Economic Indicators
2019(a) | 2020(a) | 2021(b) | 2022(c) | |
Population (million) | 1.9 | 2.0 | 2.0 | – |
GDP (US$ million) | 1,439.5 | 1,431.8 | 1,593.8 | – |
Real GDP growth rate (%) | 4.5 | -2.4 | 2.5 | 3.4 |
Total exports (US$ million) | 248.8 | 199.8(b) | 228.1 | – |
Total imports (US$ million) | -335.2 | -312.7(b) | -344.4 | – |
Consumer Price Index (%) | 0.2 | 1.5 | 2.2 | 2.7 |
Current account balance (US$ million) | -127.4 | -118.7(b) | -128.2 | |
Exchange rate (Central African Franc CFA: USD) | 586.0 | 575.6 | 551.4 | 571.1 |
Remarks: (a) actual value; (b) estimated value of Economist Intelligence Unit (EIU); (c) estimates of Economist Intelligence Unit (EIU).
Source: Country Report Q4 2021 (Guinea-Bissau) by the British Economist Intelligence Unit
Main export and import goods destinations
Main export destinations (2018) | Proportion in total exports of goods (%) |
India | 44.2 |
China | 29.1 |
Singapore | 17.9 |
Vietnam | 6.1 |
Others | 2.7 |
Main source of import (2018) | Proportion in total imports of goods (%) |
Portugal | 38.3 |
Senegal | 17.1 |
Pakistan | 8.7 |
China | 5.6 |
Others | 30.3 |
Source: International Trade Center (ITC)
Main export and import goods
Major export goods (2018) | Proportion in total exports of goods (%) |
Edible fruit and hard-shelled fruit; citrus fruit or melon skin | 90.5 |
Fish, crustaceans, mollusks or other aquatic invertebrates | 6.0 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 1.1 |
Oil seeds and oleaginous fruits, miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder | 0.8 |
Others | 1.6 |
Major import goods (2018) | Proportion in total imports of goods (%) |
Cereals | 16.3 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 11.0 |
Drinks, wine and vinegar | 6.8 |
Plastics and articles of other materials | 5.8 |
Others | 60.1 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Export of Services (2019) | Proportion in total exports of services (%) |
Tourism | 43.9 |
Telecommunications: Computer & Information Services | 31.2 |
Other business services | 11.1 |
Other | 13.8 |
Main Import of Services (2019) | Proportion in total imports of services (%) |
Tourism | 52.2 |
Transportation | 29.2 |
Telecommunications: Computer & Information Services | 11.0 |
Other | 7.6 |
Remarks:The above content is the estimated data of UNCTAD, WTO and ITC.
Source:International Trade Centre (ITC)
Statistics on the trade between Mainland China and Guinea-Bissau (US$ 10,000)
Year | Total trade | Total exports value* | Total imports value** |
2020 | 5,144.8 | 5,144.3 | 0.5 |
2019 | 4,034.1 | 3,193.9 | 840.2 |
2018 | 3,747.0 | 2,983.2 | 763.9 |
2017 | 3,412.7 | 3,372.4 | 40.2 |
2016 | 2,139.8 | 2,123.6 | 16.1 |
Remarks: * Value of goods exported to Guinea-Bissau from Mainland China; **Value of goods imported from Guinea-Bissau to Mainland China
Source of Data: General Administration of Customs of the People’s Republic of China
Statistics on the trade in goods between Macao and Guinea-Bissau (US$) (1 USD»8 MOP)
Year | Total trade | Total exports value * | Total imports value ** |
2020 | 1,287 | 1,287 | – |
2019 | 2,019 | 2,019 | – |
2018 | — | — | — |
2017 | — | — | — |
2016 | — | — | — |
Remarks: * Value of goods exported to Guinea-Bissau from Macao; **Value of goods imported from Guinea-Bissau to Macao.
Source of Data: Statistics and Census Service (DSEC), Macao SAR Government
Sources:
- Country (region) guide for foreign investment cooperation (Guinea-Bissau) by the Ministry of Commerce of the People’s Republic of China
- “2020 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China
- General Administration of Customs of the People’s Republic of China
- SinoMaps Press
- Statistics and Census Service (DSEC), Macao SAR Government
- International Trade Center (ITC)
- Country Report Q4 2021 (Guinea-Bissau) by the British Economist Intelligence Unit
- 2021 World Investment Report by the UNCTAD
Updated in October 2021.