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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $335B for Peru, ranking 176/197 and 47/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $101B (30.2% of GDP) in Peru.

Guinea-Bissau vs Peru GDP by year

Guinea-Bissau
Peru
1x
Year GDP, current $
Guinea-Bissau Peru
2025 $2,527,930,273 $334,854,659,182
2024 $2,197,777,210 $291,751,523,019
2023 $2,076,748,678 $268,025,009,709
2022 $1,856,239,955 $246,169,867,863
2021 $1,907,611,288 $226,406,075,009
2020 $1,705,062,170 $201,409,694,756
2019 $1,596,214,680 $228,346,006,004
2018 $1,554,133,594 $222,597,009,739
2017 $1,469,978,606 $211,007,984,081
2016 $1,245,074,264 $191,898,104,390
2015 $1,152,384,167 $189,802,976,286
2014 $1,135,250,721 $200,786,250,583
2013 $1,109,682,824 $201,175,543,571
2012 $1,049,412,177 $192,650,021,649
2011 $1,157,074,319 $171,761,737,047
2010 $940,112,539 $147,527,631,521
2009 $890,167,833 $120,822,986,521
2008 $952,667,544 $120,550,599,815
2007 $753,162,998 $102,170,981,144
2006 $634,781,901 $88,643,193,062
2005 $639,776,041 $76,060,606,061
2004 $582,169,841 $66,768,703,498
2003 $553,614,800 $58,731,030,122
2002 $466,773,711 $54,777,553,515
2001 $412,610,872 $52,030,158,775
2000 $391,345,597 $51,744,749,133
1999 $579,365,780 $50,187,324,568
1998 $591,034,143 $55,501,467,877
1997 $698,107,222 $58,147,522,523
1996 $702,965,148 $55,252,414,130
1995 $660,195,402 $53,312,793,687
1994 $612,502,085 $44,882,079,767
1993 $615,779,519 $34,832,077,221
1992 $588,309,271 $35,966,302,303
1991 $668,470,891 $34,341,465,998
1990 $634,187,269 $26,410,386,963
1989 $554,072,303 $22,499,558,526
1988 $427,514,322 $15,439,408,447
1987 $451,893,375 $36,889,706,593
1986 $338,524,233 $21,859,448,586
1985 $373,959,151 $15,078,736,875
1984 $359,980,491 $17,600,400,385
1983 $425,225,177 $17,345,260,564
1982 $430,284,022 $21,794,535,621
1981 $402,230,865 $21,648,214,893
1980 $287,648,258 $18,136,838,538
1979 $308,143,183 $15,954,012,439
1978 $318,876,550 $12,491,876,743
1977 $298,871,675 $14,544,913,961
1976 $292,152,321 $16,131,958,851
1975 $283,311,997 $16,931,162,355
1974 $256,769,730 $13,858,441,211
1973 $232,331,281 $10,994,381,895
1972 $227,986,203 $9,189,413,409
1971 $204,167,297 $8,289,582,884
1970 $204,670,551 $7,432,223,177
1969 - $6,420,909,790
1968 - $5,736,083,835
1967 - $6,194,340,080
1966 - $6,109,048,737
1965 - $5,163,008,077
1964 - $4,353,664,867
1963 - $3,598,272,493
1962 - $3,284,322,201
1961 - $2,897,852,693
1960 - $2,571,986,572

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

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

GDP per capita in Guinea-Bissau vs Peru by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $9,684 -
2024 $998 $3,119 $8,526 $17,802
2023 $964 $2,990 $7,919 $17,011
2022 $882 $2,789 $7,354 $16,669
2021 $927 $2,523 $6,829 $15,281
2020 $847 $2,340 $6,133 $12,563
2019 $811 $2,247 $7,037 $13,564
2018 $809 $2,058 $6,978 $13,078
2017 $783 $2,082 $6,736 $12,592
2016 $680 $1,824 $6,217 $12,067
2015 $645 $1,730 $6,232 $11,600
2014 $652 $1,456 $6,667 $11,518
2013 $654 $1,416 $6,747 $11,291
2012 $635 $1,402 $6,519 $10,757
2011 $720 $1,472 $5,861 $10,463
2010 $600 $1,370 $5,072 $9,713
2009 $583 $1,315 $4,181 $8,917
2008 $640 $1,309 $4,198 $8,820
2007 $519 $1,260 $3,581 $7,982
2006 $449 $1,226 $3,130 $7,214
2005 $463 $1,187 $2,707 $6,560
2004 $431 $1,105 $2,397 $6,038
2003 $420 $1,089 $2,129 $5,657
2002 $362 $1,095 $2,007 $5,383
2001 $327 $1,064 $1,930 $5,086
2000 $317 $1,014 $1,945 $5,012
1999 $479 $1,001 $1,917 $4,847
1998 $498 $861 $2,156 $4,791
1997 $599 $1,118 $2,301 $4,844
1996 $615 $1,052 $2,227 $4,556
1995 $589 $945 $2,190 $4,435
1994 $561 $909 $1,879 $4,123
1993 $582 $890 $1,488 $3,666
1992 $574 $880 $1,567 $3,472
1991 $672 $877 $1,527 $3,484
1990 $651 $824 $1,200 $3,367
1989 $578 - $1,045 -
1988 $454 - $733 -
1987 $488 - $1,792 -
1986 $371 - $1,087 -
1985 $417 - $767 -
1984 $407 - $918 -
1983 $489 - $927 -
1982 $503 - $1,194 -
1981 $477 - $1,216 -
1980 $347 - $1,045 -
1979 $376 - $942 -
1978 $403 - $756 -
1977 $403 - $903 -
1976 $421 - $1,026 -
1975 $435 - $1,104 -
1974 $419 - $927 -
1973 $392 - $754 -
1972 $389 - $647 -
1971 $348 - $599 -
1970 $350 - $550 -
1969 - - $488 -
1968 - - $448 -
1967 - - $498 -
1966 - - $505 -
1965 - - $439 -
1964 - - $381 -
1963 - - $324 -
1962 - - $305 -
1961 - - $276.6 -
1960 - - $252.8 -

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

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Peru ranks 104th at $17,802.

Economic indicators

Guinea-Bissau Peru
Gross domestic product
$2.53B
2025
$335B
2025
GDP rank
176/197
2025
47/197
2025
GDP growth
5.82%
2024-2025
3.43%
2024-2025
GDP per capita
$1,124
2025
$9,684
2025
GDP per capita rank
177/197
2025
90/197
2025
GDP per capita, PPP
$3,119
2024
$17,802
2024
GDP per capita PPP rank
179/197
2024
104/197
2024
Government debt
$1.9B
2025
$101B
2025
Debt-to-GDP ratio
75.3%
2025
30.2%
2025
Government debt per person
$846
2025
$2,927
2025
Government debt per person rank
149/185
2025
107/185
2025
Average annual personal income after taxes
$1,483
2026
$7,143
2026
Market capitalization of domestic companies n/a
$105B
2025
Income share by richest 10%
26.1%
2021
30.3%
2024
Income share by poorest 10%
3.4%
2021
2%
2024
Government expenditure, % of GDP
19.9%
2025
21.4%
2025
Consumer prices inflation
0.9%
2024-2025
1.53%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
2.67%
2022
4.32%
2025
Population
2323460
35105331

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Peru
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 21.4% 30.2%
2024 20.4% 82.4% 22.2% 32.1%
2023 21.9% 79.4% 22.1% 32.4%
2022 21.3% 80.7% 23.1% 33.5%
2021 25% 78.8% 23.1% 35.5%
2020 25% 77.6% 25.7% 34.3%
2019 18.8% 65.1% 20.8% 26.5%
2018 19.5% 59.1% 21% 25.7%
2017 18.1% 51.8% 20.6% 24.8%
2016 20.5% 59.1% 20.5% 23.9%
2015 21.5% 56.3% 22% 23.7%
2014 23% 60.1% 22.4% 20.5%
2013 12.4% 49.6% 21.5% 19.9%
2012 13% 47.4% 20.3% 20.7%
2011 17.3% 45.6% 19.8% 23.1%
2010 18.5% 61.7% 21% 25.1%
2009 20.6% 148.3% 21.3% 28.2%
2008 21.8% 148.8% 19.9% 28.1%
2007 23.7% 164% 18.6% 31.9%
2006 19.8% 190.4% 19.2% 34.9%
2005 20.2% 203.7% 20.4% 40.4%
2004 23% 202% 19.6% 46.7%
2003 17% 183.4% 20.1% 49.4%
2002 14.1% 197.5% 19.6% 45.5%
2001 19.1% 204.4% 20.9% 43.8%
2000 23.5% 217.1% 21.7% 44.9%
1999 12.1% 109.9% 17.8% 41.1%
1998 8.72% 109.1% 16.3% 36.8%
1997 12.7% 94.3% 15.6% 34.5%
1996 8.93% 117.3% 16.5% 37.4%
1995 8.14% 103.3% 17.5% 36.8%
1994 18.4% 105.5% 16.9% 41.9%
1993 13.1% 112.4% 18.2% 49.9%
1992 10.1% 85.3% 19.1% 46.8%
1991 9.19% 88.9% 15.7% 48.3%
1990 - - 20.4% 56.3%
1989 - - 12.1% 34.9%
1988 - - 12.8% 42.8%
1987 - - 15.5% 39.1%
1986 - - 16.6% 48.6%
1985 - - 17.2% 63.4%
1984 - - 18.3% 56.7%
1983 - - 19.4% 56.2%
1982 - - 17.6% 34.2%
1981 - - 18.4% 30.6%
1980 - - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 30.2% in Peru, ranking 49/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Peru
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Peru
2025 -6.69% -2.36%
2024 -7.26% -3.53%
2023 -8.15% -2.74%
2022 -6.06% -1.38%
2021 -5.88% -2.49%
2020 -9.64% -8.19%
2019 -3.86% -1.37%
2018 -4.76% -1.94%
2017 -1.32% -2.79%
2016 -5.34% -2.12%
2015 -3.16% -2.02%
2014 -2.44% -0.19%
2013 -1.67% 0.75%
2012 -2.12% 2.07%
2011 -1.35% 2.05%
2010 -0.23% -0.02%
2009 2.68% -1.48%
2008 -0.73% 2.48%
2007 -8.77% 3.35%
2006 -4.57% 2.03%
2005 -4.96% -0.44%
2004 -5.92% -1.03%
2003 -5.63% -1.62%
2002 -3.7% -1.4%
2001 -1.83% -2.15%
2000 -2.8% -2.12%
1999 -4.06% -2.93%
1998 -5.95% -0.2%
1997 -2.56% 0.47%
1996 3.48% -0.25%
1995 2.45% -2.05%
1994 -5.54% -1.9%
1993 -0.34% -2.82%
1992 -0.25% -3.55%
1991 1.61% -1.98%
1990 - -7.99%
1989 - -1.3%
1988 - -3.57%
1987 - -6.26%
1986 - -4.08%
1985 - -2.41%
1984 - -4.45%
1983 - -7.52%
1982 - -3.22%
1981 - -3.98%
1980 - -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/peru | 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 Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Peru ran a deficit in 28 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to deficit of 1.25% of GDP for Peru.

Inflation comparison by year

Inflation
Guinea-Bissau

Peru
1x
Year Consumer prices inflation
Guinea-Bissau Peru
2025 0.9% 1.53%
2024 3.7% 2.01%
2023 7.2% 6.46%
2022 7.9% 8.33%
2021 3.3% 4.27%
2020 1.5% 2%
2019 0.3% 2.25%
2018 0.4% 1.51%
2017 -0.2% 2.99%
2016 2.7% 3.56%
2015 1.5% 3.4%
2014 -1% 3.41%
2013 0.8% 2.77%
2012 2.1% 3.61%
2011 5.1% 3.37%
2010 1.1% 1.53%
2009 -1.6% 2.94%
2008 10.4% 5.79%
2007 4.6% 1.78%
2006 2% 2%
2005 3.4% 1.62%
2004 0.8% 3.66%
2003 -3.5% 2.26%
2002 3.3% 0.19%
2001 3.3% 1.98%
2000 8.6% 3.76%
1999 -2.1% 3.47%
1998 8.1% 7.25%
1997 49.1% 8.56%

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/peru | CC BY

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 3.39% in Peru. In 2025, inflation was 0.9% in Guinea-Bissau and 1.53% in Peru.

Top exports between countries

Guinea-Bissau
Export category Export value
Peru
Export category Export value
Processed food, beverages & tobacco $126K
Animal & marine products $21K
Machinery & equipment $6K

Balance of trade

Guinea-Bissau Peru
Current account balance
-$162M
2024
$12B
2025
Current account balance ranking
87/190
2024
23/190
2025
Current account balance, % of GDP
-7.36%
2024
+3.58%
2025
Goods imports
$414M
2024
$58.6B
2025
Goods exports
$229M
2024
$94B
2025
Service imports
$198M
2024
$15.9B
2025
Service exports
$51M
2024
$7.64B
2025
Imports of goods and services, % of GDP
27%
2025
21.8%
2025
Exports of goods and services, % of GDP
13.9%
2025
30%
2025

Economic freedom indices

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

Guinea-Bissau Peru
Economic freedom 43.2 66.3
Economic freedom ranking 181/197 62/197
Property rights 28.4 44
Government integrity 21 35
Judicial effectiveness 13.2 47.8
Tax burden 89 79.4
Government spending 86.5 84.8
Fiscal health 6.5 87.4
Business freedom 34.6 73.1
Labor freedom 55.9 64.7
Monetary freedom 75.9 77.6
Trade freedom 47 81.6
Investment freedom 30 60
Financial freedom 30 60

Economic freedom comparison by year

Guinea-Bissau
Peru
1x
Year Economic freedom index
Guinea-Bissau Peru
2026 43.2 66.3
2025 43.6 65.9
2024 42.7 64.8
2023 44.6 66.5
2022 46 66.5
2021 54.9 67.7
2020 53.3 67.9
2019 54 67.8
2018 56.9 68.7
2017 56.1 68.9
2016 51.8 67.4
2015 52 67.7
2014 51.3 67.4
2013 51.1 68.2
2012 50.1 68.7
2011 46.5 68.6
2010 43.6 67.6
2009 45.4 64.6
2008 44.4 63.8
2007 46.1 62.7
2006 46.5 60.5
2005 46 61.3
2004 42.6 64.7
2003 43.1 64.6
2002 42.3 64.8
2001 42.5 69.6
2000 34.7 68.7
1999 33.5 69.2
1998 - 65
1997 - 63.8
1996 - 62.5
1995 - 56.9

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Peru
Services, % of GDP
39.1%
2025
50.9%
2024
Industry, % of GDP
15.7%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
7.47%
2024
GNI, Atlas method
$2.45B
2025
$291B
2025
GNI per capita, PPP
$3,320
2025
$17,540
2025
Total reserves including gold n/a
$90.4B
2025
Total reserves ranking n/a
32/177
2025
Net foreign direct investment
-$26.3M
2024
-$8.93B
2025
Net inflows of foreign direct investment
$26.7M
2024
$6.7B
2024
Net outflows of foreign direct investment
$389K
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
5.54%
2024
Poverty at national poverty lines
50.5%
2021
27.6%
2024
Gross capital formation, % of GDP
25.8%
2025
20.3%
2025

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/peru | 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 (1900–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.