Guinea-Bissau: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Guinea-Bissau

Trade balance as percent of GDP

 Latest value -14.86
 Year 2020
 Measure percent
 Data availability 1970 - 2020
 Average -20.94
 Min - Max -47.95 - -4.70
 Source The World Bank
For that indicator, we provide data for Guinea-Bissau from 1970 to 2020. The average value for Guinea-Bissau during that period was -20.94 percent with a minimum of -47.95 percent in 1985 and a maximum of -4.7 percent in 2015. The latest value from 2020 is -14.86 percent. For comparison, the world average in 2020 based on 163 countries is -4.88 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Guinea-Bissau - Trade balance, percent of GDP - Recent values chart

Historical chart
Guinea-Bissau - Trade balance, percent of GDP - historical chart - 1970-2020




The trade balance for Guinea-Bissau and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

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 Related indicators Latest value Reference Measure
 Terms of trade 103.90 2021 percent
 Trade openness 53.96 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 14.39 2020 percent
 Exports, billion dollars 0.35 2023 billion U.S. dollars
 Growth of exports -14.63 2020 percent
 Imports, percent of GDP 29.25 2020 percent
 Imports, billion dollars 0.56 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.34 2022 percent
 Foreign Direct Investment, billion dollars 0.02 2022 billion U.S. dollars
 Portfolio investment inflows, equities -0.23 2019 million dollars (current)
 Current account, percent of GDP -8.60 2023 percent
 Current account, in dollars -0.15 2022 billion U.S. dollars
 Trade balance, percent of GDP -14.86 2020 percent
 Trade balance, in dollars -0.30 2022 billion U.S. dollars
 Remittances, percent of GDP 10.90 2022 percent
 Remittances 178.00 2022 million U.S. dollars
 Net errors and omissions -12.58 2022 million USD
 External debt 61.68 2022 percent
 Short-term external debt 0.14 2022 percent
 Foreign exchange reserves 57.90 9/2022 billion
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