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Guinea-Bissau Net Trade (Goods & Services, BoP)

Guinea-Bissau's net trade (goods & services, bop) rose to $-307.6 million in 2023, up from $-297.83 million in 2022, according to World Bank. This represents an increase of 3.3% ($9.76 million) from the previous year. Guinea-Bissau has net trade (goods & services, bop) lower than the global median (-$307.60 million vs median -$215.12 million). Compared with the median in Africa, Guinea-Bissau is higher (-$307.60 million vs regional median -$1.08 billion) and ranks 14th out of 48 countries in Africa.

Yearly Historical Data (1982-2023)

(in Million USD)
Year Net Trade (Goods & Services, BoP) (Million USD)
2023 -307.6
2022 -297.83
2021 -183.26
2020 -206.85
2019 -210.4
2018 -78.7
2017 -71.55
2016 -56.49
2015 -49.27
2014 -117.76
2013 -79.12
2012 -101.23
2011 -57.27
2010 -128.54
2009 -134.44
2008 -112.07
2007 -95.71
2006 -89.06
2005 -52.88
2004 -43.73
2003 -30.5
2002 -25.1
2001 -24.63
1997 -31.78
1996 -57.48
1995 -59.66
1994 -42.09
1993 -49.24
1992 -93.04
1991 -61.38
1990 -62.07
1989 -75.65
1988 -60.1
1987 -44.6
1986 -55.9
1985 -66.5
1984 -55.9
1983 -56.3
1982 -57.7
Guinea-Bissau Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Guinea-Bissau, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $244.8M $189.27M 2018
Annual Imports $165.74M $176.91M 2018
Exports (% GDP) 12.48% 13.68% 2024
FDI Inflows (% GDP) 1.21% 1.18% 2023
Imports (% GDP) 28.19% 27.93% 2024
Tariff Rate 13.55% 13.23% 2022
Trade (% GDP) 40.66% 41.61% 2024