Defense expenditure in Guinea-Bissau

Guinea-Bissau: Defense expenditure was 6.31 billion current LCU in 2008. ◆ Volatile

Latest (2008)
6.31 billion current LCU
Change on year
down 8.7%
World rank
14th
of 29 countries
All-time high
6.91 billion current LCU
in 2007
All-time low
0 current LCU
in 1984
Years of data
16
1984–2008

Defense expenditure in Guinea-Bissau, 1984–2008

02.0B4.0B6.0B1984199620081984: 0 current LCU1985: 0 current LCU1986: 0 current LCU1987: 33.4M current LCU1988: 49.5M current LCU1989: 123.5M current LCU1990: 119.2M current LCU1991: 164.8M current LCU1992: 194.2M current LCU1993: 305.6M current LCU1994: 400.0M current LCU1995: 615.4M current LCU1996: 769.2M current LCU2006: 6.8B current LCU2007: 6.9B current LCU2008: 6.3B current LCU

Source: World Bank country economists. Measured in current LCU.

Analysis

The most recent figure for defense expenditure in Guinea-Bissau is 6.31 billion current LCU, measured in 2008.

The figure is down 8.7% on the previous year and up 720.2% over ten years.

Over the whole period, defense expenditure in Guinea-Bissau peaked at 6.91 billion current LCU in 2007 and was at its lowest, 0 current LCU, in 1984.

Guinea-Bissau ranks 14th of 29 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 34.39 million current LCU 0 current LCU 123.51 million current LCU 6
1990s 366.93 million current LCU 119.22 million current LCU 769.23 million current LCU 7
2000s 6.68 billion current LCU 6.31 billion current LCU 6.91 billion current LCU 3

Countries ranked near Guinea-Bissau

  1. 11 Mali 21.15 billion current LCU compare
  2. 12 Angola 19.00 billion current LCU compare
  3. 13 Central African Republic 7.35 billion current LCU compare
  4. 15 Ethiopia 4.00 billion current LCU compare
  5. 16 Burundi 3.40 billion current LCU compare
  6. 17 Comoros 1.55 billion current LCU compare

See the full ranking of 29 places →

More science & technology data for Guinea-Bissau

All data for Guinea-Bissau →

Frequently asked questions

What is defense expenditure in Guinea-Bissau?
Defense expenditure in Guinea-Bissau was 6.31 billion current LCU in 2008, according to World Bank country economists.
What is the highest defense expenditure recorded in Guinea-Bissau?
The highest recorded value was 6.91 billion current LCU in 2007.
What is the lowest defense expenditure recorded in Guinea-Bissau?
The lowest recorded value was 0 current LCU in 1984.
How does Guinea-Bissau rank for defense expenditure?
Guinea-Bissau ranks 14th out of 29 countries with data for 2008.
Is defense expenditure rising or falling in Guinea-Bissau?
Over the last ten years it is up 720.2%. The long-run trend across the full record is volatile.
Where does this Guinea-Bissau data come from?
The figures come from World Bank country economists, published as part of Defense expenditure (current LCU). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Defense expenditure (current LCU)
Unit
current LCU
Source
World Bank country economists
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
29 places, 425 data points, 1967–2011
Last refreshed

Defense expenditures for NATO countries are based on the NATO definition, which covers military-related expenditures of the defense ministry (including recruiting, training, construction, and the purchase of military supplies and equipment) and other ministries. Civilian-type expenditures of the defense ministry are excluded. Military assistance is included in the expenditures of the donor country, and purchases of military equipment on credit are included at the time the debt is incurred, not at the time of payment. Data for other countries generally cover expenditures of the ministry of defense (excluded are expenditures on public order and safety, which are classified separately). Data are in current local currency.