Taxes on goods and services (current LCU) in Equatorial Guinea
Equatorial Guinea: Taxes on goods and services (current LCU) was 89.25 billion current LCU in 2022. ▲ Rising
Taxes on goods and services 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 89.25 billion current LCU for taxes on goods and services in 2022.
The figure is up 43.4% on the previous year and down 6.7% over ten years.
Over the whole period, taxes on goods and services in Equatorial Guinea peaked at 97.49 billion current LCU in 2015 and was at its lowest, 28.85 billion current LCU, in 2006.
Equatorial Guinea ranks 80th of 157 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.
Taxes on goods and services (current LCU) in Equatorial Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 28.85 billion current LCU | — |
| 2007 | 30.27 billion current LCU | +4.9% |
| 2008 | 30.25 billion current LCU | -0.1% |
| 2009 | 44.00 billion current LCU | +45.4% |
| 2010 | 45.61 billion current LCU | +3.7% |
| 2011 | 54.28 billion current LCU | +19.0% |
| 2012 | 95.68 billion current LCU | +76.3% |
| 2013 | 56.63 billion current LCU | -40.8% |
| 2014 | 63.16 billion current LCU | +11.5% |
| 2015 | 97.49 billion current LCU | +54.4% |
| 2016 | 79.51 billion current LCU | -18.4% |
| 2017 | 75.25 billion current LCU | -5.4% |
| 2018 | 93.66 billion current LCU | +24.5% |
| 2019 | 96.99 billion current LCU | +3.6% |
| 2020 | 84.86 billion current LCU | -12.5% |
| 2021 | 62.24 billion current LCU | -26.7% |
| 2022 | 89.25 billion current LCU | +43.4% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 89.25 billion current LCU is below the median for upper middle income countries, which is 103.35 billion current LCU, 86% of the median. (48 countries reporting)
- Equatorial Guinea's 89.25 billion current LCU is below the median for Sub-Saharan Africa, which is 230.02 billion current LCU, 39% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.34 billion current LCU | 28.85 billion current LCU | 44.00 billion current LCU | 4 |
| 2010s | 75.83 billion current LCU | 45.61 billion current LCU | 97.49 billion current LCU | 10 |
| 2020s | 78.78 billion current LCU | 62.24 billion current LCU | 89.25 billion current LCU | 3 |
Countries ranked near Equatorial Guinea
More public sector data for Equatorial Guinea
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 taxes on goods and services in Equatorial Guinea?
- Taxes on goods and services in Equatorial Guinea was 89.25 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Equatorial Guinea?
- The highest recorded value was 97.49 billion current LCU in 2015.
- What is the lowest taxes on goods and services recorded in Equatorial Guinea?
- The lowest recorded value was 28.85 billion current LCU in 2006.
- How does Equatorial Guinea rank for taxes on goods and services?
- Equatorial Guinea ranks 80th out of 157 countries with data for 2022.
- Is taxes on goods and services rising or falling in Equatorial Guinea?
- Over the last ten years it is down 6.7%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.