The Cost of Living Index is 39 (NYC=100) for 2025, indicating that Guinea-Bissau is very affordable. Monthly groceries for one person can range from $90 (local-based) to $200 (mixed with imports), and a casual restaurant meal costs $2–$6.

The rental market is very affordable, with a Rent Index of 8.71 (NYC=100). Furnished two-bedroom apartments in Bissau can range from $400–$700/month, while basic unfurnished one-bedroom rentals start at $150–$300/month. Property price to income ratio data is unavailable, but housing is generally considered highly affordable.

The average gross monthly salary is approximately $145–$180 (CFA 90,000–110,000) as of early 2026, with a minimum wage of about $90 (CFA 50,000) per month. The GDP per capita (PPP) is $2,955, indicating very low purchasing power compared to global standards.

Guinea-Bissau has a progressive income tax system with rates ranging from 0% to 20%. A Value-Added Tax (VAT) system was implemented on January 1, 2025, with a standard rate of 19% and a reduced rate of 10% for essential goods and services. Property transfer tax is 5%.

Guinea-Bissau is ranked 174 out of 190 economies for ease of doing business (2019) and 167th in the 2025 Index of Economic Freedom, categorized as 'repressed'. The business environment is challenging due to political instability, weak institutions, and high dependence on cashew exports.

Guinea-Bissau has a social insurance system covering old age, disability, and survivors, along with cash sickness and medical benefits. However, coverage is very limited, with only about 10-15% of the population having access to formal social security benefits and pensions covering only 2.9% of the labor force. The system faces significant funding and administrative challenges.

Deposits are protected up to 1,400,000 FCFA (approximately USD 2,506) per depositor for credit institutions under the Deposit Guarantee and Resolution Fund (FGDR-UMOA) of the West African Economic and Monetary Union (WAEMU). The banking sector is considered fragile, though non-performing loans have decreased.