Guinea-Bissau vs Least developed countries: Goods and services expense
Goods and services expense over time
- Guinea-Bissau
- Least developed countries
How they compare
Guinea-Bissau currently reports 32.4% against 20.0% in Least developed countries, a difference of 12.4%.
That makes Guinea-Bissau's figure about 1.6 times Least developed countries's.
The two have swapped places 2 times across 5 shared years of data; in 2017 it was Guinea-Bissau ahead.
Guinea-Bissau ranks 11th and Least developed countries ranks 8th of 154 countries.
Guinea-Bissau has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Guinea-Bissau | Least developed countries | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 30.8% | 24.2% | 6.6% | Guinea-Bissau |
| 2020s | 31.0% | 18.7% | 12.4% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Guinea-Bissau or Least developed countries?
- Guinea-Bissau, at 32.4% against 20.0% in Least developed countries as of 2023.
- What is the difference in goods and services expense between Guinea-Bissau and Least developed countries?
- 12.4%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and Least developed countries?
- 5 years are reported by both, from 2017 to 2021.
- How do Guinea-Bissau and Least developed countries rank globally for goods and services expense?
- Guinea-Bissau ranks 11th and Least developed countries ranks 8th of 154 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.