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.

Government Budget in Guinea Bissau is expected to be -2.70 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Government Budget is projected to trend around -2.60 percent of GDP in 2020, according to our econometric models.


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Guinea Bissau Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -2.00 3.60 -9.50 2002 - 2018 percent of GDP Yearly

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.

Guinea Bissau Government Last Previous Highest Lowest Unit
Government Debt to GDP 28.10 26.90 209.50 18.10 percent [+]
Government Budget -2.50 -2.00 3.60 -9.50 percent of GDP [+]
Credit Rating 15.00 [+]