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
For that indicator, we provide data for Guinea-Bissau from 1991 to 2023. The average value for Guinea-Bissau during that period was -3.48 percent with a minimum of -9.8 percent in 2020 and a maximum of 5.89 percent in 1996. The latest value from 2023 is -7.3 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
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.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 16.51 2020 percent
 Government spending, in dollars 0.37 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -7.30 2023 percent
 Government debt 80.36 2022 percent
 Tax revenue 9.46 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 166.12 2021 million U.S. dollars
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