Tax revenue in Equatorial Guinea
Equatorial Guinea: Tax revenue was 6.6% in 2022. ▼ Falling
Tax revenue in Equatorial Guinea, 2006–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Equatorial Guinea is 6.6%, measured in 2022.
The figure is up 22.3% on the previous year and down 24.6% over ten years.
Over the whole period, tax revenue in Equatorial Guinea peaked at 12.8% in 2009 and was at its lowest, 5.4%, in 2021.
Equatorial Guinea ranks 149th of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Tax revenue in Equatorial Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 9.7% | — |
| 2007 | 7.5% | -21.9% |
| 2008 | 7.8% | +3.2% |
| 2009 | 12.8% | +63.9% |
| 2010 | 7.6% | -40.6% |
| 2011 | 7.0% | -7.5% |
| 2012 | 8.7% | +24.6% |
| 2013 | 8.5% | -2.6% |
| 2014 | 8.3% | -2.6% |
| 2015 | 11.5% | +38.1% |
| 2016 | 6.4% | -44.3% |
| 2017 | 6.0% | -6.3% |
| 2018 | 6.2% | +3.1% |
| 2019 | 9.3% | +50.8% |
| 2020 | 8.0% | -13.9% |
| 2021 | 5.4% | -32.7% |
| 2022 | 6.6% | +22.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.4% | 7.5% | 12.8% | 4 |
| 2010s | 7.9% | 6.0% | 11.5% | 10 |
| 2020s | 6.7% | 5.4% | 8.0% | 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 tax revenue in Equatorial Guinea?
- Tax revenue in Equatorial Guinea was 6.6% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Equatorial Guinea?
- The highest recorded value was 12.8% in 2009.
- What is the lowest tax revenue recorded in Equatorial Guinea?
- The lowest recorded value was 5.4% in 2021.
- How does Equatorial Guinea rank for tax revenue?
- Equatorial Guinea ranks 149th out of 157 countries with data for 2022.
- Is tax revenue rising or falling in Equatorial Guinea?
- Over the last ten years it is down 24.6%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.