costs, the development of petroleum, phosphate, and other mineral
resources was not a near-term prospect.

GDP: purchasing power parity--$1.2 billion (1998 est.)

GDP--real growth rate: 3.5% (1998 est.)

GDP--per capita: purchasing power parity?$1,000 (1998 est.)

GDP--composition by sector:
agriculture: 54%
industry: 11%
services: 35% (1996 est.)

Population below poverty line: 48.8% (1991 est.)

Household income or consumption by percentage share:
lowest 10%: 0.5%
highest 10%: 42.4% (1991)

Inflation rate (consumer prices): 25.6% (1997)

Labor force: 480,000

Unemployment rate: NA%

Budget: $NA

Industries: agricultural products processing, beer, soft drinks

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

Electricity--production: 40 million kWh (1996)

Electricity--production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1996)

Electricity--consumption: 40 million kWh (1996)

Electricity--exports: 0 kWh (1996)

Electricity--imports: 0 kWh (1996)

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

Exports: $25.8 million (f.o.b., 1996 est.)

Exports--commodities: cashews 95%, fish, peanuts, palm kernels,
sawn lumber (1994)

Exports--partners: Spain 35%, India 30%, Thailand 10%, Italy 10%
(1995)

Imports: $63 million (f.o.b., 1996 est.)

Imports--commodities: foodstuffs, transport equipment, petroleum
products, machinery and equipment (1994)

Imports--partners: Portugal 29.2%, Thailand 8.4%, Netherlands
8.4%, US 7.5% (1996)

Debt--external: $953 million (1996 est.)

Economic aid--recipient: $115.4 million (1995)

Currency: 1 Communaute Financiere Africaine franc (CFAF) = 100
centimes; note--on 1 May 1997, Guinea-Bissau adopted as its currency
the CFA franc following its membership into the BCEAO

Exchange rates: Communaute Financiere Africaine francs (CFAF) per
US$1--566.65 (January 1999), 589.95 (1998), 583.67 (1997);
Guinea-Bissauan pesos (PG) per US$1-- 26,373 (1996), 18,073 (1995),
12,892 (1994)
note: as of 2 May 1997, Guinea-Bissau has adopted the CFA franc as
the national currency following its membership in BCEAO

Fiscal year: calendar year

Communications

Telephones: 13,120 (1997 est.)

Telephone system: small system
domestic: combination of microwave radio relay, open-wire lines,
radiotelephone, and cellular communi