Skip to content

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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $2.27B for Lesotho, ranking 176/197 and 175/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

Guinea-Bissau vs Lesotho GDP by year

Guinea-Bissau
Lesotho
1x
Year GDP, current $
Guinea-Bissau Lesotho
2024 $2,218,393,805 $2,271,759,455
2023 $2,127,688,181 $2,117,962,445
2022 $1,859,601,384 $2,354,980,960
2021 $1,908,094,558 $2,412,130,057
2020 $1,705,057,581 $2,053,699,864
2019 $1,596,227,316 $2,390,702,296
2018 $1,554,133,594 $2,556,247,292
2017 $1,469,978,606 $2,306,741,672
2016 $1,245,074,264 $2,114,426,452
2015 $1,152,384,167 $2,359,686,725
2014 $1,135,250,721 $2,441,063,054
2013 $1,109,682,824 $2,367,112,932
2012 $1,049,412,177 $2,477,702,216
2011 $1,157,074,319 $2,579,409,620
2010 $940,112,539 $2,234,754,242
2009 $890,167,833 $1,740,894,965
2008 $952,667,544 $1,766,902,709
2007 $753,162,998 $1,682,131,785
2006 $634,781,901 $1,800,092,564
2005 $639,776,041 $1,682,343,527
2004 $582,169,841 $1,511,236,656
2003 $553,614,800 $1,157,825,435
2002 $466,773,711 $775,777,239
2001 $412,610,872 $825,706,961
2000 $391,345,597 $887,291,688
1999 $579,365,780 $912,773,681
1998 $591,034,143 $928,460,893
1997 $698,107,222 $998,004,259
1996 $702,965,148 $946,112,493
1995 $660,195,402 $1,001,894,000
1994 $612,502,085 $878,250,945
1993 $615,779,519 $835,582,062
1992 $588,309,271 $831,029,862
1991 $668,470,891 $704,325,367
1990 $634,187,269 $596,410,264
1989 $554,072,303 $495,409,233
1988 $427,514,322 $470,395,801
1987 $451,893,375 $402,768,324
1986 $338,524,233 $318,858,423
1985 $373,959,151 $268,629,926
1984 $359,980,491 $333,163,670
1983 $425,225,177 $386,699,309
1982 $430,284,022 $348,741,684
1981 $402,230,865 $434,188,034
1980 $287,648,258 $431,542,537
1979 $308,143,183 $290,134,593
1978 $318,876,550 $266,570,067
1977 $298,871,675 $193,315,048
1976 $292,152,321 $147,660,037
1975 $283,311,997 $149,558,896
1974 $256,769,730 $150,851,317
1973 $232,331,281 $121,188,716
1972 $227,986,203 $80,913,200
1971 $204,167,297 $76,480,285
1970 $204,670,551 $68,739,973
1969 - $65,967,974
1968 - $61,445,975
1967 - $59,261,976
1966 - $56,699,977
1965 - $54,879,978
1964 - $51,939,979
1963 - $47,039,981
1962 - $41,859,983
1961 - $35,699,986
1960 - $34,579,986

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

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

GDP per capita in Guinea-Bissau vs Lesotho by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $972 $3,001
2023 $988 $2,990 $916 $2,881
2022 $883 $2,789 $1,030 $2,761
2021 $927 $2,523 $1,067 $2,545
2020 $847 $2,340 $919 $2,559
2019 $811 $2,247 $1,082 $2,568
2018 $809 $2,058 $1,171 $2,632
2017 $783 $2,082 $1,069 $2,619
2016 $680 $1,824 $992 $2,942
2015 $645 $1,730 $1,121 $3,035
2014 $652 $1,456 $1,174 $2,771
2013 $654 $1,416 $1,151 $2,538
2012 $635 $1,402 $1,218 $2,291
2011 $720 $1,472 $1,281 $2,279
2010 $600 $1,370 $1,119 $2,153
2009 $583 $1,315 $879 $2,036
2008 $640 $1,309 $898 $2,064
2007 $519 $1,260 $861 $1,932
2006 $449 $1,226 $925 $1,813
2005 $463 $1,187 $861 $1,681
2004 $431 $1,105 $767 $1,561
2003 $420 $1,089 $583 $1,484
2002 $362 $1,095 $389 $1,385
2001 $327 $1,064 $413 $1,350
2000 $317 $1,014 $443 $1,273
1999 $479 $1,001 $456 $1,199
1998 $498 $861 $465 $1,179
1997 $599 $1,118 $502 $1,154
1996 $615 $1,052 $480 $1,103
1995 $589 $945 $513 $1,037
1994 $561 $909 $456 $995
1993 $582 $890 $439 $932
1992 $574 $880 $444 $893
1991 $672 $877 $382 $830
1990 $651 $824 $330 $764
1989 $578 - $279 -
1988 $454 - $270.4 -
1987 $488 - $236.5 -
1986 $371 - $191.4 -
1985 $417 - $165.4 -
1984 $407 - $211 -
1983 $489 - $252 -
1982 $503 - $233.9 -
1981 $477 - $299.8 -
1980 $347 - $307 -
1979 $376 - $212.4 -
1978 $403 - $200.8 -
1977 $403 - $149.9 -
1976 $421 - $117.8 -
1975 $435 - $123.2 -
1974 $419 - $128.7 -
1973 $392 - $107 -
1972 $389 - $74 -
1971 $348 - $72.4 -
1970 $350 - $67.4 -
1969 - - $67.1 -
1968 - - $64.8 -
1967 - - $64.8 -
1966 - - $64.3 -
1965 - - $64.3 -
1964 - - $62.6 -
1963 - - $58.4 -
1962 - - $53.5 -
1961 - - $47 -
1960 - - $47 -

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

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Lesotho ranks 180th at $3,001.

Economic indicators

Guinea-Bissau Lesotho
Gross domestic product
$2.22B
2024
$2.27B
2024
GDP rank
176/197
2024
175/197
2024
GDP growth
4.15%
2023-2024
2.85%
2023-2024
GDP per capita
$1,008
2024
$972
2024
GDP per capita rank
177/197
2024
181/197
2024
GDP per capita, PPP
$3,119
2024
$3,001
2024
GDP per capita PPP rank
179/197
2024
180/197
2024
Government debt
$1.82B
2024
$1.29B
2024
Debt-to-GDP ratio
82.2%
2024
56.8%
2024
Government debt per person
$828
2024
$552
2024
Government debt per person rank
146/185
2024
164/185
2024
Average annual personal income after taxes
$1,711
2026
$6,545
2026
Income share by richest 10%
26.1%
2021
32.9%
2017
Income share by poorest 10%
3.4%
2021
1.7%
2017
Government expenditure, % of GDP
20.4%
2024
53.5%
2024
Consumer prices inflation
3.7%
2023-2024
6.11%
2023-2024
Central bank interest rate n/a
6.5%
2025
Unemployment rate
2.67%
2022
18.7%
2024
Population
2311915
2396633

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Lesotho
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 53.5% 56.8%
2023 21.9% 79.4% 49.4% 61.5%
2022 21.3% 80.7% 50.8% 64.4%
2021 25% 78.8% 53.8% 58%
2020 25% 77.6% 54.4% 54.7%
2019 18.8% 65.1% 53.6% 58.2%
2018 19.5% 59.1% 51.9% 48.2%
2017 18.1% 51.8% 50.4% 41%
2016 20.5% 59.1% 54.1% 41.5%
2015 21.5% 56.3% 51.7% 45.8%
2014 23% 60.1% 50.1% 41.5%
2013 12.4% 49.6% 58.4% 41.2%
2012 13% 47.4% 58.1% 39.8%
2011 17.3% 45.6% 60.2% 36.2%
2010 18.5% 61.7% 55.3% 33.8%
2009 20.6% 148.3% 66.4% 35.9%
2008 21.8% 148.8% 54.1% 47%
2007 23.7% 164% 48.1% 49.6%
2006 19.8% 190.4% 43.2% 43.7%
2005 20.2% 203.7% 37.6% 41%
2004 23% 202% 36.3% 49.4%
2003 17% 183.4% 39.8% 52.6%
2002 14.1% 197.5% 41.2% 79.6%
2001 19.1% 204.4% 41.4% 108.7%
2000 23.5% 217.1% 39.3% 88.5%
1999 12.1% 109.9% 50.8% 83%
1998 8.72% 109.1% 51.4% 79.4%
1997 12.7% 94.3% 44.6% 65.7%
1996 8.93% 117.3% 41.5% 71.6%
1995 8.14% 103.3% 42.1% 62.8%
1994 18.4% 105.5% 40.2% 67%
1993 13.1% 112.4% 36% 71.2%
1992 10.1% 85.3% 35.3% 64.4%
1991 9.19% 88.9% 31.3% 11.9%
1990 - - 32.9% 18%
1989 - - 35.8% 112.5%
1988 - - 35.3% 105.2%
1987 - - 40.3% 97.4%
1986 - - 33.2% 92.5%
1985 - - 32.8% 86.3%
1984 - - 26.8% 57.2%
1983 - - 27.2% 56.7%
1982 - - 29.9% 61.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1996, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 56.8% in Lesotho, ranking 41/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Lesotho
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Lesotho
2024 -7.26% 9.04%
2023 -8.15% 7.31%
2022 -6.06% -6.41%
2021 -5.88% -4.95%
2020 -9.64% 1.18%
2019 -3.86% -5.72%
2018 -4.76% -4.41%
2017 -1.32% -2.02%
2016 -5.34% -9.43%
2015 -3.16% -1.38%
2014 -2.44% 3.16%
2013 -1.67% -2.58%
2012 -2.12% 4.56%
2011 -1.35% -9.85%
2010 -0.23% -1.49%
2009 2.68% -4.16%
2008 -0.73% 8.1%
2007 -8.77% 10.8%
2006 -4.57% 11.6%
2005 -4.96% 4.46%
2004 -5.92% 6.05%
2003 -5.63% 0.89%
2002 -3.7% -2.44%
2001 -1.83% -2.76%
2000 -2.8% -0.95%
1999 -4.06% -15.3%
1998 -5.95% -11.8%
1997 -2.56% 0.27%
1996 3.48% 2.11%
1995 2.45% 5.13%
1994 -5.54% 5.69%
1993 -0.34% 7.55%
1992 -0.25% 4.65%
1991 1.61% 9.74%
1990 - 8.78%
1989 - 3.88%
1988 - -1.87%
1987 - -2.85%
1986 - 0.87%
1985 - 1.68%
1984 - 4.82%
1983 - 1.85%
1982 - -2.03%

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/lesotho | 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 Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 34 years, Guinea-Bissau recorded a fiscal deficit in 30 of those years, while Lesotho ran a deficit in 16 years. On average, Guinea-Bissau posted an annual deficit equal to 3.25% of GDP, compared to surplus of 0.49% of GDP for Lesotho.

Inflation comparison by year

Inflation
Guinea-Bissau

Lesotho
1x
Year Consumer prices inflation
Guinea-Bissau Lesotho
2024 3.7% 6.11%
2023 7.2% 6.34%
2022 7.9% 8.27%
2021 3.3% 6.05%
2020 1.5% 4.98%
2019 0.3% 5.19%
2018 0.4% 4.75%
2017 -0.2% 4.45%
2016 2.7% 6.6%
2015 1.5% 3.22%
2014 -1% 5.37%
2013 0.8% 4.87%
2012 2.1% 6.05%
2011 5.1% 5.04%
2010 1.1% -2.41%
2009 -1.6% -16.9%
2008 10.4% 10.7%
2007 4.6% 8.01%
2006 2% 6.07%
2005 3.4% 3.44%
2004 0.8% 5.02%
2003 -3.5% 6.63%
2002 3.3% 33.8%
2001 3.3% -9.62%
2000 8.6% 6.13%
1999 -2.1% -
1998 8.1% -
1997 49.1% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2000–2024, retrieved 2026-04-06).

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

Over the past 25 years, Guinea-Bissau has recorded an average annual inflation rate of 2.71%, compared with 5.13% in Lesotho. In 2024, inflation was 3.7% in Guinea-Bissau and 6.11% in Lesotho.

Balance of trade

Guinea-Bissau Lesotho
Current account balance
-$160M
2023
$89.2M
2024
Current account balance ranking
95/190
2023
68/190
2024
Current account balance, % of GDP
-7.53%
2023
+3.93%
2024
Goods imports
$403M
2023
$1.67B
2024
Goods exports
$240M
2023
$965M
2024
Service imports
$189M
2023
$415M
2024
Service exports
$44.8M
2023
$15.4M
2024
Imports of goods and services, % of GDP
27%
2024
98.6%
2023
Exports of goods and services, % of GDP
11.8%
2024
42.9%
2023

Economic freedom indices

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

Guinea-Bissau Lesotho
Economic freedom 43.2 54.9
Economic freedom ranking 181/197 130/197
Property rights 28.4 41.7
Government integrity 21 39.6
Judicial effectiveness 13.2 43.6
Tax burden 89 76.4
Government spending 86.5 21.3
Fiscal health 6.5 93.5
Business freedom 34.6 50.6
Labor freedom 55.9 57
Monetary freedom 75.9 74.8
Trade freedom 47 65.4
Investment freedom 30 55
Financial freedom 30 40

Economic freedom comparison by year

Guinea-Bissau
Lesotho
1x
Year Economic freedom index
Guinea-Bissau Lesotho
2026 43.2 54.9
2025 43.6 54.1
2024 42.7 51.9
2023 44.6 51.6
2022 46 48.1
2021 54.9 53.5
2020 53.3 54.5
2019 54 53.1
2018 56.9 53.9
2017 56.1 53.9
2016 51.8 50.6
2015 52 49.6
2014 51.3 49.5
2013 51.1 47.9
2012 50.1 46.6
2011 46.5 47.5
2010 43.6 48.1
2009 45.4 49.7
2008 44.4 52.1
2007 46.1 53.2
2006 46.5 54.7
2005 46 53.9
2004 42.6 50.3
2003 43.1 52
2002 42.3 48.9
2001 42.5 50.6
2000 34.7 48.4
1999 33.5 48.2
1998 - 48.4
1997 - 47.2
1996 - 47

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Lesotho
Services, % of GDP
37.9%
2024
48%
2024
Industry, % of GDP
15.6%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
6.5%
2024
GNI, Atlas method
$2.18B
2024
$2.75B
2024
GNI per capita, PPP
$3,140
2024
$3,580
2024
Total reserves including gold n/a
$1.01B
2024
Total reserves ranking n/a
142/177
2024
Net foreign direct investment
-$24.8M
2023
$12.6M
2024
Net inflows of foreign direct investment
$26.7M
2024
-$12.6M
2024
Net outflows of foreign direct investment
$389K
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
4.06%
2024
Poverty at national poverty lines
50.5%
2021
49.7%
2017
Gross capital formation, % of GDP
24.9%
2024
27.2%
2023

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/lesotho | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1996, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.