Taxes on goods and services (% of revenue) in Guinea-Bissau
Guinea-Bissau: Taxes on goods and services (% of revenue) was 25.8% 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 % of revenue.
Analysis
The most recent figure for taxes on goods and services in Guinea-Bissau is 25.8%, measured in 2024.
That represents a change of down 2.4% on the previous year and up 8.8% over ten years.
That places Guinea-Bissau 103rd out of 156 countries with data for 2024, putting it in the middle of the range.
Taxes on goods and services (% of revenue) in Guinea-Bissau, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2017 | 23.7% | — |
| 2018 | 24.3% | +2.5% |
| 2019 | 23.4% | -3.8% |
| 2020 | 21.8% | -6.7% |
| 2021 | 27.1% | +23.9% |
| 2022 | 21.1% | -21.9% |
| 2023 | 26.5% | +25.2% |
| 2024 | 25.8% | -2.4% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 25.8% is below the median for low income countries, which is 30.5%, 85% of the median. (15 countries reporting)
- Guinea-Bissau's 25.8% is below the median for Sub-Saharan Africa, which is 32.6%, 79% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 23.8% | 23.4% | 24.3% | 3 |
| 2020s | 24.5% | 21.1% | 27.1% | 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)
- 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 taxes on goods and services in Guinea-Bissau?
- Taxes on goods and services in Guinea-Bissau was 25.8% 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 27.1% in 2021.
- What is the lowest taxes on goods and services recorded in Guinea-Bissau?
- The lowest recorded value was 21.1% in 2022.
- How does Guinea-Bissau rank for taxes on goods and services?
- Guinea-Bissau ranks 103rd out of 156 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 8.8%. 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.