Guinea-Bissau vs North Macedonia: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, North Macedonia and Guinea-Bissau ranked 110th vs 44th and 100th vs 179th, respectively.

Gross Domestic Product & Income

StatGuinea-BissauNorth Macedonia
GDP$1.5B$12.7B
GDP growth, 1 year3.8%2.7%
GDP growth, 5-years average4.6%2.6%
Population1.9M2.1M
GDP per capita$778$6.1k
GDP per capita growth1.24%2.62%
Purchasing Power Parity conversion factor240.3119.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.37
GDP per capita, PPP adjusted$1.9k$16k
GNI, Atlas method$1.4B$11.4B
GNI per capita$750$5.5k
GNI, PPP adjusted$3.4B$32.6B
GNI per capita, PPP adjusted$1.8k$16k

Financial system and Human development

StatGuinea-BissauNorth Macedonia
Income Tax Rate20%10%
Corporate Tax Rate25%10%
Inflation, consumer prices1.4%1.5%
Inflation, GDP deflator-0.4%4.3%
Unemployment4.1%21.6%
Economic Freedom Index53.369.5
Personal Freedom Index6.838.17
Human Freedom Index5.977.55
Property Rights Index41.362.5
Judical Effectiveness Index48.442.7
Business Freedom Index39.180.6
Fiscal Health Index67.387.7
Labor Freedom Index61.267
Investment Freedom Index3065
Financial Freedom Index3060
Trade Freedom Index4986.2
Monetary Freedom Index82.777.7
Government Spending Index86.771
Tax Burden Index88.791.5
Government Integrity Index14.842.2
Corruption Perceptions Index1637
Life expectancy at birth, years57.775.6
Suicide mortality rate, per 100,000 people47.9
Mortality caused by road traffic injury, per 100,000 people31.16.4
Intentional homicides, per 100,000 people1.11.5
International tourism, number of arrivals45k707k

Government debt & reserves

StatGuinea-BissauNorth Macedonia
Central government debt, % of GDP56.1%39.5%
External debt stocks, % of GNI28.9%72%
External debt stocks$420.7M$8.7B
Short-term debt, % of total reservesN/A40.9%
Total debt service, % of exports and primary income1.9%16.6%
Adjusted net savings including particulate emission damage, % of GNI-11%15.4%
Gross savings, % of GDP8.8%33%
Gross capital formation, % of GDP10.9%33%
Total reserves including goldN/A$3.3B
Foreign direct investment net inflows$20.6M$648.7M

Exports, imports and economic structure

StatGuinea-BissauNorth Macedonia
Exports of goods and services, % of GDP25.3%60.3%
Imports of goods and services, % of GDP32.5%72.9%
Current account balance (balance of payments)-$54.1M-$25.6M
Revenue excluding grants, % of GDP12.7%26.8%
Grants excluding technical cooperation, BoP$80M$133.8M
Personal remittances received$127.9M$344.5M
Industry including construction value added, % of GDP12.6%23.6%
Agriculture, forestry and fishing value added, % of GDP47.5%7.2%
Charges for the use of intellectual property, payments BoP$2.4k$188.8M
Charges for the use of intellectual property, receipts BoP$79k$11.8M
Expense, % of GDP12.6%27.9%
Government Expenditure, % of GDP21.1%31.1%

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

North Macedonia vs

CountryGDP
per capita
Population
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
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M