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Guinea-Bissau

Headline economic indicators for Guinea-Bissau, with the most recent official readings.

Prices

Prices — Guinea-Bissau
Indicator Value Change
Inflation rate · 0.9% -2.89 (-76.8%)
Consumer price index · 142.9 +1.24 (+0.9%)
GDP deflator inflation · 4.3% +3.00 (+227.0%)

GDP

GDP — Guinea-Bissau
Indicator Value Change
GDP growth rate · 5.8% +1.41 (+32.0%)
GDP per capita · 1,123.77 +125.39 (+12.6%)
GDP per capita, long-run history · 1,625 +31.57 (+2.0%)
GDP · 2,527,930,272.93 +330,153,063 (+15.0%)
GDP, PPP · 7,407,867,325 +598,061,223 (+8.8%)
GDP per capita, PPP · 3,293 +199.63 (+6.5%)
GDP per capita growth · 3.6% +1.42 (+66.6%)
GNI per capita · 1,090 +110.00 (+11.2%)
Agriculture to GDP · 40.6% -0.54 (-1.3%)
Industry to GDP · 15.7% -0.25 (-1.6%)
Manufacturing to GDP · 8.6% -0.57 (-6.2%)
Services to GDP · 39.1% +0.46 (+1.2%)
Household consumption to GDP · 71.9% -0.44 (-0.6%)
Gross capital formation to GDP · 25.8% -0.52 (-2.0%)
Gross savings to GDP · 19.1% +0.75 (+4.1%)

Labour

Labour — Guinea-Bissau
Indicator Value Change
Unemployment rate · 2.7% +0.03 (+1.0%)
Labour force participation rate · 64.8% +0.06 (+0.1%)
Female labour force participation rate · 60.3% +0.12 (+0.2%)
Youth unemployment rate · 2.8% +0.02 (+0.6%)
Employment to population ratio · 63.1% +0.04 (+0.1%)
Employment in agriculture · 61.1% -0.63 (-1.0%)
Employment in industry · 9.7% +0.03 (+0.3%)
Employment in services · 29.2% +0.60 (+2.1%)

Money

Money — Guinea-Bissau
Indicator Value Change
Real interest rate · 2.5% +10.69 (+130.7%)
Broad money to GDP · 37.2% -2.19 (-5.6%)
Private sector credit to GDP · 10.0% -0.74 (-6.9%)
Lending rate · 5.3% +0.14 (+2.7%)
Bank deposit rate · 6.9% -0.07 (-1.0%)
Official exchange rate · 581.93 -24.42 (-4.0%)

Trade

Trade — Guinea-Bissau
Indicator Value Change
Current account to GDP · -7.4% +0.35 (+4.6%)
Exports to GDP · 13.9% +1.17 (+9.2%)
Imports to GDP · 27.0% -0.66 (-2.4%)
Trade to GDP · 40.9% +0.51 (+1.3%)
Exports of goods and services · 350,530,220.91 +71,449,907 (+25.6%)
Imports of goods and services · 682,869,562.11 +74,664,705 (+12.3%)
Trade balance, goods and services (annual) · -331,524,696.53 -23,929,073 (-7.8%)
Current account balance (annual) · -161,732,147.35 -1,563,624 (-1.0%)
Foreign direct investment to GDP · 1.3% +0.12 (+9.5%)
Remittances received to GDP · 9.9% +0.04 (+0.4%)
External debt to GNI · 67.1% -0.96 (-1.4%)

Government

Government — Guinea-Bissau
Indicator Value Change
Government revenue to GDP · 10.2% -0.77 (-7.0%)
Government expense to GDP · 15.5% +1.13 (+7.8%)
Tax revenue to GDP · 8.3% -0.55 (-6.2%)
Government budget balance to GDP · -8.0% +0.73 (+8.4%)
Government consumption to GDP · 15.5% -0.87 (-5.3%)
Education spending to GDP · 2.0% +0.12 (+6.6%)
Health spending to GDP · 8.8% +0.48 (+5.8%)

Demography

Demography — Guinea-Bissau
Indicator Value Change
Population · 2,249,515 +48,163 (+2.2%)
Population, long-run history · 2,005 +42.71 (+2.2%)
Population growth · 2.2% -0.04 (-1.9%)
Life expectancy · 64.3 +0.17 (+0.3%)
Fertility rate · 3.76 -0.08 (-2.1%)
Birth rate · 29.6 -0.48 (-1.6%)
Death rate · 7.0 -0.04 (-0.6%)
Urban population share · 46.7% +0.54 (+1.2%)
Population aged 65 and over · 3.2% +0.05 (+1.4%)
Under-five mortality rate · 67.3 -2.40 (-3.4%)
Population density · 78.3 +1.71 (+2.2%)
Net migration · -1,373 +339.00 (+19.8%)
Gini index · 33.4 -1.40 (-4.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Guinea-Bissau; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.