Tag Archives: Guinea-Bissau

According to allcountrylist, Guinea-Bissau is a small West African nation located between Guinea and Senegal. It has a population of approximately 1.9 million people and an economy that is largely dependent on agriculture, fishing, and forestry. The country’s economy is dominated by subsistence farming, with over 60% of the population employed in this sector. Agriculture accounts for around 40% of the country’s GDP and is the main source of income for many families. Commonly cultivated crops include millet, sorghum, maize, cassava, sweet potatoes, rice and beans. There are also various livestock activities throughout the country with goats being the most popular animals raised for both meat and dairy products. The fishing industry is also a major contributor to GDP in Guinea-Bissau with exports accounting for around 5% of total exports in recent years. This sector provides employment opportunities to many people as well as providing food security to many households throughout the country. In addition to fishing there is also an important forestry sector which provides timber for export as well as firewood and other resources used locally by communities. The manufacturing sector accounts for around 10% of GDP while providing jobs to thousands of people throughout the country. This sector includes activities such as food processing; textiles; furniture making; construction materials; among others. Despite its importance this sector remains underdeveloped due to lack of capital investment which limits job creation potential overall. Finally, there is a growing services sector which accounts for around 20% of GDP providing jobs through activities such as banking & finance; transportation & logistics; education & training; health & medical services among others. This sector has been growing steadily over recent years thanks to increased foreign investment creating jobs while stimulating economic growth overall. Overall, it can be seen that Guinea-Bissau’s economy remains heavily reliant on agriculture but other sectors are beginning to develop slowly due to increased foreign investment creating job opportunities while stimulating economic growth overall. Agriculture has been a cornerstone of the economy in Guinea-Bissau for centuries. The region was first populated by various ethnic groups who relied on subsistence farming to produce staples such as rice, millet, sorghum, and yams. These crops were mainly produced for domestic consumption and were grown in small plots near villages. In the early 19th century, Guinea-Bissau began to shift its focus away from subsistence farming towards cash crop production. Plantations were established throughout the country to grow crops such as coffee, cocoa, rubber and palm oil for export markets. This shift away from subsistence farming caused many small-scale farmers to move into urban areas or become laborers on larger farms. Today, Guinea-Bissau is still a major producer of cash crops such as coffee and cocoa but has also seen an increase in production of other crops such as cassava, sorghum and maize. In addition to these traditional staples, farmers are increasingly turning towards specialty crops such as fruits and spices for export markets or organic farming practices that reduce environmental impact while still providing nutritious food for their communities. Guinea-Bissau is also home to some of the world’s most famous spices which are produced by small scale farmers across the country. Check topmbadirectory for how to get to Guinea Bissau.