Expense in Guinea-Bissau
Guinea-Bissau: Expense was 15.5% in 2023. ▲ Rising
Expense in Guinea-Bissau, 2017–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, expense in Guinea-Bissau stood at 15.5%. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 7.8% on the previous year and up 18.0% over ten years.
That places Guinea-Bissau 133rd out of 157 countries with data for 2023, putting it in the bottom quarter.
Expense in Guinea-Bissau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 13.2% | — |
| 2018 | 12.8% | -2.7% |
| 2019 | 13.2% | +3.1% |
| 2020 | 15.1% | +14.3% |
| 2021 | 14.2% | -5.7% |
| 2022 | 14.4% | +1.3% |
| 2023 | 15.5% | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.1% | 12.8% | 13.2% | 3 |
| 2020s | 14.8% | 14.2% | 15.5% | 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)
- Services, value added (constant LCU), per capita 218,265 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 4.32 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 14.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9544 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,073 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 10.01 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 555.41 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 624,155 current LCU per person (2025)
Frequently asked questions
- What is expense in Guinea-Bissau?
- Expense in Guinea-Bissau was 15.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Guinea-Bissau?
- The highest recorded value was 15.5% in 2023.
- What is the lowest expense recorded in Guinea-Bissau?
- The lowest recorded value was 12.8% in 2018.
- How does Guinea-Bissau rank for expense?
- Guinea-Bissau ranks 133rd out of 157 countries with data for 2023.
- Is expense rising or falling in Guinea-Bissau?
- Over the last ten years it is up 18.0%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.