Current account balance in Guinea-Bissau
Guinea-Bissau: Current account balance was -7.4% in 2024. ◆ Volatile
Current account balance in Guinea-Bissau, 1982–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, current account balance in Guinea-Bissau stood at -7.4%.
Compared with earlier readings it is up 4.6% on the previous year and down 1,423.9% over ten years.
Over the whole period, current account balance in Guinea-Bissau peaked at 2.4% in 2004 and was at its lowest, -20.3%, in 1985.
That places Guinea-Bissau 158th out of 200 countries with data for 2024, 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 in Guinea-Bissau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | -18.5% | — |
| 1983 | -16.9% | -8.4% |
| 1984 | -18.2% | +7.5% |
| 1985 | -20.3% | +11.4% |
| 1986 | -14.7% | -27.3% |
| 1987 | -10.0% | -32.3% |
| 1988 | -13.1% | +30.8% |
| 1989 | -14.5% | +10.9% |
| 1990 | -7.1% | -50.7% |
| 1991 | -11.3% | +57.9% |
| 1992 | -16.5% | +46.2% |
| 1993 | -10.1% | -38.9% |
| 1994 | -7.5% | -25.5% |
| 1995 | -5.3% | -29.0% |
| 1996 | -6.3% | +18.7% |
| 1997 | -0.9% | -85.6% |
| 2001 | -2.7% | +195.2% |
| 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% | +966.7% |
| 2023 | -7.7% | -2.4% |
| 2024 | -7.4% | -4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -15.8% | -20.3% | -10.0% | 8 |
| 1990s | -8.1% | -16.5% | -0.9% | 8 |
| 2000s | -2.3% | -6.3% | 2.4% | 9 |
| 2010s | -2.9% | -8.0% | 1.8% | 10 |
| 2020s | -5.2% | -7.9% | -0.7% | 5 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 768.68 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.19 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.13 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 1,272 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 8.63 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 658.43 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 739,922 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 4.12 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Guinea-Bissau?
- Current account balance in Guinea-Bissau was -7.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Guinea-Bissau?
- The highest recorded value was 2.4% in 2004.
- What is the lowest current account balance recorded in Guinea-Bissau?
- The lowest recorded value was -20.3% in 1985.
- How does Guinea-Bissau rank for current account balance?
- Guinea-Bissau ranks 158th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Guinea-Bissau?
- Over the last ten years it is down 1,423.9%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.