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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $918B for Poland, ranking 176/197 and 21/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $507B (55.3% of GDP) in Poland.

Guinea-Bissau vs Poland GDP by year

Guinea-Bissau
Poland
1x
Year GDP, current $
Guinea-Bissau Poland
2024 $2,218,393,805 $917,767,106,147
2023 $2,127,688,181 $812,451,193,396
2022 $1,859,601,384 $695,607,470,875
2021 $1,908,094,558 $689,170,230,665
2020 $1,705,057,581 $605,914,237,904
2019 $1,596,227,316 $602,683,770,145
2018 $1,554,133,594 $594,616,687,350
2017 $1,469,978,606 $528,356,676,667
2016 $1,245,074,264 $473,259,583,970
2015 $1,152,384,167 $480,054,118,583
2014 $1,135,250,721 $542,134,167,179
2013 $1,109,682,824 $518,179,836,405
2012 $1,049,412,177 $498,148,649,703
2011 $1,157,074,319 $527,848,543,023
2010 $940,112,539 $478,111,630,684
2009 $890,167,833 $440,891,472,247
2008 $952,667,544 $535,612,030,672
2007 $753,162,998 $429,715,132,138
2006 $634,781,901 $345,897,630,736
2005 $639,776,041 $306,999,913,151
2004 $582,169,841 $256,268,656,145
2003 $553,614,800 $218,561,225,998
2002 $466,773,711 $199,694,463,256
2001 $412,610,872 $191,823,200,371
2000 $391,345,597 $172,953,527,033
1999 $579,365,780 $170,704,452,715
1998 $591,034,143 $175,282,269,667
1997 $698,107,222 $159,893,964,917
1996 $702,965,148 $160,813,026,223
1995 $660,195,402 $142,838,527,115
1994 $612,502,085 $110,803,635,288
1993 $615,779,519 $96,043,157,273
1992 $588,309,271 $94,337,050,693
1991 $668,470,891 $85,500,935,935
1990 $634,187,269 $65,977,748,211
1989 $554,072,303 -
1988 $427,514,322 -
1987 $451,893,375 -
1986 $338,524,233 -
1985 $373,959,151 -
1984 $359,980,491 -
1983 $425,225,177 -
1982 $430,284,022 -
1981 $402,230,865 -
1980 $287,648,258 -
1979 $308,143,183 -
1978 $318,876,550 -
1977 $298,871,675 -
1976 $292,152,321 -
1975 $283,311,997 -
1974 $256,769,730 -
1973 $232,331,281 -
1972 $227,986,203 -
1971 $204,167,297 -
1970 $204,670,551 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea-Bissau vs Poland by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $25,104 $51,263
2023 $988 $2,990 $22,145 $48,473
2022 $883 $2,789 $18,891 $46,778
2021 $927 $2,523 $18,636 $41,060
2020 $847 $2,340 $16,151 $37,089
2019 $811 $2,247 $15,875 $35,882
2018 $809 $2,058 $15,658 $32,345
2017 $783 $2,082 $13,913 $30,170
2016 $680 $1,824 $12,464 $28,360
2015 $645 $1,730 $12,638 $26,988
2014 $652 $1,456 $14,262 $25,460
2013 $654 $1,416 $13,622 $24,434
2012 $635 $1,402 $13,087 $23,728
2011 $720 $1,472 $13,868 $22,809
2010 $600 $1,370 $12,568 $20,991
2009 $583 $1,315 $11,556 $19,300
2008 $640 $1,309 $14,049 $18,372
2007 $519 $1,260 $11,273 $16,833
2006 $449 $1,226 $9,069 $15,205
2005 $463 $1,187 $8,044 $13,936
2004 $431 $1,105 $6,712 $13,413
2003 $420 $1,089 $5,721 $12,329
2002 $362 $1,095 $5,223 $11,841
2001 $327 $1,064 $5,015 $11,175
2000 $317 $1,014 $4,521 $10,721
1999 $479 $1,001 $4,416 $10,081
1998 $498 $861 $4,534 $9,521
1997 $599 $1,118 $4,137 $8,967
1996 $615 $1,052 $4,164 $8,310
1995 $589 $945 $3,701 $7,715
1994 $561 $909 $2,875 $7,040
1993 $582 $890 $2,497 $6,560
1992 $574 $880 $2,459 $6,193
1991 $672 $877 $2,236 $5,925
1990 $651 $824 $1,731 $6,185
1989 $578 - - -
1988 $454 - - -
1987 $488 - - -
1986 $371 - - -
1985 $417 - - -
1984 $407 - - -
1983 $489 - - -
1982 $503 - - -
1981 $477 - - -
1980 $347 - - -
1979 $376 - - -
1978 $403 - - -
1977 $403 - - -
1976 $421 - - -
1975 $435 - - -
1974 $419 - - -
1973 $392 - - -
1972 $389 - - -
1971 $348 - - -
1970 $350 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Poland ranks 43rd at $51,263.

Economic indicators

Guinea-Bissau Poland
Gross domestic product
$2.22B
2024
$918B
2024
GDP rank
176/197
2024
21/197
2024
GDP growth
4.15%
2023-2024
3.03%
2023-2024
GDP per capita
$1,008
2024
$25,104
2024
GDP per capita rank
177/197
2024
48/197
2024
GDP per capita, PPP
$3,119
2024
$51,263
2024
GDP per capita PPP rank
179/197
2024
43/197
2024
Government debt
$1.82B
2024
$507B
2024
Debt-to-GDP ratio
82.2%
2024
55.3%
2024
Government debt per person
$828
2024
$13,874
2024
Government debt per person rank
146/185
2024
41/185
2024
Average annual personal income after taxes
$1,711
2026
$20,736
2026
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
26.1%
2021
22.9%
2023
Income share by poorest 10%
3.4%
2021
3.3%
2023
Government expenditure, % of GDP
20.4%
2024
49.4%
2024
Consumer prices inflation
3.7%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
2.67%
2022
2.81%
2024
Population
2311915
35806942

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Poland
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 49.4% 55.3%
2023 21.9% 79.4% 46.9% 49.5%
2022 21.3% 80.7% 43.2% 48.8%
2021 25% 78.8% 43.6% 53%
2020 25% 77.6% 47.7% 56.6%
2019 18.8% 65.1% 41.4% 45.2%
2018 19.5% 59.1% 41% 48.2%
2017 18.1% 51.8% 41.1% 50.4%
2016 20.5% 59.1% 41.1% 54.1%
2015 21.5% 56.3% 41.5% 51.1%
2014 23% 60.1% 42.7% 51.1%
2013 12.4% 49.6% 43.2% 56.9%
2012 13% 47.4% 43.2% 54.5%
2011 17.3% 45.6% 44.1% 54.8%
2010 18.5% 61.7% 46% 53.7%
2009 20.6% 148.3% 44.9% 49.7%
2008 21.8% 148.8% 44% 46.6%
2007 23.7% 164% 42.8% 44.4%
2006 19.8% 190.4% 44.3% 47.1%
2005 20.2% 203.7% 44.1% 46.5%
2004 23% 202% 43.3% 44.9%
2003 17% 183.4% 45.5% 46.4%
2002 14.1% 197.5% 45.1% 41.6%
2001 19.1% 204.4% 44.7% 37.2%
2000 23.5% 217.1% 43.1% 36.4%
1999 12.1% 109.9% 42.5% 39.4%
1998 8.72% 109.1% 44% 38.7%
1997 12.7% 94.3% 46.1% 42.7%
1996 8.93% 117.3% 50.7% 43.2%
1995 8.14% 103.3% 47.5% 48.7%
1994 18.4% 105.5% - 64.3%
1993 13.1% 112.4% - 83.9%
1992 10.1% 85.3% - 81.9%
1991 9.19% 88.9% - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

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/poland | CC BY

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 55.3% in Poland, ranking 41/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Poland
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Poland
2024 -7.26% -6.59%
2023 -8.15% -5.27%
2022 -6.06% -3.44%
2021 -5.88% -1.75%
2020 -9.64% -6.85%
2019 -3.86% -0.73%
2018 -4.76% -0.24%
2017 -1.32% -1.49%
2016 -5.34% -2.38%
2015 -3.16% -2.59%
2014 -2.44% -3.66%
2013 -1.67% -4.25%
2012 -2.12% -3.8%
2011 -1.35% -4.97%
2010 -0.23% -7.43%
2009 2.68% -7.24%
2008 -0.73% -3.6%
2007 -8.77% -1.88%
2006 -4.57% -3.53%
2005 -4.96% -3.93%
2004 -5.92% -4.99%
2003 -5.63% -6.02%
2002 -3.7% -4.8%
2001 -1.83% -4.73%
2000 -2.8% -4%
1999 -4.06% -2.3%
1998 -5.95% -4.25%
1997 -2.56% -4.61%
1996 3.48% -4.84%
1995 2.45% -4.39%
1994 -5.54% -
1993 -0.34% -
1992 -0.25% -
1991 1.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea-bissau/poland | 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 Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Guinea-Bissau recorded a fiscal deficit in 27 of those years, while Poland ran a deficit in 30 years. On average, Guinea-Bissau posted an annual deficit equal to 3.54% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Guinea-Bissau

Poland
1x
Year Consumer prices inflation
Guinea-Bissau Poland
2024 3.7% 3.78%
2023 7.2% 11.5%
2022 7.9% 14.4%
2021 3.3% 5.06%
2020 1.5% 3.37%
2019 0.3% 2.23%
2018 0.4% 1.81%
2017 -0.2% 2.08%
2016 2.7% -0.66%
2015 1.5% -0.87%
2014 -1% 0.05%
2013 0.8% 0.99%
2012 2.1% 3.56%
2011 5.1% 4.24%
2010 1.1% 2.58%
2009 -1.6% 3.8%
2008 10.4% 4.16%
2007 4.6% 2.46%
2006 2% 1.28%
2005 3.4% 2.18%
2004 0.8% 3.38%
2003 -3.5% 0.68%
2002 3.3% 1.91%
2001 3.3% 5.41%
2000 8.6% 9.9%
1999 -2.1% 7.15%
1998 8.1% 11.6%
1997 49.1% 14.9%

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/poland | CC BY

Over the past 28 years, Guinea-Bissau has recorded an average annual inflation rate of 4.39%, compared with 4.39% in Poland. In 2024, inflation was 3.7% in Guinea-Bissau and 3.78% in Poland.

Top exports between countries

Guinea-Bissau
Export category Export value
Poland
Export category Export value
Processed food, beverages & tobacco $2.42M
Machinery & equipment $1.05M
Animal & marine products $507K
Textiles & consumer goods $35K
Chemicals & pharma $27K
Metals $24K
Raw materials & minerals $5K
Wood & paper products $1K

Balance of trade

Guinea-Bissau Poland
Current account balance
-$160M
2023
$2.8B
2024
Current account balance ranking
95/190
2023
40/190
2024
Current account balance, % of GDP
-7.53%
2023
+0.3%
2024
Goods imports
$403M
2023
$367B
2024
Goods exports
$240M
2023
$361B
2024
Service imports
$189M
2023
$74.9B
2024
Service exports
$44.8M
2023
$118B
2024
Imports of goods and services, % of GDP
27%
2024
48.2%
2024
Exports of goods and services, % of GDP
11.8%
2024
52.2%
2024

Economic freedom indices

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

Guinea-Bissau Poland
Economic freedom 43.2 68.5
Economic freedom ranking 181/197 46/197
Property rights 28.4 71.8
Government integrity 21 60.7
Judicial effectiveness 13.2 62.5
Tax burden 89 72.7
Government spending 86.5 35.1
Fiscal health 6.5 74.8
Business freedom 34.6 77.5
Labor freedom 55.9 53.7
Monetary freedom 75.9 73.8
Trade freedom 47 79.4
Investment freedom 30 80
Financial freedom 30 80

Economic freedom comparison by year

Guinea-Bissau
Poland
1x
Year Economic freedom index
Guinea-Bissau Poland
2026 43.2 68.5
2025 43.6 67.1
2024 42.7 66
2023 44.6 67.7
2022 46 68.7
2021 54.9 69.7
2020 53.3 69.1
2019 54 67.8
2018 56.9 68.5
2017 56.1 68.3
2016 51.8 69.3
2015 52 68.6
2014 51.3 67
2013 51.1 66
2012 50.1 64.2
2011 46.5 64.1
2010 43.6 63.2
2009 45.4 60.3
2008 44.4 60.3
2007 46.1 58.1
2006 46.5 59.3
2005 46 59.6
2004 42.6 58.7
2003 43.1 61.8
2002 42.3 65
2001 42.5 61.8
2000 34.7 60
1999 33.5 59.6
1998 - 59.2
1997 - 56.8
1996 - 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Poland
Services, % of GDP
37.9%
2024
59.1%
2024
Industry, % of GDP
15.6%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
2.54%
2024
GNI, Atlas method
$2.18B
2024
$789B
2024
GNI per capita, PPP
$3,140
2024
$49,540
2024
Total reserves including gold n/a
$223B
2024
Total reserves ranking n/a
17/177
2024
Net foreign direct investment
-$24.8M
2023
-$10.6B
2024
Net inflows of foreign direct investment
$26.7M
2024
$20.6B
2024
Net outflows of foreign direct investment
$389K
2024
$10B
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
n/a
Poverty at national poverty lines
50.5%
2021
13.3%
2024
Gross capital formation, % of GDP
24.9%
2024
17.8%
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/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20)
  6. TradeMap (2020–2024, 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.