Military expenditure in dollars — all countries

Military expenditure in dollars — Guinea

Military expenditure in dollars in Guinea in 2024 — 562,455,950 US$. Ranked 94 in the world out of 151. Since 1965, the indicator has risen by 5,260.7%.

2024 562M US$ +11.45% vs 2023
World rank 94of 151
Period maximum 562M US$2024
Period minimum 10.49M US$1965

Trend over time

1965–2024 · US$

Military expenditure in dollars — Guinea, 1965–20240200M400M600M196519711977198319891995200120072013201920241965: 10,492,202 US$1966: 13,895,078 US$1968: 14,178,651 US$1969: 14,705,287 US$1970: 15,069,880 US$1971: 26,327,764 US$1972: 31,711,404 US$1973: 36,058,911 US$1978: 85,228,281 US$1979: 71,021,092 US$1980: 60,309,243 US$1981: 52,510,729 US$1982: 52,266,834 US$1991: 71,764,178 US$1992: 55,654,040 US$1993: 43,956,504 US$1994: 45,871,748 US$1997: 44,370,190 US$1998: 45,034,483 US$1999: 55,211,186 US$2000: 45,967,931 US$2001: 87,718,399 US$2002: 98,084,865 US$2003: 84,133,949 US$2004: 81,018,570 US$2012: 168,913,357 US$2013: 196,818,706 US$2014: 196,945,590 US$2015: 221,414,232 US$2016: 161,856,744 US$2017: 181,637,776 US$2018: 197,079,526 US$2019: 197,754,331 US$2020: 206,992,891 US$2021: 244,558,590 US$2022: 441,260,170 US$2023: 504,667,180 US$2024: 562,455,950 US$
Change over the period: +552M (+5,260.7%) Average annual rate: 6.98 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea

Guinea 562M US$
World 2.65T US$
Sub-Saharan Africa 21.67B US$
Western Africa computed 6.24B US$
Lower-middle-income countries computed 210B US$
Military expenditure in dollars — Guinea, by year Guinea All countries CSV XLSX
Year US$ Change Change, %
2024 562M +57.79M +11.45%
2023 505M +63.41M +14.37%
2022 441M +197M +80.43%
2021 245M +37.57M +18.15%
2020 207M +9.24M +4.67%
2019 198M +674,804 +0.34%
2018 197M +15.44M +8.5%
2017 182M +19.78M +12.22%
2016 162M −59.56M −26.9%
2015 221M +24.47M +12.42%
2014 197M +126,884 +0.06%
2013 197M +27.91M +16.52%
2012 169M
2004 81.02M −3.12M −3.7%
2003 84.13M −13.95M −14.22%
2002 98.08M +10.37M +11.82%
2001 87.72M +41.75M +90.83%
2000 45.97M −9.24M −16.74%
1999 55.21M +10.18M +22.6%
1998 45.03M +664,294 +1.5%
1997 44.37M
1994 45.87M +1.92M +4.36%
1993 43.96M −11.7M −21.02%
1992 55.65M −16.11M −22.45%
1991 71.76M
1982 52.27M −243,895 −0.46%
1981 52.51M −7.8M −12.93%
1980 60.31M −10.71M −15.08%
1979 71.02M −14.21M −16.67%
1978 85.23M
1973 36.06M +4.35M +13.71%
1972 31.71M +5.38M +20.45%
1971 26.33M +11.26M +74.7%
1970 15.07M +364,594 +2.48%
1969 14.71M +526,636 +3.71%
1968 14.18M
1966 13.9M +3.4M +32.43%
1965 10.49M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.