Subsidies (current LCU; from SNA) in Guinea
Guinea: Subsidies (current LCU; from SNA) was 14.10 billion current LCU; from SNA in 1994. ◆ Volatile
Subsidies in Guinea, 1986–1994
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU; from SNA.
Analysis
Guinea recorded 14.10 billion current LCU; from SNA for subsidies in 1994.
The figure is up 67.9% on the previous year and up 72.0% over five years.
Over the whole period, subsidies in Guinea peaked at 109.16 billion current LCU; from SNA in 1990 and was at its lowest, 0 current LCU; from SNA, in 1986.
That places Guinea 7th out of 24 countries with data for 1994, putting it in the middle of the range.
Subsidies (current LCU; from SNA) in Guinea, year by year
| Year | current LCU; from SNA | Change |
|---|---|---|
| 1986 | 0 current LCU; from SNA | — |
| 1987 | 65.27 billion current LCU; from SNA | — |
| 1988 | 14.10 billion current LCU; from SNA | -78.4% |
| 1989 | 8.20 billion current LCU; from SNA | -41.8% |
| 1990 | 109.16 billion current LCU; from SNA | +1231.2% |
| 1991 | 14.60 billion current LCU; from SNA | -86.6% |
| 1992 | 9.00 billion current LCU; from SNA | -38.4% |
| 1993 | 8.40 billion current LCU; from SNA | -6.7% |
| 1994 | 14.10 billion current LCU; from SNA | +67.9% |
Guinea compared with similar countries
- Guinea's 14.10 billion current LCU; from SNA is above the median for Sub-Saharan Africa, which is 170.00 million current LCU; from SNA, 82.9× the median. (23 countries reporting)
- Guinea's 14.10 billion current LCU; from SNA is above the median for lower middle income countries, which is 122.00 million current LCU; from SNA, 115.6× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 21.89 billion current LCU; from SNA | 0 current LCU; from SNA | 65.27 billion current LCU; from SNA | 4 |
| 1990s | 31.05 billion current LCU; from SNA | 8.40 billion current LCU; from SNA | 109.16 billion current LCU; from SNA | 5 |
Countries ranked near Guinea
- 4 Sierra Leone 28.26 billion current LCU; from SNA compare
- 5 Mali 24.20 billion current LCU; from SNA compare
- 6 Togo 18.00 billion current LCU; from SNA
- 8 South Africa 13.10 billion current LCU; from SNA
- 9 Guinea-Bissau 7.81 billion current LCU; from SNA compare
- 10 Mauritius 1.14 billion current LCU; from SNA compare
More economy & growth data for Guinea
- Real gdp growth, annual growth rate -2.71 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 470.07 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0005 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.9019 units per person (2025)
- SDRs holdings, SDR, annual growth rate 442.86 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.6586 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is subsidies in Guinea?
- Subsidies in Guinea was 14.10 billion current LCU; from SNA in 1994, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest subsidies recorded in Guinea?
- The highest recorded value was 109.16 billion current LCU; from SNA in 1990.
- What is the lowest subsidies recorded in Guinea?
- The lowest recorded value was 0 current LCU; from SNA in 1986.
- How does Guinea rank for subsidies?
- Guinea ranks 7th out of 24 countries with data for 1994.
- Where does this Guinea data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Subsidies (current LCU; from SNA). Statizoid updates them automatically from the source API.
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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.