The Gross Domestic Product (GDP) in Guinea Bissau expanded 1.90 percent in the first quarter of 2020 over the same quarter of the previous year.

GDP Annual Growth Rate in Guinea Bissau averaged 3.31 percent from 1971 until 2020, reaching an all time high of 22.80 percent in the first quarter of 2013 and a record low of -28.10 percent in the fourth quarter of 1998. This page provides - Guinea Bissau GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.

GDP Annual Growth Rate in Guinea Bissau is expected to be -1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Guinea Bissau to stand at 2.80 in 12 months time. In the long-term, the Guinea Bissau GDP Annual Growth Rate is projected to trend around 3.40 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Guinea Bissau GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 4.80 22.80 -28.10 1971 - 2020 percent Quarterly

Guinea Bissau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.90 4.80 22.80 -28.10 percent [+]
GDP 1.34 1.46 1.46 0.08 USD Billion [+]
GDP per capita 622.10 614.40 761.60 464.20 USD [+]
GDP per capita PPP 1596.40 1576.70 1954.30 1344.00 USD [+]


Guinea Bissau GDP Annual Growth Rate
Guinea Bissau is one of the poorest countries in the world. The export of cashew nuts, which account for over 90 percent of total exports, is the backbone of the country’s economy. The major obstacle to the country’s growth is the unstable social environment caused by successive military coups and the traffic of narcotics. After the death of the president in January of 2012, the military seized power and suspended democracy. As a result, the Economic Community of Central Africa threatened sanctions that can hamper the country’s future.