Editing Guinea-Bissau (section)

==Economy==
{{Main|Economy of Guinea-Bissau|Mining industry of Guinea-Bissau|Tourism in Guinea-Bissau}}
[[File:Guinea-Bissau Product Exports (2019).svg|upright=1.3|thumb|left|A proportional representation of Guinea-Bissau exports, 2019]]
[[File:Banco Centra Da Guine Bissau.JPG|thumb|left|Seat of the Central Bank of Guinea-Bissau]]
[[File:Posto_Galp_em_S%C3%A3o_Domingos,_Guin%C3%A9_(1).jpg|thumb|left|Petrol station in [[São Domingos (Guinea-Bissau)|São Domingos]]]]

Guinea-Bissau's [[List of countries by GDP (PPP) per capita|GDP per capita]] and [[List of countries by Human Development Index|Human Development Index]] are among the lowest in the world. More than two-thirds of the population lives below the poverty line.<ref>[http://data.worldbank.org/country/guinea-bissau World Bank profile] {{Webarchive|url=https://web.archive.org/web/20121111054424/http://data.worldbank.org/country/guinea-bissau |date=11 November 2012 }}. World Bank.org (31 May 2013). Retrieved 22 June 2013.</ref> The economy depends mainly on agriculture; fish, [[cashew nuts]], and [[Bambara groundnut|ground nuts]] are its major exports.<ref>{{cite web |title=Guinea-Bissau country profile |url=https://www.bbc.com/news/world-africa-13443186 |website=BBC News |access-date=26 January 2021 |date=2 March 2020}}</ref>

A long period of political instability has resulted in depressed economic activity, deteriorating social conditions, and increased macroeconomic imbalances. It takes longer on average to register a new business in Guinea-Bissau (233 days or about 33 weeks) than in any other country in the world except [[Suriname]].<ref>{{cite book|title=Pocket World in Figures|url=https://archive.org/details/pocketworldinfig00burg|url-access=registration|author=The Economist|isbn=978-1861978448|location=London|publisher=Profile Books|year=2007}}</ref>

Guinea-Bissau has started to show some economic advances after a pact of stability was signed by the main political parties of the country, leading to an [[IMF]]-backed structural reform program.<ref>[http://www.imf.org/external/country/gnb/index.htm Guinea-Bissau and the IMF] {{Webarchive|url=https://web.archive.org/web/20121016083143/http://www.imf.org/external/country/GNB/index.htm |date=16 October 2012 }}. Imf.org (13 May 2013). Retrieved 22 June 2013.</ref>

After several years of economic downturn and political instability, in 1997, Guinea-Bissau entered the [[CFA franc]] monetary system, bringing about some internal monetary stability.<ref>[http://www.uemoa.int/Pages/Home.aspx CFA Franc and Guinea-Bissau] {{Webarchive|url=https://web.archive.org/web/20121026015835/http://www.uemoa.int/Pages/Home.aspx |date=26 October 2012 }}. Uemoa.int. Retrieved 22 June 2013.</ref> The [[Guinea-Bissau Civil War|civil war]] from 1998 to 1999, and [[2003 Guinea-Bissau coup d'état|a military coup]] in September 2003, again disrupted economic activity, leaving a substantial part of the economic and social infrastructure in ruins and intensifying the already widespread poverty. Following the parliamentary elections in March 2004 and presidential elections in July 2005, the country is trying to recover from the long period of instability, despite a still-fragile political situation.<ref>{{cite encyclopedia |title=Guinea-Bissau |encyclopedia=Encyclopædia Britannica |year=2020 |publisher=Encyclopædia Britannica, inc. |url=https://www.britannica.com/place/Guinea-Bissau}}</ref>

Beginning around 2005, drug traffickers based in Latin America began to use Guinea-Bissau, along with several neighbouring West African nations, as a transshipment point to Europe for [[cocaine]].<ref>[http://www.time.com/time/photogallery/0,29307,1933291,00.html Guinea-Bissau:A narco-state?] {{Webarchive|url=https://web.archive.org/web/20121029230410/http://www.time.com/time/photogallery/0,29307,1933291,00.html |date=29 October 2012 }}. ''Time''. (29 October 2009). Retrieved 22 June 2013.</ref> The nation was described by a United Nations official as being at risk for becoming a "[[narco-state]]".<ref>{{cite news | title=Route of Evil: How a tiny West African nation became a key smuggling hub for Colombian cocaine, and the price it is paying | url=https://www.washingtonpost.com/wp-dyn/content/article/2008/05/24/AR2008052401676.html | newspaper=The Washington Post | last=Sullivan | first=Kevin | date=25 May 2008 | access-date=27 August 2017 | archive-url=https://web.archive.org/web/20170525120229/http://www.washingtonpost.com/wp-dyn/content/article/2008/05/24/AR2008052401676.html | archive-date=25 May 2017 | url-status=live | df=dmy-all }}</ref> The government and the military have done little to stop drug trafficking, which increased after the [[2012 Guinea-Bissau coup d'état|2012 coup d'état]].<ref>{{cite news | title=Guinea-Bissau drug trade 'rises since coup' | publisher=BBC News | date=31 July 2012 | url=https://www.bbc.co.uk/news/world-africa-19060861 | access-date=5 October 2012 | location=London | archive-url=https://web.archive.org/web/20121027005635/http://www.bbc.co.uk/news/world-africa-19060861 | archive-date=27 October 2012 | url-status=live | df=dmy-all }}</ref>
The government of Guinea-Bissau continues to be ravaged by illegal drug distribution, according to ''[[The Economist]]''.<ref>{{cite magazine|url=https://www.economist.com/middle-east-and-africa/2019/11/02/guinea-bissau-africas-most-famous-narco-state-goes-to-the-polls|title=Guinea-Bissau, Africa's most famous narco-state, goes to the polls|magazine=The Economist|date=2 November 2019|url-access=subscription|url-status=live|archive-url=https://web.archive.org/web/20191101153503/https://www.economist.com/middle-east-and-africa/2019/11/02/guinea-bissau-africas-most-famous-narco-state-goes-to-the-polls|archive-date=1 November 2019}}</ref>
Guinea-Bissau is a member of the Organization for the Harmonisation of Business Law in Africa ([[OHADA]]).<ref>{{cite web|title=The business law portal in Africa|language=fr|url=http://www.ohada.com/index.php|website=[[OHADA]].com|publisher=Paul Bayzelon|access-date=10 January 2018|archive-url=https://web.archive.org/web/20090326033744/http://www.ohada.com/index.php|archive-date=26 March 2009|url-status=dead}}</ref>