Guinea Bissau recorded a Government Budget deficit equal to 2 percent of the country's Gross Domestic Product in 2017. Government Budget in Guinea Bissau averaged -2.86 percent of GDP from 2002 until 2017, reaching an all time high of 3.60 percent of GDP in 2009 and a record low of -9.50 percent of GDP in 2006.

Government Budget in Guinea Bissau is expected to be -2.53 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Government Budget is projected to trend around -2.60 percent of GDP in 2020, according to our econometric models.

Guinea Bissau Government Budget
Forecast Data Chart
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Guinea Bissau Government Last Previous Highest Lowest Unit
Government Debt to GDP 28.10 26.90 209.50 18.10 percent [+]
Government Budget -2.00 -4.00 3.60 -9.50 percent of GDP [+]
Credit Rating 15.00 [+]
Military Expenditure 17.28 18.46 21.67 2.89 USD Million [+]

Guinea Bissau Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Guinea Bissau Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau Government Budget - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -4.00 3.60 -9.50 2002 - 2017 percent of GDP Yearly

Country Last Previous
Argentina -3.90 Dec/17
Australia -1.90 Dec/17
Brazil -7.80 Dec/17
Canada -0.90 Dec/17
China -3.50 Dec/17
Euro Area -0.90 Dec/17
France -2.60 Dec/17
Germany 1.30 Dec/17
India -3.53 Dec/17
Indonesia -2.50 Dec/17
Italy -2.30 Dec/17
Japan -4.50 Dec/17
Mexico -2.90 Dec/17
Netherlands 1.10 Dec/17
Russia -1.50 Dec/17
Saudi Arabia -8.90 Dec/17
Singapore 0.30 Dec/17
South Africa -4.60 Dec/17
South Korea -2.00 Dec/17
Spain -3.10 Dec/17
Switzerland 1.20 Dec/17
Turkey -1.50 Dec/17
United Kingdom -2.30 Dec/17
United States -3.50 Dec/17