Goods and services expense (current LCU) in Guinea-Bissau
Guinea-Bissau: Goods and services expense (current LCU) was 57.26 billion current LCU in 2024. ▲ Rising
Goods and services expense in Guinea-Bissau, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Guinea-Bissau is 57.26 billion current LCU, measured in 2024.
The figure is down 9.7% on the previous year and up 19.9% over ten years.
That places Guinea-Bissau 69th out of 155 countries with data for 2024, putting it in the middle of the range.
Goods and services expense (current LCU) in Guinea-Bissau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 47.78 billion current LCU | — |
| 2018 | 30.49 billion current LCU | -36.2% |
| 2019 | 27.52 billion current LCU | -9.7% |
| 2020 | 50.75 billion current LCU | +84.5% |
| 2021 | 41.84 billion current LCU | -17.6% |
| 2022 | 45.59 billion current LCU | +8.9% |
| 2023 | 63.43 billion current LCU | +39.2% |
| 2024 | 57.26 billion current LCU | -9.7% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 57.26 billion current LCU is below the median for low income countries, which is 238.88 billion current LCU, 24% of the median. (16 countries reporting)
- Guinea-Bissau's 57.26 billion current LCU is below the median for Sub-Saharan Africa, which is 189.83 billion current LCU, 30% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 35.26 billion current LCU | 27.52 billion current LCU | 47.78 billion current LCU | 3 |
| 2020s | 51.78 billion current LCU | 41.84 billion current LCU | 63.43 billion current LCU | 5 |
Countries ranked near Guinea-Bissau
More public sector data for Guinea-Bissau
- Democracy, annual growth rate -100 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (2025)
- Elected parliament, annual growth rate -100 % change on previous year (2023)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (2023)
- Arms imports 5.00 million SIPRI trend indicator values (1993)
- Arms imports (SIPRI trend indicator values), per capita 4.72 SIPRI trend indicator values per person (1993)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0081 SIPRI trend indicator values per US$ of GDP (1993)
- Arms imports (SIPRI trend indicator values), annual growth rate -70 % change on previous year (1991)
Frequently asked questions
- What is goods and services expense in Guinea-Bissau?
- Goods and services expense in Guinea-Bissau was 57.26 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Guinea-Bissau?
- The highest recorded value was 63.43 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Guinea-Bissau?
- The lowest recorded value was 27.52 billion current LCU in 2019.
- How does Guinea-Bissau rank for goods and services expense?
- Guinea-Bissau ranks 69th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Guinea-Bissau?
- Over the last ten years it is up 19.9%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.