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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $120B for Kenya, ranking 176/197 and 64/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Guinea-Bissau vs Kenya GDP by year

Guinea-Bissau
Kenya
1x
Year GDP, current $
Guinea-Bissau Kenya
2024 $2,218,393,805 $120,339,557,906
2023 $2,127,688,181 $107,500,884,685
2022 $1,859,601,384 $114,448,978,153
2021 $1,908,094,558 $109,703,658,905
2020 $1,705,057,581 $100,657,505,751
2019 $1,596,227,316 $100,378,436,207
2018 $1,554,133,594 $92,202,979,985
2017 $1,469,978,606 $82,036,510,877
2016 $1,245,074,264 $74,815,144,164
2015 $1,152,384,167 $70,120,446,897
2014 $1,135,250,721 $68,285,796,514
2013 $1,109,682,824 $61,671,440,408
2012 $1,049,412,177 $56,396,704,672
2011 $1,157,074,319 $46,869,473,151
2010 $940,112,539 $45,405,615,064
2009 $890,167,833 $42,347,217,913
2008 $952,667,544 $35,895,153,328
2007 $753,162,998 $31,958,195,182
2006 $634,781,901 $25,825,512,284
2005 $639,776,041 $18,737,895,513
2004 $582,169,841 $16,095,337,094
2003 $553,614,800 $14,904,517,650
2002 $466,773,711 $13,147,736,899
2001 $412,610,872 $12,986,007,426
2000 $391,345,597 $12,705,350,098
1999 $579,365,780 $12,896,010,459
1998 $591,034,143 $14,093,998,844
1997 $698,107,222 $13,115,764,358
1996 $702,965,148 $12,045,865,396
1995 $660,195,402 $9,046,320,255
1994 $612,502,085 $7,148,148,564
1993 $615,779,519 $5,751,786,643
1992 $588,309,271 $8,209,120,763
1991 $668,470,891 $8,151,488,783
1990 $634,187,269 $8,572,359,038
1989 $554,072,303 $8,283,114,514
1988 $427,514,322 $8,355,380,879
1987 $451,893,375 $7,970,820,369
1986 $338,524,233 $7,239,126,568
1985 $373,959,151 $6,135,034,214
1984 $359,980,491 $6,191,437,070
1983 $425,225,177 $5,979,198,314
1982 $430,284,022 $6,431,579,357
1981 $402,230,865 $6,854,491,706
1980 $287,648,258 $7,265,315,820
1979 $308,143,183 $6,234,391,113
1978 $318,876,550 $5,303,735,111
1977 $298,871,675 $4,494,378,764
1976 $292,152,321 $3,474,542,392
1975 $283,311,997 $3,259,345,083
1974 $256,769,730 $2,969,958,812
1973 $232,331,281 $2,509,001,324
1972 $227,986,203 $2,107,279,157
1971 $204,167,297 $1,778,391,289
1970 $204,670,551 $1,603,447,359
1969 - $1,458,379,417
1968 - $1,353,295,459
1967 - $1,232,559,507
1966 - $1,164,519,674
1965 - $997,919,321
1964 - $998,759,334
1963 - $926,589,349
1962 - $868,111,401
1961 - $792,959,473
1960 - $791,265,459

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea-Bissau vs Kenya by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $2,132 $6,644
2023 $988 $2,990 $1,943 $6,317
2022 $883 $2,789 $2,110 $5,883
2021 $927 $2,523 $2,061 $5,339
2020 $847 $2,340 $1,928 $4,793
2019 $811 $2,247 $1,960 $4,687
2018 $809 $2,058 $1,836 $4,412
2017 $783 $2,082 $1,667 $4,177
2016 $680 $1,824 $1,554 $3,917
2015 $645 $1,730 $1,489 $3,678
2014 $652 $1,456 $1,483 $3,359
2013 $654 $1,416 $1,371 $3,106
2012 $635 $1,402 $1,285 $2,847
2011 $720 $1,472 $1,096 $2,750
2010 $600 $1,370 $1,092 $2,635
2009 $583 $1,315 $1,048 $2,480
2008 $640 $1,309 $916 $2,459
2007 $519 $1,260 $840 $2,481
2006 $449 $1,226 $700 $2,330
2005 $463 $1,187 $523 $2,189
2004 $431 $1,105 $464 $2,066
2003 $420 $1,089 $443 $1,975
2002 $362 $1,095 $403 $1,940
2001 $327 $1,064 $411 $1,961
2000 $317 $1,014 $415 $1,907
1999 $479 $1,001 $434 $1,910
1998 $498 $861 $488 $1,895
1997 $599 $1,118 $467 $1,865
1996 $615 $1,052 $441 $1,875
1995 $589 $945 $340 $1,818
1994 $561 $909 $276.4 $1,754
1993 $582 $890 $229 $1,723
1992 $574 $880 $337 $1,728
1991 $672 $877 $345 $1,756
1990 $651 $824 $374 $1,729
1989 $578 - $374 -
1988 $454 - $391 -
1987 $488 - $387 -
1986 $371 - $364 -
1985 $417 - $320 -
1984 $407 - $334 -
1983 $489 - $335 -
1982 $503 - $374 -
1981 $477 - $413 -
1980 $347 - $454 -
1979 $376 - $403 -
1978 $403 - $355 -
1977 $403 - $311 -
1976 $421 - $248.9 -
1975 $435 - $241.2 -
1974 $419 - $227.2 -
1973 $392 - $198.6 -
1972 $389 - $172.6 -
1971 $348 - $150.9 -
1970 $350 - $141 -
1969 - - $133.3 -
1968 - - $128.7 -
1967 - - $121.9 -
1966 - - $119.8 -
1965 - - $106.9 -
1964 - - $111.3 -
1963 - - $107.4 -
1962 - - $104.6 -
1961 - - $99.3 -
1960 - - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Kenya ranks 149th at $6,644.

Economic indicators

Guinea-Bissau Kenya
Gross domestic product
$2.22B
2024
$120B
2024
GDP rank
176/197
2024
64/197
2024
GDP growth
4.15%
2023-2024
4.72%
2023-2024
GDP per capita
$1,008
2024
$2,132
2024
GDP per capita rank
177/197
2024
154/197
2024
GDP per capita, PPP
$3,119
2024
$6,644
2024
GDP per capita PPP rank
179/197
2024
149/197
2024
Government debt
$1.82B
2024
$81B
2024
Debt-to-GDP ratio
82.2%
2024
67.3%
2024
Government debt per person
$828
2024
$1,436
2024
Government debt per person rank
146/185
2024
133/185
2024
Average annual personal income after taxes
$1,711
2026
$3,229
2026
Market capitalization of domestic companies n/a
$15B
2024
Income share by richest 10%
26.1%
2021
30.1%
2022
Income share by poorest 10%
3.4%
2021
2.9%
2022
Government expenditure, % of GDP
20.4%
2024
23.3%
2024
Consumer prices inflation
3.7%
2023-2024
4.49%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
2.67%
2022
5.44%
2022
Population
2311915
58955623

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Kenya
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 23.3% 67.3%
2023 21.9% 79.4% 22.7% 73.4%
2022 21.3% 80.7% 23.2% 67.8%
2021 25% 78.8% 24% 68.2%
2020 25% 77.6% 24.8% 68%
2019 18.8% 65.1% 24.4% 59.1%
2018 19.5% 59.1% 24.5% 56.4%
2017 18.1% 51.8% 25.2% 53.9%
2016 20.5% 59.1% 25.4% 50.4%
2015 21.5% 56.3% 23.8% 45.8%
2014 23% 60.1% 23.4% 41.3%
2013 12.4% 49.6% 23.2% 39.8%
2012 13% 47.4% 22.1% 37.6%
2011 17.3% 45.6% 20.1% 35.7%
2010 18.5% 61.7% 21.5% 36.7%
2009 20.6% 148.3% 20.3% 36%
2008 21.8% 148.8% 18.9% 34.3%
2007 23.7% 164% 18.1% 34.2%
2006 19.8% 190.4% 17.3% 37.1%
2005 20.2% 203.7% 16.2% 37.4%
2004 23% 202% 15.4% 40.8%
2003 17% 183.4% 16% 43.8%
2002 14.1% 197.5% 15.7% 42%
2001 19.1% 204.4% 14.9% 41.3%
2000 23.5% 217.1% 14.1% 43.1%
1999 12.1% 109.9% 13.7% 38.4%
1998 8.72% 109.1% 15.3% 38.5%
1997 12.7% 94.3% 15.6% 36%
1996 8.93% 117.3% 15.2% 40.5%
1995 8.14% 103.3% 17.3% 52.1%
1994 18.4% 105.5% 18.8% 57%
1993 13.1% 112.4% 18.9% 61.6%
1992 10.1% 85.3% 17.6% 41.2%
1991 9.19% 88.9% 16.4% 43%
1990 - - 17.2% 37.6%
1989 - - 16.3% 33.4%
1988 - - 15.9% 33.9%
1987 - - 15.5% 36.3%
1986 - - 15.3% 31.3%
1985 - - 15.6% 28.8%
1984 - - 14.9% 25.6%
1983 - - 14.6% 26.1%
1982 - - 16.2% 26.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 67.3% in Kenya, ranking 41/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Kenya
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Kenya
2024 -7.26% -5.77%
2023 -8.15% -5.71%
2022 -6.06% -6.06%
2021 -5.88% -7.2%
2020 -9.64% -8.13%
2019 -3.86% -7.42%
2018 -4.76% -6.94%
2017 -1.32% -7.4%
2016 -5.34% -7.47%
2015 -3.16% -6.68%
2014 -2.44% -5.75%
2013 -1.67% -5.25%
2012 -2.12% -5.29%
2011 -1.35% -3.64%
2010 -0.23% -3.67%
2009 2.68% -3.12%
2008 -0.73% -1.95%
2007 -8.77% -0.95%
2006 -4.57% -0.43%
2005 -4.96% -0.19%
2004 -5.92% 0.5%
2003 -5.63% -0.73%
2002 -3.7% -1.29%
2001 -1.83% -0.53%
2000 -2.8% 0.38%
1999 -4.06% 0.84%
1998 -5.95% -0.03%
1997 -2.56% -0.91%
1996 3.48% -0.49%
1995 2.45% -0.23%
1994 -5.54% -4.14%
1993 -0.34% -8.57%
1992 -0.25% -8.28%
1991 1.61% -6.56%
1990 - -3.28%
1989 - -2.39%
1988 - -1.97%
1987 - -2.27%
1986 - -2.98%
1985 - -3.05%
1984 - -2.55%
1983 - -2.17%
1982 - -3.07%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government deficit, the difference between spending and revenue, was $161M, equivalent to 7.26% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 34 years, Guinea-Bissau recorded a fiscal deficit in 30 of those years, while Kenya ran a deficit in 31 years. On average, Guinea-Bissau posted an annual deficit equal to 3.25% of GDP, compared to deficit of 3.8% of GDP for Kenya.

Inflation comparison by year

Inflation
Guinea-Bissau

Kenya
1x
Year Consumer prices inflation
Guinea-Bissau Kenya
2024 3.7% 4.49%
2023 7.2% 7.67%
2022 7.9% 7.66%
2021 3.3% 6.11%
2020 1.5% 5.41%
2019 0.3% 5.24%
2018 0.4% 4.69%
2017 -0.2% 8.01%
2016 2.7% 6.3%
2015 1.5% 6.58%
2014 -1% 6.88%
2013 0.8% 5.72%
2012 2.1% 9.38%
2011 5.1% 14%
2010 1.1% 3.96%
2009 -1.6% 9.23%
2008 10.4% 26.2%
2007 4.6% 9.76%
2006 2% 14.5%
2005 3.4% 10.3%
2004 0.8% 11.6%
2003 -3.5% 9.82%
2002 3.3% 1.96%
2001 3.3% 5.74%
2000 8.6% 9.98%
1999 -2.1% 5.74%
1998 8.1% 6.72%
1997 49.1% 11.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guinea-Bissau has recorded an average annual inflation rate of 4.39%, compared with 8.39% in Kenya. In 2024, inflation was 3.7% in Guinea-Bissau and 4.49% in Kenya.

Top exports between countries

Guinea-Bissau
Export category Export value
Kenya
Export category Export value
Chemicals & pharma $80K
Metals $38K
Textiles & consumer goods $26K
Machinery & equipment $13K
Wood & paper products $1K

Balance of trade

Guinea-Bissau Kenya
Current account balance
-$160M
2023
-$1.55B
2024
Current account balance ranking
95/190
2023
134/190
2024
Current account balance, % of GDP
-7.53%
2023
-1.29%
2024
Goods imports
$403M
2023
$22.2B
2024
Goods exports
$240M
2023
$12.5B
2024
Service imports
$189M
2023
$5.64B
2024
Service exports
$44.8M
2023
$8.04B
2024
Imports of goods and services, % of GDP
27%
2024
23.1%
2024
Exports of goods and services, % of GDP
11.8%
2024
17.1%
2024

Economic freedom indices

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

Guinea-Bissau Kenya
Economic freedom 43.2 55.5
Economic freedom ranking 181/197 128/197
Property rights 28.4 40.2
Government integrity 21 32.7
Judicial effectiveness 13.2 47
Tax burden 89 76.3
Government spending 86.5 84.1
Fiscal health 6.5 36.2
Business freedom 34.6 61.5
Labor freedom 55.9 56.5
Monetary freedom 75.9 75.1
Trade freedom 47 52
Investment freedom 30 55
Financial freedom 30 50

Economic freedom comparison by year

Guinea-Bissau
Kenya
1x
Year Economic freedom index
Guinea-Bissau Kenya
2026 43.2 55.5
2025 43.6 54.8
2024 42.7 53.6
2023 44.6 52.5
2022 46 52.6
2021 54.9 54.9
2020 53.3 55.3
2019 54 55.1
2018 56.9 54.7
2017 56.1 53.5
2016 51.8 57.5
2015 52 55.6
2014 51.3 57.1
2013 51.1 55.9
2012 50.1 57.5
2011 46.5 57.4
2010 43.6 57.5
2009 45.4 58.7
2008 44.4 59.3
2007 46.1 59.6
2006 46.5 59.7
2005 46 57.9
2004 42.6 57.7
2003 43.1 58.6
2002 42.3 58.2
2001 42.5 57.6
2000 34.7 59.7
1999 33.5 58.2
1998 - 58.4
1997 - 60.1
1996 - 56.4
1995 - 54.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Kenya
Services, % of GDP
37.9%
2024
55.3%
2024
Industry, % of GDP
15.6%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
22.5%
2024
GNI, Atlas method
$2.18B
2024
$118B
2024
GNI per capita, PPP
$3,140
2024
$6,540
2024
Total reserves including gold n/a
$10.1B
2024
Total reserves ranking n/a
75/177
2024
Net foreign direct investment
-$24.8M
2023
-$45.8M
2024
Net inflows of foreign direct investment
$26.7M
2024
$463M
2024
Net outflows of foreign direct investment
$389K
2024
$418M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
4.79%
2024
Poverty at national poverty lines
50.5%
2021
39.8%
2022
Gross capital formation, % of GDP
24.9%
2024
16.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.