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.
Subsidies in Guinea, year by year
| Year | GFS, current LCU | Change |
|---|---|---|
| 1986 | 8.10 billion GFS, current LCU | — |
| 1987 | 14.00 billion GFS, current LCU | +72.8% |
| 1988 | 21.50 billion GFS, current LCU | +53.6% |
| 1989 | 24.40 billion GFS, current LCU | +13.5% |
| 1990 | 17.24 billion GFS, current LCU | -29.3% |
| 1991 | 18.00 billion GFS, current LCU | +4.4% |
| 1992 | 22.60 billion GFS, current LCU | +25.6% |
| 1993 | 21.10 billion GFS, current LCU | -6.6% |
| 1994 | 24.90 billion GFS, current LCU | +18.0% |
| 1995 | 40.20 billion GFS, current LCU | +61.4% |
| 1996 | 38.30 billion GFS, current LCU | -4.7% |
| 1997 | 54.30 billion GFS, current LCU | +41.8% |
| 1998 | 53.00 billion GFS, current LCU | -2.4% |
| 1999 | 70.70 billion GFS, current LCU | +33.4% |
| 2000 | 97.60 billion GFS, current LCU | +38.0% |
| 2001 | 246.08 billion GFS, current LCU | +152.1% |
| 2002 | 224.01 billion GFS, current LCU | -9.0% |
| 2003 | 263.21 billion GFS, current LCU | +17.5% |
| 2004 | 260.43 billion GFS, current LCU | -1.1% |
| 2005 | 246.66 billion GFS, current LCU | -5.3% |
| 2006 | 397.49 billion GFS, current LCU | +61.1% |
| 2007 | 374.80 billion GFS, current LCU | -5.7% |
| 2008 | 387.96 billion GFS, current LCU | +3.5% |
| 2009 | 724.72 billion GFS, current LCU | +86.8% |
| 2010 | 925.94 billion GFS, current LCU | +27.8% |
| 2011 | 1.25 trillion GFS, current LCU | +34.7% |
Guinea compared with similar countries
- Guinea's 1.25 trillion GFS, current LCU is above the median for Sub-Saharan Africa, which is 711.79 million GFS, current LCU, 1752.7× the median. (43 countries reporting)
- Guinea's 1.25 trillion GFS, current LCU is above the median for lower middle income countries, which is 2.21 billion GFS, current LCU, 564.0× the median. (21 countries reporting)
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
- 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 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.