The African Development Bank (AfDB), analyzed the economic and financial situation of Guinea Bissau in its report on the “African Economic Outlook”.

The ADB indicated in its report that the activity was resilient in 2023 with a gross domestic product (GDP) growth rate of 4.3% against 4.2% in 2022 driven by the renewed dynamism of the primary sector thanks in particular to good rice production. Growth has been driven by investment. Higher food prices and international rice prices pushed inflation to 7.2% in 2023, up from 6.9% in 2022. Through its report, the AfDB forecasts that “economic growth should consolidate to 4.7% in 2024 and 5.2% in 2025, thanks to continued investments, governance reforms aimed at improving the business environment and the normalization of cashew nut exports. Inflation is expected to fall to 5.4% in 2024 and 3.1% in 2025, in response to the continued tightening of monetary policy by the Central Bank of West African States ”. The budget deficit would decrease to 3.6% of GDP in 2024 and 3.2% in 2025, thanks to the government's commitment to accelerate measures to control the wage bill and increase tax revenues. For its part, the current account deficit would improve to 5.2% of GDP in 2024 and to 3.3% in 2025 thanks to the resumption of cashew nut exports