Defense expenditure in Guinea
Guinea: Defense expenditure was 170.00 billion current LCU in 2003. ▲ Rising
Defense expenditure in Guinea, 1999–2003
Source: World Bank country economists. Measured in current LCU.
Analysis
Guinea recorded 170.00 billion current LCU for defense expenditure in 2003.
Compared with earlier readings it is down 12.3% on the previous year and up 121.9% over five years.
Guinea ranks 5th of 29 countries on this measure, in the top quarter.
Defense expenditure in Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1999 | 76.61 billion current LCU | — |
| 2000 | 80.25 billion current LCU | +4.8% |
| 2001 | 171.14 billion current LCU | +113.2% |
| 2002 | 193.80 billion current LCU | +13.2% |
| 2003 | 170.00 billion current LCU | -12.3% |
Guinea compared with similar countries
- Guinea's 170.00 billion current LCU is above the median for Sub-Saharan Africa, which is 5.15 billion current LCU, 33.0× the median. (28 countries reporting)
- Guinea's 170.00 billion current LCU is above the median for lower middle income countries, which is 1.55 billion current LCU, 109.7× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 76.61 billion current LCU | 76.61 billion current LCU | 76.61 billion current LCU | 1 |
| 2000s | 153.80 billion current LCU | 80.25 billion current LCU | 193.80 billion current LCU | 4 |
Countries ranked near Guinea
- 2 Uganda 489.22 billion current LCU compare
- 3 Madagascar 312.90 billion current LCU compare
- 4 Cote d'Ivoire 198.80 billion current LCU compare
- 6 Zambia 94.57 billion current LCU
- 7 Tanzania 85.00 billion current LCU
- 8 Gabon 58.00 billion current LCU compare
More science & technology data for Guinea
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2023)
- Mobile landline subscriptions, gaps filled 97.88 (2023)
- Mobile cellular subscriptions by country, per capita 0.9788 units per person (2023)
- Mobile cellular subscriptions by country, per unit of GDP 0.0006 units per US$ of GDP (2023)
- Mobile cellular subscriptions by country, gaps filled 14.10 million (2023)
- Mobile cellular subscriptions by country, per square kilometre 57.38 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate 2.69 % change on previous year (2023)
- Mobile cellular subscriptions by country, annual growth rate 5.25 % change on previous year (2023)
- Scientific and technical journal articles 54.9 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is defense expenditure in Guinea?
- Defense expenditure in Guinea was 170.00 billion current LCU in 2003, according to World Bank country economists.
- What is the highest defense expenditure recorded in Guinea?
- The highest recorded value was 193.80 billion current LCU in 2002.
- What is the lowest defense expenditure recorded in Guinea?
- The lowest recorded value was 76.61 billion current LCU in 1999.
- How does Guinea rank for defense expenditure?
- Guinea ranks 5th out of 29 countries with data for 2003.
- Where does this Guinea 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.
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About this data
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.