Despite facing challenges, Guinea-Bissau holds immense promise for economic development. However, it has grappled with political uncertainties, notably stemming from disputes over governance and electoral processes. While these challenges have been a setback, the country’s abundant agricultural resources, strategic positioning for trade, and potential for renewable energy offer avenues for growth and prosperity. With fertile land comprising over 60% arable terrain, Guinea-Bissau presents lucrative opportunities for agricultural investment and production. Additionally, its strategic location in West Africa positions it as a vital trade hub, facilitating regional and international commerce. Moreover, the nation’s renewable energy potential, characterized by abundant sunlight and wind resources, underscores its commitment to sustainable development. By harnessing these strengths and addressing political challenges through dialogue and reform, Guinea-Bissau can unlock its full economic potential and chart a course towards lasting prosperity.
This report is part of the Bertelsmann Stiftung’s Transformation Index (BTI) 2022. It covers the period from February 1, 2019 to January 31, 2021. The BTI assesses the transformation toward democracy and a market economy as well as the quality of governance in 137 countries.