Taxes on goods and services in Equatorial Guinea
Equatorial Guinea: Taxes on goods and services was 1.1% 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 % value added of industry and services.
Analysis
Equatorial Guinea recorded 1.1% for taxes on goods and services in 2022.
Compared with earlier readings it is up 13.7% on the previous year and up 28.8% over ten years.
Over the whole period, taxes on goods and services in Equatorial Guinea peaked at 1.5% in 2020 and was at its lowest, 0.3%, in 2008.
That places Equatorial Guinea 150th out of 154 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Taxes on goods and services in Equatorial Guinea, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2006 | 0.6% | — |
| 2007 | 0.5% | -11.8% |
| 2008 | 0.3% | -29.9% |
| 2009 | 0.6% | +82.7% |
| 2010 | 0.6% | -9.3% |
| 2011 | 0.5% | -5.2% |
| 2012 | 0.8% | +55.1% |
| 2013 | 0.5% | -37.2% |
| 2014 | 0.6% | +13.0% |
| 2015 | 1.3% | +114.9% |
| 2016 | 1.2% | -3.9% |
| 2017 | 1.1% | -11.2% |
| 2018 | 1.3% | +21.2% |
| 2019 | 1.5% | +13.6% |
| 2020 | 1.5% | +3.0% |
| 2021 | 0.9% | -38.6% |
| 2022 | 1.1% | +13.7% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 1.1% is below the median for upper middle income countries, which is 9.8%, 11% of the median. (48 countries reporting)
- Equatorial Guinea's 1.1% is below the median for Sub-Saharan Africa, which is 8.3%, 13% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5% | 0.3% | 0.6% | 4 |
| 2010s | 0.9% | 0.5% | 1.5% | 10 |
| 2020s | 1.2% | 0.9% | 1.5% | 3 |
Countries ranked near Equatorial Guinea
- 147 Bahrain 2.2% compare
- 148 Angola 2.2% compare
- 149 Micronesia, Federated States of 1.7% compare
- 151 Iran, Islamic Republic of 0.9%
- 152 United Arab Emirates 0.7% compare
- 153 United States of America 0.4% 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 1.1% 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 1.5% in 2020.
- What is the lowest taxes on goods and services recorded in Equatorial Guinea?
- The lowest recorded value was 0.3% in 2008.
- How does Equatorial Guinea rank for taxes on goods and services?
- Equatorial Guinea ranks 150th out of 154 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 28.8%. 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.