Goods and services expense in Guinea-Bissau
Guinea-Bissau: Goods and services expense was 32.4% in 2023. ▼ Falling
Goods and services expense in Guinea-Bissau, 2017–2023
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 Guinea-Bissau is 32.4%, measured in 2023.
That represents a change of up 18.6% on the previous year and down 23.8% over ten years.
That places Guinea-Bissau 11th out of 154 countries with data for 2023, putting it in the top 10%.
Goods and services expense in Guinea-Bissau, year by year
| Year | % of expense | Change |
|---|---|---|
| 2017 | 42.5% | — |
| 2018 | 27.6% | -35.2% |
| 2019 | 22.3% | -19.2% |
| 2020 | 34.3% | +53.8% |
| 2021 | 27.8% | -18.9% |
| 2022 | 27.3% | -1.7% |
| 2023 | 32.4% | +18.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 30.8% | 22.3% | 42.5% | 3 |
| 2020s | 30.4% | 27.3% | 34.3% | 4 |
Countries ranked near Guinea-Bissau
- 8 Naoero 35.6%
- 9 Cameroon 33.6% compare
- 10 Micronesia (country) 32.9%
- 12 Central African Republic 31.7% compare
- 13 Vanuatu 29.8% compare
- 14 Kiribati 29.4% compare
More public sector data for Guinea-Bissau
- Arms imports 5.00 million SIPRI trend indicator values (1993)
- Arms imports (SIPRI trend indicator values), per capita 4.72 SIPRI trend indicator values per person (1993)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0081 SIPRI trend indicator values per US$ of GDP (1993)
- Arms imports (SIPRI trend indicator values), annual growth rate -70 % change on previous year (1991)
- Arms imports (SIPRI trend indicator values), gaps filled 5.00 million SIPRI trend indicator values (1993)
- Military expenditure (current USD), per capita 11.75 current USD per person (2023)
- Military expenditure (current USD), per unit of GDP 0.0122 current USD per US$ of GDP (2023)
- Military expenditure (current USD), annual growth rate 3.07 % change on previous year (2023)
- Military expenditure (current USD), gaps filled 25.29 million current USD (2023)
- Arms imports (SIPRI trend indicator values), per square kilometre 177.81 SIPRI trend indicator values per square kilometre (1993)
Frequently asked questions
- What is goods and services expense in Guinea-Bissau?
- Goods and services expense in Guinea-Bissau was 32.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Guinea-Bissau?
- The highest recorded value was 42.5% in 2017.
- What is the lowest goods and services expense recorded in Guinea-Bissau?
- The lowest recorded value was 22.3% in 2019.
- How does Guinea-Bissau rank for goods and services expense?
- Guinea-Bissau ranks 11th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Guinea-Bissau?
- Over the last ten years it is down 23.8%. The long-run trend across the full record is falling.
- Where does this Guinea-Bissau 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.