Guinea-Bissau Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Guinea-Bissau's budget deficit was -3.33% in 2025, ranked 110th globally. This represents a 54.1% increase from 2024. Data from IMF WEO, covering 1991–2025.
Overview
Guinea-Bissau's budget deficit stood at -3.33% in 2025, a rise of +3.93% from 2024. The IMF projects -3.33% by 2025. Guinea-Bissau ranked 110th globally.
Guinea‑Bissau’s primary budget deficit has widened sharply over the past three and a half decades, moving from a modest surplus of 1.61 % of GDP in 1991 to an all‑time peak deficit of 3.48 % in 1996, before plunging to a historic trough of –9.64 % in 2020 amid the pandemic‑related fiscal shock. By 2025 the deficit had narrowed to –3.33 % of GDP, placing the country at rank 110 globally and aligning it closely with peers such as Italy (‑3.30 %) and Mali (‑3.39 %). The recent improvement reflects a combination of tighter expenditure controls and modest revenue gains, yet the deficit remains sizable relative to the region’s average. Continued consolidation will depend on strengthening tax administration, curbing public‑sector wage growth, and sustaining external financing at affordable terms; absent these measures, the trajectory could reverse, risking a return to double‑digit shortfalls.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.97% | - | - |
| 2029* IMF | -3.01% | - | - |
| 2028* IMF | -3.03% | - | - |
| 2027* IMF | -3.24% | - | - |
| 2026* IMF | -3.44% | - | - |
| 2025* IMF | -3.33% | - | - |
| 2025 | -3.33% | +3.93% | #110 |
| 2024 | -7.26% | +0.90% | #26 |
| 2023 | -8.15% | −2.10% | #10 |
| 2022 | -6.06% | −0.17% | #36 |
| 2021 | -5.88% | +3.76% | #59 |
| 2020 | -9.64% | −5.78% | #35 |
| 2019 | -3.86% | +0.90% | #48 |
| 2018 | -4.76% | −3.44% | #34 |
| 2017 | -1.32% | +4.02% | #120 |
| 2016 | -5.34% | −2.18% | #43 |
| 2015 | -3.16% | −0.73% | #87 |
| 2014 | -2.44% | −0.76% | #106 |
| 2013 | -1.67% | +0.45% | #110 |
| 2012 | -2.12% | −0.77% | #105 |
| 2011 | -1.35% | −1.13% | #119 |
Detected Pattern
Analysis
Guinea-Bissau matched the Fiscal Dominance Trap pattern in 2008. Historically, 72% of countries showing this pattern (278 out of 386) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Guinea-Bissau's budget deficit was -3.33% in 2025. Ranked 110th globally. This represents a 54.1% increase from the previous year.
Guinea-Bissau's budget deficit peaked at 3.48% in 1996.
The lowest budget deficit in Guinea-Bissau was -9.64% in 2020.
Guinea-Bissau ranks 110th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Guinea-Bissau's budget deficit is projected to reach -3.33% by 2025 based on IMF projection.
The budget deficit of Guinea-Bissau in 2025 was -3.33%. This ranks 110th in the world.
Cite this page
@misc{historysaid_guinea-bissau_budget-deficit,
title = {Guinea-Bissau Budget Deficit},
url = {https://historysaid.com/guinea-bissau/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}