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

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $2.53B for Guinea-Bissau, ranking 103/197 and 176/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $1.9B (75.3% of GDP) in Guinea-Bissau.

Cyprus vs Guinea-Bissau GDP by year

Cyprus
Guinea-Bissau
1x
Year GDP, current $
Cyprus Guinea-Bissau
2025 $41,225,787,247 $2,527,930,273
2024 $37,634,551,821 $2,197,777,210
2023 $35,075,440,603 $2,076,748,678
2022 $31,218,047,044 $1,856,239,955
2021 $30,372,637,513 $1,907,611,288
2020 $25,555,082,267 $1,705,062,170
2019 $26,196,660,680 $1,596,214,680
2018 $25,754,011,492 $1,554,133,594
2017 $22,946,583,376 $1,469,978,606
2016 $21,046,452,117 $1,245,074,264
2015 $19,909,269,065 $1,152,384,167
2014 $23,225,912,183 $1,135,250,721
2013 $23,959,708,956 $1,109,682,824
2012 $25,047,433,100 $1,049,412,177
2011 $27,641,553,201 $1,157,074,319
2010 $25,799,940,416 $940,112,539
2009 $26,048,190,775 $890,167,833
2008 $27,958,384,913 $952,667,544
2007 $23,968,727,074 $753,162,998
2006 $20,072,754,987 $634,781,901
2005 $18,433,412,511 $639,776,041
2004 $17,320,551,250 $582,169,841
2003 $14,547,329,558 $553,614,800
2002 $11,420,228,846 $466,773,711
2001 $10,397,898,907 $412,610,872
2000 $9,985,847,314 $391,345,597
1999 $10,497,907,228 $579,365,780
1998 $10,248,618,778 $591,034,143
1997 $9,547,816,420 $698,107,222
1996 $10,011,914,680 $702,965,148
1995 $9,933,137,128 $660,195,402
1994 $7,425,703,929 $612,502,085
1993 $6,590,291,048 $615,779,519
1992 $6,912,150,456 $588,309,271
1991 $5,770,197,348 $668,470,891
1990 $5,591,130,218 $634,187,269
1989 $4,563,482,604 $554,072,303
1988 $4,278,792,597 $427,514,322
1987 $3,704,813,886 $451,893,375
1986 $3,090,734,463 $338,524,233
1985 $2,430,411,900 $373,959,151
1984 $2,278,248,953 $359,980,491
1983 $2,160,364,071 $425,225,177
1982 $2,159,242,417 $430,284,022
1981 $2,087,496,374 $402,230,865
1980 $2,154,311,277 $287,648,258
1979 $1,288,699,776 $308,143,183
1978 $964,024,364 $318,876,550
1977 $734,876,021 $298,871,675
1976 $576,090,074 $292,152,321
1975 $489,912,574 $283,311,997
1974 - $256,769,730
1973 - $232,331,281
1972 - $227,986,203
1971 - $204,167,297
1970 - $204,670,551

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Cyprus vs Guinea-Bissau by year

Cyprus
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $1,124 -
2024 $27,707 $63,007 $998 $3,119
2023 $26,079 $59,875 $964 $2,990
2022 $23,448 $55,876 $882 $2,789
2021 $23,057 $47,633 $927 $2,523
2020 $19,624 $42,569 $847 $2,340
2019 $20,360 $44,394 $811 $2,247
2018 $20,267 $40,262 $809 $2,058
2017 $18,295 $37,768 $783 $2,082
2016 $17,013 $35,247 $680 $1,824
2015 $16,326 $31,380 $645 $1,730
2014 $19,326 $29,893 $652 $1,456
2013 $20,238 $30,416 $654 $1,416
2012 $21,493 $31,924 $635 $1,402
2011 $24,110 $33,406 $720 $1,472
2010 $22,876 $33,502 $600 $1,370
2009 $23,480 $33,901 $583 $1,315
2008 $25,626 $34,830 $640 $1,309
2007 $22,344 $32,888 $519 $1,260
2006 $19,037 $30,009 $449 $1,226
2005 $17,790 $27,763 $463 $1,187
2004 $17,016 $25,942 $431 $1,105
2003 $14,553 $24,278 $420 $1,089
2002 $11,636 $23,556 $362 $1,095
2001 $10,785 $22,866 $327 $1,064
2000 $10,537 $21,296 $317 $1,014
1999 $11,273 $19,663 $479 $1,001
1998 $11,206 $18,760 $498 $861
1997 $10,637 $17,781 $599 $1,118
1996 $11,373 $17,320 $615 $1,052
1995 $11,514 $17,096 $589 $945
1994 $8,791 $15,735 $561 $909
1993 $7,978 $14,852 $582 $890
1992 $8,530 $14,759 $574 $880
1991 $7,222 $13,546 $672 $877
1990 $7,092 $13,348 $651 $824
1989 $5,870 - $578 -
1988 $5,584 - $454 -
1987 $4,908 - $488 -
1986 $4,159 - $371 -
1985 $3,324 - $417 -
1984 $3,167 - $407 -
1983 $3,055 - $489 -
1982 $3,100 - $503 -
1981 $3,030 - $477 -
1980 $3,154 - $347 -
1979 $1,902 - $376 -
1978 $1,434 - $403 -
1977 $1,102 - $403 -
1976 $870 - $421 -
1975 $743 - $435 -
1974 - - $419 -
1973 - - $392 -
1972 - - $389 -
1971 - - $348 -
1970 - - $350 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $1,124 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Cyprus Guinea-Bissau
Gross domestic product
$41.2B
2025
$2.53B
2025
GDP rank
103/197
2025
176/197
2025
GDP growth
3.77%
2024-2025
5.82%
2024-2025
GDP per capita
$30,075
2025
$1,124
2025
GDP per capita rank
45/197
2025
177/197
2025
GDP per capita, PPP
$63,007
2024
$3,119
2024
GDP per capita PPP rank
29/197
2024
179/197
2024
Government debt
$22.8B
2025
$1.9B
2025
Debt-to-GDP ratio
55.3%
2025
75.3%
2025
Government debt per person
$16,632
2025
$846
2025
Government debt per person rank
40/185
2025
149/185
2025
Average annual personal income after taxes
$24,626
2026
$1,483
2026
Market capitalization of domestic companies
$27.9B
2025
n/a
Number of millionaires
24,000
2026
n/a
Number of billionaires
10
2026
n/a
Income share by richest 10%
26.3%
2023
26.1%
2021
Income share by poorest 10%
3.6%
2023
3.4%
2021
Government expenditure, % of GDP
40.4%
2025
19.9%
2025
Consumer prices inflation
0.13%
2024-2025
0.9%
2024-2025
Unemployment rate
4.4%
2025
2.67%
2022
Population
1388591
2323460

Spending and national debt comparison by year

Cyprus
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
Cyprus Guinea-Bissau
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 19.9% 75.3%
2024 38.3% 62.8% 20.4% 82.4%
2023 40.6% 71.1% 21.9% 79.4%
2022 37.7% 80.3% 21.3% 80.7%
2021 42.7% 96.5% 25% 78.8%
2020 45.9% 113.6% 25% 77.6%
2019 40.3% 92.3% 18.8% 65.1%
2018 44.3% 100.7% 19.5% 59.1%
2017 38.4% 96.4% 18.1% 51.8%
2016 39.6% 106.8% 20.5% 59.1%
2015 43% 111.6% 21.5% 56.3%
2014 52.1% 113% 23% 60.1%
2013 42.1% 102.7% 12.4% 49.6%
2012 41.9% 79.2% 13% 47.4%
2011 42.1% 64.8% 17.3% 45.6%
2010 41.7% 55.3% 18.5% 61.7%
2009 41.9% 52.8% 20.6% 148.3%
2008 38.2% 44.1% 21.8% 148.8%
2007 37.6% 53.1% 23.7% 164%
2006 39.1% 59% 19.8% 190.4%
2005 39.7% 64% 20.2% 203.7%
2004 38.6% 64.7% 23% 202%
2003 40.4% 63% 17% 183.4%
2002 37.4% 61% 14.1% 197.5%
2001 35.7% 57.5% 19.1% 204.4%
2000 35% 56% 23.5% 217.1%
1999 34.3% 55.7% 12.1% 109.9%
1998 34.4% 55% 8.72% 109.1%
1997 34.2% 53.5% 12.7% 94.3%
1996 32.4% 48.8% 8.93% 117.3%
1995 30.4% 46.7% 8.14% 103.3%
1994 - - 18.4% 105.5%
1993 - - 13.1% 112.4%
1992 - - 10.1% 85.3%
1991 - - 9.19% 88.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Guinea-Bissau spent $502M, or 19.9% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 75.3% in Guinea-Bissau, ranking 89/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
Cyprus Guinea-Bissau
2025 2.99% -6.69%
2024 4.14% -7.26%
2023 1.71% -8.15%
2022 2.69% -6.06%
2021 -1.59% -5.88%
2020 -5.57% -9.64%
2019 1.03% -3.86%
2018 -3.36% -4.76%
2017 2.13% -1.32%
2016 0.45% -5.34%
2015 -0.77% -3.16%
2014 -8.8% -2.44%
2013 -5.16% -1.67%
2012 -5.55% -2.12%
2011 -5.65% -1.35%
2010 -4.68% -0.23%
2009 -5.43% 2.68%
2008 0.87% -0.73%
2007 3.23% -8.77%
2006 -1.04% -4.57%
2005 -2.22% -4.96%
2004 -3.71% -5.92%
2003 -5.91% -5.63%
2002 -4.13% -3.7%
2001 -2.11% -1.83%
2000 -2.24% -2.8%
1999 -4.05% -4.06%
1998 -3.85% -5.95%
1997 -4.82% -2.56%
1996 -2.96% 3.48%
1995 -0.71% 2.45%
1994 - -5.54%
1993 - -0.34%
1992 - -0.25%
1991 - 1.61%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Cyprus' government surplus, the difference between spending and revenue, was $1.23B, equivalent to 2.99% of GDP. This compares to Guinea-Bissau's deficit of $169M, or 6.69% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Guinea-Bissau ran a deficit in 28 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 3.64% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
Cyprus

Guinea-Bissau
1x
Year Consumer prices inflation
Cyprus Guinea-Bissau
2025 0.13% 0.9%
2024 1.8% 3.7%
2023 3.54% 7.2%
2022 8.4% 7.9%
2021 2.45% 3.3%
2020 -0.64% 1.5%
2019 0.25% 0.3%
2018 1.44% 0.4%
2017 0.53% -0.2%
2016 -1.43% 2.7%
2015 -2.1% 1.5%
2014 -1.35% -1%
2013 -0.4% 0.8%
2012 2.39% 2.1%
2011 3.29% 5.1%
2010 2.43% 1.1%
2009 0.33% -1.6%
2008 4.67% 10.4%
2007 2.37% 4.6%
2006 2.3% 2%
2005 2.56% 3.4%
2004 2.29% 0.8%
2003 4.14% -3.5%
2002 2.8% 3.3%
2001 1.97% 3.3%
2000 4.14% 8.6%
1999 1.63% -2.1%
1998 2.23% 8.1%
1997 3.61% 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/cyprus/guinea-bissau | CC BY

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 4.27% in Guinea-Bissau. In 2025, inflation was 0.13% in Cyprus and 0.9% in Guinea-Bissau.

Top exports between countries

Cyprus
Export category Export value
Machinery & equipment $342K
Chemicals & pharma $9K
Guinea-Bissau
Export category Export value

Balance of trade

Cyprus Guinea-Bissau
Current account balance
-$2.59B
2025
-$162M
2024
Current account balance ranking
149/190
2025
87/190
2024
Current account balance, % of GDP
-6.29%
2025
-7.36%
2024
Goods imports
$12.6B
2025
$414M
2024
Goods exports
$4.62B
2025
$229M
2024
Service imports
$25.3B
2025
$198M
2024
Service exports
$35.7B
2025
$51M
2024
Imports of goods and services, % of GDP
91.9%
2025
27%
2025
Exports of goods and services, % of GDP
97.6%
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.

Cyprus Guinea-Bissau
Economic freedom 74.1 43.2
Economic freedom ranking 21/197 181/197
Property rights 85.1 28.4
Government integrity 59.7 21
Judicial effectiveness 89.8 13.2
Tax burden 80.8 89
Government spending 52.1 86.5
Fiscal health 91.5 6.5
Business freedom 82.3 34.6
Labor freedom 60.3 55.9
Monetary freedom 78.7 75.9
Trade freedom 79.4 47
Investment freedom 70 30
Financial freedom 60 30

Economic freedom comparison by year

Cyprus
Guinea-Bissau
1x
Year Economic freedom index
Cyprus Guinea-Bissau
2026 74.1 43.2
2025 73.2 43.6
2024 72.2 42.7
2023 72.3 44.6
2022 72.9 46
2021 71.4 54.9
2020 70.1 53.3
2019 68.1 54
2018 67.8 56.9
2017 67.9 56.1
2016 68.7 51.8
2015 67.9 52
2014 67.6 51.3
2013 69 51.1
2012 71.8 50.1
2011 73.3 46.5
2010 70.9 43.6
2009 70.8 45.4
2008 71.3 44.4
2007 71.7 46.1
2006 71.8 46.5
2005 71.9 46
2004 74.1 42.6
2003 73.3 43.1
2002 73 42.3
2001 71 42.5
2000 67.2 34.7
1999 67.8 33.5
1998 68.2 -
1997 67.9 -
1996 67.7 -

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, 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

Cyprus Guinea-Bissau
Services, % of GDP
76.8%
2025
39.1%
2025
Industry, % of GDP
11.1%
2025
15.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
40.6%
2025
GNI, Atlas method
$35.6B
2025
$2.45B
2025
GNI per capita, PPP
$57,390
2025
$3,320
2025
Total reserves including gold
$2.95B
2025
n/a
Total reserves ranking
121/177
2025
n/a
Net foreign direct investment
-$9.59B
2025
-$26.3M
2024
Net inflows of foreign direct investment
-$50.4B
2024
$26.7M
2024
Net outflows of foreign direct investment
-$55.9B
2024
$389K
2024
Servicing debt to the IMF, % of GNI n/a
1.77%
2024
Poverty at national poverty lines
13.9%
2021
50.5%
2021
Gross capital formation, % of GDP
19.3%
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/cyprus/guinea-bissau | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, 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 (1991–1996, retrieved 2026-07-08)
  6. TradeMap (2024, 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.