Government Budget in Guinea Bissau increased to -4.60 percent of GDP in 2019 from -5.10 percent of GDP in 2018. source: Central Bank of West African States (BCEAO)

Government Budget in Guinea Bissau averaged -3.11 percent of GDP from 2002 until 2019, 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. This page provides - Guinea Bissau Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau Government Budget - values, historical data and charts - was last updated on July of 2022.

Government Budget in Guinea Bissau is expected to reach -5.60 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Government Budget is projected to trend around -5.20 percent of GDP in 2022 and -4.50 percent of GDP in 2023, according to our econometric models.

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Guinea Bissau Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 36.50 27.40 percent of GDP Dec 2019
Government Budget -7.80 -4.60 percent of GDP Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-7.80 -4.60 3.60 -9.50 2002 - 2020 percent of GDP Yearly