Abstract
The statistical data on real GDP by sector, nominal GDP by sector, investment-savings balance, output of main crops, stocks, production, and uses of cashew nuts, industrial and artisanal fishing, electricity and water production, alternative consumer price index, central government operations, revenue and expenditure, civil service employment and developments, and the status of public enterprise reform of Guinea-Bissau are presented in this paper. The data on monetary survey, summary accounts of the central bank, balance of payments, and related economic indices are also presented.
Guinea-Bissau: Basic Data 1/
I. Social and Demographic Indicators
I. Social and Demographic Indicators
| Area and land use | |||
| Area | 36,125 | ||
| Crop land (1997) | 4,496 | ||
| Forest (1995) | 23,090 | ||
| Population (1998) | |||
| Total population (estimate; in millions) | 1.16 | ||
| Average growth rate, 1980-98 (in percent) | 2.1 | ||
| Density (population per sq km) | 32 | ||
| Life expectancy at birth (in years) | 44 | ||
| Infant mortality rate (under 5 years; per 1,000) | 231 | ||
| Urban population (in percent of total) | 23 | ||
| Labor force (1998) | |||
| Total number of workers | 545,825 | ||
| Of which: percentage working in agriculture | 85 | ||
| Female participation rate (in percent) | 40.4 | ||
| Nutrition and health (1993) | |||
| Daily calorie supply (calories per person) | 2,600 | ||
| Population per physician (1994) | 5,546 | ||
| Access to safe water (in percent) | 25 | ||
| Access to sanitation (in percent) | 29 | ||
| Education (1994) | |||
| Gross enrollment ratios (1994) | |||
| Primary (percent of school-age group) | 61.8 | ||
| Of which: Female | 45.3 | ||
| Secondary (percent of school-age group) | 6 | ||
| Of which: Female | 2 | ||
| Illiteracy (percent of population; older than 15 years) | 67.8 | ||
| Commercial energy use (1994) | |||
| Kilogram per capita (oil equivalent) | 37 | ||
| Net imports in percent of energy consumption | 100 | ||
I. Social and Demographic Indicators
| Area and land use | |||
| Area | 36,125 | ||
| Crop land (1997) | 4,496 | ||
| Forest (1995) | 23,090 | ||
| Population (1998) | |||
| Total population (estimate; in millions) | 1.16 | ||
| Average growth rate, 1980-98 (in percent) | 2.1 | ||
| Density (population per sq km) | 32 | ||
| Life expectancy at birth (in years) | 44 | ||
| Infant mortality rate (under 5 years; per 1,000) | 231 | ||
| Urban population (in percent of total) | 23 | ||
| Labor force (1998) | |||
| Total number of workers | 545,825 | ||
| Of which: percentage working in agriculture | 85 | ||
| Female participation rate (in percent) | 40.4 | ||
| Nutrition and health (1993) | |||
| Daily calorie supply (calories per person) | 2,600 | ||
| Population per physician (1994) | 5,546 | ||
| Access to safe water (in percent) | 25 | ||
| Access to sanitation (in percent) | 29 | ||
| Education (1994) | |||
| Gross enrollment ratios (1994) | |||
| Primary (percent of school-age group) | 61.8 | ||
| Of which: Female | 45.3 | ||
| Secondary (percent of school-age group) | 6 | ||
| Of which: Female | 2 | ||
| Illiteracy (percent of population; older than 15 years) | 67.8 | ||
| Commercial energy use (1994) | |||
| Kilogram per capita (oil equivalent) | 37 | ||
| Net imports in percent of energy consumption | 100 | ||
II. Economic Indicators, 1994-99
Numbers may not total because of rounding.
Current budget, excluding scheduled external interest payments.
After debt relief.
II. Economic Indicators, 1994-99
| 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross domestic product | ||||||||||
| GDP at market prices (in millions of francs CFA) | 130,833 | 126,738 | 139,358 | 156,750 | 121,328 | 134,432 | ||||
| GDP per capita (in U.S. dollars) | 222 | 234 | 246 | 238 | 179 | 185 | ||||
| (In percent of GDP) | ||||||||||
| Primary sector | 52.8 | 52.5 | 54.2 | 54.6 | 62.4 | 62.3 | ||||
| Secondary sector | 15.1 | 15.7 | 15.5 | 15.3 | 11.8 | 11.8 | ||||
| Tertiary sector | 32.1 | 31.8 | 30.3 | 30.1 | 25.8 | 26.0 | ||||
| Consumption | 96.07 | 101.15 | 97.57 | 97.10 | 110.05 | 102.19 | ||||
| Gross domestic investment | 21.77 | 22.30 | 22.88 | 21.77 | 11.42 | 16.27 | ||||
| Gross domestic savings | 3.93 | -1.15 | 1.74 | 2.90 | -10.05 | -2.19 | ||||
| Resource gap | -17.84 | -23.45 | -21.14 | -18.87 | -21.46 | -18.46 | ||||
| (Annual percentage change) | ||||||||||
| Real GDP at market prices | 3.15 | 4.41 | 1.87 | 4.77 | -28.07 | 7.79 | ||||
| GDP deflator at market prices | 23.3 | 44.7 | 49.8 | 7.4 | 7.6 | 2.8 | ||||
| (In percent; unless otherwise indicated) | ||||||||||
| Prices | ||||||||||
| Consumer price index (period average) | 15.2 | 45.1 | 50.9 | 49.1 | 8.0 | -2.1 | ||||
| Terms of trade (deterioration -) | -15.4 | -5.4 | -0.2 | 4.9 | -9.8 | 19.5 | ||||
| Exchange rate (CFA/US$; period average) | 555.2 | 499.2 | 511.6 | 583.7 | 590.0 | 615.7 | ||||
| Trade-weighted effective exchange rate indexes (depreciation -) | ||||||||||
| Nominal | -15.0 | -32.2 | -26.8 | -23.9 | 1.0 | -1.6 | ||||
| Real | -11.0 | -7.6 | 4.9 | 12.4 | 6.6 | -5.1 | ||||
| Government finances | (In millions of CFA francs) | |||||||||
| Total revenue and grants | 53.5 | 60.6 | 43.8 | 44.0 | 10.5 | 30.0 | ||||
| Of which: revenue | 24.4 | 26.5 | 25.5 | 24.0 | 6.6 | 23.9 | ||||
| Total expenditure and net lending | 70.1 | 63.6 | 68.1 | 72.5 | 30.2 | 43.3 | ||||
| Current expenditure | 28.7 | 32.1 | 32.2 | 24.0 | 22.8 | 28.4 | ||||
| Capital expenditure | 40.3 | 31.7 | 30.4 | 27.9 | 7.5 | 14.9 | ||||
| Net lending | 1.2 | -0.2 | 5.5 | 20.6 | -0.1 | 0.0 | ||||
| Overall balance (commitment basis) | ||||||||||
| Excluding grants | -45.7 | -37.1 | -43.2 | -48.5 | -23.6 | -19.4 | ||||
| Overall balance (cash basis) | -9.1 | -26.5 | -25.2 | -33.2 | -9.3 | -5.2 | ||||
| Financing (net) | 9.1 | 26.5 | 25.2 | 33.2 | 9.3 | 5.2 | ||||
| External | 10.3 | -119.3 | -17.7 | 16.7 | 2.3 | -0.2 | ||||
| Domestic banking system | -1.4 | -8.4 | 6.4 | 0.7 | 5.1 | 5.4 | ||||
| Debt relief | 0.3 | 154.2 | 36.4 | 15.8 | 2.2 | 0.0 | ||||
| (In percent of GDP) | ||||||||||
| Budgetary revenue | 12.4 | 12.7 | 12.5 | 15.3 | 5.4 | 17.8 | ||||
| Current expenditure | 14.5 | 15.3 | 15.8 | 15.3 | 18.8 | 21.1 | ||||
| Current primary balance 2/ | 3.3 | 4.0 | 3.3 | 5.4 | -6.5 | 3.2 | ||||
| Overall balance (commitment basis) | ||||||||||
| Excluding grants | -23.1 | -17.7 | -21.2 | -31.0 | -19.4 | -14.4 | ||||
| Money and credit | (In millions of CFA francs; end of period) | |||||||||
| Net foreign assets | … | -4,245 | -5,264 | 20,475 | 17,748 | 13,593 | ||||
| Net domestic assets | … | 15,857 | 22,872 | 15,868 | 18,667 | 25,647 | ||||
| Net claims on the government | … | -4,123 | -2,716 | -2,009 | 3,629 | 9,020 | ||||
| Credit to the economy | … | 5,201 | 7,404 | 6,701 | 10,917 | 11,863 | ||||
| Broad money | … | 11,604 | 17,607 | 36,343 | 36,415 | 39,240 | ||||
| Medium- and long-term foreign liabilities | … | 0.0 | 0.0 | … | … | … | ||||
| Balance of payments | (In millions of U.S. dollars) | |||||||||
| Current account | -29.2 | -44.6 | -44.6 | -23.7 | -27.2 | -27.0 | ||||
| Exports of goods and services | 38.8 | 29.6 | 28.5 | 56.4 | 29.8 | 55.7 | ||||
| Imports of goods and services | -80.9 | -89.2 | -86.1 | -107.1 | -74.0 | -96.1 | ||||
| Services (net) | -21.5 | -24.1 | -22.4 | -26.0 | -19.0 | -25.9 | ||||
| Fishing licenses | 11.7 | 11.3 | 13.7 | 15.4 | 1.3 | 12.7 | ||||
| Scheduled interest payments | -14.1 | -18.0 | -18.6 | -14.3 | -14.1 | -14.3 | ||||
| Current transfers (net) | 26.9 | 33.0 | 31.7 | 41.3 | 31.1 | 27.6 | ||||
| (In millions of U.S. dollar) | ||||||||||
| Capital account | 44.4 | 55.5 | 40.7 | 32.2 | 0.0 | 20.7 | ||||
| Financial account | -63.4 | -27.8 | -23.0 | -9.0 | 2.9 | -24.3 | ||||
| Medium- and long-term loan disbursements | 18.0 | 18.7 | 22.0 | 25.7 | 10.2 | 2.4 | ||||
| Scheduled amortization (excl. IMF) | -36.9 | -34.8 | -28.5 | -18.3 | -17.8 | -19.7 | ||||
| Private short-term capital (including errors and omissions) | -49.8 | -4.8 | -26.3 | -10.6 | 4.5 | -11.3 | ||||
| Overall balance | -48.2 | -16.9 | -26.9 | -0.5 | -24.2 | -38.5 | ||||
| Change in official net foreign assets (increase -) | 5.8 | 1.2 | -9.4 | -19.5 | 1.6 | 10.1 | ||||
| Debt relief obtained | 0.2 | 177.1 | 59.1 | 9.4 | 3.7 | 0.0 | ||||
| Change in arrears | 42.3 | -161.5 | -22.9 | 15.8 | 21.5 | 28.4 | ||||
| External public debt | 888.5 | 932.6 | 918.8 | 899.1 | 844.6 | 994.6 | ||||
| Of which: outstanding debt service arrears | 414.3 | 232.4 | 202.9 | 217.3 | 198.7 | 214.1 | ||||
| (In units indicated) | ||||||||||
| Current account (excluding official transfers, in percent of GDP) | -23.3 | -29.5 | -27.4 | -23.4 | -20.5 | -22.9 | ||||
| Scheduled debt service ratio (in percent of exports of goods and service credits) 3/ | 130.9 | 104.5 | 84.2 | 40.9 | 106.9 | 60.9 | ||||
| Gross official reserves (end of period) In months of imports of goods and nonfactor services | 2.5 | 2.8 | 1.3 | 5.2 | 4.9 | 3.2 | ||||
Numbers may not total because of rounding.
Current budget, excluding scheduled external interest payments.
After debt relief.
II. Economic Indicators, 1994-99
| 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross domestic product | ||||||||||
| GDP at market prices (in millions of francs CFA) | 130,833 | 126,738 | 139,358 | 156,750 | 121,328 | 134,432 | ||||
| GDP per capita (in U.S. dollars) | 222 | 234 | 246 | 238 | 179 | 185 | ||||
| (In percent of GDP) | ||||||||||
| Primary sector | 52.8 | 52.5 | 54.2 | 54.6 | 62.4 | 62.3 | ||||
| Secondary sector | 15.1 | 15.7 | 15.5 | 15.3 | 11.8 | 11.8 | ||||
| Tertiary sector | 32.1 | 31.8 | 30.3 | 30.1 | 25.8 | 26.0 | ||||
| Consumption | 96.07 | 101.15 | 97.57 | 97.10 | 110.05 | 102.19 | ||||
| Gross domestic investment | 21.77 | 22.30 | 22.88 | 21.77 | 11.42 | 16.27 | ||||
| Gross domestic savings | 3.93 | -1.15 | 1.74 | 2.90 | -10.05 | -2.19 | ||||
| Resource gap | -17.84 | -23.45 | -21.14 | -18.87 | -21.46 | -18.46 | ||||
| (Annual percentage change) | ||||||||||
| Real GDP at market prices | 3.15 | 4.41 | 1.87 | 4.77 | -28.07 | 7.79 | ||||
| GDP deflator at market prices | 23.3 | 44.7 | 49.8 | 7.4 | 7.6 | 2.8 | ||||
| (In percent; unless otherwise indicated) | ||||||||||
| Prices | ||||||||||
| Consumer price index (period average) | 15.2 | 45.1 | 50.9 | 49.1 | 8.0 | -2.1 | ||||
| Terms of trade (deterioration -) | -15.4 | -5.4 | -0.2 | 4.9 | -9.8 | 19.5 | ||||
| Exchange rate (CFA/US$; period average) | 555.2 | 499.2 | 511.6 | 583.7 | 590.0 | 615.7 | ||||
| Trade-weighted effective exchange rate indexes (depreciation -) | ||||||||||
| Nominal | -15.0 | -32.2 | -26.8 | -23.9 | 1.0 | -1.6 | ||||
| Real | -11.0 | -7.6 | 4.9 | 12.4 | 6.6 | -5.1 | ||||
| Government finances | (In millions of CFA francs) | |||||||||
| Total revenue and grants | 53.5 | 60.6 | 43.8 | 44.0 | 10.5 | 30.0 | ||||
| Of which: revenue | 24.4 | 26.5 | 25.5 | 24.0 | 6.6 | 23.9 | ||||
| Total expenditure and net lending | 70.1 | 63.6 | 68.1 | 72.5 | 30.2 | 43.3 | ||||
| Current expenditure | 28.7 | 32.1 | 32.2 | 24.0 | 22.8 | 28.4 | ||||
| Capital expenditure | 40.3 | 31.7 | 30.4 | 27.9 | 7.5 | 14.9 | ||||
| Net lending | 1.2 | -0.2 | 5.5 | 20.6 | -0.1 | 0.0 | ||||
| Overall balance (commitment basis) | ||||||||||
| Excluding grants | -45.7 | -37.1 | -43.2 | -48.5 | -23.6 | -19.4 | ||||
| Overall balance (cash basis) | -9.1 | -26.5 | -25.2 | -33.2 | -9.3 | -5.2 | ||||
| Financing (net) | 9.1 | 26.5 | 25.2 | 33.2 | 9.3 | 5.2 | ||||
| External | 10.3 | -119.3 | -17.7 | 16.7 | 2.3 | -0.2 | ||||
| Domestic banking system | -1.4 | -8.4 | 6.4 | 0.7 | 5.1 | 5.4 | ||||
| Debt relief | 0.3 | 154.2 | 36.4 | 15.8 | 2.2 | 0.0 | ||||
| (In percent of GDP) | ||||||||||
| Budgetary revenue | 12.4 | 12.7 | 12.5 | 15.3 | 5.4 | 17.8 | ||||
| Current expenditure | 14.5 | 15.3 | 15.8 | 15.3 | 18.8 | 21.1 | ||||
| Current primary balance 2/ | 3.3 | 4.0 | 3.3 | 5.4 | -6.5 | 3.2 | ||||
| Overall balance (commitment basis) | ||||||||||
| Excluding grants | -23.1 | -17.7 | -21.2 | -31.0 | -19.4 | -14.4 | ||||
| Money and credit | (In millions of CFA francs; end of period) | |||||||||
| Net foreign assets | … | -4,245 | -5,264 | 20,475 | 17,748 | 13,593 | ||||
| Net domestic assets | … | 15,857 | 22,872 | 15,868 | 18,667 | 25,647 | ||||
| Net claims on the government | … | -4,123 | -2,716 | -2,009 | 3,629 | 9,020 | ||||
| Credit to the economy | … | 5,201 | 7,404 | 6,701 | 10,917 | 11,863 | ||||
| Broad money | … | 11,604 | 17,607 | 36,343 | 36,415 | 39,240 | ||||
| Medium- and long-term foreign liabilities | … | 0.0 | 0.0 | … | … | … | ||||
| Balance of payments | (In millions of U.S. dollars) | |||||||||
| Current account | -29.2 | -44.6 | -44.6 | -23.7 | -27.2 | -27.0 | ||||
| Exports of goods and services | 38.8 | 29.6 | 28.5 | 56.4 | 29.8 | 55.7 | ||||
| Imports of goods and services | -80.9 | -89.2 | -86.1 | -107.1 | -74.0 | -96.1 | ||||
| Services (net) | -21.5 | -24.1 | -22.4 | -26.0 | -19.0 | -25.9 | ||||
| Fishing licenses | 11.7 | 11.3 | 13.7 | 15.4 | 1.3 | 12.7 | ||||
| Scheduled interest payments | -14.1 | -18.0 | -18.6 | -14.3 | -14.1 | -14.3 | ||||
| Current transfers (net) | 26.9 | 33.0 | 31.7 | 41.3 | 31.1 | 27.6 | ||||
| (In millions of U.S. dollar) | ||||||||||
| Capital account | 44.4 | 55.5 | 40.7 | 32.2 | 0.0 | 20.7 | ||||
| Financial account | -63.4 | -27.8 | -23.0 | -9.0 | 2.9 | -24.3 | ||||
| Medium- and long-term loan disbursements | 18.0 | 18.7 | 22.0 | 25.7 | 10.2 | 2.4 | ||||
| Scheduled amortization (excl. IMF) | -36.9 | -34.8 | -28.5 | -18.3 | -17.8 | -19.7 | ||||
| Private short-term capital (including errors and omissions) | -49.8 | -4.8 | -26.3 | -10.6 | 4.5 | -11.3 | ||||
| Overall balance | -48.2 | -16.9 | -26.9 | -0.5 | -24.2 | -38.5 | ||||
| Change in official net foreign assets (increase -) | 5.8 | 1.2 | -9.4 | -19.5 | 1.6 | 10.1 | ||||
| Debt relief obtained | 0.2 | 177.1 | 59.1 | 9.4 | 3.7 | 0.0 | ||||
| Change in arrears | 42.3 | -161.5 | -22.9 | 15.8 | 21.5 | 28.4 | ||||
| External public debt | 888.5 | 932.6 | 918.8 | 899.1 | 844.6 | 994.6 | ||||
| Of which: outstanding debt service arrears | 414.3 | 232.4 | 202.9 | 217.3 | 198.7 | 214.1 | ||||
| (In units indicated) | ||||||||||
| Current account (excluding official transfers, in percent of GDP) | -23.3 | -29.5 | -27.4 | -23.4 | -20.5 | -22.9 | ||||
| Scheduled debt service ratio (in percent of exports of goods and service credits) 3/ | 130.9 | 104.5 | 84.2 | 40.9 | 106.9 | 60.9 | ||||
| Gross official reserves (end of period) In months of imports of goods and nonfactor services | 2.5 | 2.8 | 1.3 | 5.2 | 4.9 | 3.2 | ||||
Numbers may not total because of rounding.
Current budget, excluding scheduled external interest payments.
After debt relief.
Table 1.Sources: Guinea-Bissau authorities; and staff estimates.
Guinea-Bissau: Real GDP by Sector, 1992-99
(In constant 1986 prices)
Table 1.
Sources: Guinea-Bissau authorities; and staff estimates.
Guinea-Bissau: Real GDP by Sector, 1992-99
(In constant 1986 prices)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1997 | 1998 | 1999 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Guinea-Bissau pesos) | (In millions of CFA francs) | |||||||||
| Agriculture, fishing, and forestry | 27,427 | 29,092 | 30,672 | 32,696 | 34,952 | 36,386 | 541.9 | 439.6 | 472.7 | |
| Industry (including water and electricity) | 6,673 | 6,925 | 7,067 | 7,335 | 7,526 | 8,046 | 119.8 | 76.3 | 73.3 | |
| Construction | 3,770 | 3,000 | 1,930 | 1,998 | 2,099 | 2,277 | 33.9 | 11.7 | 13.2 | |
| Commerce, restaurants, and hotels | 12,829 | 12,782 | 13,975 | 14,171 | 14,667 | 15,658 | 233.2 | 131.8 | 146.3 | |
| Transport and communications | 1,474 | 1,445 | 1,489 | 1,544 | 1,601 | 1,704 | 25.4 | 25.6 | 25.3 | |
| Banks, insurance, and other services | 521 | 465 | 506 | 528 | 548 | 579 | 8.6 | 4.1 | 3.9 | |
| Public administration | 4,822 | 4,832 | 4,717 | 4,613 | 4,299 | 4,219 | 62.8 | 69.6 | 81.1 | |
| GDP at factor cost | 57,517 | 58,540 | 60,356 | 62,885 | 65,693 | 69,020 | 1,028.0 | 744.2 | 796.5 | |
| Indirect taxes | 457 | 623 | 672 | 837 | 959 | 1,230 | 18.3 | 8.4 | 14.7 | |
| GDP at market prices | 57,974 | 59,163 | 61,028 | 63,723 | 66,652 | 70,249 | 1,046.3 | 752.6 | 811.2 | |
| (In percent of GDP) | ||||||||||
| Agriculture, fishing, and forestry | 47.7 | 49.7 | 50.8 | 52.0 | 53.2 | 52.7 | 52.7 | 59.1 | 59.4 | |
| Industry (including water and electricity) | 11.6 | 11.8 | 11.7 | 11.7 | 11.5 | 11.7 | 11.7 | 10.2 | 9.2 | |
| Construction | 6.6 | 5.1 | 3.2 | 3.2 | 3.2 | 3.3 | 3.3 | 1.6 | 1.7 | |
| Commerce, restaurants, and hotels | 22.3 | 21.8 | 23.2 | 22.5 | 22.3 | 22.7 | 22.7 | 17.7 | 18.4 | |
| Transport and communications | 2.6 | 2.5 | 2.5 | 2.5 | 2.4 | 2.5 | 2.5 | 3.4 | 3.2 | |
| Banks, insurance, and other services | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.6 | 0.5 | |
| Public administration | 8.4 | 8.3 | 7.8 | 7.3 | 6.5 | 6.1 | 6.1 | 9.4 | 10.2 | |
| GDP at factor cost | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
| (Annual percentage changes) | ||||||||||
| Agriculture, fishing, and forestry | 0.9 | 6.1 | 5.4 | 6.6 | -6.9 | 7.5 | 6.0 | -18.9 | 7.5 | |
| Industry (including water and electricity) | 1.4 | 3.8 | 2.1 | 3.8 | 2.6 | 3.5 | 3.5 | -36.4 | -3.8 | |
| Construction | 28.6 | -20.4 | -35.7 | 3.5 | 5.1 | 5.0 | 5.0 | -65.6 | 12.8 | |
| Commerce, restaurants, and hotels | -2.7 | -0.4 | 9.3 | 1.4 | 3.5 | 3.4 | 3.3 | 43.5 | 11.0 | |
| Transport and communications | 2.8 | -2.0 | 3.1 | 3.7 | 3.7 | 3.0 | 3.0 | 0.8 | -1.0 | |
| Banks, insurance, and other services | 0.8 | -10.7 | 8.9 | 4.3 | 3.7 | 2.3 | 2.3 | -52.0 | -6.3 | |
| Public administration | 2.5 | 0.2 | -2.4 | -2.2 | -6.8 | -5.0 | -5.0 | 10.8 | 16.5 | |
| GDP at factor cost | 1.7 | 1.8 | 3.1 | 4.2 | 4.5 | 5.1 | 4.4 | -27.6 | 7.0 | |
| Indirect taxes | -44.6 | 36.2 | 8.0 | 24.5 | 14.5 | 17.5 | 28.4 | -54.0 | 75.2 | |
| GDP at market prices | 1.1 | 2.1 | 3.2 | 4.4 | 4.6 | 5.2 | 4.8 | -28.1 | 7.8 | |
Table 1.
Sources: Guinea-Bissau authorities; and staff estimates.
Guinea-Bissau: Real GDP by Sector, 1992-99
(In constant 1986 prices)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1997 | 1998 | 1999 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Guinea-Bissau pesos) | (In millions of CFA francs) | |||||||||
| Agriculture, fishing, and forestry | 27,427 | 29,092 | 30,672 | 32,696 | 34,952 | 36,386 | 541.9 | 439.6 | 472.7 | |
| Industry (including water and electricity) | 6,673 | 6,925 | 7,067 | 7,335 | 7,526 | 8,046 | 119.8 | 76.3 | 73.3 | |
| Construction | 3,770 | 3,000 | 1,930 | 1,998 | 2,099 | 2,277 | 33.9 | 11.7 | 13.2 | |
| Commerce, restaurants, and hotels | 12,829 | 12,782 | 13,975 | 14,171 | 14,667 | 15,658 | 233.2 | 131.8 | 146.3 | |
| Transport and communications | 1,474 | 1,445 | 1,489 | 1,544 | 1,601 | 1,704 | 25.4 | 25.6 | 25.3 | |
| Banks, insurance, and other services | 521 | 465 | 506 | 528 | 548 | 579 | 8.6 | 4.1 | 3.9 | |
| Public administration | 4,822 | 4,832 | 4,717 | 4,613 | 4,299 | 4,219 | 62.8 | 69.6 | 81.1 | |
| GDP at factor cost | 57,517 | 58,540 | 60,356 | 62,885 | 65,693 | 69,020 | 1,028.0 | 744.2 | 796.5 | |
| Indirect taxes | 457 | 623 | 672 | 837 | 959 | 1,230 | 18.3 | 8.4 | 14.7 | |
| GDP at market prices | 57,974 | 59,163 | 61,028 | 63,723 | 66,652 | 70,249 | 1,046.3 | 752.6 | 811.2 | |
| (In percent of GDP) | ||||||||||
| Agriculture, fishing, and forestry | 47.7 | 49.7 | 50.8 | 52.0 | 53.2 | 52.7 | 52.7 | 59.1 | 59.4 | |
| Industry (including water and electricity) | 11.6 | 11.8 | 11.7 | 11.7 | 11.5 | 11.7 | 11.7 | 10.2 | 9.2 | |
| Construction | 6.6 | 5.1 | 3.2 | 3.2 | 3.2 | 3.3 | 3.3 | 1.6 | 1.7 | |
| Commerce, restaurants, and hotels | 22.3 | 21.8 | 23.2 | 22.5 | 22.3 | 22.7 | 22.7 | 17.7 | 18.4 | |
| Transport and communications | 2.6 | 2.5 | 2.5 | 2.5 | 2.4 | 2.5 | 2.5 | 3.4 | 3.2 | |
| Banks, insurance, and other services | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.6 | 0.5 | |
| Public administration | 8.4 | 8.3 | 7.8 | 7.3 | 6.5 | 6.1 | 6.1 | 9.4 | 10.2 | |
| GDP at factor cost | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
| (Annual percentage changes) | ||||||||||
| Agriculture, fishing, and forestry | 0.9 | 6.1 | 5.4 | 6.6 | -6.9 | 7.5 | 6.0 | -18.9 | 7.5 | |
| Industry (including water and electricity) | 1.4 | 3.8 | 2.1 | 3.8 | 2.6 | 3.5 | 3.5 | -36.4 | -3.8 | |
| Construction | 28.6 | -20.4 | -35.7 | 3.5 | 5.1 | 5.0 | 5.0 | -65.6 | 12.8 | |
| Commerce, restaurants, and hotels | -2.7 | -0.4 | 9.3 | 1.4 | 3.5 | 3.4 | 3.3 | 43.5 | 11.0 | |
| Transport and communications | 2.8 | -2.0 | 3.1 | 3.7 | 3.7 | 3.0 | 3.0 | 0.8 | -1.0 | |
| Banks, insurance, and other services | 0.8 | -10.7 | 8.9 | 4.3 | 3.7 | 2.3 | 2.3 | -52.0 | -6.3 | |
| Public administration | 2.5 | 0.2 | -2.4 | -2.2 | -6.8 | -5.0 | -5.0 | 10.8 | 16.5 | |
| GDP at factor cost | 1.7 | 1.8 | 3.1 | 4.2 | 4.5 | 5.1 | 4.4 | -27.6 | 7.0 | |
| Indirect taxes | -44.6 | 36.2 | 8.0 | 24.5 | 14.5 | 17.5 | 28.4 | -54.0 | 75.2 | |
| GDP at market prices | 1.1 | 2.1 | 3.2 | 4.4 | 4.6 | 5.2 | 4.8 | -28.1 | 7.8 | |
Table 2.Sources: Guinea-Bissau-authorities; and staff estimates.
Guinea-Bissau: Nominal GDP by Sector, 1992-99
The exchange rate at which the Guinea-Bissau pesos were converted into CFA francs in 1997 was PG 65 = CFAF 1.
Table 2.
Sources: Guinea-Bissau-authorities; and staff estimates.
Guinea-Bissau: Nominal GDP by Sector, 1992-99
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1997 | 1998 | 1999 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Guinea-Bissau pesos) | (In millions of CFA francs) | ||||||||||||
| Agriculture, fishing and forestry | 750,639 | 1,262,046 | 1,587,485 | 2,377,428 | 3,836,205 | 5,466,110 | 84,094 | 74,844 | 82,177 | ||||
| Industry (including water and electricity) | 162,863 | 231,213 | 330,073 | 526,779 | 833,589 | 1,121,250 | 17,250 | 11,812 | 12,834 | ||||
| Construction | 125,079 | 150,116 | 123,643 | 185,868 | 267,519 | 409,955 | 6,307 | 2,334 | 2,686 | ||||
| Commerce, restaurants, and hotels | 394,299 | 538,410 | 748,026 | 1,117,696 | 1,663,792 | 2,379,065 | 36,601 | 20,680 | 22,499 | ||||
| Transport and communications | 41,368 | 60,073 | 73,847 | 110,364 | 162,061 | 234,910 | 3,614 | 3,921 | 4,133 | ||||
| Banks, insurance and other services | 14,135 | 18,776 | 25,208 | 38,037 | 58,722 | 90,285 | 1,389 | 717 | 741 | ||||
| Public administration | 72,286 | 102,968 | 116,178 | 172,702 | 260,219 | 308,815 | 4,751 | 5,664 | 6,918 | ||||
| GDP at factor cost | 1,560,669 | 2,363,601 | 3,004,459 | 4,528,876 | 7,082,108 | 10,010,390 | 154,006 | 119,971 | 131,988 | ||||
| Indirect taxes | 12,406 | 25,150 | 33,476 | 60,304 | 102,642 | 167,944 | 2,744 | 1,357 | 2,444 | ||||
| GDP at market prices | 1,573,075 | 2,388,751 | 3,037,935 | 4,589,180 | 7,184,749 | 10,178,334 | 156,750 | 121,328 | 134,432 | ||||
| (In percent of GDP at factor cost) | |||||||||||||
| Agriculture, fishing, and forestry | 48.1 | 53.4 | 52.8 | 52.5 | 54.2 | 54.6 | 54.6 | 62.4 | 62.3 | ||||
| Industry (including water and electricity) | 10.4 | 9.8 | 11.0 | 11.6 | 11.8 | 11.2 | 11.2 | 9.8 | 9.7 | ||||
| Construction | 8.0 | 6.4 | 4.1 | 4.1 | 3.8 | 4.1 | 4.1 | 1.9 | 2.0 | ||||
| Commerce, restaurants, and hotels | 25.3 | 22.8 | 24.9 | 24.7 | 23.5 | 23.8 | 23.8 | 17.2 | 17.0 | ||||
| Transport and communications | 2.7 | 2.5 | 2.5 | 2.4 | 2.3 | 2.3 | 2.3 | 3.3 | 3.1 | ||||
| Banks, insurance, and other services | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.6 | 0.6 | ||||
| Public administration | 4.6 | 4.4 | 3.9 | 3.8 | 3.7 | 3.1 | 3.1 | 4.7 | 5.2 | ||||
| GDP at factor cost | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| (Annual percentage changes; unless otherwise indicated) | |||||||||||||
| Agriculture, fishing, and forestry | 55.6 | 68.1 | 25.8 | 49.8 | 62.7 | 41.3 | 41.3 | -11.0 | 9.8 | ||||
| Industry (including water and electricity) | 86.7 | 42.0 | 42.8 | 59.6 | 47.6 | 44.1 | 44.1 | -31.5 | 8.7 | ||||
| Construction | 134.8 | 20.0 | -17.6 | 50.3 | 50.8 | 46.2 | 46.2 | -63.0 | 15.1 | ||||
| Commerce, restaurants, and hotels | 78.9 | 36.5 | 38.9 | 49.4 | 47.9 | 43.9 | 43.9 | -43.5 | 8.8 | ||||
| Transport and communications | 73.2 | 45.2 | 22.9 | 49.4 | 48.4 | 43.4 | 43.4 | 8.5 | 5.4 | ||||
| Banks, insurance, and other services | 66.8 | 32.8 | 34.3 | 50.9 | 49.0 | 42.5 | 42.5 | -48.4 | 3.4 | ||||
| Public administration | 39.6 | 42.4 | 12.8 | 48.7 | 35.1 | 32.3 | 32.3 | 19.2 | 22.1 | ||||
| GDP at factor cost | 68.3 | 51.4 | 27.1 | 50.7 | 56.4 | 41.3 | 41.3 | -22.1 | 10.0 | ||||
| GDP at market prices | 67.2 | 51.9 | 27.2 | 51.1 | 56.6 | 41.7 | 41.7 | -22.6 | 10.8 | ||||
| Memorandum items: | |||||||||||||
| GDP at market price (in millions of U.S. dollars) | 226.9 | 236.9 | 235.6 | 253.9 | 272.4 | 268.3 | 268.6 | 205.7 | 218.3 | ||||
| Population (in thousands) | 1,020.3 | 1,041.1 | 1,062.4 | 1,084.0 | 1,106.1 | 1,128.6 | 1,128.6 | 1,151.6 | 1,180.4 | ||||
| Per capita GDP (in U.S. dollars) | 222.3 | 227.6 | 221.8 | 234.3 | 246.3 | 238.0 | 238.0 | 178.6 | 185.0 | ||||
| Average exchange rate (CFA francs per U.S. dollar) 1/ | 275.3 | 294.8 | 555.2 | 499.2 | 511.6 | 583.7 | 583.7 | 590.0 | 615.7 | ||||
The exchange rate at which the Guinea-Bissau pesos were converted into CFA francs in 1997 was PG 65 = CFAF 1.
Table 2.
Sources: Guinea-Bissau-authorities; and staff estimates.
Guinea-Bissau: Nominal GDP by Sector, 1992-99
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1997 | 1998 | 1999 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Guinea-Bissau pesos) | (In millions of CFA francs) | ||||||||||||
| Agriculture, fishing and forestry | 750,639 | 1,262,046 | 1,587,485 | 2,377,428 | 3,836,205 | 5,466,110 | 84,094 | 74,844 | 82,177 | ||||
| Industry (including water and electricity) | 162,863 | 231,213 | 330,073 | 526,779 | 833,589 | 1,121,250 | 17,250 | 11,812 | 12,834 | ||||
| Construction | 125,079 | 150,116 | 123,643 | 185,868 | 267,519 | 409,955 | 6,307 | 2,334 | 2,686 | ||||
| Commerce, restaurants, and hotels | 394,299 | 538,410 | 748,026 | 1,117,696 | 1,663,792 | 2,379,065 | 36,601 | 20,680 | 22,499 | ||||
| Transport and communications | 41,368 | 60,073 | 73,847 | 110,364 | 162,061 | 234,910 | 3,614 | 3,921 | 4,133 | ||||
| Banks, insurance and other services | 14,135 | 18,776 | 25,208 | 38,037 | 58,722 | 90,285 | 1,389 | 717 | 741 | ||||
| Public administration | 72,286 | 102,968 | 116,178 | 172,702 | 260,219 | 308,815 | 4,751 | 5,664 | 6,918 | ||||
| GDP at factor cost | 1,560,669 | 2,363,601 | 3,004,459 | 4,528,876 | 7,082,108 | 10,010,390 | 154,006 | 119,971 | 131,988 | ||||
| Indirect taxes | 12,406 | 25,150 | 33,476 | 60,304 | 102,642 | 167,944 | 2,744 | 1,357 | 2,444 | ||||
| GDP at market prices | 1,573,075 | 2,388,751 | 3,037,935 | 4,589,180 | 7,184,749 | 10,178,334 | 156,750 | 121,328 | 134,432 | ||||
| (In percent of GDP at factor cost) | |||||||||||||
| Agriculture, fishing, and forestry | 48.1 | 53.4 | 52.8 | 52.5 | 54.2 | 54.6 | 54.6 | 62.4 | 62.3 | ||||
| Industry (including water and electricity) | 10.4 | 9.8 | 11.0 | 11.6 | 11.8 | 11.2 | 11.2 | 9.8 | 9.7 | ||||
| Construction | 8.0 | 6.4 | 4.1 | 4.1 | 3.8 | 4.1 | 4.1 | 1.9 | 2.0 | ||||
| Commerce, restaurants, and hotels | 25.3 | 22.8 | 24.9 | 24.7 | 23.5 | 23.8 | 23.8 | 17.2 | 17.0 | ||||
| Transport and communications | 2.7 | 2.5 | 2.5 | 2.4 | 2.3 | 2.3 | 2.3 | 3.3 | 3.1 | ||||
| Banks, insurance, and other services | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.6 | 0.6 | ||||
| Public administration | 4.6 | 4.4 | 3.9 | 3.8 | 3.7 | 3.1 | 3.1 | 4.7 | 5.2 | ||||
| GDP at factor cost | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| (Annual percentage changes; unless otherwise indicated) | |||||||||||||
| Agriculture, fishing, and forestry | 55.6 | 68.1 | 25.8 | 49.8 | 62.7 | 41.3 | 41.3 | -11.0 | 9.8 | ||||
| Industry (including water and electricity) | 86.7 | 42.0 | 42.8 | 59.6 | 47.6 | 44.1 | 44.1 | -31.5 | 8.7 | ||||
| Construction | 134.8 | 20.0 | -17.6 | 50.3 | 50.8 | 46.2 | 46.2 | -63.0 | 15.1 | ||||
| Commerce, restaurants, and hotels | 78.9 | 36.5 | 38.9 | 49.4 | 47.9 | 43.9 | 43.9 | -43.5 | 8.8 | ||||
| Transport and communications | 73.2 | 45.2 | 22.9 | 49.4 | 48.4 | 43.4 | 43.4 | 8.5 | 5.4 | ||||
| Banks, insurance, and other services | 66.8 | 32.8 | 34.3 | 50.9 | 49.0 | 42.5 | 42.5 | -48.4 | 3.4 | ||||
| Public administration | 39.6 | 42.4 | 12.8 | 48.7 | 35.1 | 32.3 | 32.3 | 19.2 | 22.1 | ||||
| GDP at factor cost | 68.3 | 51.4 | 27.1 | 50.7 | 56.4 | 41.3 | 41.3 | -22.1 | 10.0 | ||||
| GDP at market prices | 67.2 | 51.9 | 27.2 | 51.1 | 56.6 | 41.7 | 41.7 | -22.6 | 10.8 | ||||
| Memorandum items: | |||||||||||||
| GDP at market price (in millions of U.S. dollars) | 226.9 | 236.9 | 235.6 | 253.9 | 272.4 | 268.3 | 268.6 | 205.7 | 218.3 | ||||
| Population (in thousands) | 1,020.3 | 1,041.1 | 1,062.4 | 1,084.0 | 1,106.1 | 1,128.6 | 1,128.6 | 1,151.6 | 1,180.4 | ||||
| Per capita GDP (in U.S. dollars) | 222.3 | 227.6 | 221.8 | 234.3 | 246.3 | 238.0 | 238.0 | 178.6 | 185.0 | ||||
| Average exchange rate (CFA francs per U.S. dollar) 1/ | 275.3 | 294.8 | 555.2 | 499.2 | 511.6 | 583.7 | 583.7 | 590.0 | 615.7 | ||||
The exchange rate at which the Guinea-Bissau pesos were converted into CFA francs in 1997 was PG 65 = CFAF 1.
Table 3.Sources: Guinea-Bissau authorities; and staff estimates.
Guinea-Bissau: Investment-Savings Balance, 1996-99
Table 3.
Sources: Guinea-Bissau authorities; and staff estimates.
Guinea-Bissau: Investment-Savings Balance, 1996-99
| 1996 | 1997 | 1998 | 1999 | ||||
|---|---|---|---|---|---|---|---|
| (In billions of CFA francs) | |||||||
| Consumption | 136.0 | 152.2 | 133.5 | 137.4 | |||
| Private sector | 126.9 | 137.8 | 122.3 | 122.5 | |||
| Public sector | 9.1 | 14.4 | 11.2 | 14.9 | |||
| Investment | 31.9 | 34.1 | 13.9 | 21.9 | |||
| Public | 20.4 | 24.5 | 7.5 | 14.9 | |||
| Private | 11.5 | 9.7 | 6.4 | 7.0 | |||
| Exports of goods and nonfactor services | 14.6 | 32.9 | 17.6 | 34.3 | |||
| Imports of goods and nonfactor services | -44.1 | -62.5 | -43.6 | -59.1 | |||
| Gross domestic product at market prices | 138.4 | 156.7 | 121.3 | 134.4 | |||
| (In percent of GDP) | |||||||
| Consumption | 97.5 | 97.1 | 110.1 | 102.2 | |||
| Private sector | 91.0 | 87.9 | 100.8 | 91.1 | |||
| Public sector | 6.5 | 9.2 | 9.3 | 11.1 | |||
| Investment | 22.9 | 21.8 | 11.4 | 16.3 | |||
| Public | 14.7 | 15.6 | 6.2 | 11.1 | |||
| Private | 8.2 | 6.2 | 5.2 | 5.2 | |||
| Exports of goods and nonfactor services | 10.5 | 21.0 | 14.5 | 25.5 | |||
| Imports of goods and nonfactor services | -31.6 | -39.8 | -36.0 | -44.0 | |||
| Gross domestic product at market prices | 100.0 | 100.0 | 100.0 | 100.0 | |||
| Gross domestic savings | 1.7 | 2.9 | -10.1 | -2.2 | |||
| Resource gap | -21.1 | -18.8 | -21.5 | -18.5 | |||
Table 3.
Sources: Guinea-Bissau authorities; and staff estimates.
Guinea-Bissau: Investment-Savings Balance, 1996-99
| 1996 | 1997 | 1998 | 1999 | ||||
|---|---|---|---|---|---|---|---|
| (In billions of CFA francs) | |||||||
| Consumption | 136.0 | 152.2 | 133.5 | 137.4 | |||
| Private sector | 126.9 | 137.8 | 122.3 | 122.5 | |||
| Public sector | 9.1 | 14.4 | 11.2 | 14.9 | |||
| Investment | 31.9 | 34.1 | 13.9 | 21.9 | |||
| Public | 20.4 | 24.5 | 7.5 | 14.9 | |||
| Private | 11.5 | 9.7 | 6.4 | 7.0 | |||
| Exports of goods and nonfactor services | 14.6 | 32.9 | 17.6 | 34.3 | |||
| Imports of goods and nonfactor services | -44.1 | -62.5 | -43.6 | -59.1 | |||
| Gross domestic product at market prices | 138.4 | 156.7 | 121.3 | 134.4 | |||
| (In percent of GDP) | |||||||
| Consumption | 97.5 | 97.1 | 110.1 | 102.2 | |||
| Private sector | 91.0 | 87.9 | 100.8 | 91.1 | |||
| Public sector | 6.5 | 9.2 | 9.3 | 11.1 | |||
| Investment | 22.9 | 21.8 | 11.4 | 16.3 | |||
| Public | 14.7 | 15.6 | 6.2 | 11.1 | |||
| Private | 8.2 | 6.2 | 5.2 | 5.2 | |||
| Exports of goods and nonfactor services | 10.5 | 21.0 | 14.5 | 25.5 | |||
| Imports of goods and nonfactor services | -31.6 | -39.8 | -36.0 | -44.0 | |||
| Gross domestic product at market prices | 100.0 | 100.0 | 100.0 | 100.0 | |||
| Gross domestic savings | 1.7 | 2.9 | -10.1 | -2.2 | |||
| Resource gap | -21.1 | -18.8 | -21.5 | -18.5 | |||
Table 4.Sources: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Output of Main Crops, 1992-99
(In thousands of metric tons)
Table 4.
Sources: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Output of Main Crops, 1992-99
(In thousands of metric tons)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | ||
|---|---|---|---|---|---|---|---|---|---|
| Est. | |||||||||
| Rice | 123.8 | 125.9 | 131.0 | 133.3 | 135.5 | 137.8 | 124.0 | 138.7 | |
| Other cereals | 57.1 | 47.8 | 54.8 | 59.1 | 61.7 | 61.8 | 55.6 | 80.3 | |
| Manioc | 15.7 | 16.7 | 16.3 | 15.5 | 16.4 | 16.7 | 13.7 | 15.6 | |
| Sweet potatoes | 17.4 | 17.8 | 18.3 | 18.8 | 19.7 | 22.5 | 14.6 | 24 | |
| Coconut | 5.1 | 3.5 | 2.8 | 1.2 | 0.8 | 0.8 | 0.6 | 1.0 | |
| Sugarcane | 55.7 | 58.5 | 61.4 | 64.5 | 71.1 | 72.5 | 48.4 | 57.3 | |
| Vegetables | 7.6 | 7.9 | 8.2 | 8.6 | 8.9 | 9.2 | … | … | |
| Fresh fruit | 142.8 | 154.7 | 168.8 | 186.5 | 203.6 | 327.4 | … | … | |
| Of which: cashews | 87.5 | 97.1 | 108.8 | 124.0 | 192.0 | 258.5 | 195.0 | 308.0 | |
| Cashew nuts | 19.4 | 21.7 | 24.8 | 27.8 | 38.6 | 51.7 | 39.0 | 55.0 | |
| Groundnuts | 15.7 | 16.7 | 16.3 | 15.5 | 16.4 | 15.8 | … | … | |
| Cotton | 2.4 | 1.2 | 1.7 | 1.6 | 0.5 | 0.6 | 1.8 | 1.7 | |
Table 4.
Sources: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Output of Main Crops, 1992-99
(In thousands of metric tons)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | ||
|---|---|---|---|---|---|---|---|---|---|
| Est. | |||||||||
| Rice | 123.8 | 125.9 | 131.0 | 133.3 | 135.5 | 137.8 | 124.0 | 138.7 | |
| Other cereals | 57.1 | 47.8 | 54.8 | 59.1 | 61.7 | 61.8 | 55.6 | 80.3 | |
| Manioc | 15.7 | 16.7 | 16.3 | 15.5 | 16.4 | 16.7 | 13.7 | 15.6 | |
| Sweet potatoes | 17.4 | 17.8 | 18.3 | 18.8 | 19.7 | 22.5 | 14.6 | 24 | |
| Coconut | 5.1 | 3.5 | 2.8 | 1.2 | 0.8 | 0.8 | 0.6 | 1.0 | |
| Sugarcane | 55.7 | 58.5 | 61.4 | 64.5 | 71.1 | 72.5 | 48.4 | 57.3 | |
| Vegetables | 7.6 | 7.9 | 8.2 | 8.6 | 8.9 | 9.2 | … | … | |
| Fresh fruit | 142.8 | 154.7 | 168.8 | 186.5 | 203.6 | 327.4 | … | … | |
| Of which: cashews | 87.5 | 97.1 | 108.8 | 124.0 | 192.0 | 258.5 | 195.0 | 308.0 | |
| Cashew nuts | 19.4 | 21.7 | 24.8 | 27.8 | 38.6 | 51.7 | 39.0 | 55.0 | |
| Groundnuts | 15.7 | 16.7 | 16.3 | 15.5 | 16.4 | 15.8 | … | … | |
| Cotton | 2.4 | 1.2 | 1.7 | 1.6 | 0.5 | 0.6 | 1.8 | 1.7 | |
Table 5.Sources: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Stocks, Production, and Uses of Cashew Nuts, 1992-99
(In metric tons)
Table 5.
Sources: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Stocks, Production, and Uses of Cashew Nuts, 1992-99
(In metric tons)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |
|---|---|---|---|---|---|---|---|---|
| Est. | Prel. est. | |||||||
| Stock at beginning of year | 2,887 | 18,383 | 22,863 | 913 | 356 | 15,072 | 8,380 | 13,291 |
| Production | 19,418 | 21,748 | 24,793 | 27,768 | 38,600 | 51,697 | 39,000 | 55,000 |
| Domestic consumption | -272 | -278 | -283 | -288 | -284 | -289 | -289 | -289 |
| Exports | -3,650 | -16,990 | -46,460 | -28,382 | -25,000 | -58,100 | -33,800 | -59,750 |
| Level of stocks | 18,383 | 22,863 | 913 | 11 | 13,672 | 8,380 | 13,291 | 8,252 |
| Change in stocks | 15,495 | 4,480 | -21,950 | -902 | 13,661 | -5,292 | 4,911 | -5,039 |
Table 5.
Sources: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Stocks, Production, and Uses of Cashew Nuts, 1992-99
(In metric tons)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |
|---|---|---|---|---|---|---|---|---|
| Est. | Prel. est. | |||||||
| Stock at beginning of year | 2,887 | 18,383 | 22,863 | 913 | 356 | 15,072 | 8,380 | 13,291 |
| Production | 19,418 | 21,748 | 24,793 | 27,768 | 38,600 | 51,697 | 39,000 | 55,000 |
| Domestic consumption | -272 | -278 | -283 | -288 | -284 | -289 | -289 | -289 |
| Exports | -3,650 | -16,990 | -46,460 | -28,382 | -25,000 | -58,100 | -33,800 | -59,750 |
| Level of stocks | 18,383 | 22,863 | 913 | 11 | 13,672 | 8,380 | 13,291 | 8,252 |
| Change in stocks | 15,495 | 4,480 | -21,950 | -902 | 13,661 | -5,292 | 4,911 | -5,039 |
Table 6.Source: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation.
Guinea-Bissau: Industrial and Artisanal Fishing, 1992-97
(In metric tons)
In millions of U.S. dollars
Table 6.
Source: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation.
Guinea-Bissau: Industrial and Artisanal Fishing, 1992-97
(In metric tons)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | |||
|---|---|---|---|---|---|---|---|---|
| Artisanal fishing (all species) | 14,154 | 16,407 | 17,578 | 18,917 | 20,088 | 22,312 | ||
| Industrial fishing by domestic operators | ||||||||
| Fish | 3,274 | 3,393 | 3,546 | 3,723 | 4,070 | 4,272 | ||
| Shrimp | 315 | 406 | 410 | 450 | 480 | 505 | ||
| Other crustaceans | 60 | 69 | 71 | 76 | 81 | 85 | ||
| Fish and shrimp exports | 2.6 | 0.9 | 0.7 | 0.3 | 0.2 | … | ||
| Revenue from fishing licenses 1/ | 13.5 | 16.8 | 11.7 | 11.3 | 13.7 | 15.4 | ||
| Memorandum items: | ||||||||
| Number of fishing licenses | 323 | 242 | 141 | 169 | … | … | ||
| Number of authorized boats | 213 | 162 | 120 | 108 | … | … | ||
In millions of U.S. dollars
Table 6.
Source: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation.
Guinea-Bissau: Industrial and Artisanal Fishing, 1992-97
(In metric tons)
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | |||
|---|---|---|---|---|---|---|---|---|
| Artisanal fishing (all species) | 14,154 | 16,407 | 17,578 | 18,917 | 20,088 | 22,312 | ||
| Industrial fishing by domestic operators | ||||||||
| Fish | 3,274 | 3,393 | 3,546 | 3,723 | 4,070 | 4,272 | ||
| Shrimp | 315 | 406 | 410 | 450 | 480 | 505 | ||
| Other crustaceans | 60 | 69 | 71 | 76 | 81 | 85 | ||
| Fish and shrimp exports | 2.6 | 0.9 | 0.7 | 0.3 | 0.2 | … | ||
| Revenue from fishing licenses 1/ | 13.5 | 16.8 | 11.7 | 11.3 | 13.7 | 15.4 | ||
| Memorandum items: | ||||||||
| Number of fishing licenses | 323 | 242 | 141 | 169 | … | … | ||
| Number of authorized boats | 213 | 162 | 120 | 108 | … | … | ||
In millions of U.S. dollars
Table 7.Source: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation.
Guinea-Bissau: Manufacturing Production in Major Industries, 1992-97
Table 7.
Source: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation.
Guinea-Bissau: Manufacturing Production in Major Industries, 1992-97
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | ||
|---|---|---|---|---|---|---|---|
| (In thousands of metric tons) | |||||||
| Food industries | |||||||
| Hulled rice | 68.1 | 68.4 | 69.6 | 72.4 | 73.6 | 79.6 | |
| Peanuts processing | 7.7 | 8.2 | 8.7 | 8.5 | 8.1 | 8.2 | |
| Bakery products | 6.9 | 7.1 | 7.3 | 7.6 | 7.8 | … | |
| Frozen fish | 1.0 | 1.1 | 1.2 | 1.1 | 1.2 | 2.5 | |
| Dry and smoked fish | 1.7 | 2.0 | 2.1 | 2.0 | 3.7 | 6.6 | |
| (In millions of liters) | |||||||
| Vegetable oils | 5.2 | 5.3 | 6.2 | 6.0 | 4.3 | 4.1 | |
| Beverages | 2.0 | 2.0 | 1.7 | 2.7 | 2.8 | … | |
| Distilled liquor | 1.0 | 1.1 | 1.2 | 1.2 | 1.3 | 1.3 | |
| Dairy products | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | … | |
| Nonfood industries | (In thousands of metric tons) | ||||||
| Wood processing | 5.5 | 4.7 | 4.9 | 6.0 | 18.2 | 21.4 | |
| Wood products | 5.1 | 4.3 | 4.4 | 4.2 | 7.9 | 7.0 | |
| Soap | 2.7 | 2.7 | 2.8 | 2.8 | 2.9 | 3.0 | |
Table 7.
Source: National Institute of Statistics and Census (INEC), Ministry of Planning and International Cooperation.
Guinea-Bissau: Manufacturing Production in Major Industries, 1992-97
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | ||
|---|---|---|---|---|---|---|---|
| (In thousands of metric tons) | |||||||
| Food industries | |||||||
| Hulled rice | 68.1 | 68.4 | 69.6 | 72.4 | 73.6 | 79.6 | |
| Peanuts processing | 7.7 | 8.2 | 8.7 | 8.5 | 8.1 | 8.2 | |
| Bakery products | 6.9 | 7.1 | 7.3 | 7.6 | 7.8 | … | |
| Frozen fish | 1.0 | 1.1 | 1.2 | 1.1 | 1.2 | 2.5 | |
| Dry and smoked fish | 1.7 | 2.0 | 2.1 | 2.0 | 3.7 | 6.6 | |
| (In millions of liters) | |||||||
| Vegetable oils | 5.2 | 5.3 | 6.2 | 6.0 | 4.3 | 4.1 | |
| Beverages | 2.0 | 2.0 | 1.7 | 2.7 | 2.8 | … | |
| Distilled liquor | 1.0 | 1.1 | 1.2 | 1.2 | 1.3 | 1.3 | |
| Dairy products | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | … | |
| Nonfood industries | (In thousands of metric tons) | ||||||
| Wood processing | 5.5 | 4.7 | 4.9 | 6.0 | 18.2 | 21.4 | |
| Wood products | 5.1 | 4.3 | 4.4 | 4.2 | 7.9 | 7.0 | |
| Soap | 2.7 | 2.7 | 2.8 | 2.8 | 2.9 | 3.0 | |
Table 8.Sources: National Institute of Statistics and Census (INEC); Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Electricity and Water Production, 1992-99
Table 8.
Sources: National Institute of Statistics and Census (INEC); Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Electricity and Water Production, 1992-99
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | ||
|---|---|---|---|---|---|---|---|---|---|
| Est. | Est. | ||||||||
| (In megakilowatts) | |||||||||
| Electricity production | 44,029 | 44,024 | 44,924 | 46,302 | 47,623 | 48,157 | 29,720 | 27,506 | |
| Of which: Bissau | 37,704 | 37,553 | 38,304 | 39,530 | 40,715 | 42,344 | … | … | |
| Electricity consumption | … | … | … | … | 17,699 | 18,107 | 10,996 | 10,177 | |
| (In millions of cubic meters) | |||||||||
| Water production | 5,437 | 5,730 | 6,042 | 6,371 | 6,661 | 7,127 | 4,249 | 1,401 | |
| Of which: Bissau | 4,552 | 4,825 | 5,116 | 5,423 | 5,694 | 6,036 | … | … | |
| Water consumption | … | … | … | … | 202 | 179 | 116 | 42 | |
Table 8.
Sources: National Institute of Statistics and Census (INEC); Ministry of Planning and International Cooperation; and staff estimates.
Guinea-Bissau: Electricity and Water Production, 1992-99
| 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | ||
|---|---|---|---|---|---|---|---|---|---|
| Est. | Est. | ||||||||
| (In megakilowatts) | |||||||||
| Electricity production | 44,029 | 44,024 | 44,924 | 46,302 | 47,623 | 48,157 | 29,720 | 27,506 | |
| Of which: Bissau | 37,704 | 37,553 | 38,304 | 39,530 | 40,715 | 42,344 | … | … | |
| Electricity consumption | … | … | … | … | 17,699 | 18,107 | 10,996 | 10,177 | |
| (In millions of cubic meters) | |||||||||
| Water production | 5,437 | 5,730 | 6,042 | 6,371 | 6,661 | 7,127 | 4,249 | 1,401 | |
| Of which: Bissau | 4,552 | 4,825 | 5,116 | 5,423 | 5,694 | 6,036 | … | … | |
| Water consumption | … | … | … | … | 202 | 179 | 116 | 42 | |
Table 9a.Sources: Central Bank of West African States (BCEAO)-Bissau; National Institute of Statistics and Census (INEC); and staff estimates.
Guinea-Bissau: Consumer Prices, 1991-2000
Table 9a.
Sources: Central Bank of West African States (BCEAO)-Bissau; National Institute of Statistics and Census (INEC); and staff estimates.
Guinea-Bissau: Consumer Prices, 1991-2000
| 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumer price index (1986 = 100) | ||||||||||||
| January | 1,245.9 | 2,222.7 | 3,629.3 | 4,441.6 | 5,540.3 | 8,470.7 | 14,022.0 | 16,321.3 | 17,896.4 | 16,304.6 | ||
| February | 1,234.9 | 2,352.8 | 3,680.4 | 4,642.7 | 5,966.3 | 8,775.4 | 14,478.3 | 16,207.5 | 18,090.6 | 16,678.9 | ||
| March | 1,272.1 | 2,344.4 | 3,940.2 | 4,635.2 | 6,141.6 | 8,946.8 | 14,222.5 | 16,130.5 | 18,039.5 | 17,499.3 | ||
| April | 1,337.1 | 2,381.5 | 3,932.5 | 4,591.7 | 6,134.3 | 9,235.9 | 14,693.3 | 16,005.6 | 18,387.8 | 19,183.2 | ||
| May | 1,370.1 | 2,472.5 | 4,211.2 | 4,838.5 | 6,505.5 | 9,758.8 | 15,696.5 | 16,858.5 | 16,303.9 | 19,346.5 | ||
| June | 1,601.5 | 2,538.6 | 4,326.9 | 4,798.3 | 7,125.8 | 10,136.8 | 16,601.7 | 17,056.9 | 16,542.2 | 19,431.4 | ||
| July | 2,081.0 | 2,749.4 | 4,173.2 | 4,682.9 | 7,336.3 | 10,812.9 | 17,112.3 | 17,411.5 | 16,854.0 | … | ||
| August | 2,122.3 | 3,366.9 | 4,690.2 | 4,995.4 | 7,566.5 | 11,212.4 | 17,244.3 | 17,485.2 | 16,521.7 | … | ||
| September | 2,076.2 | 3,557.2 | 4,467.8 | 5,033.5 | 7,774.2 | 12,163.5 | 17,234.2 | 17,777.0 | 16,622.0 | … | ||
| October | 2,044.4 | 3,573.8 | 4,695.7 | 5,149.9 | 8,337.2 | 12,247.3 | 17,275.4 | 19,580.5 | 16,163.2 | … | ||
| November | 2,056.2 | 3,359.7 | 4,707.5 | 5,504.6 | 8,696.6 | 13,428.8 | 17,571.3 | 19,455.9 | 15,901.3 | … | ||
| December | 1,906.3 | 3,559.0 | 4,651.6 | 5,548.3 | 8,304.1 | 13,750.7 | 16,052.2 | 17,316.9 | 15,941.2 | … | ||
| Average | 1,695.7 | 2,873.2 | 4,258.9 | 4,905.2 | 7,119.1 | 10,745.0 | 16,017.0 | 17,300.6 | 16,938.6 | … | ||
| Percentage change | 69.4 | 48.2 | 15.2 | 45.1 | 50.9 | 49.1 | 8.0 | -2.1 | … | |||
| Consumer price index (1995 = 100) | ||||||||||||
| January | 17.5 | 31.2 | 51.0 | 62.4 | 77.8 | 119.0 | 197.0 | 229.3 | 251.4 | 229.0 | ||
| February | 17.3 | 33.0 | 51.7 | 65.2 | 83.8 | 123.3 | 203.4 | 227.7 | 254.1 | 234.3 | ||
| March | 17.9 | 32.9 | 55.3 | 65.1 | 86.3 | 125.7 | 199.8 | 226.6 | 253.4 | 245.8 | ||
| April | 18.8 | 33.5 | 55.2 | 64.5 | 86.2 | 129.7 | 206.4 | 224.8 | 258.3 | 269.5 | ||
| May | 19.2 | 34.7 | 59.2 | 68.0 | 91.4 | 137.1 | 220.5 | 236.8 | 229.0 | 271.8 | ||
| June | 22.5 | 35.7 | 60.8 | 67.4 | 100.1 | 142.4 | 233.2 | 239.6 | 232.4 | 272.9 | ||
| July | 29.2 | 38.6 | 58.6 | 65.8 | 103.1 | 151.9 | 240.4 | 244.6 | 236.7 | … | ||
| August | 29.8 | 47.3 | 65.9 | 70.2 | 106.3 | 157.5 | 242.2 | 245.6 | 232.1 | … | ||
| September | 29.2 | 50.0 | 62.8 | 70.7 | 109.2 | 170.9 | 242.1 | 249.7 | 233.3 | … | ||
| October | 28.7 | 50.2 | 66.0 | 72.3 | 117.1 | 172.0 | 242.7 | 275.0 | 227.0 | … | ||
| November | 28.9 | 47.2 | 66.1 | 77.3 | 122.2 | 188.6 | 246.8 | 273.3 | 223.4 | … | ||
| December | 26.8 | 50.0 | 65.3 | 77.9 | 116.6 | 193.2 | 225.5 | 243.2 | 223.9 | … | ||
| Average | 23.8 | 40.4 | 59.8 | 68.9 | 100.0 | 150.9 | 225.0 | 243.0 | 237.9 | … | ||
| Monthly inflation rates | ||||||||||||
| January | 4.6 | 16.6 | 2.0 | -4.5 | -0.1 | 2.0 | 2.0 | 1.7 | 3.3 | 2.3 | ||
| February | -0.9 | 5.9 | 1.4 | 4.5 | 7.7 | 3.6 | 3.3 | -0.7 | 1.1 | 2.3 | ||
| March | 3.0 | -0.4 | 7.1 | -0.2 | 2.9 | 2.0 | -1.8 | -0.5 | -0.3 | 4.9 | ||
| April | 5.1 | 1.6 | -0.2 | -0.9 | -0.1 | 3.2 | 3.3 | -0.8 | 1.9 | 9.6 | ||
| May | 2.5 | 3.8 | 7.1 | 5.4 | 6.1 | 5.7 | 6.8 | 5.3 | -11.3 | 0.9 | ||
| June | 16.9 | 2.7 | 2.7 | -0.8 | 9.5 | 3.9 | 5.8 | 1.2 | 1.5 | 0.4 | ||
| July | 29.9 | 8.3 | -3.6 | -2.4 | 3.0 | 6.7 | 3.1 | 2.1 | 1.9 | … | ||
| August | 2.0 | 22.5 | 12.4 | 6.7 | 3.1 | 3.7 | 0.8 | 0.4 | -2.0 | … | ||
| September | -2.2 | 5.7 | -4.7 | 0.8 | 2.7 | 8.5 | -0.1 | 1.7 | 0.6 | … | ||
| October | -1.5 | 0.5 | 5.1 | 2.3 | 7.2 | 0.7 | 0.2 | 10.1 | -2.8 | … | ||
| November | 0.6 | -6.0 | 0.3 | 6.9 | 4.3 | 9.6 | 1.7 | -0.6 | -1.6 | … | ||
| December | -7.3 | 5.9 | -1.2 | 0.8 | -4.5 | 2.4 | -8.6 | -11.0 | 0.3 | … | ||
| Average | 4.4 | 5.6 | 2.4 | 1.5 | 3.5 | 4.3 | 1.4 | 0.7 | -0.6 | … | ||
| Annualized | 67.6 | 91.9 | 32.3 | 20.1 | 50.9 | 66.2 | 17.8 | 9.3 | -7.2 | … | ||
| 12-month inflation rates | ||||||||||||
| January | 38.8 | 78.4 | 63.3 | 22.4 | 24.7 | 52.9 | 65.3 | 16.4 | 9.7 | -8.9 | ||
| February | 26.2 | 90.5 | 56.4 | 26.1 | 28.5 | 47.1 | 65.0 | 11.9 | 11.6 | -7.8 | ||
| March | 35.9 | 84.3 | 68.1 | 17.6 | 32.5 | 45.7 | 59.0 | 13.4 | 11.8 | -3.0 | ||
| April | 37.4 | 78.1 | 65.1 | 16.8 | 33.6 | 50.6 | 59.1 | 8.9 | 14.9 | 4.3 | ||
| May | 36.5 | 80.5 | 70.3 | 14.9 | 34.5 | 50.0 | 60.8 | 7.4 | -3.3 | 18.7 | ||
| June | 51.0 | 58.5 | 70.4 | 10.9 | 48.5 | 42.3 | 63.8 | 2.7 | -3.0 | 17.5 | ||
| July | 77.3 | 32.1 | 51.8 | 12.2 | 56.7 | 47.4 | 58.3 | 1.7 | -3.2 | … | ||
| August | 82.0 | 58.6 | 39.3 | 6.5 | 51.5 | 48.2 | 53.8 | 1.4 | -5.5 | … | ||
| September | 80.5 | 71.3 | 25.6 | 12.7 | 54.4 | 56.5 | 41.7 | 3.1 | -6.5 | … | ||
| October | 66.5 | 74.8 | 31.4 | 9.7 | 61.9 | 46.9 | 41.1 | 13.3 | -17.5 | … | ||
| November | 78.4 | 63.4 | 40.1 | 16.9 | 58.0 | 54.4 | 30.8 | 10.7 | -18.3 | … | ||
| December | 60.1 | 86.7 | 30.7 | 19.3 | 49.7 | 65.6 | 16.7 | 7.9 | -7.9 | … | ||
| End-of-period | 60.1 | 86.7 | 30.7 | 19.3 | 49.7 | 65.6 | 16.7 | 7.9 | -7.9 | … | ||
| Average rates | 0.0 | 69.4 | 48.2 | 15.2 | 45.1 | 50.9 | 49.1 | 8.0 | -2.1 | … | ||
Table 9a.
Sources: Central Bank of West African States (BCEAO)-Bissau; National Institute of Statistics and Census (INEC); and staff estimates.
Guinea-Bissau: Consumer Prices, 1991-2000
| 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumer price index (1986 = 100) | ||||||||||||
| January | 1,245.9 | 2,222.7 | 3,629.3 | 4,441.6 | 5,540.3 | 8,470.7 | 14,022.0 | 16,321.3 | 17,896.4 | 16,304.6 | ||
| February | 1,234.9 | 2,352.8 | 3,680.4 | 4,642.7 | 5,966.3 | 8,775.4 | 14,478.3 | 16,207.5 | 18,090.6 | 16,678.9 | ||
| March | 1,272.1 | 2,344.4 | 3,940.2 | 4,635.2 | 6,141.6 | 8,946.8 | 14,222.5 | 16,130.5 | 18,039.5 | 17,499.3 | ||
| April | 1,337.1 | 2,381.5 | 3,932.5 | 4,591.7 | 6,134.3 | 9,235.9 | 14,693.3 | 16,005.6 | 18,387.8 | 19,183.2 | ||
| May | 1,370.1 | 2,472.5 | 4,211.2 | 4,838.5 | 6,505.5 | 9,758.8 | 15,696.5 | 16,858.5 | 16,303.9 | 19,346.5 | ||
| June | 1,601.5 | 2,538.6 | 4,326.9 | 4,798.3 | 7,125.8 | 10,136.8 | 16,601.7 | 17,056.9 | 16,542.2 | 19,431.4 | ||
| July | 2,081.0 | 2,749.4 | 4,173.2 | 4,682.9 | 7,336.3 | 10,812.9 | 17,112.3 | 17,411.5 | 16,854.0 | … | ||
| August | 2,122.3 | 3,366.9 | 4,690.2 | 4,995.4 | 7,566.5 | 11,212.4 | 17,244.3 | 17,485.2 | 16,521.7 | … | ||
| September | 2,076.2 | 3,557.2 | 4,467.8 | 5,033.5 | 7,774.2 | 12,163.5 | 17,234.2 | 17,777.0 | 16,622.0 | … | ||
| October | 2,044.4 | 3,573.8 | 4,695.7 | 5,149.9 | 8,337.2 | 12,247.3 | 17,275.4 | 19,580.5 | 16,163.2 | … | ||
| November | 2,056.2 | 3,359.7 | 4,707.5 | 5,504.6 | 8,696.6 | 13,428.8 | 17,571.3 | 19,455.9 | 15,901.3 | … | ||
| December | 1,906.3 | 3,559.0 | 4,651.6 | 5,548.3 | 8,304.1 | 13,750.7 | 16,052.2 | 17,316.9 | 15,941.2 | … | ||
| Average | 1,695.7 | 2,873.2 | 4,258.9 | 4,905.2 | 7,119.1 | 10,745.0 | 16,017.0 | 17,300.6 | 16,938.6 | … | ||
| Percentage change | 69.4 | 48.2 | 15.2 | 45.1 | 50.9 | 49.1 | 8.0 | -2.1 | … | |||
| Consumer price index (1995 = 100) | ||||||||||||
| January | 17.5 | 31.2 | 51.0 | 62.4 | 77.8 | 119.0 | 197.0 | 229.3 | 251.4 | 229.0 | ||
| February | 17.3 | 33.0 | 51.7 | 65.2 | 83.8 | 123.3 | 203.4 | 227.7 | 254.1 | 234.3 | ||
| March | 17.9 | 32.9 | 55.3 | 65.1 | 86.3 | 125.7 | 199.8 | 226.6 | 253.4 | 245.8 | ||
| April | 18.8 | 33.5 | 55.2 | 64.5 | 86.2 | 129.7 | 206.4 | 224.8 | 258.3 | 269.5 | ||
| May | 19.2 | 34.7 | 59.2 | 68.0 | 91.4 | 137.1 | 220.5 | 236.8 | 229.0 | 271.8 | ||
| June | 22.5 | 35.7 | 60.8 | 67.4 | 100.1 | 142.4 | 233.2 | 239.6 | 232.4 | 272.9 | ||
| July | 29.2 | 38.6 | 58.6 | 65.8 | 103.1 | 151.9 | 240.4 | 244.6 | 236.7 | … | ||
| August | 29.8 | 47.3 | 65.9 | 70.2 | 106.3 | 157.5 | 242.2 | 245.6 | 232.1 | … | ||
| September | 29.2 | 50.0 | 62.8 | 70.7 | 109.2 | 170.9 | 242.1 | 249.7 | 233.3 | … | ||
| October | 28.7 | 50.2 | 66.0 | 72.3 | 117.1 | 172.0 | 242.7 | 275.0 | 227.0 | … | ||
| November | 28.9 | 47.2 | 66.1 | 77.3 | 122.2 | 188.6 | 246.8 | 273.3 | 223.4 | … | ||
| December | 26.8 | 50.0 | 65.3 | 77.9 | 116.6 | 193.2 | 225.5 | 243.2 | 223.9 | … | ||
| Average | 23.8 | 40.4 | 59.8 | 68.9 | 100.0 | 150.9 | 225.0 | 243.0 | 237.9 | … | ||
| Monthly inflation rates | ||||||||||||
| January | 4.6 | 16.6 | 2.0 | -4.5 | -0.1 | 2.0 | 2.0 | 1.7 | 3.3 | 2.3 | ||
| February | -0.9 | 5.9 | 1.4 | 4.5 | 7.7 | 3.6 | 3.3 | -0.7 | 1.1 | 2.3 | ||
| March | 3.0 | -0.4 | 7.1 | -0.2 | 2.9 | 2.0 | -1.8 | -0.5 | -0.3 | 4.9 | ||
| April | 5.1 | 1.6 | -0.2 | -0.9 | -0.1 | 3.2 | 3.3 | -0.8 | 1.9 | 9.6 | ||
| May | 2.5 | 3.8 | 7.1 | 5.4 | 6.1 | 5.7 | 6.8 | 5.3 | -11.3 | 0.9 | ||
| June | 16.9 | 2.7 | 2.7 | -0.8 | 9.5 | 3.9 | 5.8 | 1.2 | 1.5 | 0.4 | ||
| July | 29.9 | 8.3 | -3.6 | -2.4 | 3.0 | 6.7 | 3.1 | 2.1 | 1.9 | … | ||
| August | 2.0 | 22.5 | 12.4 | 6.7 | 3.1 | 3.7 | 0.8 | 0.4 | -2.0 | … | ||
| September | -2.2 | 5.7 | -4.7 | 0.8 | 2.7 | 8.5 | -0.1 | 1.7 | 0.6 | … | ||
| October | -1.5 | 0.5 | 5.1 | 2.3 | 7.2 | 0.7 | 0.2 | 10.1 | -2.8 | … | ||
| November | 0.6 | -6.0 | 0.3 | 6.9 | 4.3 | 9.6 | 1.7 | -0.6 | -1.6 | … | ||
| December | -7.3 | 5.9 | -1.2 | 0.8 | -4.5 | 2.4 | -8.6 | -11.0 | 0.3 | … | ||
| Average | 4.4 | 5.6 | 2.4 | 1.5 | 3.5 | 4.3 | 1.4 | 0.7 | -0.6 | … | ||
| Annualized | 67.6 | 91.9 | 32.3 | 20.1 | 50.9 | 66.2 | 17.8 | 9.3 | -7.2 | … | ||
| 12-month inflation rates | ||||||||||||
| January | 38.8 | 78.4 | 63.3 | 22.4 | 24.7 | 52.9 | 65.3 | 16.4 | 9.7 | -8.9 | ||
| February | 26.2 | 90.5 | 56.4 | 26.1 | 28.5 | 47.1 | 65.0 | 11.9 | 11.6 | -7.8 | ||
| March | 35.9 | 84.3 | 68.1 | 17.6 | 32.5 | 45.7 | 59.0 | 13.4 | 11.8 | -3.0 | ||
| April | 37.4 | 78.1 | 65.1 | 16.8 | 33.6 | 50.6 | 59.1 | 8.9 | 14.9 | 4.3 | ||
| May | 36.5 | 80.5 | 70.3 | 14.9 | 34.5 | 50.0 | 60.8 | 7.4 | -3.3 | 18.7 | ||
| June | 51.0 | 58.5 | 70.4 | 10.9 | 48.5 | 42.3 | 63.8 | 2.7 | -3.0 | 17.5 | ||
| July | 77.3 | 32.1 | 51.8 | 12.2 | 56.7 | 47.4 | 58.3 | 1.7 | -3.2 | … | ||
| August | 82.0 | 58.6 | 39.3 | 6.5 | 51.5 | 48.2 | 53.8 | 1.4 | -5.5 | … | ||
| September | 80.5 | 71.3 | 25.6 | 12.7 | 54.4 | 56.5 | 41.7 | 3.1 | -6.5 | … | ||
| October | 66.5 | 74.8 | 31.4 | 9.7 | 61.9 | 46.9 | 41.1 | 13.3 | -17.5 | … | ||
| November | 78.4 | 63.4 | 40.1 | 16.9 | 58.0 | 54.4 | 30.8 | 10.7 | -18.3 | … | ||
| December | 60.1 | 86.7 | 30.7 | 19.3 | 49.7 | 65.6 | 16.7 | 7.9 | -7.9 | … | ||
| End-of-period | 60.1 | 86.7 | 30.7 | 19.3 | 49.7 | 65.6 | 16.7 | 7.9 | -7.9 | … | ||
| Average rates | 0.0 | 69.4 | 48.2 | 15.2 | 45.1 | 50.9 | 49.1 | 8.0 | -2.1 | … | ||
Measuring Consumer Prices in Guinea-Bissau
Between December 1999 and April 2000, the consumer price index in Guinea-Bissau rose by an accumulated 20 percent (see Table 9a)—despite its being member of a monetary zone that aims at achieving inflation rates consistent with those prevailing in the euro zone. Given the rapid growth rates of broad money observed during early 2000 (see Table 17), this development naturally raises a question concerning the degree to which the large price increases reflect not only lax monetary policies but also measurement problems that lead to an overstatement of consumer price inflation.
There are several indications that statistical deficiencies play a large role in explaining the high rates of consumer price inflation. Guinea-Bissau’s price index is based solely on goods sold within the capital city, which represents about one-fourth of the country’s population. Moreover, die underlying basket consists only of a very restricted number of items. About 83 percent of the consumer price changes stem from products such as rice, meat, and fish; 6 percent from beverages; and 11 percent from cigarettes. By contrast, in all other countries within the Western African Economic and Monetary Union (WAEMU), the weight of food does not exceed one-half of the entire basket.
The items that explain the largest amount of the increase in consumer prices in Guinea-Bissau between December 1999 and April 2000 are beef (+42.9 percent) and Tainha fish (+22.3 percent). The latter product’s price increase reflects the effects of energy bottlenecks, which prevented the fishing fleets from producing enough ice to allow for larger catches. This was also true for beef. In addition, price increases were recorded for tomatoes, lemons, and cement, while prices for gombo, groundnut, beer, and juices fell. Preliminary calculations using an enlarged consumer price index—more closely resembling the ones of other WAEMU countries—seem to indicate that the current definition possibly has overestimated consumer price inflation during the first first few months of 2000 (see Table 9b).
WAEMU: Weights of Official Consumer Price Indices
WAEMU: Weights of Official Consumer Price Indices
| Sectors | Benin | Burkina Faso | Côte d’Ivoire | Mali | Niger | Senegal | Togo | Guinea-Bissau | Union average | |
|---|---|---|---|---|---|---|---|---|---|---|
| Food and tobacco | 39.1 | 33.9 | 32.2 | 50.0 | 45.1 | 41.5 | 38.0 | 100.0 | 37.9 | |
| Clothes | 6.9 | 6.4 | 7.4 | 5.3 | 5.8 | 10.8 | 6.0 | 0.0 | 7.7 | |
| Housing | 9.5 | 10.5 | 13.9 | 11.7 | 13.9 | 16.9 | 12.4 | 0.0 | 13.7 | |
| Furniture | 5.9 | 6.7 | 5.7 | 7.0 | 7.7 | 7.2 | 5.6 | 0.0 | 6.4 | |
| Health | 4.3 | 4.2 | 4.6 | 2.0 | 1.7 | 1.9 | 4.0 | 0.0 | 3.5 | |
| Transport | 10.1 | 15.6 | 9.6 | 10.9 | 12.1 | 8.3 | 8.5 | 0.0 | 10.0 | |
| Entertainment | 3.3 | 3.9 | 4.2 | 3.9 | 2.2 | 2.8 | 2.2 | 0.0 | 3.5 | |
| Education | 2.5 | 3.4 | 3.0 | 1.7 | 1.6 | 1.7 | 2.8 | 0.0 | 2.4 | |
| Hotels | 9.8 | 10.0 | 12.3 | 2.0 | 4.8 | 2.6 | 12.9 | 0.0 | 8.3 | |
| Other goods | 8.6 | 5.5 | 7.1 | 5.5 | 5.3 | 6.4 | 7.6 | 0.0 | 6.7 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
WAEMU: Weights of Official Consumer Price Indices
| Sectors | Benin | Burkina Faso | Côte d’Ivoire | Mali | Niger | Senegal | Togo | Guinea-Bissau | Union average | |
|---|---|---|---|---|---|---|---|---|---|---|
| Food and tobacco | 39.1 | 33.9 | 32.2 | 50.0 | 45.1 | 41.5 | 38.0 | 100.0 | 37.9 | |
| Clothes | 6.9 | 6.4 | 7.4 | 5.3 | 5.8 | 10.8 | 6.0 | 0.0 | 7.7 | |
| Housing | 9.5 | 10.5 | 13.9 | 11.7 | 13.9 | 16.9 | 12.4 | 0.0 | 13.7 | |
| Furniture | 5.9 | 6.7 | 5.7 | 7.0 | 7.7 | 7.2 | 5.6 | 0.0 | 6.4 | |
| Health | 4.3 | 4.2 | 4.6 | 2.0 | 1.7 | 1.9 | 4.0 | 0.0 | 3.5 | |
| Transport | 10.1 | 15.6 | 9.6 | 10.9 | 12.1 | 8.3 | 8.5 | 0.0 | 10.0 | |
| Entertainment | 3.3 | 3.9 | 4.2 | 3.9 | 2.2 | 2.8 | 2.2 | 0.0 | 3.5 | |
| Education | 2.5 | 3.4 | 3.0 | 1.7 | 1.6 | 1.7 | 2.8 | 0.0 | 2.4 | |
| Hotels | 9.8 | 10.0 | 12.3 | 2.0 | 4.8 | 2.6 | 12.9 | 0.0 | 8.3 | |
| Other goods | 8.6 | 5.5 | 7.1 | 5.5 | 5.3 | 6.4 | 7.6 | 0.0 | 6.7 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
Table 9b.Sources: National Institute of Statistics and Census (INEC); BCEAO-Bissau; and staff estimates.
Guinea-Bissau: Alternative Consumer Price Index, December 1999 to June 2000
Table 9b.
Sources: National Institute of Statistics and Census (INEC); BCEAO-Bissau; and staff estimates.
Guinea-Bissau: Alternative Consumer Price Index, December 1999 to June 2000
| 1999 | 2000 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weights | Dec. | Jan. | Feb. | Mar. | Apr. | May | Jun. | |||||
| Index | ||||||||||||
| Food | 58.10 | 100.0 | 101.0 | 103.3 | 102.1 | 106.0 | 114.5 | 110.7 | ||||
| Rice, kg. | 14.50 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Bread, kg. | 2.00 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Couscous, kg. | 1.00 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Meat | 14.50 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 121.0 | 121.0 | ||||
| Beef, kg. | 4.83 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 142.9 | 142.9 | ||||
| Goat, kg. | 4.83 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 120.0 | 120.0 | ||||
| Chicken, per unit | 4.83 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Fish | 14.50 | 100.0 | 103.2 | 104.8 | 101.6 | 109.6 | 109.6 | 111.1 | ||||
| Tainha, kg. | 7.25 | 100.0 | 106.4 | 109.6 | 103.2 | 119.1 | 119.1 | 122.3 | ||||
| Barbo, Curvina, Becuda, Bica, kg. | 7.25 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Vegetable oils | 1.00 | 100.0 | 99.6 | 99.2 | 102.1 | 101.4 | 105.2 | 98.7 | ||||
| Groundnut oil, liter | 0.50 | 100.0 | 99.2 | 98.4 | 96.8 | 96.8 | 95.2 | 95.2 | ||||
| Palm oil, liter | 0.50 | 100.0 | 100.0 | 100.0 | 107.4 | 105.9 | 115.2 | 102.2 | ||||
| Fresh fruits and vegetables | 10.00 | 100.0 | 101.4 | 112.2 | 109.5 | 121.0 | 139.2 | 115.5 | ||||
| Tomatoes, kg. | 1.67 | 100.0 | 86.0 | 70.6 | 78.7 | 83.7 | 157.0 | 130.8 | ||||
| Onions, kg. | 1.67 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Gombo, kg. | 1.67 | 100.0 | 91.6 | 121.4 | 111.8 | 105.5 | 102.2 | 70.6 | ||||
| Lemon, kg. | 1.67 | 100.0 | 131.0 | 181.0 | 166.7 | 236.9 | 276.2 | 191.7 | ||||
| Manioc, kg. | 1.67 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Potatoes, kg. | 1.67 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Spices, herbes, etc. | 0.60 | 100.0 | 100.6 | 101.1 | 100.0 | 101.7 | 104.6 | 100.0 | ||||
| Powder sugar, kg. | 0.20 | 100.0 | 101.7 | 103.4 | 100.0 | 105.2 | 113.8 | 100.0 | ||||
| Salt, kg. | 0.20 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Caneca | 0.20 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Beverages | 4.27 | 100.0 | 95.8 | 92.1 | 95.8 | 95.8 | 90.3 | 90.3 | ||||
| Beer, tin | 2.14 | 100.0 | 91.7 | 91.7 | 91.7 | 91.7 | 91.7 | 91.7 | ||||
| Juice, liter | 2.14 | 100.0 | 100.0 | 92.6 | 100.0 | 100.0 | 88.9 | 88.9 | ||||
| Cigarettes | 7.63 | 100.0 | 100.0 | 100.0 | 101.2 | 101.2 | 108.9 | 108.9 | ||||
| Marlboro, pack | 1.91 | 100.0 | 100.0 | 100.0 | 106.7 | 106.7 | 113.3 | 113.3 | ||||
| Hollywood, pack | 1.91 | 100.0 | 100.0 | 100.0 | 98.1 | 98.1 | 122.2 | 122.2 | ||||
| Congress, pack | 1.91 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Lucky Strike, pack | 1.91 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Matches, pack | 0.05 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Cement, pack | 9.95 | 100.0 | 100.0 | 100.4 | 96.6 | 94.7 | 135.8 | 120.8 | ||||
| Petrol | 10.00 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Regular, liter | 5.00 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Diesel, liter | 5.00 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Transport (in Bissau) | 10.00 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Total | 100.00 | 100.0 | 100.4 | 101.6 | 100.8 | 102.9 | 112.3 | 108.5 | ||||
| Official CPI | 100.0 | 106.3 | 102.3 | 104.6 | 109.8 | 120.3 | 121.4 | |||||
Table 9b.
Guinea-Bissau: Alternative Consumer Price Index, December 1999 to June 2000
| 1999 | 2000 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weights | Dec. | Jan. | Feb. | Mar. | Apr. | May | Jun. | |||||
| Index | ||||||||||||
| Food | 58.10 | 100.0 | 101.0 | |||||||||