Short-term debt (% of total external debt) in Guinea
Guinea: Short-term debt (% of total external debt) was 7.0% in 2024. ▼ Falling
Short-term debt in Guinea, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Guinea recorded 7.0% for short-term debt in 2024.
That represents a change of up 21.6% on the previous year and up 105.4% over ten years.
Over the whole period, short-term debt in Guinea peaked at 11.7% in 1997 and was at its lowest, 0.5%, in 2009.
That places Guinea 72nd out of 122 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Short-term debt (% of total external debt) in Guinea, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 1.5% | — |
| 1971 | 1.9% | +33.4% |
| 1972 | 2.3% | +20.0% |
| 1973 | 2.8% | +18.2% |
| 1974 | 2.7% | -2.1% |
| 1975 | 2.9% | +7.7% |
| 1976 | 3.2% | +9.9% |
| 1977 | 7.2% | +126.2% |
| 1978 | 7.1% | -2.2% |
| 1979 | 9.9% | +39.9% |
| 1980 | 7.0% | -28.9% |
| 1981 | 6.6% | -5.7% |
| 1982 | 6.8% | +2.6% |
| 1983 | 7.3% | +7.7% |
| 1984 | 7.6% | +4.4% |
| 1985 | 9.0% | +17.8% |
| 1986 | 5.2% | -41.8% |
| 1987 | 6.6% | +26.5% |
| 1988 | 7.7% | +16.7% |
| 1989 | 6.7% | -12.9% |
| 1990 | 7.1% | +5.0% |
| 1991 | 6.6% | -6.6% |
| 1992 | 4.8% | -28.2% |
| 1993 | 4.5% | -4.9% |
| 1994 | 4.9% | +7.4% |
| 1995 | 4.9% | +1.8% |
| 1996 | 5.4% | +9.0% |
| 1997 | 11.7% | +116.6% |
| 1998 | 8.2% | -29.7% |
| 1999 | 8.8% | +7.7% |
| 2000 | 9.7% | +9.7% |
| 2001 | 6.9% | -28.4% |
| 2002 | 8.6% | +24.6% |
| 2003 | 2.0% | -77.0% |
| 2004 | 2.0% | +1.8% |
| 2005 | 5.0% | +148.9% |
| 2006 | 3.9% | -23.0% |
| 2007 | 4.0% | +3.7% |
| 2008 | 3.9% | -3.0% |
| 2009 | 0.5% | -87.5% |
| 2010 | 3.3% | +585.4% |
| 2011 | 1.4% | -59.3% |
| 2012 | 7.1% | +423.2% |
| 2013 | 5.9% | -17.0% |
| 2014 | 3.4% | -42.0% |
| 2015 | 5.0% | +45.3% |
| 2016 | 3.2% | -35.8% |
| 2017 | 4.2% | +33.1% |
| 2018 | 5.2% | +22.6% |
| 2019 | 5.3% | +1.4% |
| 2020 | 3.5% | -34.1% |
| 2021 | 4.7% | +34.5% |
| 2022 | 5.0% | +7.8% |
| 2023 | 5.8% | +14.6% |
| 2024 | 7.0% | +21.6% |
Guinea compared with similar countries
- Guinea's 7.0% is below the median for lower middle income countries, which is 9.0%, 78% of the median. (43 countries reporting)
- Guinea's 7.0% is above the median for Sub-Saharan Africa, which is 5.2%, 1.3× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external 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 | +585.4% | 0.5% | 3.3% |
| 2012 | +423.2% | 1.4% | 7.1% |
| 2005 | +148.9% | 2.0% | 5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.1% | 1.5% | 9.9% | 10 |
| 1980s | 7.1% | 5.2% | 9.0% | 10 |
| 1990s | 6.7% | 4.5% | 11.7% | 10 |
| 2000s | 4.7% | 0.5% | 9.7% | 10 |
| 2010s | 4.4% | 1.4% | 7.1% | 10 |
| 2020s | 5.2% | 3.5% | 7.0% | 5 |
Countries ranked near Guinea
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 short-term debt in Guinea?
- Short-term debt in Guinea was 7.0% 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 11.7% in 1997.
- What is the lowest short-term debt recorded in Guinea?
- The lowest recorded value was 0.5% in 2009.
- How does Guinea rank for short-term debt?
- Guinea ranks 72nd out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Guinea?
- Over the last ten years it is up 105.4%. The long-run trend across the full record is falling.
- 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 total external debt). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.