Cyprus vs Guinea-Bissau: Economic Indicators Comparison

Cyprus with a GDP of $25B ranked the 109th largest economy in the world, while Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, Cyprus and Guinea-Bissau ranked 99th vs 44th and 36th vs 179th, respectively.

Gross Domestic Product & Income

StatCyprusGuinea-Bissau
GDP$25B$1.5B
GDP growth, 1 year3.9%3.8%
GDP growth, 5-years average2.8%4.6%
Population1.1M1.9M
GDP per capita$28k$778
GDP per capita growth2.75%1.24%
Purchasing Power Parity conversion factor0.63240.31
Price level ratio of PPP conversion factor GDP to market exchange rate0.740.43
GDP per capita, PPP adjusted$40k$1.9k
GNI, Atlas method$24.9B$1.4B
GNI per capita$26k$750
GNI, PPP adjusted$34.7B$3.4B
GNI per capita, PPP adjusted$35k$1.8k

Financial system and Human development

StatCyprusGuinea-Bissau
Income Tax Rate35%20%
Corporate Tax Rate12.5%25%
Inflation, consumer prices0.8%1.4%
Inflation, GDP deflator1.4%-0.4%
Unemployment8.1%4.1%
Economic Freedom Index70.153.3
Personal Freedom Index8.966.83
Human Freedom Index8.395.97
Property Rights Index77.441.3
Judical Effectiveness Index50.548.4
Business Freedom Index76.639.1
Fiscal Health Index8067.3
Labor Freedom Index59.761.2
Investment Freedom Index7530
Financial Freedom Index6030
Trade Freedom Index86.449
Monetary Freedom Index84.382.7
Government Spending Index58.686.7
Tax Burden Index74.888.7
Government Integrity Index57.614.8
Corruption Perceptions Index5916
Life expectancy at birth, years80.757.7
Suicide mortality rate, per 100,000 people5.34
Mortality caused by road traffic injury, per 100,000 people5.131.1
Intentional homicides, per 100,000 people0.61.1
International tourism, number of arrivals3.9M45k

Government debt & reserves

StatCyprusGuinea-Bissau
Central government debt, % of GDP102.5%56.1%
External debt stocks, % of GNIN/A28.9%
External debt stocksN/A$420.7M
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/A1.9%
Adjusted net savings including particulate emission damage, % of GNI3.2%-11%
Gross savings, % of GDP21.8%8.8%
Gross capital formation, % of GDP19.1%10.9%
Total reserves including gold$924.2MN/A
Foreign direct investment net inflows$5.2B$20.6M

Exports, imports and economic structure

StatCyprusGuinea-Bissau
Exports of goods and services, % of GDP73.1%25.3%
Imports of goods and services, % of GDP72.3%32.5%
Current account balance (balance of payments)-$1.1B-$54.1M
Revenue excluding grants, % of GDP37.4%12.7%
Grants excluding technical cooperation, BoP$34.2M$80M
Personal remittances received$497.8M$127.9M
Industry including construction value added, % of GDP12.2%12.6%
Agriculture, forestry and fishing value added, % of GDP2%47.5%
Charges for the use of intellectual property, payments BoP$127.2M$2.4k
Charges for the use of intellectual property, receipts BoP$174k$79k
Expense, % of GDP35.4%12.6%
Government Expenditure, % of GDP37.1%21.1%

Compare with countries close by GDP per capita

Cyprus vs

CountryGDP
per capita
Population
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M

Guinea-Bissau vs

CountryGDP
per capita
Population
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M