Housing Finance in Guinea Bissau

Overview

This profile is also available in French here.

To download a pdf version of the full 2021 The Guinea Bissau country profile, click here.

Guinea-Bissau is located between Guinea and Senegal and is considered politically unstable. The small coastal country covers 196 722 km2 of mainly swampy wetlands, islands, and rainforest areas, making habitation difficult. It is one of the least developed countries globally, with 2 015 494 inhabitants and a population growth rate of 2.5% in 2021. Guinea-Bissau is ranked as the fourth poorest country in the world with a poverty rate of 69.3% in 2021. More than two-thirds of the population (74%) live in slum areas while the urban population is 43.4%.

An obstacle to the country’s growth is the unstable socio-political environment caused by successive military coups and the traffic of narcotics. Corruption, which is reportedly entrenched in Guinea-Bissau society, coupled with criminal activities such as drug trafficking, continues to hamper economic development. The Global Freedom Score is 44% in Guinea-Bissau, political rights are 42.5% and civil liberties are 45% in 2021, all of which indicate that the country is partially free.

The main sources of income are agriculture and fishing. The export of cashew nuts, which accounts for over 90% of total exports, is the backbone of the country’s economy. Its oil and mineral deposits remain unexplored. Guinea- Bissau was one of the hardest-hit countries by COVID-19 economically, with the country’s economic growth rate plunging from 4.5% in 2019,7 to -2.4% in 2020.8 The inflation rate was reported to be 1.9% in June 2021, below the 3% West African Economic and Monetary Union (WAEMU) standard. After adjusting for Purchasing Power Parity (PPP), GDP per capita in Guinea- Bissau was reported to be CFA1 022 083.8 (US$1 847.47) in 2020. This is equivalent to 10% of the world’s average.

Find out more information on the housing finance sector of Guinea-Bissau, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

Download yearbook
Neighbouring Countries Gambia Guinea Senegal
View more
View more
View more
View more