Total Expenditure (central government) — Value US$ in Guinea
Guinea: Total Expenditure (central government) — Value US$ was 3,647 million USD in 2023. ◆ Volatile
Total Expenditure (central government) — Value US$ in Guinea, 2004–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, total expenditure (central government) — value us$ in Guinea stood at 3,647 million USD. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 19.7% on the previous year and up 162.3% over ten years.
Over the whole period, total expenditure (central government) — value us$ in Guinea peaked at 3,647 million USD in 2023 and was at its lowest, 466.64 million USD, in 2005.
Guinea ranks 121st of 173 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total Expenditure (central government) — Value US$ in Guinea, year by year
| Year | million USD | Change |
|---|---|---|
| 2004 | 577.97 million USD | — |
| 2005 | 466.64 million USD | -19.3% |
| 2006 | 494.9 million USD | +6.1% |
| 2007 | 626.6 million USD | +26.6% |
| 2008 | 786.22 million USD | +25.5% |
| 2009 | 704.01 million USD | -10.5% |
| 2010 | 1,356 million USD | +92.6% |
| 2011 | 925.05 million USD | -31.8% |
| 2012 | 994.21 million USD | +7.5% |
| 2013 | 1,391 million USD | +39.9% |
| 2014 | 1,655 million USD | +19.0% |
| 2015 | 2,013 million USD | +21.6% |
| 2016 | 1,359 million USD | -32.5% |
| 2017 | 1,807 million USD | +33.0% |
| 2018 | 1,904 million USD | +5.4% |
| 2019 | 2,014 million USD | +5.8% |
| 2020 | 2,260 million USD | +12.2% |
| 2021 | 2,217 million USD | -1.9% |
| 2022 | 3,046 million USD | +37.4% |
| 2023 | 3,647 million USD | +19.7% |
Guinea compared with similar countries
- Guinea's 3,647 million USD is below the median for lower middle income countries, which is 4,764 million USD, 77% of the median. (40 countries reporting)
- Guinea's 3,647 million USD is above the median for Sub-Saharan Africa, which is 3,502 million USD, 1.0× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 609.39 million USD | 466.64 million USD | 786.22 million USD | 6 |
| 2010s | 1,542 million USD | 925.05 million USD | 2,014 million USD | 10 |
| 2020s | 2,793 million USD | 2,217 million USD | 3,647 million USD | 4 |
Countries ranked near Guinea
- 118 Bosnia and Herzegovina 3,849 million USD compare
- 119 Montenegro 3,801 million USD compare
- 120 Guyana 3,750 million USD compare
- 122 Rwanda 3,641 million USD compare
- 123 Maldives 3,572 million USD compare
- 124 Afghanistan 3,568 million USD 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$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is total expenditure (central government) — value us$ in Guinea?
- Total expenditure (central government) — value us$ in Guinea was 3,647 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value us$ recorded in Guinea?
- The highest recorded value was 3,647 million USD in 2023.
- What is the lowest total expenditure (central government) — value us$ recorded in Guinea?
- The lowest recorded value was 466.64 million USD in 2005.
- How does Guinea rank for total expenditure (central government) — value us$?
- Guinea ranks 121st out of 173 countries with data for 2023.
- Is total expenditure (central government) — value us$ rising or falling in Guinea?
- Over the last ten years it is up 162.3%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value US$. Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.