Economic Indicators
2020(a) | 2021(a) | 2022(b) | 2023(b) | |
Population (million) | 1.8 | 1.9 | 1.9 | 1.9 |
GDP (US$ million) | 1,523 | 1,703 | 1,624 | 1,692 |
Real GDP Growth Rate (%) | 1.5 | 5.0 | 3.8 | 4.5 |
Total Export of Goods (US$ million) | 182.6 | 205.3 | 205.9 | 221.2 |
Total Import of Goods (US$ million) | 282.0 | 329.5 | 298.2 | 309.8 |
Total Export of Services (US$ million) | 18.7 | 35.0 | – | – |
Total Import of Services (US$ million) | 132.1 | 168.3 | – | – |
Consumer Price Index (%) | 1.5 | 3.3 | 5.5 | 4.0 |
Current Account Balance (US$ million) | -41 | -54 | -105 | -80 |
Exchange Rate (Central African Franc CFA: USD, Period Average) | 575.6 | 554.5 | 623.8 | 662.6 |
Remarks: (a) actual value; (b) estimated value of International Monetary Fund (IMF)
Source: International Monetary Fund (IMF)
Main export and import goods destinations
Main Export Destinations (2021) | Proportion of Total Value of Exports of Goods (%) |
India | 59.6 |
Korea | 11.0 |
Singapore | 1.0 |
Cape Verde | 0.4 |
Others | 28.0 |
Main Import Origins (2021) | Proportion of Total Value of Imports of Goods (%) |
Portugal | 38.0 |
Senegal | 22.7 |
China | 11.0 |
The Netherlands | 6.2 |
Others | 22.1 |
Source: International Monetary Fund (IMF)
Main export and import goods
Major export goods (2021) | Proportion in total exports of goods (%) |
Edible fruit and hard-shelled fruit; citrus fruit or melon skin | 80.7 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 12.2 |
Fish, crustaceans, mollusks or other aquatic invertebrates | 3.3 |
Vessels and other floating structures for breaking up | 1.7 |
Others | 2.1 |
Major import goods (2021) | Proportion in total imports of goods (%) |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 13.2 |
Cereals | 8.7 |
Vessels and other floating structures for breaking up | 8.1 |
Drinks, wine and vinegar | 8.0 |
Others | 62.0 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Export of Services (2021) | Proportion of Total Value Exports of Services (%) |
Telecommunications, computer and information services | 38.1 |
Tourism | 28.6 |
Financial services | 14.3 |
Other | 19.0 |
Main Import of Services (2021) | Proportion of Total Value Imports of Services (%) |
Transport | 37.8 |
Telecommunications, computer and information Services | 16.9 |
Insurance and pension services | 3.4 |
Other | 41.9 |
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$ ten thousands)
Year | Total trade | Total exports value* | Total imports value** |
2022 | 5,651.8 | 5,651.6 | 0.3 |
2021 | 8,892.2 | 8,892.1 | 0.1 |
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 |
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 ** |
2022 | 4,466.6 | – | 4,466.6 |
2021 | 33,680.1 | – | 33,680.1 |
2020 | 1,287 | 1,287 | – |
2019 | 2,019 | 2,019 | – |
2018 | – | – | – |
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
- “2021 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)
- International Trade Center (ITC)
- “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
- “Country Economic Forecast – Guinea-Bissau (Nov 2022)” by Oxford Economics
Updated in June 2023.
