Military spending gmsd in Guinea

Guinea: Military spending gmsd was 507.79 million in 2023. ◆ Volatile

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

Military spending gmsd in Guinea, 1958–2023

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

Source: Our World in Data.

Analysis

The most recent figure for military spending gmsd in Guinea is 507.79 million, 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 gmsd in Guinea peaked at 507.79 million in 2023 and was at its lowest, 26.30 million, 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.

Military spending gmsd in Guinea, year by year

Annual values for Military spending gmsd in Guinea, 1958 to 2023.
Year Value Change
1958 28.90 million —
1959 26.89 million -7.0%
1960 26.30 million -2.2%
1961 32.02 million +21.7%
1962 39.33 million +22.8%
1963 43.20 million +9.8%
1964 47.55 million +10.1%
1965 74.49 million +56.6%
1966 85.83 million +15.2%
1967 96.19 million +12.1%
1968 91.10 million -5.3%
1969 93.78 million +2.9%
1970 99.80 million +6.4%
1971 102.78 million +3.0%
1972 97.03 million -5.6%
1973 80.65 million -16.9%
1974 71.14 million -11.8%
1975 67.29 million -5.4%
1976 135.37 million +101.2%
1977 216.38 million +59.8%
1978 210.11 million -2.9%
1979 188.20 million -10.4%
1980 151.65 million -19.4%
1981 140.28 million -7.5%
1982 133.43 million -4.9%
1983 117.08 million -12.3%
1984 108.70 million -7.2%
1985 96.49 million -11.2%
1986 82.89 million -14.1%
1987 70.17 million -15.3%
1988 58.26 million -17.0%
1989 57.25 million -1.7%
1990 61.20 million +6.9%
1991 73.66 million +20.4%
1992 82.91 million +12.6%
1993 84.82 million +2.3%
1994 85.09 million +0.3%
1995 85.42 million +0.4%
1996 81.93 million -4.1%
1997 87.44 million +6.7%
1998 89.84 million +2.8%
1999 92.67 million +3.1%
2000 77.24 million -16.7%
2001 116.93 million +51.4%
2002 130.25 million +11.4%
2003 126.35 million -3.0%
2004 123.87 million -2.0%
2005 78.48 million -36.6%
2006 58.32 million -25.7%
2007 63.99 million +9.7%
2008 65.54 million +2.4%
2009 74.30 million +13.4%
2010 67.88 million -8.6%
2011 64.24 million -5.4%
2012 107.21 million +66.9%
2013 131.51 million +22.7%
2014 201.75 million +53.4%
2015 224.97 million +11.5%
2016 208.51 million -7.3%
2017 240.19 million +15.2%
2018 248.59 million +3.5%
2019 270.00 million +8.6%
2020 287.83 million +6.6%
2021 346.97 million +20.5%
2022 442.03 million +27.4%
2023 507.79 million +14.9%

Guinea compared with similar countries

  • Guinea's 507.79 million is above the median for lower middle income countries, which is 485.52 million, 1.0× the median. (42 countries reporting)
  • Guinea's 507.79 million is above the median for Sub-Saharan Africa, which is 350.64 million, 1.4× the median. (46 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1976 +101.2% 67.29 million 135.37 million

Averages by decade

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

Countries ranked near Guinea

  1. 109 Nepal 530.13 million compare
  2. 110 Senegal 527.57 million compare
  3. 111 El Salvador 509.92 million compare
  4. 113 Georgia 498.02 million compare
  5. 114 Guatemala 494.92 million compare
  6. 115 Paraguay 476.41 million 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 gmsd in Guinea?
Military spending gmsd in Guinea was 507.79 million in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Guinea?
The highest recorded value was 507.79 million in 2023.
What is the lowest military spending gmsd recorded in Guinea?
The lowest recorded value was 26.30 million in 1960.
How does Guinea rank for military spending gmsd?
Guinea ranks 112th out of 172 countries with data for 2023.
Is military spending gmsd 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 Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Guinea. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/guinea/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed