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Economy of China vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $2.22B for Guinea-Bissau, ranking 2/197 and 176/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $1.82B (82.2% of GDP) in Guinea-Bissau.

China vs Guinea-Bissau GDP by year

China
Guinea-Bissau
1x
Year GDP, current $
China Guinea-Bissau
2024 $18,743,803,170,827 $2,218,393,805
2023 $18,270,356,654,533 $2,127,688,181
2022 $18,316,765,021,690 $1,859,601,384
2021 $18,201,698,719,564 $1,908,094,558
2020 $14,996,414,166,715 $1,705,057,581
2019 $14,560,167,101,283 $1,596,227,316
2018 $14,147,765,772,964 $1,554,133,594
2017 $12,537,559,062,283 $1,469,978,606
2016 $11,456,024,084,962 $1,245,074,264
2015 $11,280,814,787,469 $1,152,384,167
2014 $10,674,533,168,257 $1,135,250,721
2013 $9,743,124,247,267 $1,109,682,824
2012 $8,673,664,713,189 $1,049,412,177
2011 $7,671,757,207,851 $1,157,074,319
2010 $6,192,564,874,453 $940,112,539
2009 $5,189,577,094,998 $890,167,833
2008 $4,667,346,414,522 $952,667,544
2007 $3,604,055,822,572 $753,162,998
2006 $2,791,498,472,804 $634,781,901
2005 $2,317,551,298,052 $639,776,041
2004 $1,984,196,551,300 $582,169,841
2003 $1,683,903,309,844 $553,614,800
2002 $1,489,821,682,051 $466,773,711
2001 $1,355,036,590,252 $412,610,872
2000 $1,223,754,919,971 $391,345,597
1999 $1,103,843,203,576 $579,365,780
1998 $1,037,134,141,760 $591,034,143
1997 $967,753,570,435 $698,107,222
1996 $868,523,936,530 $702,965,148
1995 $738,190,896,228 $660,195,402
1994 $566,929,539,493 $612,502,085
1993 $446,557,291,212 $615,779,519
1992 $428,502,354,788 $588,309,271
1991 $384,510,452,962 $668,470,891
1990 $361,560,229,446 $634,187,269
1989 $348,380,566,802 $554,072,303
1988 $312,888,888,889 $427,514,322
1987 $273,455,156,951 $451,893,375
1986 $301,310,144,928 $338,524,233
1985 $310,064,625,850 $373,959,151
1984 $260,442,857,143 $359,980,491
1983 $231,130,268,199 $425,225,177
1982 $205,480,916,031 $430,284,022
1981 $196,218,253,968 $402,230,865
1980 $191,487,500,000 $287,648,258
1979 $178,573,913,043 $308,143,183
1978 $149,788,617,886 $318,876,550
1977 $175,226,595,860 $298,871,675
1976 $154,196,810,059 $292,152,321
1975 $163,687,619,736 $283,311,997
1974 $144,418,433,058 $256,769,730
1973 $138,764,340,892 $232,331,281
1972 $113,871,930,714 $227,986,203
1971 $99,959,013,880 $204,167,297
1970 $92,752,930,873 $204,670,551
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/guinea-bissau | CC BY

GDP per capita in China vs Guinea-Bissau by year

China
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $1,008 $3,119
2023 $12,951 $25,179 $988 $2,990
2022 $12,971 $23,032 $883 $2,789
2021 $12,887 $20,843 $927 $2,523
2020 $10,627 $18,267 $847 $2,340
2019 $10,343 $17,601 $811 $2,247
2018 $10,086 $16,298 $809 $2,058
2017 $8,980 $15,022 $783 $2,082
2016 $8,255 $14,157 $680 $1,824
2015 $8,175 $13,463 $645 $1,730
2014 $7,781 $12,942 $652 $1,456
2013 $7,147 $12,228 $654 $1,416
2012 $6,405 $11,420 $635 $1,402
2011 $5,704 $10,457 $720 $1,472
2010 $4,629 $9,411 $600 $1,370
2009 $3,898 $8,448 $583 $1,315
2008 $3,523 $7,713 $640 $1,309
2007 $2,735 $6,935 $519 $1,260
2006 $2,129 $5,946 $449 $1,226
2005 $1,778 $5,148 $463 $1,187
2004 $1,531 $4,505 $431 $1,105
2003 $1,307 $4,007 $420 $1,089
2002 $1,164 $3,591 $362 $1,095
2001 $1,065 $3,258 $327 $1,064
2000 $969 $2,964 $317 $1,014
1999 $881 $2,690 $479 $1,001
1998 $835 $2,483 $498 $861
1997 $787 $2,297 $599 $1,118
1996 $713 $2,088 $615 $1,052
1995 $613 $1,884 $589 $945
1994 $476 $1,680 $561 $909
1993 $379 $1,471 $582 $890
1992 $368 $1,276 $574 $880
1991 $334 $1,105 $672 $877
1990 $319 $991 $651 $824
1989 $311 - $578 -
1988 $284 - $454 -
1987 $252.3 - $488 -
1986 $282.4 - $371 -
1985 $295 - $417 -
1984 $251.2 - $407 -
1983 $225.9 - $489 -
1982 $203.7 - $503 -
1981 $197.4 - $477 -
1980 $195.1 - $347 -
1979 $184.3 - $376 -
1978 $156.7 - $403 -
1977 $185.7 - $403 -
1976 $165.7 - $421 -
1975 $178.6 - $435 -
1974 $160.4 - $419 -
1973 $157.3 - $392 -
1972 $132.1 - $389 -
1971 $118.8 - $348 -
1970 $113.3 - $350 -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/guinea-bissau | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $1,008 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

China Guinea-Bissau
Gross domestic product
$18.7T
2024
$2.22B
2024
GDP rank
2/197
2024
176/197
2024
GDP growth
4.98%
2023-2024
4.15%
2023-2024
GDP per capita
$13,303
2024
$1,008
2024
GDP per capita rank
76/197
2024
177/197
2024
GDP per capita, PPP
$27,105
2024
$3,119
2024
GDP per capita PPP rank
77/197
2024
179/197
2024
Government debt
$16.6T
2024
$1.82B
2024
Debt-to-GDP ratio
88.3%
2024
82.2%
2024
Government debt per person
$11,749
2024
$828
2024
Government debt per person rank
47/185
2024
146/185
2024
Average annual personal income after taxes
$9,826
2026
$1,711
2026
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
26.1%
2021
Income share by poorest 10%
3.1%
2022
3.4%
2021
Government expenditure, % of GDP
32.9%
2024
20.4%
2024
Consumer prices inflation
0.2%
2023-2024
3.7%
2023-2024
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
2.67%
2022
Population
1402578808
2311915

Spending and national debt comparison by year

China
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
China Guinea-Bissau
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 20.4% 82.2%
2023 32.7% 82% 21.9% 79.4%
2022 32.6% 75.5% 21.3% 80.7%
2021 31.9% 70.1% 25% 78.8%
2020 34.8% 69% 25% 77.6%
2019 33.6% 59.4% 18.8% 65.1%
2018 32.6% 55.6% 19.5% 59.1%
2017 32% 53.9% 18.1% 51.8%
2016 31.7% 49.7% 20.5% 59.1%
2015 31% 40.8% 21.5% 56.3%
2014 28.4% 39.3% 23% 60.1%
2013 28.1% 36.4% 12.4% 49.6%
2012 27.7% 33.8% 13% 47.4%
2011 26.6% 33.2% 17.3% 45.6%
2010 24.7% 33.3% 18.5% 61.7%
2009 25.2% 34% 20.6% 148.3%
2008 22.2% 26.7% 21.8% 148.8%
2007 17.9% 28.7% 23.7% 164%
2006 18.1% 25.2% 19.8% 190.4%
2005 18% 25.9% 20.2% 203.7%
2004 17.6% 26% 23% 202%
2003 18% 26.4% 17% 183.4%
2002 18.2% 25.6% 14.1% 197.5%
2001 17.2% 24.3% 19.1% 204.4%
2000 16.1% 22.7% 23.5% 217.1%
1999 14.9% 21.6% 12.1% 109.9%
1998 12.6% 20.4% 8.72% 109.1%
1997 11.5% 20.4% 12.7% 94.3%
1996 11% 21.2% 8.93% 117.3%
1995 11.1% 21.4% 8.14% 103.3%
1994 12.4% - 18.4% 105.5%
1993 13.4% - 13.1% 112.4%
1992 14.6% - 10.1% 85.3%
1991 16.5% - 9.19% 88.9%
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1996, retrieved 2026-02-20).

GeoRank.org/economy/china/guinea-bissau | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Guinea-Bissau spent $452M, or 20.4% of GDP.

Debt-to-GDP ratio is 88.3% in China and 82.2% in Guinea-Bissau, ranking 34/185 and 41/185, respectively.

Government deficit by year

Deficit/surplus
China

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
China Guinea-Bissau
2024 -7.34% -7.26%
2023 -6.71% -8.15%
2022 -7.32% -6.06%
2021 -5.9% -5.88%
2020 -9.56% -9.64%
2019 -6% -3.86%
2018 -4.2% -4.76%
2017 -3.34% -1.32%
2016 -3.33% -5.34%
2015 -2.5% -3.16%
2014 -0.67% -2.44%
2013 -0.82% -1.67%
2012 -0.3% -2.12%
2011 -0.1% -1.35%
2010 -0.36% -0.23%
2009 -1.72% 2.68%
2008 -0.02% -0.73%
2007 0.06% -8.77%
2006 -1.13% -4.57%
2005 -1.38% -4.96%
2004 -1.49% -5.92%
2003 -2.36% -5.63%
2002 -2.84% -3.7%
2001 -2.56% -1.83%
2000 -2.81% -2.8%
1999 -2.3% -4.06%
1998 -1.08% -5.95%
1997 -0.73% -2.56%
1996 -0.73% 3.48%
1995 -0.94% 2.45%
1994 -1.68% -5.54%
1993 -0.89% -0.34%
1992 -1.22% -0.25%
1991 -1.04% 1.61%
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/guinea-bissau | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Guinea-Bissau's deficit of $161M, or 7.26% of GDP.

Over the past 34 years, China recorded a fiscal deficit in 33 of those years, while Guinea-Bissau ran a deficit in 30 years. On average, China posted an annual deficit equal to 2.51% of GDP, compared to deficit of 3.25% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
China

Guinea-Bissau
1x
Year Consumer prices inflation
China Guinea-Bissau
2024 0.2% 3.7%
2023 0.2% 7.2%
2022 2% 7.9%
2021 0.9% 3.3%
2020 2.5% 1.5%
2019 2.9% 0.3%
2018 2.1% 0.4%
2017 1.6% -0.2%
2016 2% 2.7%
2015 1.5% 1.5%
2014 2% -1%
2013 2.7% 0.8%
2012 2.6% 2.1%
2011 5.4% 5.1%
2010 3.3% 1.1%
2009 -0.7% -1.6%
2008 5.9% 10.4%
2007 4.7% 4.6%
2006 1.5% 2%
2005 1.8% 3.4%
2004 3.9% 0.8%
2003 1.1% -3.5%
2002 -0.8% 3.3%
2001 0.7% 3.3%
2000 0.4% 8.6%
1999 -1.4% -2.1%
1998 -0.8% 8.1%
1997 2.8% 49.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/china/guinea-bissau | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 4.39% in Guinea-Bissau. In 2024, inflation was 0.2% in China and 3.7% in Guinea-Bissau.

Top exports between countries

China
Export category Export value
Machinery & equipment $49M
Raw agricultural goods $17.8M
Textiles & consumer goods $10.6M
Metals $9.67M
Chemicals & pharma $4.42M
Raw materials & minerals $3.88M
Miscellaneous $1.51M
Processed food, beverages & tobacco $631K
Wood & paper products $622K
Precious metals & jewellery $18K
Guinea-Bissau
Export category Export value
Wood & paper products $68.8M
Raw agricultural goods $2.5M

Balance of trade

China Guinea-Bissau
Current account balance
$424B
2024
-$160M
2023
Current account balance ranking
1/190
2024
95/190
2023
Current account balance, % of GDP
+2.26%
2024
-7.53%
2023
Goods imports
$2.64T
2024
$403M
2023
Goods exports
$3.41T
2024
$240M
2023
Service imports
$613B
2024
$189M
2023
Service exports
$384B
2024
$44.8M
2023
Imports of goods and services, % of GDP
17.2%
2024
27%
2024
Exports of goods and services, % of GDP
20%
2024
11.8%
2024

Economic freedom indices

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

China Guinea-Bissau
Economic freedom 48.3 43.2
Economic freedom ranking 170/197 181/197
Property rights 40.9 28.4
Government integrity 42.3 21
Judicial effectiveness 38.6 13.2
Tax burden 69.3 89
Government spending 67.8 86.5
Fiscal health 4.4 6.5
Business freedom 68.7 34.6
Labor freedom 57.9 55.9
Monetary freedom 76.1 75.9
Trade freedom 73.4 47
Investment freedom 20 30
Financial freedom 20 30

Economic freedom comparison by year

China
Guinea-Bissau
1x
Year Economic freedom index
China Guinea-Bissau
2026 48.3 43.2
2025 49 43.6
2024 48.5 42.7
2023 48.3 44.6
2022 48 46
2021 58.4 54.9
2020 59.5 53.3
2019 58.4 54
2018 57.8 56.9
2017 57.4 56.1
2016 52 51.8
2015 52.7 52
2014 52.5 51.3
2013 51.9 51.1
2012 51.2 50.1
2011 52 46.5
2010 51 43.6
2009 53.2 45.4
2008 53.1 44.4
2007 52 46.1
2006 53.6 46.5
2005 53.7 46
2004 52.5 42.6
2003 52.6 43.1
2002 52.8 42.3
2001 52.6 42.5
2000 56.4 34.7
1999 54.8 33.5
1998 53.1 -
1997 51.7 -
1996 51.3 -
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/guinea-bissau | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, 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

China Guinea-Bissau
Services, % of GDP
56.7%
2024
37.9%
2024
Industry, % of GDP
36.5%
2024
15.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
42.2%
2024
GNI, Atlas method
$19.3T
2024
$2.18B
2024
GNI per capita, PPP
$26,920
2024
$3,140
2024
Total reserves including gold
$3.46T
2024
n/a
Total reserves ranking
1/177
2024
n/a
Net foreign direct investment
$154B
2024
-$24.8M
2023
Net inflows of foreign direct investment
$18.6B
2024
$26.7M
2024
Net outflows of foreign direct investment
$172B
2024
$389K
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
1.75%
2024
Poverty at national poverty lines
0%
2020
50.5%
2021
Gross capital formation, % of GDP
40.6%
2024
24.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/guinea-bissau | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1996, retrieved 2026-02-20)
  6. TradeMap (2018–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.