Skip to content

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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $216B for Qatar, ranking 176/197 and 56/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Guinea-Bissau vs Qatar GDP by year

Guinea-Bissau
Qatar
1x
Year GDP, current $
Guinea-Bissau Qatar
2025 $2,527,930,273 $215,559,615,385
2024 $2,197,777,210 $216,294,505,495
2023 $2,076,748,678 $213,002,809,341
2022 $1,856,239,955 $235,709,325,714
2021 $1,907,611,288 $179,732,009,560
2020 $1,705,062,170 $144,411,363,352
2019 $1,596,214,680 $176,371,267,692
2018 $1,554,133,594 $183,334,953,819
2017 $1,469,978,606 $161,099,122,225
2016 $1,245,074,264 $151,732,181,868
2015 $1,152,384,167 $161,739,955,577
2014 $1,135,250,721 $206,224,598,571
2013 $1,109,682,824 $198,727,642,967
2012 $1,049,412,177 $186,833,502,363
2011 $1,157,074,319 $167,775,274,725
2010 $940,112,539 $125,122,252,747
2009 $890,167,833 $97,798,351,648
2008 $952,667,544 $115,269,780,220
2007 $753,162,998 $79,711,813,187
2006 $634,781,901 $60,882,142,857
2005 $639,776,041 $44,530,494,505
2004 $582,169,841 $31,734,065,934
2003 $553,614,800 $23,533,791,209
2002 $466,773,711 $19,363,736,264
2001 $412,610,872 $17,538,461,538
2000 $391,345,597 $17,759,890,110
1999 $579,365,780 $12,393,131,868
1998 $591,034,143 $10,255,494,505
1997 $698,107,222 $11,297,802,198
1996 $702,965,148 $9,059,340,659
1995 $660,195,402 $8,137,912,088
1994 $612,502,085 $7,374,450,549
1993 $615,779,519 $7,156,593,407
1992 $588,309,271 $7,646,153,846
1991 $668,470,891 $6,883,516,484
1990 $634,187,269 $7,360,439,560
1989 $554,072,303 $6,487,912,088
1988 $427,514,322 $6,038,186,813
1987 $451,893,375 $5,446,428,571
1986 $338,524,233 $5,053,021,978
1985 $373,959,151 $6,153,296,703
1984 $359,980,491 $6,870,329,670
1983 $425,225,177 $6,484,890,110
1982 $430,284,022 $7,611,263,736
1981 $402,230,865 $8,672,527,473
1980 $287,648,258 $7,837,915,956
1979 $308,143,183 $5,632,962,997
1978 $318,876,550 $4,052,000,413
1977 $298,871,675 $3,617,564,638
1976 $292,152,321 $3,284,273,987
1975 $283,311,997 $2,512,773,166
1974 $256,769,730 $2,401,403,227
1973 $232,331,281 $793,885,560
1972 $227,986,203 $510,262,500
1971 $204,167,297 $387,703,106
1970 $204,670,551 $301,791,302

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea-Bissau vs Qatar by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $72,525 -
2024 $998 $3,119 $75,685 $126,046
2023 $964 $2,990 $80,196 $129,368
2022 $882 $2,789 $88,701 $122,921
2021 $927 $2,523 $71,752 $116,833
2020 $847 $2,340 $51,684 $82,149
2019 $811 $2,247 $66,841 $107,503
2018 $809 $2,058 $71,040 $110,033
2017 $783 $2,082 $63,280 $99,358
2016 $680 $1,824 $61,254 $89,935
2015 $645 $1,730 $68,985 $102,546
2014 $652 $1,456 $95,841 $148,389
2013 $654 $1,416 $103,697 $169,203
2012 $635 $1,402 $108,470 $180,939
2011 $720 $1,472 $103,262 $174,620
2010 $600 $1,370 $77,387 $151,646
2009 $583 $1,315 $60,786 $125,898
2008 $640 $1,309 $80,781 $126,015
2007 $519 $1,260 $65,954 $124,056
2006 $449 $1,226 $62,582 $127,181
2005 $463 $1,187 $53,950 $115,250
2004 $431 $1,105 $41,036 $110,958
2003 $420 $1,089 $31,602 $94,120
2002 $362 $1,095 $27,227 $93,177
2001 $327 $1,064 $25,871 $89,805
2000 $317 $1,014 $27,535 $88,849
1999 $479 $1,001 $20,234 $84,690
1998 $498 $861 $17,665 $84,486
1997 $599 $1,118 $20,523 $79,219
1996 $615 $1,052 $17,125 $62,331
1995 $589 $945 $15,823 $60,321
1994 $561 $909 $14,765 $59,415
1993 $582 $890 $14,770 $59,125
1992 $574 $880 $16,280 $60,387
1991 $672 $877 $15,133 $54,759
1990 $651 $824 $16,722 $55,659
1989 $578 - $15,243 -
1988 $454 - $14,682 -
1987 $488 - $13,719 -
1986 $371 - $13,213 -
1985 $417 - $16,815 -
1984 $407 - $19,749 -
1983 $489 - $19,669 -
1982 $503 - $24,431 -
1981 $477 - $29,543 -
1980 $347 - $28,407 -
1979 $376 - $21,777 -
1978 $403 - $16,757 -
1977 $403 - $16,058 -
1976 $421 - $15,710 -
1975 $435 - $13,014 -
1974 $419 - $13,540 -
1973 $392 - $4,905 -
1972 $389 - $3,483 -
1971 $348 - $2,952 -
1970 $350 - $2,594 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Qatar ranks 5th at $126,046.

Economic indicators

Guinea-Bissau Qatar
Gross domestic product
$2.53B
2025
$216B
2025
GDP rank
176/197
2025
56/197
2025
GDP growth
5.82%
2024-2025
2.9%
2024-2025
GDP per capita
$1,124
2025
$72,525
2025
GDP per capita rank
177/197
2025
13/197
2025
GDP per capita, PPP
$3,119
2024
$126,046
2024
GDP per capita PPP rank
179/197
2024
5/197
2024
Government debt
$1.9B
2025
$89.2B
2025
Debt-to-GDP ratio
75.3%
2025
41.4%
2025
Government debt per person
$846
2025
$30,009
2025
Government debt per person rank
149/185
2025
24/185
2025
Average annual personal income after taxes
$1,483
2026
$37,042
2026
Market capitalization of domestic companies n/a
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
26.1%
2021
25.8%
2017
Income share by poorest 10%
3.4%
2021
2.6%
2017
Government expenditure, % of GDP
19.9%
2025
27.1%
2025
Consumer prices inflation
0.9%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
2.67%
2022
0.1%
2024
Population
2323460
3058826

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Qatar
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 27.1% 41.4%
2024 20.4% 82.4% 26% 41.3%
2023 21.9% 79.4% 26.7% 42.8%
2022 21.3% 80.7% 24.3% 42.6%
2021 25% 78.8% 29.4% 58.4%
2020 25% 77.6% 34.7% 72.6%
2019 18.8% 65.1% 32.5% 62.1%
2018 19.5% 59.1% 28.9% 52.2%
2017 18.1% 51.8% 34.7% 51.6%
2016 20.5% 59.1% 40.1% 46.7%
2015 21.5% 56.3% 38.6% 35.5%
2014 23% 60.1% 32.3% 24.9%
2013 12.4% 49.6% 28.3% 30.9%
2012 13% 47.4% 31% 32.1%
2011 17.3% 45.6% 28.5% 33.5%
2010 18.5% 61.7% 32% 30.4%
2009 20.6% 148.3% 36.4% 36%
2008 21.8% 148.8% 23.5% 11.4%
2007 23.7% 164% 29.5% 9.37%
2006 19.8% 190.4% 29.5% 13.9%
2005 20.2% 203.7% 29% 19.1%
2004 23% 202% 29.9% 30.1%
2003 17% 183.4% 28.5% 38.8%
2002 14.1% 197.5% 31.6% 47.7%
2001 19.1% 204.4% 32.1% 59.2%
2000 23.5% 217.1% 29.8% 51.6%
1999 12.1% 109.9% 42.4% 81.8%
1998 8.72% 109.1% 55.1% 76.6%
1997 12.7% 94.3% 47.6% 54.4%
1996 8.93% 117.3% 55.2% 57.8%
1995 8.14% 103.3% 52.2% 50.2%
1994 18.4% 105.5% 59.8% 54.8%
1993 13.1% 112.4% 62.8% 46.3%
1992 10.1% 85.3% 54.2% 19.9%
1991 9.19% 88.9% 57.5% 21.8%
1990 - - 50% 12.6%

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/qatar | CC BY

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 41.4% in Qatar, ranking 49/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Qatar
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Qatar
2025 -6.69% -1%
2024 -7.26% 0.71%
2023 -8.15% 5.51%
2022 -6.06% 10.4%
2021 -5.88% 0.24%
2020 -9.64% -2.13%
2019 -3.86% 1%
2018 -4.76% 2.26%
2017 -1.32% -6.82%
2016 -5.34% -9.2%
2015 -3.16% 18.4%
2014 -2.44% 13.4%
2013 -1.67% 19.3%
2012 -2.12% 8.55%
2011 -1.35% 5.24%
2010 -0.23% 4.6%
2009 2.68% 14.1%
2008 -0.73% 9.49%
2007 -8.77% 10.3%
2006 -4.57% 8.39%
2005 -4.96% 9.8%
2004 -5.92% 17.7%
2003 -5.63% 6.71%
2002 -3.7% 7.89%
2001 -1.83% 4.48%
2000 -2.8% 4.62%
1999 -4.06% -4.35%
1998 -5.95% -7%
1997 -2.56% -9.4%
1996 3.48% -8.73%
1995 2.45% -5.78%
1994 -5.54% -11.8%
1993 -0.34% -9.53%
1992 -0.25% -2.74%
1991 1.61% -2.57%
1990 - 3.23%

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

GeoRank.org/economy/guinea-bissau/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Qatar ran a deficit in 13 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Guinea-Bissau

Qatar
1x
Year Consumer prices inflation
Guinea-Bissau Qatar
2025 0.9% 0.6%
2024 3.7% 1.2%
2023 7.2% 3.1%
2022 7.9% 5%
2021 3.3% 2.3%
2020 1.5% -2.5%
2019 0.3% -0.9%
2018 0.4% 0.1%
2017 -0.2% 0.6%
2016 2.7% 2.7%
2015 1.5% 0.9%
2014 -1% 4.2%
2013 0.8% 3.1%
2012 2.1% 1.8%
2011 5.1% 2%
2010 1.1% -2.4%
2009 -1.6% -4.9%
2008 10.4% 15.1%
2007 4.6% 13.7%
2006 2% 11.7%
2005 3.4% 9%
2004 0.8% 6.8%
2003 -3.5% 2.3%
2002 3.3% 0.2%
2001 3.3% 1.7%
2000 8.6% 1.6%
1999 -2.1% 2.2%
1998 8.1% 2.9%
1997 49.1% 2.7%

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

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

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 2.99% in Qatar. In 2025, inflation was 0.9% in Guinea-Bissau and 0.6% in Qatar.

Balance of trade

Guinea-Bissau Qatar
Current account balance
-$162M
2024
$31.9B
2025
Current account balance ranking
87/190
2024
17/190
2025
Current account balance, % of GDP
-7.36%
2024
+14.8%
2025
Goods imports
$414M
2024
$34.3B
2025
Goods exports
$229M
2024
$90B
2025
Service imports
$198M
2024
$31.3B
2025
Service exports
$51M
2024
$24.4B
2025
Imports of goods and services, % of GDP
27%
2025
31.6%
2022
Exports of goods and services, % of GDP
13.9%
2025
68.6%
2022

Economic freedom indices

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

Guinea-Bissau Qatar
Economic freedom 43.2 70.2
Economic freedom ranking 181/197 37/197
Property rights 28.4 66.2
Government integrity 21 53.5
Judicial effectiveness 13.2 41.5
Tax burden 89 99.9
Government spending 86.5 79.9
Fiscal health 6.5 96.6
Business freedom 34.6 68
Labor freedom 55.9 58.5
Monetary freedom 75.9 76
Trade freedom 47 81.8
Investment freedom 30 60
Financial freedom 30 60

Economic freedom comparison by year

Guinea-Bissau
Qatar
1x
Year Economic freedom index
Guinea-Bissau Qatar
2026 43.2 70.2
2025 43.6 70.2
2024 42.7 68.8
2023 44.6 68.6
2022 46 67.7
2021 54.9 72
2020 53.3 72.3
2019 54 72.6
2018 56.9 72.6
2017 56.1 73.1
2016 51.8 70.7
2015 52 70.8
2014 51.3 71.2
2013 51.1 71.3
2012 50.1 71.3
2011 46.5 70.5
2010 43.6 69
2009 45.4 65.8
2008 44.4 62.2
2007 46.1 62.9
2006 46.5 62.4
2005 46 63.5
2004 42.6 66.5
2003 43.1 65.9
2002 42.3 61.9
2001 42.5 60
2000 34.7 62
1999 33.5 62

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Qatar
Services, % of GDP
39.1%
2025
47%
2025
Industry, % of GDP
15.7%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
0.31%
2025
GNI, Atlas method
$2.45B
2025
$221B
2025
GNI per capita, PPP
$3,320
2025
$126,290
2025
Total reserves including gold n/a
$55.8B
2025
Total reserves ranking n/a
45/177
2025
Net foreign direct investment
-$26.3M
2024
$311M
2025
Net inflows of foreign direct investment
$26.7M
2024
$460M
2024
Net outflows of foreign direct investment
$389K
2024
$1.56B
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
30.6%
2022

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/qatar | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, 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.