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.
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%.