Guinea: Government debt

* indicates monthly or quarterly data series
 Guinea

Government debt as percent of GDP

 Latest value 40.31
 Year 2023
 Measure percent
 Data availability 1990 - 2023
 Average 62.44
 Min - Max 27.18 - 97.92
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Guinea from 1990 to 2023. The average value for Guinea during that period was 62.44 percent with a minimum of 27.18 percent in 2012 and a maximum of 97.92 percent in 2005. The latest value from 2023 is 40.31 percent. For comparison, the world average in 2023 based on 47 countries is 70.34 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Guinea - Government debt - Recent values chart

Historical chart
Guinea - Government debt - historical chart - 1990-2023




The government debt in Guinea and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 16.59 2022 percent
 Government spending, in dollars 3.48 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -1.30 2022 percent
 Government debt 40.31 2023 percent
 Tax revenue 10.84 1992 percent
 Commercial tax rate 69.30 2019 percent
 Tax preparation time 400 2019 hours
 Number of taxes 33 2019 taxes
 Taxes on goods and services 20.48 1992 percent
 Taxes on international trade 35.79 1992 percent
 Income and profits taxes 10.99 1992 percent
 Foreign aid 586.66 2021 million U.S. dollars
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