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Indicators of economy in Guinea-Bissau

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Guinea-Bissau, on the other hand, reached USD 813 per capita, or 1.64 billion USD in the whole country. Guinea-Bissau is currently at number 188 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Guinea-Bissau is in the list of the world's richest countries in place 168.
Inflation in Guinea-Bissau was in 2019 at around 0.25%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 59.6% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Guinea-Bissau

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Guinea-Bissau in 2020 decreased moderatly from 1.44 billion US Dollar to 1.43 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 0.55% is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 6.0 to 6.7 percent.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Guinea-Bissau
Total
Guinea-Bissau
per capita
EU
Total
EU
per capita
GDP1.64 bn USD812.96 USD17.09 tn USD33,228.68 USD
Gross national product1.57 bn USD781.09 USD16.78 tn USD32,621.03 USD

Development of gross domestic product in million US Dollar 1970 - 2021



Im- and Exports 2020

 Guinea-Bissau
Total
Guinea-Bissau
per capita
EU
Total
EU
per capita
Imports439.39 m USD218.01 USD8,916.24 bn USD17,337.55 USD
Exports232.54 m USD115.38 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in millions of USD 1982 - 2020
Exports
Imports

Guinea-Bissau: AirportsThe Osvaldo Vieira International Airport (OXB) in Guinea-BissauOsvaldo Vieira International Airport - the only public airport in Guinea-Bissau with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
United States: EarthquakeRecent earthquakes and their magnitudes in the United StatesEarthquakes and their intensities in the United States