The Gross Domestic Product (GDP) in Guinea Bissau contracted 1.70 percent in the second quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Guinea Bissau averaged 3.22 percent from 1971 until 2020, reaching an all time high of 22.80 percent in the first quarter of 2013 and a record low of -28.10 percent in the fourth quarter of 1998. This page provides - Guinea Bissau GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.
GDP Annual Growth Rate in Guinea Bissau is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Guinea Bissau to stand at 3.20 in 12 months time. In the long-term, the Guinea Bissau GDP Annual Growth Rate is projected to trend around 3.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.