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

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $515B for Vietnam, ranking 176/197 and 33/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Guinea-Bissau vs Vietnam GDP by year

Guinea-Bissau
Vietnam
1x
Year GDP, current $
Guinea-Bissau Vietnam
2025 $2,527,930,273 $514,697,215,165
2024 $2,197,777,210 $476,324,572,784
2023 $2,076,748,678 $433,805,036,898
2022 $1,856,239,955 $413,445,230,669
2021 $1,907,611,288 $366,474,752,771
2020 $1,705,062,170 $346,615,738,538
2019 $1,596,214,680 $334,365,270,497
2018 $1,554,133,594 $310,106,478,395
2017 $1,469,978,606 $281,353,605,987
2016 $1,245,074,264 $257,096,001,178
2015 $1,152,384,167 $239,258,328,382
2014 $1,135,250,721 $233,451,469,643
2013 $1,109,682,824 $213,708,811,665
2012 $1,049,412,177 $195,590,661,129
2011 $1,157,074,319 $172,595,049,184
2010 $940,112,539 $147,201,173,197
2009 $890,167,833 $106,014,659,565
2008 $952,667,544 $99,130,304,099
2007 $753,162,998 $77,414,425,532
2006 $634,781,901 $66,371,664,817
2005 $639,776,041 $57,633,255,738
2004 $582,169,841 $45,427,854,693
2003 $553,614,800 $39,552,513,232
2002 $466,773,711 $35,064,105,501
2001 $412,610,872 $32,685,198,809
2000 $391,345,597 $31,172,518,403
1999 $579,365,780 $28,683,659,007
1998 $591,034,143 $27,209,602,050
1997 $698,107,222 $26,843,700,442
1996 $702,965,148 $24,657,470,575
1995 $660,195,402 $20,736,164,459
1994 $612,502,085 $16,286,433,533
1993 $615,779,519 $13,180,953,598
1992 $588,309,271 $9,866,990,236
1991 $668,470,891 $9,613,369,520
1990 $634,187,269 $6,471,740,806
1989 $554,072,303 $6,293,304,975
1988 $427,514,322 $25,423,812,649
1987 $451,893,375 $36,658,108,850
1986 $338,524,233 $26,336,616,250
1985 $373,959,151 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Guinea-Bissau vs Vietnam by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $5,066 -
2024 $998 $3,119 $4,717 $16,386
2023 $964 $2,990 $4,323 $15,034
2022 $882 $2,789 $4,148 $13,905
2021 $927 $2,523 $3,704 $12,049
2020 $847 $2,340 $3,534 $11,609
2019 $811 $2,247 $3,441 $11,029
2018 $809 $2,058 $3,222 $10,010
2017 $783 $2,082 $2,956 $9,170
2016 $680 $1,824 $2,735 $8,375
2015 $645 $1,730 $2,578 $7,672
2014 $652 $1,456 $2,546 $7,297
2013 $654 $1,416 $2,360 $6,758
2012 $635 $1,402 $2,185 $6,377
2011 $720 $1,472 $1,951 $5,786
2010 $600 $1,370 $1,683 $5,389
2009 $583 $1,315 $1,226 $5,061
2008 $640 $1,309 $1,164 $4,844
2007 $519 $1,260 $926 $4,581
2006 $449 $1,226 $808 $4,237
2005 $463 $1,187 $711 $3,894
2004 $431 $1,105 $565 $3,543
2003 $420 $1,089 $497 $3,240
2002 $362 $1,095 $445 $3,002
2001 $327 $1,064 $419 $2,809
2000 $317 $1,014 $404 $2,614
1999 $479 $1,001 $376 $2,421
1998 $498 $861 $361 $2,308
1997 $599 $1,118 $362 $2,189
1996 $615 $1,052 $337 $2,019
1995 $589 $945 $287.8 $1,841
1994 $561 $909 $229.9 $1,674
1993 $582 $890 $189.4 $1,534
1992 $574 $880 $144.5 $1,413
1991 $672 $877 $143.7 $1,298
1990 $651 $824 $98.8 $1,210
1989 $578 - $98.1 -
1988 $454 - $405 -
1987 $488 - $595 -
1986 $371 - $436 -
1985 $417 - $238.6 -
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/vietnam | CC BY

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Vietnam ranks 108th at $16,386.

Economic indicators

Guinea-Bissau Vietnam
Gross domestic product
$2.53B
2025
$515B
2025
GDP rank
176/197
2025
33/197
2025
GDP growth
5.82%
2024-2025
8.02%
2024-2025
GDP per capita
$1,124
2025
$5,066
2025
GDP per capita rank
177/197
2025
122/197
2025
GDP per capita, PPP
$3,119
2024
$16,386
2024
GDP per capita PPP rank
179/197
2024
108/197
2024
Government debt
$1.9B
2025
$156B
2025
Debt-to-GDP ratio
75.3%
2025
30.3%
2025
Government debt per person
$846
2025
$1,537
2025
Government debt per person rank
149/185
2025
130/185
2025
Average annual personal income after taxes
$1,483
2026
$5,133
2026
Market capitalization of domestic companies n/a
$316B
2025
Number of billionaires n/a
5
2026
Income share by richest 10%
26.1%
2021
28.1%
2022
Income share by poorest 10%
3.4%
2021
2.6%
2022
Government expenditure, % of GDP
19.9%
2025
22.1%
2025
Consumer prices inflation
0.9%
2024-2025
3.3%
2024-2025
Central bank interest rate n/a
4.5%
2023
Unemployment rate
2.67%
2022
1.53%
2024
Population
2323460
102486146

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Vietnam
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 22.1% 30.3%
2024 20.4% 82.4% 19.1% 31.2%
2023 21.9% 79.4% 18.8% 34.3%
2022 21.3% 80.7% 18.2% 34.9%
2021 25% 78.8% 20.1% 39.2%
2020 25% 77.6% 21.3% 41.3%
2019 18.8% 65.1% 19.8% 41%
2018 19.5% 59.1% 20.5% 43.8%
2017 18.1% 51.8% 21.5% 46.6%
2016 20.5% 59.1% 22.2% 47.9%
2015 21.5% 56.3% 24.2% 46.1%
2014 23% 60.1% 22.8% 43.6%
2013 12.4% 49.6% 24.5% 41.4%
2012 13% 47.4% 23.5% 38.3%
2011 17.3% 45.6% 21.2% 36.2%
2010 18.5% 61.7% 23.7% 37.3%
2009 20.6% 148.3% 25% 36.2%
2008 21.8% 148.8% 21.4% 31%
2007 23.7% 164% 22.3% 32.2%
2006 19.8% 190.4% 20.5% 30.2%
2005 20.2% 203.7% 20.6% 28.7%
2004 23% 202% 19.4% 29.4%
2003 17% 183.4% 22.2% 29.8%
2002 14.1% 197.5% 19.7% 27.7%
2001 19.1% 204.4% 19.2% 25.4%
2000 23.5% 217.1% 17.8% 24.8%
1999 12.1% 109.9% 16.7% -
1998 8.72% 109.1% 16% -
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/vietnam | CC BY

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 30.3% in Vietnam, ranking 49/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Vietnam
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Vietnam
2025 -6.69% -2.2%
2024 -7.26% -1.54%
2023 -8.15% -1.72%
2022 -6.06% 0.67%
2021 -5.88% -1.43%
2020 -9.64% -2.86%
2019 -3.86% -0.4%
2018 -4.76% -1.02%
2017 -1.32% -1.96%
2016 -5.34% -3.16%
2015 -3.16% -4.98%
2014 -2.44% -5.02%
2013 -1.67% -5.96%
2012 -2.12% -5.46%
2011 -1.35% -0.9%
2010 -0.23% -2.25%
2009 2.68% -4.82%
2008 -0.73% -0.45%
2007 -8.77% -1.74%
2006 -4.57% 0.2%
2005 -4.96% -0.95%
2004 -5.92% -0.15%
2003 -5.63% -2.56%
2002 -3.7% -1.85%
2001 -1.83% -2.19%
2000 -2.8% -1.61%
1999 -4.06% -1.25%
1998 -5.95% -0.1%
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/vietnam | 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 Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 28 years, Guinea-Bissau recorded a fiscal deficit in 27 of those years, while Vietnam ran a deficit in 26 years. On average, Guinea-Bissau posted an annual deficit equal to 4.15% of GDP, compared to deficit of 2.06% of GDP for Vietnam.

Inflation comparison by year

Inflation
Guinea-Bissau

Vietnam
1x
Year Consumer prices inflation
Guinea-Bissau Vietnam
2025 0.9% 3.3%
2024 3.7% 3.6%
2023 7.2% 3.3%
2022 7.9% 3.2%
2021 3.3% 1.8%
2020 1.5% 3.2%
2019 0.3% 2.8%
2018 0.4% 3.5%
2017 -0.2% 3.5%
2016 2.7% 2.7%
2015 1.5% 0.6%
2014 -1% 4.1%
2013 0.8% 6.6%
2012 2.1% 9.1%
2011 5.1% 18.7%
2010 1.1% 10.5%
2009 -1.6% 6.7%
2008 10.4% 23.1%
2007 4.6% 8.3%
2006 2% 7.5%
2005 3.4% 8.4%
2004 0.8% 7.9%
2003 -3.5% 3.3%
2002 3.3% 4.1%
2001 3.3% -0.3%
2000 8.6% -1.8%
1999 -2.1% 4.1%
1998 8.1% 7.2%
1997 49.1% 3.1%

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

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

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 5.59% in Vietnam. In 2025, inflation was 0.9% in Guinea-Bissau and 3.3% in Vietnam.

Top exports between countries

Guinea-Bissau
Export category Export value
Raw agricultural goods $14.9M
Wood & paper products $150K
Vietnam
Export category Export value

Balance of trade

Guinea-Bissau Vietnam
Current account balance
-$162M
2024
$30.2B
2024
Current account balance ranking
87/190
2024
18/190
2024
Current account balance, % of GDP
-7.36%
2024
+6.33%
2024
Goods imports
$414M
2024
$363B
2024
Goods exports
$229M
2024
$407B
2024
Service imports
$198M
2024
$35.6B
2024
Service exports
$51M
2024
$25B
2024
Imports of goods and services, % of GDP
27%
2025
92.1%
2025
Exports of goods and services, % of GDP
13.9%
2025
98.2%
2025

Economic freedom indices

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

Guinea-Bissau Vietnam
Economic freedom 43.2 64.4
Economic freedom ranking 181/197 73/197
Property rights 28.4 47.3
Government integrity 21 39.2
Judicial effectiveness 13.2 31.3
Tax burden 89 80.9
Government spending 86.5 89.5
Fiscal health 6.5 96.9
Business freedom 34.6 70
Labor freedom 55.9 54.7
Monetary freedom 75.9 73.2
Trade freedom 47 79.8
Investment freedom 30 60
Financial freedom 30 50

Economic freedom comparison by year

Guinea-Bissau
Vietnam
1x
Year Economic freedom index
Guinea-Bissau Vietnam
2026 43.2 64.4
2025 43.6 65.2
2024 42.7 62.8
2023 44.6 61.8
2022 46 60.6
2021 54.9 61.7
2020 53.3 58.8
2019 54 55.3
2018 56.9 53.1
2017 56.1 52.4
2016 51.8 54
2015 52 51.7
2014 51.3 50.8
2013 51.1 51
2012 50.1 51.3
2011 46.5 51.6
2010 43.6 49.8
2009 45.4 51
2008 44.4 50.4
2007 46.1 49.8
2006 46.5 50.5
2005 46 48.1
2004 42.6 46.1
2003 43.1 46.2
2002 42.3 45.6
2001 42.5 44.3
2000 34.7 43.7
1999 33.5 42.7
1998 - 40.4
1997 - 38.6
1996 - 40.2
1995 - 41.7

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

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

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guinea-Bissau Vietnam
Services, % of GDP
39.1%
2025
42.7%
2025
Industry, % of GDP
15.7%
2025
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
11.6%
2025
GNI, Atlas method
$2.45B
2025
$505B
2025
GNI per capita, PPP
$3,320
2025
$17,580
2025
Total reserves including gold n/a
$85.6B
2025
Total reserves ranking n/a
33/177
2025
Net foreign direct investment
-$26.3M
2024
-$19.6B
2024
Net inflows of foreign direct investment
$26.7M
2024
$20.2B
2024
Net outflows of foreign direct investment
$389K
2024
$600M
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
7.29%
2024
Poverty at national poverty lines
50.5%
2021
4.2%
2022
Gross capital formation, % of GDP
25.8%
2025
30.8%
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/vietnam | 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 (1995–2026, 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. TradeMap (2018, 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.