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

Updated on by Georank team

Guinea-Bissau has a GDP of $2.22B compared to $4.42B for Suriname, ranking 176/197 and 164/197 by economy size, respectively.

Guinea-Bissau has $1.82B in government debt (82.2% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Guinea-Bissau vs Suriname GDP by year

Guinea-Bissau
Suriname
1x
Year GDP, current $
Guinea-Bissau Suriname
2024 $2,218,393,805 $4,416,775,112
2023 $2,127,688,181 $3,472,693,412
2022 $1,859,601,384 $3,791,603,200
2021 $1,908,094,558 $3,107,923,198
2020 $1,705,057,581 $2,911,807,496
2019 $1,596,227,316 $4,016,040,575
2018 $1,554,133,594 $3,996,198,867
2017 $1,469,978,606 $3,591,679,431
2016 $1,245,074,264 $3,317,421,648
2015 $1,152,384,167 $5,126,237,646
2014 $1,135,250,721 $5,240,606,061
2013 $1,109,682,824 $5,145,757,576
2012 $1,049,412,177 $4,980,000,000
2011 $1,157,074,319 $4,422,276,622
2010 $940,112,539 $4,368,370,998
2009 $890,167,833 $3,875,409,836
2008 $952,667,544 $3,532,969,035
2007 $753,162,998 $2,936,612,022
2006 $634,781,901 $2,626,380,435
2005 $639,776,041 $1,793,410,397
2004 $582,169,841 $1,484,092,538
2003 $553,614,800 $1,274,190,311
2002 $466,773,711 $1,093,574,468
2001 $412,610,872 $834,279,358
2000 $391,345,597 $947,671,970
1999 $579,365,780 $886,290,698
1998 $591,034,143 $1,110,850,000
1997 $698,107,222 $926,422,500
1996 $702,965,148 $861,372,806
1995 $660,195,402 $691,590,498
1994 $612,502,085 $605,492,537
1993 $615,779,519 $428,764,706
1992 $588,309,271 $404,600,000
1991 $668,470,891 $448,100,000
1990 $634,187,269 $388,400,000
1989 $554,072,303 $542,600,000
1988 $427,514,322 $1,161,000,000
1987 $451,893,375 $980,000,000
1986 $338,524,233 $891,000,000
1985 $373,959,151 $873,000,000
1984 $359,980,491 $864,000,000
1983 $425,225,177 $883,500,000
1982 $430,284,022 $915,000,000
1981 $402,230,865 $889,000,000
1980 $287,648,258 $795,000,000
1979 $308,143,183 $782,500,000
1978 $318,876,550 $735,500,000
1977 $298,871,675 $641,500,000
1976 $292,152,321 $505,500,000
1975 $283,311,997 $465,500,000
1974 $256,769,730 $409,850,000
1973 $232,331,281 $339,450,000
1972 $227,986,203 $311,950,000
1971 $204,167,297 $301,000,000
1970 $204,670,551 $274,900,000
1969 - $259,650,000
1968 - $241,350,000
1967 - $220,700,000
1966 - $190,350,000
1965 - $154,150,000
1964 - $134,400,000
1963 - $125,950,000
1962 - $116,150,000
1961 - $107,700,000
1960 - $99,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guinea-Bissau vs Suriname by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,008 $3,119 $6,962 $21,801
2023 $988 $2,990 $5,522 $21,110
2022 $883 $2,789 $6,084 $20,079
2021 $927 $2,523 $5,030 $18,458
2020 $847 $2,340 $4,755 $16,947
2019 $811 $2,247 $6,630 $19,772
2018 $809 $2,058 $6,666 $17,855
2017 $783 $2,082 $6,050 $17,568
2016 $680 $1,824 $5,644 $14,475
2015 $645 $1,730 $8,814 $16,544
2014 $652 $1,456 $9,108 $16,598
2013 $654 $1,416 $9,043 $16,173
2012 $635 $1,402 $8,851 $15,185
2011 $720 $1,472 $7,950 $13,926
2010 $600 $1,370 $7,944 $13,039
2009 $583 $1,315 $7,130 $12,393
2008 $640 $1,309 $6,576 $12,097
2007 $519 $1,260 $5,530 $11,530
2006 $449 $1,226 $5,003 $10,803
2005 $463 $1,187 $3,453 $10,014
2004 $431 $1,105 $2,888 $9,389
2003 $420 $1,089 $2,516 $8,552
2002 $362 $1,095 $2,202 $8,046
2001 $327 $1,064 $1,715 $7,865
2000 $317 $1,014 $1,988 $7,535
1999 $479 $1,001 $1,898 $7,367
1998 $498 $861 $2,429 $7,521
1997 $599 $1,118 $2,068 $7,422
1996 $615 $1,052 $1,963 $7,048
1995 $589 $945 $1,610 $7,000
1994 $561 $909 $1,434 $6,973
1993 $582 $890 $1,022 $6,650
1992 $574 $880 $969 $6,992
1991 $672 $877 $1,080 $6,852
1990 $651 $824 $942 $6,493
1989 $578 - $1,329 -
1988 $454 - $2,886 -
1987 $488 - $2,469 -
1986 $371 - $2,271 -
1985 $417 - $2,256 -
1984 $407 - $2,261 -
1983 $489 - $2,333 -
1982 $503 - $2,430 -
1981 $477 - $2,368 -
1980 $347 - $2,118 -
1979 $376 - $2,072 -
1978 $403 - $1,928 -
1977 $403 - $1,666 -
1976 $421 - $1,302 -
1975 $435 - $1,190 -
1974 $419 - $1,041 -
1973 $392 - $858 -
1972 $389 - $785 -
1971 $348 - $768 -
1970 $350 - $724 -
1969 - - $708 -
1968 - - $681 -
1967 - - $644 -
1966 - - $575 -
1965 - - $482 -
1964 - - $435 -
1963 - - $424 -
1962 - - $409 -
1961 - - $395 -
1960 - - $378 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Guinea-Bissau's GDP per capita is $1,008, ranking 177/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Suriname ranks 89th at $21,801.

Economic indicators

Guinea-Bissau Suriname
Gross domestic product
$2.22B
2024
$4.42B
2024
GDP rank
176/197
2024
164/197
2024
GDP growth
4.15%
2023-2024
1.72%
2023-2024
GDP per capita
$1,008
2024
$6,962
2024
GDP per capita rank
177/197
2024
102/197
2024
GDP per capita, PPP
$3,119
2024
$21,801
2024
GDP per capita PPP rank
179/197
2024
89/197
2024
Government debt
$1.82B
2024
$3.86B
2024
Debt-to-GDP ratio
82.2%
2024
87.3%
2024
Government debt per person
$828
2024
$6,077
2024
Government debt per person rank
146/185
2024
74/185
2024
Average annual personal income after taxes
$1,711
2026
$3,263
2026
Income share by richest 10%
26.1%
2021
30.1%
2022
Income share by poorest 10%
3.4%
2021
2.2%
2022
Government expenditure, % of GDP
20.4%
2024
29.2%
2024
Consumer prices inflation
3.7%
2023-2024
16.2%
2023-2024
Central bank interest rate n/a
10%
2013
Unemployment rate
2.67%
2022
7.92%
2016
Population
2311915
646767

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Suriname
Government spending Government debt Government spending Government debt
2024 20.4% 82.2% 29.2% 87.3%
2023 21.9% 79.4% 29% 98.2%
2022 21.3% 80.7% 29.5% 116.9%
2021 25% 78.8% 32% 115.8%
2020 25% 77.6% 30.2% 146.4%
2019 18.8% 65.1% 40.5% 84%
2018 19.5% 59.1% 29.5% 68.6%
2017 18.1% 51.8% 28.7% 73%
2016 20.5% 59.1% 27.9% 75.4%
2015 21.5% 56.3% 29.9% 41.2%
2014 23% 60.1% 25.2% 25.2%
2013 12.4% 49.6% 26.2% 27.9%
2012 13% 47.4% 25.1% 20.1%
2011 17.3% 45.6% 21% 18.7%
2010 18.5% 61.7% 21% 17.3%
2009 20.6% 148.3% 24% 14.6%
2008 21.8% 148.8% 20.5% 14.8%
2007 23.7% 164% 22.6% 16.4%
2006 19.8% 190.4% 22.2% 22.5%
2005 20.2% 203.7% 22.2% 27.1%
2004 23% 202% 20.8% 29.4%
2003 17% 183.4% 19.2% 31.5%
2002 14.1% 197.5% 22.2% 37.4%
2001 19.1% 204.4% 21.8% 37.2%
2000 23.5% 217.1% 24.4% 48.4%
1999 12.1% 109.9% 19.6% 32.3%
1998 8.72% 109.1% 30.3% 21.6%
1997 12.7% 94.3% 21.1% 16.8%
1996 8.93% 117.3% 21.4% 11.8%
1995 8.14% 103.3% 20.2% 16.3%
1994 18.4% 105.5% 19.8% 30.5%
1993 13.1% 112.4% 21.2% 51.1%
1992 10.1% 85.3% 24.4% 64.4%
1991 9.19% 88.9% 26.6% 75.7%
1990 - - 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-02-20).

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

In 2024, Guinea-Bissau's government spending was $452M, accounting for 20.4% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 82.2% in Guinea-Bissau and 87.3% in Suriname, ranking 41/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Suriname
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Suriname
2024 -7.26% -2.42%
2023 -8.15% -1.68%
2022 -6.06% -2.69%
2021 -5.88% -5.66%
2020 -9.64% -12%
2019 -3.86% -20.2%
2018 -4.76% -8.56%
2017 -1.32% -8.62%
2016 -5.34% -10.2%
2015 -3.16% -8.29%
2014 -2.44% -2.65%
2013 -1.67% -2.64%
2012 -2.12% -0.38%
2011 -1.35% 2.32%
2010 -0.23% -0.15%
2009 2.68% 2.03%
2008 -0.73% 2.39%
2007 -8.77% 5.01%
2006 -4.57% 0.59%
2005 -4.96% -3.39%
2004 -5.92% -1.2%
2003 -5.63% -0.11%
2002 -3.7% -3.3%
2001 -1.83% 3.49%
2000 -2.8% -7.76%
1999 -4.06% -4.92%
1998 -5.95% -6.39%
1997 -2.56% -0.32%
1996 3.48% 3.42%
1995 2.45% 1.17%
1994 -5.54% -1.89%
1993 -0.34% -4.68%
1992 -0.25% -6.45%
1991 1.61% -9.8%
1990 - -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guinea-bissau/suriname | 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 Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 34 years, Guinea-Bissau recorded a fiscal deficit in 30 of those years, while Suriname ran a deficit in 26 years. On average, Guinea-Bissau posted an annual deficit equal to 3.25% of GDP, compared to deficit of 3.41% of GDP for Suriname.

Inflation comparison by year

Inflation
Guinea-Bissau

Suriname
1x
Year Consumer prices inflation
Guinea-Bissau Suriname
2024 3.7% 16.2%
2023 7.2% 51.6%
2022 7.9% 52.4%
2021 3.3% 59.1%
2020 1.5% 34.9%
2019 0.3% -
2018 0.4% -
2017 -0.2% 22%
2016 2.7% 55.4%
2015 1.5% 6.89%
2014 -1% 3.38%
2013 0.8% 1.92%
2012 2.1% 5.01%
2011 5.1% 17.7%
2010 1.1% 6.94%
2009 -1.6% -0.13%
2008 10.4% 14.7%
2007 4.6% 6.43%
2006 2% 11.3%
2005 3.4% 9.9%
2004 0.8% 9.99%
2003 -3.5% 23%
2002 3.3% 15.5%
2001 3.3% 38.6%
2000 8.6% 59.4%
1999 -2.1% 98.8%
1998 8.1% 19%
1997 49.1% 7.15%

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/suriname | CC BY

Over the past 28 years, Guinea-Bissau has recorded an average annual inflation rate of 4.39%, compared with 24.9% in Suriname. In 2024, inflation was 3.7% in Guinea-Bissau and 16.2% in Suriname.

Balance of trade

Guinea-Bissau Suriname
Current account balance
-$160M
2023
$9.31M
2024
Current account balance ranking
95/190
2023
76/190
2024
Current account balance, % of GDP
-7.53%
2023
+0.21%
2024
Goods imports
$403M
2023
$1.65B
2024
Goods exports
$240M
2023
$2.58B
2024
Service imports
$189M
2023
$921M
2024
Service exports
$44.8M
2023
$211M
2024
Imports of goods and services, % of GDP
27%
2024
38.4%
2010
Exports of goods and services, % of GDP
11.8%
2024
52.5%
2010

Economic freedom indices

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

Guinea-Bissau Suriname
Economic freedom 43.2 53
Economic freedom ranking 181/197 143/197
Property rights 28.4 40.5
Government integrity 21 41
Judicial effectiveness 13.2 46.5
Tax burden 89 69.1
Government spending 86.5 74.3
Fiscal health 6.5 76.6
Business freedom 34.6 56.9
Labor freedom 55.9 69
Monetary freedom 75.9 56.4
Trade freedom 47 65.2
Investment freedom 30 20
Financial freedom 30 20

Economic freedom comparison by year

Guinea-Bissau
Suriname
1x
Year Economic freedom index
Guinea-Bissau Suriname
2026 43.2 53
2025 43.6 50.9
2024 42.7 46.7
2023 44.6 46.1
2022 46 48.1
2021 54.9 46.4
2020 53.3 49.5
2019 54 48.1
2018 56.9 48.1
2017 56.1 48
2016 51.8 53.8
2015 52 54.2
2014 51.3 54.2
2013 51.1 52
2012 50.1 52.6
2011 46.5 53.1
2010 43.6 52.5
2009 45.4 54.1
2008 44.4 54.3
2007 46.1 54.8
2006 46.5 55.1
2005 46 51.9
2004 42.6 47.9
2003 43.1 46.9
2002 42.3 48
2001 42.5 44.3
2000 34.7 45.8
1999 33.5 40.1
1998 - 39.9
1997 - 35.9
1996 - 36.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Suriname
Services, % of GDP
37.9%
2024
50.8%
2024
Industry, % of GDP
15.6%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
42.2%
2024
6.77%
2024
GNI, Atlas method
$2.18B
2024
$3.61B
2024
GNI per capita, PPP
$3,140
2024
$20,000
2024
Total reserves including gold n/a
$1.63B
2024
Total reserves ranking n/a
132/177
2024
Net foreign direct investment
-$24.8M
2023
$26.5M
2024
Net inflows of foreign direct investment
$26.7M
2024
-$37.6M
2024
Net outflows of foreign direct investment
$389K
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
20.5%
2023
Poverty at national poverty lines
50.5%
2021
70%
2020
Gross capital formation, % of GDP
24.9%
2024
36.2%
2010

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/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, 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 (1991–1996, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.