Guinea-Bissau vs Montenegro: Economic Indicators Comparison

Montenegro with a GDP of $5.5B ranked the 153rd largest economy in the world, while Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, Montenegro and Guinea-Bissau ranked 67th vs 44th and 81st vs 179th, respectively.

Gross Domestic Product & Income

StatGuinea-BissauMontenegro
GDP$1.5B$5.5B
GDP growth, 1 year3.8%4.5%
GDP growth, 5-years average4.6%3.5%
Population1.9M622k
GDP per capita$778$8.8k
GDP per capita growth1.24%5.08%
Purchasing Power Parity conversion factor240.310.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.43
GDP per capita, PPP adjusted$1.9k$19k
GNI, Atlas method$1.4B$5.2B
GNI per capita$750$8.4k
GNI, PPP adjusted$3.4B$13B
GNI per capita, PPP adjusted$1.8k$21k

Financial system and Human development

StatGuinea-BissauMontenegro
Income Tax Rate20%9%
Corporate Tax Rate25%9%
Inflation, consumer prices1.4%2.6%
Inflation, GDP deflator-0.4%3.2%
Unemployment4.1%15.5%
Economic Freedom Index53.361.5
Personal Freedom Index6.838.12
Human Freedom Index5.977.67
Property Rights Index41.359.1
Judical Effectiveness Index48.455.3
Business Freedom Index39.170.8
Fiscal Health Index67.323.4
Labor Freedom Index61.274.8
Investment Freedom Index3075
Financial Freedom Index3050
Trade Freedom Index4983.8
Monetary Freedom Index82.780.3
Government Spending Index86.732.1
Tax Burden Index88.785.4
Government Integrity Index14.847.5
Corruption Perceptions Index1645
Life expectancy at birth, years57.776.7
Suicide mortality rate, per 100,000 people410.3
Mortality caused by road traffic injury, per 100,000 people31.110.7
Intentional homicides, per 100,000 people1.12.4
International tourism, number of arrivals45k2.1M

Government debt & reserves

StatGuinea-BissauMontenegro
Central government debt, % of GDP56.1%72.1%
External debt stocks, % of GNI28.9%144.1%
External debt stocks$420.7M$8B
Short-term debt, % of total reservesN/A17.2%
Total debt service, % of exports and primary income1.9%63.7%
Adjusted net savings including particulate emission damage, % of GNI-11%N/A
Gross savings, % of GDP8.8%14.9%
Gross capital formation, % of GDP10.9%31.9%
Total reserves including goldN/A$1.2B
Foreign direct investment net inflows$20.6M$485.7M

Exports, imports and economic structure

StatGuinea-BissauMontenegro
Exports of goods and services, % of GDP25.3%42.9%
Imports of goods and services, % of GDP32.5%66.7%
Current account balance (balance of payments)-$54.1M-$943M
Revenue excluding grants, % of GDP12.7%N/A
Grants excluding technical cooperation, BoP$80M$57.7M
Personal remittances received$127.9M$588.9M
Industry including construction value added, % of GDP12.6%15.9%
Agriculture, forestry and fishing value added, % of GDP47.5%6.7%
Charges for the use of intellectual property, payments BoP$2.4k$6M
Charges for the use of intellectual property, receipts BoP$79k$432k
Expense, % of GDP12.6%N/A
Government Expenditure, % of GDP21.1%47.6%

Compare with countries close by GDP per capita

Guinea-Bissau vs

CountryGDP
per capita
Population
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M