Guinea recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2018. Guinea Government Budget - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Budget in Guinea averaged -3.71 percent of GDP from 1998 until 2018, reaching an all time high of 0.50 percent of GDP in 2007 and a record low of -13.90 percent of GDP in 2010. This page provides - Guinea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Budget in Guinea is expected to reach -3.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Government Budget is projected to trend around -3.50 percent of GDP in 2021 and -2.80 percent of GDP in 2022, according to our econometric models.


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Guinea Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -2.20 0.50 -13.90 1998 - 2018 percent of GDP Yearly


Guinea Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.