Guinea recorded a government debt equivalent to 18 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Guinea averaged 56.14 percent from 2003 until 2018, reaching an all time high of 113 percent in 2006 and a record low of 16.40 percent in 2017. This page provides - Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Government Debt to GDP - values, historical data and charts - was last updated on September of 2020.

Government Debt to GDP in Guinea is expected to reach 45.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Government Debt to GDP is projected to trend around 38.00 percent in 2021 and 35.00 percent in 2022, according to our econometric models.

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Guinea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
18.00 16.40 113.00 16.40 2003 - 2018 percent Yearly

Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 18.00 16.40 113.00 16.40 percent [+]
Government Budget -4.40 -2.20 0.50 -13.90 percent of GDP [+]
Military Expenditure 192.00 199.00 213.40 59.90 USD Million [+]
Credit Rating 15.00 [+]

Guinea Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.