Taxes on goods and services in Guinea-Bissau
Guinea-Bissau: Taxes on goods and services was 6.1% in 2024. ▬ Flat
Taxes on goods and services in Guinea-Bissau, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Guinea-Bissau is 6.1%, measured in 2024.
The figure is up 4.7% on the previous year and down 12.4% over ten years.
Guinea-Bissau ranks 119th of 154 countries on this measure, in the bottom quarter.
Taxes on goods and services in Guinea-Bissau, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2017 | 7.0% | — |
| 2018 | 5.8% | -17.0% |
| 2019 | 5.1% | -11.4% |
| 2020 | 5.0% | -1.4% |
| 2021 | 6.7% | +32.7% |
| 2022 | 5.3% | -20.1% |
| 2023 | 5.8% | +9.0% |
| 2024 | 6.1% | +4.7% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 6.1% is below the median for low income countries, which is 8.3%, 74% of the median. (14 countries reporting)
- Guinea-Bissau's 6.1% is below the median for Sub-Saharan Africa, which is 8.3%, 74% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.9% | 5.1% | 7.0% | 3 |
| 2020s | 5.8% | 5.0% | 6.7% | 5 |
Countries ranked near Guinea-Bissau
- 116 Côte d'Ivoire 6.5% compare
- 117 Egypt 6.4%
- 118 Ireland 6.2% compare
- 120 Afghanistan 6.1%
- 121 Sri Lanka 6.0% compare
- 122 Papua New Guinea 5.7% compare
More public sector data for Guinea-Bissau
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 5.00 million SIPRI trend indicator values (1993)
- Military expenditure (current USD), per capita 11.75 current USD per person (2023)
- Military expenditure (current USD), per unit of GDP 0.0122 current USD per US$ of GDP (2023)
- Military expenditure (current USD), annual growth rate 3.07 % change on previous year (2023)
- Military expenditure (current USD), gaps filled 25.29 million current USD (2023)
- Arms imports (SIPRI trend indicator values), per square kilometre 177.81 SIPRI trend indicator values per square kilometre (1993)
Frequently asked questions
- What is taxes on goods and services in Guinea-Bissau?
- Taxes on goods and services in Guinea-Bissau was 6.1% 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 7.0% in 2017.
- What is the lowest taxes on goods and services recorded in Guinea-Bissau?
- The lowest recorded value was 5.0% in 2020.
- How does Guinea-Bissau rank for taxes on goods and services?
- Guinea-Bissau ranks 119th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Guinea-Bissau?
- Over the last ten years it is down 12.4%. The long-run trend across the full record is flat.
- 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 (% 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.