Guinea Bissau recorded a Current Account deficit of 10 percent of the country's Gross Domestic Product in 2019. source: Central Bank of West African States (BCEAO)

Current Account to GDP in Guinea Bissau averaged -16.37 percent from 1982 until 2019, reaching an all time high of 2.65 percent in 2004 and a record low of -52.69 percent in 1985. This page provides - Guinea Bissau Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau Current Account to GDP - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in Guinea Bissau is expected to reach -8.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Current Account to GDP is projected to trend around -6.50 percent in 2021 and -5.00 percent in 2022, according to our econometric models.

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Guinea Bissau Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-10.00 -3.20 2.65 -52.69 1982 - 2019 percent Yearly

Guinea Bissau Trade Last Previous Highest Lowest Unit
Balance of Trade -53.30 30.70 30.70 -53.30 CFA Franc Million [+]
Current Account -56.80 -25.00 12.40 -56.80 CFA Franc Billion [+]
Current Account to GDP -10.00 -3.20 2.65 -52.69 percent [+]
Exports 130.40 188.60 197.50 1.70 CFA Franc Million [+]
Imports 183.80 157.90 183.80 12.40 CFA Franc Million [+]
Terrorism Index 0.00 0.00 3.36 0.00 [+]


Guinea Bissau Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.