Budget balance — all countries

Budget balance — Guinea

Budget balance in Guinea in 2031 — -2.5%. Ranked 100 in the world out of 188. Since 1990, the indicator has risen by 1.3 pp.

2031 -2.5% +0.2 pp vs 2030
World rank 100of 188
Period maximum 23.7%2012
Period minimum -9.7%2010

Trend over time

1990–2031 · % of GDP

Budget balance — Guinea, 1990–2031-1001020301990199520002005201020152020202520301990: -3.8%1991: -3.2%1992: -0.9%1993: -2.3%1994: -2.6%1995: -1.1%1996: -2.2%1997: 0.1%1998: 2.5%1999: -1.3%2000: -2.4%2001: -3.2%2002: -3.4%2003: -4.7%2004: -3.8%2005: -1.1%2006: -2.1%2007: 1.3%2008: 0.4%2009: -4.9%2010: -9.7%2011: -0.9%2012: 23.7%2013: -3.9%2014: -3%2015: -6.5%2016: -0.1%2017: -2%2018: -1%2019: -0.2%2020: -3.1%2021: -1.7%2022: -1.9%2023: -3.9%2024: -5%2025: -7%2026: -5%2027: -4.2%2028: -3.5%2029: -3%2030: -2.7%2031: -2.5%
Change over the period: +1.3 pp Annual average: 0.03 pp

Comparison, 2031

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

Guinea -2.5%
World computed -4.85%
Sub-Saharan Africa computed -3.08%
Western Africa computed -2.26%
Budget balance — Guinea, by year Guinea All countries CSV XLSX
Year % Change, pp
2031 -2.5 +0.2 pp
2030 -2.7 +0.3 pp
2029 -3 +0.5 pp
2028 -3.5 +0.7 pp
2027 -4.2 +0.8 pp
2026 -5 +2 pp
2025 -7 −2 pp
2024 -5 −1.1 pp
2023 -3.9 −2 pp
2022 -1.9 −0.2 pp
2021 -1.7 +1.4 pp
2020 -3.1 −2.9 pp
2019 -0.2 +0.8 pp
2018 -1 +1 pp
2017 -2 −1.9 pp
2016 -0.1 +6.4 pp
2015 -6.5 −3.5 pp
2014 -3 +0.9 pp
2013 -3.9 −27.6 pp
2012 23.7 +24.6 pp
2011 -0.9 +8.8 pp
2010 -9.7 −4.8 pp
2009 -4.9 −5.3 pp
2008 0.4 −0.9 pp
2007 1.3 +3.4 pp
2006 -2.1 −1 pp
2005 -1.1 +2.7 pp
2004 -3.8 +0.9 pp
2003 -4.7 −1.3 pp
2002 -3.4 −0.2 pp
2001 -3.2 −0.8 pp
2000 -2.4 −1.1 pp
1999 -1.3 −3.8 pp
1998 2.5 +2.4 pp
1997 0.1 +2.3 pp
1996 -2.2 −1.1 pp
1995 -1.1 +1.5 pp
1994 -2.6 −0.3 pp
1993 -2.3 −1.4 pp
1992 -0.9 +2.3 pp
1991 -3.2 +0.6 pp
1990 -3.8

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.