[ Nominal GDP in billions of USD ]
Year -
$2.22 billions
Guinea-Bissau GDP expanded from 1970 to 2024, increasing from $0.20 billion to $2.22 billion.The compound annual growth rate (CAGR) averaged 4.56% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 44.29%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2.22 Billions | $ 6.87 Int Billions |
| Growth (YoY) | 4.263% | 6.665% |
| Net Change vs Previous Year | $ 0.09 Billion | $ 0.43 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.2 | - | - | - | - | - |
| 1971 | 0.2 | 0 | -0.246 % | - | - | - |
| 1972 | 0.23 | 0.02 | 11.666 % | - | - | - |
| 1973 | 0.23 | 0 | 1.906 % | - | - | - |
| 1974 | 0.26 | 0.02 | 10.519 % | - | - | - |
| 1975 | 0.28 | 0.03 | 10.337 % | - | - | - |
| 1976 | 0.29 | 0.01 | 3.12 % | - | - | - |
| 1977 | 0.3 | 0.01 | 2.3 % | - | - | - |
| 1978 | 0.32 | 0.02 | 6.693 % | - | - | - |
| 1979 | 0.31 | -0.01 | -3.366 % | - | - | - |
| 1980 | 0.29 | -0.02 | -6.651 % | - | - | - |
| 1981 | 0.4 | 0.11 | 39.834 % | - | - | - |
| 1982 | 0.43 | 0.03 | 6.974 % | - | - | - |
| 1983 | 0.43 | -0.01 | -1.176 % | - | - | - |
| 1984 | 0.36 | -0.07 | -15.344 % | - | - | - |
| 1985 | 0.37 | 0.01 | 3.883 % | - | - | - |
| 1986 | 0.34 | -0.04 | -9.476 % | - | - | - |
| 1987 | 0.45 | 0.11 | 33.489 % | - | - | - |
| 1988 | 0.43 | -0.02 | -5.395 % | - | - | - |
| 1989 | 0.55 | 0.13 | 29.603 % | - | - | - |
| 1990 | 0.63 | 0.08 | 14.459 % | 0.8 | - | - |
| 1991 | 0.67 | 0.03 | 5.406 % | 0.87 | 0.07 | 8.654 % |
| 1992 | 0.59 | -0.08 | -11.992 % | 0.9 | 0.03 | 3.404 % |
| 1993 | 0.62 | 0.03 | 4.669 % | 0.94 | 0.04 | 4.52 % |
| 1994 | 0.61 | 0 | -0.532 % | 0.99 | 0.05 | 5.404 % |
| 1995 | 0.66 | 0.05 | 7.787 % | 1.06 | 0.07 | 6.589 % |
| 1996 | 0.7 | 0.04 | 6.478 % | 1.2 | 0.14 | 13.643 % |
| 1997 | 0.7 | 0 | -0.691 % | 1.3 | 0.1 | 8.337 % |
| 1998 | 0.59 | -0.11 | -15.338 % | 1.02 | -0.28 | -21.574 % |
| 1999 | 0.58 | -0.01 | -1.974 % | 1.21 | 0.19 | 18.468 % |
| 2000 | 0.39 | -0.19 | -32.453 % | 1.25 | 0.04 | 3.39 % |
| 2001 | 0.41 | 0.02 | 5.434 % | 1.34 | 0.09 | 7.145 % |
| 2002 | 0.47 | 0.05 | 13.127 % | 1.41 | 0.07 | 5.265 % |
| 2003 | 0.55 | 0.09 | 18.605 % | 1.44 | 0.02 | 1.683 % |
| 2004 | 0.58 | 0.03 | 5.158 % | 1.49 | 0.06 | 3.892 % |
| 2005 | 0.64 | 0.06 | 9.895 % | 1.64 | 0.15 | 9.901 % |
| 2006 | 0.63 | 0 | -0.781 % | 1.74 | 0.1 | 5.833 % |
| 2007 | 0.75 | 0.12 | 18.649 % | 1.83 | 0.09 | 5.338 % |
| 2008 | 0.95 | 0.2 | 26.489 % | 1.95 | 0.12 | 6.538 % |
| 2009 | 0.89 | -0.06 | -6.56 % | 2.01 | 0.06 | 3.08 % |
| 2010 | 0.94 | 0.05 | 5.611 % | 2.15 | 0.14 | 6.889 % |
| 2011 | 1.16 | 0.22 | 23.078 % | 2.37 | 0.22 | 10.315 % |
| 2012 | 1.05 | -0.11 | -9.305 % | 2.32 | -0.05 | -2.183 % |
| 2013 | 1.11 | 0.06 | 5.743 % | 2.4 | 0.09 | 3.722 % |
| 2014 | 1.14 | 0.03 | 2.304 % | 2.53 | 0.13 | 5.569 % |
| 2015 | 1.15 | 0.02 | 1.509 % | 3.09 | 0.56 | 21.916 % |
| 2016 | 1.25 | 0.09 | 8.043 % | 3.34 | 0.25 | 8.141 % |
| 2017 | 1.47 | 0.22 | 18.064 % | 3.91 | 0.57 | 16.925 % |
| 2018 | 1.55 | 0.08 | 5.725 % | 3.96 | 0.05 | 1.23 % |
| 2019 | 1.6 | 0.04 | 2.709 % | 4.42 | 0.47 | 11.787 % |
| 2020 | 1.71 | 0.11 | 6.818 % | 4.71 | 0.29 | 6.526 % |
| 2021 | 1.91 | 0.2 | 11.908 % | 5.19 | 0.48 | 10.261 % |
| 2022 | 1.86 | -0.05 | -2.541 % | 5.87 | 0.68 | 13.054 % |
| 2023 | 2.13 | 0.27 | 14.416 % | 6.44 | 0.57 | 9.636 % |
| 2024 | 2.22 | 0.09 | 4.263 % | 6.87 | 0.43 | 6.665 % |
Between 1970 to 2024, Guinea-Bissau experienced the following economic phases:
The most remarkable growth occurred in 1981 with an increase of 39.834%, while the largest decline was in 2000 at -32.453%.