Guinea-Bissau - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Guinea-Bissau was 5.13 as of 2020. Its highest value over the past 52 years was 100.00 in 1973, while its lowest value was 1.15 in 2011.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1968 100.00
1970 90.63
1971 94.44
1972 92.00
1973 100.00
1974 93.66
1975 79.45
1976 79.49
1977 68.71
1978 55.58
1979 66.64
1980 81.17
1981 82.61
1982 91.12
1983 78.04
1984 85.71
1985 55.90
1986 58.71
1987 84.04
1988 63.68
1989 74.22
1990 55.57
1991 24.81
1992 53.20
1993 58.84
1994 55.33
1995 56.51
1996 80.23
1997 43.42
1998 55.82
1999 46.15
2000 83.24
2001 27.01
2002 26.87
2003 46.90
2004 12.62
2005 13.03
2006 17.25
2007 2.08
2008 3.26
2009 2.77
2010 2.27
2011 1.15
2012 5.32
2013 1.55
2014 2.82
2015 2.81
2016 4.49
2017 1.28
2018 4.34
2019 30.73
2020 5.13

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports