Military expenditure in Guinea

Guinea: Military expenditure was 4.84 trillion current LCU in 2024. ◆ Volatile

Latest (2024)
4.84 trillion current LCU
Change on year
up 11.2%
World rank
14th
of 167 countries
All-time high
4.84 trillion current LCU
in 2024
All-time low
259.00 million current LCU
in 1965
Years of data
38
1965–2024

Military expenditure in Guinea, 1965–2024

01.0T2.0T3.0T4.0T5.0T1965199420241965: 259.0M current LCU1966: 343.0M current LCU1968: 350.0M current LCU1969: 363.0M current LCU1970: 372.0M current LCU1971: 648.0M current LCU1972: 721.0M current LCU1973: 747.0M current LCU1978: 1.7B current LCU1979: 1.4B current LCU1980: 1.1B current LCU1981: 1.1B current LCU1982: 1.2B current LCU1991: 54.1B current LCU1992: 50.2B current LCU1993: 42.0B current LCU1994: 44.8B current LCU1997: 48.6B current LCU1998: 55.7B current LCU1999: 76.6B current LCU2000: 80.3B current LCU2001: 171.1B current LCU2002: 193.8B current LCU2003: 167.0B current LCU2004: 181.8B current LCU2012: 1.2T current LCU2013: 1.4T current LCU2014: 1.4T current LCU2015: 1.7T current LCU2016: 1.5T current LCU2017: 1.7T current LCU2018: 1.8T current LCU2019: 1.8T current LCU2020: 2.0T current LCU2021: 2.4T current LCU2022: 3.9T current LCU2023: 4.4T current LCU2024: 4.8T current LCU

Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.

Analysis

Guinea recorded 4.84 trillion current LCU for military expenditure in 2024. That is the highest value across all 38 years on record.

That represents a change of up 11.2% on the previous year and up 250.7% over ten years.

Over the whole period, military expenditure in Guinea peaked at 4.84 trillion current LCU in 2024 and was at its lowest, 259.00 million current LCU, in 1965.

Guinea ranks 14th of 167 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1960s 328.75 million current LCU 259.00 million current LCU 363.00 million current LCU 4
1970s 921.00 million current LCU 372.00 million current LCU 1.68 billion current LCU 6
1980s 1.14 billion current LCU 1.10 billion current LCU 1.17 billion current LCU 3
1990s 53.14 billion current LCU 42.00 billion current LCU 76.60 billion current LCU 7
2000s 158.80 billion current LCU 80.30 billion current LCU 193.80 billion current LCU 5
2010s 1.54 trillion current LCU 1.18 trillion current LCU 1.82 trillion current LCU 8
2020s 3.50 trillion current LCU 1.99 trillion current LCU 4.84 trillion current LCU 5

Countries ranked near Guinea

  1. 11 Japan 8.37 trillion current LCU compare
  2. 12 Iraq 8.09 trillion current LCU compare
  3. 13 India 7.21 trillion current LCU compare
  4. 15 Chile 4.82 trillion current LCU compare
  5. 16 Uganda 4.20 trillion current LCU compare
  6. 17 Argentina 3.82 trillion current LCU compare

See the full ranking of 167 places →

More public sector data for Guinea

All data for Guinea →

Frequently asked questions

What is military expenditure in Guinea?
Military expenditure in Guinea was 4.84 trillion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
What is the highest military expenditure recorded in Guinea?
The highest recorded value was 4.84 trillion current LCU in 2024.
What is the lowest military expenditure recorded in Guinea?
The lowest recorded value was 259.00 million current LCU in 1965.
How does Guinea rank for military expenditure?
Guinea ranks 14th out of 167 countries with data for 2024.
Is military expenditure rising or falling in Guinea?
Over the last ten years it is up 250.7%. The long-run trend across the full record is volatile.
Where does this Guinea data come from?
The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.

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About this data

Indicator
Military expenditure (current LCU)
Unit
current LCU
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 8,248 data points, 1960–2024
Last refreshed

Military expenditure in local currency at current prices (by calendar year)