Guinea's total reserves (% of total external debt) was 24.97% in 2024, the latest year in the World Bank's World Development Indicators. That is down 28.47 percentage points from 53.44% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 24.97% | 2024 |
| Five years earlier | 38.96% | 2019 |
| Ten years earlier | 53.44% | 2014 |
| Highest | 57% | 2012 |
| Lowest | 1.26% | 2006 |
| Average since 2015 | 38.59% | 2015–2024 |
| First recorded | 5.67% | 1991 |
What the numbers say
In 2024, Guinea's total reserves (% of total external debt) fell 11.58 percentage points on 2023 (from 36.55% to 24.97%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.06 percentage points and a typical year strayed about 8.64 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 27.44 percentage points in 2012 and the biggest yearly fall was 21.35 percentage points in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Guinea had the 66th highest value of the 96 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Guinea | 24.97% | 2024 |
| Sub-Saharan Africa | 26.8% | 2024 |
| Lower middle income | 55.78% | 2024 |
Closest to Guinea in the 2024 ranking
- Kazakhstan — 63rd of 96: 27.34%
- Belarus — 64th of 96: 26.05%
- Dominican Republic — 65th of 96: 25.28%
- Angola — 67th of 96: 24.25%
- Kenya — 68th of 96: 23.47%
- Tunisia — 69th of 96: 23.09%
What this measures
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 34 values
| Year | Total reserves (% of total external debt) |
|---|---|
| 2024 | 24.97 |
| 2023 | 36.55 |
| 2022 | 43.02 |
| 2021 | 47.03 |
| 2020 | 36.41 |
| 2019 | 38.96 |
| 2018 | 47.95 |
| 2017 | 41.02 |
| 2016 | 37.91 |
| 2015 | 32.1 |
| 2014 |
Total reserves (% of total external debt) in nearby economies
- Angola — 24.25% (2024)
- Botswana — 149.08% (2024)
- Burundi — 8.74% (2023)
- Cabo Verde — 33.19% (2024)
- Cameroon — 32.09% (2024)
- Central African Republic — 46.78% (2024)
- Chad — 46.22% (2024)
- Comoros — 84.02% (2024)
- Congo, Dem. Rep. — 42.51% (2023)
- Congo, Rep. — 11.27% (2024)
More economic policy & debt data for Guinea
- Grants, excluding technical cooperation (BoP, current US$) — US$393.69 million (2023)
- Technical cooperation grants (BoP, current US$) — US$42.92 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$278.62 million (2023)
- Net official development assistance and official aid received (current US$) — US$531.75 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$531.75 million (2023)
- Net official development assistance received (current US$) — US$531.75 million (2023)
- Net official development assistance received (constant 2023 US$) — US$531.75 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Guinea's total reserves (% of total external debt)?
- 24.97% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1991?
- It is up 19.3 percentage points from 5.67% in 1991. The highest value was 57% in 2012 and the lowest 1.26% in 2006.
- How does Guinea rank?
- 66th highest of 96 economies with data for 2024.
- Is the latest change in total reserves (% of total external debt) unusual for Guinea?
- In 2024, Guinea's total reserves (% of total external debt) fell 11.58 percentage points on 2023 (from 36.55% to 24.97%). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.06 percentage points and a typical year strayed about 8.64 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator FI.RES.TOTL.DT.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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