Guinea Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Guinea's credit to gdp was 9.09% in 2021, ranked 13th globally. This represents a 9.3% decrease from 2020. Data from World Bank, covering 1991–2021.
Overview
Guinea's credit to gdp stood at 9.09% in 2021, a decline of +0.93% from 2020. Guinea ranked 13th globally.
Guinea’s credit to GDP ratio rose from a low of 2.40 in 1991 to an all‑time peak of 11.82 in 2015, reflecting a gradual deepening of external borrowing as the country sought to finance infrastructure and social programmes. By 2021 the ratio stood at 9.09, placing Guinea 13th globally and slightly below peers such as Nigeria (9.73) and Angola (8.70). The post‑peak decline from 2015 suggests a modest retrenchment in debt accumulation, possibly linked to tighter fiscal consolidation and the impact of lower commodity prices on export earnings. Nevertheless, the level remains well above the early‑1990s trough, indicating that Guinea continues to rely heavily on external financing relative to its economic size. Future movements will hinge on the government’s ability to diversify the economy, improve revenue collection and manage debt service costs, which could either stabilize the ratio or prompt a renewed upward trajectory.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2021 | 9.09% | −0.93% | #13 |
| 2020 | 10.02% | −0.27% | #13 |
| 2019 | 10.29% | +0.64% | #13 |
| 2018 | 9.65% | +0.54% | #12 |
| 2017 | 9.12% | −1.66% | #10 |
| 2016 | 10.77% | −1.05% | #11 |
| 2015 | 11.82% | +1.89% | #14 |
| 2014 | 9.94% | +2.59% | #11 |
| 2013 | 7.34% | +1.42% | #9 |
| 2012 | 5.92% | −0.90% | #9 |
| 2011 | 6.82% | +2.88% | #10 |
| 2010 | 3.94% | +1.28% | #3 |
| 2009 | 2.66% | −0.58% | #1 |
| 2008 | 3.24% | −0.02% | #5 |
| 2007 | 3.26% | −1.34% | #8 |
Detected Pattern
Analysis
Guinea matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Guinea's credit to gdp was 9.09% in 2021. Ranked 13th globally. This represents a 9.3% decrease from the previous year.
Guinea's credit to gdp peaked at 11.82% in 2015.
The lowest credit to gdp in Guinea was 2.40% in 1991.
Guinea ranks 13th globally in credit to gdp as of 2021.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Guinea in 2021 was 9.09%. This ranks 13th in the world.
Cite this page
@misc{historysaid_guinea_credit-to-gdp,
title = {Guinea Credit to GDP},
url = {https://historysaid.com/guinea/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}