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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $161B for Morocco, ranking 176/197 and 58/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Guinea-Bissau vs Morocco GDP by year

Guinea-Bissau
Morocco
1x
Year GDP, current $
Guinea-Bissau Morocco
2024 $2,218,393,805 $160,610,994,055
2023 $2,127,688,181 $146,036,093,667
2022 $1,859,601,384 $131,245,312,804
2021 $1,908,094,558 $142,022,058,447
2020 $1,705,057,581 $121,353,645,057
2019 $1,596,227,316 $128,920,266,409
2018 $1,554,133,594 $127,341,147,582
2017 $1,469,978,606 $118,540,573,368
2016 $1,245,074,264 $111,572,947,005
2015 $1,152,384,167 $110,413,823,842
2014 $1,135,250,721 $119,130,841,412
2013 $1,109,682,824 $115,739,287,305
2012 $1,049,412,177 $106,937,392,311
2011 $1,157,074,319 $110,080,631,332
2010 $940,112,539 $100,865,329,473
2009 $890,167,833 $101,154,952,241
2008 $952,667,544 $101,822,906,949
2007 $753,162,998 $86,947,913,287
2006 $634,781,901 $75,883,823,301
2005 $639,776,041 $68,852,658,069
2004 $582,169,841 $66,114,145,451
2003 $553,614,800 $58,029,363,354
2002 $466,773,711 $47,077,192,188
2001 $412,610,872 $43,831,480,208
2000 $391,345,597 $43,017,455,402
1999 $579,365,780 $46,266,428,648
1998 $591,034,143 $46,497,608,725
1997 $698,107,222 $39,147,844,526
1996 $702,965,148 $43,161,571,528
1995 $660,195,402 $39,030,285,468
1994 $612,502,085 $35,604,137,423
1993 $615,779,519 $31,655,473,664
1992 $588,309,271 $33,711,069,431
1991 $668,470,891 $32,285,573,574
1990 $634,187,269 $30,179,954,775
1989 $554,072,303 $26,314,313,191
1988 $427,514,322 $25,705,296,184
1987 $451,893,375 $21,765,195,948
1986 $338,524,233 $19,462,085,540
1985 $373,959,151 $14,991,283,216
1984 $359,980,491 $14,824,667,954
1983 $425,225,177 $16,251,408,128
1982 $430,284,022 $17,692,276,734
1981 $402,230,865 $17,788,185,479
1980 $287,648,258 $21,728,516,153
1979 $308,143,183 $15,911,994,817
1978 $318,876,550 $13,236,946,234
1977 $298,871,675 $11,049,783,872
1976 $292,152,321 $9,584,297,284
1975 $283,311,997 $8,984,853,005
1974 $256,769,730 $7,675,466,449
1973 $232,331,281 $6,242,145,880
1972 $227,986,203 $5,074,117,545
1971 $204,167,297 $4,356,669,034
1970 $204,670,551 $3,956,336,244
1969 - $3,651,622,669
1968 - $3,271,422,333
1967 - $3,046,345,314
1966 - $2,876,401,297
1965 - $2,948,331,090
1964 - $2,798,345,299
1963 - $2,657,252,578
1962 - $2,379,611,125
1961 - $2,025,693,540
1960 - $2,037,154,742

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

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

GDP per capita in Guinea-Bissau vs Morocco by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $4,218 $10,415
2023 $988 $2,990 $3,872 $9,895
2022 $883 $2,789 $3,516 $9,310
2021 $927 $2,523 $3,843 $8,623
2020 $847 $2,340 $3,317 $7,705
2019 $811 $2,247 $3,560 $8,046
2018 $809 $2,058 $3,553 $7,801
2017 $783 $2,082 $3,344 $8,115
2016 $680 $1,824 $3,186 $7,853
2015 $645 $1,730 $3,190 $7,799
2014 $652 $1,456 $3,483 $7,237
2013 $654 $1,416 $3,425 $7,542
2012 $635 $1,402 $3,206 $7,308
2011 $720 $1,472 $3,345 $7,274
2010 $600 $1,370 $3,107 $6,849
2009 $583 $1,315 $3,158 $6,629
2008 $640 $1,309 $3,222 $6,437
2007 $519 $1,260 $2,788 $6,058
2006 $449 $1,226 $2,466 $5,781
2005 $463 $1,187 $2,268 $5,275
2004 $431 $1,105 $2,207 $5,025
2003 $420 $1,089 $1,962 $4,741
2002 $362 $1,095 $1,612 $4,436
2001 $327 $1,064 $1,521 $4,269
2000 $317 $1,014 $1,513 $3,930
1999 $479 $1,001 $1,651 $3,801
1998 $498 $861 $1,683 $3,740
1997 $599 $1,118 $1,439 $3,502
1996 $615 $1,052 $1,610 $3,551
1995 $589 $945 $1,478 $3,152
1994 $561 $909 $1,369 $3,315
1993 $582 $890 $1,236 $2,979
1992 $574 $880 $1,337 $2,979
1991 $672 $877 $1,302 $3,025
1990 $651 $824 $1,238 $2,777
1989 $578 - $1,099 -
1988 $454 - $1,094 -
1987 $488 - $944 -
1986 $371 - $861 -
1985 $417 - $678 -
1984 $407 - $687 -
1983 $489 - $772 -
1982 $503 - $862 -
1981 $477 - $890 -
1980 $347 - $1,117 -
1979 $376 - $839 -
1978 $403 - $716 -
1977 $403 - $613 -
1976 $421 - $545 -
1975 $435 - $524 -
1974 $419 - $459 -
1973 $392 - $382 -
1972 $389 - $319 -
1971 $348 - $280.6 -
1970 $350 - $261.5 -
1969 - - $247.8 -
1968 - - $228 -
1967 - - $218.1 -
1966 - - $211.5 -
1965 - - $222.7 -
1964 - - $216.9 -
1963 - - $211.3 -
1962 - - $194.2 -
1961 - - $169.8 -
1960 - - $175.2 -

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

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Morocco ranks 132nd at $10,415.

Economic indicators

Guinea-Bissau Morocco
Gross domestic product
$2.22B
2024
$161B
2024
GDP rank
176/197
2024
58/197
2024
GDP growth
4.15%
2023-2024
3.79%
2023-2024
GDP per capita
$1,008
2024
$4,218
2024
GDP per capita rank
177/197
2024
127/197
2024
GDP per capita, PPP
$3,119
2024
$10,415
2024
GDP per capita PPP rank
179/197
2024
132/197
2024
Government debt
$1.82B
2024
$109B
2024
Debt-to-GDP ratio
82.2%
2024
67.7%
2024
Government debt per person
$828
2024
$2,857
2024
Government debt per person rank
146/185
2024
104/185
2024
Average annual personal income after taxes
$1,711
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
26.1%
2021
31.9%
2013
Income share by poorest 10%
3.4%
2021
2.7%
2013
Government expenditure, % of GDP
20.4%
2024
33%
2024
Consumer prices inflation
3.7%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
2.67%
2022
11.8%
2022
Population
2311915
38871720

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Morocco
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 33% 67.7%
2023 21.9% 79.4% 32% 68.7%
2022 21.3% 80.7% 33.7% 71.4%
2021 25% 78.8% 31% 69.4%
2020 25% 77.6% 34.1% 72.2%
2019 18.8% 65.1% 27.6% 60.3%
2018 19.5% 59.1% 27.8% 60.5%
2017 18.1% 51.8% 27.9% 60.3%
2016 20.5% 59.1% 28.6% 60.1%
2015 21.5% 56.3% 28.5% 58.4%
2014 23% 60.1% 30.7% 58.6%
2013 12.4% 49.6% 30.4% 57.1%
2012 13% 47.4% 32.5% 52.3%
2011 17.3% 45.6% 31.2% 48.6%
2010 18.5% 61.7% 28.7% 45.3%
2009 20.6% 148.3% 28.1% 42.6%
2008 21.8% 148.8% 28.3% 42%
2007 23.7% 164% 26.4% 47.1%
2006 19.8% 190.4% 26% 50.6%
2005 20.2% 203.7% 28.6% 54.8%
2004 23% 202% 24.5% 54.4%
2003 17% 183.4% 24.1% 56.9%
2002 14.1% 197.5% 25.8% 59.4%
2001 19.1% 204.4% 23.7% 60.4%
2000 23.5% 217.1% 22.8% 64.9%
1999 12.1% 109.9% 18.4% 63.4%
1998 8.72% 109.1% 18.7% 64.5%
1997 12.7% 94.3% 18.6% 68%
1996 8.93% 117.3% 17.6% 65.3%
1995 8.14% 103.3% 21.3% 72.2%
1994 18.4% 105.5% 21.7% 69.3%
1993 13.1% 112.4% 23.1% 74.7%
1992 10.1% 85.3% 22.3% 67%
1991 9.19% 88.9% 20.8% 59.1%
1990 - - 22.6% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 67.7% in Morocco, ranking 41/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Morocco
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Morocco
2024 -7.26% -3.92%
2023 -8.15% -4.41%
2022 -6.06% -5.37%
2021 -5.88% -5.92%
2020 -9.64% -7.15%
2019 -3.86% -3.8%
2018 -4.76% -3.52%
2017 -1.32% -3.3%
2016 -5.34% -4.49%
2015 -3.16% -4.59%
2014 -2.44% -4.78%
2013 -1.67% -4.7%
2012 -2.12% -6.63%
2011 -1.35% -6.08%
2010 -0.23% -3.93%
2009 2.68% -1.63%
2008 -0.73% 0.63%
2007 -8.77% -0.12%
2006 -4.57% -1.8%
2005 -4.96% -5.46%
2004 -5.92% -3.31%
2003 -5.63% -3.74%
2002 -3.7% -4.37%
2001 -1.83% -3.79%
2000 -2.8% -1.97%
1999 -4.06% 3.21%
1998 -5.95% 1.47%
1997 -2.56% 1.5%
1996 3.48% 0.87%
1995 2.45% -2.54%
1994 -5.54% -2.51%
1993 -0.34% -2%
1992 -0.25% -1.84%
1991 1.61% -0.9%
1990 - -1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea-bissau/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 34 years, Guinea-Bissau recorded a fiscal deficit in 30 of those years, while Morocco ran a deficit in 29 years. On average, Guinea-Bissau posted an annual deficit equal to 3.25% of GDP, compared to deficit of 2.97% of GDP for Morocco.

Inflation comparison by year

Inflation
Guinea-Bissau

Morocco
1x
Year Consumer prices inflation
Guinea-Bissau Morocco
2024 3.7% 0.99%
2023 7.2% 6.09%
2022 7.9% 6.66%
2021 3.3% 1.4%
2020 1.5% 0.71%
2019 0.3% 0.3%
2018 0.4% 1.8%
2017 -0.2% 0.75%
2016 2.7% 1.64%
2015 1.5% 1.56%
2014 -1% 0.44%
2013 0.8% 1.88%
2012 2.1% 1.29%
2011 5.1% 0.91%
2010 1.1% 0.99%
2009 -1.6% 0.97%
2008 10.4% 3.71%
2007 4.6% 2.04%
2006 2% 3.28%
2005 3.4% 0.98%
2004 0.8% 1.49%
2003 -3.5% 1.17%
2002 3.3% 2.8%
2001 3.3% 0.62%
2000 8.6% 1.89%
1999 -2.1% 0.68%
1998 8.1% 2.75%
1997 49.1% 1.04%

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/morocco | CC BY

Over the past 28 years, Guinea-Bissau has recorded an average annual inflation rate of 4.39%, compared with 1.82% in Morocco. In 2024, inflation was 3.7% in Guinea-Bissau and 0.99% in Morocco.

Top exports between countries

Guinea-Bissau
Export category Export value
Morocco
Export category Export value
Processed food, beverages & tobacco $1.1M
Chemicals & pharma $919K
Wood & paper products $480K
Textiles & consumer goods $470K
Machinery & equipment $317K
Raw materials & minerals $131K
Animal & marine products $76K
Raw agricultural goods $44K
Metals $41K
Miscellaneous $1K

Balance of trade

Guinea-Bissau Morocco
Current account balance
-$160M
2023
-$1.87B
2024
Current account balance ranking
95/190
2023
141/190
2024
Current account balance, % of GDP
-7.53%
2023
-1.16%
2024
Goods imports
$403M
2023
$66.5B
2024
Goods exports
$240M
2023
$39.3B
2024
Service imports
$189M
2023
$14.3B
2024
Service exports
$44.8M
2023
$28.2B
2024
Imports of goods and services, % of GDP
27%
2024
50.2%
2024
Exports of goods and services, % of GDP
11.8%
2024
42%
2024

Economic freedom indices

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

Guinea-Bissau Morocco
Economic freedom 43.2 61.8
Economic freedom ranking 181/197 91/197
Property rights 28.4 55.2
Government integrity 21 35.6
Judicial effectiveness 13.2 32.5
Tax burden 89 65.5
Government spending 86.5 67.5
Fiscal health 6.5 57.5
Business freedom 34.6 72.1
Labor freedom 55.9 46.2
Monetary freedom 75.9 79.6
Trade freedom 47 69.8
Investment freedom 30 80
Financial freedom 30 80

Economic freedom comparison by year

Guinea-Bissau
Morocco
1x
Year Economic freedom index
Guinea-Bissau Morocco
2026 43.2 61.8
2025 43.6 60.3
2024 42.7 56.8
2023 44.6 58.4
2022 46 59.2
2021 54.9 63.3
2020 53.3 63.3
2019 54 62.9
2018 56.9 61.9
2017 56.1 61.5
2016 51.8 61.3
2015 52 60.1
2014 51.3 58.3
2013 51.1 59.6
2012 50.1 60.2
2011 46.5 59.6
2010 43.6 59.2
2009 45.4 57.7
2008 44.4 55.6
2007 46.1 56.4
2006 46.5 51.5
2005 46 52.2
2004 42.6 56.7
2003 43.1 57.8
2002 42.3 59
2001 42.5 63.9
2000 34.7 63.2
1999 33.5 63.8
1998 - 61.1
1997 - 64.7
1996 - 64.3
1995 - 62.8

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Morocco
Services, % of GDP
37.9%
2024
52.7%
2024
Industry, % of GDP
15.6%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
10.6%
2024
GNI, Atlas method
$2.18B
2024
$149B
2024
GNI per capita, PPP
$3,140
2024
$10,260
2024
Total reserves including gold n/a
$37.1B
2024
Total reserves ranking n/a
52/177
2024
Net foreign direct investment
-$24.8M
2023
-$948M
2024
Net inflows of foreign direct investment
$26.7M
2024
$1.64B
2024
Net outflows of foreign direct investment
$389K
2024
$691M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
5.63%
2024
Poverty at national poverty lines
50.5%
2021
3.9%
2022
Gross capital formation, % of GDP
24.9%
2024
30.1%
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/morocco | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-02-20)
  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.