Guinea-Bissau Economic Update, Spring 2025: Unpacking Tax Performance in Guinea-Bissau

Type:

Book

Published:

2025

Publisher:

Washington, DC: World Bank

Guinea-Bissau’s economy remained resilient in 2024, despite a challenging cashew campaign, with GDP growth reaching 4.8 percent. Activity in the primary sector was affected by a reduction in cashew production due to adverse weather conditions and lingering effects from the poor 2023 marketing campaign. However, this was partially offset by a more than doubling in farmgate prices for cashews producers and improved subsistence agriculture output. The secondary sector output showed positive signs as well, growing by 8 percent between 2023 and 2024, driven by a rise in the manufacturing sector (particularly in the agri-food industry) and construction activities linked to major infrastructure projects. Growth in the services sector was strong (+4.2 percent y/y) driven by retail and hospitality activities.

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