Guinea-Bissau: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Guinea-Bissau

Fiscal balance, percent of GDP

 Latest value -7.30
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average -3.48
 Min - Max -9.80 - 5.89
 Source African Development Bank
The latest value from 2023 is -7.3 percent, a decline from -6.5 percent in 2022. In comparison, the world average is -2.78 percent, based on data from 138 countries. Historically, the average for Guinea-Bissau from 1991 to 2023 is -3.48 percent. The minimum value, -9.8 percent, was reached in 2020 while the maximum of 5.89 percent was recorded in 1996. 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 data
Guinea-Bissau - Fiscal balance, percent of GDP - Recent values chart

Historical series
Guinea-Bissau - Fiscal balance, percent of GDP - historical chart - 1991-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 18.99 2023 percent
 Government spending, in dollars 0.37 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -7.30 2023 percent
 Government debt 80.84 2022 percent
 Tax revenue 9.16 2019 percent
 Commercial tax rate 45.50 2019 percent
 Tax preparation time 218 2019 hours
 Number of taxes 46 2019 taxes
 Taxes on goods and services 23.41 2019 percent
 Taxes on international trade 18.22 2019 percent
 Income and profits taxes 18.49 2019 percent
 Foreign aid 148.64 2022 million U.S. dollars
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