Subsidies in Guinea
Guinea: Subsidies was 1.25 trillion GFS, current LCU in 2011. ◆ Volatile
Subsidies in Guinea, 1986–2011
Source: World Bank country economists. Measured in GFS, current LCU.
Analysis
In 2011, subsidies in Guinea stood at 1.25 trillion GFS, current LCU. That is the highest value across all 26 years on record.
The figure is up 34.7% on the previous year and up 407.0% over ten years.
Over the whole period, subsidies in Guinea peaked at 1.25 trillion GFS, current LCU in 2011 and was at its lowest, 8.10 billion GFS, current LCU, in 1986.
Guinea ranks 2nd of 47 countries on this measure, in the top 10%.
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 | 17.00 billion GFS, current LCU | 8.10 billion GFS, current LCU | 24.40 billion GFS, current LCU | 4 |
| 1990s | 36.03 billion GFS, current LCU | 17.24 billion GFS, current LCU | 70.70 billion GFS, current LCU | 10 |
| 2000s | 322.30 billion GFS, current LCU | 97.60 billion GFS, current LCU | 724.72 billion GFS, current LCU | 10 |
| 2010s | 1.09 trillion GFS, current LCU | 925.94 billion GFS, current LCU | 1.25 trillion GFS, 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 subsidies in Guinea?
- Subsidies in Guinea was 1.25 trillion GFS, current LCU in 2011, according to World Bank country economists.
- What is the highest subsidies recorded in Guinea?
- The highest recorded value was 1.25 trillion GFS, current LCU in 2011.
- What is the lowest subsidies recorded in Guinea?
- The lowest recorded value was 8.10 billion GFS, current LCU in 1986.
- How does Guinea rank for subsidies?
- Guinea ranks 2nd out of 47 countries with data for 2011.
- Is subsidies rising or falling in Guinea?
- Over the last ten years it is up 407.0%. 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 Subsidies (GFS, current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units make to enterprises, resident producers and importers. Subsidies may be designed to influence enterprises level or type of production, or the prices at which the products are sold. (Capital grants are in the national accounts classified as capital transfers.) Subsidies consists of ‘subsidies on products’, subsidies payable per unit of a good or a service, and ‘other subsidies on production’, which cover all other subsidies enterprises receives as a consequence of engaging in production. Data are in current local currency.