Short-term debt in Guinea
Guinea: Short-term debt was 3.2% in 2024. ◆ Volatile
Short-term debt in Guinea, 1986–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, short-term debt in Guinea stood at 3.2%.
That represents a change of up 27.2% on the previous year and up 10.0% over ten years.
Over the whole period, short-term debt in Guinea peaked at 54.3% in 1997 and was at its lowest, 1.4%, in 2009.
Guinea ranks 91st of 119 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Guinea, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1986 | 16.3% | — |
| 1987 | 22.8% | +39.6% |
| 1988 | 30.4% | +33.6% |
| 1989 | 20.6% | -32.2% |
| 1990 | 20.4% | -0.9% |
| 1991 | 20.0% | -2.3% |
| 1992 | 18.0% | -9.9% |
| 1993 | 16.5% | -8.2% |
| 1994 | 21.9% | +32.3% |
| 1995 | 22.1% | +1.3% |
| 1996 | 22.3% | +0.9% |
| 1997 | 54.3% | +143.2% |
| 1998 | 35.7% | -34.2% |
| 1999 | 36.6% | +2.4% |
| 2000 | 39.3% | +7.6% |
| 2001 | 24.6% | -37.5% |
| 2002 | 35.0% | +42.3% |
| 2003 | 8.7% | -75.3% |
| 2004 | 7.9% | -8.5% |
| 2005 | 16.7% | +110.8% |
| 2006 | 11.2% | -33.2% |
| 2007 | 10.1% | -9.3% |
| 2008 | 8.6% | -15.3% |
| 2009 | 1.4% | -84.0% |
| 2010 | 7.0% | +408.4% |
| 2011 | 2.8% | -59.2% |
| 2012 | 4.5% | +57.6% |
| 2013 | 5.0% | +10.5% |
| 2014 | 2.9% | -41.0% |
| 2015 | 5.3% | +82.6% |
| 2016 | 2.8% | -47.1% |
| 2017 | 2.2% | -23.6% |
| 2018 | 3.2% | +50.5% |
| 2019 | 4.5% | +39.2% |
| 2020 | 1.6% | -65.0% |
| 2021 | 2.1% | +33.2% |
| 2022 | 2.8% | +31.0% |
| 2023 | 2.5% | -8.6% |
| 2024 | 3.2% | +27.2% |
Guinea compared with similar countries
- Guinea's 3.2% is below the median for lower middle income countries, which is 13.3%, 24% of the median. (43 countries reporting)
- Guinea's 3.2% is below the median for Sub-Saharan Africa, which is 9.1%, 35% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +408.4% | 1.4% | 7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 22.5% | 16.3% | 30.4% | 4 |
| 1990s | 26.8% | 16.5% | 54.3% | 10 |
| 2000s | 16.3% | 1.4% | 39.3% | 10 |
| 2010s | 4.0% | 2.2% | 7.0% | 10 |
| 2020s | 2.4% | 1.6% | 3.2% | 5 |
Countries ranked near Guinea
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is short-term debt in Guinea?
- Short-term debt in Guinea was 3.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Guinea?
- The highest recorded value was 54.3% in 1997.
- What is the lowest short-term debt recorded in Guinea?
- The lowest recorded value was 1.4% in 2009.
- How does Guinea rank for short-term debt?
- Guinea ranks 91st out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Guinea?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.