Taxes on income, profits and capital gains in Guinea-Bissau
Guinea-Bissau: Taxes on income, profits and capital gains was 29.5% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Guinea-Bissau, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
Guinea-Bissau recorded 29.5% for taxes on income, profits and capital gains in 2024.
That represents a change of down 6.5% on the previous year and up 20.1% over ten years.
That places Guinea-Bissau 111th out of 153 countries with data for 2024, putting it in the middle of the range.
Taxes on income, profits and capital gains in Guinea-Bissau, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2017 | 24.6% | — |
| 2018 | 26.4% | +7.6% |
| 2019 | 29.9% | +13.1% |
| 2020 | 28.6% | -4.4% |
| 2021 | 26.8% | -6.2% |
| 2022 | 32.7% | +21.8% |
| 2023 | 31.5% | -3.5% |
| 2024 | 29.5% | -6.5% |
Guinea-Bissau compared with similar countries
- Guinea-Bissau's 29.5% is below the median for low income countries, which is 29.5%, 100% of the median. (15 countries reporting)
- Guinea-Bissau's 29.5% is below the median for Sub-Saharan Africa, which is 33.6%, 88% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 27.0% | 24.6% | 29.9% | 3 |
| 2020s | 29.8% | 26.8% | 32.7% | 5 |
Countries ranked near Guinea-Bissau
- 108 Honduras 29.6%
- 109 Ethiopia 29.6% compare
- 110 Niger 29.5%
- 112 Ecuador 29.2% compare
- 113 North Macedonia 28.8% compare
- 114 Cote d'Ivoire 28.8% compare
More public sector data for Guinea-Bissau
- Democracy, annual growth rate -100 % 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 -100 % change on previous year (2023)
- Elected parliament, annual growth rate -100 % change on previous year (2023)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (2025)
- Democracy 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Guinea-Bissau?
- Taxes on income, profits and capital gains in Guinea-Bissau was 29.5% in 2024, 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 Guinea-Bissau?
- The highest recorded value was 32.7% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Guinea-Bissau?
- The lowest recorded value was 24.6% in 2017.
- How does Guinea-Bissau rank for taxes on income, profits and capital gains?
- Guinea-Bissau ranks 111th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Guinea-Bissau?
- Over the last ten years it is up 20.1%. 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 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.