External borrowing, net in Guinea
Guinea: External borrowing, net was -238.46 billion current LCU in 2011. ◆ Volatile
External borrowing, net in Guinea, 1986–2011
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for external borrowing, net in Guinea is -238.46 billion current LCU, measured in 2011. That is the lowest value across all 26 years on record.
That represents a change of down 494.9% on the previous year and down 197.5% over ten years.
Over the whole period, external borrowing, net in Guinea peaked at 244.54 billion current LCU in 2001 and was at its lowest, -238.46 billion current LCU, in 2011.
Guinea ranks 49th of 50 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 46.75 billion current LCU | 37.60 billion current LCU | 58.50 billion current LCU | 4 |
| 1990s | 67.00 billion current LCU | -9.20 billion current LCU | 171.60 billion current LCU | 10 |
| 2000s | 72.43 billion current LCU | -112.02 billion current LCU | 244.54 billion current LCU | 10 |
| 2010s | -89.03 billion current LCU | -238.46 billion current LCU | 60.39 billion current LCU | 2 |
Countries ranked near Guinea
More science & technology data for Guinea
- Scientific and technical journal articles 54.9 (2023)
- Mobile phone subscriptions 14.10 million (2023)
- Mobile phone subscriptions per 100 people 97.88 per 100 people (2023)
- Mobile and landline phone subscriptions per 100 people 97.88 per 100 people (2023)
- Share of the population using the Internet 33.3% (2024)
- Number of people using the Internet 3.92 million users (2021)
- Landline Internet subscriptions per 100 people 0.0063 per 100 people (2022)
- Landline Internet subscriptions 882 (2022)
- Landline Internet subscriptions per 100 people, by download speed 0.01 per 100 population (2022)
- Net official development assistance to medical research and basic health sectors 79.78 million millions of constant united states dollars (2023)
Frequently asked questions
- What is external borrowing, net in Guinea?
- External borrowing, net in Guinea was -238.46 billion current LCU in 2011, according to World Bank country economists.
- What is the highest external borrowing, net recorded in Guinea?
- The highest recorded value was 244.54 billion current LCU in 2001.
- What is the lowest external borrowing, net recorded in Guinea?
- The lowest recorded value was -238.46 billion current LCU in 2011.
- How does Guinea rank for external borrowing, net?
- Guinea ranks 49th out of 50 countries with data for 2011.
- Is external borrowing, net rising or falling in Guinea?
- Over the last ten years it is down 197.5%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from World Bank country economists, published as part of External borrowing, net (current LCU). Statizoid updates them automatically from the source API.
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About this data
Financing from abroad (obtained from nonresidents) refer to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. It includes all government liabilities--other. Data are in current local currency.