Guinea-Bissau's current account balance (% of GDP) was -7.36% in 2024, the latest year in the World Bank's World Development Indicators. That is down 7.91 percentage points from 0.56% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -7.36% | 2024 |
| Five years earlier | -7.98% | 2019 |
| Ten years earlier | 0.56% | 2014 |
| Highest | 2.38% | 2004 |
| Lowest | -20.27% | 1985 |
| Average since 2015 | -3.4% | 2015–2024 |
| First recorded | -18.48% | 1982 |
What the numbers say
In 2024, Guinea-Bissau's current account balance (% of GDP) rose 0.35 percentage points on 2023 (from -7.71% to -7.36%).
Across the 30 yearly changes before that (1990 to 2023), the average change was +0.28 percentage points and a typical year strayed about 4.12 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 7.33 percentage points in 1990 and the biggest yearly fall was 7.16 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 1.05 percentage points a year. A straight line explains 62% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Guinea-Bissau had the 23rd highest value of the 30 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Guinea-Bissau in the 2024 ranking
- Niger — 20th of 30: -6.09%
- Bahamas, The — 21st of 30: -6.65%
- Mauritius — 22nd of 30: -7.03%
- Fiji — 24th of 30: -7.78%
- Mauritania — 25th of 30: -9.55%
- Rwanda — 26th of 30: -11.96%
What this measures
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.
All 40 values
| Year | Current account balance (% of GDP) |
|---|---|
| 2024 | -7.36 |
| 2023 | -7.71 |
| 2022 | -7.9 |
| 2021 | -0.7406 |
| 2020 | -2.27 |
| 2019 | -7.98 |
| 2018 | -3.48 |
| 2017 | 0.2639 |
| 2016 | 1.36 |
| 2015 | 1.82 |
| 2014 |
Current account balance (% of GDP) in nearby economies
- Angola — 0.34% (2025)
- Benin — -8.18% (2023)
- Botswana — 2.93% (2025)
- Burkina Faso — -3.97% (2024)
- Burundi — -13.71% (2025)
- Cabo Verde — 3.56% (2025)
- Cameroon — -3.28% (2024)
- Comoros — -1.68% (2023)
- Congo, Dem. Rep. — -4.33% (2025)
- Congo, Rep. — 11.57% (2021)
- Côte d'Ivoire
More economic policy & debt data for Guinea-Bissau
- Net bilateral aid flows from DAC donors, Total (current US$) — US$61.31 million (2023)
- Net official development assistance and official aid received (current US$) — US$188.91 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$188.91 million (2023)
- Net official development assistance received (current US$) — US$188.91 million (2023)
- Net official development assistance received (constant 2023 US$) — US$188.91 million (2023)
- Net ODA received per capita (current US$) — US$87.73 (2023)
- General government final consumption expenditure (current US$) — US$391.44 million (2025)
- General government final consumption expenditure (current LCU)
Reading data like this
Questions people ask
- What is Guinea-Bissau's current account balance (% of GDP)?
- -7.36% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1982?
- It is up 11.12 percentage points from -18.48% in 1982. The highest value was 2.38% in 2004 and the lowest -20.27% in 1985.
- How does Guinea-Bissau rank?
- 23rd highest of 30 economies with data for 2024.
- Is the latest change in current account balance (% of GDP) unusual for Guinea-Bissau?
- In 2024, Guinea-Bissau's current account balance (% of GDP) rose 0.35 percentage points on 2023 (from -7.71% to -7.36%). Across the 30 yearly changes before that (1990 to 2023), the average change was +0.28 percentage points and a typical year strayed about 4.12 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.CAB.XOKA.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in