The authorities of Guinea-Bissau indicated on Thursday, November 24, 2022, that Guinea-Bissau's Gross Domestic Product (GDP) will grow by 4.7% this year.

A press release issued by the Ministry of Finance pointed out that the growth is explained by the fact that sectoral contributions “amount to 1.9% for the primary sector, 0.7% for the secondary sector, and 2.1% for the tertiary sector.” According to this source, “total revenue, including donations, will increase by 14.7% in 2022.” He noted that this performance was linked to “tax revenue gains with an expected growth of 9.3% “, thanks to tax reforms likely to generate more substantial gains.

For the finance minister, while net exports will fall by 14.3% in 2022, final consumption will increase by 3.1% and investment by 14.1% on the other hand.