Skip to content

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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $74.1B for Myanmar, ranking 176/197 and 85/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Guinea-Bissau vs Myanmar GDP by year

Guinea-Bissau
Myanmar
1x
Year GDP, current $
Guinea-Bissau Myanmar
2024 $2,218,393,805 $74,068,349,524
2023 $2,127,688,181 $66,757,619,000
2022 $1,859,601,384 $62,253,049,903
2021 $1,908,094,558 $66,345,291,149
2020 $1,705,057,581 $79,006,113,670
2019 $1,596,227,316 $75,065,106,243
2018 $1,554,133,594 $67,860,515,993
2017 $1,469,978,606 $66,053,040,475
2016 $1,245,074,264 $63,298,361,984
2015 $1,152,384,167 $59,607,290,408
2014 $1,135,250,721 $65,531,374,210
2013 $1,109,682,824 $60,269,732,855
2012 $1,049,412,177 $59,937,796,648
2011 $1,157,074,319 $59,977,326,086
2010 $940,112,539 $49,540,813,342
2009 $890,167,833 $36,906,181,381
2008 $952,667,544 $31,862,554,102
2007 $753,162,998 $20,182,477,481
2006 $634,781,901 $14,502,553,710
2005 $639,776,041 $11,986,972,419
2004 $582,169,841 $10,567,354,056
2003 $553,614,800 $10,467,109,978
2002 $466,773,711 $6,777,632,512
2001 $412,610,872 $6,477,790,688
2000 $391,345,597 $8,905,066,164
1999 $579,365,780 $8,486,832,801
1998 $591,034,143 $6,459,461,639
1997 $698,107,222 $4,722,288,496
1996 $702,965,148 $6,123,556,717
1995 $660,195,402 $5,289,174,943
1994 $612,502,085 $4,432,257,174
1993 $615,779,519 $3,163,020,035
1992 $588,309,271 $2,411,552,289
1991 $668,470,891 $2,069,832,687
1990 $634,187,269 $2,115,193,513
1989 $554,072,303 $2,013,448,229
1988 $427,514,322 $1,541,088,312
1987 $451,893,375 $1,562,448,077
1986 $338,524,233 $1,582,873,750
1985 $373,959,151 $1,478,908,173
1984 $359,980,491 $1,304,063,253
1983 $425,225,177 $1,381,573,615
1982 $430,284,022 $1,481,165,468
1981 $402,230,865 $1,111,000,765
1980 $287,648,258 $1,038,225,167
1979 $308,143,183 $952,265,043
1978 $318,876,550 $935,408,775
1977 $298,871,675 $873,579,932
1976 $292,152,321 $1,204,699,849
1975 $283,311,997 $1,061,107,354
1974 $256,769,730 $1,225,589,878
1973 $232,331,281 $719,754,655
1972 $227,986,203 $662,213,083
1971 $204,167,297 $587,448,405
1970 $204,670,551 $563,555,631
1969 - $571,854,215
1968 - $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

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

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

GDP per capita in Guinea-Bissau vs Myanmar by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $1,359 $5,997
2023 $988 $2,990 $1,233 $5,953
2022 $883 $2,789 $1,158 $5,732
2021 $927 $2,523 $1,243 $5,178
2020 $847 $2,340 $1,490 $5,741
2019 $811 $2,247 $1,426 $6,101
2018 $809 $2,058 $1,298 $5,581
2017 $783 $2,082 $1,273 $4,706
2016 $680 $1,824 $1,229 $4,460
2015 $645 $1,730 $1,167 $4,459
2014 $652 $1,456 $1,293 $4,376
2013 $654 $1,416 $1,199 $4,144
2012 $635 $1,402 $1,203 $3,845
2011 $720 $1,472 $1,214 $3,579
2010 $600 $1,370 $1,011 $3,348
2009 $583 $1,315 $758 $3,040
2008 $640 $1,309 $658 $2,748
2007 $519 $1,260 $419 $2,459
2006 $449 $1,226 $303 $2,153
2005 $463 $1,187 $252.7 $1,860
2004 $431 $1,105 $224.5 $1,601
2003 $420 $1,089 $224.3 $1,385
2002 $362 $1,095 $146.6 $1,204
2001 $327 $1,064 $141.5 $1,069
2000 $317 $1,014 $196.6 $949
1999 $479 $1,001 $189.5 $825
1998 $498 $861 $146 $742
1997 $599 $1,118 $108 $702
1996 $615 $1,052 $141.9 $661
1995 $589 $945 $124.1 $618
1994 $561 $909 $105.4 $573
1993 $582 $890 $76.2 $529
1992 $574 $880 $58.9 $494
1991 $672 $877 $51.2 $447
1990 $651 $824 $53.1 $441
1989 $578 - $51.3 -
1988 $454 - $39.9 -
1987 $488 - $41.1 -
1986 $371 - $42.4 -
1985 $417 - $40.4 -
1984 $407 - $36.3 -
1983 $489 - $39.3 -
1982 $503 - $43 -
1981 $477 - $32.8 -
1980 $347 - $31.2 -
1979 $376 - $29.2 -
1978 $403 - $29.3 -
1977 $403 - $27.9 -
1976 $421 - $39.2 -
1975 $435 - $35.2 -
1974 $419 - $41.4 -
1973 $392 - $24.8 -
1972 $389 - $23.3 -
1971 $348 - $21.1 -
1970 $350 - $20.7 -
1969 - - $21.5 -
1968 - - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

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

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Myanmar ranks 153rd at $5,997.

Economic indicators

Guinea-Bissau Myanmar
Gross domestic product
$2.22B
2024
$74.1B
2024
GDP rank
176/197
2024
85/197
2024
GDP growth
4.15%
2023-2024
-0.97%
2023-2024
GDP per capita
$1,008
2024
$1,359
2024
GDP per capita rank
177/197
2024
165/197
2024
GDP per capita, PPP
$3,119
2024
$5,997
2024
GDP per capita PPP rank
179/197
2024
153/197
2024
Government debt
$1.82B
2024
$44B
2024
Debt-to-GDP ratio
82.2%
2024
59.3%
2024
Government debt per person
$828
2024
$806
2024
Government debt per person rank
146/185
2024
150/185
2024
Average annual personal income after taxes
$1,711
2026
$1,646
2026
Income share by richest 10%
26.1%
2021
25.5%
2017
Income share by poorest 10%
3.4%
2021
3.8%
2017
Government expenditure, % of GDP
20.4%
2024
20.7%
2024
Consumer prices inflation
3.7%
2023-2024
8.83%
2018-2019
Unemployment rate
2.67%
2022
1.48%
2020
Population
2311915
55292116

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Myanmar
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 20.7% 59.3%
2023 21.9% 79.4% 21.4% 59.1%
2022 21.3% 80.7% 21.3% 56.1%
2021 25% 78.8% 20.9% 63.4%
2020 25% 77.6% 21.3% 49.1%
2019 18.8% 65.1% 20.5% 37.6%
2018 19.5% 59.1% 18.7% 39.9%
2017 18.1% 51.8% 19.7% 41.9%
2016 20.5% 59.1% 21.3% 35.7%
2015 21.5% 56.3% 23.7% 36.6%
2014 23% 60.1% 24.7% 34.5%
2013 12.4% 49.6% 23.9% 44.8%
2012 13% 47.4% 20% 48%
2011 17.3% 45.6% 15.6% 49.9%
2010 18.5% 61.7% 15.8% 54.4%
2009 20.6% 148.3% 14.4% 56.4%
2008 21.8% 148.8% 14.4% 59.8%
2007 23.7% 164% 15.7% 77.4%
2006 19.8% 190.4% 15.6% 103.1%
2005 20.2% 203.7% 14.6% 119%
2004 23% 202% 14.6% 126.6%
2003 17% 183.4% 14.3% 146%
2002 14.1% 197.5% 15.3% 190.6%
2001 19.1% 204.4% 19.1% 262%
2000 23.5% 217.1% 21.4% 164.5%
1999 12.1% 109.9% 22.8% 150.7%
1998 8.72% 109.1% 25.2% 208.6%
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/myanmar | CC BY

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 59.3% in Myanmar, ranking 41/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Myanmar
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Myanmar
2024 -7.26% -5.06%
2023 -8.15% -5.18%
2022 -6.06% -2.82%
2021 -5.88% -2.47%
2020 -9.64% -6.5%
2019 -3.86% -4.7%
2018 -4.76% -2.77%
2017 -1.32% -3.42%
2016 -5.34% -2.53%
2015 -3.16% -4.33%
2014 -2.44% -1.06%
2013 -1.67% -1.53%
2012 -2.12% -2.7%
2011 -1.35% -4.82%
2010 -0.23% -5.4%
2009 2.68% -3.55%
2008 -0.73% -2.73%
2007 -8.77% -3.52%
2006 -4.57% -3.42%
2005 -4.96% -3.49%
2004 -5.92% -4.62%
2003 -5.63% -4.24%
2002 -3.7% -4.01%
2001 -1.83% -6.34%
2000 -2.8% -6.03%
1999 -4.06% -4.46%
1998 -5.95% -4.89%
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Guinea-Bissau recorded a fiscal deficit in 26 of those years, while Myanmar ran a deficit in 27 years. On average, Guinea-Bissau posted an annual deficit equal to 4.06% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Guinea-Bissau

Myanmar
1x
Year Consumer prices inflation
Guinea-Bissau Myanmar
2024 3.7% -
2023 7.2% -
2022 7.9% -
2021 3.3% -
2020 1.5% -
2019 0.3% 8.83%
2018 0.4% 6.87%
2017 -0.2% 4.57%
2016 2.7% 6.93%
2015 1.5% 9.45%
2014 -1% 4.95%
2013 0.8% 5.64%
2012 2.1% 1.47%
2011 5.1% 5.02%
2010 1.1% 7.72%
2009 -1.6% 1.47%
2008 10.4% 26.8%
2007 4.6% 35%
2006 2% 20%
2005 3.4% 9.37%
2004 0.8% 4.53%
2003 -3.5% 36.6%
2002 3.3% 57.1%
2001 3.3% 21.1%
2000 8.6% -0.11%
1999 -2.1% 18.4%
1998 8.1% 51.5%
1997 49.1% 29.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Guinea-Bissau has recorded an average annual inflation rate of 4.31%, compared with 16.2% in Myanmar. In 2019, inflation was 3.7% in Guinea-Bissau and 8.83% in Myanmar.

Top exports between countries

Guinea-Bissau
Export category Export value
Myanmar
Export category Export value
Raw agricultural goods $420K

Balance of trade

Guinea-Bissau Myanmar
Current account balance
-$160M
2023
$67.7M
2019
Current account balance ranking
95/190
2023
71/190
2019
Current account balance, % of GDP
-7.53%
2023
+0.09%
2019
Goods imports
$403M
2023
$13.7B
2019
Goods exports
$240M
2023
$10.8B
2019
Service imports
$189M
2023
$3.66B
2019
Service exports
$44.8M
2023
$6.68B
2019
Imports of goods and services, % of GDP
27%
2024
n/a
Exports of goods and services, % of GDP
11.8%
2024
24.3%
2025

Economic freedom indices

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

Guinea-Bissau Myanmar
Economic freedom 43.2 44.5
Economic freedom ranking 181/197 180/197
Property rights 28.4 5.7
Government integrity 21 18.1
Judicial effectiveness 13.2 3.9
Tax burden 89 88.6
Government spending 86.5 86.6
Fiscal health 6.5 62.7
Business freedom 34.6 37.9
Labor freedom 55.9 53.2
Monetary freedom 75.9 57.5
Trade freedom 47 69.4
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Guinea-Bissau
Myanmar
1x
Year Economic freedom index
Guinea-Bissau Myanmar
2026 43.2 44.5
2025 43.6 43.7
2024 42.7 42.2
2023 44.6 46.5
2022 46 49.6
2021 54.9 55.2
2020 53.3 54
2019 54 53.6
2018 56.9 53.9
2017 56.1 52.5
2016 51.8 48.7
2015 52 46.9
2014 51.3 46.5
2013 51.1 39.2
2012 50.1 38.7
2011 46.5 37.8
2010 43.6 36.7
2009 45.4 37.7
2008 44.4 39.5
2007 46.1 41
2006 46.5 40
2005 46 40.5
2004 42.6 43.6
2003 43.1 44.9
2002 42.3 45.5
2001 42.5 46.1
2000 34.7 47.9
1999 33.5 46.4
1998 - 45.7
1997 - 45.4
1996 - 45.1

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Myanmar
Services, % of GDP
37.9%
2024
41.4%
2024
Industry, % of GDP
15.6%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
20.8%
2024
GNI, Atlas method
$2.18B
2024
$65.9B
2024
GNI per capita, PPP
$3,140
2024
$5,890
2024
Total reserves including gold n/a
$9.34B
2023
Total reserves ranking n/a
81/177
2023
Net foreign direct investment
-$24.8M
2023
-$1.74B
2019
Net inflows of foreign direct investment
$26.7M
2024
$1.1B
2024
Net outflows of foreign direct investment
$389K
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
1.31%
2024
Poverty at national poverty lines
50.5%
2021
24.8%
2017
Gross capital formation, % of GDP
24.9%
2024
n/a

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/myanmar | 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 (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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2020, retrieved 2026-02-08)

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.