Editing Economy of Guinea-Bissau (section)

===Macro-economic trend===

Following the April 2012 coup d'État growth plunged to reach -1.5% of GDP. In 2013, the country's GDP grew only by 0.9%. This low growth level during a period of democratic transition is explained by a combination of low administrative efficiency, low investments on account of the political instability and a bad cashew export season.<ref name=":1" /> Key macroeconomic indicators estimated by the [[African Development Bank]] are presented in the chart below:
{| class="wikitable"
!Real GDP growth
!2013
!2014 (estimate)
!2015 (projection)
!2016 (projection)
|-
|Real GDP per capita growth
|0.9
|2.6
|3.9
|3.7
|-
|Real GDP per capita growth
| -1.5
|0.2
|1.6
|1.3
|-
|Budget balance % GDP
| -1.4
| -2.1
| -3.9
| -3.4
|-
|Current account balance % GDP
| -4.1
| -0.5
| -0.8
| -1.2
|}
Intermittent fighting between [[Senegal]]ese-backed government troops and a military junta destroyed much of the country's [[infrastructure]] and caused widespread damage to the economy in 1998; the civil war led to a 28% drop in GDP that year, with partial recovery in 1999.  Agricultural production is estimated to have fallen by 17% during the conflict. Cashew nut output, the main export crop, declined in 1998 by an estimated 30%. World cashew prices dropped by more than 50% in 2000, compounding the economic devastation caused by the conflict.

Before the war, trade reform and price liberalization were the most successful part of the country's [[structural adjustment]] program under IMF sponsorship. The tightening of monetary policy and the development of the private sector had also begun to reinvigorate the economy. Under the government's post-conflict economic and financial program, implemented with IMF and World Bank input, real GDP recovered in 1999 by almost 8%. In December 2000 Guinea-Bissau qualified for almost $800 million in debt-service relief under the first phase of the enhanced [[Heavily Indebted Poor Countries|HIPC]] initiative and is scheduled to submit its Poverty Reduction Strategy Paper in March 2002. Guinea-Bissau will receive the bulk of its assistance under the enhanced HIPC initiative when it satisfies a number of conditions, including implementation of its Poverty Reduction Strategy Paper.

Because of high costs, the development of [[petroleum]], [[phosphate]], and other [[mineral]] resources is not a near-term prospect. The country produces 400,000 barrels/day of petrol.

Mean wages were $0.52 per [[man-hour]] in 2009. In 2019 the minimal monthly wage was around 35000 CFA = US$60.

The following table shows the main economic indicators in 1980–2017.<ref>{{cite web|title=Report for Selected Countries and Subjects|url=https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?pr.x=49&pr.y=16&sy=1980&ey=2023&scsm=1&ssd=1&sort=country&ds=.&br=1&c=654&s=NGDP_RPCH,PPPGDP,PPPPC,PCPIPCH,GGXWDG_NGDP&grp=0&a=|access-date=2018-09-09|language=en-US}}</ref>
{| class="wikitable" style="text-align:center; vertical-align:middle;"
|- style="font-weight:bold;"
! Year
! GDP
(in bil. US$ PPP)
! GDP per capita
(in US$ PPP)
!GDP
(in bil. US$ nominal)
! GDP growth<br />(real)
! Inflation<br />(in Percent)
! Government debt<br />(Percentage of GDP)
|-
| style="font-weight:bold;" | 1980
| 0.44
| 562
|0.29
| 4.9 %
| 65.8 %
| ...
|-
| style="font-weight:bold;" | 1985
| 0.62
| 719
|0.49
| 4.3 %
| 112.7 %
| ...
|-
| style="font-weight:bold;" | 1990
| 0.84
| 872
|0.55
| 4.6 %
| 33.0 %
| ...
|-
| style="font-weight:bold;" | 1995
| 1.14
| 1,066
|0.78
| 4.0 %
| 45.1 %
| ...
|-
| style="font-weight:bold;" | 2000
| 1.37
| 1,150
|0.39
| 9.0 %
| 8.6 %
| 234 %
|-
| style="font-weight:bold;" | 2005
| 1.65
| 1,242
|0.64
| 7.1 %
| 3.4 %
| 222 %
|-
| style="font-weight:bold;" | 2006
| 1.73
| 1,279
|0.64
| 2.0 %
| 2.0 %
| 204 %
|-
| style="font-weight:bold;" | 2007
| 1.84
| 1,327
|0.75
| 3.3 %
| 4.6 %
| 177 %
|-
| style="font-weight:bold;" | 2008
| 1.94
| 1,366
|0.95
| 3.2 %
| 10.4 %
| 163 %
|-
| style="font-weight:bold;" | 2009
| 2.02
| 1,391
|0.89
| 3.4 %
| −1.6 %
| 159 %
|-
| style="font-weight:bold;" | 2010
| 2.14
| 1,461
|0.94
| 4.6 %
| 1.0 %
| 68 %
|-
| style="font-weight:bold;" | 2011
| 2.36
| 1,578
|1.16
| 8.0 %
| 5.0 %
| 50 %
|-
| style="font-weight:bold;" | 2012
| 2.36
| 1,546
|1.05
| −1.7 %
| 2.1 %
| 53 %
|-
| style="font-weight:bold;" | 2013
| 2.47
| 1,586
|1.11
| 3.3 %
| 0.8 %
| 54 %
|-
| style="font-weight:bold;" | 2014
| 2.54
| 1,596
|1.14
| 1.0 %
| −1.0 %
| 55 %
|-
| style="font-weight:bold;" | 2015
| 2.73
| 1,675
|1.15
| 6.1 %
| 1.5 %
| 50 %
|-
| style="font-weight:bold;" | 2016
| 2.92
| 1,755
|1.25
| 5.8 %
| 1.5 %
| 49 %
|-
| style="font-weight:bold;" | 2017
| 3.14
| 1,845
|1.47
| 5.5 %
| 1.1 %
| 42 %
|}