Main Economic Indicators of recent three years
| 2021 | 2022 | 2023 |
Population (million) | 1.86 | 1.90 | 1.94 |
GDP (US$ billion) | 1.73 | 1.72 | 1.97 |
Real GDP Growth Rate (%) | 6.4 | 4.2 | 4.2 |
Total Export of Goods (US$ million) | 300 | 245 | 233 |
Total Import of Goods (US$ million) | 412 | 471 | 588 |
Total Export of Services (US$ million) | 35* | 33* | – |
Total Import of Services (US$ million) | 168* | 157* | – |
Inflation measured by the Consumer Price Index (Annual Inflation rate%) | 3.3 | 7.9 | 7.2 |
Current Account Balance (US$ million) | -0.014 | -0.164 | -0.185 |
Source: “*” Data from World Trade Organization (WTO) and the other from International Monetary Fund (IMF)
Main export and import goods destinations
Main export destinations (2021) | Proportion in total value of exports goods (%) |
China | 24.1 |
India | 17.1 |
Spain | 16.0 |
Korea | 7.3 |
Others | 35.5 |
Main import origins (2021) | Proportion in total value of imports goods (%) |
Spain | 24.7 |
China | 15.9 |
United States | 6.6 |
United Kingdom | 5.6 |
Others | 47.2 |
Source: International Monetary Fund (IMF)
Major import and export goods
Major export goods (2021) | Proportion in total value of exports goods (%) |
Fossil fuels, mineral oil and its distilled products; bituminous substances; mineral wax | 89.9 |
Organic chemicals | 7.5 |
Wood and articles of wood; wood charcoal | 2.0 |
Others | 0.6 |
Major import goods (2021) | Proportion in total value of imports goods (%) |
Vessels and other floating structures for breaking up | 23.6 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 11.2 |
Beverages, spirits and vinegar | 7.0 |
Meat and edible meat offal | 5.9 |
Others | 52.3 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Exports of Services (2021) | Proportion of Total Value Exports of Services (%) |
Transport | 6.6 |
Government goods and services n.i.e. | 6.2 |
Telecommunication, computer and information services | 1.2 |
Other | 86.0 |
Main Import of Services (2021) | Proportion of Total Value Imports of Services (%) |
Transport | 52.6 |
Construction | 11.2 |
Insurance and pension services | 10.6 |
Other | 25.6 |
Remarks：The above content is based on estimated value of UNCTAD, WTO and ITC.
Source：International Trade Centre (ITC)
Statistics on the Trade of Goods between Mainland China and Guinea-Bissau (US$ thousands)
Year | Total Trade | Total Exports Value | Total Imports Value |
2023 | 62,704 | 62,703 | 2 |
2022 | 56,518 | 56,516 | 3 |
2021 | 88,896 | 88,894 | 1 |
Remarks: “Exports “ refers of goods exported to Guinea-Bissau from Mainland China; “Imports” refers 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 of Goods between the Macao SAR and Guinea-Bissau of recent three years (US$) (USD 1 ≈ MOP 8)
Year | Total Trade | Total Exports Value | Total Imports Value |
2023 | 7,251.4 | 0 | 7,251.4 |
2022 | 4,466.6 | 0 | 4,466.6 |
2021 | 33,680.1 | 0 | 33,680.1 |
Remarks: “Exports” refers of goods exported to Guinea-Bissau from Macao; “Imports” refers 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
- “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
- General Administration of Customs of the People’s Republic of China
- SinoMaps Press
- Statistics and Census Service (DSEC), Macao SAR Government
- International Monetary Fund (IMF)
- World Trade Organizaation (WTO)
- International Trade Center (ITC)
- “2023 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
Updated in June 2024.
