Guinea Bissau recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2018.

Government Budget in Guinea Bissau averaged -2.84 percent of GDP from 2002 until 2018, reaching an all time high of 3.60 percent of GDP in 2009 and a record low of -9.50 percent of GDP in 2006. This page provides - Guinea Bissau Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Guinea Bissau is expected to reach -4.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Government Budget is projected to trend around -4.50 percent of GDP in 2021 and -3.00 percent of GDP in 2022, according to our econometric models.

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Guinea Bissau Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.00 -5.10 3.60 -9.50 2002 - 2019 percent of GDP Yearly

Guinea Bissau Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.50 27.40 209.50 18.10 percent [+]
Government Budget -5.00 -5.10 3.60 -9.50 percent of GDP [+]
Credit Rating 15.00 [+]


Guinea Bissau Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.