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Economy of Guinea-Bissau vs New Zealand compared: GDP & Debt

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $264B for New Zealand, ranking 176/197 and 53/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $145B (54.7% of GDP) in New Zealand.

Guinea-Bissau vs New Zealand GDP by year

Guinea-Bissau
New Zealand
1x
Year GDP, current $
Guinea-Bissau New Zealand
2025 $2,527,930,273 $264,057,413,740
2024 $2,197,777,210 $261,497,198,364
2023 $2,076,748,678 $256,372,177,758
2022 $1,856,239,955 $249,723,029,451
2021 $1,907,611,288 $253,732,493,988
2020 $1,705,062,170 $213,318,129,989
2019 $1,596,214,680 $213,088,034,258
2018 $1,554,133,594 $211,726,161,989
2017 $1,469,978,606 $206,561,943,051
2016 $1,245,074,264 $188,980,351,891
2015 $1,152,384,167 $178,147,457,243
2014 $1,135,250,721 $201,435,445,068
2013 $1,109,682,824 $190,943,478,290
2012 $1,049,412,177 $176,508,049,114
2011 $1,157,074,319 $168,458,838,711
2010 $940,112,539 $146,887,902,524
2009 $890,167,833 $121,663,439,315
2008 $952,667,544 $133,437,126,590
2007 $753,162,998 $137,188,946,866
2006 $634,781,901 $111,538,810,713
2005 $639,776,041 $114,720,129,550
2004 $582,169,841 $103,905,210,084
2003 $553,614,800 $88,250,885,550
2002 $466,773,711 $66,627,729,311
2001 $412,610,872 $53,872,425,917
2000 $391,345,597 $52,623,281,957
1999 $579,365,780 $58,762,260,626
1998 $591,034,143 $56,227,169,851
1997 $698,107,222 $66,075,143,415
1996 $702,965,148 $70,140,835,299
1995 $660,195,402 $63,918,703,507
1994 $612,502,085 $55,314,732,279
1993 $615,779,519 $46,775,620,817
1992 $588,309,271 $41,649,829,860
1991 $668,470,891 $42,745,329,732
1990 $634,187,269 $45,495,129,385
1989 $554,072,303 $43,920,222,525
1988 $427,514,322 $45,176,811,594
1987 $451,893,375 $40,376,354,070
1986 $338,524,233 $30,604,668,357
1985 $373,959,151 $24,679,795,396
1984 $359,980,491 $21,665,975,319
1983 $425,225,177 $24,309,279,706
1982 $430,284,022 $24,164,603,059
1981 $402,230,865 $24,417,617,184
1980 $287,648,258 $23,244,547,385
1979 $308,143,183 $20,731,243,113
1978 $318,876,550 $18,530,518,395
1977 $298,871,675 $15,446,825,318
1976 $292,152,321 $13,604,832,424
1975 $283,311,997 $12,861,983,284
1974 $256,769,730 $13,940,981,798
1973 $232,331,281 $12,802,281,898
1972 $227,986,203 $9,567,331,065
1971 $204,167,297 $7,911,136,757
1970 $204,670,551 $6,495,605,331
1969 - $5,814,357,709
1968 - $5,228,045,415
1967 - $6,016,017,227
1966 - $5,917,437,693
1965 - $5,706,251,400
1964 - $7,340,766,415
1963 - $6,699,741,645
1962 - $6,133,158,532
1961 - $5,721,994,864
1960 - $5,536,098,360

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

GDP per capita in Guinea-Bissau vs New Zealand by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
New Zealand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau New Zealand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $49,591 -
2024 $998 $3,119 $49,432 $55,551
2023 $964 $2,990 $49,302 $54,697
2022 $882 $2,789 $49,142 $54,034
2021 $927 $2,523 $49,902 $48,249
2020 $847 $2,340 $42,055 $45,513
2019 $811 $2,247 $42,872 $45,278
2018 $809 $2,058 $43,204 $42,527
2017 $783 $2,082 $42,912 $42,244
2016 $680 $1,824 $40,088 $39,989
2015 $645 $1,730 $38,649 $37,513
2014 $652 $1,456 $44,600 $37,331
2013 $654 $1,416 $42,985 $36,263
2012 $635 $1,402 $40,042 $33,055
2011 $720 $1,472 $38,426 $32,739
2010 $600 $1,370 $33,762 $31,305
2009 $583 $1,315 $28,277 $30,746
2008 $640 $1,309 $31,325 $29,896
2007 $519 $1,260 $32,480 $29,331
2006 $449 $1,226 $26,655 $27,732
2005 $463 $1,187 $27,751 $25,677
2004 $431 $1,105 $25,420 $25,124
2003 $420 $1,089 $21,914 $23,996
2002 $362 $1,095 $16,874 $23,306
2001 $327 $1,064 $13,883 $22,511
2000 $317 $1,014 $13,641 $21,500
1999 $479 $1,001 $15,322 $20,579
1998 $498 $861 $14,738 $19,323
1997 $599 $1,118 $17,474 $19,100
1996 $615 $1,052 $18,794 $18,392
1995 $589 $945 $17,400 $17,864
1994 $561 $909 $15,280 $17,108
1993 $582 $890 $13,094 $15,900
1992 $574 $880 $11,793 $14,877
1991 $672 $877 $12,230 $14,501
1990 $651 $824 $13,663 $14,812
1989 $578 - $13,312 -
1988 $454 - $13,759 -
1987 $488 - $12,331 -
1986 $371 - $9,428 -
1985 $417 - $7,601 -
1984 $407 - $6,714 -
1983 $489 - $7,598 -
1982 $503 - $7,656 -
1981 $477 - $7,814 -
1980 $347 - $7,467 -
1979 $376 - $6,668 -
1978 $403 - $5,937 -
1977 $403 - $4,951 -
1976 $421 - $4,374 -
1975 $435 - $4,172 -
1974 $419 - $4,611 -
1973 $392 - $4,323 -
1972 $389 - $3,295 -
1971 $348 - $2,773 -
1970 $350 - $2,311 -
1969 - - $2,097 -
1968 - - $1,902 -
1967 - - $2,208 -
1966 - - $2,211 -
1965 - - $2,171 -
1964 - - $2,839 -
1963 - - $2,646 -
1962 - - $2,471 -
1961 - - $2,365 -
1960 - - $2,334 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $49,591 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while New Zealand ranks 38th at $55,551.

Economic indicators

Guinea-Bissau New Zealand
Gross domestic product
$2.53B
2025
$264B
2025
GDP rank
176/197
2025
53/197
2025
GDP growth
5.82%
2024-2025
0.46%
2024-2025
GDP per capita
$1,124
2025
$49,591
2025
GDP per capita rank
177/197
2025
26/197
2025
GDP per capita, PPP
$3,119
2024
$55,551
2024
GDP per capita PPP rank
179/197
2024
38/197
2024
Government debt
$1.9B
2025
$145B
2025
Debt-to-GDP ratio
75.3%
2025
54.7%
2025
Government debt per person
$846
2025
$27,139
2025
Government debt per person rank
149/185
2025
27/185
2025
Average annual personal income after taxes
$1,483
2026
$36,222
2026
Market capitalization of domestic companies n/a
$103B
2025
Number of billionaires n/a
5
2026
Income share by richest 10%
26.1%
2021
n/a
Income share by poorest 10%
3.4%
2021
n/a
Government expenditure, % of GDP
19.9%
2025
41.6%
2025
Consumer prices inflation
0.9%
2024-2025
2.84%
2024-2025
Central bank interest rate n/a
2.25%
2025
Unemployment rate
2.67%
2022
5.26%
2025
Population
2323460
5380024

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
New Zealand
Spending

Debt
1x
Year % of GDP
Guinea-Bissau New Zealand
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 41.6% 54.7%
2024 20.4% 82.4% 41.7% 51.4%
2023 21.9% 79.4% 41% 47.3%
2022 21.3% 80.7% 41.7% 46.9%
2021 25% 78.8% 41.8% 47.5%
2020 25% 77.6% 41.9% 43.2%
2019 18.8% 65.1% 38.7% 31.8%
2018 19.5% 59.1% 36.1% 28.1%
2017 18.1% 51.8% 35.6% 31.1%
2016 20.5% 59.1% 36.4% 33.4%
2015 21.5% 56.3% 37.2% 34.2%
2014 23% 60.1% 37.6% 34.2%
2013 12.4% 49.6% 38.6% 34.6%
2012 13% 47.4% 39.7% 35.7%
2011 17.3% 45.6% 42.3% 34.7%
2010 18.5% 61.7% 42.9% 29.6%
2009 20.6% 148.3% 40.3% 24.3%
2008 21.8% 148.8% 38.4% 19%
2007 23.7% 164% 37% 16.3%
2006 19.8% 190.4% 37.8% 18.4%
2005 20.2% 203.7% 37.1% 20.8%
2004 23% 202% 36.1% 22.5%
2003 17% 183.4% 36.6% 24.7%
2002 14.1% 197.5% 36.7% 26.4%
2001 19.1% 204.4% 37.2% 28.2%
2000 23.5% 217.1% 38.2% 30%
1999 12.1% 109.9% 39.2% 32%
1998 8.72% 109.1% 40.1% 34.5%
1997 12.7% 94.3% 39.3% 34.6%
1996 8.93% 117.3% 39.8% 37.3%
1995 8.14% 103.3% 41.6% 43.5%
1994 18.4% 105.5% 42.7% 48.9%
1993 13.1% 112.4% 46.7% 54.6%
1992 10.1% 85.3% 52.4% 58.7%
1991 9.19% 88.9% 52.9% 58%
1990 - - 49.5% 55.5%
1989 - - 47.8% 54.9%
1988 - - 46.1% 54.7%
1987 - - 46.1% 62.9%
1986 - - 46.9% 68.5%
1985 - - 46.2% 64.1%
1984 - - 40.7% 62.8%
1983 - - 41.4% 59.6%
1982 - - 39.9% 51.5%
1981 - - 39.1% 50.5%
1980 - - 38% 52.2%
1979 - - 38.4% 52%
1978 - - 36.6% 50%
1977 - - 30% 44.6%
1976 - - 31.6% 47.6%
1975 - - 30.1% 41.4%
1974 - - 27.3% 39.6%
1973 - - 27.1% 44%
1972 - - 26.4% 46%
1971 - - 26.8% 71.3%
1970 - - 24.8% 76.5%
1969 - - 25.9% 85.8%
1968 - - 26.2% 86.5%
1967 - - 26% 59.7%
1966 - - 25% 58.2%
1965 - - 24.9% 59.6%
1964 - - 19.4% 61.8%
1963 - - 19.4% 64.5%
1962 - - 21.6% 65%
1961 - - 21.1% 64.6%
1960 - - 25.3% 68.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while New Zealand spent $110B, or 41.6% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 54.7% in New Zealand, ranking 49/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

New Zealand
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau New Zealand
2025 -6.69% -3.86%
2024 -7.26% -3.21%
2023 -8.15% -3.22%
2022 -6.06% -3.96%
2021 -5.88% -3.35%
2020 -9.64% -4.21%
2019 -3.86% -2.44%
2018 -4.76% 1.31%
2017 -1.32% 1.38%
2016 -5.34% 0.98%
2015 -3.16% 0.37%
2014 -2.44% -0.33%
2013 -1.67% -1.28%
2012 -2.12% -2.18%
2011 -1.35% -4.94%
2010 -0.23% -5.49%
2009 2.68% -1.8%
2008 -0.73% 1.48%
2007 -8.77% 3.6%
2006 -4.57% 4.62%
2005 -4.96% 5.13%
2004 -5.92% 4.49%
2003 -5.63% 3.69%
2002 -3.7% 2.56%
2001 -1.83% 1.29%
2000 -2.8% 0.18%
1999 -4.06% -1.1%
1998 -5.95% -0.47%
1997 -2.56% 1.24%
1996 3.48% 2.58%
1995 2.45% 3.7%
1994 -5.54% 2%
1993 -0.34% -1.51%
1992 -0.25% -6.25%
1991 1.61% -6.12%
1990 - -2.72%
1989 - -2.16%
1988 - -1.88%
1987 - -3.43%
1986 - -5.33%
1985 - -6.97%
1984 - -8.68%
1983 - -6.64%
1982 - -6.26%
1981 - -6.02%
1980 - -4.9%
1979 - -6.55%
1978 - -3.41%
1977 - -1.09%
1976 - -2.07%
1975 - 0.11%
1974 - 0.03%
1973 - -0.07%
1972 - 0.12%
1971 - 0.09%
1970 - -0.05%
1969 - 0.17%
1968 - 0.03%
1967 - 0.02%
1966 - 0.09%
1965 - 0.26%
1964 - -0.08%
1963 - -0.26%
1962 - 0.02%
1961 - 0.03%
1960 - 0.05%
1959 - 0.03%
1958 - -0.02%
1957 - 0.32%
1956 - 1.33%
1955 - 0.73%
1954 - 0.22%
1953 - 0.43%
1952 - 1.73%
1951 - 1.17%
1950 - 0.78%
1949 - 0.53%
1948 - 0.36%
1947 - 1.07%
1946 - 0.31%
1945 - 0.32%
1944 - 0.59%
1943 - 1.24%
1942 - 0.56%
1941 - 0.64%
1940 - 0.13%
1939 - 0.34%
1938 - 0.38%
1937 - 0.23%
1936 - 0.17%
1935 - 1.19%
1934 - -0.55%
1933 - 0.02%
1932 - -1.77%
1931 - -1.12%
1930 - 0.09%
1929 - -0.37%
1928 - 0.12%
1927 - 0.4%
1926 - 0.72%
1925 - 0.78%
1924 - 1.2%
1923 - 0.95%
1922 - -0.2%
1921 - 3.55%
1920 - 1.51%
1919 - 2.9%
1918 - 4.35%
1917 - 3.89%
1916 - 1.46%
1915 - 0.06%
1914 - 0.45%
1913 - 0.79%
1912 - 0.89%
1911 - 1.24%
1910 - 0.36%
1909 - 0.31%
1908 - 1.26%
1907 - 1.13%
1906 - 0.97%
1905 - 1.41%
1904 - 1.42%
1903 - 0.55%
1902 - 0.63%
1901 - 1.11%
1900 - 1.59%
1899 - 1.15%
1898 - 1.38%
1897 - 0.86%
1896 - 0.65%
1895 - 0.32%
1894 - 0.76%
1893 - 1.14%
1892 - 0.09%
1891 - 0.46%
1890 - 0.05%
1889 - 0.59%
1888 - -1.64%
1887 - -1.63%
1886 - -0.53%
1885 - -0.47%
1884 - -0.1%
1883 - 0.38%
1882 - 0.18%
1881 - -2.33%
1880 - -2.39%
1879 - -0.55%
1878 - -0.85%
1877 - -2.53%
1876 - -5.28%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

In 2025, Guinea-Bissau's government deficit, the difference between spending and revenue, was $169M, equivalent to 6.69% of GDP. This compares to New Zealand's deficit of $10.2B, or 3.86% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while New Zealand ran a deficit in 18 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to deficit of 0.43% of GDP for New Zealand.

Inflation comparison by year

Inflation
Guinea-Bissau

New Zealand
1x
Year Consumer prices inflation
Guinea-Bissau New Zealand
2025 0.9% 2.84%
2024 3.7% 2.92%
2023 7.2% 5.73%
2022 7.9% 7.17%
2021 3.3% 3.94%
2020 1.5% 1.71%
2019 0.3% 1.62%
2018 0.4% 1.6%
2017 -0.2% 1.85%
2016 2.7% 0.65%
2015 1.5% 0.29%
2014 -1% 1.23%
2013 0.8% 1.13%
2012 2.1% 1.06%
2011 5.1% 4.03%
2010 1.1% 2.3%
2009 -1.6% 2.12%
2008 10.4% 3.96%
2007 4.6% 2.38%
2006 2% 3.37%
2005 3.4% 3.04%
2004 0.8% 2.29%
2003 -3.5% 1.75%
2002 3.3% 2.68%
2001 3.3% 2.63%
2000 8.6% 2.62%
1999 -2.1% -0.11%
1998 8.1% 1.27%
1997 49.1% 1.19%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 2.39% in New Zealand. In 2025, inflation was 0.9% in Guinea-Bissau and 2.84% in New Zealand.

Balance of trade

Guinea-Bissau New Zealand
Current account balance
-$162M
2024
-$9.56B
2025
Current account balance ranking
87/190
2024
174/190
2025
Current account balance, % of GDP
-7.36%
2024
-3.62%
2025
Goods imports
$414M
2024
$48.2B
2025
Goods exports
$229M
2024
$47.2B
2025
Service imports
$198M
2024
$20.3B
2025
Service exports
$51M
2024
$19.5B
2025
Imports of goods and services, % of GDP
27%
2025
26%
2024
Exports of goods and services, % of GDP
13.9%
2025
24.7%
2024

Economic freedom indices

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

Guinea-Bissau New Zealand
Economic freedom 43.2 77.8
Economic freedom ranking 181/197 13/197
Property rights 28.4 85.4
Government integrity 21 90
Judicial effectiveness 13.2 95.9
Tax burden 89 66.1
Government spending 86.5 48
Fiscal health 6.5 72.2
Business freedom 34.6 89.1
Labor freedom 55.9 68.6
Monetary freedom 75.9 77.4
Trade freedom 47 90.6
Investment freedom 30 70
Financial freedom 30 80

Economic freedom comparison by year

Guinea-Bissau
New Zealand
1x
Year Economic freedom index
Guinea-Bissau New Zealand
2026 43.2 77.8
2025 43.6 78.1
2024 42.7 77.8
2023 44.6 78.9
2022 46 80.6
2021 54.9 83.9
2020 53.3 84.1
2019 54 84.4
2018 56.9 84.2
2017 56.1 83.7
2016 51.8 81.6
2015 52 82.1
2014 51.3 81.2
2013 51.1 81.4
2012 50.1 82.1
2011 46.5 82.3
2010 43.6 82.1
2009 45.4 82
2008 44.4 80.7
2007 46.1 81.4
2006 46.5 82
2005 46 82.3
2004 42.6 81.5
2003 43.1 81.1
2002 42.3 80.7
2001 42.5 81.1
2000 34.7 80.9
1999 33.5 81.7
1998 - 79.2
1997 - 79
1996 - 78.1

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 77.8 for New Zealand, ranking 13/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau New Zealand
Services, % of GDP
39.1%
2025
68.2%
2023
Industry, % of GDP
15.7%
2025
19.4%
2023
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
4.01%
2023
GNI, Atlas method
$2.45B
2025
$248B
2025
GNI per capita, PPP
$3,320
2025
$53,600
2025
Total reserves including gold n/a
$28.2B
2025
Total reserves ranking n/a
59/177
2025
Net foreign direct investment
-$26.3M
2024
-$3.58B
2025
Net inflows of foreign direct investment
$26.7M
2024
$1.76B
2024
Net outflows of foreign direct investment
$389K
2024
$882M
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
n/a
Poverty at national poverty lines
50.5%
2021
n/a
Gross capital formation, % of GDP
25.8%
2025
23.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/new-zealand | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1876–1996, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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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.