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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $679M for Tonga, ranking 176/197 and 191/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Guinea-Bissau vs Tonga GDP by year

Guinea-Bissau
Tonga
1x
Year GDP, current $
Guinea-Bissau Tonga
2025 $2,527,930,273 $679,218,219
2024 $2,197,777,210 $647,488,244
2023 $2,076,748,678 $591,139,734
2022 $1,856,239,955 $556,514,556
2021 $1,907,611,288 $519,306,339
2020 $1,705,062,170 $506,571,487
2019 $1,596,214,680 $506,031,248
2018 $1,554,133,594 $493,530,767
2017 $1,469,978,606 $459,976,847
2016 $1,245,074,264 $420,828,255
2015 $1,152,384,167 $437,525,539
2014 $1,135,250,721 $440,997,735
2013 $1,109,682,824 $451,788,498
2012 $1,049,412,177 $471,122,971
2011 $1,157,074,319 $414,143,828
2010 $940,112,539 $366,887,375
2009 $890,167,833 $312,415,028
2008 $952,667,544 $344,438,844
2007 $753,162,998 $298,519,623
2006 $634,781,901 $292,232,703
2005 $639,776,041 $261,823,805
2004 $582,169,841 $230,678,011
2003 $553,614,800 $202,246,591
2002 $466,773,711 $182,764,281
2001 $412,610,872 $181,117,230
2000 $391,345,597 $204,848,488
1999 $579,365,780 $199,208,718
1998 $591,034,143 $191,504,893
1997 $698,107,222 $214,991,452
1996 $702,965,148 $222,100,576
1995 $660,195,402 $208,871,666
1994 $612,502,085 $195,990,986
1993 $615,779,519 $138,489,884
1992 $588,309,271 $137,066,291
1991 $668,470,891 $132,201,141
1990 $634,187,269 $113,563,822
1989 $554,072,303 $106,344,855
1988 $427,514,322 $106,657,267
1987 $451,893,375 $81,667,133
1986 $338,524,233 $68,195,856
1985 $373,959,151 $60,058,663
1984 $359,980,491 $64,248,355
1983 $425,225,177 $60,863,964
1982 $430,284,022 $62,068,161
1981 $402,230,865 $62,242,013
1980 $287,648,258 $53,260,077
1979 $308,143,183 $44,667,002
1978 $318,876,550 $41,567,472
1977 $298,871,675 $34,139,388
1976 $292,152,321 $30,036,417
1975 $283,311,997 $32,506,742
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/tonga | CC BY

GDP per capita in Guinea-Bissau vs Tonga by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $6,547 -
2024 $998 $3,119 $6,215 -
2023 $964 $2,990 $5,652 $7,803
2022 $882 $2,789 $5,298 $7,296
2021 $927 $2,523 $4,923 $6,929
2020 $847 $2,340 $4,792 $6,676
2019 $811 $2,247 $4,789 $6,473
2018 $809 $2,058 $4,675 $6,393
2017 $783 $2,082 $4,366 $6,229
2016 $680 $1,824 $3,988 $5,920
2015 $645 $1,730 $4,124 $5,472
2014 $652 $1,456 $4,137 $5,336
2013 $654 $1,416 $4,219 $5,120
2012 $635 $1,402 $4,384 $4,996
2011 $720 $1,472 $3,850 $4,855
2010 $600 $1,370 $3,416 $4,465
2009 $583 $1,315 $2,914 $4,384
2008 $640 $1,309 $3,218 $4,600
2007 $519 $1,260 $2,797 $4,316
2006 $449 $1,226 $2,750 $4,327
2005 $463 $1,187 $2,478 $4,315
2004 $431 $1,105 $2,195 $4,235
2003 $420 $1,089 $1,936 $4,231
2002 $362 $1,095 $1,759 $4,171
2001 $327 $1,064 $1,754 $3,955
2000 $317 $1,014 $1,995 $3,834
1999 $479 $1,001 $1,952 $3,636
1998 $498 $861 $1,889 $3,527
1997 $599 $1,118 $2,136 $3,434
1996 $615 $1,052 $2,215 $3,410
1995 $589 $945 $2,084 $3,347
1994 $561 $909 $1,957 $3,088
1993 $582 $890 $1,383 $2,882
1992 $574 $880 $1,370 $2,716
1991 $672 $877 $1,323 $2,652
1990 $651 $824 $1,139 $2,416
1989 $578 - $1,070 -
1988 $454 - $1,078 -
1987 $488 - $830 -
1986 $371 - $696 -
1985 $417 - $613 -
1984 $407 - $656 -
1983 $489 - $621 -
1982 $503 - $633 -
1981 $477 - $636 -
1980 $347 - $545 -
1979 $376 - $458 -
1978 $403 - $428 -
1977 $403 - $353 -
1976 $421 - $315 -
1975 $435 - $349 -
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/tonga | CC BY

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Tonga ranks 144th at $7,803.

Economic indicators

Guinea-Bissau Tonga
Gross domestic product
$2.53B
2025
$679M
2025
GDP rank
176/197
2025
191/197
2025
GDP growth
5.82%
2024-2025
2.8%
2024-2025
GDP per capita
$1,124
2025
$6,547
2025
GDP per capita rank
177/197
2025
110/197
2025
GDP per capita, PPP
$3,119
2024
$7,803
2023
GDP per capita PPP rank
179/197
2024
144/197
2023
Government debt
$1.9B
2025
$186M
2025
Debt-to-GDP ratio
75.3%
2025
27.4%
2025
Government debt per person
$846
2025
$1,793
2025
Government debt per person rank
149/185
2025
123/185
2025
Average annual personal income after taxes
$1,483
2026
$4,104
2026
Income share by richest 10%
26.1%
2021
22%
2021
Income share by poorest 10%
3.4%
2021
4%
2021
Government expenditure, % of GDP
19.9%
2025
46.8%
2025
Consumer prices inflation
0.9%
2024-2025
5.59%
2024-2025
Unemployment rate
2.67%
2022
1.65%
2023
Population
2323460
103283

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Tonga
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 46.8% 27.4%
2024 20.4% 82.4% 44.3% 31.9%
2023 21.9% 79.4% 41.5% 37.2%
2022 21.3% 80.7% 41.3% 40.2%
2021 25% 78.8% 44.5% 43%
2020 25% 77.6% 37.1% 41.7%
2019 18.8% 65.1% 39% 41.8%
2018 19.5% 59.1% 39.3% 45.5%
2017 18.1% 51.8% 39.7% 44.7%
2016 20.5% 59.1% 37.2% 49.4%
2015 21.5% 56.3% 37.4% 51.1%
2014 23% 60.1% 31.5% 47.4%
2013 12.4% 49.6% 34.3% 48.9%
2012 13% 47.4% 32% 60%
2011 17.3% 45.6% 32.6% 51.9%
2010 18.5% 61.7% 28.4% 44.7%
2009 20.6% 148.3% 23.9% 39.7%
2008 21.8% 148.8% 24% 34%
2007 23.7% 164% 23.2% 37.8%
2006 19.8% 190.4% 25.6% 39.6%
2005 20.2% 203.7% 19.8% 43.3%
2004 23% 202% 19.3% 52.2%
2003 17% 183.4% 20% 56.2%
2002 14.1% 197.5% 21.3% 60.7%
2001 19.1% 204.4% 19.1% 53.4%
2000 23.5% 217.1% 20% 43.6%
1999 12.1% 109.9% 18.8% 38.4%
1998 8.72% 109.1% - -
1997 12.7% 94.3% - -
1996 8.93% 117.3% - -
1995 8.14% 103.3% - -
1994 18.4% 105.5% - -
1993 13.1% 112.4% - -
1992 10.1% 85.3% - -
1991 9.19% 88.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-07-08).

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

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 27.4% in Tonga, ranking 49/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Tonga
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Tonga
2025 -6.69% 4.86%
2024 -7.26% 3.6%
2023 -8.15% 5.28%
2022 -6.06% -0.09%
2021 -5.88% -0.87%
2020 -9.64% 5.15%
2019 -3.86% 3.2%
2018 -4.76% 2.9%
2017 -1.32% 3.58%
2016 -5.34% 1.47%
2015 -3.16% -2.75%
2014 -2.44% 6.38%
2013 -1.67% -1.3%
2012 -2.12% -1.74%
2011 -1.35% -6.02%
2010 -0.23% -1.22%
2009 2.68% 6.85%
2008 -0.73% 2.14%
2007 -8.77% 5.39%
2006 -4.57% 1.34%
2005 -4.96% 4.23%
2004 -5.92% 4.23%
2003 -5.63% 2.37%
2002 -3.7% 2.59%
2001 -1.83% 2.23%
2000 -2.8% 1.35%
1999 -4.06% 1.55%
1998 -5.95% -
1997 -2.56% -
1996 3.48% -
1995 2.45% -
1994 -5.54% -
1993 -0.34% -
1992 -0.25% -
1991 1.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/tonga | 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 Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Guinea-Bissau recorded a fiscal deficit in 26 of those years, while Tonga ran a deficit in 7 years. On average, Guinea-Bissau posted an annual deficit equal to 4.08% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Guinea-Bissau

Tonga
1x
Year Consumer prices inflation
Guinea-Bissau Tonga
2025 0.9% 5.59%
2024 3.7% 3.18%
2023 7.2% 6.35%
2022 7.9% 11%
2021 3.3% 5.64%
2020 1.5% -0.35%
2019 0.3% 1.18%
2018 0.4% 5.03%
2017 -0.2% 7.52%
2016 2.7% 2.58%
2015 1.5% -1.05%
2014 -1% 2.51%
2013 0.8% 0.78%
2012 2.1% 1.15%
2011 5.1% 6.27%
2010 1.1% 3.53%
2009 -1.6% 1.43%
2008 10.4% 10.4%
2007 4.6% 5.84%
2006 2% 6.15%
2005 3.4% 8.67%
2004 0.8% 11%
2003 -3.5% 11.6%
2002 3.3% 10.4%
2001 3.3% 8.29%
2000 8.6% 6.33%
1999 -2.1% 4.46%
1998 8.1% 3.27%
1997 49.1% 2.12%

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

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

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 5.2% in Tonga. In 2025, inflation was 0.9% in Guinea-Bissau and 5.59% in Tonga.

Balance of trade

Guinea-Bissau Tonga
Current account balance
-$162M
2024
-$43.5M
2024
Current account balance ranking
87/190
2024
76/190
2024
Current account balance, % of GDP
-7.36%
2024
-6.72%
2024
Goods imports
$414M
2024
$232M
2024
Goods exports
$229M
2024
$10.8M
2024
Service imports
$198M
2024
$161M
2024
Service exports
$51M
2024
$93.6M
2024
Imports of goods and services, % of GDP
27%
2025
60.7%
2024
Exports of goods and services, % of GDP
13.9%
2025
16.9%
2024

Economic freedom indices

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

Guinea-Bissau Tonga
Economic freedom 43.2 58.9
Economic freedom ranking 181/197 107/197
Property rights 28.4 71.1
Government integrity 21 45.1
Judicial effectiveness 13.2 64.9
Tax burden 89 85.6
Government spending 86.5 31
Fiscal health 6.5 97.3
Business freedom 34.6 59.2
Labor freedom 55.9 55.9
Monetary freedom 75.9 61
Trade freedom 47 75.4
Investment freedom 30 40
Financial freedom 30 20

Economic freedom comparison by year

Guinea-Bissau
Tonga
1x
Year Economic freedom index
Guinea-Bissau Tonga
2026 43.2 58.9
2025 43.6 58.5
2024 42.7 59.2
2023 44.6 60
2022 46 60.8
2021 54.9 57.5
2020 53.3 58.8
2019 54 57.7
2018 56.9 63.1
2017 56.1 63
2016 51.8 59.6
2015 52 59.3
2014 51.3 58.2
2013 51.1 56
2012 50.1 57
2011 46.5 55.8
2010 43.6 53.4
2009 45.4 54.1
2008 44.4 -
2007 46.1 -
2006 46.5 -
2005 46 -
2004 42.6 -
2003 43.1 -
2002 42.3 -
2001 42.5 -
2000 34.7 -
1999 33.5 -

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Tonga
Services, % of GDP
39.1%
2025
49.5%
2024
Industry, % of GDP
15.7%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
18.6%
2024
GNI, Atlas method
$2.45B
2025
$709M
2025
GNI per capita, PPP
$3,320
2025
$9,240
2025
Total reserves including gold n/a
$413M
2025
Total reserves ranking n/a
162/177
2025
Net foreign direct investment
-$26.3M
2024
$13.3M
2024
Net inflows of foreign direct investment
$26.7M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$389K
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
6.33%
2024
Poverty at national poverty lines
50.5%
2021
20.6%
2021
Gross capital formation, % of GDP
25.8%
2025
26.4%
2024

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/tonga | 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 (1991–2025, 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.