Government Budget in Guinea Bissau increased to -4.60 percent of GDP in 2019 from -5.10 percent of GDP in 2018. source: Central Bank of West African States (BCEAO)

Government Budget in Guinea Bissau averaged -3.11 percent of GDP from 2002 until 2019, 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 April of 2021.

Government Budget in Guinea Bissau is expected to reach -4.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Government Budget is projected to trend around -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
-4.60 -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 -4.60 -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.