Net trade in goods and services in Guinea-Bissau
Guinea-Bissau: Net trade in goods and services was -331.52 million BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Guinea-Bissau, 1982–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Guinea-Bissau stood at -331.52 million BoP, current US$. That is the lowest value across all 40 years on record.
That represents a change of down 7.8% on the previous year and down 181.5% over ten years.
Over the whole period, net trade in goods and services in Guinea-Bissau peaked at -24.63 million BoP, current US$ in 2001 and was at its lowest, -331.52 million BoP, current US$, in 2024.
That places Guinea-Bissau 105th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -59.08 million BoP, current US$ | -75.65 million BoP, current US$ | -44.60 million BoP, current US$ | 8 |
| 1990s | -57.09 million BoP, current US$ | -93.04 million BoP, current US$ | -31.78 million BoP, current US$ | 8 |
| 2000s | -67.57 million BoP, current US$ | -134.44 million BoP, current US$ | -24.63 million BoP, current US$ | 9 |
| 2010s | -95.03 million BoP, current US$ | -210.40 million BoP, current US$ | -49.27 million BoP, current US$ | 10 |
| 2020s | -265.41 million BoP, current US$ | -331.52 million BoP, current US$ | -183.26 million BoP, current US$ | 5 |
Countries ranked near Guinea-Bissau
- 102 Tonga -288.45 million BoP, current US$ compare
- 103 Equatorial Guinea -296.43 million BoP, current US$ compare
- 104 Bahamas -297.87 million BoP, current US$ compare
- 106 Cape Verde -353.60 million BoP, current US$ compare
- 107 Kiribati -354.75 million BoP, current US$ compare
- 108 Comoros -355.58 million BoP, current US$ compare
More economy & growth data for Guinea-Bissau
- Industry (including construction), value added 398.00 million current US$ (2025)
- Final consumption expenditure 6.4% (2025)
- Industry (including construction), value added 293.99 million constant 2015 US$ (2025)
- Final consumption expenditure 87.3% (2025)
- Industry (including construction), value added 231.61 billion current LCU (2025)
- Gross national expenditure 2.86 billion current US$ (2025)
- Gross national expenditure 1.66 trillion current LCU (2025)
- Gross national expenditure 2.06 billion constant 2015 US$ (2025)
- Exports of goods and services 25.0% (2025)
- Exports of goods and services 301.45 million constant 2015 US$ (2025)
Frequently asked questions
- What is net trade in goods and services in Guinea-Bissau?
- Net trade in goods and services in Guinea-Bissau was -331.52 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Guinea-Bissau?
- The highest recorded value was -24.63 million BoP, current US$ in 2001.
- What is the lowest net trade in goods and services recorded in Guinea-Bissau?
- The lowest recorded value was -331.52 million BoP, current US$ in 2024.
- How does Guinea-Bissau rank for net trade in goods and services?
- Guinea-Bissau ranks 105th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Guinea-Bissau?
- Over the last ten years it is down 181.5%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.