Estimates show that Guinea Bissau is expected to grow by 3.8 percent in 2021, a recovery from the -1.4 percent in 2020. Inflation is estimated at 3.3 percent in 2021, up from 1.5 percent in 2020, due to higher fuel and food prices. The current account deficit reached 3.3 percent of GDP in 2021 compared to 2.6 percent of GDP in 2020. Under the SDR allocation, Guinea-Bissau received 22.7 million (US$31.8 million). (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Guinea Bissau is a member of the West African Economic and Monetary Union (UEMOA) and is a member of the Bourse Régional des Valeurs Mobilières (BRVM), a stock exchange common to all eight (8) countries of the union. At the end of December 2022, the BRVM had 46 listed companies representing a market capitalization of $12.2 billion. Foreign direct investment flows to Guinea Bissau grew successively during the 2017-2019 period, and after a 71% contraction in 2020, these flows reached $23.8 million in 2021, an increase of 13%.
