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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $372B for Pakistan, ranking 176/197 and 43/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Guinea-Bissau vs Pakistan GDP by year

Guinea-Bissau
Pakistan
1x
Year GDP, current $
Guinea-Bissau Pakistan
2024 $2,218,393,805 $371,570,000,121
2023 $2,127,688,181 $336,686,348,609
2022 $1,859,601,384 $374,890,295,667
2021 $1,908,094,558 $348,516,647,445
2020 $1,705,057,581 $300,425,609,818
2019 $1,596,227,316 $320,909,472,771
2018 $1,554,133,594 $356,128,166,705
2017 $1,469,978,606 $339,205,534,861
2016 $1,245,074,264 $313,630,000,130
2015 $1,152,384,167 $299,963,590,535
2014 $1,135,250,721 $271,390,474,858
2013 $1,109,682,824 $258,657,231,672
2012 $1,049,412,177 $250,106,966,105
2011 $1,157,074,319 $230,586,581,060
2010 $940,112,539 $196,709,621,850
2009 $890,167,833 $187,337,783,856
2008 $952,667,544 $202,203,748,584
2007 $753,162,998 $184,140,869,997
2006 $634,781,901 $161,871,385,506
2005 $639,776,041 $145,208,562,961
2004 $582,169,841 $132,216,048,339
2003 $553,614,800 $112,371,913,741
2002 $466,773,711 $97,923,302,809
2001 $412,610,872 $97,145,618,480
2000 $391,345,597 $99,484,802,345
1999 $579,365,780 $62,973,857,069
1998 $591,034,143 $62,191,955,814
1997 $698,107,222 $62,433,340,468
1996 $702,965,148 $63,320,170,084
1995 $660,195,402 $60,636,071,684
1994 $612,502,085 $52,293,470,813
1993 $615,779,519 $51,809,999,353
1992 $588,309,271 $48,884,671,947
1991 $668,470,891 $45,625,336,680
1990 $634,187,269 $40,010,423,970
1989 $554,072,303 $40,171,106,279
1988 $427,514,322 $38,472,742,808
1987 $451,893,375 $33,351,529,275
1986 $338,524,233 $31,899,070,056
1985 $373,959,151 $31,144,920,844
1984 $359,980,491 $31,151,825,467
1983 $425,225,177 $28,691,889,764
1982 $430,284,022 $30,725,971,564
1981 $402,230,865 $28,100,606,061
1980 $287,648,258 $23,654,444,444
1979 $308,143,183 $19,688,383,838
1978 $318,876,550 $17,811,515,152
1977 $298,871,675 $15,126,060,606
1976 $292,152,321 $13,168,080,808
1975 $283,311,997 $11,230,606,061
1974 $256,769,730 $8,899,191,919
1973 $232,331,281 $6,383,429,490
1972 $227,986,203 $9,415,016,360
1971 $204,167,297 $10,665,896,682
1970 $204,670,551 $10,027,509,450
1969 - $8,683,116,338
1968 - $8,041,999,160
1967 - $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

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

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

GDP per capita in Guinea-Bissau vs Pakistan by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $1,479 $6,252
2023 $988 $2,990 $1,360 $6,014
2022 $883 $2,789 $1,538 $5,920
2021 $927 $2,523 $1,455 $5,367
2020 $847 $2,340 $1,278 $5,048
2019 $811 $2,247 $1,390 $5,038
2018 $809 $2,058 $1,569 $4,979
2017 $783 $2,082 $1,519 $4,790
2016 $680 $1,824 $1,425 $4,631
2015 $645 $1,730 $1,380 $4,480
2014 $652 $1,456 $1,267 $4,313
2013 $654 $1,416 $1,225 $4,174
2012 $635 $1,402 $1,204 $4,047
2011 $720 $1,472 $1,132 $3,880
2010 $600 $1,370 $987 $3,786
2009 $583 $1,315 $964 $3,777
2008 $640 $1,309 $1,067 $3,721
2007 $519 $1,260 $998 $3,672
2006 $449 $1,226 $901 $3,515
2005 $463 $1,187 $828 $3,293
2004 $431 $1,105 $772 $3,048
2003 $420 $1,089 $672 $2,822
2002 $362 $1,095 $600 $2,688
2001 $327 $1,064 $610 $2,644
2000 $317 $1,014 $642 $2,565
1999 $479 $1,001 $418 $2,475
1998 $498 $861 $424 $2,419
1997 $599 $1,118 $438 $2,398
1996 $615 $1,052 $457 $2,401
1995 $589 $945 $451 $2,315
1994 $561 $909 $400 $2,224
1993 $582 $890 $408 $2,160
1992 $574 $880 $396 $2,132
1991 $672 $877 $380 $1,992
1990 $651 $824 $344 $1,895
1989 $578 - $358 -
1988 $454 - $354 -
1987 $488 - $317 -
1986 $371 - $314 -
1985 $417 - $317 -
1984 $407 - $327 -
1983 $489 - $311 -
1982 $503 - $345 -
1981 $477 - $328 -
1980 $347 - $287.4 -
1979 $376 - $249.2 -
1978 $403 - $233.4 -
1977 $403 - $204.7 -
1976 $421 - $183.9 -
1975 $435 - $161.7 -
1974 $419 - $132 -
1973 $392 - $97.5 -
1972 $389 - $148.1 -
1971 $348 - $172.5 -
1970 $350 - $166.7 -
1969 - - $148.5 -
1968 - - $141.6 -
1967 - - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

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

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Pakistan ranks 150th at $6,252.

Economic indicators

Guinea-Bissau Pakistan
Gross domestic product
$2.22B
2024
$372B
2024
GDP rank
176/197
2024
43/197
2024
GDP growth
4.15%
2023-2024
3.05%
2023-2024
GDP per capita
$1,008
2024
$1,479
2024
GDP per capita rank
177/197
2024
163/197
2024
GDP per capita, PPP
$3,119
2024
$6,252
2024
GDP per capita PPP rank
179/197
2024
150/197
2024
Government debt
$1.82B
2024
$262B
2024
Debt-to-GDP ratio
82.2%
2024
70.4%
2024
Government debt per person
$828
2024
$1,041
2024
Government debt per person rank
146/185
2024
140/185
2024
Average annual personal income after taxes
$1,711
2026
$1,668
2026
Market capitalization of domestic companies n/a
$52.1B
2024
Income share by richest 10%
26.1%
2021
25.5%
2018
Income share by poorest 10%
3.4%
2021
4.2%
2018
Government expenditure, % of GDP
20.4%
2024
19.5%
2024
Consumer prices inflation
3.7%
2023-2024
12.6%
2023-2024
Central bank interest rate n/a
10.5%
2025
Unemployment rate
2.67%
2022
6.96%
2025
Population
2311915
260356147

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Pakistan
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 19.5% 70.4%
2023 21.9% 79.4% 19.3% 78.5%
2022 21.3% 80.7% 20% 77.3%
2021 25% 78.8% 18.5% 74.7%
2020 25% 77.6% 20.3% 80.8%
2019 18.8% 65.1% 19.1% 78.7%
2018 19.5% 59.1% 19.1% 66.3%
2017 18.1% 51.8% 19.1% 62.1%
2016 20.5% 59.1% 17.7% 62.1%
2015 21.5% 56.3% 17.8% 59.1%
2014 23% 60.1% 18.1% 58.8%
2013 12.4% 49.6% 19.5% 59.2%
2012 13% 47.4% 19.4% 58.4%
2011 17.3% 45.6% 17.9% 56.2%
2010 18.5% 61.7% 18.3% 56.7%
2009 20.6% 148.3% 17.3% 54.6%
2008 21.8% 148.8% 18% 49.5%
2007 23.7% 164% 16.1% 44.2%
2006 19.8% 190.4% 14.5% 46.2%
2005 20.2% 203.7% 13% 47.9%
2004 23% 202% 12.1% 50.6%
2003 17% 183.4% 12.9% 56.3%
2002 14.1% 197.5% 14.4% 60.5%
2001 19.1% 204.4% 12.9% 65.1%
2000 23.5% 217.1% 13.8% 61.7%
1999 12.1% 109.9% 13.2% 60.7%
1998 8.72% 109.1% 14.1% 53.8%
1997 12.7% 94.3% 13.7% 52.8%
1996 8.93% 117.3% 15% 52.5%
1995 8.14% 103.3% 14% 52.3%
1994 18.4% 105.5% 14.5% 58.5%
1993 13.1% 112.4% 17% 57.9%
1992 10.1% 85.3% 22.6% 53.3%
1991 9.19% 88.9% 21.4% 55.8%
1990 - - 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 70.4% in Pakistan, ranking 41/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Pakistan
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Pakistan
2024 -7.26% -6.81%
2023 -8.15% -7.76%
2022 -6.06% -7.84%
2021 -5.88% -6.04%
2020 -9.64% -7.03%
2019 -3.86% -7.79%
2018 -4.76% -5.67%
2017 -1.32% -5.17%
2016 -5.34% -3.92%
2015 -3.16% -4.74%
2014 -2.44% -4.37%
2013 -1.67% -7.48%
2012 -2.12% -7.74%
2011 -1.35% -6.23%
2010 -0.23% -5.42%
2009 2.68% -4.53%
2008 -0.73% -5.94%
2007 -8.77% -4.23%
2006 -4.57% -2.79%
2005 -4.96% -2.29%
2004 -5.92% -1.29%
2003 -5.63% -0.12%
2002 -3.7% -2.64%
2001 -1.83% -2.45%
2000 -2.8% -3.21%
1999 -4.06% -3.07%
1998 -5.95% -4.46%
1997 -2.56% -3.87%
1996 3.48% -4.33%
1995 2.45% -3.9%
1994 -5.54% -3.63%
1993 -0.34% -5.53%
1992 -0.25% -11.3%
1991 1.61% -10.8%
1990 - -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-02-20).

GeoRank.org/economy/guinea-bissau/pakistan | 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 Pakistan's deficit of $25.3B, or 6.81% of GDP.

Over the past 34 years, Guinea-Bissau recorded a fiscal deficit in 30 of those years, while Pakistan ran a deficit in 34 years. On average, Guinea-Bissau posted an annual deficit equal to 3.25% of GDP, compared to deficit of 5.13% of GDP for Pakistan.

Inflation comparison by year

Inflation
Guinea-Bissau

Pakistan
1x
Year Consumer prices inflation
Guinea-Bissau Pakistan
2024 3.7% 12.6%
2023 7.2% 30.8%
2022 7.9% 19.9%
2021 3.3% 9.5%
2020 1.5% 9.74%
2019 0.3% 10.6%
2018 0.4% 5.08%
2017 -0.2% 4.09%
2016 2.7% 3.77%
2015 1.5% 2.53%
2014 -1% 7.19%
2013 0.8% 7.69%
2012 2.1% 9.68%
2011 5.1% 11.9%
2010 1.1% 12.9%
2009 -1.6% 13.6%
2008 10.4% 20.3%
2007 4.6% 7.6%
2006 2% 7.92%
2005 3.4% 9.06%
2004 0.8% 7.44%
2003 -3.5% 2.91%
2002 3.3% 3.29%
2001 3.3% 3.15%
2000 8.6% 4.37%
1999 -2.1% 4.14%
1998 8.1% 6.23%
1997 49.1% 11.4%

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/pakistan | CC BY

Over the past 28 years, Guinea-Bissau has recorded an average annual inflation rate of 4.39%, compared with 9.26% in Pakistan. In 2024, inflation was 3.7% in Guinea-Bissau and 12.6% in Pakistan.

Top exports between countries

Guinea-Bissau
Export category Export value
Pakistan
Export category Export value
Raw agricultural goods $49.7M
Raw materials & minerals $704K
Textiles & consumer goods $506K
Processed food, beverages & tobacco $179K
Chemicals & pharma $49K

Balance of trade

Guinea-Bissau Pakistan
Current account balance
-$160M
2023
$496M
2024
Current account balance ranking
95/190
2023
63/190
2024
Current account balance, % of GDP
-7.53%
2023
+0.13%
2024
Goods imports
$403M
2023
$55.6B
2024
Goods exports
$240M
2023
$32.1B
2024
Service imports
$189M
2023
$11.2B
2024
Service exports
$44.8M
2023
$8.1B
2024
Imports of goods and services, % of GDP
27%
2024
17.2%
2024
Exports of goods and services, % of GDP
11.8%
2024
10.4%
2024

Economic freedom indices

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

Guinea-Bissau Pakistan
Economic freedom 43.2 48.9
Economic freedom ranking 181/197 168/197
Property rights 28.4 25.7
Government integrity 21 26.3
Judicial effectiveness 13.2 27.6
Tax burden 89 78.2
Government spending 86.5 88.5
Fiscal health 6.5 10.1
Business freedom 34.6 54.4
Labor freedom 55.9 51.7
Monetary freedom 75.9 54.1
Trade freedom 47 70.4
Investment freedom 30 60
Financial freedom 30 40

Economic freedom comparison by year

Guinea-Bissau
Pakistan
1x
Year Economic freedom index
Guinea-Bissau Pakistan
2026 43.2 48.9
2025 43.6 49.1
2024 42.7 49.5
2023 44.6 49.4
2022 46 48.8
2021 54.9 51.7
2020 53.3 54.8
2019 54 55
2018 56.9 54.4
2017 56.1 52.8
2016 51.8 55.9
2015 52 55.6
2014 51.3 55.2
2013 51.1 55.1
2012 50.1 54.7
2011 46.5 55.1
2010 43.6 55.2
2009 45.4 57
2008 44.4 55.6
2007 46.1 57.2
2006 46.5 57.9
2005 46 53.3
2004 42.6 54.9
2003 43.1 55
2002 42.3 55.8
2001 42.5 56
2000 34.7 56.4
1999 33.5 53
1998 - 53.2
1997 - 56
1996 - 58.4
1995 - 57.6

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Pakistan
Services, % of GDP
37.9%
2024
50.7%
2024
Industry, % of GDP
15.6%
2024
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
23.7%
2024
GNI, Atlas method
$2.18B
2024
$358B
2024
GNI per capita, PPP
$3,140
2024
$6,100
2024
Total reserves including gold n/a
$18.4B
2024
Total reserves ranking n/a
63/177
2024
Net foreign direct investment
-$24.8M
2023
-$2.58B
2024
Net inflows of foreign direct investment
$26.7M
2024
$2.66B
2024
Net outflows of foreign direct investment
$389K
2024
$84M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
4.5%
2024
Poverty at national poverty lines
50.5%
2021
21.9%
2018
Gross capital formation, % of GDP
24.9%
2024
13.2%
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/pakistan | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  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.