Guinea-Bissau GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$1,007.74

Source: world bank Nominal/PPP
Summary:

Guinea-Bissau GDP Per Capita expanded from 1970 to 2024, increasing from $350.22 to $1,007.74 .The compound annual growth rate (CAGR) averaged 1.98% over the period. The economy recorded its peak level in 2024 and its lowest level in 2000. Growth volatility remained high. The maximum drawdown reached 52.84%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.

Latest GDP Per Capita of Guinea-Bissau 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 1,007.74 dollars$ 3,119.37 Int dollars
Growth (YoY)1.989%4.338%
Net Change vs Previous Year$ 19.65 dollars$ 129.70 Int dollars
% of World GDP Per Capita0.91%1.56%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Guinea-Bissau GDP | Guinea-Bissau GDP Growth

Guinea-Bissau Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960------
1961------
1962------
1963------
1964------
1965------
1966------
1967------
1968------
1969------
1970350.22-----
1971348.28-1.94-0.555 %---
1972388.6440.3711.59 %---
1973391.923.270.842 %---
1974418.6426.736.819 %---
1975435.2216.573.959 %---
1976420.85-14.36-3.301 %---
1977402.91-17.95-4.264 %---
1978402.78-0.13-0.032 %---
1979375.85-26.93-6.687 %---
1980346.86-28.99-7.713 %---
1981477.46130.6137.655 %---
1982502.7325.275.292 %---
1983488.99-13.74-2.733 %---
1984407.44-81.55-16.678 %---
1985416.589.142.242 %---
1986371.14-45.44-10.908 %---
1987487.55116.4131.367 %---
1988453.81-33.74-6.921 %---
1989578.49124.6827.475 %---
1990651.3472.8512.593 %824.1--
1991672.0720.743.184 %876.5452.446.364 %
1992574.32-97.75-14.545 %880.093.540.404 %
1993581.617.291.27 %889.999.91.125 %
1994560.88-20.73-3.564 %909.4919.52.191 %
1995589.4928.65.1 %945.2535.763.932 %
1996614.7325.244.282 %1052.05106.8111.299 %
1997598.95-15.78-2.566 %1118.2366.186.291 %
1998497.72-101.23-16.901 %860.79-257.44-23.022 %
1999478.73-18.99-3.816 %1000.61139.8216.243 %
2000316.95-161.79-33.795 %1013.9713.371.336 %
2001327.1410.193.216 %1063.5749.64.892 %
2002362.0334.910.667 %1095.2231.652.976 %
2003419.7857.7515.952 %1088.74-6.48-0.592 %
2004431.3811.592.761 %1105.3416.61.525 %
2005463.0731.77.348 %1186.6381.287.354 %
2006448.51-14.56-3.144 %1225.9239.293.311 %
2007519.0770.5615.731 %1259.6133.692.748 %
2008640.21121.1423.338 %1308.5448.933.885 %
2009583.19-57.02-8.906 %1314.976.440.492 %
2010600.19172.916 %1369.6954.724.161 %
2011719.54119.3519.884 %1471.76102.077.452 %
2012635.46-84.08-11.685 %1401.85-69.91-4.75 %
2013654.318.842.965 %1415.8313.980.997 %
2014652.02-2.28-0.349 %1455.9140.082.831 %
2015645.07-6.96-1.067 %1729.94274.0318.822 %
2016679.6734.65.364 %1824.3794.435.459 %
2017783.12103.4615.222 %2081.81257.4414.111 %
2018808.5325.413.244 %2057.97-23.84-1.145 %
2019811.222.680.332 %2247.31189.349.2 %
2020846.9235.74.401 %2339.7992.484.115 %
2021926.7879.879.43 %2522.77182.977.82 %
2022883.2-43.58-4.702 %2788.84266.0710.547 %
2023988.09104.8911.876 %2989.67200.837.201 %
20241007.7419.651.989 %3119.37129.74.338 %

Guinea-Bissau Economic Phases (1970 - 2024)

From 1970 to 2024, Guinea-Bissau economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • Contraction (1976–1980) indicating temporary slowdown
  • High Growth (1981–1982) indicating robust economic expansion
  • High Growth (1989–1990) indicating robust economic expansion
  • High Growth (2002–2003) indicating robust economic expansion
  • High Growth (2007–2008) indicating robust economic expansion
  • Contraction (2014–2015) indicating temporary slowdown
  • High Growth (2016–2017) indicating robust economic expansion
  • Expansion (2018–2020) indicating steady moderate growth
  • Expansion (2024–2024) indicating steady moderate growth

The most remarkable growth occurred in 1981 with an increase of 37.655%, while the largest decline was in 2000 at -33.795%.