Taxes on income, profits and capital gains in Equatorial Guinea
Equatorial Guinea: Taxes on income, profits and capital gains was 79.2% in 2022. ▼ Falling
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 total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Equatorial Guinea is 79.2%, measured in 2022.
The figure is up 6.8% on the previous year and down 8.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Equatorial Guinea peaked at 93.9% in 2008 and was at its lowest, 62.5%, in 2017.
Equatorial Guinea ranks 3rd of 153 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
Taxes on income, profits and capital gains in Equatorial Guinea, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2006 | 91.6% | — |
| 2007 | 89.7% | -2.0% |
| 2008 | 93.9% | +4.7% |
| 2009 | 93.4% | -0.5% |
| 2010 | 88.9% | -4.9% |
| 2011 | 88.8% | -0.1% |
| 2012 | 86.6% | -2.5% |
| 2013 | 89.6% | +3.5% |
| 2014 | 87.0% | -3.0% |
| 2015 | 86.1% | -1.0% |
| 2016 | 73.4% | -14.7% |
| 2017 | 62.5% | -14.8% |
| 2018 | 70.3% | +12.4% |
| 2019 | 80.0% | +13.8% |
| 2020 | 76.5% | -4.4% |
| 2021 | 74.2% | -3.0% |
| 2022 | 79.2% | +6.8% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 79.2% is above the median for upper middle income countries, which is 37.1%, 2.1× the median. (48 countries reporting)
- Equatorial Guinea's 79.2% is above the median for Sub-Saharan Africa, which is 33.6%, 2.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.1% | 89.7% | 93.9% | 4 |
| 2010s | 81.3% | 62.5% | 89.6% | 10 |
| 2020s | 76.6% | 74.2% | 79.2% | 3 |
Countries ranked near Equatorial Guinea
- 1 United States 93.0% compare
- 2 East Timor 81.8% compare
- 4 Canada 78.5% compare
- 5 Australia 76.6% compare
- 6 Angola 70.1% compare
More public sector data for Equatorial Guinea
- Democracy, annual growth rate 0 % change on previous year (2025)
- 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 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
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 79.2% 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 93.9% in 2008.
- What is the lowest taxes on income, profits and capital gains recorded in Equatorial Guinea?
- The lowest recorded value was 62.5% in 2017.
- How does Equatorial Guinea rank for taxes on income, profits and capital gains?
- Equatorial Guinea ranks 3rd 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 8.6%. The long-run trend across the full record is falling.
- 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.