Debt on Concessional terms to GDP in Guinea
Guinea: Debt on Concessional terms to GDP was 51.3% in 2011. ▲ Rising
Debt on Concessional terms to GDP in Guinea, 1986–2011
Source: World Bank, Global Development Finance. Measured in % of GDP.
Analysis
The most recent figure for debt on concessional terms to gdp in Guinea is 51.3%, measured in 2011. That is the lowest value across all 26 years on record.
Compared with earlier readings it is down 5.9% on the previous year and down 33.7% over ten years.
Over the whole period, debt on concessional terms to gdp in Guinea peaked at 91.1% in 2006 and was at its lowest, 51.3%, in 2011.
That places Guinea 4th out of 50 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently rising across the 26 years of available data.
Debt on Concessional terms to GDP in Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1986 | 59.1% | — |
| 1987 | 66.0% | +11.7% |
| 1988 | 62.6% | -5.2% |
| 1989 | 57.6% | -7.9% |
| 1990 | 62.9% | +9.2% |
| 1991 | 59.9% | -4.8% |
| 1992 | 60.4% | +0.7% |
| 1993 | 65.8% | +8.9% |
| 1994 | 69.0% | +4.9% |
| 1995 | 66.8% | -3.2% |
| 1996 | 62.9% | -5.8% |
| 1997 | 65.6% | +4.2% |
| 1998 | 74.0% | +12.9% |
| 1999 | 67.2% | -9.2% |
| 2000 | 74.9% | +11.5% |
| 2001 | 77.5% | +3.4% |
| 2002 | 79.5% | +2.7% |
| 2003 | 73.9% | -7.1% |
| 2004 | 71.5% | -3.2% |
| 2005 | 83.9% | +17.3% |
| 2006 | 91.1% | +8.6% |
| 2007 | 63.9% | -29.9% |
| 2008 | 69.5% | +8.8% |
| 2009 | 63.2% | -9.1% |
| 2010 | 54.5% | -13.7% |
| 2011 | 51.3% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 61.3% | 57.6% | 66.0% | 4 |
| 1990s | 65.4% | 59.9% | 74.0% | 10 |
| 2000s | 74.9% | 63.2% | 91.1% | 10 |
| 2010s | 52.9% | 51.3% | 54.5% | 2 |
Countries ranked near Guinea
- 1 Somalia 169.8% compare
- 2 Sao Tome and Principe 69.6% compare
- 3 Djibouti 66.4% compare
- 5 Mauritania 48.9% compare
- 6 Cape Verde 44.2% compare
- 7 Gambia 42.4% compare
More external debt data for Guinea
- IFC, private nonguaranteed -14.19 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -0.9617 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0006 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -94.2 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.5% (2024)
- Net financial flows, IDA 64.73 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 4.39 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0026 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -14.56 million NFL, current US$ (1992)
- Public and publicly guaranteed debt service 2.8% (2024)
Frequently asked questions
- What is debt on concessional terms to gdp in Guinea?
- Debt on concessional terms to gdp in Guinea was 51.3% in 2011, according to World Bank, Global Development Finance.
- What is the highest debt on concessional terms to gdp recorded in Guinea?
- The highest recorded value was 91.1% in 2006.
- What is the lowest debt on concessional terms to gdp recorded in Guinea?
- The lowest recorded value was 51.3% in 2011.
- How does Guinea rank for debt on concessional terms to gdp?
- Guinea ranks 4th out of 50 countries with data for 2011.
- Is debt on concessional terms to gdp rising or falling in Guinea?
- Over the last ten years it is down 33.7%. The long-run trend across the full record is rising.
- Where does this Guinea data come from?
- The figures come from World Bank, Global Development Finance, published as part of Debt on Concessional terms to GDP (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Concessional Long-term Debt Outstanding and Disbursed (LDOD) conveys information about the borrower's receipt of aid from official lenders at concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. LDOD is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services.