Chinese overseas lending / GNB
Guinea-Bissau: debt owed to China
In 2021, Guinea-Bissau is estimated to have owed China $11m, equal to 0.6% of its GDP, which ranks it 120 of 126 borrowers in the panel by dollars owed. The estimated stock peaked at $11m in 2021.
The estimated stock, 2000 to 2021
The largest single-year move in the estimated stock is 2011, when it rose by $2.53m.
Source: Horn, Reinhart and Trebesch, China’s Overseas Lending. Selection: estimated stock owed to China by Guinea-Bissau, by year and instrument, 2000 to 2021. Zeros are estimated zeros (no known loans outstanding), not missing values. Methodology
Against what Guinea-Bissau reports owing to all creditors
Guinea-Bissau reported $1.26bn of total external debt to all creditors in 2021, of which $1.12bn is public and publicly guaranteed. The China estimate is 0.9% of the reported external total and 1.0% of the reported public and guaranteed stock. These are ratios of two different measurements, one estimated and one borrower-reported, and they are not a share of a single consistent total.
| Measure, 2021 | Estimated, owed China | Reported, all creditors | Ratio, % |
|---|---|---|---|
| Total external debt | $11m | $1.26bn | 0.9% |
| Public and publicly guaranteed | $11m | $1.12bn | 1.0% |
Source: Horn, Reinhart and Trebesch, China’s Overseas Lending (estimated stocks), and World Bank International Debt Statistics, borrower-reported via the Debtor Reporting System (all-creditor stocks). Selection: estimated external and PPG stock owed to China in 2021 against Guinea-Bissau's reported DT.DOD.DECT.CD and DT.DOD.DPPG.CD for the same year. Drawn swap balances are excluded from the estimated column: they are a central-bank liability the Debtor Reporting System's long-term-debt concepts do not carry. Methodology