Real Gross Domestic Product for Guinea-Bissau
GNBNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
418.39%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real Gross Domestic Product for Guinea-Bissau is a key indicator of the country's economic performance, reflecting the total value of goods and services produced adjusted for inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the inflation-adjusted total economic output of Guinea-Bissau, providing a comprehensive measure of the nation's economic activity and growth over time. It is a crucial metric used by economists and policymakers to assess the overall health of the Guinean economy.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Trends in Guinea-Bissau's real GDP are closely monitored by international institutions and investors to gauge the country's economic stability and development.
Key Facts
- Guinea-Bissau is a small country in West Africa with a population of around 1.9 million.
- The country's economy is heavily dependent on agriculture, particularly cashew nuts and fishing.
- Real GDP growth in Guinea-Bissau has been volatile, ranging from -1.5% to 5.9% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product for Guinea-Bissau measures the total value of goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Guinea-Bissau's economic performance and growth, providing important insights for policymakers, investors, and analysts studying the West African economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data for Guinea-Bissau.
Q: How is this trend used in economic policy?
A: Trends in Guinea-Bissau's real GDP are closely monitored by international institutions and investors to gauge the country's economic stability and development, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The real GDP data for Guinea-Bissau may be subject to periodic revisions and can have longer publication delays compared to more developed economies.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for Guinea-Bissau (GNBNGDPRPCPPPT), retrieved from FRED.