Trade in services (% of GDP) in Guinea-Bissau
Guinea-Bissau: Trade in services (% of GDP) was 11.3% in 2024. ▲ Rising
Trade in services 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, trade in services in Guinea-Bissau stood at 11.3%.
The figure is up 0.6% on the previous year and down 21.2% over ten years.
Over the whole period, trade in services in Guinea-Bissau peaked at 15.6% in 2010 and was at its lowest, 4.2%, in 1990.
Guinea-Bissau ranks 157th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Trade in services (% of GDP) in Guinea-Bissau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 4.5% | — |
| 1983 | 4.7% | +4.9% |
| 1984 | 8.1% | +73.3% |
| 1985 | 8.5% | +4.2% |
| 1989 | 6.1% | -27.7% |
| 1990 | 4.2% | -30.4% |
| 1991 | 6.1% | +42.5% |
| 1992 | 6.7% | +9.9% |
| 1993 | 5.0% | -24.5% |
| 1994 | 5.3% | +6.5% |
| 1995 | 5.4% | +0.9% |
| 1996 | 5.2% | -4.5% |
| 1997 | 4.9% | -5.0% |
| 2001 | 8.4% | +72.1% |
| 2002 | 7.3% | -13.5% |
| 2003 | 7.6% | +4.7% |
| 2004 | 8.9% | +17.2% |
| 2005 | 7.3% | -17.9% |
| 2006 | 6.8% | -7.6% |
| 2007 | 13.5% | +99.2% |
| 2008 | 13.5% | +0.3% |
| 2009 | 13.5% | -0.4% |
| 2010 | 15.6% | +15.6% |
| 2011 | 12.5% | -20.0% |
| 2012 | 9.0% | -28.1% |
| 2013 | 11.3% | +25.9% |
| 2014 | 14.4% | +27.4% |
| 2015 | 14.5% | +0.7% |
| 2016 | 14.0% | -3.4% |
| 2017 | 12.9% | -7.7% |
| 2018 | 13.3% | +2.9% |
| 2019 | 13.2% | -1.1% |
| 2020 | 8.8% | -32.8% |
| 2021 | 10.7% | +20.5% |
| 2022 | 11.5% | +8.2% |
| 2023 | 11.3% | -2.2% |
| 2024 | 11.3% | +0.6% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 11.3% is above the median for low income countries, which is 11.3%, 1.0× the median. (23 countries reporting)
- Guinea-Bissau's 11.3% is below the median for Sub-Saharan Africa, which is 12.7%, 89% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% 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 |
|---|---|---|---|
| 2007 | +99.2% | 6.8% | 13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.4% | 4.5% | 8.5% | 5 |
| 1990s | 5.3% | 4.2% | 6.7% | 8 |
| 2000s | 9.7% | 6.8% | 13.5% | 9 |
| 2010s | 13.1% | 9.0% | 15.6% | 10 |
| 2020s | 10.7% | 8.8% | 11.5% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0131 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Guinea-Bissau?
- Trade in services in Guinea-Bissau was 11.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Guinea-Bissau?
- The highest recorded value was 15.6% in 2010.
- What is the lowest trade in services recorded in Guinea-Bissau?
- The lowest recorded value was 4.2% in 1990.
- How does Guinea-Bissau rank for trade in services?
- Guinea-Bissau ranks 157th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Guinea-Bissau?
- Over the last ten years it is down 21.2%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.