Guinea: public finances

How much revenue does Guinea's government collect?

Guinea's government collected GNF 32,448 billion in revenue and grants in 2024, up from GNF 24,811 billion in 2023, according to the INS's 2024 statistical yearbook. Tax revenue was GNF 28,399 billion, of which GNF 5,901 billion came from mining.

Taxes on goods and services brought in GNF 13,966 billion, taxes on foreign trade GNF 7,990 billion and taxes on income and profits GNF 5,725 billion. Project grants from partners were GNF 1,841 billion. The figures are actual receipts from the government's macroeconomic framework, not budget forecasts.

Official sources: 2024 statistical yearbook

How much does Guinea's government spend?

Guinea's government spent GNF 33,643 billion in 2024, up from GNF 31,037 billion in 2023, according to the INS's 2024 statistical yearbook. Pay for public employees was GNF 7,807 billion and interest payments GNF 2,091 billion.

Spending on non-financial assets, mainly investment, was GNF 9,119 billion. Social benefits rose to GNF 2,695 billion and subsidies to GNF 2,186 billion. The yearbook shows a net borrowing need of GNF 1,222 billion in 2024, the gap between revenue and spending. The figures are actual spending, not the budget law.

Official sources: 2024 statistical yearbook

How much debt does Guinea's government have?

Guinea's central government debt was USD 10,981 million at the end of 2024, up from USD 9,347 million in 2023, according to national debt office figures in the INS's 2024 statistical yearbook. Domestic debt was USD 6,332 million and external debt USD 4,649 million.

Debt service was USD 1,598 million in 2024, mostly repayments of domestic debt. The yearbook shows all external debt owed to multilateral lenders as concessional. Guinea's total external debt, public and private, was USD 5.39 billion in 2024, according to the World Bank International Debt Statistics.

Official sources: 2024 statistical yearbook · World Bank International Debt Statistics

What is Guinea's government debt?

In 2025, general government gross debt in Guinea was 36.3% of GDP, according to the IMF. The peak was 76.1% of GDP in 2005 and the low 16.7% of GDP in 2012. It is 40th highest of 46 in Sub-Saharan Africa, where the median is 53.0% of GDP. Of 185 countries with 2025 data, 136th highest.

Does Guinea's government borrow more than it raises?

The latest figure from the IMF, for 2025, is -6.4% of GDP (a deficit). Since 2005 it has ranged from -7.1% of GDP (2010) to 14.7% of GDP (2012). Across Sub-Saharan Africa the middle value was -3.0% of GDP, and Guinea placed 40th highest of 47. Worldwide: 163rd of 188.

How much revenue does Guinea's government raise?

According to the IMF, general government revenue in Guinea was 12.5% of GDP in 2025. Since 2005 it has ranged from 7.4% of GDP (2009) to 26.8% of GDP (2012). It is 41st highest of 47 in Sub-Saharan Africa, where the median is 18.4% of GDP. Of 187 countries with 2025 data, 178th highest.

What is Guinea's government spending?

According to the IMF, general government spending in Guinea was 18.9% of GDP in 2025. No year since 2005 has been higher. Across Sub-Saharan Africa the middle value was 20.8% of GDP, and Guinea placed 31st highest of 46. Worldwide: 160th of 186.

How much does Guinea spend on its military?

2.0% of GDP: that is military spending in Guinea for 2025, according to SIPRI. Its high point since 2012 was 2015, at 2.5% of GDP; its low point was 2020, at 1.5% of GDP. It is 11th highest of 44 in Sub-Saharan Africa, where the median is 1.3% of GDP. Of 149 countries with 2025 data, 57th highest.