Guinea Bissau GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Guinea Bissau contracted 1.50 percent in 2012 from the previous year. From 1971 until 2012, Guinea Bissau GDP Annual Growth Rate averaged 2.4 percent reaching an all time high of 18.2 percent in December of 1981 and a record low of -28.1 percent in December of 1998. Guinea Bissau is one of the poorest countries in the world. The export of cashew nuts, which account for over 90 percent of total exports, is the backbone of the country’s economy. The major obstacle to the country’s growth is the unstable social environment caused by successive military coups and the traffic of narcotics. After the death of the president in January of 2012, the military seized power and suspended democracy. As a result, the Economic Community of Central Africa threatened sanctions that can hamper the country’s future. This page provides - Guinea Bissau GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.50 5.30 18.17 -28.10 0.92 | 2013/12 1971 - 2012 percent Yearly

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Guinea Bissau GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 0.89 2012-12-31 0.97 0.97 0.08 0.90 2014-06-30 USD Billion [+]
GDP Annual Growth Rate -1.50 2012-12-31 5.30 18.17 -28.10 0.92 2013-12-31 percent [+]
GDP per capita 423.38 2012-12-31 440.24 589.77 380.45 413.08 2014-06-30 USD [+]
GDP per capita PPP 1027.70 2012-12-31 1068.62 1431.58 923.50 1002.70 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Guinea Bissau Inflation Rate at -2.10 percent  
The inflation rate in Guinea Bissau was recorded at -2.10 percent in February of 2014. Inflation Rate in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Current Account to GDP at -6.30 Percent  
Guinea Bissau recorded a Current Account deficit of 6.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Balance of Trade at -34.65 CFA Franc Billion  
Guinea Bissau recorded a trade deficit of 34.65 CFA Franc Billion in 2010. Balance of Trade in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Interest Rate at 3.50 percent  
The benchmark interest rate in Guinea Bissau was last recorded at 3.50 percent. Interest Rate in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Current Account at -35.05 CFA Franc Billion  
Guinea Bissau recorded a Current Account deficit of 35.05 CFA Franc Billion in 2010. Current Account in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Government Budget at -2.30 Percent of GDP  
Guinea Bissau recorded a Government Budget deficit equal to 2.30 percent of the country's Gross Domestic Product in 2012. Government Budget in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau GDP per capita at 423.38 USD  
The Gross Domestic Product per capita in Guinea Bissau was last recorded at 423.38 US dollars in 2012. The GDP per Capita in Guinea Bissau is equivalent to 3 percent of the worlds average. GDP per capita in Guinea Bissau is reported by the World Bank.
Guinea Bissau GDP per capita PPP at 1027.70 USD  
The Gross Domestic Product per capita in Guinea Bissau was last recorded at 1027.70 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Guinea Bissau, when adjusted by Purchasing Power Parity is equivalent to 5 percent of the worlds average. GDP per capita PPP in Guinea Bissau is reported by the World Bank.
Guinea Bissau Population at 1.66 million  
The total population in Guinea Bissau was last recorded at 1.7 million people in 2012 from 0.6 million in 1960, changing 159 percent during the last 50 years. Population in Guinea Bissau is reported by the World Bank.
Guinea Bissau GDP at 0.89 USD Billion  
The Gross Domestic Product (GDP) in Guinea Bissau was worth 0.89 billion US dollars in 2012. The GDP value of Guinea Bissau represents less than 0.01 percent of the world economy. GDP in Guinea Bissau is reported by the World Bank.
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