Guinea-Bissau: Exports, percent of GDP

* indicates monthly or quarterly data series
 Guinea-Bissau

Exports of goods and services as percent of GDP

 Latest value 14.39
 Year 2020
 Measure percent
 Data availability 1970 - 2020
 Average 13.96
 Min - Max 4 - 27.77
 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 13.96 percent with a minimum of 4 percent in 1970 and a maximum of 27.77 percent in 2017. The latest value from 2020 is 14.39 percent. For comparison, the world average in 2020 based on 167 countries is 39.38 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 - Exports, percent of GDP - recent values

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




The exports of Guinea-Bissau and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 103.90 2021 percent
 Trade openness 43.64 2020 percent
 Exports, percent of GDP 14.39 2020 percent
 Exports, billion dollars 0.21 2020 billion U.S. dollars
 Growth of exports -14.63 2020 percent
 Imports, percent of GDP 29.25 2020 percent
 Imports, billion dollars 0.42 2020 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 -5.80 2022 percent
 Current account, in dollars -0.01 2021 billion U.S. dollars
 Trade balance, percent of GDP -14.86 2020 percent
 Trade balance, in dollars -0.18 2021 billion U.S. dollars
 Remittances, percent of GDP 10.90 2022 percent
 Remittances 164.09 2021 million U.S. dollars
 Net errors and omissions 11.34 2021 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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