Economic Trivia

Guinea-Bissau is the sixth largest producer of cashews in the world.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Agricultural Products Processing; Beer; Soft Drinks

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $4,612,114,376 (2022)
GDP Growth Rate (annual %) 3.5% (2022)
GDP Per Capita, PPP (current international) $2,190 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 174/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 9.394% (2022)
External debt stocks, total (DOD, current US$) $1,111,952,782 (2021)
Total tax rate (% of commercial profits) 45.5% (2019)
Real Interest Rate (5 year average %) -0.754% (2017)
Manufacturing, value added (% of GDP) 9.11% (2018)
Current Account Balance (BoP, current US$) ($14,127,803) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 705,133 (2022)
Employment in Agriculture (% of total employment) 50.338% (2021)
Employment in Industry (% of total employment) 10.478% (2021)
Employment in Services (% of total employment) 39.184% (2021)
Unemployment Rate 3.583% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $418,772,051 (2020)
Exports of goods and services (current US$) $205,987,685 (2020)
Total Merchandise Trade (% of GDP) 37.097% (2022)
FDI, net inflows (BoP, current US$) $21,940,885 (2022)
Commercial Service Exports (current US$) $34,946,669 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Guinea-Bissau’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank