Current account balance as a proportion of GDP (%) in Guinea-Bissau
Guinea-Bissau: Current account balance as a proportion of GDP (%) was -7.5% in 2023. ◆ Volatile
Current account balance as a proportion of GDP in Guinea-Bissau, 2001–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Guinea-Bissau is -7.5%, measured in 2023.
Compared with earlier readings it is up 4.5% on the previous year and down 59.1% over ten years.
Over the whole period, current account balance as a proportion of gdp in Guinea-Bissau peaked at 2.4% in 2004 and was at its lowest, -8.0%, in 2019.
That places Guinea-Bissau 162nd out of 205 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Guinea-Bissau, year by year
| Year | % | Change |
|---|---|---|
| 2001 | -2.7% | — |
| 2002 | -0.3% | -89.9% |
| 2003 | -0.1% | -80.9% |
| 2004 | 2.4% | -4688.4% |
| 2005 | -1.6% | -168.8% |
| 2006 | -6.3% | +285.3% |
| 2007 | -4.1% | -35.5% |
| 2008 | -3.0% | -25.8% |
| 2009 | -5.3% | +77.0% |
| 2010 | -7.5% | +40.8% |
| 2011 | -1.2% | -83.9% |
| 2012 | -7.9% | +553.2% |
| 2013 | -4.7% | -40.3% |
| 2014 | 0.6% | -111.7% |
| 2015 | 1.8% | +226.9% |
| 2016 | 1.4% | -25.0% |
| 2017 | 0.3% | -80.6% |
| 2018 | -3.5% | -1420.0% |
| 2019 | -8.0% | +129.2% |
| 2020 | -2.3% | -71.6% |
| 2021 | -0.7% | -67.4% |
| 2022 | -7.9% | +965.0% |
| 2023 | -7.5% | -4.5% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's -7.5% is above the median for low income countries, which is -7.7%, 97% of the median. (19 countries reporting)
- Guinea-Bissau's -7.5% is below the median for Sub-Saharan Africa, which is -4.1%, 1.8× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Guinea-Bissau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +4688.4% | -0.1% | 2.4% |
| 2018 | -1420.0% | 0.3% | -3.5% |
| 2022 | -965.0% | -0.7% | -7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.3% | -6.3% | 2.4% | 9 |
| 2010s | -2.9% | -8.0% | 1.8% | 10 |
| 2020s | -4.6% | -7.9% | -0.7% | 4 |
Countries ranked near Guinea-Bissau
More economy & growth data for Guinea-Bissau
- Real gdp growth, annual growth rate 13.04 % change on previous year (2023)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 8.52 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0357 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 40.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate 3.34 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 29.26 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.94 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Guinea-Bissau?
- Current account balance as a proportion of gdp in Guinea-Bissau was -7.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Guinea-Bissau?
- The highest recorded value was 2.4% in 2004.
- What is the lowest current account balance as a proportion of gdp recorded in Guinea-Bissau?
- The lowest recorded value was -8.0% in 2019.
- How does Guinea-Bissau rank for current account balance as a proportion of gdp?
- Guinea-Bissau ranks 162nd out of 205 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Guinea-Bissau?
- Over the last ten years it is down 59.1%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under UN SDG Global Database (open, attribution requested).