8	4.4	4.4
					The Netherlands			0.0	0.0	2.6	2.6
					Pakistan			1.8	1.8	1.8	1.8
				Central bank				22.4	32.2	41.6	37.9
					Other central banks			15.4	26.2	19.2	17.4
					Commercial banks			…	…	9.2	9.1
					Suppliers’ credits			…	…	13.3	11.4

Sources: Directorate-General of the Treasury, Ministry of Finance; and Central Bank of Guinea-Bissau (BCGB).

^{^1/}At official accounting exchange rate for ruble-denominated debt.

Table 29.

Guinea-Bissau: External Debt Outstanding, 1992-95

(In millions of U.S. dollars)

								1992	1993	1994	1995
Total external debt outstanding (end-of-year)								839.9	842.0	891.3	944.6
	Medium- and long-term							815.7	808.0	845.3	902.4
		Multilateral						331.1	334.2	363.7	386.9
			Treasury					326.0	329.4	359.1	381.0
				African Development Bank				10.7	10.7	11.3	7.4
				African Development Fund				94.7	96.4	103.0	111.8
				ADB Group -Nigeria Special Fund				2.3	2.3	2.4	1.9
				BADEA				6.0	5.4	7.4	9.4
				ECOWAS/CEDEAO				1.3	1.4	1.6	1.6
				European Investment Bank				8.9	7.9	8.7	9.4
				FIDA				9.0	9.0	9.5	11.0
				IDA				175.7	178.7	197.3	211.8
				IDA/European Union				0.8	0.7	0.7	0.7
				Islamic Development Bank				10.3	10.3	11.0	9.4
				OPEC Fund				8.7	8.8	8.5	8.5
			Central bank (IMF only)					5.1	4.8	4.6	5.9
		Bilateral						484.6	473.8	481.6	515.4
			Treasury					458.7	458.1	481.6	515.4
				Paris Club (Cutoff date: December 1986)				234.0	228.5	243.5	267.2
					Pie-cutoff never rescheduled			…	0.0	0.0	0.0
					Pre-cutoff rescheduled Paris Club III-1995			168.6	168.4	179.4	189.2
						Not previously rescheduled		120.6	122.7	127.4	158.4
							Brazil	12.1	15.2	15.8	15.7
							Germany	3.2	3.2	3.2	3.0
							Italy (OTB)	30.6	30.6	33.2	54.4
							Portugal	74.7	73.8	75.3	853
						Rescheduled Paris Club I-1987		24.6	22.9	26.1	17.9
							Belgium	3.9	3.6	4.3	4.0
							France	9.1	8.3	9.4	7.1
							Italy (OTB)	5.2	4.8	5.4	5.8
							Sweden	0.6	0.6	0.7	0.9
							Switzerland	5.8	5.6	6.3	0.0
						Rescheduled Paris Club II-1989		23.4	22.7	25.9	12.8
							Belgium	1.9	1.8	2.2	1.6
							France	3.1	2.8	3.2	3.3
							Italy (OTB)	13.5	13.5	15.2	7.6
							Sweden	0.4	0.1	0.3	0.3
							Switzerland	4.6	4.5	5.0	0.0
					Post-cutoff			65.4	60.1	64.1	78.0
						Italy		59.7	53.9	57.8	70.2
						Spain		5.7	6.2	6.3	7.8
				Non-Paris Club				224.7	229.7	238.2	248.2
					Abu Dhabi			0.2	0.2	0.2	0.2
					Algeria			6.4	6.4	6.4	6.4
					Angola			18.8	18.8	18.8	16.6
					China, P.R.			2.0	2.0	1.0	6.8
					Cuba			3.0	2.6	2.9	3.2
					Kuwait			17.3	18.8	20.4	23.1
					Libya			2.5	1.9	1.2	1.3
					Pakistan			2.5	2.6	2.6	2.7
					Russia ^1/			138.9	140.1	141.0	142.0
					Saudi Arabia			12.6	13.0	12.5	12.4
					Taiwan P.C.			19.4	22.4	30.2	32.6
					Nonsovereign (Banque Franco-Portugaise)			1.2	1.0	0.9	0.9
				Central bank				25.9	15.7	0.0	0.0
			Short-term debt					24.2	34	46.0	42.3
				Treasury				1.8	1.8	4.4	4.4
					The Netherlands			0.0	0.0	2.6	2.6
					Pakistan			1.8	1.8	1.8	1.8
				Central bank				22.4	32.2	41.6	37.9
					Other central banks			15.4	26.2	19.2	17.4
					Commercial banks			…	…	9.2	9.1
					Suppliers’ credits			…	…	13.3	11.4

Sources: Directorate-General of the Treasury, Ministry of Finance; and Central Bank of Guinea-Bissau (BCGB).

^{^1/}At official accounting exchange rate for ruble-denominated debt.

Table 30.

Guinea-Bissau: External Arrears Outstanding, 1992-95

(In millions of U.S. dollars)

Sources: Directorate-General of the Treasury, Ministry of Finance; and Central Bank of Guinea-Bissau (BCGB).

^{^1/}At official accounting exchange rate for ruble-denominated debt.

Table 30.

Guinea-Bissau: External Arrears Outstanding, 1992-95

(In millions of U.S. dollars)

							1992	1993	1994	1995
Total stock of arrears outstanding (end-of-year)							361.1	375.2	414.3	232.4
	Medium- and long-term						337.5	341.3	372.4	201.3
		Multilateral					25.6	29.4	34.4	23.9
			Treasury				25.6	29.4	34.4	23.9
			African Development Bank				0.9	2.9	4.4	0.0
			African Development Fund				2.1	2.0	3.3	0.0
			BADEA				4.1	4.7	4.4	2.7
			CEDEAO				0.2	0.5	0.6	0.8
			European Investment Bank				0.5	0.9	2.3	1.9
			FIDA				0.1	0.3	0.5	0.7
			IDA				0.4	0.3	0.4	0.8
			IDA/European Union				0.0	0.0	0.0	0.0
			Islamic Development Bank				10.3	10.3	11.0	93
			OPEC Fund				7.1	7.5	7.5	7.7
		Central bank (IMF only)					0.0	0.0	0.0	0.0
	Bilateral						311.9	311.8	338.1	177.4
			Treasury				299.4	305.5	338.1	177.4
				Paris Club (Cutoff date: December 1986)			134.7	136.7	165.2	6.0
				Pre-cutoff never rescheduled			…	0.0	0.0	0.0
				Pre-cutoff rescheduled Paris Club III-1995			74.9	82.3	106.9	2.5
					Not previously rescheduled		68.9	74.4	92.2	2.2
						Brazil	7.3	0.0	0.7	0.1
						Germany	0.0	0.1	0.4	0.0
						Italy	23.9	23.9	31.6	0.3
						Portugal	37.8	50.5	59.5	1.8
					Rescheduled Paris Club I-1987		3.3	3.9	7.4	0.3
						Belgium	0.6	0.8	1.1	0.1
						France	1.5	1.8	4.9	0.2
						Italy	0.5	0.5	0.7	…
						Sweden	0.0	0.0	0.0	0.0
						Switzerland	0.7	0.9	0.68	…
					Rescheduled Paris Club II-1989		2.6	4.0	7.3	…
						Belgium	0.4	0.5	0.6	…
						France	0.6	0.7	0.9	…
						Italy	1.1	2.1	2.8	…
						Sweden	0.0	0.0	0.0	…
						Switzerland	0.6	0.7	2.9	…
				Post-cutoff			59.9	54.4	58.3	3.5
					Italy		59.7	53.9	57.8	3.0
					Spain		0.2	0.5	0.5	0.6
			Non-Paris Club				164.7	168.9	172.9	171.4
				Abu Dhabi			0.2	0.2	0.2	0.2
				Algeria			3.6	4.3	5.1	5.7
				Angola			18.8	18.8	18.8	16.6
				China, P.R.			0.1	0.4	0.5	3.2
				Cuba			3.0	2.6	2.9	3.2
				Kuwait			4.2	5.4	6.4	1.5
				Libya			0.0	0.0	0.0	0.7
				Pakistan			0.5	0.8	1.0	1.3
				Russia ^1/			131.3	132.2	133.2	134.2
				Saudi Arabia			2.5	3.2	3.1	0.9
				Taiwan, P.C.			—	0.9	1.5	3.8
				Nonsovercign (Banque Franco-Portugaise)			0.4	0.1	0.3	0.3
			Central bank				12.5	6.3	0.0	0.0
		Short-term debt					23.6	33.9	41.9	31.1
			Treasury				1.8	1.8	1.8	4.6
				The Netherlands			0.0	0.0	0.0	2.8
				Pakistan			1.8	1.8	1.8	1.8
			Central bank				21.8	32.1	40.1	26.5
				Other central banks			15.4	26.2	19.0	13.6
				Commercial banks			…	…	9.0	8.8
				Suppliers’ credits			…	…	12.1	4.1

Sources: Directorate-General of the Treasury, Ministry of Finance; and Central Bank of Guinea-Bissau (BCGB).

^{^1/}At official accounting exchange rate for ruble-denominated debt.

Table 30.

Guinea-Bissau: External Arrears Outstanding, 1992-95

(In millions of U.S. dollars)

							1992	1993	1994	1995
Total stock of arrears outstanding (end-of-year)							361.1	375.2	414.3	232.4
	Medium- and long-term						337.5	341.3	372.4	201.3
		Multilateral					25.6	29.4	34.4	23.9
			Treasury				25.6	29.4	34.4	23.9
			African Development Bank				0.9	2.9	4.4	0.0
			African Development Fund				2.1	2.0	3.3	0.0
			BADEA				4.1	4.7	4.4	2.7
			CEDEAO				0.2	0.5	0.6	0.8
			European Investment Bank				0.5	0.9	2.3	1.9
			FIDA				0.1	0.3	0.5	0.7
			IDA				0.4	0.3	0.4	0.8
			IDA/European Union				0.0	0.0	0.0	0.0
			Islamic Development Bank				10.3	10.3	11.0	93
			OPEC Fund				7.1	7.5	7.5	7.7
		Central bank (IMF only)					0.0	0.0	0.0	0.0
	Bilateral						311.9	311.8	338.1	177.4
			Treasury				299.4	305.5	338.1	177.4
				Paris Club (Cutoff date: December 1986)			134.7	136.7	165.2	6.0
				Pre-cutoff never rescheduled			…	0.0	0.0	0.0
				Pre-cutoff rescheduled Paris Club III-1995			74.9	82.3	106.9	2.5
					Not previously rescheduled		68.9	74.4	92.2	2.2
						Brazil	7.3	0.0	0.7	0.1
						Germany	0.0	0.1	0.4	0.0
						Italy	23.9	23.9	31.6	0.3
						Portugal	37.8	50.5	59.5	1.8
					Rescheduled Paris Club I-1987		3.3	3.9	7.4	0.3
						Belgium	0.6	0.8	1.1	0.1
						France	1.5	1.8	4.9	0.2
						Italy	0.5	0.5	0.7	…
						Sweden	0.0	0.0	0.0	0.0
						Switzerland	0.7	0.9	0.68	…
					Rescheduled Paris Club II-1989		2.6	4.0	7.3	…
						Belgium	0.4	0.5	0.6	…
						France	0.6	0.7	0.9	…
						Italy	1.1	2.1	2.8	…
						Sweden	0.0	0.0	0.0	…
						Switzerland	0.6	0.7	2.9	…
				Post-cutoff			59.9	54.4	58.3	3.5
					Italy		59.7	53.9	57.8	3.0
					Spain		0.2	0.5	0.5	0.6
			Non-Paris Club				164.7	168.9	172.9	171.4
				Abu Dhabi			0.2	0.2	0.2	0.2
				Algeria			3.6	4.3	5.1	5.7
				Angola			18.8	18.8	18.8	16.6
				China, P.R.			0.1	0.4	0.5	3.2
				Cuba			3.0	2.6	2.9	3.2
				Kuwait			4.2	5.4	6.4	1.5
				Libya			0.0	0.0	0.0	0.7
				Pakistan			0.5	0.8	1.0	1.3
				Russia ^1/			131.3	132.2	133.2	134.2
				Saudi Arabia			2.5	3.2	3.1	0.9
				Taiwan, P.C.			—	0.9	1.5	3.8
				Nonsovercign (Banque Franco-Portugaise)			0.4	0.1	0.3	0.3
			Central bank				12.5	6.3	0.0	0.0
		Short-term debt					23.6	33.9	41.9	31.1
			Treasury				1.8	1.8	1.8	4.6
				The Netherlands			0.0	0.0	0.0	2.8
				Pakistan			1.8	1.8	1.8	1.8
			Central bank				21.8	32.1	40.1	26.5
				Other central banks			15.4	26.2	19.0	13.6
				Commercial banks			…	…	9.0	8.8
				Suppliers’ credits			…	…	12.1	4.1

Sources: Directorate-General of the Treasury, Ministry of Finance; and Central Bank of Guinea-Bissau (BCGB).

^{^1/}At official accounting exchange rate for ruble-denominated debt.

Appendix: Guinea-Bissau: Summary of Tax System, December 1996

Sources: Directorate-General of Taxes and Contributions (DGCI) and Directorate-General of Customs (DGA), Ministry of Finance.

^{^1/}Starting in 1997, multiple individual corporations will be exempt from complementary tax.

Appendix: Guinea-Bissau: Summary of Tax System, December 1996

Tax

Nature of Tax

Exemptions and Deductions

Rates

1. Direct taxes

1.1 Bussiness Profit Tax (Contribuição Industrial)

Levied on income from commercial or industrial activities, whether permanent or occasional; chargeable to individuals and to legal entities having their main offices or a permanent agency in Guinea-Bissau and to nonresidents which are owed payments or loans by resident entities, for the exercise of such activities and for a period of less than six months; withholding at source of 15 percent of taxable base; and withholding at customs of 3 percent of c.i.f value of selected imports.

For corporations without accounting records and low business volume (less than PG 500 million in sales), taxation is made on a presumptive basis at the applicable rate.

Exemptions granted to legally constituted political parties; employers’ and professional associations; legal entities engaged in activities in the public interest; international organizations deemed legal entities under international public law; diplomatic missions; religious organizations and welfare, sports, cultural, recreational, and similar associations.

Tax liability reductions awarded as incentives to selected productive activities.

Full deduction for 3 percent withholding of c.i.f. import value at customs. However, the following are exempt from withholding:

–by importer: Merchandise imported by emigrants, foreign cooperants, nongovernmental organizations, religious organizations, and other entities declared officially as of “public interest or utility.”

–by product: Rice, flour, sugar, soap, edibile oils, fuel products, milk, zinc sheet, nails cement, and medications.

Single individual corporations: (subject to complementary tax)

Income Brackets (In PG millions)	Rates
Up to 6	20 percent
6-50	30 percent
Over 50	35 percent
Profits from commercialization of oil products	50 percent
Multiple individual corporations: ^1/
Non resident	15 percent
Profits from commercialization of oil products	50 percent

1.2 Tax on Urban Rental Income (Contribuição Predial Urbana)

Income from urban real estate (rent or utility obtained or potentially obtainable by the owner of record from the use or enjoyment thereof, including compensation for any right of use or enjoyment through normal or principal use or through accessory, secondary, or occasional uses).

Chargeable to the owner of record of income (those persons in whose name the property is registered or who are in possession of it); to each joint owner; to lessees in the case of subleasing.

Site exemptions for national monuments, properties used for religious purposes, cemeteries and their structures; properties on which are located schools, hospitals, or assistance stations, provided they do not generate income.

Owner exemptions for the State, including local governments; legally constituted political parties; public institutions; legal entities engaged in activities in the public interest; cultural, recreational and sports associations; diplomatic and consular missions, and missions of international organizations deemed legal entities under the international public law.

Also exempted are buildings whose gross taxable income does not exceed PG 120,000 per year, and, for 10 years, new residential buildings for owner occupancy or for rental yielding up to PG 600,000 per year.

Reduction of 25 percent of the gross taxable income (rental value) for property maintenance expenses.

Income Brackets (In PG millions)	Rates
Up to 1.5	15 percent
Over 1.5	20 percent

1.3 Tax on Rural Income (Contribuição Predial Rustica)

Assessed by the customs department on the f.o.b. value of the main agricultural export commodities.

None.

Products	Rates (On f.o.b. value)
Cashew nuts	2 percent
Cotton	2 percent
Cotton seed	2 percent
Coconuts	1 percent
Groundnuts	1 percent
Palm oil	1 percent
Logs and wood products	1 percent

1.4 Labor Income Tax

(Imposto Profissional)

Earned income, in cash or in kind, from employment for others, contracts for furnishing of services, or exercise of professional or technical activities (day wages, wages and salaries, gratuities and bonuses, and other forms of compensation, including honoraria, paid to scientists, artists and technical professionals, or permanent or occasional services).

Chargeable to public servants, employees of public semipublic and private enterprises, workers in cooperatives (including their members), self-employed, and to those who are not permanent residents of Guinea Bissau but are the owners of record of income generated from work therein.

Does not cover income from family allowance or other allowances based on household composition or status; sickness allowances and pensions; relocation allowances and severance pay, income earned by aliens in diplomatic or official activities for organizations deemed to be governed by international public law, annual income up to PG 3.6 million.

Income Brackets (In PG millions)	Rates
I. Employees:
Up to 3.6	exempt
Over 3.6- 7.2	2 percent
Over 7.2- 10.5	4 percent
Over 10.5- 15.4	6 percent
Over 15.4- 24.3	8 percent
Over 24.3- 40.5	10 percent
Over 40.5- 50.0	13 percent
Over 50.0- 59.0	16 percent
Over 59.0	20 percent
II. Self-employed professionals:
Up to 10.0	10 percent
Over 10.0- 40.0	20 percent
Over 40.0	30 percent

1.5 Complementary Tax

(Imposto Complementer)

Levied on aggregate income generated in Guinea-Bissau by individuals entities subject to the preceding taxes or to the Capital Income Tax and having their domicile, actual residence, main offices or a permanent agency in Guinea-Bissau for a period in excess of six months per year.

Individuals are assessed on household income earned by both spouses and dependent children and on income arising from their shares in partnerships.

Exemptions: The State, including local governments; legally constituted political parties; legal entities engaged in activities in the public interest; sports, recreational, cultural and welfare associations; entities engaged in activities of significant national interest; and exemptions granted under agreements (limited to the income from the activities covered by the agreements).

Deductions

I. From gross taxable income:

a. Schedular taxes paid on aggregate income
b. Income exempt from the Complementary Tax.

II. From the taxable income of individuals:

a. Taxpayers without dependents: PG 6 million.
b. Taxpayers with dependents: PG 12 million.
c. Mandatory social contributions chargeable to wages and salaries.

Income Brackets (In PG millions)	Rates
I. Individuals:
Up to 3.5	4 percent
Over 3.5 - 10.0	8 percent
Over 10.0- 15.0	12 percent
Over 15.0- 20.0	16 percent
Over 20.0	20 percent
II. Multiple individual corporations: ^1/
Up to 12.0	5 percent
Over 12.0 -24.0	10 percent
Over 24.0	20 percent

1.6 Capital Income Tax

(Imposto de Capitals)

Interest from capital lent out, in cash or in kind; income arising from deferral of installments or from late compliance with obligations; profits or dividends imputed to partners; profits earned in participation accounts; interest on deposits; interest from partners’ capital contributions or supplies to companies; interest earned in current accounts; interest on obligations issued by any public or private entity; income arising from the temporary assignment of commercial or industrial establishments or received as compensation for the suspension or reduction of commercial or industrial activities; income from franchising or assignment of patents, exploration licenses, utility models, industrial designs and models, trade marks, establishment names or insignia, manufacturing processes, or any kind of assignment of technology; any income from capital investments not provided for and not subject to any other schedular tax.

Exemptions: The State, including local governments; legally constituted political parties; legal entities engaged in activities in the public interest; credit institutions subject to Business Profits Tax on interest from loans extended; businessmen subject to Business Profits Tax on income arising from services rendered or obtained from the exercise of activities not explicitly excluded from the Business Profits Tax Code.

Standard rate - 25 percent

Reduced rate -10 percent Applicable to:

a. Profits or dividends imputed to partners;

b. Profits earned in participation accounts;

c. Income from franchising or assignment of patents, exploration licenses, utility models, industrial designs aid models, trademarks, establishment names or insignia, manufacturing processes, or any kind of assignment of technology or of income from capital investments not explicitly provided for and subject to any other schedular tax.

2. Indirect taxes

2.1 Domestic Consumption Tax (Imposto sobre o Consumo e Fabrico de Produtos Locais)

Levied on domestically produced consumer goods, except export goods.

For exceptional cases, as determined by ministerial order.

Ad valorem and specific rates, examples of which are the following:

Beer	50 percent
Rum (“aguardente”)	PG 5,000/liter
Bricks, tiles	5 percent
Statuettes and other crafts	30 percent
Gasoline	45 percent
Diesel fuel	5 percent
Cigarettes	16 percent

2.2 Stamp Tax (Imposto de Selo e Estambilhas)

Levied on all documents, bodes, papers, acts and products listed in the Schedules.

As listed in the Schedules, including court proceedings and records, partition and distribution proceedings, award deeds, sea rescue service charters, and many others.

Variable fixed amounts or rates for specific transactions:

“Papel selado” - PG 3,000

“Selo de Assistencia” - PG 1,000

“Selo de Reconstrucao” - PG 1,000

2.3 Motor Vehicle Transfer Tax (Imposto de Transacções sobre Veiculos)

Levied on the transfer of automobiles, ships or boats, motorcycles, and airplanes

Exemptions: For imports for the importer’s own use or for use by a taxpayer already subject to Business Profits Tax on the same event.

Deduction of 50 percent when a used vehicle is received as part payment for a new vehicle.

	Rates
	(In percent)
	Self-Use	Rental
Motorcycles	3	6
All other vehicles
Business use	6	10
Private use
Land vehicles	3	…
Aircraft, boats	5	…

2.4 Real Estate Transfer Tax (Imposto de Sisa)

Levied on transfers of real estate.

Same as for rental value tax.

10 percent

2.5 Inheritance and Gift Tax (Imposto sobre Sucessões e Doacões)

Levied on net value of property transferred as gifts or inheritances.

Same as for rental value tax.

5,10,20,25, and 50 percent depending on degree of kinship.

3. Taxes on international trade

3.1 Import Duty (Direitos de Importacão) (Customs Tariff; Decree 3 9/80 of November 1,1980 and ministerial order and 1995 law on exemptions)

Levied on the c.i.f fiscal value of imported goods.

Exemptions: Capital goods and raw materials imported under the Investment Code; personal belongings of individuals who become Guinea-Bissau residents and of arriving travelers, small merchandise remittances from emigrants, foreign estates accruing to residents of Guinea-Bissau, and basic goods imported by State agencies or charitable organizations, foreign donations, educational and scientific materials, funerary articles, medical supplies imported by the State or State-approved organizations, military equipment for the Armed Forces, and some merchandises imported by emigrants, foreign cooperants, nongovernmental organizations, diplomats, and political parties.

Rates ranging from 0 to 60 percent, depending on kind of merchandise imported. Examples:

Sugar	25 percent
Diesel fuel	5 percent
Gasoline	60 percent
Bear	25 percent
Cigarettes	25 percent
Automobiles	0-60 percent
Pharmaceuticals	0-5 percent
Concrete	5 percent
Flour (all grains)	5 percent
Machinery, engines, and electrical appliances	0-20 percent
Distilled spirits	20-40 percent

3.2 Port Service Charges Emolumentos Gerais Aduaneiros) (Decree 36/A-83 of December 23, 1983)

Levied on the fiscal value of exports or imports and customs services.

Same as for the import duty. Diplomatic representatives and religious missions.

-6-10 percent ad valorem on fiscal value of imports.

Rice	-6 percent
Gasoline	-6 percent
Diesel fuel	- 6 percent

-5 percent ad valorem on fiscal value of exports.

3.3 Consumption Tax (Imposto de Consumo) (Decree 36/A-83 of December 23,1983)

Levied on the c.i.f. fiscal value of certain imported goods.

Generally same as for the Import Duty, with exceptions such as vehicles imported by emigrants.

Rates ranging from 5 to 85 percent, depending on kind of merchandise imported.

(Rice imports - 14 percent)

3.4 Lighthouse Tax (Taxa de Farolagem)

Levied on boats departing national ports, to pay for the cost of sea marks, buoys, and lighthouses.

None.

Specific rates.

3.5 martime commerce Tax (Imposto do Comércio Maritime) (Decree 36/A-83 of December 23,1983)

Levied on goods offloaded at the Port of Bissau.

Exemptions: Military material, grants, scientific missions, and fishing vessels.

Specific rates.

3.6 Tonnage Tax (Imposto de Tonelagem) (Decree 36/A-83 of December 23,1983)

Levied on gross measurement tonnage of ships.

Exemptions: Warships, ships carrying grant aid, scientific missions, and fishing vessels.

Specific rates.

3.7 Storage Fees (Taxas de Armazenagem) (Decree 36/A-83 of December 23,1983)

Levied on the warehousing of merchandise.

None.

Specific rates.

3.8 Transit Fees (Taxas de Tráfego) (Decree 36/A-83 of December 23, 1983)

Levied on the circulation of merchandise within customs areas.

None.

Specific rates.

3.9 Extraordinary Tax on Cashew Nut Exports (Imposto Extraordinário sobre a Exportacllo de Castanha de Cajú) (Decree 8/87 of May 4, 1987)

Incidence: Levied on the f.o.b. fiscal value of exports of cashew nuts.

None.

12.5 percent of the f.o.b. value.

(Since 1989 this rate has been gradually reduced from 34 percent)

Sources: Directorate-General of Taxes and Contributions (DGCI) and Directorate-General of Customs (DGA), Ministry of Finance.

^{^1/}Starting in 1997, multiple individual corporations will be exempt from complementary tax.

Appendix: Guinea-Bissau: Summary of Tax System, December 1996

Tax

Nature of Tax

Exemptions and Deductions

Rates

1. Direct taxes

1.1 Bussiness Profit Tax (Contribuição Industrial)

Single individual corporations: (subject to complementary tax)

Income Brackets (In PG millions)	Rates
Up to 6	20 percent
6-50	30 percent
Over 50	35 percent
Profits from commercialization of oil products	50 percent
Multiple individual corporations: ^1/
Non resident	15 percent
Profits from commercialization of oil products	50 percent

1.2 Tax on Urban Rental Income (Contribuição Predial Urbana)

Income Brackets (In PG millions)	Rates
Up to 1.5	15 percent
Over 1.5	20 percent

1.3 Tax on Rural Income (Contribuição Predial Rustica)

Assessed by the customs department on the f.o.b. value of the main agricultural export commodities.

None.

Products	Rates (On f.o.b. value)
Cashew nuts	2 percent
Cotton	2 percent
Cotton seed	2 percent
Coconuts	1 percent
Groundnuts	1 percent
Palm oil	1 percent
Logs and wood products	1 percent

1.4 Labor Income Tax

(Imposto Profissional)

Income Brackets (In PG millions)	Rates
I. Employees:
Up to 3.6	exempt
Over 3.6- 7.2	2 percent
Over 7.2- 10.5	4 percent
Over 10.5- 15.4	6 percent
Over 15.4- 24.3	8 percent
Over 24.3- 40.5	10 percent
Over 40.5- 50.0	13 percent
Over 50.0- 59.0	16 percent
Over 59.0	20 percent
II. Self-employed professionals:
Up to 10.0	10 percent
Over 10.0- 40.0	20 percent
Over 40.0	30 percent

1.5 Complementary Tax

(Imposto Complementer)

a. Schedular taxes paid on aggregate income
b. Income exempt from the Complementary Tax.

II. From the taxable income of individuals:

a. Taxpayers without dependents: PG 6 million.
b. Taxpayers with dependents: PG 12 million.
c. Mandatory social contributions chargeable to wages and salaries.

Income Brackets (In PG millions)	Rates
I. Individuals:
Up to 3.5	4 percent
Over 3.5 - 10.0	8 percent
Over 10.0- 15.0	12 percent
Over 15.0- 20.0	16 percent
Over 20.0	20 percent
II. Multiple individual corporations: ^1/
Up to 12.0	5 percent
Over 12.0 -24.0	10 percent
Over 24.0	20 percent

1.6 Capital Income Tax

(Imposto de Capitals)

2. Indirect taxes

2.1 Domestic Consumption Tax (Imposto sobre o Consumo e Fabrico de Produtos Locais)

Levied on domestically produced consumer goods, except export goods.

For exceptional cases, as determined by ministerial order.

Ad valorem and specific rates, examples of which are the following:

Beer	50 percent
Rum (“aguardente”)	PG 5,000/liter
Bricks, tiles	5 percent
Statuettes and other crafts	30 percent
Gasoline	45 percent
Diesel fuel	5 percent
Cigarettes	16 percent

2.2 Stamp Tax (Imposto de Selo e Estambilhas)

Levied on all documents, bodes, papers, acts and products listed in the Schedules.

As listed in the Schedules, including court proceedings and records, partition and distribution proceedings, award deeds, sea rescue service charters, and many others.

Variable fixed amounts or rates for specific transactions:

“Papel selado” - PG 3,000

“Selo de Assistencia” - PG 1,000

“Selo de Reconstrucao” - PG 1,000

2.3 Motor Vehicle Transfer Tax (Imposto de Transacções sobre Veiculos)

Levied on the transfer of automobiles, ships or boats, motorcycles, and airplanes

	Rates
	(In percent)
	Self-Use	Rental
Motorcycles	3	6
All other vehicles
Business use	6	10
Private use
Land vehicles	3	…
Aircraft, boats	5	…

2.4 Real Estate Transfer Tax (Imposto de Sisa)

Levied on transfers of real estate.

Same as for rental value tax.

10 percent

2.5 Inheritance and Gift Tax (Imposto sobre Sucessões e Doacões)

Levied on net value of property transferred as gifts or inheritances.

Same as for rental value tax.

5,10,20,25, and 50 percent depending on degree of kinship.

3. Taxes on international trade

3.1 Import Duty (Direitos de Importacão) (Customs Tariff; Decree 3 9/80 of November 1,1980 and ministerial order and 1995 law on exemptions)

Levied on the c.i.f fiscal value of imported goods.

Rates ranging from 0 to 60 percent, depending on kind of merchandise imported. Examples:

Sugar	25 percent
Diesel fuel	5 percent
Gasoline	60 percent
Bear	25 percent
Cigarettes	25 percent
Automobiles	0-60 percent
Pharmaceuticals	0-5 percent
Concrete	5 percent
Flour (all grains)	5 percent
Machinery, engines, and electrical appliances	0-20 percent
Distilled spirits	20-40 percent

3.2 Port Service Charges Emolumentos Gerais Aduaneiros) (Decree 36/A-83 of December 23, 1983)

Levied on the fiscal value of exports or imports and customs services.

Same as for the import duty. Diplomatic representatives and religious missions.

-6-10 percent ad valorem on fiscal value of imports.

Rice	-6 percent
Gasoline	-6 percent
Diesel fuel	- 6 percent

-5 percent ad valorem on fiscal value of exports.

3.3 Consumption Tax (Imposto de Consumo) (Decree 36/A-83 of December 23,1983)

Levied on the c.i.f. fiscal value of certain imported goods.

Generally same as for the Import Duty, with exceptions such as vehicles imported by emigrants.

Rates ranging from 5 to 85 percent, depending on kind of merchandise imported.

(Rice imports - 14 percent)

3.4 Lighthouse Tax (Taxa de Farolagem)

Levied on boats departing national ports, to pay for the cost of sea marks, buoys, and lighthouses.

None.

Specific rates.

3.5 martime commerce Tax (Imposto do Comércio Maritime) (Decree 36/A-83 of December 23,1983)

Levied on goods offloaded at the Port of Bissau.

Exemptions: Military material, grants, scientific missions, and fishing vessels.

Specific rates.

3.6 Tonnage Tax (Imposto de Tonelagem) (Decree 36/A-83 of December 23,1983)

Levied on gross measurement tonnage of ships.

Exemptions: Warships, ships carrying grant aid, scientific missions, and fishing vessels.

Specific rates.

3.7 Storage Fees (Taxas de Armazenagem) (Decree 36/A-83 of December 23,1983)

Levied on the warehousing of merchandise.

None.

Specific rates.

3.8 Transit Fees (Taxas de Tráfego) (Decree 36/A-83 of December 23, 1983)

Levied on the circulation of merchandise within customs areas.

None.

Specific rates.

3.9 Extraordinary Tax on Cashew Nut Exports (Imposto Extraordinário sobre a Exportacllo de Castanha de Cajú) (Decree 8/87 of May 4, 1987)

Incidence: Levied on the f.o.b. fiscal value of exports of cashew nuts.

None.

12.5 percent of the f.o.b. value.

(Since 1989 this rate has been gradually reduced from 34 percent)

Sources: Directorate-General of Taxes and Contributions (DGCI) and Directorate-General of Customs (DGA), Ministry of Finance.

^{^1/}Starting in 1997, multiple individual corporations will be exempt from complementary tax.

Bibliography: Fund sources

EBS/96/—, Guinea-Bissau - Staff Report for the 1996 Article IV Consultation, February – 1997.
- Search Google Scholar
- Export Citation
EBS/96/79, Guinea-Bissau–Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, May 17, 1996.
- Search Google Scholar
- Export Citation
EBD/96/65, Guinea-Bissau–Enhanced Structural Adjustment Facility – Medium-Term Economic and Financial Policy Framework Paper (1996-98) May 17, 1996.
- Search Google Scholar
- Export Citation
SM/95/219, Guinea-Bissau – Recent Economic Developments, August 31, 1995.
- Search Google Scholar
- Export Citation
SM/95/185, Guinea-Bissau – Staff Report for the 1995 Article IV Consultation, July 28, 1995.
- Search Google Scholar
- Export Citation
SM/95/57, Guinea-Bissau – Report on External Debt Renegotiation, March 23, 1995.
- Search Google Scholar
- Export Citation

World Bank sources:

World Development Report, 1996.
Social Indicators of Development 1996, June 1996.
Report No. 14331-GUB, Republic of Guinea-Bissau – Transport and Urban Infrastructure Project, Staff Appraisal Report, May 31, 1995.
- Search Google Scholar
- Export Citation
Report No. 13155-GUB, Republic of Guinea-Bissau – Poverty Assessment and Social Sectors Strategy Review, Vols. I, II, and III, June 3, 1994.
- Search Google Scholar
- Export Citation

Official sources:

Síntese da Coniuntura Ecónomica & Execução do ESAF, Ministério das Finanças and Banco Central da Guiné-Bissau (BCGB), July 1996.
- Search Google Scholar
- Export Citation
Orcamento Geral do Estado 1996, Ministério das Finanças, February 1996.
- Search Google Scholar
- Export Citation
Anuário 1994, Ministério do Desenvolvimento Rural e Agricultura, August 1995.
- Search Google Scholar
- Export Citation

Other sources:

Novas Orientações de Politica Pesqueira Nacional, Trade and Investment Policy Support Project (TIPS), Bissau-Seattle, October 25, 1994.

Search Google Scholar
Export Citation

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Guinea-Bissau: Statistical Appendix

Author:

International Monetary Fund

Volume/Issue:: Volume 1997: Issue 037

Publisher:: International Monetary Fund

ISBN:: 9781451815696

ISSN:: 1934-7685

Pages:: 43

DOI:: https://doi.org/10.5089/9781451815696.002

Keywords
Bibliography: Fund sources
World Bank sources:
Official sources:
Other sources:

Foresee

Appendix: Guinea-Bissau: Summary of Tax System, December 1996

Tax

Nature of Tax

Exemptions and Deductions

Rates

1. Direct taxes

1.1 Bussiness Profit Tax (Contribuição Industrial)

Single individual corporations: (subject to complementary tax)

Income Brackets (In PG millions)	Rates
Up to 6	20 percent
6-50	30 percent
Over 50	35 percent
Profits from commercialization of oil products	50 percent
Multiple individual corporations: ^1/
Non resident	15 percent
Profits from commercialization of oil products	50 percent

1.2 Tax on Urban Rental Income (Contribuição Predial Urbana)

Income Brackets (In PG millions)	Rates
Up to 1.5	15 percent
Over 1.5	20 percent

1.3 Tax on Rural Income (Contribuição Predial Rustica)

Assessed by the customs department on the f.o.b. value of the main agricultural export commodities.

None.

Products	Rates (On f.o.b. value)
Cashew nuts	2 percent
Cotton	2 percent
Cotton seed	2 percent
Coconuts	1 percent
Groundnuts	1 percent
Palm oil	1 percent
Logs and wood products	1 percent

1.4 Labor Income Tax

(Imposto Profissional)

Income Brackets (In PG millions)	Rates
I. Employees:
Up to 3.6	exempt
Over 3.6- 7.2	2 percent
Over 7.2- 10.5	4 percent
Over 10.5- 15.4	6 percent
Over 15.4- 24.3	8 percent
Over 24.3- 40.5	10 percent
Over 40.5- 50.0	13 percent
Over 50.0- 59.0	16 percent
Over 59.0	20 percent
II. Self-employed professionals:
Up to 10.0	10 percent
Over 10.0- 40.0	20 percent
Over 40.0	30 percent

1.5 Complementary Tax

(Imposto Complementer)

a. Schedular taxes paid on aggregate income
b. Income exempt from the Complementary Tax.

II. From the taxable income of individuals:

a. Taxpayers without dependents: PG 6 million.
b. Taxpayers with dependents: PG 12 million.
c. Mandatory social contributions chargeable to wages and salaries.

Income Brackets (In PG millions)	Rates
I. Individuals:
Up to 3.5	4 percent
Over 3.5 - 10.0	8 percent
Over 10.0- 15.0	12 percent
Over 15.0- 20.0	16 percent
Over 20.0	20 percent
II. Multiple individual corporations: ^1/
Up to 12.0	5 percent
Over 12.0 -24.0	10 percent
Over 24.0	20 percent

1.6 Capital Income Tax

(Imposto de Capitals)

2. Indirect taxes

2.1 Domestic Consumption Tax (Imposto sobre o Consumo e Fabrico de Produtos Locais)

Levied on domestically produced consumer goods, except export goods.

For exceptional cases, as determined by ministerial order.

Ad valorem and specific rates, examples of which are the following:

Beer	50 percent
Rum (“aguardente”)	PG 5,000/liter
Bricks, tiles	5 percent
Statuettes and other crafts	30 percent
Gasoline	45 percent
Diesel fuel	5 percent
Cigarettes	16 percent

2.2 Stamp Tax (Imposto de Selo e Estambilhas)

Levied on all documents, bodes, papers, acts and products listed in the Schedules.

As listed in the Schedules, including court proceedings and records, partition and distribution proceedings, award deeds, sea rescue service charters, and many others.

Variable fixed amounts or rates for specific transactions:

“Papel selado” - PG 3,000

“Selo de Assistencia” - PG 1,000

“Selo de Reconstrucao” - PG 1,000

2.3 Motor Vehicle Transfer Tax (Imposto de Transacções sobre Veiculos)

Levied on the transfer of automobiles, ships or boats, motorcycles, and airplanes

	Rates
	(In percent)
	Self-Use	Rental
Motorcycles	3	6
All other vehicles
Business use	6	10
Private use
Land vehicles	3	…
Aircraft, boats	5	…

2.4 Real Estate Transfer Tax (Imposto de Sisa)

Levied on transfers of real estate.

Same as for rental value tax.

10 percent

2.5 Inheritance and Gift Tax (Imposto sobre Sucessões e Doacões)

Levied on net value of property transferred as gifts or inheritances.

Same as for rental value tax.

5,10,20,25, and 50 percent depending on degree of kinship.

3. Taxes on international trade

3.1 Import Duty (Direitos de Importacão) (Customs Tariff; Decree 3 9/80 of November 1,1980 and ministerial order and 1995 law on exemptions)

Levied on the c.i.f fiscal value of imported goods.

Rates ranging from 0 to 60 percent, depending on kind of merchandise imported. Examples:

Sugar	25 percent
Diesel fuel	5 percent
Gasoline	60 percent
Bear	25 percent
Cigarettes	25 percent
Automobiles	0-60 percent
Pharmaceuticals	0-5 percent
Concrete	5 percent
Flour (all grains)	5 percent
Machinery, engines, and electrical appliances	0-20 percent
Distilled spirits	20-40 percent

3.2 Port Service Charges Emolumentos Gerais Aduaneiros) (Decree 36/A-83 of December 23, 1983)

Levied on the fiscal value of exports or imports and customs services.

Same as for the import duty. Diplomatic representatives and religious missions.

-6-10 percent ad valorem on fiscal value of imports.

Rice	-6 percent
Gasoline	-6 percent
Diesel fuel	- 6 percent

-5 percent ad valorem on fiscal value of exports.

3.3 Consumption Tax (Imposto de Consumo) (Decree 36/A-83 of December 23,1983)

Levied on the c.i.f. fiscal value of certain imported goods.

Generally same as for the Import Duty, with exceptions such as vehicles imported by emigrants.

Rates ranging from 5 to 85 percent, depending on kind of merchandise imported.

(Rice imports - 14 percent)

3.4 Lighthouse Tax (Taxa de Farolagem)

Levied on boats departing national ports, to pay for the cost of sea marks, buoys, and lighthouses.

None.

Specific rates.

3.5 martime commerce Tax (Imposto do Comércio Maritime) (Decree 36/A-83 of December 23,1983)

Levied on goods offloaded at the Port of Bissau.

Exemptions: Military material, grants, scientific missions, and fishing vessels.

Specific rates.

3.6 Tonnage Tax (Imposto de Tonelagem) (Decree 36/A-83 of December 23,1983)

Levied on gross measurement tonnage of ships.

Exemptions: Warships, ships carrying grant aid, scientific missions, and fishing vessels.

Specific rates.

3.7 Storage Fees (Taxas de Armazenagem) (Decree 36/A-83 of December 23,1983)

Levied on the warehousing of merchandise.

None.

Specific rates.

3.8 Transit Fees (Taxas de Tráfego) (Decree 36/A-83 of December 23, 1983)

Levied on the circulation of merchandise within customs areas.

None.

Specific rates.

3.9 Extraordinary Tax on Cashew Nut Exports (Imposto Extraordinário sobre a Exportacllo de Castanha de Cajú) (Decree 8/87 of May 4, 1987)

Incidence: Levied on the f.o.b. fiscal value of exports of cashew nuts.

None.

12.5 percent of the f.o.b. value.

(Since 1989 this rate has been gradually reduced from 34 percent)

Sources: Directorate-General of Taxes and Contributions (DGCI) and Directorate-General of Customs (DGA), Ministry of Finance.

^{^1/}Starting in 1997, multiple individual corporations will be exempt from complementary tax.

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