Taxes on goods and services (current LCU) in Guinea-Bissau
Guinea-Bissau: Taxes on goods and services (current LCU) was 44.37 billion current LCU in 2024. ▲ Rising
Taxes on goods and services in Guinea-Bissau, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Guinea-Bissau recorded 44.37 billion current LCU for taxes on goods and services in 2024. That is the highest value across all 8 years on record.
That represents a change of up 2.5% on the previous year and up 31.6% over ten years.
That places Guinea-Bissau 91st out of 157 countries with data for 2024, putting it in the middle of the range.
Taxes on goods and services (current LCU) in Guinea-Bissau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 33.72 billion current LCU | — |
| 2018 | 30.56 billion current LCU | -9.4% |
| 2019 | 30.21 billion current LCU | -1.1% |
| 2020 | 29.46 billion current LCU | -2.5% |
| 2021 | 38.78 billion current LCU | +31.6% |
| 2022 | 34.80 billion current LCU | -10.3% |
| 2023 | 43.30 billion current LCU | +24.4% |
| 2024 | 44.37 billion current LCU | +2.5% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 44.37 billion current LCU is below the median for low income countries, which is 654.58 billion current LCU, 7% of the median. (15 countries reporting)
- Guinea-Bissau's 44.37 billion current LCU is below the median for Sub-Saharan Africa, which is 230.02 billion current LCU, 19% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 31.50 billion current LCU | 30.21 billion current LCU | 33.72 billion current LCU | 3 |
| 2020s | 38.14 billion current LCU | 29.46 billion current LCU | 44.37 billion current LCU | 5 |
Countries ranked near Guinea-Bissau
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)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (2023)
- Elected parliament, annual growth rate -100 % change on previous year (2023)
- 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 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on goods and services in Guinea-Bissau?
- Taxes on goods and services in Guinea-Bissau was 44.37 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Guinea-Bissau?
- The highest recorded value was 44.37 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Guinea-Bissau?
- The lowest recorded value was 29.46 billion current LCU in 2020.
- How does Guinea-Bissau rank for taxes on goods and services?
- Guinea-Bissau ranks 91st out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Guinea-Bissau?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is rising.
- 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.