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.
External borrowing, net in Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1986 | 40.50 billion current LCU | — |
| 1987 | 37.60 billion current LCU | -7.2% |
| 1988 | 58.50 billion current LCU | +55.6% |
| 1989 | 50.40 billion current LCU | -13.8% |
| 1990 | 37.40 billion current LCU | -25.8% |
| 1991 | 29.10 billion current LCU | -22.2% |
| 1992 | 43.90 billion current LCU | +50.9% |
| 1993 | 96.10 billion current LCU | +118.9% |
| 1994 | -9.20 billion current LCU | -109.6% |
| 1995 | 62.70 billion current LCU | -781.5% |
| 1996 | 45.50 billion current LCU | -27.4% |
| 1997 | 171.60 billion current LCU | +277.1% |
| 1998 | 77.70 billion current LCU | -54.7% |
| 1999 | 115.20 billion current LCU | +48.3% |
| 2000 | 115.75 billion current LCU | +0.5% |
| 2001 | 244.54 billion current LCU | +111.3% |
| 2002 | 101.67 billion current LCU | -58.4% |
| 2003 | 67.29 billion current LCU | -33.8% |
| 2004 | 148.27 billion current LCU | +120.4% |
| 2005 | 42.39 billion current LCU | -71.4% |
| 2006 | -112.02 billion current LCU | -364.3% |
| 2007 | 44.40 billion current LCU | -139.6% |
| 2008 | 107.74 billion current LCU | +142.6% |
| 2009 | -35.68 billion current LCU | -133.1% |
| 2010 | 60.39 billion current LCU | -269.3% |
| 2011 | -238.46 billion current LCU | -494.9% |
Guinea compared with similar countries
- Guinea's -238.46 billion current LCU is below the median for lower middle income countries, which is 3.27 billion current LCU. (24 countries reporting)
- Guinea's -238.46 billion current LCU is below the median for Sub-Saharan Africa, which is 9.40 billion current LCU. (45 countries reporting)
Biggest year-on-year movements
Years where External borrowing, net in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +781.5% | -9.20 billion current LCU | 62.70 billion current LCU |
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
- 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 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.