Skip to content

Guinea-Bissau's economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Guinea-Bissau ranked 178/197 by economy size with a GDP of $2.12B and 181/197 by GDP per capita at $963. Guinea-Bissau has $1.74B in government debt, with a debt-to-GDP ratio of 79.4%.

In 2025, Guinea-Bissau made up 0.002% of the world's economy, compared to 0.007% in 1970.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1970 $204,670,551 $309,755,919 -
1971 $204,167,297 $297,641,466 -0.25%
1972 $227,986,203 $316,615,695 11.7%
1973 $232,331,281 $320,129,790 1.91%
1974 $256,769,730 $334,725,279 10.5%
1975 $283,311,997 $360,986,433 10.3%
1976 $292,152,321 $378,831,635 3.12%
1977 $298,871,675 $351,669,142 2.3%
1978 $318,876,550 $397,829,386 6.69%
1979 $308,143,183 $405,762,679 -3.37%
1980 $287,648,258 $341,032,773 -6.65%
1981 $402,230,865 $402,989,997 39.8%
1982 $430,284,022 $419,915,908 6.97%
1983 $425,225,177 $405,645,959 -1.18%
1984 $359,980,491 $442,597,154 -15.3%
1985 $373,959,151 $461,037,933 3.88%
1986 $338,524,233 $457,377,994 -9.48%
1987 $451,893,375 $470,641,956 33.5%
1988 $427,514,322 $492,291,486 -5.39%
1989 $554,072,303 $522,321,267 29.6%
1990 $634,187,269 $554,182,864 14.5%
1991 $668,470,891 $582,446,190 5.41%
1992 $588,309,271 $588,853,098 -12%
1993 $615,779,519 $601,219,013 4.67%
1994 $612,502,085 $620,458,021 -0.53%
1995 $660,195,402 $647,758,174 7.79%
1996 $702,965,148 $722,898,123 6.48%
1997 $698,107,222 $769,886,501 -0.69%
1998 $591,034,143 $597,079,878 -15.3%
1999 $579,365,780 $697,478,986 -1.97%
2000 $391,345,597 $705,153,195 -32.5%
2001 $412,610,872 $738,901,627 5.43%
2002 $466,773,711 $765,900,620 13.1%
2003 $553,614,800 $763,710,673 18.6%
2004 $582,169,841 $772,660,533 5.16%
2005 $639,776,041 $823,345,296 9.9%
2006 $634,781,901 $845,299,839 -0.78%
2007 $753,162,998 $866,938,048 18.6%
2008 $952,667,544 $906,163,311 26.5%
2009 $890,167,833 $928,345,745 -6.56%
2010 $940,112,539 $980,382,895 5.61%
2011 $1,157,074,319 $1,059,647,261 23.1%
2012 $1,049,412,177 $1,041,496,885 -9.3%
2013 $1,109,682,824 $1,075,408,773 5.74%
2014 $1,135,250,721 $1,085,781,367 2.3%
2015 $1,152,384,167 $1,152,384,167 1.51%
2016 $1,245,074,264 $1,214,989,491 8.04%
2017 $1,469,978,606 $1,271,652,706 18.1%
2018 $1,554,133,594 $1,319,485,332 5.72%
2019 $1,588,767,976 $1,392,924,526 2.23%
2020 $1,683,619,352 $1,422,567,560 5.97%
2021 $1,878,659,687 $1,497,072,636 11.6%
2022 $1,839,048,748 $1,580,686,198 -2.11%
2023 $2,077,816,135 $1,651,243,277 13%
2024 $2,119,865,935 $1,730,725,641 2.02%

Economic Statistics of Guinea-Bissau

Guinea-Bissau Rank
Gross domestic product
$2.12B
2024
178/197
GDP growth
2.02%
2023-2024
162/196
GDP per capita
$963
2024
181/197
GDP per capita, PPP
$3,053
2024
179/197
Government debt
$1.74B
2024
161/185
Debt-to-GDP ratio
79.4%
2025
43/185
Government debt per person
$792
2024
150/185
Average annual personal income after taxes
$1,486
2025
185/197
Income share by richest 10%
26.1%
2021
100/169
Income share by poorest 10%
3.4%
2021
39/169
Government expenditure, % of GDP
18.5%
2025
165/195
Consumer prices inflation
2%
2024-2025
140/195
Unemployment rate
2.67%
2022
161/196
Population
2288306
146/197

Guinea-Bissau's GDP per capita

Guinea-Bissau has a GDP per capita of $963, ranking 181/197, a GDP per capita based on purchasing power parity (PPP) of $3,053, ranking 179/197, and a median annual after tax income of $1,486, ranking 185/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1970 $350 -
1971 $348 -
1972 $389 -
1973 $392 -
1974 $419 -
1975 $435 -
1976 $421 -
1977 $403 -
1978 $403 -
1979 $376 -
1980 $347 -
1981 $477 -
1982 $503 -
1983 $489 -
1984 $407 -
1985 $417 -
1986 $371 -
1987 $488 -
1988 $454 -
1989 $578 -
1990 $651 $824
1991 $672 $877
1992 $574 $880
1993 $582 $890
1994 $561 $909
1995 $589 $945
1996 $615 $1,052
1997 $599 $1,118
1998 $498 $861
1999 $479 $1,001
2000 $317 $1,014
2001 $327 $1,064
2002 $362 $1,095
2003 $420 $1,089
2004 $431 $1,105
2005 $463 $1,187
2006 $449 $1,226
2007 $519 $1,260
2008 $640 $1,309
2009 $583 $1,315
2010 $600 $1,370
2011 $720 $1,472
2012 $635 $1,402
2013 $654 $1,416
2014 $652 $1,456
2015 $645 $1,730
2016 $680 $1,824
2017 $783 $2,082
2018 $809 $2,058
2019 $807 $2,237
2020 $836 $2,310
2021 $912 $2,484
2022 $873 $2,747
2023 $965 $2,907
2024 $963 $3,053

Guinea-Bissau's government spending, deficit, and chart

This chart shows Guinea-Bissau's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 years — average annual deficit equal to -3.25% of GDP. In 2024, government spending reached $443M (18.5% of GDP), with a deficit of -3.15%.

The national debt reached $1.74B, ranking 161st out of 185 countries by total size, with a debt-to-GDP ratio of 79.4%, ranking 43rd.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1991 9.19% 88.9% 1.61%
1992 10.1% 85.3% -0.25%
1993 13.1% 112.4% -0.34%
1994 18.4% 105.5% -5.54%
1995 8.14% 103.3% 2.45%
1996 8.93% 117.3% 3.48%
1997 12.7% 94.3% -2.56%
1998 8.72% 109.1% -5.95%
1999 12.1% 109.9% -4.06%
2000 23.5% 217.1% -2.8%
2001 19.1% 204.4% -1.83%
2002 14.1% 197.5% -3.7%
2003 17% 183.4% -5.63%
2004 23% 202% -5.92%
2005 20.2% 203.7% -4.96%
2006 19.8% 190.4% -4.57%
2007 23.7% 164% -8.77%
2008 21.8% 148.8% -0.73%
2009 20.6% 148.3% 2.68%
2010 18.5% 61.7% -0.23%
2011 17.3% 45.6% -1.35%
2012 13% 47.4% -2.12%
2013 12.4% 49.6% -1.67%
2014 23% 60.1% -2.44%
2015 21.5% 56.3% -3.16%
2016 20.5% 59.1% -5.34%
2017 18.1% 51.8% -1.32%
2018 19.5% 59.1% -4.76%
2019 18.8% 65.1% -3.86%
2020 25% 77.6% -9.64%
2021 25% 78.8% -5.88%
2022 21.3% 80.7% -6.06%
2023 21.9% 79.4% -8.15%
2024 20.9% 82.3% -7.26%
2025 18.5% 79.4% -3.15%

Inflation rate by year

Over the past 20 years, Guinea-Bissau has had an average annual inflation rate of 2.69%. In 2025, inflation was 2%. The bar chart below shows consumer price inflation by year.

Year Inflation
1980 64.8%
1981 41.9%
1982 16.5%
1983 23.3%
1984 64.9%
1985 112.7%
1986 26.5%
1987 86.8%
1988 60.3%
1989 80.8%
1990 33%
1991 57.6%
1992 69.4%
1993 48.2%
1994 15.2%
1995 45.1%
1996 50.9%
1997 49.1%
1998 8.1%
1999 -2.1%
2000 8.6%
2001 3.3%
2002 3.3%
2003 -3.5%
2004 0.8%
2005 3.4%
2006 2%
2007 4.6%
2008 10.4%
2009 -1.6%
2010 1.1%
2011 5.1%
2012 2.1%
2013 0.8%
2014 -1%
2015 1.5%
2016 2.7%
2017 -0.2%
2018 0.4%
2019 0.3%
2020 1.5%
2021 3.3%
2022 7.9%
2023 7.2%
2024 3.7%
2025 2%

Balance of trade

Guinea-Bissau Rank
Current account balance
-$160M
2023
93/189
Current account balance, % of GDP
-7.71%
2023
148/189
Goods imports
$403M
2023
175/188
Goods exports
$240M
2023
166/188
Service imports
$189M
2023
175/188
Service exports
$44.8M
2023
179/188
Imports of goods and services, % of GDP
28.2%
2024
140/180
Exports of goods and services, % of GDP
12.5%
2024
173/193

Guinea-Bissau's top 10 trading partners

Guinea-Bissau's biggest trading partner accounting for 28.2%% of all exports and imports is India, with a trade balance between the two of +$101M — Guinea-Bissau exports $108M worth of goods and services to India and imports $7.22M.

Below is the list of the top 10 trade partners of Guinea-Bissau.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 India $115M 28.2% $108M $7.22M Raw agricultural goods Raw agricultural goods
2 China $80.6M 19.7% $71.3M $9.32M Wood & paper products Raw agricultural goods
3 Portugal $63.4M 15.5% $0 $63.4M Animal & marine products Raw materials & minerals
4 Singapore $44M 10.7% $43.7M $273K Raw agricultural goods Processed food, beverages & tobacco
5 Senegal $28.4M 6.93% $0 $28.4M Animal & marine products Machinery & equipment
6 Vietnam $15M 3.67% $15M $9K Raw agricultural goods Processed food, beverages & tobacco
7 Pakistan $14.5M 3.53% $0 $14.5M Animal & marine products Raw agricultural goods
8 Netherlands $10.2M 2.5% $1.5M $8.74M Raw agricultural goods Raw agricultural goods
9 Gambia $6.18M 1.51% $0 $6.18M Animal & marine products Processed food, beverages & tobacco
10 UAE $4.83M 1.18% $4.17M $658K Raw agricultural goods Raw agricultural goods

Guinea-Bissau's top 7 exports

Guinea-Bissau Rank
Raw agricultural goods $168M 110/193
Wood & paper products $77M 102/192
Transport & tourism services $16.6M 178/188
IT & IP services $11M 154/183
Business & finance services $6.54M 175/188
Government & miscellaneous services $2.18M 165/180
Manufacturing & construction services $819K 152/164

Guinea-Bissau's top 10 imports

Guinea-Bissau Rank
Transport & tourism services $127M 173/188
Raw agricultural goods $39.7M 174/193
Raw materials & minerals $39.4M 184/193
Machinery & equipment $28.9M 189/193
Processed food, beverages & tobacco $23.4M 189/193
IT & IP services $19.1M 158/182
Textiles & consumer goods $9.43M 189/193
Chemicals & pharma $8.5M 190/193
Metals $8.16M 186/193
Business & finance services $7.67M 185/188

Economic freedom indices

Guinea-Bissau Rank
Economic freedom 43.6 183/197
Property rights 26.5 153/182
Government integrity 20.4 153/182
Judicial effectiveness 14 153/182
Tax burden 88.9 38/181
Government spending 84.5 47/180
Fiscal health 15.6 158/181
Business freedom 35.1 166/182
Labor freedom 54.8 118/182
Monetary freedom 73.3 65/180
Trade freedom 50.6 168/181
Investment freedom 30 152/181
Financial freedom 30 139/181

Guinea-Bissau's economic freedom by year

Guinea-Bissau is ranked 169/180 for economic freedom with a score of 43.6, compared to 148/163 and a score of 46 in 2005.

Economic freedom
Judicial effectiveness
Tax burden
Government spending
Fiscal health
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
1999 33.5 - 65.5 65.9 -
2000 34.7 - 65.4 67.3 -
2001 42.5 - 65.9 81.3 -
2002 42.3 - 65.1 79.7 -
2003 43.1 - 82.5 47.3 -
2004 42.6 - 82.7 46.8 -
2005 46 - 83 65.9 -
2006 46.5 - 81 58.7 -
2007 46.1 - 82.9 51 -
2008 44.4 - 88.4 56.5 -
2009 45.4 - 88.4 49.1 -
2010 43.6 - 88.6 47.3 -
2011 46.5 - 88.7 54.8 -
2012 50.1 - 88.7 63.3 -
2013 51.1 - 89.1 82 -
2014 51.3 - 89 86.6 -
2015 52 - 89.1 88 -
2016 51.8 - 89.3 94.1 -
2017 56.1 48.7 89 87.5 75.3
2018 56.9 53.5 86.4 85.6 87.1
2019 54 42.9 88.8 86.7 81.4
2020 53.3 48.4 88.7 86.7 67.3
2021 54.9 50.8 88.7 88.7 69.6
2022 46 14 88.8 85.8 31.3
2023 44.6 18.7 89.1 84.2 22.2
2024 42.7 14.7 88.9 83.1 7.1
2025 43.6 14 88.9 84.5 15.6

More economic indicators

Guinea-Bissau Rank
Services, % of GDP
42.1%
2024
171/191
Industry, % of GDP
16.6%
2024
155/194
Agriculture, forestry, and fishing, % of GDP
36.8%
2024
3/193
GNI, Atlas method
$2.12B
2024
176/194
GNI per capita, PPP
$3,080
2024
174/191
Net foreign direct investment
-$24.8M
2023
52/188
Net inflows of foreign direct investment
$26.6M
2024
162/193
Net outflows of foreign direct investment
$383K
2024
147/187
Servicing debt to the IMF, % of GNI
2.76%
2023
79/119
Poverty at national poverty lines
50.5%
2021
23/176
Gross capital formation, % of GDP
20.9%
2024
116/176

Compare countries by 7 more topics

GDP per capita map

GDP per capita

Economy comparisons

Economy vs Guinea-Bissau
Afghanistan Compare
Albania Compare
Algeria Compare
Andorra Compare
Angola Compare
Antigua Compare
Argentina Compare
Armenia Compare
Australia Compare
Austria Compare
Azerbaijan Compare
Bahamas Compare
Bahrain Compare
Bangladesh Compare
Barbados Compare
Belarus Compare
Belgium Compare
Belize Compare
Benin Compare
Bhutan Compare
Bolivia Compare
Bosnia Compare
Botswana Compare
Brazil Compare
Brunei Compare
Bulgaria Compare
Burkina Faso Compare
Burundi Compare
Cambodia Compare
Cameroon Compare
Canada Compare
Cape Verde Compare
Cayman Islands Compare
CAR Compare
Chad Compare
Chile Compare
China Compare
Colombia Compare
Comoros Compare
Congo Compare
Costa Rica Compare
Croatia Compare
Cuba Compare
Curacao Compare
Cyprus Compare
Czech Republic Compare
DR Congo Compare
Denmark Compare
Djibouti Compare
Dominica Compare
Dominican Republic Compare
East Timor Compare
Ecuador Compare
Egypt Compare
El Salvador Compare
Equatorial Guinea Compare
Eritrea Compare
Estonia Compare
Eswatini Compare
Ethiopia Compare
Fiji Compare
Finland Compare
France Compare
Gabon Compare
Gambia Compare
Georgia Compare
Germany Compare
Ghana Compare
Greece Compare
Grenada Compare
Guatemala Compare
Guinea Compare
Guyana Compare
Haiti Compare
Honduras Compare
Hungary Compare
Iceland Compare
India Compare
Indonesia Compare
Iran Compare
Iraq Compare
Ireland Compare
Israel Compare
Italy Compare
Ivory Coast Compare
Jamaica Compare
Japan Compare
Jordan Compare
Kazakhstan Compare
Kenya Compare
Kiribati Compare
Kuwait Compare
Kyrgyzstan Compare
Laos Compare
Latvia Compare
Lebanon Compare
Lesotho Compare
Liberia Compare
Libya Compare
Liechtenstein Compare
Lithuania Compare
Luxembourg Compare
Madagascar Compare
Malawi Compare
Malaysia Compare
Maldives Compare
Mali Compare
Malta Compare
Marshall Islands Compare
Mauritania Compare
Mauritius Compare
Mexico Compare
Moldova Compare
Monaco Compare
Mongolia Compare
Montenegro Compare
Morocco Compare
Mozambique Compare
Myanmar Compare
Namibia Compare
Nauru Compare
Nepal Compare
Netherlands Compare
New Zealand Compare
Nicaragua Compare
Niger Compare
Nigeria Compare
North Korea Compare
North Macedonia Compare
Norway Compare
Oman Compare
Pakistan Compare
Palau Compare
Palestine Compare
Panama Compare
Papua New Guinea Compare
Paraguay Compare
Peru Compare
Philippines Compare
Poland Compare
Portugal Compare
Qatar Compare
Romania Compare
Russia Compare
Rwanda Compare
Saint Kitts Compare
Saint Lucia Compare
Saint Vincent Compare
Samoa Compare
San Marino Compare
Sao Tome Compare
Saudi Arabia Compare
Senegal Compare
Serbia Compare
Seychelles Compare
Sierra Leone Compare
Singapore Compare
Slovakia Compare
Slovenia Compare
Solomon Islands Compare
Somalia Compare
South Africa Compare
South Korea Compare
South Sudan Compare
Spain Compare
Sri Lanka Compare
Sudan Compare
Suriname Compare
Sweden Compare
Switzerland Compare
Syria Compare
Taiwan Compare
Tajikistan Compare
Tanzania Compare
Thailand Compare
Togo Compare
Tonga Compare
Trinidad Compare
Tunisia Compare
Turkey Compare
Turkmenistan Compare
Tuvalu Compare
Uganda Compare
Ukraine Compare
UAE Compare
United Kingdom Compare
United States Compare
Uruguay Compare
Uzbekistan Compare
Vanuatu Compare
Vatican Compare
Venezuela Compare
Vietnam Compare
Yemen Compare
Zambia Compare
Zimbabwe Compare

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.