Goods and services expense in Equatorial Guinea
Equatorial Guinea: Goods and services expense was 25.4% in 2022. ▼ Falling
Goods and services expense in Equatorial Guinea, 2006–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Equatorial Guinea is 25.4%, measured in 2022. That is the lowest value across all 17 years on record.
That represents a change of down 22.4% on the previous year and down 52.2% over ten years.
Over the whole period, goods and services expense in Equatorial Guinea peaked at 56.0% in 2013 and was at its lowest, 25.4%, in 2022.
That places Equatorial Guinea 28th out of 154 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Goods and services expense in Equatorial Guinea, year by year
| Year | % of expense | Change |
|---|---|---|
| 2006 | 45.2% | — |
| 2007 | 39.9% | -11.7% |
| 2008 | 38.1% | -4.4% |
| 2009 | 45.5% | +19.5% |
| 2010 | 41.3% | -9.2% |
| 2011 | 42.3% | +2.4% |
| 2012 | 53.1% | +25.5% |
| 2013 | 56.0% | +5.5% |
| 2014 | 54.8% | -2.2% |
| 2015 | 33.6% | -38.8% |
| 2016 | 38.5% | +14.8% |
| 2017 | 38.4% | -0.3% |
| 2018 | 37.9% | -1.2% |
| 2019 | 37.6% | -1.0% |
| 2020 | 35.2% | -6.2% |
| 2021 | 32.7% | -7.2% |
| 2022 | 25.4% | -22.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.2% | 38.1% | 45.5% | 4 |
| 2010s | 43.4% | 33.6% | 56.0% | 10 |
| 2020s | 31.1% | 25.4% | 35.2% | 3 |
Countries ranked near Equatorial Guinea
More public sector data for Equatorial Guinea
- Arms imports 12.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 6.34 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0009 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -96.67 % change on previous year (2013)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 59.78 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0085 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -30.25 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 113.14 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 0 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is goods and services expense in Equatorial Guinea?
- Goods and services expense in Equatorial Guinea was 25.4% 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 56.0% in 2013.
- What is the lowest goods and services expense recorded in Equatorial Guinea?
- The lowest recorded value was 25.4% in 2022.
- How does Equatorial Guinea rank for goods and services expense?
- Equatorial Guinea ranks 28th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Equatorial Guinea?
- Over the last ten years it is down 52.2%. The long-run trend across the full record is falling.
- 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 (% of expense). Statizoid updates them automatically from the source API.
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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.