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Economy of Burkina Faso vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank

Burkina Faso has a GDP of $27.6B compared to $2.53B for Guinea-Bissau, ranking 119/197 and 176/197 by economy size, respectively.

Burkina Faso has $14.4B in government debt (52% of GDP), compared to $1.9B (75.3% of GDP) in Guinea-Bissau.

Burkina Faso vs Guinea-Bissau GDP by year

Burkina Faso
Guinea-Bissau
1x
Year GDP, current $
Burkina Faso Guinea-Bissau
2025 $27,627,297,461 $2,527,930,273
2024 $23,136,514,856 $2,197,777,210
2023 $20,106,062,972 $2,076,748,678
2022 $18,622,421,395 $1,856,239,955
2021 $19,697,516,284 $1,907,611,288
2020 $17,725,010,533 $1,705,062,170
2019 $16,032,813,503 $1,596,214,680
2018 $15,890,066,221 $1,554,133,594
2017 $14,106,955,615 $1,469,978,606
2016 $12,833,363,045 $1,245,074,264
2015 $11,832,159,316 $1,152,384,167
2014 $13,943,016,077 $1,135,250,721
2013 $13,444,300,486 $1,109,682,824
2012 $12,561,015,157 $1,049,412,177
2011 $12,080,295,978 $1,157,074,319
2010 $10,109,619,741 $940,112,539
2009 $9,450,696,873 $890,167,833
2008 $9,451,435,490 $952,667,544
2007 $7,625,722,837 $753,162,998
2006 $6,547,419,820 $634,781,901
2005 $6,146,353,173 $639,776,041
2004 $5,451,688,538 $582,169,841
2003 $4,740,768,143 $553,614,800
2002 $3,622,350,063 $466,773,711
2001 $3,190,371,081 $412,610,872
2000 $2,968,370,088 $391,345,597
1999 $3,389,566,713 $579,365,780
1998 $2,804,902,367 $591,034,143
1997 $2,447,669,102 $698,107,222
1996 $2,586,550,595 $702,965,148
1995 $2,379,517,975 $660,195,402
1994 $1,895,290,637 $612,502,085
1993 $3,199,536,465 $615,779,519
1992 $3,356,692,505 $588,309,271
1991 $3,135,045,584 $668,470,891
1990 $3,101,300,779 $634,187,269
1989 $2,615,587,734 $554,072,303
1988 $2,616,040,479 $427,514,322
1987 $2,369,834,950 $451,893,375
1986 $2,036,303,358 $338,524,233
1985 $1,552,493,196 $373,959,151
1984 $1,459,880,132 $359,980,491
1983 $1,600,278,605 $425,225,177
1982 $1,754,450,096 $430,284,022
1981 $1,775,842,334 $402,230,865
1980 $1,928,719,888 $287,648,258
1979 $1,748,480,621 $308,143,183
1978 $1,475,583,645 $318,876,550
1977 $1,131,224,878 $298,871,675
1976 $976,547,188 $292,152,321
1975 $939,972,703 $283,311,997
1974 $751,133,430 $256,769,730
1973 $674,773,570 $232,331,281
1972 $578,595,522 $227,986,203
1971 $482,411,179 $204,167,297
1970 $458,404,269 $204,670,551
1969 $478,298,645 -
1968 $460,442,689 -
1967 $450,753,924 -
1966 $433,889,766 -
1965 $422,916,790 -
1964 $410,321,645 -
1963 $394,040,667 -
1962 $379,567,099 -
1961 $350,247,234 -
1960 $330,442,816 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

GDP per capita in Burkina Faso vs Guinea-Bissau by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,148 - $1,124 -
2024 $982 $2,896 $998 $3,119
2023 $873 $2,759 $964 $2,990
2022 $827 $2,645 $882 $2,789
2021 $896 $2,486 $927 $2,523
2020 $825 $2,381 $847 $2,340
2019 $765 $2,232 $811 $2,247
2018 $777 $2,073 $809 $2,058
2017 $709 $2,042 $783 $2,082
2016 $664 $1,882 $680 $1,824
2015 $630 $1,692 $645 $1,730
2014 $765 $1,661 $652 $1,456
2013 $760 $1,643 $654 $1,416
2012 $731 $1,572 $635 $1,402
2011 $725 $1,531 $720 $1,472
2010 $625 $1,449 $600 $1,370
2009 $602 $1,360 $583 $1,315
2008 $619 $1,351 $640 $1,309
2007 $515 $1,290 $519 $1,260
2006 $456 $1,244 $449 $1,226
2005 $441 $1,172 $463 $1,187
2004 $404 $1,079 $431 $1,105
2003 $362 $1,038 $420 $1,089
2002 $285.7 $974 $362 $1,095
2001 $259.5 $948 $327 $1,064
2000 $248.9 $896 $317 $1,014
1999 $292.8 $886 $479 $1,001
1998 $249.5 $838 $498 $861
1997 $223.9 $794 $599 $1,118
1996 $242.7 $753 $615 $1,052
1995 $229.1 $684 $589 $945
1994 $187.2 $650 $561 $909
1993 $324 $644 $582 $890
1992 $349 $623 $574 $880
1991 $334 $623 $672 $877
1990 $339 $567 $651 $824
1989 $293.2 - $578 -
1988 $301 - $454 -
1987 $280.2 - $488 -
1986 $247.5 - $371 -
1985 $194.1 - $417 -
1984 $187.8 - $407 -
1983 $211.9 - $489 -
1982 $239 - $503 -
1981 $248.7 - $477 -
1980 $277.6 - $347 -
1979 $258.5 - $376 -
1978 $223.9 - $403 -
1977 $176 - $403 -
1976 $155.5 - $421 -
1975 $152.9 - $435 -
1974 $124.7 - $419 -
1973 $114.1 - $392 -
1972 $99.6 - $389 -
1971 $84.5 - $348 -
1970 $81.7 - $350 -
1969 $86.8 - - -
1968 $85 - - -
1967 $84.6 - - -
1966 $82.8 - - -
1965 $82.1 - - -
1964 $80.9 - - -
1963 $78.9 - - -
1962 $77.2 - - -
1961 $72.2 - - -
1960 $69.2 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

Burkina Faso's GDP per capita is $1,148, ranking 176/197, compared to $1,124 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Burkina Faso Guinea-Bissau
Gross domestic product
$27.6B
2025
$2.53B
2025
GDP rank
119/197
2025
176/197
2025
GDP growth
5.29%
2024-2025
5.82%
2024-2025
GDP per capita
$1,148
2025
$1,124
2025
GDP per capita rank
176/197
2025
177/197
2025
GDP per capita, PPP
$2,896
2024
$3,119
2024
GDP per capita PPP rank
181/197
2024
179/197
2024
Government debt
$14.4B
2025
$1.9B
2025
Debt-to-GDP ratio
52%
2025
75.3%
2025
Government debt per person
$597
2025
$846
2025
Government debt per person rank
163/185
2025
149/185
2025
Average annual personal income after taxes
$1,632
2026
$1,483
2026
Income share by richest 10%
30.2%
2021
26.1%
2021
Income share by poorest 10%
3%
2021
3.4%
2021
Government expenditure, % of GDP
26.1%
2025
19.9%
2025
Consumer prices inflation
-0.59%
2024-2025
0.9%
2024-2025
Unemployment rate
7.09%
2025
2.67%
2022
Population
24880655
2323460

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
Burkina Faso Guinea-Bissau
Government spending Government debt Government spending Government debt
2025 26.1% 52% 19.9% 75.3%
2024 27.8% 57.2% 20.4% 82.4%
2023 29.4% 56.8% 21.9% 79.4%
2022 32.9% 59.2% 21.3% 80.7%
2021 27.8% 55.5% 25% 78.8%
2020 24.4% 43.6% 25% 77.6%
2019 23.3% 41.7% 18.8% 65.1%
2018 24.2% 38.1% 19.5% 59.1%
2017 26.3% 33.9% 18.1% 51.8%
2016 21.6% 32.9% 20.5% 59.1%
2015 20.4% 31.3% 21.5% 56.3%
2014 20.9% 26.1% 23% 60.1%
2013 25.3% 25.9% 12.4% 49.6%
2012 22.7% 25.2% 13% 47.4%
2011 20.4% 24.5% 17.3% 45.6%
2010 21.7% 23.7% 18.5% 61.7%
2009 21.5% 25.9% 20.6% 148.3%
2008 18.6% 24.9% 21.8% 148.8%
2007 22.8% 22.4% 23.7% 164%
2006 21.9% 20.1% 19.8% 190.4%
2005 20.2% 39.2% 20.2% 203.7%
2004 20.3% 40.7% 23% 202%
2003 17.6% 39.7% 17% 183.4%
2002 19.5% 43.3% 14.1% 197.5%
2001 19.7% 46.6% 19.1% 204.4%
2000 19.8% 47.5% 23.5% 217.1%
1999 21.4% 46.4% 12.1% 109.9%
1998 19.7% 47.7% 8.72% 109.1%
1997 20% 48.4% 12.7% 94.3%
1996 19.8% 45.8% 8.93% 117.3%
1995 19.4% 48.9% 8.14% 103.3%
1994 17.8% 55.1% 18.4% 105.5%
1993 17.9% 33.6% 13.1% 112.4%
1992 16.7% 29.6% 10.1% 85.3%
1991 17% 28.7% 9.19% 88.9%
1990 18.4% 25.6% - -
1989 14.2% 25.5% - -
1988 16.2% 28.8% - -
1987 19.2% 30.7% - -
1986 16.3% 27.6% - -
1985 11.5% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

In 2025, Burkina Faso's government spending was $7.21B, accounting for 26.1% of its GDP, while Guinea-Bissau spent $502M, or 19.9% of GDP.

Debt-to-GDP ratio is 52% in Burkina Faso and 75.3% in Guinea-Bissau, ranking 100/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
Burkina Faso Guinea-Bissau
2025 -3.54% -6.69%
2024 -5.84% -7.26%
2023 -6.91% -8.15%
2022 -10.9% -6.06%
2021 -7.45% -5.88%
2020 -5.16% -9.64%
2019 -3.39% -3.86%
2018 -4.43% -4.76%
2017 -6.92% -1.32%
2016 -3.08% -5.34%
2015 -2.09% -3.16%
2014 -1.74% -2.44%
2013 -3.55% -1.67%
2012 -2.76% -2.12%
2011 -2.04% -1.35%
2010 -4.06% -0.23%
2009 -4.16% 2.68%
2008 -3.63% -0.73%
2007 -5.01% -8.77%
2006 14.3% -4.57%
2005 -4.89% -4.96%
2004 -4.19% -5.92%
2003 -1.79% -5.63%
2002 -4.43% -3.7%
2001 -3.56% -1.83%
2000 -3.03% -2.8%
1999 -3.29% -4.06%
1998 -2.6% -5.95%
1997 -2.64% -2.56%
1996 -1.67% 3.48%
1995 -2.65% 2.45%
1994 -1.89% -5.54%
1993 -3.81% -0.34%
1992 -2.51% -0.25%
1991 -2.77% 1.61%
1990 -7.54% -
1989 1.96% -
1988 -4.32% -
1987 -5.27% -
1986 -5.1% -
1985 -1.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

In 2025, Burkina Faso's government deficit, the difference between spending and revenue, was $978M, equivalent to 3.54% of GDP. This compares to Guinea-Bissau's deficit of $169M, or 6.69% of GDP.

Over the past 35 years, Burkina Faso recorded a fiscal deficit in 34 of those years, while Guinea-Bissau ran a deficit in 31 years. On average, Burkina Faso posted an annual deficit equal to 3.37% of GDP, compared to deficit of 3.35% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
Burkina Faso

Guinea-Bissau
1x
Year Consumer prices inflation
Burkina Faso Guinea-Bissau
2025 -0.59% 0.9%
2024 4.19% 3.7%
2023 0.74% 7.2%
2022 14.3% 7.9%
2021 3.65% 3.3%
2020 1.88% 1.5%
2019 -3.23% 0.3%
2018 1.96% 0.4%
2017 1.48% -0.2%
2016 0.44% 2.7%
2015 0.72% 1.5%
2014 -0.26% -1%
2013 0.53% 0.8%
2012 3.82% 2.1%
2011 2.76% 5.1%
2010 -0.76% 1.1%
2009 2.61% -1.6%
2008 10.7% 10.4%
2007 -0.23% 4.6%
2006 2.33% 2%
2005 6.42% 3.4%
2004 -0.4% 0.8%
2003 2.03% -3.5%
2002 2.18% 3.3%
2001 5.01% 3.3%
2000 -0.3% 8.6%
1999 -1.07% -2.1%
1998 5.08% 8.1%
1997 2.32% 49.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

Over the past 29 years, Burkina Faso has recorded an average annual inflation rate of 2.35%, compared with 4.27% in Guinea-Bissau. In 2025, inflation was -0.59% in Burkina Faso and 0.9% in Guinea-Bissau.

Top exports between countries

Burkina Faso
Export category Export value
Machinery & equipment $22K
Raw materials & minerals $17K
Wood & paper products $10K
Chemicals & pharma $7K
Textiles & consumer goods $6K
Guinea-Bissau
Export category Export value

Balance of trade

Burkina Faso Guinea-Bissau
Current account balance
-$918M
2024
-$162M
2024
Current account balance ranking
114/190
2024
87/190
2024
Current account balance, % of GDP
-3.97%
2024
-7.36%
2024
Goods imports
$5.82B
2024
$414M
2024
Goods exports
$6.12B
2024
$229M
2024
Service imports
$1.47B
2024
$198M
2024
Service exports
$630M
2024
$51M
2024
Imports of goods and services, % of GDP
30%
2025
27%
2025
Exports of goods and services, % of GDP
35%
2025
13.9%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Burkina Faso Guinea-Bissau
Economic freedom 49.1 43.2
Economic freedom ranking 167/197 181/197
Property rights 17.6 28.4
Government integrity 40.2 21
Judicial effectiveness 26.1 13.2
Tax burden 80.8 89
Government spending 72.9 86.5
Fiscal health 13.4 6.5
Business freedom 37.8 34.6
Labor freedom 62.1 55.9
Monetary freedom 71.9 75.9
Trade freedom 61 47
Investment freedom 65 30
Financial freedom 40 30

Economic freedom comparison by year

Burkina Faso
Guinea-Bissau
1x
Year Economic freedom index
Burkina Faso Guinea-Bissau
2026 49.1 43.2
2025 51 43.6
2024 51.9 42.7
2023 56.2 44.6
2022 58.3 46
2021 56.5 54.9
2020 56.7 53.3
2019 59.4 54
2018 60 56.9
2017 59.6 56.1
2016 59.1 51.8
2015 58.6 52
2014 58.9 51.3
2013 59.9 51.1
2012 60.6 50.1
2011 60.6 46.5
2010 59.4 43.6
2009 59.5 45.4
2008 55.7 44.4
2007 55.1 46.1
2006 55.8 46.5
2005 56.6 46
2004 58 42.6
2003 58.9 43.1
2002 58.8 42.3
2001 56.7 42.5
2000 55.7 34.7
1999 55 33.5
1998 54.5 -
1997 54 -
1996 49.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, compared to 43.2 for Guinea-Bissau, ranking 181/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burkina Faso Guinea-Bissau
Services, % of GDP
41.5%
2025
39.1%
2025
Industry, % of GDP
30.1%
2025
15.7%
2025
Agriculture, forestry, and fishing, % of GDP
19.9%
2025
40.6%
2025
GNI, Atlas method
$23.6B
2025
$2.45B
2025
GNI per capita, PPP
$2,890
2025
$3,320
2025
Net foreign direct investment
$259M
2024
-$26.3M
2024
Net inflows of foreign direct investment
-$202M
2024
$26.7M
2024
Net outflows of foreign direct investment
$57M
2024
$389K
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
1.77%
2024
Poverty at national poverty lines
43.2%
2021
50.5%
2021
Gross capital formation, % of GDP
17.2%
2025
25.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/burkina-faso/guinea-bissau | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.