Current account balance as a share of GDP in Guinea-Bissau
Guinea-Bissau: Current account balance as a share of GDP was -7.5% in 2023. ◆ Volatile
Current account balance as a share of GDP in Guinea-Bissau, 2001–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2023, current account balance as a share of gdp in Guinea-Bissau stood at -7.5%.
Compared with earlier readings it is up 4.6% on the previous year and down 59.2% over ten years.
Over the whole period, current account balance as a share of gdp in Guinea-Bissau peaked at 2.4% in 2004 and was at its lowest, -8.0%, in 2019.
That places Guinea-Bissau 155th out of 193 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 share of GDP in Guinea-Bissau, year by year
| Year | % | Change |
|---|---|---|
| 2001 | -2.7% | — |
| 2002 | -0.3% | -90.0% |
| 2003 | -0.1% | -81.5% |
| 2004 | 2.4% | -4860.0% |
| 2005 | -1.6% | -168.9% |
| 2006 | -6.3% | +284.8% |
| 2007 | -4.1% | -35.5% |
| 2008 | -3.0% | -25.8% |
| 2009 | -5.3% | +77.2% |
| 2010 | -7.5% | +40.7% |
| 2011 | -1.2% | -83.9% |
| 2012 | -7.9% | +555.4% |
| 2013 | -4.7% | -40.4% |
| 2014 | 0.6% | -111.8% |
| 2015 | 1.8% | +225.0% |
| 2016 | 1.4% | -25.3% |
| 2017 | 0.3% | -80.9% |
| 2018 | -3.5% | -1438.5% |
| 2019 | -8.0% | +129.3% |
| 2020 | -2.3% | -71.6% |
| 2021 | -0.7% | -67.4% |
| 2022 | -7.9% | +966.2% |
| 2023 | -7.5% | -4.6% |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.086 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 96.64 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 50.04 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 56,236 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0766 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 86.08 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 50,889 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 13.22 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Guinea-Bissau?
- Current account balance as a share of gdp in Guinea-Bissau was -7.5% in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Guinea-Bissau?
- The highest recorded value was 2.4% in 2004.
- What is the lowest current account balance as a share 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 share of gdp?
- Guinea-Bissau ranks 155th out of 193 countries with data for 2023.
- Is current account balance as a share of gdp rising or falling in Guinea-Bissau?
- Over the last ten years it is down 59.2%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).