The Gross Domestic Product (GDP) in Guinea Bissau expanded 5.20 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Guinea Bissau averaged 3.29 percent from 1971 until 2019, 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.

Guinea Bissau GDP Annual Growth Rate
Forecast Data Chart
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Guinea Bissau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.20 4.20 22.80 -28.10 percent [+]
GDP 1.46 1.35 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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 4.20 22.80 -28.10 1971 - 2019 percent Quarterly

Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.05 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
South Korea 2.10 Jun/19
Netherlands 2.00 Jun/19
Australia 1.80 Mar/19
Saudi Arabia 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
France 1.30 Jun/19
Japan 1.20 Jun/19
United Kingdom 1.20 Jun/19
Euro Area 1.10 Jun/19
Russia 0.90 Jun/19
Brazil 0.50 Mar/19
Germany 0.40 Jun/19
Singapore 0.10 Jun/19
Italy 0.00 Jun/19
South Africa 0.00 Mar/19
Mexico -0.70 Jun/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19