Statistical data (Guinea-Bissau)

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.