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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $110B for Oman, ranking 176/197 and 70/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Guinea-Bissau vs Oman GDP by year

Guinea-Bissau
Oman
1x
Year GDP, current $
Guinea-Bissau Oman
2025 $2,527,930,273 $109,604,780,696
2024 $2,197,777,210 $107,137,198,700
2023 $2,076,748,678 $106,174,707,932
2022 $1,856,239,955 $109,852,795,839
2021 $1,907,611,288 $87,323,797,139
2020 $1,705,062,170 $75,909,492,848
2019 $1,596,214,680 $88,060,858,257
2018 $1,554,133,594 $91,505,851,756
2017 $1,469,978,606 $80,856,697,009
2016 $1,245,074,264 $75,128,738,622
2015 $1,152,384,167 $78,710,793,238
2014 $1,135,250,721 $92,699,089,727
2013 $1,109,682,824 $89,936,020,806
2012 $1,049,412,177 $87,408,842,653
2011 $1,157,074,319 $77,497,529,259
2010 $940,112,539 $64,993,498,049
2009 $890,167,833 $55,454,096,229
2008 $952,667,544 $69,804,681,404
2007 $753,162,998 $48,300,390,117
2006 $634,781,901 $42,577,633,290
2005 $639,776,041 $35,506,892,068
2004 $582,169,841 $28,378,933,680
2003 $553,614,800 $24,733,680,104
2002 $466,773,711 $23,065,539,662
2001 $412,610,872 $22,205,721,717
2000 $391,345,597 $22,259,557,867
1999 $579,365,780 $17,832,769,831
1998 $591,034,143 $16,044,213,264
1997 $698,107,222 $18,039,791,938
1996 $702,965,148 $17,402,080,624
1995 $660,195,402 $15,722,236,671
1994 $612,502,085 $14,715,214,564
1993 $615,779,519 $14,230,429,129
1992 $588,309,271 $14,183,615,085
1991 $668,470,891 $12,918,335,501
1990 $634,187,269 $13,310,273,082
1989 $554,072,303 $9,372,171,651
1988 $427,514,322 $8,386,215,865
1987 $451,893,375 $7,811,183,095
1986 $338,524,233 $7,324,167,369
1985 $373,959,151 $10,005,645,420
1984 $359,980,491 $8,821,443,151
1983 $425,225,177 $7,932,541,691
1982 $430,284,022 $7,554,719,456
1981 $402,230,865 $7,259,120,151
1980 $287,648,258 $5,981,760,278
1979 $308,143,183 $3,733,352,635
1978 $318,876,550 $2,740,301,390
1977 $298,871,675 $2,741,169,948
1976 $292,152,321 $2,560,220,035
1975 $283,311,997 $2,096,699,189
1974 $256,769,730 $1,645,917,776
1973 $232,331,281 $483,066,991
1972 $227,986,203 $366,883,548
1971 $204,167,297 $301,010,587
1970 $204,670,551 $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Guinea-Bissau vs Oman by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $19,947 -
2024 $998 $3,119 $20,285 $41,740
2023 $964 $2,990 $21,028 $41,945
2022 $882 $2,789 $23,224 $42,616
2021 $927 $2,523 $19,403 $38,719
2020 $847 $2,340 $16,785 $35,163
2019 $811 $2,247 $19,180 $37,251
2018 $809 $2,058 $19,902 $37,780
2017 $783 $2,082 $17,820 $33,619
2016 $680 $1,824 $17,110 $33,334
2015 $645 $1,730 $18,808 $36,058
2014 $652 $1,456 $23,161 $44,236
2013 $654 $1,416 $23,458 $47,013
2012 $635 $1,402 $24,642 $49,989
2011 $720 $1,472 $25,188 $52,393
2010 $600 $1,370 $23,570 $55,667
2009 $583 $1,315 $20,656 $55,127
2008 $640 $1,309 $26,577 $52,841
2007 $519 $1,260 $18,793 $48,627
2006 $449 $1,226 $16,931 $46,091
2005 $463 $1,187 $14,435 $43,673
2004 $431 $1,105 $11,801 $42,142
2003 $420 $1,089 $10,464 $40,935
2002 $362 $1,095 $9,869 $41,511
2001 $327 $1,064 $9,612 $41,679
2000 $317 $1,014 $9,754 $39,443
1999 $479 $1,001 $7,915 $36,792
1998 $498 $861 $7,219 $36,666
1997 $599 $1,118 $8,235 $36,809
1996 $615 $1,052 $8,068 $34,661
1995 $589 $945 $7,414 $33,598
1994 $561 $909 $7,068 $31,925
1993 $582 $890 $7,039 $30,987
1992 $574 $880 $7,318 $29,773
1991 $672 $877 $6,977 $28,109
1990 $651 $824 $7,546 $26,904
1989 $578 - $5,591 -
1988 $454 - $5,279 -
1987 $488 - $5,204 -
1986 $371 - $5,182 -
1985 $417 - $7,549 -
1984 $407 - $7,070 -
1983 $489 - $6,714 -
1982 $503 - $6,759 -
1981 $477 - $6,866 -
1980 $347 - $5,974 -
1979 $376 - $3,934 -
1978 $403 - $3,044 -
1977 $403 - $3,205 -
1976 $421 - $3,143 -
1975 $435 - $2,692 -
1974 $419 - $2,203 -
1973 $392 - $670 -
1972 $389 - $524 -
1971 $348 - $442 -
1970 $350 - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Oman ranks 55th at $41,740.

Economic indicators

Guinea-Bissau Oman
Gross domestic product
$2.53B
2025
$110B
2025
GDP rank
176/197
2025
70/197
2025
GDP growth
5.82%
2024-2025
2.4%
2024-2025
GDP per capita
$1,124
2025
$19,947
2025
GDP per capita rank
177/197
2025
60/197
2025
GDP per capita, PPP
$3,119
2024
$41,740
2024
GDP per capita PPP rank
179/197
2024
55/197
2024
Government debt
$1.9B
2025
$39.2B
2025
Debt-to-GDP ratio
75.3%
2025
35.8%
2025
Government debt per person
$846
2025
$7,132
2025
Government debt per person rank
149/185
2025
70/185
2025
Average annual personal income after taxes
$1,483
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires n/a
2
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
28.9%
2025
Consumer prices inflation
0.9%
2024-2025
1%
2024-2025
Central bank interest rate n/a
4.5%
2025
Unemployment rate
2.67%
2022
3.3%
2024
Population
2323460
5775345

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Oman
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 28.9% 35.8%
2024 20.4% 82.4% 28.7% 35.5%
2023 21.9% 79.4% 27.5% 37.4%
2022 21.3% 80.7% 31.1% 41.7%
2021 25% 78.8% 36.5% 61.9%
2020 25% 77.6% 44.5% 67.9%
2019 18.8% 65.1% 38.8% 52.5%
2018 19.5% 59.1% 38.3% 44.7%
2017 18.1% 51.8% 39.4% 40.1%
2016 20.5% 59.1% 44.6% 29.3%
2015 21.5% 56.3% 44.5% 13.9%
2014 23% 60.1% 41.4% 4.04%
2013 12.4% 49.6% 39.3% 4.66%
2012 13% 47.4% 38.6% 4.59%
2011 17.3% 45.6% 34.5% 4.44%
2010 18.5% 61.7% 30.6% 5.46%
2009 20.6% 148.3% 33.4% 5.8%
2008 21.8% 148.8% 25.6% 3.2%
2007 23.7% 164% 30.7% 4.44%
2006 19.8% 190.4% 30.1% 7.56%
2005 20.2% 203.7% 30.6% 8.39%
2004 23% 202% 34.1% 14.5%
2003 17% 183.4% 34% 13%
2002 14.1% 197.5% 34.1% 15.9%
2001 19.1% 204.4% 33.3% 22.5%
2000 23.5% 217.1% 31.2% 21.7%
1999 12.1% 109.9% 34.2% 28.9%
1998 8.72% 109.1% 36.1% 30.9%
1997 12.7% 94.3% 32.1% 20.8%
1996 8.93% 117.3% 33.5% 21.2%
1995 8.14% 103.3% 38.2% 21.9%
1994 18.4% 105.5% 39.7% 23.6%
1993 13.1% 112.4% 40.1% 22.2%
1992 10.1% 85.3% 40.1% 23.1%
1991 9.19% 88.9% 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 35.8% in Oman, ranking 49/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Oman
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Oman
2025 -6.69% 1.04%
2024 -7.26% 3.22%
2023 -8.15% 6.72%
2022 -6.06% 10.3%
2021 -5.88% -3.17%
2020 -9.64% -15.7%
2019 -3.86% -4.83%
2018 -4.76% -6.72%
2017 -1.32% -10.5%
2016 -5.34% -19.6%
2015 -3.16% -13.5%
2014 -2.44% -1.58%
2013 -1.67% 2.78%
2012 -2.12% 4.07%
2011 -1.35% 8.24%
2010 -0.23% 4.95%
2009 2.68% -0.27%
2008 -0.73% 14.7%
2007 -8.77% 10.5%
2006 -4.57% 12.2%
2005 -4.96% 11.2%
2004 -5.92% 5.43%
2003 -5.63% 5.92%
2002 -3.7% 5.31%
2001 -1.83% 7.55%
2000 -2.8% 12.2%
1999 -4.06% 0.3%
1998 -5.95% -4.37%
1997 -2.56% 4.77%
1996 3.48% 2.22%
1995 2.45% -3.9%
1994 -5.54% -7.47%
1993 -0.34% -6.84%
1992 -0.25% -4.85%
1991 1.61% 0.12%
1990 - 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/oman | 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 Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Oman ran a deficit in 14 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to surplus of 0.87% of GDP for Oman.

Inflation comparison by year

Inflation
Guinea-Bissau

Oman
1x
Year Consumer prices inflation
Guinea-Bissau Oman
2025 0.9% 1%
2024 3.7% 0.6%
2023 7.2% 1%
2022 7.9% 2.5%
2021 3.3% 1.7%
2020 1.5% -0.4%
2019 0.3% 0.5%
2018 0.4% 0.7%
2017 -0.2% 1.5%
2016 2.7% 0.9%
2015 1.5% 0.1%
2014 -1% 1.2%
2013 0.8% 1.3%
2012 2.1% 2.9%
2011 5.1% 4.1%
2010 1.1% 3.3%
2009 -1.6% 3.5%
2008 10.4% 12.6%
2007 4.6% 5.9%
2006 2% 3.2%
2005 3.4% 1.9%
2004 0.8% 0.8%
2003 -3.5% 0.2%
2002 3.3% -0.3%
2001 3.3% -0.8%
2000 8.6% -1.2%
1999 -2.1% 0.5%
1998 8.1% 0.4%
1997 49.1% -0.4%

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

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

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 1.7% in Oman. In 2025, inflation was 0.9% in Guinea-Bissau and 1% in Oman.

Balance of trade

Guinea-Bissau Oman
Current account balance
-$162M
2024
$3.07B
2024
Current account balance ranking
87/190
2024
37/190
2024
Current account balance, % of GDP
-7.36%
2024
+2.86%
2024
Goods imports
$414M
2024
$39.5B
2024
Goods exports
$229M
2024
$65.2B
2024
Service imports
$198M
2024
$12.8B
2024
Service exports
$51M
2024
$5.64B
2024
Imports of goods and services, % of GDP
27%
2025
48.8%
2024
Exports of goods and services, % of GDP
13.9%
2025
66.1%
2024

Economic freedom indices

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

Guinea-Bissau Oman
Economic freedom 43.2 68.5
Economic freedom ranking 181/197 45/197
Property rights 28.4 71.8
Government integrity 21 49.4
Judicial effectiveness 13.2 28
Tax burden 89 97.6
Government spending 86.5 74.7
Fiscal health 6.5 97.5
Business freedom 34.6 67.8
Labor freedom 55.9 47.7
Monetary freedom 75.9 79.2
Trade freedom 47 78.4
Investment freedom 30 70
Financial freedom 30 60

Economic freedom comparison by year

Guinea-Bissau
Oman
1x
Year Economic freedom index
Guinea-Bissau Oman
2026 43.2 68.5
2025 43.6 65.4
2024 42.7 62.9
2023 44.6 58.5
2022 46 56.6
2021 54.9 64.6
2020 53.3 63.6
2019 54 61
2018 56.9 61
2017 56.1 62.1
2016 51.8 67.1
2015 52 66.7
2014 51.3 67.4
2013 51.1 68.1
2012 50.1 67.9
2011 46.5 69.8
2010 43.6 67.7
2009 45.4 67
2008 44.4 67.3
2007 46.1 65.8
2006 46.5 63.7
2005 46 66.5
2004 42.6 66.9
2003 43.1 64.6
2002 42.3 64
2001 42.5 67.7
2000 34.7 64.1
1999 33.5 64.9
1998 - 64.9
1997 - 64.5
1996 - 65.4
1995 - 70.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Oman
Services, % of GDP
39.1%
2025
47.2%
2025
Industry, % of GDP
15.7%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
2.81%
2025
GNI, Atlas method
$2.45B
2025
$103B
2024
GNI per capita, PPP
$3,320
2025
$39,390
2024
Total reserves including gold n/a
$18.3B
2024
Total reserves ranking n/a
68/177
2024
Net foreign direct investment
-$26.3M
2024
-$12.6B
2024
Net inflows of foreign direct investment
$26.7M
2024
$12.5B
2024
Net outflows of foreign direct investment
$389K
2024
-$143M
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
24.8%
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/oman | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.