Guinea recorded a government debt equivalent to 18 percent of the country's Gross Domestic Product in 2018. source: Central Bank of Republic of Guinea

Government Debt to GDP in Guinea averaged 56.14 percent from 2003 until 2018, reaching an all time high of 113 percent in 2006 and a record low of 16.40 percent in 2017. This page provides - Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Government Debt to GDP - values, historical data and charts - was last updated on July of 2021.

Government Debt to GDP in Guinea is expected to reach 43.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Government Debt to GDP is projected to trend around 42.00 percent of GDP in 2022 and 37.00 percent of GDP in 2023, according to our econometric models.

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Guinea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
34.30 19.70 113.00 16.00 2003 - 2019 percent of GDP Yearly

Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.30 19.70 113.00 16.00 percent of GDP [+]
Government Budget -3.10 -0.50 0.50 -13.90 percent of GDP [+]
Military Expenditure 201.00 198.00 249.20 26.30 USD Million [+]
Government Spending 17336.00 15579.00 17336.00 10920.00 GNF Billion [+]
Credit Rating 15.00 [+]

Guinea Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.