Military spending in Guinea

Guinea: Military spending was 507.79 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
507.79 million constant 2022 US$
Change on year
up 14.9%
World rank
112th
of 172 countries
All-time high
507.79 million constant 2022 US$
in 2023
All-time low
26.30 million constant 2022 US$
in 1960
Years of data
66
1958–2023

Military spending in Guinea, 1958–2023

0100.0M200.0M300.0M400.0M500.0M195819902023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

The most recent figure for military spending in Guinea is 507.79 million constant 2022 US$, measured in 2023. That is the highest value across all 66 years on record.

That represents a change of up 14.9% on the previous year and up 286.1% over ten years.

Over the whole period, military spending in Guinea peaked at 507.79 million constant 2022 US$ in 2023 and was at its lowest, 26.30 million constant 2022 US$, in 1960.

That places Guinea 112th out of 172 countries with data for 2023, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1950s 27.90 million constant 2022 US$ 26.89 million constant 2022 US$ 28.90 million constant 2022 US$ 2
1960s 62.98 million constant 2022 US$ 26.30 million constant 2022 US$ 96.19 million constant 2022 US$ 10
1970s 126.88 million constant 2022 US$ 67.29 million constant 2022 US$ 216.38 million constant 2022 US$ 10
1980s 101.62 million constant 2022 US$ 57.25 million constant 2022 US$ 151.65 million constant 2022 US$ 10
1990s 82.50 million constant 2022 US$ 61.20 million constant 2022 US$ 92.67 million constant 2022 US$ 10
2000s 91.53 million constant 2022 US$ 58.32 million constant 2022 US$ 130.25 million constant 2022 US$ 10
2010s 176.48 million constant 2022 US$ 64.24 million constant 2022 US$ 270.00 million constant 2022 US$ 10
2020s 396.16 million constant 2022 US$ 287.83 million constant 2022 US$ 507.79 million constant 2022 US$ 4

Countries ranked near Guinea

  1. 109 Nepal 530.13 million constant 2022 US$ compare
  2. 110 Senegal 527.57 million constant 2022 US$ compare
  3. 111 El Salvador 509.92 million constant 2022 US$ compare
  4. 113 Georgia 498.02 million constant 2022 US$ compare
  5. 114 Guatemala 494.92 million constant 2022 US$ compare
  6. 115 Paraguay 476.41 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Guinea

All data for Guinea →

Frequently asked questions

What is military spending in Guinea?
Military spending in Guinea was 507.79 million constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Guinea?
The highest recorded value was 507.79 million constant 2022 US$ in 2023.
What is the lowest military spending recorded in Guinea?
The lowest recorded value was 26.30 million constant 2022 US$ in 1960.
How does Guinea rank for military spending?
Guinea ranks 112th out of 172 countries with data for 2023.
Is military spending rising or falling in Guinea?
Over the last ten years it is up 286.1%. The long-run trend across the full record is volatile.
Where does this Guinea data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.