Taxes on income, profits and capital gains in Equatorial Guinea
Equatorial Guinea: Taxes on income, profits and capital gains was 19.8% in 2022. ▲ Rising
Taxes on income, profits and capital gains in Equatorial Guinea, 2006–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Equatorial Guinea recorded 19.8% for taxes on income, profits and capital gains in 2022.
The figure is down 24.1% on the previous year and down 27.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Equatorial Guinea peaked at 42.6% in 2020 and was at its lowest, 18.4%, in 2007.
That places Equatorial Guinea 94th out of 153 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Taxes on income, profits and capital gains in Equatorial Guinea, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2006 | 22.2% | — |
| 2007 | 18.4% | -17.2% |
| 2008 | 21.2% | +15.4% |
| 2009 | 35.7% | +68.6% |
| 2010 | 25.3% | -29.2% |
| 2011 | 22.0% | -13.0% |
| 2012 | 27.1% | +23.1% |
| 2013 | 30.5% | +12.6% |
| 2014 | 29.8% | -2.3% |
| 2015 | 37.4% | +25.4% |
| 2016 | 27.9% | -25.5% |
| 2017 | 21.5% | -22.9% |
| 2018 | 21.9% | +1.9% |
| 2019 | 40.0% | +82.5% |
| 2020 | 42.6% | +6.6% |
| 2021 | 26.0% | -39.0% |
| 2022 | 19.8% | -24.1% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 19.8% is below the median for upper middle income countries, which is 22.7%, 87% of the median. (48 countries reporting)
- Equatorial Guinea's 19.8% is below the median for Sub-Saharan Africa, which is 25.5%, 77% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.4% | 18.4% | 35.7% | 4 |
| 2010s | 28.3% | 21.5% | 40.0% | 10 |
| 2020s | 29.5% | 19.8% | 42.6% | 3 |
Countries ranked near Equatorial Guinea
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 income, profits and capital gains in Equatorial Guinea?
- Taxes on income, profits and capital gains in Equatorial Guinea was 19.8% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Equatorial Guinea?
- The highest recorded value was 42.6% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Equatorial Guinea?
- The lowest recorded value was 18.4% in 2007.
- How does Equatorial Guinea rank for taxes on income, profits and capital gains?
- Equatorial Guinea ranks 94th out of 153 countries with data for 2022.
- Is taxes on income, profits and capital gains rising or falling in Equatorial Guinea?
- Over the last ten years it is down 27.1%. 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.