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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $10.9B for Mauritania, ranking 176/197 and 153/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Guinea-Bissau vs Mauritania GDP by year

Guinea-Bissau
Mauritania
1x
Year GDP, current $
Guinea-Bissau Mauritania
2024 $2,218,393,805 $10,908,045,687
2023 $2,127,688,181 $10,726,838,461
2022 $1,859,601,384 $9,557,966,698
2021 $1,908,094,558 $9,222,536,364
2020 $1,705,057,581 $8,260,752,385
2019 $1,596,227,316 $7,894,764,886
2018 $1,554,133,594 $7,473,550,557
2017 $1,469,978,606 $6,800,135,898
2016 $1,245,074,264 $6,398,747,592
2015 $1,152,384,167 $6,166,863,897
2014 $1,135,250,721 $6,592,537,782
2013 $1,109,682,824 $7,223,071,097
2012 $1,049,412,177 $6,728,208,836
2011 $1,157,074,319 $6,764,627,746
2010 $940,112,539 $5,628,878,798
2009 $890,167,833 $4,714,595,548
2008 $952,667,544 $5,206,437,194
2007 $753,162,998 $4,346,212,355
2006 $634,781,901 $3,919,577,286
2005 $639,776,041 $2,936,019,526
2004 $582,169,841 $2,362,501,023
2003 $553,614,800 $2,051,147,607
2002 $466,773,711 $1,777,057,481
2001 $412,610,872 $1,746,063,558
2000 $391,345,597 $1,779,520,886
1999 $579,365,780 $1,985,922,776
1998 $591,034,143 $2,032,347,665
1997 $698,107,222 $2,071,996,564
1996 $702,965,148 $2,132,087,009
1995 $660,195,402 $2,091,726,101
1994 $612,502,085 $1,944,876,755
1993 $615,779,519 $1,847,353,211
1992 $588,309,271 $2,164,298,425
1991 $668,470,891 $2,133,692,697
1990 $634,187,269 $1,506,914,408
1989 $554,072,303 $1,450,647,019
1988 $427,514,322 $1,414,951,290
1987 $451,893,375 $1,344,664,725
1986 $338,524,233 $1,186,628,778
1985 $373,959,151 $1,009,723,326
1984 $359,980,491 $1,074,373,230
1983 $425,225,177 $1,165,171,263
1982 $430,284,022 $1,108,776,653
1981 $402,230,865 $1,105,494,682
1980 $287,648,258 $1,047,925,106
1979 $308,143,183 $951,900,945
1978 $318,876,550 $804,629,877
1977 $298,871,675 $799,030,017
1976 $292,152,321 $775,045,517
1975 $283,311,997 $703,377,837
1974 $256,769,730 $613,010,553
1973 $232,331,281 $493,237,876
1972 $227,986,203 $391,669,449
1971 $204,167,297 $335,568,907
1970 $204,670,551 $309,405,316
1969 - $295,062,308
1968 - $311,395,937
1967 - $282,615,310
1966 - $266,533,605
1965 - $255,340,475
1964 - $224,495,744
1963 - $168,186,297
1962 - $164,271,558
1961 - $159,213,430

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea-Bissau vs Mauritania by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $2,110 $7,369
2023 $988 $2,990 $2,136 $6,966
2022 $883 $2,789 $1,960 $6,485
2021 $927 $2,523 $1,948 $5,837
2020 $847 $2,340 $1,796 $5,741
2019 $811 $2,247 $1,767 $5,610
2018 $809 $2,058 $1,723 $5,429
2017 $783 $2,082 $1,615 $5,353
2016 $680 $1,824 $1,566 $4,683
2015 $645 $1,730 $1,555 $3,978
2014 $652 $1,456 $1,713 $3,865
2013 $654 $1,416 $1,934 $3,831
2012 $635 $1,402 $1,859 $3,465
2011 $720 $1,472 $1,931 $3,271
2010 $600 $1,370 $1,660 $3,178
2009 $583 $1,315 $1,435 $3,159
2008 $640 $1,309 $1,636 $3,236
2007 $519 $1,260 $1,405 $3,278
2006 $449 $1,226 $1,301 $3,342
2005 $463 $1,187 $999 $2,809
2004 $431 $1,105 $824 $2,570
2003 $420 $1,089 $732 $2,447
2002 $362 $1,095 $649 $2,296
2001 $327 $1,064 $652 $2,280
2000 $317 $1,014 $681 $2,304
1999 $479 $1,001 $781 $2,411
1998 $498 $861 $821 $2,355
1997 $599 $1,118 $859 $2,325
1996 $615 $1,052 $904 $2,436
1995 $589 $945 $905 $2,306
1994 $561 $909 $865 $2,114
1993 $582 $890 $850 $2,209
1992 $574 $880 $1,036 $2,122
1991 $672 $877 $1,062 $2,116
1990 $651 $824 $772 $2,070
1989 $578 - $762 -
1988 $454 - $762 -
1987 $488 - $746 -
1986 $371 - $677 -
1985 $417 - $593 -
1984 $407 - $650 -
1983 $489 - $725 -
1982 $503 - $710 -
1981 $477 - $729 -
1980 $347 - $711 -
1979 $376 - $664 -
1978 $403 - $578 -
1977 $403 - $590 -
1976 $421 - $589 -
1975 $435 - $551 -
1974 $419 - $494 -
1973 $392 - $410 -
1972 $389 - $335 -
1971 $348 - $296 -
1970 $350 - $281.3 -
1969 - - $276.6 -
1968 - - $301 -
1967 - - $281.5 -
1966 - - $273.6 -
1965 - - $270 -
1964 - - $244.3 -
1963 - - $188.2 -
1962 - - $189 -
1961 - - $188.2 -

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Mauritania ranks 147th at $7,369.

Economic indicators

Guinea-Bissau Mauritania
Gross domestic product
$2.22B
2024
$10.9B
2024
GDP rank
176/197
2024
153/197
2024
GDP growth
4.15%
2023-2024
6.31%
2023-2024
GDP per capita
$1,008
2024
$2,110
2024
GDP per capita rank
177/197
2024
156/197
2024
GDP per capita, PPP
$3,119
2024
$7,369
2024
GDP per capita PPP rank
179/197
2024
147/197
2024
Government debt
$1.82B
2024
$4.67B
2024
Debt-to-GDP ratio
82.2%
2024
42.8%
2024
Government debt per person
$828
2024
$904
2024
Government debt per person rank
146/185
2024
145/185
2024
Average annual personal income after taxes
$1,711
2026
$2,078
2026
Income share by richest 10%
26.1%
2021
24.6%
2019
Income share by poorest 10%
3.4%
2021
3.1%
2019
Government expenditure, % of GDP
20.4%
2024
23.6%
2024
Consumer prices inflation
3.7%
2023-2024
2.49%
2023-2024
Unemployment rate
2.67%
2022
10.4%
2019
Population
2311915
5505206

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Mauritania
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 23.6% 42.8%
2023 21.9% 79.4% 24.8% 47.1%
2022 21.3% 80.7% 28.7% 50.5%
2021 25% 78.8% 20.8% 54.5%
2020 25% 77.6% 18.5% 56.5%
2019 18.8% 65.1% 17.8% 57.7%
2018 19.5% 59.1% 19% 59.2%
2017 18.1% 51.8% 20.3% 55.7%
2016 20.5% 59.1% 20.8% 57.6%
2015 21.5% 56.3% 25.7% 59.9%
2014 23% 60.1% 23.9% 49.5%
2013 12.4% 49.6% 20.1% 40.7%
2012 13% 47.4% 21.5% 39.3%
2011 17.3% 45.6% 17% 38.8%
2010 18.5% 61.7% 17.3% 43.9%
2009 20.6% 148.3% 19.6% 54.3%
2008 21.8% 148.8% 19.8% 57.2%
2007 23.7% 164% 19.7% 61.5%
2006 19.8% 190.4% 19% 38%
2005 20.2% 203.7% 21.3% 71.1%
2004 23% 202% 23.9% 22%
2003 17% 183.4% - 22.9%
2002 14.1% 197.5% - 59.5%
2001 19.1% 204.4% - 63.5%
2000 23.5% 217.1% - 55.5%
1999 12.1% 109.9% - -
1998 8.72% 109.1% - -
1997 12.7% 94.3% - -
1996 8.93% 117.3% - -
1995 8.14% 103.3% - -
1994 18.4% 105.5% - -
1993 13.1% 112.4% - -
1992 10.1% 85.3% - -
1991 9.19% 88.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 42.8% in Mauritania, ranking 41/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Mauritania
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Mauritania
2024 -7.26% -1.35%
2023 -8.15% -2.45%
2022 -6.06% -3.09%
2021 -5.88% 2.6%
2020 -9.64% 2.78%
2019 -3.86% 2.65%
2018 -4.76% 3.23%
2017 -1.32% 0.53%
2016 -5.34% 0.13%
2015 -3.16% -2.44%
2014 -2.44% -2.64%
2013 -1.67% -0.66%
2012 -2.12% 1.67%
2011 -1.35% 0.07%
2010 -0.23% -0.45%
2009 2.68% -3.59%
2008 -0.73% -3.32%
2007 -8.77% -1.38%
2006 -4.57% 2.05%
2005 -4.96% -3.16%
2004 -5.92% -3.06%
2003 -5.63% -
2002 -3.7% -
2001 -1.83% -
2000 -2.8% -
1999 -4.06% -
1998 -5.95% -
1997 -2.56% -
1996 3.48% -
1995 2.45% -
1994 -5.54% -
1993 -0.34% -
1992 -0.25% -
1991 1.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea-bissau/mauritania | 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 Mauritania's deficit of $148M, or 1.35% of GDP.

Over the past 21 years, Guinea-Bissau recorded a fiscal deficit in 20 of those years, while Mauritania ran a deficit in 12 years. On average, Guinea-Bissau posted an annual deficit equal to 4.07% of GDP, compared to deficit of 0.57% of GDP for Mauritania.

Inflation comparison by year

Inflation
Guinea-Bissau

Mauritania
1x
Year Consumer prices inflation
Guinea-Bissau Mauritania
2024 3.7% 2.49%
2023 7.2% 4.95%
2022 7.9% 9.53%
2021 3.3% 3.57%
2020 1.5% 2.39%
2019 0.3% 2.3%
2018 0.4% 3.07%
2017 -0.2% 2.25%
2016 2.7% 1.47%
2015 1.5% 3.25%
2014 -1% 3.53%
2013 0.8% 4.13%
2012 2.1% 4.9%
2011 5.1% 5.69%
2010 1.1% 6.28%
2009 -1.6% 2.22%
2008 10.4% 7.35%
2007 4.6% 7.25%
2006 2% 6.24%
2005 3.4% 12.1%
2004 0.8% 10.4%
2003 -3.5% 5.15%
2002 3.3% 3.9%
2001 3.3% 4.71%
2000 8.6% 3.25%
1999 -2.1% 4.07%
1998 8.1% 8.03%
1997 49.1% 4.63%

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/mauritania | CC BY

Over the past 28 years, Guinea-Bissau has recorded an average annual inflation rate of 4.39%, compared with 4.97% in Mauritania. In 2024, inflation was 3.7% in Guinea-Bissau and 2.49% in Mauritania.

Top exports between countries

Guinea-Bissau
Export category Export value
Mauritania
Export category Export value
Animal & marine products $836K
Processed food, beverages & tobacco $20K
Chemicals & pharma $11K
Textiles & consumer goods $1K

Balance of trade

Guinea-Bissau Mauritania
Current account balance
-$160M
2023
-$1.04B
2024
Current account balance ranking
95/190
2023
124/190
2024
Current account balance, % of GDP
-7.53%
2023
-9.53%
2024
Goods imports
$403M
2023
$4.32B
2024
Goods exports
$240M
2023
$3.83B
2024
Service imports
$189M
2023
$1.05B
2024
Service exports
$44.8M
2023
$230M
2024
Imports of goods and services, % of GDP
27%
2024
52.2%
2024
Exports of goods and services, % of GDP
11.8%
2024
41.4%
2024

Economic freedom indices

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

Guinea-Bissau Mauritania
Economic freedom 43.2 53.9
Economic freedom ranking 181/197 136/197
Property rights 28.4 32.6
Government integrity 21 24.5
Judicial effectiveness 13.2 26.4
Tax burden 89 75.5
Government spending 86.5 80.2
Fiscal health 6.5 87.9
Business freedom 34.6 38.7
Labor freedom 55.9 53.6
Monetary freedom 75.9 77.8
Trade freedom 47 59.6
Investment freedom 30 50
Financial freedom 30 40

Economic freedom comparison by year

Guinea-Bissau
Mauritania
1x
Year Economic freedom index
Guinea-Bissau Mauritania
2026 43.2 53.9
2025 43.6 54.9
2024 42.7 55.3
2023 44.6 55.3
2022 46 55.3
2021 54.9 56.1
2020 53.3 55.3
2019 54 55.7
2018 56.9 54
2017 56.1 54.4
2016 51.8 54.8
2015 52 53.3
2014 51.3 53.2
2013 51.1 52.3
2012 50.1 53
2011 46.5 52.1
2010 43.6 52
2009 45.4 53.9
2008 44.4 55.2
2007 46.1 53.6
2006 46.5 55.7
2005 46 59.4
2004 42.6 61.8
2003 43.1 59
2002 42.3 52.5
2001 42.5 48.5
2000 34.7 46
1999 33.5 42.8
1998 - 43.7
1997 - 47
1996 - 45.5

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Mauritania
Services, % of GDP
37.9%
2024
42.4%
2024
Industry, % of GDP
15.6%
2024
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
19.3%
2024
GNI, Atlas method
$2.18B
2024
$11B
2024
GNI per capita, PPP
$3,140
2024
$7,300
2024
Total reserves including gold n/a
$2.04B
2021
Total reserves ranking n/a
126/177
2021
Net foreign direct investment
-$24.8M
2023
-$1.44B
2024
Net inflows of foreign direct investment
$26.7M
2024
$1.44B
2024
Net outflows of foreign direct investment
$389K
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
3.82%
2024
Poverty at national poverty lines
50.5%
2021
31.8%
2019
Gross capital formation, % of GDP
24.9%
2024
43.1%
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/mauritania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, 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 (1991–1996, retrieved 2026-02-20)
  6. TradeMap (2022–2024, 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.