Guinea-Bissau: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| 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) | $3,835,469,758 (2020) |
| GDP Growth Rate (annual %) | -2.4% (2020) |
| GDP Per Capita, PPP (current international) | $1,949 (2020) |
GDP Country Rank 173/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.247% (2019) |
| External debt stocks, total (DOD, current US$) | $634,844,921 (2019) |
| Total tax rate (% of commercial profits) | 45.5% (2019) |
| Real Interest Rate (5 year average %) | -0.754% (2017) |
| Manufacturing, value added (% of GDP) | 9.11% (2018) |
| Current Account Balance (BoP, current US$) | ($127,409,979) (2019) |
Labor and Employment [1]
| Labor Force, Total | 792,581 (2020) |
| Employment in Agriculture (% of total employment) | 67.794% (2020) |
| Employment in Industry (% of total employment) | 7.019% (2020) |
| Employment in Services (% of total employment) | 25.187% (2020) |
| Unemployment Rate | 3.16% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $418,772,055 (2020) |
| Exports of goods and services (current US$) | $205,987,687 (2020) |
| Total Merchandise Trade (% of GDP) | 35.9% (2020) |
| FDI, net inflows (BoP, current US$) | $71,658,680 (2019) |
| Commercial Service Exports (current US$) | $40,833,334 (2019) |
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.