Goods and services expense (% of expense) in Guinea-Bissau
Guinea-Bissau: Goods and services expense (% of 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 (% of 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% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 32.4% is above the median for low income countries, which is 20.4%, 1.6× the median. (16 countries reporting)
- Guinea-Bissau's 32.4% is above the median for Sub-Saharan Africa, which is 18.9%, 1.7× the median. (36 countries reporting)
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 Nauru 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
- Democracy, annual growth rate -100 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (2025)
- Elected parliament, annual growth rate -100 % change on previous year (2023)
- 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 -100 % change on previous year (2023)
- 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)
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.