Guinea-Bissau: Economic globalization

The latest value from 2022 is 37.09 points, an increase from 37 points in 2021. In comparison, the world average is 59.16 points, based on data from 184 countries. Historically, the average for Guinea-Bissau from 1974 to 2022 is 34.05 points. The minimum value, 27.86 points, was reached in 2002 while the maximum of 42.31 points was recorded in 1994. See the global rankings for that indicator or use the country comparator to compare trends over time.

The KOF Economic Globalization Index for Guinea-Bissau and other countries has two dimensions. First, it measures the economic flows between Guinea-Bissau and the rest of the world in terms of international trade and international investment. The question is whether Guinea-Bissau exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.

Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.