Highlights 

  • The Guinea-Bissau’s economy growth has slow down over the 2015-2018 period from 6.1% in 2015 to 3.4% in 2018. It increased from 1.1 percentage points in 2019 for settling in 4.5%. The activity should be contracted for 1.9% in 2020 due to the impact of the COVID-19 and rebound in 2021.
  • Like other Member States, the inflation in Guinea-Bissau remains at a relatively low level and below the community standard of 3 %. The inflation rate in the country stay inferior at 2.0% over the last five years. It stood at 0.2% in 2019 and is projected to reach 1.8% in 2020.
  • Guinea-Bissau’s economy depends on the performance of agriculture and fisheries. The country is the sixth largest producer of cashew nuts in the world. This product is the country’s main source of foreign exchange and export. 
  • The budget balance of Guinea-Bissau improve in 2019 with a deficit estimated at 4.2% of GDP against 4.3% of GDP in 2018. The budget deficit could reach 10.3% of GDP in 2020 due to the low level of revenue mobilization caused by the COVID-19 pandemic compared to the increasing costs, particularly for financing needs of the National Development Plan (Terra Ranka, 2015 -2020). The budget deficit should be improved in 2021 with more favorable economic outlook.
  • Guinea-Bissau’s debt rate is estimated at 69.8 % in 2019, an increase of 9.7 percentage points compared to 2018. It could attain 70.9% in 2020. This trend can be explained by the deterioration in the budget balance in line with the investments made under the “Terra Ranka, 2015-2020” plan. The investment rate should thus increase from 14.5% of GDP in 2018 to 15.6% of GDP in 2019 before settling at 19.9% of GDP in 2020.
  • Guinea-Bissau adopted in 2015 a new development framework whose implementation covers the 2015-2025 period: the Guinea-Bissau 2025 vision. The first phase of this program known as “Terra Ranka, 2015-2020” is implemented over the 2015-2020 period. The main goals of the “Terra Ranka” plan are as follows:
    • Maintaining political stability;
    • Implementing public administration reforms and improving public financial management;
    • Institutional capacity-building;
    • The implementation of an economic diversification policy, particularly in agriculture;
    • Strengthening infrastructure investment.

 

  2015 2016 2017 2018 2019 2020
Real GDP growth (%)    6.1  5.4 4.7 3.4 4.5 -1.9
Inflation rate (annual average) 1.5 1.5 1.0 0.3 0.2 1.8
Underlying budget balance / Nominal GDP (%) -7.5 -5.4 -1.4 -4.3 -4.2 -10.3
Inflation ratio* 15,0 18.1 18.1 14.5 15.6 19.9
Current balance, grants included* 1.8 1.4 0.3 -3,0 -6.7 -7.5
Overall debt* 61.7 62.5 52.5 60.1 69.8 70.9

Sources : BCEAO, February 2020. except overall debt (IMF, Regional Economic Outlook : sub-Saharan Africa, April 2020) * in % of GDP 

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InstrumentAdditional detailsDate of operationValue dateDeadlineAmount(millions of FCFA)More infoStatus
T-Bill Bons Covid-1906/08/202007/08/202005/11/202010 000More info | CompletedrealizedGuinée Bissau 06/08/2020
T-Bill
SI (Security 1)
23/06/2020----10 000More info
canceled | Completed

canceled
SI - Guinée Bissau 23/06/2020
T-Bill
SI (Security 2)
23/06/2020----10 000More info
canceled | Completed

canceled
SI - Guinée Bissau 23/06/2020
T-Bond
SI (Security 3)
15/09/202016/09/202016/09/202310 000More info | CompletedrealizedSI - Guinée Bissau 15/09/2020
T-Bond
SI (Security 4)
15/09/202016/09/202016/09/202510 000More info | CompletedrealizedSI - Guinée Bissau 15/09/2020
T-Bond 28/07/202029/07/202029/07/202310 000More info | CompletedrealizedGuinée Bissau 28/07/2020
T-Bill 28/04/201629/04/201627/10/201612 000More info | CompletedrealizedGuinée Bissau 28/04/2016
T-Bill 25/10/201626/10/201623/10/201813 000More info | CompletedrealizedGuinée Bissau 25/10/2016
T-Bond 22/04/202023/04/202023/04/202310 000More info | CompletedrealizedGuinée Bissau 22/04/2020
T-Bond 11/06/201912/06/201912/06/202210 000More info | CompletedrealizedGuinée Bissau 11/06/2019
T-Bond 12/03/201913/03/201913/03/20226 000More info | CompletedrealizedGuinée Bissau 12/03/2019
T-Bill 07/04/202008/04/202006/04/202110 000More info | CompletedrealizedGuinée Bissau 07/04/2020
T-Bill 02/04/201903/04/201931/03/20208 000More info | CompletedrealizedGuinée Bissau 02/04/2019
T-Bill 05/02/201906/02/201904/02/20206 000More info | CompletedrealizedGuinée Bissau 05/02/2019
T-Bill Bons COVID-1907/05/202008/05/202006/08/202015 000More info | CompletedrealizedGuinée Bissau 07/05/2020
T-Bill 09/06/202010/06/202008/12/20205 000More info | CompletedrealizedGuinée Bissau 09/06/2020
T-Bond 08/11/201809/11/201809/11/20215 000More info | CompletedrealizedGuinée Bissau 08/11/2018
T-Bond 28/08/201829/08/201829/08/20216 000More info | CompletedrealizedGuinée Bissau 28/08/2018
T-Bond 06/10/201709/10/201711/04/20205 000More info | CompletedrealizedGuinée Bissau 06/10/2017
T-Bond 11/07/201612/07/201612/07/201911 000More info | CompletedrealizedGuinée Bissau 11/07/2016
T-Bill 15/07/201516/07/201513/07/201610 000More info | CompletedrealizedGuinée Bissau 15/07/2015
T-Bill 14/04/201515/04/201511/04/201715 000More info | CompletedrealizedGuinée Bissau 14/04/2015
T-Bill 22/07/201423/07/201421/07/201515 000More info | CompletedrealizedGuinée Bissau 22/07/2014
T-Bill 20/12/201821/12/201820/06/201910 000More info | CompletedrealizedGuinée Bissau 20/12/2018
T-Bill 25/09/201826/09/201824/09/20195 000More info | CompletedrealizedGuinée Bissau 25/09/2018
T-Bill 13/02/201814/02/201812/02/20196 000More info | CompletedrealizedGuinée Bissau 13/02/2018
T-Bill 22/02/201723/02/201721/02/201813 000More info | CompletedrealizedGuinée Bissau 22/02/2017
T-Bill
SI (Security 5)
18/02/202019/02/202019/05/202010 000More info | CompletedrealizedSI - Guinée Bissau 18/02/2020
T-Bill
SI (Security 6)
18/02/202019/02/202016/02/202110 000More info | CompletedrealizedSI - Guinée Bissau 18/02/2020
T-Bond
SI (Security 7)
24/03/202025/03/202030/01/202310 000More info | CompletedrealizedSI - Guinée Bissau 24/03/2020
T-Bond
SI (Security 8)
24/03/202025/03/202030/01/202510 000More info | CompletedrealizedSI - Guinée Bissau 24/03/2020
T-Bond
SI (Security 9)
29/01/202030/01/202030/01/202310 000More info | CompletedrealizedSI - Guinée Bissau 29/01/2020
T-Bond
SI (Security 10)
29/01/202030/01/202030/01/202510 000More info | CompletedrealizedSI - Guinée Bissau 29/01/2020
T-Bond
SI (Security 11)
08/10/201909/10/201918/09/202215 000More info | CompletedrealizedSI - Guinée Bissau 08/10/2019
T-Bond
SI (Security 12)
08/10/201909/10/201909/10/202415 000More info | CompletedrealizedSI - Guinée Bissau 08/10/2019
T-Bond
SI (Security 13)
17/09/201918/09/201918/09/202210 000More info | CompletedrealizedSI - Guinée Bissau 17/09/2019
T-Bond
SI (Security 14)
17/09/201918/09/201918/09/202410 000More info | CompletedrealizedSI - Guinée Bissau 17/09/2019
T-Bill
SI (Security 15)
05/04/201806/04/201804/04/201910 000More info | CompletedrealizedSI - Guinée Bissau 05/04/2018
T-Bond
SI (Security 16)
05/04/201806/04/201806/04/202110 000More info | CompletedrealizedSI - Guinée Bissau 05/04/2018
T-Bill
SI (Security 17)
10/04/201711/04/201709/10/201716 500More info | CompletedrealizedSI - Guinée Bissau 10/04/2017
T-Bill
SI (Security 18)
10/04/201711/04/201709/04/201816 500More info | CompletedrealizedSI - Guinée Bissau 10/04/2017
T-Bond
SI (Security 19)
10/04/201711/04/201711/04/202016 500More info | CompletedrealizedSI - Guinée Bissau 10/04/2017