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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $22.7B for Jamaica, ranking 176/197 and 125/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $15.4B (67.7% of GDP) in Jamaica.

Guinea-Bissau vs Jamaica GDP by year

Guinea-Bissau
Jamaica
1x
Year GDP, current $
Guinea-Bissau Jamaica
2025 $2,527,930,273 $22,704,903,218
2024 $2,197,777,210 $22,014,429,051
2023 $2,076,748,678 $21,418,797,833
2022 $1,856,239,955 $18,813,516,805
2021 $1,907,611,288 $15,963,885,376
2020 $1,705,062,170 $15,000,214,216
2019 $1,596,214,680 $17,026,269,263
2018 $1,554,133,594 $16,855,447,986
2017 $1,469,978,606 $15,783,583,237
2016 $1,245,074,264 $14,898,999,754
2015 $1,152,384,167 $14,963,589,916
2014 $1,135,250,721 $13,899,217,680
2013 $1,109,682,824 $14,264,205,153
2012 $1,049,412,177 $14,807,086,556
2011 $1,157,074,319 $14,444,661,522
2010 $940,112,539 $13,220,549,908
2009 $890,167,833 $12,120,458,115
2008 $952,667,544 $13,709,401,520
2007 $753,162,998 $12,799,600,047
2006 $634,781,901 $11,930,179,090
2005 $639,776,041 $11,243,865,778
2004 $582,169,841 $10,174,664,854
2003 $553,614,800 $9,430,234,811
2002 $466,773,711 $9,719,009,495
2001 $412,610,872 $9,194,727,831
2000 $391,345,597 $9,005,064,475
1999 $579,365,780 $8,887,057,997
1998 $591,034,143 $8,787,195,622
1997 $698,107,222 $8,400,041,724
1996 $702,965,148 $7,393,891,921
1995 $660,195,402 $6,577,520,643
1994 $612,502,085 $5,452,558,947
1993 $615,779,519 $5,440,075,676
1992 $588,309,271 $3,535,460,090
1991 $668,470,891 $4,106,207,649
1990 $634,187,269 $4,592,208,087
1989 $554,072,303 $4,404,937,853
1988 $427,514,322 $3,828,342,820
1987 $451,893,375 $3,287,007,322
1986 $338,524,233 $2,754,549,582
1985 $373,959,151 $2,100,239,019
1984 $359,980,491 $2,373,564,549
1983 $425,225,177 $3,619,262,277
1982 $430,284,022 $3,293,496,312
1981 $402,230,865 $2,979,027,966
1980 $287,648,258 $2,679,379,372
1979 $308,143,183 $2,425,064,229
1978 $318,876,550 $2,644,527,822
1977 $298,871,675 $3,249,733,140
1976 $292,152,321 $2,966,042,856
1975 $283,311,997 $2,860,442,750
1974 $256,769,730 $2,375,122,375
1973 $232,331,281 $1,905,917,553
1972 $227,986,203 $1,875,146,587
1971 $204,167,297 $1,539,861,816
1970 $204,670,551 $1,404,720,442
1969 - $1,191,239,047
1968 - $1,083,839,133
1967 - $1,148,014,311
1966 - $1,096,759,561
1965 - $972,159,611
1964 - $897,949,001
1963 - $826,706,669
1962 - $777,727,689
1961 - $748,043,501
1960 - $699,064,380

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea-Bissau vs Jamaica by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Jamaica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Jamaica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $8,003 -
2024 $998 $3,119 $7,754 $12,890
2023 $964 $2,990 $7,542 $12,651
2022 $882 $2,789 $6,626 $11,888
2021 $927 $2,523 $5,626 $10,431
2020 $847 $2,340 $5,299 $9,764
2019 $811 $2,247 $6,031 $10,845
2018 $809 $2,058 $5,977 $10,753
2017 $783 $2,082 $5,605 $10,466
2016 $680 $1,824 $5,302 $9,948
2015 $645 $1,730 $5,339 $9,476
2014 $652 $1,456 $4,975 $9,210
2013 $654 $1,416 $5,124 $9,101
2012 $635 $1,402 $5,341 $8,831
2011 $720 $1,472 $5,233 $8,809
2010 $600 $1,370 $4,810 $8,521
2009 $583 $1,315 $4,428 $8,580
2008 $640 $1,309 $5,030 $8,952
2007 $519 $1,260 $4,716 $8,893
2006 $449 $1,226 $4,417 $8,577
2005 $463 $1,187 $4,184 $8,127
2004 $431 $1,105 $3,808 $7,854
2003 $420 $1,089 $3,550 $7,593
2002 $362 $1,095 $3,681 $7,226
2001 $327 $1,064 $3,504 $7,019
2000 $317 $1,014 $3,453 $6,816
1999 $479 $1,001 $3,432 $6,653
1998 $498 $861 $3,419 $6,543
1997 $599 $1,118 $3,297 $6,682
1996 $615 $1,052 $2,929 $6,706
1995 $589 $945 $2,631 $6,657
1994 $561 $909 $2,203 $6,435
1993 $582 $890 $2,221 $6,279
1992 $574 $880 $1,458 $5,664
1991 $672 $877 $1,710 $5,485
1990 $651 $824 $1,930 $5,106
1989 $578 - $1,865 -
1988 $454 - $1,632 -
1987 $488 - $1,411 -
1986 $371 - $1,191 -
1985 $417 - $917 -
1984 $407 - $1,048 -
1983 $489 - $1,619 -
1982 $503 - $1,494 -
1981 $477 - $1,370 -
1980 $347 - $1,249 -
1979 $376 - $1,144 -
1978 $403 - $1,262 -
1977 $403 - $1,569 -
1976 $421 - $1,450 -
1975 $435 - $1,417 -
1974 $419 - $1,193 -
1973 $392 - $972 -
1972 $389 - $971 -
1971 $348 - $809 -
1970 $350 - $748 -
1969 - - $642 -
1968 - - $591 -
1967 - - $633 -
1966 - - $612 -
1965 - - $549 -
1964 - - $514 -
1963 - - $480 -
1962 - - $458 -
1961 - - $447 -
1960 - - $424 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $8,003 in Jamaica, ranking 98/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Jamaica ranks 121st at $12,890.

Economic indicators

Guinea-Bissau Jamaica
Gross domestic product
$2.53B
2025
$22.7B
2025
GDP rank
176/197
2025
125/197
2025
GDP growth
5.82%
2024-2025
0.08%
2024-2025
GDP per capita
$1,124
2025
$8,003
2025
GDP per capita rank
177/197
2025
98/197
2025
GDP per capita, PPP
$3,119
2024
$12,890
2024
GDP per capita PPP rank
179/197
2024
121/197
2024
Government debt
$1.9B
2025
$15.4B
2025
Debt-to-GDP ratio
75.3%
2025
67.7%
2025
Government debt per person
$846
2025
$5,419
2025
Government debt per person rank
149/185
2025
80/185
2025
Average annual personal income after taxes
$1,483
2026
$8,390
2026
Market capitalization of domestic companies n/a
$11.6B
2025
Income share by richest 10%
26.1%
2021
29.6%
2021
Income share by poorest 10%
3.4%
2021
2.2%
2021
Government expenditure, % of GDP
19.9%
2025
33.8%
2025
Consumer prices inflation
0.9%
2024-2025
4%
2024-2025
Central bank interest rate n/a
5.75%
2025
Unemployment rate
2.67%
2022
3.02%
2023
Population
2323460
2834177

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Jamaica
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Jamaica
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 33.8% 67.7%
2024 20.4% 82.4% 30.1% 62.5%
2023 21.9% 79.4% 27.7% 66.5%
2022 21.3% 80.7% 27.1% 70.2%
2021 25% 78.8% 27.6% 86.3%
2020 25% 77.6% 30.1% 101.3%
2019 18.8% 65.1% 27.5% 87.7%
2018 19.5% 59.1% 27.5% 88.3%
2017 18.1% 51.8% 26.9% 95.1%
2016 20.5% 59.1% 26.5% 106.9%
2015 21.5% 56.3% 25.9% 115.9%
2014 23% 60.1% 26.1% 134.4%
2013 12.4% 49.6% 26.3% 135.2%
2012 13% 47.4% 29.1% 140.3%
2011 17.3% 45.6% 31.2% 135.9%
2010 18.5% 61.7% 32.3% 137.8%
2009 20.6% 148.3% 37.7% 138.3%
2008 21.8% 148.8% 33.9% 123.8%
2007 23.7% 164% 30.6% 111.6%
2006 19.8% 190.4% 30.1% 114.2%
2005 20.2% 203.7% 28.6% 121.5%
2004 23% 202% 30.7% 116.9%
2003 17% 183.4% 31.1% 120.1%
2002 14.1% 197.5% 30.1% 115.4%
2001 19.1% 204.4% 27.8% 105.3%
2000 23.5% 217.1% 25.7% 89.5%
1999 12.1% 109.9% 27.9% 80.7%
1998 8.72% 109.1% 27.9% 75.6%
1997 12.7% 94.3% 27.6% 74.4%
1996 8.93% 117.3% 27.4% 70.2%
1995 8.14% 103.3% 22.1% 85.2%
1994 18.4% 105.5% 19.9% 90.4%
1993 13.1% 112.4% 19.6% 106.2%
1992 10.1% 85.3% 18.2% 100.4%
1991 9.19% 88.9% 19.9% 175.1%
1990 - - 22.6% 128.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Jamaica spent $7.68B, or 33.8% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 67.7% in Jamaica, ranking 49/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Jamaica
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Jamaica
2025 -6.69% -3.77%
2024 -7.26% 0.22%
2023 -8.15% 0.04%
2022 -6.06% 0.26%
2021 -5.88% 0.84%
2020 -9.64% -2.87%
2019 -3.86% 0.85%
2018 -4.76% 1.1%
2017 -1.32% 0.42%
2016 -5.34% -0.18%
2015 -3.16% -0.28%
2014 -2.44% -0.48%
2013 -1.67% 0.12%
2012 -2.12% -3.97%
2011 -1.35% -6.24%
2010 -0.23% -6.17%
2009 2.68% -10.8%
2008 -0.73% -7.32%
2007 -8.77% -3.7%
2006 -4.57% -4.74%
2005 -4.96% -3.22%
2004 -5.92% -4.56%
2003 -5.63% -5.42%
2002 -3.7% -6.55%
2001 -1.83% -4.77%
2000 -2.8% -0.78%
1999 -4.06% -3.41%
1998 -5.95% -5.73%
1997 -2.56% -6.39%
1996 3.48% -5.25%
1995 2.45% 1.53%
1994 -5.54% 2.4%
1993 -0.34% 2.37%
1992 -0.25% 2.83%
1991 1.61% 3.14%
1990 - 2.06%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/jamaica | 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 Jamaica's deficit of $856M, or 3.77% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Jamaica ran a deficit in 22 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to deficit of 2.3% of GDP for Jamaica.

Inflation comparison by year

Inflation
Guinea-Bissau

Jamaica
1x
Year Consumer prices inflation
Guinea-Bissau Jamaica
2025 0.9% 4%
2024 3.7% 5.41%
2023 7.2% 6.47%
2022 7.9% 10.3%
2021 3.3% 5.86%
2020 1.5% 5.23%
2019 0.3% 3.91%
2018 0.4% 3.74%
2017 -0.2% 4.38%
2016 2.7% 2.35%
2015 1.5% 3.69%
2014 -1% 8.27%
2013 0.8% 9.34%
2012 2.1% 6.87%
2011 5.1% 7.56%
2010 1.1% 12.6%
2009 -1.6% 9.59%
2008 10.4% 22%
2007 4.6% 9.24%
2006 2% 8.56%
2005 3.4% 15.1%
2004 0.8% 13.6%
2003 -3.5% 10.1%
2002 3.3% 7.08%
2001 3.3% 6.8%
2000 8.6% 8.17%
1999 -2.1% 5.95%
1998 8.1% 8.63%
1997 49.1% 9.66%

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/jamaica | CC BY

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 8.08% in Jamaica. In 2025, inflation was 0.9% in Guinea-Bissau and 4% in Jamaica.

Balance of trade

Guinea-Bissau Jamaica
Current account balance
-$162M
2024
$679M
2024
Current account balance ranking
87/190
2024
53/190
2024
Current account balance, % of GDP
-7.36%
2024
+3.08%
2024
Goods imports
$414M
2024
$6.07B
2024
Goods exports
$229M
2024
$1.87B
2024
Service imports
$198M
2024
$3.46B
2024
Service exports
$51M
2024
$5.26B
2024
Imports of goods and services, % of GDP
27%
2025
52.1%
2019
Exports of goods and services, % of GDP
13.9%
2025
38%
2019

Economic freedom indices

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

Guinea-Bissau Jamaica
Economic freedom 43.2 68.2
Economic freedom ranking 181/197 48/197
Property rights 28.4 66.8
Government integrity 21 49.4
Judicial effectiveness 13.2 75.6
Tax burden 89 76.3
Government spending 86.5 76
Fiscal health 6.5 92.2
Business freedom 34.6 68.5
Labor freedom 55.9 59.2
Monetary freedom 75.9 74.2
Trade freedom 47 70.4
Investment freedom 30 60
Financial freedom 30 50

Economic freedom comparison by year

Guinea-Bissau
Jamaica
1x
Year Economic freedom index
Guinea-Bissau Jamaica
2026 43.2 68.2
2025 43.6 68.7
2024 42.7 68.1
2023 44.6 68.1
2022 46 67.4
2021 54.9 69
2020 53.3 68.5
2019 54 68.6
2018 56.9 69.1
2017 56.1 69.5
2016 51.8 67.5
2015 52 67.7
2014 51.3 66.7
2013 51.1 66.8
2012 50.1 65.1
2011 46.5 65.7
2010 43.6 65.5
2009 45.4 65.2
2008 44.4 65.7
2007 46.1 65.5
2006 46.5 66.4
2005 46 67
2004 42.6 66.7
2003 43.1 67
2002 42.3 61.7
2001 42.5 63.7
2000 34.7 65.5
1999 33.5 64.7
1998 - 67.1
1997 - 67.7
1996 - 66.7
1995 - 64.4

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 68.2 for Jamaica, ranking 48/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Jamaica
Services, % of GDP
39.1%
2025
59.8%
2025
Industry, % of GDP
15.7%
2025
16.3%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
8.74%
2025
GNI, Atlas method
$2.45B
2025
$22.1B
2025
GNI per capita, PPP
$3,320
2025
$13,090
2025
Total reserves including gold n/a
$6.3B
2025
Total reserves ranking n/a
92/177
2025
Net foreign direct investment
-$26.3M
2024
-$304M
2024
Net inflows of foreign direct investment
$26.7M
2024
$305M
2024
Net outflows of foreign direct investment
$389K
2024
$1.07M
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
11.3%
2024
Poverty at national poverty lines
50.5%
2021
8.2%
2023
Gross capital formation, % of GDP
25.8%
2025
22.6%
2019

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/jamaica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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 (1990–1998, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.