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) $3,742,355,133 (2018)
GDP Growth Rate (annual %) 3.8% (2018)
GDP Per Capita, PPP (current international) $1,997 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 172/196 (2018)

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 %) 0.247% (2019)
External debt stocks, total (DOD, current US$) $420,706,741 (2018)
Total tax rate (% of commercial profits) 45.5% (2019)
Real Interest Rate (5 year average %) -0.754% (2017)
Manufacturing, value added (% of GDP) 10.453% (2018)
Current Account Balance (BoP, current US$) ($54,107,891) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 799,520 (2019)
Employment in Agriculture (% of total employment) 68.138% (2019)
Employment in Industry (% of total employment) 7.003% (2019)
Employment in Services (% of total employment) 24.859% (2019)
Unemployment Rate 2.466% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $473,248,832 (2018)
Exports of goods and services (current US$) $369,432,111 (2018)
Total Merchandise Trade (% of GDP) 44.577% (2018)
FDI, net inflows (BoP, current US$) $20,553,776 (2018)
Commercial Service Exports (current US$) $37,616,986 (2018)
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