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.

Military spending in Guinea, year by year

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

Guinea compared with similar countries

  • Guinea's 507.79 million constant 2022 US$ is above the median for lower middle income countries, which is 485.52 million constant 2022 US$, 1.0× the median. (42 countries reporting)
  • Guinea's 507.79 million constant 2022 US$ is above the median for Sub-Saharan Africa, which is 350.64 million constant 2022 US$, 1.4× the median. (46 countries reporting)

Biggest year-on-year movements

Years where Military spending 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 constant 2022 US$ 135.37 million constant 2022 US$

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.

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Military spending in Guinea. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/guinea/

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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.