Subsidies and other transfers (current LCU) in Guinea-Bissau
Guinea-Bissau: Subsidies and other transfers (current LCU) was 38.43 billion current LCU in 2024. ▲ Rising
Subsidies and other transfers 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 subsidies and other transfers in Guinea-Bissau is 38.43 billion current LCU, measured in 2024. That is the highest value across all 8 years on record.
The figure is up 64.5% on the previous year and up 207.2% over ten years.
That places Guinea-Bissau 93rd out of 153 countries with data for 2024, putting it in the middle of the range.
Subsidies and other transfers (current LCU) in Guinea-Bissau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 12.51 billion current LCU | — |
| 2018 | 18.32 billion current LCU | +46.4% |
| 2019 | 26.91 billion current LCU | +46.9% |
| 2020 | 18.20 billion current LCU | -32.3% |
| 2021 | 17.24 billion current LCU | -5.3% |
| 2022 | 22.55 billion current LCU | +30.8% |
| 2023 | 23.36 billion current LCU | +3.6% |
| 2024 | 38.43 billion current LCU | +64.5% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 38.43 billion current LCU is below the median for low income countries, which is 511.45 billion current LCU, 8% of the median. (14 countries reporting)
- Guinea-Bissau's 38.43 billion current LCU is below the median for Sub-Saharan Africa, which is 282.03 billion current LCU, 14% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 19.24 billion current LCU | 12.51 billion current LCU | 26.91 billion current LCU | 3 |
| 2020s | 23.96 billion current LCU | 17.24 billion current LCU | 38.43 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 subsidies and other transfers in Guinea-Bissau?
- Subsidies and other transfers in Guinea-Bissau was 38.43 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Guinea-Bissau?
- The highest recorded value was 38.43 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Guinea-Bissau?
- The lowest recorded value was 12.51 billion current LCU in 2017.
- How does Guinea-Bissau rank for subsidies and other transfers?
- Guinea-Bissau ranks 93rd out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Guinea-Bissau?
- Over the last ten years it is up 207.2%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.