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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $1.45T for Indonesia, ranking 176/197 and 17/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $593B (41% of GDP) in Indonesia.

Guinea-Bissau vs Indonesia GDP by year

Guinea-Bissau
Indonesia
1x
Year GDP, current $
Guinea-Bissau Indonesia
2025 $2,527,930,273 $1,445,642,584,164
2024 $2,197,777,210 $1,396,301,788,462
2023 $2,076,748,678 $1,371,166,925,750
2022 $1,856,239,955 $1,319,101,183,380
2021 $1,907,611,288 $1,186,509,691,087
2020 $1,705,062,170 $1,059,054,842,698
2019 $1,596,214,680 $1,119,099,871,350
2018 $1,554,133,594 $1,042,271,532,989
2017 $1,469,978,606 $1,015,618,744,160
2016 $1,245,074,264 $931,877,364,038
2015 $1,152,384,167 $860,854,232,686
2014 $1,135,250,721 $890,814,755,534
2013 $1,109,682,824 $912,524,136,718
2012 $1,049,412,177 $917,869,913,333
2011 $1,157,074,319 $892,969,104,563
2010 $940,112,539 $755,094,157,622
2009 $890,167,833 $539,580,085,612
2008 $952,667,544 $510,228,634,992
2007 $753,162,998 $432,216,737,775
2006 $634,781,901 $364,570,515,618
2005 $639,776,041 $285,868,619,196
2004 $582,169,841 $256,836,875,295
2003 $553,614,800 $234,772,463,824
2002 $466,773,711 $195,660,611,165
2001 $412,610,872 $160,446,947,785
2000 $391,345,597 $165,021,012,078
1999 $579,365,780 $140,001,351,215
1998 $591,034,143 $95,445,547,873
1997 $698,107,222 $215,748,998,610
1996 $702,965,148 $227,369,679,375
1995 $660,195,402 $202,132,028,723
1994 $612,502,085 $176,892,143,932
1993 $615,779,519 $158,006,700,302
1992 $588,309,271 $128,026,966,580
1991 $668,470,891 $116,621,996,217
1990 $634,187,269 $106,140,727,334
1989 $554,072,303 $94,451,427,877
1988 $427,514,322 $84,300,174,486
1987 $451,893,375 $75,929,617,558
1986 $338,524,233 $79,954,072,545
1985 $373,959,151 $85,289,488,375
1984 $359,980,491 $84,853,700,028
1983 $425,225,177 $81,052,283,384
1982 $430,284,022 $90,158,449,295
1981 $402,230,865 $85,518,233,419
1980 $287,648,258 $72,482,337,397
1979 $308,143,183 $51,400,186,343
1978 $318,876,550 $51,455,719,076
1977 $298,871,675 $45,808,915,663
1976 $292,152,321 $37,269,156,627
1975 $283,311,997 $30,463,855,422
1974 $256,769,730 $25,802,409,639
1973 $232,331,281 $16,273,253,012
1972 $227,986,203 $10,997,590,361
1971 $204,167,297 $9,333,536,370
1970 $204,670,551 $9,150,684,932
1969 - $8,337,423,313
1968 - $7,076,465,300
1967 - $5,667,756,628

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea-Bissau vs Indonesia by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $5,060 -
2024 $998 $3,119 $4,925 $16,448
2023 $964 $2,990 $4,876 $15,416
2022 $882 $2,789 $4,731 $14,285
2021 $927 $2,523 $4,287 $12,757
2020 $847 $2,340 $3,854 $11,729
2019 $811 $2,247 $4,107 $11,986
2018 $809 $2,058 $3,861 $11,372
2017 $783 $2,082 $3,799 $10,688
2016 $680 $1,824 $3,521 $10,263
2015 $645 $1,730 $3,288 $10,028
2014 $652 $1,456 $3,441 $10,065
2013 $654 $1,416 $3,567 $9,866
2012 $635 $1,402 $3,632 $9,530
2011 $720 $1,472 $3,579 $8,937
2010 $600 $1,370 $3,066 $8,353
2009 $583 $1,315 $2,218 $7,868
2008 $640 $1,309 $2,125 $7,569
2007 $519 $1,260 $1,823 $7,096
2006 $449 $1,226 $1,558 $6,583
2005 $463 $1,187 $1,238 $6,134
2004 $431 $1,105 $1,127 $5,700
2003 $420 $1,089 $1,043 $5,353
2002 $362 $1,095 $881 $5,076
2001 $327 $1,064 $732 $4,849
2000 $317 $1,014 $764 $4,639
1999 $479 $1,001 $657 $4,386
1998 $498 $861 $455 $4,356
1997 $599 $1,118 $1,045 $5,037
1996 $615 $1,052 $1,119 $4,807
1995 $589 $945 $1,011 $4,451
1994 $561 $909 $900 $4,096
1993 $582 $890 $817 $3,793
1992 $574 $880 $674 $3,538
1991 $672 $877 $624 $3,305
1990 $651 $824 $578 $3,044
1989 $578 - $524 -
1988 $454 - $477 -
1987 $488 - $438 -
1986 $371 - $470 -
1985 $417 - $511 -
1984 $407 - $520 -
1983 $489 - $508 -
1982 $503 - $578 -
1981 $477 - $561 -
1980 $347 - $487 -
1979 $376 - $353 -
1978 $403 - $362 -
1977 $403 - $331 -
1976 $421 - $275.7 -
1975 $435 - $231.1 -
1974 $419 - $200.7 -
1973 $392 - $129.9 -
1972 $389 - $90.1 -
1971 $348 - $78.5 -
1970 $350 - $79.1 -
1969 - - $74.1 -
1968 - - $64.7 -
1967 - - $53.2 -

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $5,060 in Indonesia, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Indonesia ranks 107th at $16,448.

Economic indicators

Guinea-Bissau Indonesia
Gross domestic product
$2.53B
2025
$1.45T
2025
GDP rank
176/197
2025
17/197
2025
GDP growth
5.82%
2024-2025
5.11%
2024-2025
GDP per capita
$1,124
2025
$5,060
2025
GDP per capita rank
177/197
2025
123/197
2025
GDP per capita, PPP
$3,119
2024
$16,448
2024
GDP per capita PPP rank
179/197
2024
107/197
2024
Government debt
$1.9B
2025
$593B
2025
Debt-to-GDP ratio
75.3%
2025
41%
2025
Government debt per person
$846
2025
$2,076
2025
Government debt per person rank
149/185
2025
119/185
2025
Average annual personal income after taxes
$1,483
2026
$3,470
2026
Market capitalization of domestic companies n/a
$950B
2025
Number of millionaires n/a
178,605
2024
Number of billionaires n/a
33
2026
Income share by richest 10%
26.1%
2021
28.7%
2025
Income share by poorest 10%
3.4%
2021
3.5%
2025
Government expenditure, % of GDP
19.9%
2025
16.2%
2025
Consumer prices inflation
0.9%
2024-2025
1.91%
2024-2025
Central bank interest rate n/a
5.5%
2026
Unemployment rate
2.67%
2022
3.31%
2023
Population
2323460
289027659

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Indonesia
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 16.2% 41%
2024 20.4% 82.4% 16.9% 40.2%
2023 21.9% 79.4% 16.6% 39.6%
2022 21.3% 80.7% 17.3% 40.1%
2021 25% 78.8% 18.1% 41.1%
2020 25% 77.6% 18.4% 39.7%
2019 18.8% 65.1% 16.4% 30.6%
2018 19.5% 59.1% 16.6% 30.4%
2017 18.1% 51.8% 16.4% 29.4%
2016 20.5% 59.1% 16.9% 28%
2015 21.5% 56.3% 17.6% 27%
2014 23% 60.1% 18.4% 24.6%
2013 12.4% 49.6% 18.8% 24.9%
2012 13% 47.4% 18.8% 23%
2011 17.3% 45.6% 17.7% 23.1%
2010 18.5% 61.7% 16.9% 26.4%
2009 20.6% 148.3% 17% 26.5%
2008 21.8% 148.8% 19.4% 30.3%
2007 23.7% 164% 18.7% 38.1%
2006 19.8% 190.4% 18.4% 35.8%
2005 20.2% 203.7% 17.4% 42.6%
2004 23% 202% 17.8% 51.3%
2003 17% 183.4% 18.2% 55.6%
2002 14.1% 197.5% 16.9% 62.3%
2001 19.1% 204.4% 19.5% 73.7%
2000 23.5% 217.1% 15.3% 87.4%
1999 12.1% 109.9% 15.1% 95.9%
1998 8.72% 109.1% 15.1% 72.5%
1997 12.7% 94.3% 15.2% 26.4%
1996 8.93% 117.3% 11.5% 27.5%
1995 8.14% 103.3% 11.9% 32%
1994 18.4% 105.5% 13.5% 37%
1993 13.1% 112.4% 14.1% 40.4%
1992 10.1% 85.3% 16.8% 42.6%
1991 9.19% 88.9% 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Indonesia spent $234B, or 16.2% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 41% in Indonesia, ranking 49/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Indonesia
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Indonesia
2025 -6.69% -2.92%
2024 -7.26% -2.28%
2023 -8.15% -1.64%
2022 -6.06% -2.31%
2021 -5.88% -4.4%
2020 -9.64% -6.07%
2019 -3.86% -2.09%
2018 -4.76% -1.69%
2017 -1.32% -2.26%
2016 -5.34% -2.56%
2015 -3.16% -2.72%
2014 -2.44% -1.8%
2013 -1.67% -1.96%
2012 -2.12% -1.59%
2011 -1.35% -0.7%
2010 -0.23% -1.24%
2009 2.68% -1.64%
2008 -0.73% 0.05%
2007 -8.77% -0.95%
2006 -4.57% 0.45%
2005 -4.96% 0.46%
2004 -5.92% -0.26%
2003 -5.63% -1.08%
2002 -3.7% -0.58%
2001 -1.83% -1.76%
2000 -2.8% -1.87%
1999 -4.06% -0.96%
1998 -5.95% -1.89%
1997 -2.56% -1.03%
1996 3.48% 0.96%
1995 2.45% 0.64%
1994 -5.54% 0.005%
1993 -0.34% -0.59%
1992 -0.25% -1.54%
1991 1.61% 0.51%
1990 - 0.97%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government deficit, the difference between spending and revenue, was $169M, equivalent to 6.69% of GDP. This compares to Indonesia's deficit of $42.2B, or 2.92% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Indonesia ran a deficit in 28 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to deficit of 1.41% of GDP for Indonesia.

Inflation comparison by year

Inflation
Guinea-Bissau

Indonesia
1x
Year Consumer prices inflation
Guinea-Bissau Indonesia
2025 0.9% 1.91%
2024 3.7% 2.18%
2023 7.2% 3.67%
2022 7.9% 4.21%
2021 3.3% 1.56%
2020 1.5% 1.92%
2019 0.3% 3.03%
2018 0.4% 3.2%
2017 -0.2% 3.81%
2016 2.7% 3.53%
2015 1.5% 6.36%
2014 -1% 6.39%
2013 0.8% 6.41%
2012 2.1% 4.28%
2011 5.1% 5.36%
2010 1.1% 5.13%
2009 -1.6% 4.39%
2008 10.4% 10.2%
2007 4.6% 6.41%
2006 2% 13.1%
2005 3.4% 10.5%
2004 0.8% 6.06%
2003 -3.5% 6.76%
2002 3.3% 11.9%
2001 3.3% 11.5%
2000 8.6% 3.69%
1999 -2.1% 20.5%
1998 8.1% 58.5%
1997 49.1% 6.23%

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/guinea-bissau/indonesia | CC BY

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 8.02% in Indonesia. In 2025, inflation was 0.9% in Guinea-Bissau and 1.91% in Indonesia.

Top exports between countries

Guinea-Bissau
Export category Export value
Indonesia
Export category Export value
Chemicals & pharma $1.1M
Processed food, beverages & tobacco $972K
Machinery & equipment $167K
Textiles & consumer goods $19K
Wood & paper products $15K

Balance of trade

Guinea-Bissau Indonesia
Current account balance
-$162M
2024
-$1.52B
2025
Current account balance ranking
87/190
2024
129/190
2025
Current account balance, % of GDP
-7.36%
2024
-0.11%
2025
Goods imports
$414M
2024
$231B
2025
Goods exports
$229M
2024
$280B
2025
Service imports
$198M
2024
$63B
2025
Service exports
$51M
2024
$42.5B
2025
Imports of goods and services, % of GDP
27%
2025
20.5%
2025
Exports of goods and services, % of GDP
13.9%
2025
22.8%
2025

Economic freedom indices

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

Guinea-Bissau Indonesia
Economic freedom 43.2 65.1
Economic freedom ranking 181/197 67/197
Property rights 28.4 39.7
Government integrity 21 42
Judicial effectiveness 13.2 43.1
Tax burden 89 81.5
Government spending 86.5 91.4
Fiscal health 6.5 89.8
Business freedom 34.6 69.2
Labor freedom 55.9 56.8
Monetary freedom 75.9 79.4
Trade freedom 47 78.6
Investment freedom 30 50
Financial freedom 30 60

Economic freedom comparison by year

Guinea-Bissau
Indonesia
1x
Year Economic freedom index
Guinea-Bissau Indonesia
2026 43.2 65.1
2025 43.6 65.2
2024 42.7 63.5
2023 44.6 63.5
2022 46 64.4
2021 54.9 66.9
2020 53.3 67.2
2019 54 65.8
2018 56.9 64.2
2017 56.1 61.9
2016 51.8 59.4
2015 52 58.1
2014 51.3 58.5
2013 51.1 56.9
2012 50.1 56.4
2011 46.5 56
2010 43.6 55.5
2009 45.4 53.4
2008 44.4 53.2
2007 46.1 53.2
2006 46.5 51.9
2005 46 52.9
2004 42.6 52.1
2003 43.1 55.8
2002 42.3 54.8
2001 42.5 52.5
2000 34.7 55.2
1999 33.5 61.5
1998 - 63.4
1997 - 62
1996 - 61
1995 - 54.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Indonesia
Services, % of GDP
39.1%
2025
43.9%
2025
Industry, % of GDP
15.7%
2025
38.7%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
13.1%
2025
GNI, Atlas method
$2.45B
2025
$1.46T
2025
GNI per capita, PPP
$3,320
2025
$17,190
2025
Total reserves including gold n/a
$157B
2025
Total reserves ranking n/a
22/177
2025
Net foreign direct investment
-$26.3M
2024
-$14.4B
2025
Net inflows of foreign direct investment
$26.7M
2024
$24.3B
2024
Net outflows of foreign direct investment
$389K
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
5.64%
2024
Poverty at national poverty lines
50.5%
2021
9%
2024
Gross capital formation, % of GDP
25.8%
2025
30.6%
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/guinea-bissau/indonesia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2025, 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.