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 161st out of 204 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% |
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
- 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)
- General government final consumption expenditure (current US$) 8.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1548 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 174.01 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 4.5 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 90.11 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 101,262 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 4.48 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.118 constant 2015 US$ per US$ of GDP (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 161st out of 204 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.
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