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Guinea-Bissau vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, Singapore and Guinea-Bissau ranked 76th vs 44th and 10th vs 179th, respectively.

Gross Domestic Product & Income

StatGuinea-BissauSingapore
GDP$1.5B$364.2B
GDP growth, 1 year3.8%3.2%
GDP growth, 5-years average4.6%3.3%
Population1.5M5.9M
GDP per capita$778$65k
GDP per capita growth1.24%2.66%
Purchasing Power Parity conversion factor240.310.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.64
GDP per capita, PPP adjusted$1.9k$100k
GNI, Atlas method$1.4B$331.4B
GNI per capita$750$59k
GNI, PPP adjusted$3.4B$533.8B
GNI per capita, PPP adjusted$1.8k$95k

Financial system and Human development

StatGuinea-BissauSingapore
Income Tax Rate20%22%
Corporate Tax Rate25%17%
Inflation, consumer prices1.4%0.4%
Inflation, GDP deflator-0.4%1.9%
Unemployment4.1%3.8%
Economic Freedom Index53.389.4
Personal Freedom Index6.837.44
Human Freedom Index5.978.1
Property Rights Index41.396.8
Judical Effectiveness Index48.492.9
Business Freedom Index39.192.8
Fiscal Health Index67.380
Labor Freedom Index61.290.9
Investment Freedom Index3085
Financial Freedom Index3080
Trade Freedom Index4994.8
Monetary Freedom Index82.785.6
Government Spending Index86.791.1
Tax Burden Index88.790.3
Government Integrity Index14.892.4
Corruption Perceptions Index1685
Life expectancy at birth, years57.782.9
Suicide mortality rate, per 100,000 people49.9
Mortality caused by road traffic injury, per 100,000 people31.12.8
Intentional homicides, per 100,000 people1.10.2
International tourism, number of arrivals45k14.7M

Government debt & reserves

StatGuinea-BissauSingapore
Central government debt, % of GDP56.1%108.3%
External debt stocks, % of GNI28.9%N/A
External debt stocks$420.7MN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary income1.9%N/A
Adjusted net savings including particulate emission damage, % of GNI-11%36.8%
Gross savings, % of GDP8.8%45.8%
Gross capital formation, % of GDP10.9%26.6%
Total reserves including goldN/A$292.7B
Foreign direct investment net inflows$20.6M$82B

Exports, imports and economic structure

StatGuinea-BissauSingapore
Exports of goods and services, % of GDP25.3%176.4%
Imports of goods and services, % of GDP32.5%149.8%
Current account balance (balance of payments)-$54.1M$65.1B
Revenue excluding grants, % of GDP12.7%18.8%
Grants excluding technical cooperation, BoP$80M$1.6M
Personal remittances received$127.9MN/A
Industry including construction value added, % of GDP12.6%25.2%
Agriculture, forestry and fishing value added, % of GDP47.5%0%
Charges for the use of intellectual property, payments BoP$2.4k$15.2B
Charges for the use of intellectual property, receipts BoP$79k$8.7B
Expense, % of GDP12.6%15.2%
Government Expenditure, % of GDP21.1%17.2%

Compare with countries close by GDP per capita

Guinea-Bissau vs

CountryGDP
per capita
Population
Myanmar
$1.3k
53.3M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M
Niger
$414
17.1M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k