Cost of living and prices in Guinea-Bissau, prices of food, rent, shopping, etc 🇬🇼 Updated Jul 2023
Discover the cost of living in Guinea-Bissau, a country located in Western Africa, bordered by Guyana and Senegal. Guinea-Bissau has an area of 36,120 square kilometres and a population of 1,565,126, with a population density of 43.33 people per square kilometre. Portuguese is the official language of the country.
Despite being a small country, Guinea-Bissau has a rich culture, with a diverse mix of ethnic groups. The economy is heavily reliant on agriculture, with the majority of the population engaged in subsistence farming. The gross domestic product (GDP) of Guinea-Bissau is $880,000,000, with a GDP per capita of $562. The currency used in the country is West African CFA franc.
Overall, Guinea-Bissau is an affordable destination for tourists and expats, offering a unique blend of African, Portuguese, and indigenous cultures. Do you want to learn more about cost of living in border countries as well? Check out Guyana and Senegal cost of living pages for more information.
Cost of Living Estimate in Guinea-Bissau
You can calculate cost of living in Guinea-Bissau by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Visitors to Guinea-Bissau can enjoy a diverse range of culinary experiences. One popular option is traditional Guinean cuisine, which typically features stews, rice, and seafood. Many local restaurants offer these dishes, and visitors may be able to try unique regional specialties. Additionally, there are international restaurants serving everything from Italian to Chinese cuisine. Those looking for a more casual experience may want to try street food or snack vendors, which can be found throughout the country. Overall, visitors to Guinea-Bissau can expect to find a variety of eating options to suit their tastes and budget.
Another interesting dining experience in Guinea-Bissau is the opportunity to dine with locals in their homes. Some families offer meals to visitors, allowing them to sample traditional dishes while getting an authentic glimpse into Guinean culture. This type of experience can be arranged through local tour operators or community organizations. Additionally, many hotels offer on-site restaurants and bars, providing convenient options for travelers. Whether dining out or dining in, visitors to Guinea-Bissau can look forward to a delicious and memorable culinary experience.
Market prices in Guinea-Bissau are greatly affected by the country's reliance on agricultural products. The prices of crops such as cashews, rice, and peanuts fluctuate based on seasonal harvests and international demand. Additionally, political instability and corruption in the country can also lead to market uncertainties and price fluctuations.
On the positive side, Guinea-Bissau's coastal location allows for a thriving fish industry, with fresh seafood being traded in local markets. Furthermore, the country's close proximity to neighbouring countries allows for trade opportunities, with products like textiles and electronics imported from countries like Senegal and China. Overall, Guinea-Bissau's market prices are heavily influenced by external factors, but there are still areas of opportunity for local trade and commerce.
Traveling around Guinea-Bissau is an adventure in itself, and there are many transportation options to choose from. The most common is by taxi, which are usually shared with other passengers. These taxis are known as "tokestes," and they can be hailed on the side of the road or at designated taxi stands. It's important to negotiate the fare with the driver before getting in, and be prepared for a bumpy ride as the roads are often unpaved.
For those looking for a more scenic option, taking a boat down the Geba River is a must. This will not only take you to remote villages and towns but will also give you an up-close look at the country's wildlife and natural surroundings. Several boat tours are available, and it's best to book in advance. Another interesting transportation option in Guinea-Bissau is by Pirogue, a wooden canoe used for fishing but also for local transport. A Pirogue ride will offer a unique vantage point of the river and the shoreline.
Rent Per Month prices
Short term rentals in Guinea-Bissau provide a flexible and affordable way of staying in the country. Whether you are visiting on a work assignment, vacation, or just passing through, there are plenty of options available for you. Most short term rentals are fully furnished, and range from simple one-bedroom flats to luxurious studio apartments. The rental prices are generally affordable and depend on the location, amenities, and duration of your stay.
If you are looking for a more homely experience, there are also a variety of guesthouses and hostels available in Guinea-Bissau. These provide a more personal touch and are ideal for those who prefer a simple and affordable accommodation option. Most guesthouses offer basic amenities such as a bed, bathroom, and in some cases, a common kitchen. Hostels, on the other hand, offer a more communal living experience and are perfect for independent travelers or backpackers who want to meet new people and experience local culture.
Salaries And Financing prices
Salaries and financing in Guinea-Bissau may be lesser compared to western countries. The average salary in Guinea-Bissau is low and falls well below the international average. However, the cost of living in Guinea-Bissau is relatively lower in comparison to some other developing countries. This means that travelers visiting the country may find it possible to stretch their money for a longer duration of time. The West African CFA franc is the official currency of Guinea-Bissau; travelers may need to exchange their currency before their trip or withdraw cash from ATMs available in the towns.
Guinea-Bissau is a cash-based economy with limited access to credit. Bank ATMs may not be available outside the capital city, and credit card transactions are not widely accepted, hence travelers may want to bring cash with them. Before traveling, it may be a good idea to research the cost of goods and services in Guinea-Bissau to plan your budget accordingly. It is also crucial to ensure that you have enough money with you since there may be limited-access to cash in the country once you arrive.