Guinea Bissau recorded a Current Account deficit of 7.10 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Guinea Bissau averaged -14.94 percent of GDP from 1982 until 2024, reaching an all time high of 2.65 percent of GDP in 2004 and a record low of -52.69 percent of GDP in 1985. source: Central Bank of West African States (BCEAO)

Current Account to GDP in Guinea Bissau is expected to reach -5.00 percent of GDP by the end of 2025, 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 -3.90 percent of GDP in 2026 and -4.10 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -101.80 -98.80 XOF Million Dec 2024
Current Account -84.70 -97.20 XOF Billion Dec 2024
Current Account to GDP -5.80 -7.70 percent of GDP Dec 2024
Exports 149.20 145.40 XOF Million Dec 2024
Imports 251.00 244.20 XOF Million Dec 2024



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.
Actual Previous Highest Lowest Dates Unit Frequency
-5.80 -7.70 2.65 -52.69 1982 - 2024 percent of GDP Yearly