Guinea-Bissau: Trade (% of GDP)
In , Guinea-Bissau's Trade (% of GDP) was 38.81.
That's down 4.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Guinea-Bissau ranks #147 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #36 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 56.91
- Trough
- 38.81
- 1-year change
- -4.1%
- 5-year change
- -22.3%
- -4.9% / yr
- 10-year change
- -17.2%
- -1.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 38.8066 | |
| 40.4745 | |
| 45.7585 | |
| 44.8095 | |
| 42.8854 | |
| 49.9435 | |
| 55.0196 | |
| 56.9137 | |
| 54.3007 | |
| 54.3704 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Guinea-Bissau's Trade (% of GDP) in 2024?
- In 2024, Guinea-Bissau's Trade (% of GDP) was 38.81, according to World Bank Open Data.
- Is Guinea-Bissau's Trade (% of GDP) rising or falling?
- Guinea-Bissau's Trade (% of GDP) fell 4.1% from 2023 to 2024.
- How does Guinea-Bissau rank globally on Trade (% of GDP)?
- In 2024, Guinea-Bissau ranked #147 out of 160 countries reporting Trade (% of GDP).
- How does Guinea-Bissau's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Guinea-Bissau is below the world average. Within Sub-Saharan Africa, it ranks #36 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.