Guinea Bissau is one of the world’s smallest economies (World Bank). This is largely due to political and economic instabilities that have affected the country’s development. Despite these challenges, the economy has shown growth over the years with a gross domestic product growth at the rate of 4.9% (World Bank). According to the Africa Development Bank, Guinea Bissau’s imports grew to 377 million dollars in 2016 while exports were at 244 million dollars, leading to – 153 million dollars in trade revenue (Africa Development Bank). 32% of Guinea Bissau’s export is in gold, followed by crude ...
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