Guinea recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2018.

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. Guinea Government Budget - values, historical data and charts - was last updated on August of 2020.

Government Budget in Guinea is expected to reach -8.50 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 -9.00 percent of GDP in 2021 and -7.60 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 Last Previous Highest Lowest Unit
Government Debt to GDP 18.00 16.40 113.00 16.40 percent [+]
Government Budget -4.40 -2.20 0.50 -13.90 percent of GDP [+]
Military Expenditure 192.00 199.00 213.40 59.90 USD Million [+]
Credit Rating 15.00 [+]


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.