Guinea-Bissau vs Latin America & Caribbean (excluding high income): Taxes on international trade
Taxes on international trade over time
- Guinea-Bissau
- Latin America & Caribbean (excluding high income)
How they compare
Guinea-Bissau currently reports 16.0% against 4.5% in Latin America & Caribbean (excluding high income), a difference of 11.5%.
That makes Guinea-Bissau's figure about 3.5 times Latin America & Caribbean (excluding high income)'s.
Across all 8 years both countries report, Guinea-Bissau has been ahead every year.
Guinea-Bissau ranks 17th and Latin America & Caribbean (excluding high income) ranks 18th 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 | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 18.3% | 3.9% | 14.4% | Guinea-Bissau |
| 2020s | 16.4% | 4.0% | 12.3% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Guinea-Bissau or Latin America & Caribbean (excluding high income)?
- Guinea-Bissau, at 16.0% against 4.5% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in taxes on international trade between Guinea-Bissau and Latin America & Caribbean (excluding high income)?
- 11.5%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and Latin America & Caribbean (excluding high income)?
- 8 years are reported by both, from 2017 to 2024.
- How do Guinea-Bissau and Latin America & Caribbean (excluding high income) rank globally for taxes on international trade?
- Guinea-Bissau ranks 17th and Latin America & Caribbean (excluding high income) ranks 18th of 154 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on international trade (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.