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.

Government Debt to GDP in Guinea is expected to be 22.00 percent by the end of this quarter, 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 23.00 percent in 2020, according to our econometric models.

Guinea Government Debt to GDP
Forecast Data Chart
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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. This page provides - Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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

Country Last Previous
Japan 238.20 Dec/18
Italy 134.80 Dec/18
Singapore 112.20 Dec/18
United States 106.10 Dec/18
France 98.40 Dec/18
Spain 97.10 Dec/18
Canada 89.70 Dec/18
Argentina 86.20 Dec/18
Euro Area 85.10 Dec/18
United Kingdom 84.70 Dec/18
Brazil 77.22 Dec/18
India 68.30 Dec/18
Germany 60.90 Dec/18
South Africa 55.80 Dec/18
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Mexico 46.00 Dec/18
Australia 40.70 Dec/18
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Switzerland 27.70 Dec/18
Saudi Arabia 19.10 Dec/18
Russia 13.50 Dec/17