Taxes on goods and services in Equatorial Guinea
Equatorial Guinea: Taxes on goods and services was 4.0% in 2022. ◆ Volatile
Taxes on goods and services in Equatorial Guinea, 2006–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2022, taxes on goods and services in Equatorial Guinea stood at 4.0%.
Compared with earlier readings it is down 33.8% on the previous year and up 32.0% over ten years.
Over the whole period, taxes on goods and services in Equatorial Guinea peaked at 10.4% in 2020 and was at its lowest, 1.0%, in 2008.
Equatorial Guinea ranks 150th of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services in Equatorial Guinea, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2006 | 1.4% | — |
| 2007 | 1.3% | -4.4% |
| 2008 | 1.0% | -24.4% |
| 2009 | 1.9% | +87.4% |
| 2010 | 2.1% | +14.1% |
| 2011 | 1.9% | -10.1% |
| 2012 | 3.0% | +57.2% |
| 2013 | 2.1% | -30.3% |
| 2014 | 2.4% | +16.2% |
| 2015 | 4.7% | +95.4% |
| 2016 | 7.1% | +49.7% |
| 2017 | 6.1% | -14.0% |
| 2018 | 6.5% | +6.5% |
| 2019 | 7.8% | +20.4% |
| 2020 | 10.4% | +32.4% |
| 2021 | 6.0% | -42.4% |
| 2022 | 4.0% | -33.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | 1.0% | 1.9% | 4 |
| 2010s | 4.4% | 1.9% | 7.8% | 10 |
| 2020s | 6.8% | 4.0% | 10.4% | 3 |
Countries ranked near Equatorial Guinea
- 147 Marshall Islands 8.4% compare
- 148 Somalia 5.8% compare
- 149 Timor-Leste 5.4% compare
- 151 Iran, Islamic Republic of 3.5%
- 152 Micronesia, Federated States of 3.4% compare
- 153 Naoero 2.7% compare
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 taxes on goods and services in Equatorial Guinea?
- Taxes on goods and services in Equatorial Guinea was 4.0% 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 10.4% in 2020.
- What is the lowest taxes on goods and services recorded in Equatorial Guinea?
- The lowest recorded value was 1.0% in 2008.
- How does Equatorial Guinea rank for taxes on goods and services?
- Equatorial Guinea ranks 150th out of 156 countries with data for 2022.
- Is taxes on goods and services rising or falling in Equatorial Guinea?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is volatile.
- 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 (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.