Current account balance (credit less debit), Net (credits less) in Guinea-Bissau
Guinea-Bissau: Current account balance (credit less debit), Net (credits less) was -160.17 million in 2023. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Guinea-Bissau, 2005–2023
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Guinea-Bissau is -160.17 million, measured in 2023. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 9.2% on the previous year and down 205.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Guinea-Bissau peaked at 20.94 million in 2015 and was at its lowest, -160.17 million, in 2023.
Guinea-Bissau ranks 101st of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Guinea-Bissau, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -10.48 million | — |
| 2006 | -40.08 million | +282.3% |
| 2007 | -30.65 million | -23.5% |
| 2008 | -28.78 million | -6.1% |
| 2009 | -47.61 million | +65.4% |
| 2010 | -70.79 million | +48.7% |
| 2011 | -14.05 million | -80.2% |
| 2012 | -83.24 million | +492.4% |
| 2013 | -52.51 million | -36.9% |
| 2014 | 6.31 million | -112.0% |
| 2015 | 20.94 million | +231.9% |
| 2016 | 16.97 million | -19.0% |
| 2017 | 3.88 million | -77.1% |
| 2018 | -54.13 million | -1495.6% |
| 2019 | -127.41 million | +135.4% |
| 2020 | -38.68 million | -69.6% |
| 2021 | -14.13 million | -63.5% |
| 2022 | -146.64 million | +938.0% |
| 2023 | -160.17 million | +9.2% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's -160.17 million is above the median for low income countries, which is -1.71 billion, 9% of the median. (20 countries reporting)
- Guinea-Bissau's -160.17 million is above the median for Sub-Saharan Africa, which is -606.36 million, 26% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Guinea-Bissau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | -1495.6% | 3.88 million | -54.13 million |
| 2022 | -938.0% | -14.13 million | -146.64 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -31.52 million | -47.61 million | -10.48 million | 5 |
| 2010s | -35.40 million | -127.41 million | 20.94 million | 10 |
| 2020s | -89.91 million | -160.17 million | -14.13 million | 4 |
Countries ranked near Guinea-Bissau
- 98 Haiti -145.14 million compare
- 99 Saint Vincent and the Grenadines -156.59 million compare
- 100 Dominica -160.12 million compare
- 102 Saint Kitts and Nevis -169.22 million compare
- 103 Seychelles -175.67 million compare
- 104 Antigua and Barbuda -181.37 million compare
More financial sector data for Guinea-Bissau
- Reserve position in the IMF, US dollar, annual growth rate 5.82 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.56 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.767 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.87 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.82 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.56 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.767 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Guinea-Bissau?
- Current account balance (credit less debit), net (credits less debits) in Guinea-Bissau was -160.17 million in 2023, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Guinea-Bissau?
- The highest recorded value was 20.94 million in 2015.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Guinea-Bissau?
- The lowest recorded value was -160.17 million in 2023.
- How does Guinea-Bissau rank for current account balance (credit less debit), net (credits less debits)?
- Guinea-Bissau ranks 101st out of 198 countries with data for 2023.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Guinea-Bissau?
- Over the last ten years it is down 205.0%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.