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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $429B for Romania, ranking 176/197 and 39/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $260B (60.6% of GDP) in Romania.

Guinea-Bissau vs Romania GDP by year

Guinea-Bissau
Romania
1x
Year GDP, current $
Guinea-Bissau Romania
2025 $2,527,930,273 $428,677,977,855
2024 $2,197,777,210 $382,564,217,989
2023 $2,076,748,678 $347,757,995,759
2022 $1,856,239,955 $295,317,862,856
2021 $1,907,611,288 $285,072,444,957
2020 $1,705,062,170 $250,624,575,872
2019 $1,596,214,680 $250,080,428,512
2018 $1,554,133,594 $241,791,427,224
2017 $1,469,978,606 $210,147,385,855
2016 $1,245,074,264 $185,290,759,249
2015 $1,152,384,167 $177,885,131,240
2014 $1,135,250,721 $199,722,319,676
2013 $1,109,682,824 $189,798,603,751
2012 $1,049,412,177 $179,117,323,107
2011 $1,157,074,319 $192,623,977,894
2010 $940,112,539 $170,064,350,672
2009 $890,167,833 $174,110,532,659
2008 $952,667,544 $214,315,932,061
2007 $753,162,998 $174,588,782,939
2006 $634,781,901 $122,023,735,993
2005 $639,776,041 $98,454,380,120
2004 $582,169,841 $74,973,656,852
2003 $553,614,800 $57,806,384,143
2002 $466,773,711 $46,065,502,703
2001 $412,610,872 $40,395,116,581
2000 $391,345,597 $37,253,739,511
1999 $579,365,780 $35,953,156,754
1998 $591,034,143 $41,696,091,974
1997 $698,107,222 $35,575,214,078
1996 $702,965,148 $36,937,074,278
1995 $660,195,402 $37,430,162,103
1994 $612,502,085 $30,072,805,104
1993 $615,779,519 $26,361,160,450
1992 $588,309,271 $25,121,666,667
1991 $668,470,891 $28,850,634,900
1990 $634,187,269 $38,247,882,300
1989 $554,072,303 $41,450,777,202
1988 $427,514,322 $40,424,528,302
1987 $451,893,375 $38,067,567,568
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 (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea-Bissau vs Romania by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $22,538 -
2024 $998 $3,119 $20,080 $49,077
2023 $964 $2,990 $18,244 $45,982
2022 $882 $2,789 $15,503 $41,979
2021 $927 $2,523 $14,908 $37,534
2020 $847 $2,340 $13,009 $34,194
2019 $811 $2,247 $12,910 $33,425
2018 $809 $2,058 $12,416 $29,383
2017 $783 $2,082 $10,728 $26,943
2016 $680 $1,824 $9,405 $23,905
2015 $645 $1,730 $8,977 $21,625
2014 $652 $1,456 $10,032 $20,633
2013 $654 $1,416 $9,498 $19,678
2012 $635 $1,402 $8,930 $19,808
2011 $720 $1,472 $9,561 $18,804
2010 $600 $1,370 $8,400 $17,355
2009 $583 $1,315 $8,548 $16,641
2008 $640 $1,309 $10,435 $16,782
2007 $519 $1,260 $8,360 $13,703
2006 $449 $1,226 $5,758 $11,554
2005 $463 $1,187 $4,618 $9,602
2004 $431 $1,105 $3,495 $8,989
2003 $420 $1,089 $2,679 $7,559
2002 $362 $1,095 $2,120 $7,162
2001 $327 $1,064 $1,825 $6,520
2000 $317 $1,014 $1,660 $5,850
1999 $479 $1,001 $1,600 $5,596
1998 $498 $861 $1,853 $5,545
1997 $599 $1,118 $1,577 $5,564
1996 $615 $1,052 $1,633 $5,746
1995 $589 $945 $1,650 $5,429
1994 $561 $909 $1,323 $4,995
1993 $582 $890 $1,158 $4,699
1992 $574 $880 $1,102 $4,515
1991 $672 $877 $1,254 $4,795
1990 $651 $824 $1,648 $5,280
1989 $578 - $1,790 -
1988 $454 - $1,753 -
1987 $488 - $1,659 -
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 (1970–2025, retrieved 2026-07-08).

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

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Romania ranks 47th at $49,077.

Economic indicators

Guinea-Bissau Romania
Gross domestic product
$2.53B
2025
$429B
2025
GDP rank
176/197
2025
39/197
2025
GDP growth
5.82%
2024-2025
0.68%
2024-2025
GDP per capita
$1,124
2025
$22,538
2025
GDP per capita rank
177/197
2025
57/197
2025
GDP per capita, PPP
$3,119
2024
$49,077
2024
GDP per capita PPP rank
179/197
2024
47/197
2024
Government debt
$1.9B
2025
$260B
2025
Debt-to-GDP ratio
75.3%
2025
60.6%
2025
Government debt per person
$846
2025
$13,650
2025
Government debt per person rank
149/185
2025
48/185
2025
Average annual personal income after taxes
$1,483
2026
$13,510
2026
Market capitalization of domestic companies n/a
$70.9B
2025
Number of billionaires n/a
6
2026
Income share by richest 10%
26.1%
2021
21.8%
2023
Income share by poorest 10%
3.4%
2021
2.4%
2023
Government expenditure, % of GDP
19.9%
2025
40.5%
2025
Consumer prices inflation
0.9%
2024-2025
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
2.67%
2022
6.1%
2025
Population
2323460
18912567

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Romania
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 40.5% 60.6%
2024 20.4% 82.4% 40% 57.5%
2023 21.9% 79.4% 37% 52.6%
2022 21.3% 80.7% 37.5% 51.9%
2021 25% 78.8% 37.2% 51.8%
2020 25% 77.6% 38.3% 49.5%
2019 18.8% 65.1% 33.4% 36.8%
2018 19.5% 59.1% 31.9% 36.4%
2017 18.1% 51.8% 31% 37.1%
2016 20.5% 59.1% 31.8% 39.5%
2015 21.5% 56.3% 34.2% 39.4%
2014 23% 60.1% 33.8% 40.5%
2013 12.4% 49.6% 34.2% 39.3%
2012 13% 47.4% 33.5% 36.2%
2011 17.3% 45.6% 35% 32.6%
2010 18.5% 61.7% 37.4% 30.2%
2009 20.6% 148.3% 36.3% 22.5%
2008 21.8% 148.8% 35.3% 13%
2007 23.7% 164% 34.6% 12.4%
2006 19.8% 190.4% 33.9% 12.7%
2005 20.2% 203.7% 32.3% 17.8%
2004 23% 202% 33.7% 21.3%
2003 17% 183.4% 31.8% 24.9%
2002 14.1% 197.5% 32.1% 27.4%
2001 19.1% 204.4% 33.2% 27.4%
2000 23.5% 217.1% 35% 29.6%
1999 12.1% 109.9% 35.1% 21.7%
1998 8.72% 109.1% 34.7% 16.5%
1997 12.7% 94.3% 33.5% 15%
1996 8.93% 117.3% 33.5% 11%
1995 8.14% 103.3% 34.4% 6.91%
1994 18.4% 105.5% 33.1% -
1993 13.1% 112.4% 33.5% -
1992 10.1% 85.3% 41.5% -
1991 9.19% 88.9% 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 60.6% in Romania, ranking 49/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Romania
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Romania
2025 -6.69% -7.64%
2024 -7.26% -8.68%
2023 -8.15% -5.66%
2022 -6.06% -5.85%
2021 -5.88% -6.74%
2020 -9.64% -9.6%
2019 -3.86% -4.58%
2018 -4.76% -2.76%
2017 -1.32% -2.86%
2016 -5.34% -2.5%
2015 -3.16% -1.35%
2014 -2.44% -1.76%
2013 -1.67% -2.44%
2012 -2.12% -2.39%
2011 -1.35% -4.14%
2010 -0.23% -6.22%
2009 2.68% -6.86%
2008 -0.73% -4.6%
2007 -8.77% -3.05%
2006 -4.57% -1.36%
2005 -4.96% -0.69%
2004 -5.92% -3.39%
2003 -5.63% -2.29%
2002 -3.7% -2.59%
2001 -1.83% -3.2%
2000 -2.8% -3.99%
1999 -4.06% -3.58%
1998 -5.95% -5.33%
1997 -2.56% -5.19%
1996 3.48% -4.74%
1995 2.45% -3.32%
1994 -5.54% -2.2%
1993 -0.34% -0.35%
1992 -0.25% -4.55%
1991 1.61% 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/romania | 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 Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Romania ran a deficit in 34 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to deficit of 3.81% of GDP for Romania.

Inflation comparison by year

Inflation
Guinea-Bissau

Romania
1x
Year Consumer prices inflation
Guinea-Bissau Romania
2025 0.9% 7.3%
2024 3.7% 5.6%
2023 7.2% 10.4%
2022 7.9% 13.8%
2021 3.3% 5%
2020 1.5% 2.6%
2019 0.3% 3.8%
2018 0.4% 4.6%
2017 -0.2% 1.3%
2016 2.7% -1.6%
2015 1.5% -0.6%
2014 -1% 1.1%
2013 0.8% 4%
2012 2.1% 3.3%
2011 5.1% 5.8%
2010 1.1% 6.1%
2009 -1.6% 5.6%
2008 10.4% 7.8%
2007 4.6% 4.8%
2006 2% 6.6%
2005 3.4% 9%
2004 0.8% 11.9%
2003 -3.5% 15.4%
2002 3.3% 22.5%
2001 3.3% 34.5%
2000 8.6% 45.7%
1999 -2.1% 45.8%
1998 8.1% 59.1%
1997 49.1% 154.8%

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

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

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 17.1% in Romania. In 2025, inflation was 0.9% in Guinea-Bissau and 7.3% in Romania.

Top exports between countries

Guinea-Bissau
Export category Export value
Romania
Export category Export value
Machinery & equipment $1.19M
Wood & paper products $179K
Metals $14K
Miscellaneous $14K
Textiles & consumer goods $8K
Chemicals & pharma $1K
Precious metals & jewellery $1K
Raw agricultural goods $1K

Balance of trade

Guinea-Bissau Romania
Current account balance
-$162M
2024
-$33.9B
2025
Current account balance ranking
87/190
2024
186/190
2025
Current account balance, % of GDP
-7.36%
2024
-7.9%
2025
Goods imports
$414M
2024
$139B
2025
Goods exports
$229M
2024
$102B
2025
Service imports
$198M
2024
$35.9B
2025
Service exports
$51M
2024
$50.1B
2025
Imports of goods and services, % of GDP
27%
2025
40.7%
2025
Exports of goods and services, % of GDP
13.9%
2025
35.5%
2025

Economic freedom indices

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

Guinea-Bissau Romania
Economic freedom 43.2 65.4
Economic freedom ranking 181/197 64/197
Property rights 28.4 81
Government integrity 21 50
Judicial effectiveness 13.2 67
Tax burden 89 89.1
Government spending 86.5 56.7
Fiscal health 6.5 21.4
Business freedom 34.6 74.4
Labor freedom 55.9 63.6
Monetary freedom 75.9 72.7
Trade freedom 47 79.4
Investment freedom 30 70
Financial freedom 30 60

Economic freedom comparison by year

Guinea-Bissau
Romania
1x
Year Economic freedom index
Guinea-Bissau Romania
2026 43.2 65.4
2025 43.6 66.5
2024 42.7 64.4
2023 44.6 64.5
2022 46 67.1
2021 54.9 69.5
2020 53.3 69.7
2019 54 68.6
2018 56.9 69.4
2017 56.1 69.7
2016 51.8 65.6
2015 52 66.6
2014 51.3 65.5
2013 51.1 65.1
2012 50.1 64.4
2011 46.5 64.7
2010 43.6 64.2
2009 45.4 63.2
2008 44.4 61.7
2007 46.1 61.2
2006 46.5 58.2
2005 46 52.1
2004 42.6 50
2003 43.1 50.6
2002 42.3 48.7
2001 42.5 50
2000 34.7 52.1
1999 33.5 50.1
1998 - 54.4
1997 - 50.8
1996 - 46.2
1995 - 42.9

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Romania
Services, % of GDP
39.1%
2025
61.7%
2025
Industry, % of GDP
15.7%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
3%
2025
GNI, Atlas method
$2.45B
2025
$384B
2025
GNI per capita, PPP
$3,320
2025
$49,550
2025
Total reserves including gold n/a
$90.6B
2025
Total reserves ranking n/a
31/177
2025
Net foreign direct investment
-$26.3M
2024
-$8.57B
2025
Net inflows of foreign direct investment
$26.7M
2024
$7.16B
2024
Net outflows of foreign direct investment
$389K
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
n/a
Poverty at national poverty lines
50.5%
2021
19%
2023
Gross capital formation, % of GDP
25.8%
2025
25.9%
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/romania | CC BY

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, 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 (2020–2025, 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.