External debt, end year in Guinea
Guinea: External debt, end year was 2.53 billion current US$ in 2008. ▼ Falling
External debt, end year in Guinea, 1991–2008
Source: World Bank country economists. Measured in current US$.
Analysis
Guinea recorded 2.53 billion current US$ for external debt, end year in 2008. That is the lowest value across all 18 years on record.
Compared with earlier readings it is down 16.1% over ten years.
Over the whole period, external debt, end year in Guinea peaked at 3.14 billion current US$ in 1997 and was at its lowest, 2.53 billion current US$, in 2007.
That places Guinea 19th out of 42 countries with data for 2008, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
External debt, end year in Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1991 | 2.57 billion current US$ | — |
| 1992 | 2.58 billion current US$ | +0.7% |
| 1993 | 2.79 billion current US$ | +7.9% |
| 1994 | 3.04 billion current US$ | +8.9% |
| 1995 | 3.05 billion current US$ | +0.4% |
| 1996 | 3.07 billion current US$ | +0.8% |
| 1997 | 3.14 billion current US$ | +2.2% |
| 1998 | 3.02 billion current US$ | -3.8% |
| 1999 | 2.98 billion current US$ | -1.4% |
| 2000 | 2.86 billion current US$ | -4.0% |
| 2001 | 2.84 billion current US$ | -0.6% |
| 2002 | 2.79 billion current US$ | -1.8% |
| 2003 | 2.78 billion current US$ | -0.3% |
| 2004 | 2.72 billion current US$ | -2.4% |
| 2005 | 2.66 billion current US$ | -2.1% |
| 2006 | 2.60 billion current US$ | -2.4% |
| 2007 | 2.53 billion current US$ | -2.4% |
| 2008 | 2.53 billion current US$ | +0.0% |
Guinea compared with similar countries
- Guinea's 2.53 billion current US$ is above the median for Sub-Saharan Africa, which is 1.39 billion current US$, 1.8× the median. (38 countries reporting)
- Guinea's 2.53 billion current US$ is above the median for lower middle income countries, which is 2.53 billion current US$, 1.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.91 billion current US$ | 2.57 billion current US$ | 3.14 billion current US$ | 9 |
| 2000s | 2.70 billion current US$ | 2.53 billion current US$ | 2.86 billion current US$ | 9 |
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 debt, end year in Guinea?
- External debt, end year in Guinea was 2.53 billion current US$ in 2008, according to World Bank country economists.
- What is the highest external debt, end year recorded in Guinea?
- The highest recorded value was 3.14 billion current US$ in 1997.
- What is the lowest external debt, end year recorded in Guinea?
- The lowest recorded value was 2.53 billion current US$ in 2007.
- How does Guinea rank for external debt, end year?
- Guinea ranks 19th out of 42 countries with data for 2008.
- Is external debt, end year rising or falling in Guinea?
- Over the last ten years it is down 16.1%. The long-run trend across the full record is falling.
- Where does this Guinea data come from?
- The figures come from World Bank country economists, published as part of External debt, end year (current US$). Statizoid updates them automatically from the source API.
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About this data
Foreign debt consists of the outstanding stock or recognized, direct liabilities of the government to the rest of the world, generated in the past and scheduled to be extinguished by government operations in the future or to continue as perpetual debt. Data are in current U.S. dollars.