Total debt service in Guinea
Guinea: Total debt service was 3.7% in 2024. ◆ Volatile
Total debt service in Guinea, 1986–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Guinea recorded 3.7% for total debt service in 2024.
Compared with earlier readings it is up 44.7% on the previous year and up 54.3% over ten years.
Over the whole period, total debt service in Guinea peaked at 27.2% in 1987 and was at its lowest, 1.5%, in 2021.
That places Guinea 108th out of 120 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Guinea, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1986 | 12.6% | — |
| 1987 | 27.2% | +115.4% |
| 1988 | 22.1% | -18.7% |
| 1989 | 16.8% | -24.2% |
| 1990 | 20.2% | +20.1% |
| 1991 | 15.9% | -21.0% |
| 1992 | 12.6% | -20.6% |
| 1993 | 11.4% | -10.1% |
| 1994 | 15.2% | +33.8% |
| 1995 | 24.8% | +63.1% |
| 1996 | 15.1% | -39.3% |
| 1997 | 21.2% | +40.9% |
| 1998 | 20.0% | -5.9% |
| 1999 | 17.8% | -10.9% |
| 2000 | 22.7% | +27.5% |
| 2001 | 14.2% | -37.4% |
| 2002 | 13.4% | -5.9% |
| 2003 | 14.7% | +10.3% |
| 2004 | 21.3% | +44.1% |
| 2005 | 18.1% | -15.0% |
| 2006 | 15.2% | -15.7% |
| 2007 | 12.3% | -18.9% |
| 2008 | 8.9% | -28.2% |
| 2009 | 10.4% | +18.0% |
| 2010 | 5.2% | -50.4% |
| 2011 | 11.7% | +124.9% |
| 2012 | 6.0% | -48.5% |
| 2013 | 2.0% | -67.2% |
| 2014 | 2.4% | +22.9% |
| 2015 | 4.1% | +68.6% |
| 2016 | 2.3% | -43.3% |
| 2017 | 1.7% | -24.9% |
| 2018 | 2.7% | +58.3% |
| 2019 | 2.7% | -2.4% |
| 2020 | 1.5% | -42.3% |
| 2021 | 1.5% | -2.1% |
| 2022 | 2.4% | +55.2% |
| 2023 | 2.6% | +9.7% |
| 2024 | 3.7% | +44.7% |
Guinea compared with similar countries
- Guinea's 3.7% is below the median for lower middle income countries, which is 16.6%, 22% of the median. (43 countries reporting)
- Guinea's 3.7% is below the median for Sub-Saharan Africa, which is 11.8%, 32% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 19.7% | 12.6% | 27.2% | 4 |
| 1990s | 17.4% | 11.4% | 24.8% | 10 |
| 2000s | 15.1% | 8.9% | 22.7% | 10 |
| 2010s | 4.1% | 1.7% | 11.7% | 10 |
| 2020s | 2.3% | 1.5% | 3.7% | 5 |
Countries ranked near Guinea
- 105 Botswana 4.7% compare
- 106 Thailand 4.7% compare
- 107 Eritrea 4.3% compare
- 109 Solomon Islands 3.6% compare
- 110 Sao Tome and Principe 3.5% compare
- 111 East Timor 3.1% compare
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 total debt service in Guinea?
- Total debt service in Guinea was 3.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Guinea?
- The highest recorded value was 27.2% in 1987.
- What is the lowest total debt service recorded in Guinea?
- The lowest recorded value was 1.5% in 2021.
- How does Guinea rank for total debt service?
- Guinea ranks 108th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Guinea?
- Over the last ten years it is up 54.3%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.