Goods and services expense in Equatorial Guinea
Equatorial Guinea: Goods and services expense was 239.40 billion current LCU in 2022. ▲ Rising
Goods and services expense in Equatorial Guinea, 2006–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Equatorial Guinea recorded 239.40 billion current LCU for goods and services expense in 2022.
Compared with earlier readings it is up 4.3% on the previous year and down 44.7% over ten years.
Over the whole period, goods and services expense in Equatorial Guinea peaked at 488.64 billion current LCU in 2013 and was at its lowest, 85.58 billion current LCU, in 2007.
Equatorial Guinea ranks 47th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Goods and services expense in Equatorial Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 87.84 billion current LCU | — |
| 2007 | 85.58 billion current LCU | -2.6% |
| 2008 | 140.16 billion current LCU | +63.8% |
| 2009 | 157.17 billion current LCU | +12.1% |
| 2010 | 187.62 billion current LCU | +19.4% |
| 2011 | 211.88 billion current LCU | +12.9% |
| 2012 | 433.21 billion current LCU | +104.5% |
| 2013 | 488.64 billion current LCU | +12.8% |
| 2014 | 417.88 billion current LCU | -14.5% |
| 2015 | 260.06 billion current LCU | -37.8% |
| 2016 | 262.96 billion current LCU | +1.1% |
| 2017 | 269.53 billion current LCU | +2.5% |
| 2018 | 284.90 billion current LCU | +5.7% |
| 2019 | 285.36 billion current LCU | +0.2% |
| 2020 | 245.89 billion current LCU | -13.8% |
| 2021 | 229.46 billion current LCU | -6.7% |
| 2022 | 239.40 billion current LCU | +4.3% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 239.40 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 6.2× the median. (46 countries reporting)
- Equatorial Guinea's 239.40 billion current LCU is above the median for Sub-Saharan Africa, which is 189.83 billion current LCU, 1.3× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense in Equatorial 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.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +104.5% | 211.88 billion current LCU | 433.21 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 117.69 billion current LCU | 85.58 billion current LCU | 157.17 billion current LCU | 4 |
| 2010s | 310.20 billion current LCU | 187.62 billion current LCU | 488.64 billion current LCU | 10 |
| 2020s | 238.25 billion current LCU | 229.46 billion current LCU | 245.89 billion current LCU | 3 |
Countries ranked near Equatorial Guinea
- 44 Sri Lanka 299.70 billion current LCU compare
- 45 Afghanistan 276.17 billion current LCU compare
- 46 Dominican Republic 260.06 billion current LCU compare
- 48 Gabon 232.20 billion current LCU compare
- 49 South Africa 205.65 billion current LCU compare
- 50 Czechia 205.44 billion current LCU compare
More public sector data for Equatorial Guinea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is goods and services expense in Equatorial Guinea?
- Goods and services expense in Equatorial Guinea was 239.40 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Equatorial Guinea?
- The highest recorded value was 488.64 billion current LCU in 2013.
- What is the lowest goods and services expense recorded in Equatorial Guinea?
- The lowest recorded value was 85.58 billion current LCU in 2007.
- How does Equatorial Guinea rank for goods and services expense?
- Equatorial Guinea ranks 47th out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in Equatorial Guinea?
- Over the last ten years it is down 44.7%. The long-run trend across the full record is rising.
- Where does this Equatorial Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.