Guinea-Bissau

Description of Guinea-Bissau

As we delve into the intricate geopolitical and macroeconomic landscape of Guinea-Bissau, we are presented with a nation that holds a unique position within the West African region. Situated on the Atlantic coast, Guinea-Bissau grapples with a complex history, characterized by colonial legacies and internal political struggles. With a diverse population and a rich cultural tapestry, this country faces both challenges and opportunities in its quest for sustainable development and economic growth. By examining key macroeconomic statistics and geopolitical factors, we can gain valuable insight into Guinea-Bissau's trajectory and its role on the global stage.

Population And Age Structure

Guinea-Bissau has a total population of 2,015,828, which is significantly below the average population of 40,097,746. Guinea-Bissau is ranked 146 out of 194 countries in terms of total population.

The percentage of population ages 0-14 in Guinea-Bissau is 40.98%, higher than the average of 27.34%. This places Guinea-Bissau at rank 29 out of 194 countries in this category.

Guinea-Bissau has a total of 826,151 children aged 0-14, much lower than the average of 10,327,380. This gives Guinea-Bissau a rank of 132 out of 194 countries for this demographic group.

The percentage of population ages 15-64 in Guinea-Bissau is 56.22%, lower than the average of 63.44%. The country is ranked 164 out of 194 in this age group.

Guinea-Bissau has 1,133,245 individuals aged 15-64, significantly below the average of 26,003,407. This places Guinea-Bissau at rank 147 out of 194 countries for this age bracket.

The percentage of population ages 65 and above in Guinea-Bissau is 2.80%, much lower than the average of 9.22%. Guinea-Bissau is ranked 171 out of 194 countries in this category.

The total number of individuals aged 65 and above in Guinea-Bissau is 56,431, which is notably lower than the average of 3,766,959. Guinea-Bissau ranks 154 out of 194 countries for this demographic group.

Summary

Guinea-Bissau has a relatively smaller total population, with a higher percentage of children aged 0-14 and a lower percentage of individuals aged 15-64 and 65 and above compared to the global averages. These demographic indicators are crucial as they highlight the country's age distribution, which can impact various aspects such as workforce productivity, healthcare needs, and dependency ratios, ultimately influencing the country's social and economic development trajectory.

Population Miscellaneous

For Rural population, Guinea-Bissau's value of 1,124,913 is significantly below the average of 18,044,041. This places Guinea-Bissau at rank 122 out of 190 countries.

Guinea-Bissau's Urban population of 890,915 is also notably below the average of 22,425,747, ranking the country at 149 out of 194 nations in the dataset.

With an Age dependency ratio of 77.88%, Guinea-Bissau exceeds the average of 59.22%, positioning the country at rank 31 out of 194 countries.

The Birth rate, crude in Guinea-Bissau is 31.605 per 1,000 people, higher than the average of 19.384. This places the country at rank 29 out of 192 nations.

Guinea-Bissau's Death rate, crude of 8.574 per 1,000 individuals is slightly above the average of 8.214. The country is ranked 72 out of 192 countries.

In terms of Fertility rate, Guinea-Bissau has a total of 4.094 births per woman, higher than the average of 2.603. The country ranks 30 out of 190 nations in the dataset.

Summary

Guinea-Bissau exhibits below-average figures for key macroeconomic indicators such as rural and urban population, but surpasses the average in metrics like age dependency ratio, birth rate, crude, death rate, crude, and fertility rate. These statistics are crucial as they highlight Guinea-Bissau's demographic composition, indicating a relatively high birth rate and fertility rate compared to global averages, which could have implications for the country's future population growth and dependency ratios.

Military

Analysis of Key Military Statistics for Guinea-Bissau:

Summary

In summary, Guinea-Bissau demonstrates relatively low military expenditure, both in terms of total spending and as a percentage of GDP, compared to global averages. Additionally, the country has a smaller number of armed forces personnel, both in absolute numbers and as a percentage of the total labor force, compared to the global average.

These findings are important as they indicate that Guinea-Bissau may have limited capacity for military defense and security relative to other countries. This could impact the country's ability to respond to internal or external security threats effectively, potentially influencing its stability and sovereignty.

Natural Resources

Guinea-Bissau's forest area is 19,800.1 sq. km, well below the average of 211,606.11 sq. km, ranking 108th out of 191 countries. The country's land area of 28,120 sq. km is significantly lower than the average of 665,166.51 sq. km, placing it at 138th out of 194 countries. With a surface area of 36,130 sq. km, Guinea-Bissau falls below the average of 689,779.56 sq. km, ranking 134th out of 194 countries.

When it comes to arable land, Guinea-Bissau has 300,000 hectares, notably less than the average of 7,329,543.16 hectares, positioning it at 137th out of 190 countries. The country's land under cereal production is 191,878 hectares, far below the average of 4,206,011.63 hectares, ranking at 122 out of 174 countries. Guinea-Bissau receives an average precipitation depth of 1,577 mm per year, higher than the average of 1,157.83 mm per year, placing it at 52nd out of 178 countries.

In terms of renewable internal freshwater resources, Guinea-Bissau has 16 billion cubic meters, significantly below the average of 240.41 billion cubic meters, ranking 107th out of 178 countries.

Summary

Guinea-Bissau's land area, forest area, arable land, and renewable internal freshwater resources are notably below global averages, indicating limited natural resource availability for agricultural and economic development. These factors can potentially hinder the country's agricultural productivity, food security, and overall economic growth, emphasizing the importance of sustainable land management and water resource utilization strategies in Guinea-Bissau's development strategies.

Resource Rents

Guinea-Bissau's Total natural resources rents (% of GDP) stand at 11.15%, which is 6.52% higher than the attribute average of 4.63%. This places Guinea-Bissau at rank 30 out of 175 countries in the dataset.

Furthermore, Guinea-Bissau's Forest rents (% of GDP) is notably high at 11.15%, surpassing the attribute average of 1.53% by 9.63%. This places Guinea-Bissau at rank 5 out of 174 countries in the dataset.

Summary

Guinea-Bissau stands out in terms of its natural resources rents and forest rents, with percentages significantly higher than the global averages. These high figures position Guinea-Bissau among the top performers globally in both categories, reflecting the country's substantial natural resource wealth. Such abundance presents opportunities for economic growth, investment, and sustainable development, but also calls for effective resource management strategies to ensure long-term benefits for the country and its people.

Commodities

For Cereal production (metric tons), Guinea-Bissau's value is significantly lower than the average production of 17,249,945.93 metric tons, ranking 129th out of 174 countries in the dataset.

In Aquaculture production (metric tons), Guinea-Bissau's production of 10 metric tons is substantially below the average of 679,642.92 metric tons, placing it at the 168th rank out of 180 countries.

Guinea-Bissau's Capture fisheries production (metric tons) is 62,392.45 metric tons, below the average of 467,453.06 metric tons, ranking 92nd out of 190 countries.

In Total fisheries production (metric tons), Guinea-Bissau's output of 62,402.45 metric tons is notably lower than the average of 1,153,914.85 metric tons, placing it at the 95th rank out of 182 countries.

Guinea-Bissau's Fertilizer consumption (kilograms per hectare of arable land) is 31.72 kg/ha, which is lower than the average of 159.04 kg/ha. The country ranks 130th out of 187 countries in this metric.

Summary

Guinea-Bissau's agricultural and fisheries sectors lag behind global averages, with below-average production in cereals, aquaculture, capture fisheries, and total fisheries. Additionally, the country's fertilizer consumption is significantly lower than the global average. These indicators highlight the challenges Guinea-Bissau faces in achieving food security, economic growth, and sustainable development. Addressing these disparities is crucial for enhancing agricultural productivity, improving food availability, and boosting the overall economy of Guinea-Bissau.

Intellectual Property

- Guinea-Bissau's Scientific and technical journal articles are significantly below the average of 15,103.76, with a value of 14.4, ranking 169 out of 192 countries in the dataset.

- Charges for the use of intellectual property, receipts in Guinea-Bissau amount to 198,580.23 (BoP, current US$), substantially below the average of 3,191,687,117.58. This places Guinea-Bissau at rank 100 out of 122 countries for this attribute.

Summary

Guinea-Bissau's scientific and technical journal articles fall significantly below the global average, ranking 169 out of 192 countries. Additionally, the country's charges for the use of intellectual property receipts are notably lower than the average, positioning Guinea-Bissau at rank 100 out of 122 countries in this aspect. These indicators suggest a lack of investment in research and innovation in Guinea-Bissau, which could hinder its ability to compete globally and drive sustainable economic growth in the long term.

Broad Economy Attributes

- Guinea-Bissau's GDP (current US$) is $1.43 billion, which is significantly below the average GDP of $442.87 billion, ranking 173 out of 189 countries.
- The GDP, PPP (current international $) for Guinea-Bissau is $3.84 billion, far lower than the average GDP of $734.14 billion, placing the country at 160 out of 181 countries.
- Guinea-Bissau's GDP per capita (current US$) stands at $710.26, much lower than the average of $15462.11, ranking 174 out of 190 countries.
- With a GDP per capita, PPP (current international $) of $1904.66, Guinea-Bissau lags behind the average of $21251.89, placing it at 170 out of 181 countries.
- The country's GNI (current US$) is $1.46 billion, well below the average of $452.04 billion, ranking 169 out of 185 countries.
- In terms of GNI, PPP (current international $), Guinea-Bissau has $3.91 billion, significantly lower than the average of $730.70 billion, placing it at 160 out of 181 countries.
- Guinea-Bissau's GNI per capita, PPP (current international $) is $1940, notably lower than the average of $20615.75, ranking 170 out of 181 countries.

Summary

Guinea-Bissau lags behind the global averages in key macroeconomic indicators such as GDP, GDP per capita, and GNI. With figures consistently below average, the country faces significant economic challenges in terms of overall wealth, income distribution, and productivity. These statistics highlight the urgent need for policy reforms, investment, and development strategies to improve the country's economic standing and quality of life for its citizens.

Broad Value Added

1. Gross value added at basic prices (GVA) (current US$): Guinea-Bissau's GVA of $1,353,457,161.74 is significantly below the average of $360,070,943,595.12. It ranks 163 out of 176 countries in the dataset.

2. Agriculture, forestry, and fishing, value added (% of GDP): Guinea-Bissau's value added in this sector accounts for 30.86% of its GDP, which is much higher than the average of 10.86%. The country ranks 9 out of 182 countries.

3. Agriculture, forestry, and fishing, value added (current US$): At $441,887,047.30, Guinea-Bissau's value added in this sector is notably lower than the average of $19,924,732,828.07. It ranks 144 out of 182 countries.

4. Services, value added (% of GDP): Guinea-Bissau's service sector contributes 50.19% to its GDP, slightly below the average of 56.72%. The country holds the 137th position out of 183 countries.

5. Services, value added (current US$): With a value of $718,566,811.49, Guinea-Bissau's service sector value added falls far below the average of $295,837,711,130.69. It ranks 173 out of 183 countries.

6. Industry (including construction), value added (current US$): Guinea-Bissau's value added in the industry sector is $193,003,302.95, significantly lower than the average of $118,421,095,413.50. The country is ranked 171 out of 183 countries.

Summary

Guinea-Bissau's macroeconomic indicators reveal a stark reality of its economic structure. The country's GVA is significantly below the global average, ranking low in comparison. With a heavy reliance on agriculture, forestry, and fishing sectors, Guinea-Bissau demonstrates imbalanced economic diversification, lagging behind in industrial and service sector contributions. These indicators underscore the urgent need for economic reforms and diversification strategies to foster sustainable growth and reduce dependency on traditional sectors.

Money

1. Inflation, consumer prices (annual %): Guinea-Bissau's inflation rate is 1.14%, which is below the average of 8.26%. The country ranks 106th out of 165 countries in this data set.

2. Inflation, GDP deflator (annual %): With an inflation rate of 0.10%, Guinea-Bissau is below the average of 6.90%. The country holds the 140th rank out of 188 countries in this category.

3. Broad money growth (annual %): Guinea-Bissau's broad money growth stands at 9.09%, lower than the average of 18.03%. It ranks 102nd out of 139 countries in this dataset.

4. Broad money (% of GDP): The broad money as a percentage of GDP in Guinea-Bissau is 48.44%, which is below the average of 71.75%. The country holds the 91st rank out of 139 countries in this metric.

Summary

Guinea-Bissau exhibits relatively low inflation rates compared to global averages, ranking moderately in both consumer price and GDP deflator inflation. However, the country's broad money growth and broad money as a percentage of GDP are below average, indicating potential constraints on economic expansion and development. These indicators are crucial as they reflect Guinea-Bissau's monetary stability, economic performance, and financial sector development, influencing investor confidence, purchasing power, and overall economic growth.

Consumption Expenditure

Final consumption expenditure (current US$): Guinea-Bissau's value of 1,404,763,666.71 is significantly below the average of 381,630,252,515.38, ranking 150 out of 159 countries.

Final consumption expenditure (% of GDP): Guinea-Bissau's value of 98.11% is above the average of 82.37%, ranking 22 out of 159 countries.

General government final consumption expenditure (current US$): Guinea-Bissau's value of 236,454,672.17 is much lower than the average of 93,676,578,238.03, ranking 151 out of 158 countries.

General government final consumption expenditure (% of GDP): Guinea-Bissau's value of 16.51% is below the average of 18.71%, ranking 90 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Guinea-Bissau's value of 1,168,308,994.54 is significantly below the average of 290,127,571,157.69, ranking 148 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Guinea-Bissau's value of 81.60% is above the average of 63.68%, ranking 20 out of 158 countries.

Summary

In terms of final consumption expenditure and its components, Guinea-Bissau ranks relatively low compared to the global average across various metrics. Despite having a higher percentage of GDP allocated towards household and NPISHs final consumption expenditure, the overall values remain significantly below average.

These findings are crucial as they indicate potential limitations in domestic consumer spending capacity and government expenditure, which could impact economic growth and development in Guinea-Bissau. Addressing these disparities may be necessary to ensure sustainable economic progress and stability within the country.

Investment

Guinea-Bissau's foreign direct investment, net (BoP, current US$) stands at -20,675,433.22, which is significantly above the attribute average of -1,615,230,980.51. The country ranks 44th out of 169 countries in this aspect.

For foreign direct investment, net inflows (BoP, current US$), Guinea-Bissau's value of 20,989,721.61 is notably below the attribute average of 5,749,271,080.15, placing the country at the 142nd position out of 182 countries.

Guinea-Bissau's foreign direct investment, net inflows (% of GDP) is 1.47%, which is lower than the average of 2.61%. The country holds the 97th rank out of 178 nations for this metric.

In terms of foreign direct investment, net outflows (BoP, current US$), Guinea-Bissau's value is 314,288.39, significantly below the average of 5,707,991,116.07. The country ranks 117th out of 156 countries in this aspect.

Guinea-Bissau's foreign direct investment, net outflows (% of GDP) at 0.02% is notably lower than the average of 1.00%. The country is ranked 109th out of 155 countries for this metric.

When considering Portfolio Investment, net (BoP, current US$), Guinea-Bissau's value of -38,522,131.93 is below the attribute average of 679,559,169.57. This places Guinea-Bissau at the 97th rank out of 159 countries.

Summary

Guinea-Bissau lags behind in foreign direct investment metrics, with net inflows and outflows below global averages. The country ranks lower in net inflows compared to net outflows, indicating challenges in attracting investment. Additionally, its portfolio investment is also below average, highlighting the need to improve investor confidence and attract more capital for economic development.

These findings are crucial as foreign direct investment and portfolio investment play a vital role in driving economic growth, creating jobs, and fostering technological advancement. By enhancing its investment climate, Guinea-Bissau can boost its economic prosperity, infrastructure development, and overall competitiveness on the global stage.

Debt

Total debt service (% of GNI): Guinea-Bissau's value of 1.85% is below the average of 5.98%. It ranks 94th out of 120 countries.

Public and publicly guaranteed debt service (% of GNI): Guinea-Bissau's value of 1.58% is below the average of 2.84%. It ranks 73rd out of 120 countries.

External debt stocks (% of GNI): Guinea-Bissau's value of 59.29% is below the average of 65.42%. It ranks 49th out of 120 countries.

Debt service on external debt, total (TDS, current US$): Guinea-Bissau's value of 26,922,945.2 is significantly below the average of 9,811,958,839.23. It ranks 112th out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Guinea-Bissau's value of 22,999,173.3 is significantly below the average of 3,310,612,057.60. It ranks 112th out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Guinea-Bissau's value of 782,473,850.4 is significantly below the average of 28,695,879,144.98. It ranks 108th out of 123 countries.

External debt stocks, total (DOD, current US$): Guinea-Bissau's value of 863,436,889.6 is significantly below the average of 73,845,530,111.82. It ranks 111th out of 123 countries.

Summary

Guinea-Bissau demonstrates prudent debt management practices as indicated by its below-average values in various debt service and external debt indicators. The country ranks relatively low among the listed countries, showing a responsible approach towards managing its financial obligations. These indicators are crucial as they reflect Guinea-Bissau's capability to meet its debt repayments, maintain financial stability, and potentially attract favorable terms for future borrowing.

Broad Trade Attributes

Trade (% of GDP): Guinea-Bissau's trade value as a percentage of GDP is 43.64%, which is below the average of 82.34%. The country ranks 135 out of 163 countries included in the data.

Merchandise trade (% of GDP): Guinea-Bissau's merchandise trade accounts for 40.16% of its GDP, below the average of 60.01%. The country is ranked 132 out of 186 countries.

Trade in services (% of GDP): Guinea-Bissau's trade in services is 10.54% of its GDP, lower than the average of 24.63%. The country holds the 118th rank out of 171 countries.

External balance on goods and services (current US$): Guinea-Bissau has a negative balance of $212,784,366.44, significantly below the average of $3,405,509,011.13. The country ranks 75 out of 163 nations.

External balance on goods and services (% of GDP): Guinea-Bissau's external balance as a percentage of GDP is -14.86%, while the average is -5.97%. The country's rank is 126 out of 163 countries considered in the data.

Summary

Guinea-Bissau's trade indicators, including Trade (% of GDP), Merchandise trade (% of GDP), and Trade in services (% of GDP), all fall below global averages. The country also has a significantly negative External balance on goods and services, both in absolute terms and as a percentage of GDP. These figures highlight Guinea-Bissau's heavy reliance on imports, limited diversification of exports, and potential vulnerability to external shocks. Addressing these imbalances is crucial for fostering economic resilience and sustainable growth in Guinea-Bissau.

Net Trade

Current account balance (BoP, current US$): Guinea-Bissau's current account balance is significantly below the average, ranking 73rd out of 170 countries.

Current account balance (% of GDP): Guinea-Bissau's current account balance as a percentage of GDP is lower than the average, ranking 100th out of 170 countries.

Net trade in goods and services (BoP, current US$): Guinea-Bissau's net trade in goods and services is well below the average, placing it at 79th out of 171 countries.

Net primary income (BoP, current US$): Guinea-Bissau's net primary income is above the average, ranking 42nd out of 170 countries.

Net secondary income (BoP, current US$): Guinea-Bissau's net secondary income is significantly higher than the average, positioning it at 103rd out of 170 countries.

Net trade in goods (BoP, current US$): Guinea-Bissau's net trade in goods is below the average, ranking 70th out of 171 countries.

Net capital account (BoP, current US$): Guinea-Bissau's net capital account is notably lower than the average, placing it at 99th out of 159 countries.

Net financial account (BoP, current US$): Guinea-Bissau's net financial account is above the average, ranking at 74th out of 170 countries.

Summary

Guinea-Bissau's macroeconomic indicators paint a picture of a country with a current account balance, net trade in goods, and net capital account significantly below the global average. However, it has a relatively higher net primary income and net financial account. These indicators are crucial as they highlight Guinea-Bissau's dependence on foreign trade, its ability to generate income from overseas investments, and the overall health of its economy in relation to the rest of the world.

Broad Export Attributes

Analysis of key export statistics for Guinea-Bissau:

1. Exports of goods, services, and primary income (BoP, current US$): Guinea-Bissau's value of $299,351,997.18 is significantly below the average of $146,238,908,936.30. It ranks 159 out of 170 countries.

2. Exports of goods and services (BoP, current US$): Guinea-Bissau's value of $232,536,091.83 is well below the average of $122,938,540,059.78. It ranks 159 out of 170 countries.

3. Exports of goods and services (current US$): Guinea-Bissau's value of $205,987,685.02 is notably lower than the average of $129,596,864,610.19. It ranks 154 out of 163 countries.

4. Exports of goods and services (% of GDP): Guinea-Bissau's value of 14.39% is below the average of 38.19%. It ranks 144 out of 163 countries.

5. Goods exports (BoP, current US$): Guinea-Bissau's value of $213,798,110.16 is significantly lower than the average of $93,310,581,697.39. It ranks 154 out of 171 countries.

Summary

In analyzing key export statistics for Guinea-Bissau, it is evident that the country's export values across various categories are significantly below global averages, placing Guinea-Bissau in lower rankings compared to other countries. This indicates a relatively smaller share in the global market and highlights the challenges the country may face in terms of competitiveness, economic diversification, and generating foreign exchange earnings to support economic growth and development.

Merchandise Exports

Merchandise exports (current US$): Guinea-Bissau's merchandise exports amount to $214 million, which is significantly below the attribute average of $89.54 billion. This places Guinea-Bissau at a rank of 167 out of 187 countries included in the data set.

Summary

Guinea-Bissau's merchandise exports are relatively low at $214 million, placing the country at a rank of 167 out of 187 countries. This indicates a significant gap compared to the average of $89.54 billion among the countries in the dataset. This low export value could suggest a limited diversification of Guinea-Bissau's economy, reliance on few export commodities, or challenges in accessing international markets, all of which may impact its economic growth and stability.

Service Exports

Guinea-Bissau's Service exports (BoP, current US$) amount to 18,737,981.67, which is significantly below the attribute average of $28,917,292,503.82. The country is ranked 167 out of 171 countries in this dataset.

The ICT service exports (BoP, current US$) of Guinea-Bissau are 8,475,014.96, much lower than the attribute average of $4,578,501,153.77. Guinea-Bissau ranks 141 out of 166 countries for this statistic.

Guinea-Bissau's ICT service exports (% of service exports, BoP) are at 45.23%, well above the attribute average of 11.75%. This places Guinea-Bissau at rank 6 out of 166 countries in the dataset.

For Communications, computer, etc. (% of service exports, BoP), Guinea-Bissau's value is 62.06%, higher than the attribute average of 45.85%. The country ranks 47 out of 169 countries.

Guinea-Bissau's Transport services (% of service exports, BoP) stand at 0.78%, far below the attribute average of 21.80%. The country is ranked 166 out of 169 countries.

Regarding Travel services (% of service exports, BoP), Guinea-Bissau's value is 15.68%, lower than the attribute average of 26.40%. The country holds a rank of 95 out of 167 countries.

Guinea-Bissau's Insurance and financial services (% of service exports, BoP) represent 21.49%, significantly exceeding the attribute average of 6.46%. The country is ranked 10 out of 161 countries in this aspect.

Summary

Guinea-Bissau's key macroeconomic indicators in service exports depict a mixed performance. While the total service exports and ICT service exports are notably below the global averages, the country excels in the percentage of ICT service exports and insurance/financial services exports compared to its peers. This suggests that Guinea-Bissau has a strong specialization in certain high-value service sectors, which could potentially be leveraged for economic growth and diversification.

Commercial Service Exports

Guinea-Bissau's Commercial service exports (current US$) amount to 18015413.72, ranking 167 out of 171 countries. This value is significantly below the attribute average of 28508218402.80.

Travel services (% of commercial service exports) in Guinea-Bissau stand at 16.30%, ranking 99 out of 167 countries. This percentage is below the attribute average of 27.89%.

Computer, communications, and other services (% of commercial service exports) in Guinea-Bissau constitute 60.53%, ranking 42 out of 169 countries. This percentage is above the attribute average of 42.44%.

Guinea-Bissau's Insurance and financial services (% of commercial service exports) represent 22.35%, ranking 11 out of 161 countries. This value is significantly above the attribute average of 6.97%.

Transport services (% of commercial service exports) in Guinea-Bissau make up 0.81%, ranking 165 out of 169 countries. This percentage is notably below the attribute average of 23.37%.

Summary

Guinea-Bissau has a diverse composition of commercial service exports, with a notable emphasis on computer, communications, and other services, as well as insurance and financial services. However, the country lags behind in transport services and travel services when compared to global averages. This indicates a potential opportunity for Guinea-Bissau to further develop its transportation infrastructure and tourism sector to enhance its commercial service exports diversification and competitiveness in the global market.

Broad Import Attributes

Imports of goods and services (current US$): Guinea-Bissau's value of $418,772,051.46 is significantly below the attribute average of $126,191,355,599.06. The country is ranked 157th out of 163 countries in this dataset.

Imports of goods and services (% of GDP): With a value of 29.25%, Guinea-Bissau's import value relative to its GDP is below the average of 44.15%. The country ranks 112th out of 163 countries in this dataset.

Goods imports (BoP, current US$): Guinea-Bissau's goods import value of $307,279,709.05 is far lower than the attribute average of $92,007,788,027.17. The country is ranked 161st out of 171 countries in this dataset.

Imports of goods and services (BoP, current US$): At $439,386,030.96, Guinea-Bissau's imports of goods and services are considerably below the average of $120,321,577,988.12. The country holds the 161st position out of 170 countries in this dataset.

Imports of goods, services and primary income (BoP, current US$): Guinea-Bissau's value in this category is $480,769,924.62, significantly lower than the average of $144,514,428,722.28. The country ranks 160th out of 170 countries in this dataset.

Summary

Guinea-Bissau's import values across various categories are consistently below the global averages, ranking poorly in comparison to other countries. This indicates a potential lack of diversification in its trade portfolio and a heavy reliance on imports. These findings are crucial as they highlight Guinea-Bissau's vulnerability to external shocks and emphasize the need for the country to focus on broadening its export base and boosting domestic production capabilities to improve economic resilience.

Merchandise Imports

For Merchandise imports (current US$), Guinea-Bissau has a value of 361 million, significantly below the average of approximately 89.39 billion. This places Guinea-Bissau at rank 178 out of 190 countries in terms of merchandise imports, indicating that it has a relatively low level of imports compared to other nations in the dataset.

Summary

Guinea-Bissau's merchandise imports amount to only 361 million, far below the global average of around 89.39 billion. This places Guinea-Bissau at a lowly rank of 178 out of 190 countries, signifying its minimal participation in global trade compared to other nations. This low level of imports may indicate limited access to goods, potential economic challenges, and may hinder the country's economic development and growth prospects.

Service Imports

Guinea-Bissau's service imports amount to $132,106,321.91, significantly below the average of $27,615,356,170.47, ranking 161st out of 171 countries. The country heavily relies on communications, computer, etc., comprising 18.47% of its service imports, lower than the average of 44.40%, ranking 154th out of 169 countries. Transport services contribute 38.46% to Guinea-Bissau's service imports, slightly above the average of 32.90%, placing the country 57th out of 169. Guinea-Bissau's travel services constitute 40.20% of its service imports, notably higher than the average of 14.14%, ranking 7th out of 169 countries. Moreover, insurance and financial services make up 2.87% of Guinea-Bissau's service imports, below the average of 8.53%, positioning the country 142nd out of 169.

Summary

Guinea-Bissau's service imports are significantly lower than the global average, with a heavy reliance on transport services and travel services. This indicates a narrow diversification of services being imported, with a notable emphasis on tourism-related services compared to financial and communication services. This lack of diversity in service imports could suggest vulnerabilities in Guinea-Bissau's economy, potentially hindering its ability to adapt to changing global trends and economic shocks.

Commercial Service Imports

Guinea-Bissau's commercial service imports amount to $132,106,321.91, significantly below the attribute average of $27,102,746,128.60. The country is ranked 160 out of 171 countries in this aspect.

Computer, communications, and other services represent 18.47% of Guinea-Bissau's commercial service imports, below the average of 41.71%. The country is ranked 145 out of 169 countries in this category.

Insurance and financial services contribute 2.87% to Guinea-Bissau's commercial service imports, significantly lower than the average of 8.85%. The country is ranked 145 out of 169 countries for this attribute.

Transport services represent 38.46% of Guinea-Bissau's commercial service imports, slightly above the average of 34.71%. The country holds the 62nd rank out of 169 countries in this field.

Travel services account for 40.20% of Guinea-Bissau's commercial service imports, significantly surpassing the average of 14.73%. The country is ranked 7th out of 169 countries for this particular attribute.

Summary

Guinea-Bissau's commercial service imports are relatively low compared to the global average, ranking 160 out of 171 countries. The country shows a unique service import composition with a higher share of travel services and transport services, which are notably above the global average. This indicates a potential specialization in these service sectors and could be crucial for Guinea-Bissau's economic development strategy.

Information Technology Infrastructure

For "Secure Internet servers," Guinea-Bissau has 6 servers, much lower than the attribute average of 458,294. The country is ranked 188th out of 193 countries in this dataset.

Regarding "Secure Internet servers (per 1 million people)," Guinea-Bissau's value is 2.98, significantly below the average of 14,067. The country is ranked 188th out of 193 countries.

Guinea-Bissau's "Individuals using the Internet (% of population)" stands at 27.91, well below the average of 64.77%. The country holds the 157th rank out of 180 countries in this dataset.

For "Fixed broadband subscriptions," Guinea-Bissau has 2,383 subscriptions, notably lower than the average of 6,591,956. The country is ranked 176th out of 185 countries.

As for "Mobile cellular subscriptions," Guinea-Bissau boasts 1,913,858 subscriptions, markedly lower than the average of 42,526,464. The country ranks 143rd out of 193 countries in this aspect.

Summary

Guinea-Bissau lags significantly behind global averages in key indicators related to internet infrastructure and connectivity, such as the number of secure internet servers, secure internet servers per 1 million people, individuals using the internet, fixed broadband subscriptions, and mobile cellular subscriptions. These low rankings reflect limited access to digital technologies and potentially hinder economic development and participation in the global digital economy. Improving these metrics is crucial for Guinea-Bissau to enhance its technological capabilities, promote innovation, and foster economic growth in the modern digital age.

Energy Consumption

Guinea-Bissau's renewable energy consumption constitutes 87.22% of its total final energy consumption, significantly surpassing the global average of 32.18%. This places Guinea-Bissau at the 9th rank out of 191 countries in terms of renewable energy utilization.

In contrast, Guinea-Bissau's CO2 emissions are relatively low at 329 kt, significantly below the average of 171,895.94 kt. Despite this, Guinea-Bissau ranks 172nd out of 188 countries in CO2 emissions, highlighting the sustainable environmental practices in the country when compared to others in the dataset.

Summary

Guinea-Bissau distinguishes itself by heavily relying on renewable energy, with it constituting a substantial 87.22% of its total final energy consumption. This places the country at the 9th position globally for renewable energy utilization. Moreover, despite its low CO2 emissions of 329 kt compared to the global average of 171,895.94 kt, Guinea-Bissau ranks 172nd out of 188 countries for CO2 emissions, showcasing its commitment to sustainable environmental practices relative to its peers.

These findings are significant as they highlight Guinea-Bissau's proactive approach towards sustainable energy sources and environmental conservation. By prioritizing renewable energy and keeping CO2 emissions low, Guinea-Bissau sets an example for other nations striving to achieve environmental sustainability amid growing concerns over climate change.

Government Balance Sheet

1. Reserves and related items (BoP, current US$): In Guinea-Bissau, the value is -48228508.93, significantly below the average of 1924407186.58. This places Guinea-Bissau at a rank of 107 out of 171 countries in this dataset.

Summary

Guinea-Bissau's reserves and related items (BoP, current US$) stand at -48228508.93, showcasing a concerning deficit compared to the global average of 1924407186.58. This places the country at a rank of 107 out of 171 countries in the dataset. Such a low level of reserves indicates potential vulnerability for Guinea-Bissau in terms of managing its external payments, currency stability, and overall economic resilience.

Taxes

Guinea-Bissau has a tariff rate of 11.65% for all products, which is above the average rate of 5.21%. This places Guinea-Bissau at the 16th rank out of 153 countries in terms of tariff rates.

Summary

Guinea-Bissau stands out with a relatively high tariff rate of 11.65%, surpassing the global average of 5.21%. This positions Guinea-Bissau at the 16th rank globally in terms of tariff rates. High tariff rates can impact the country's trade competitiveness, potentially affecting its ability to attract foreign investment and participate effectively in the global market.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Forest rents (% of GDP) 5/174
Agriculture, forestry, and fishing, value added (% of GDP) 9/182
ICT service exports (% of service exports, BoP) 6/166
Insurance and financial services (% of service exports, BoP) 10/161
Insurance and financial services (% of commercial service exports) 11/161
Travel services (% of service imports, BoP) 7/169
Travel services (% of commercial service imports) 7/169
Renewable energy consumption (% of total final energy consumption) 9/191

Ranks in Bottom Decile For:

Attribute Rank/Total
Military expenditure (current USD) 142/149
Armed forces personnel, total 149/164
Aquaculture production (metric tons) 168/180
GDP (current US$) 173/189
GDP per capita (current US$) 174/190
GDP per capita, PPP (current international $) 170/181
GNI (current US$) 169/185
GNI per capita, PPP (current international $) 170/181
Gross value added at basic prices (GVA) (current US$) 163/176
Services, value added (current US$) 173/183
Industry (including construction), value added (current US$) 171/183
Final consumption expenditure (current US$) 150/159
General government final consumption expenditure (current US$) 151/158
Household and NPISHs Final consumption expenditure (current US$) 148/158
Debt service on external debt, total (TDS, current US$) 112/123
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) 112/123
External debt stocks, total (DOD, current US$) 111/123
Exports of goods, services and primary income (BoP, current US$) 159/170
Exports of goods and services (BoP, current US$) 159/170
Exports of goods and services (current US$) 154/163
Goods exports (BoP, current US$) 154/171
Service exports (BoP, current US$) 167/171
Transport services (% of service exports, BoP) 166/169
Commercial service exports (current US$) 167/171
Transport services (% of commercial service exports) 165/169
Imports of goods and services (current US$) 157/163
Goods imports (BoP, current US$) 161/171
Imports of goods and services (BoP, current US$) 161/170
Imports of goods, services and primary income (BoP, current US$) 160/170
Merchandise imports (current US$) 178/190
Service imports (BoP, current US$) 161/171
Communications, computer, etc. (% of service imports, BoP) 154/169
Commercial service imports (current US$) 160/171
Secure Internet servers 188/193
Secure Internet servers (per 1 million people) 188/193
Fixed broadband subscriptions 176/185
CO2 emissions (kt) 172/188