Equatorial Guinea—Taxes on Goods & Services (% of revenue)
Equatorial Guinea's taxes on goods & services (% of revenue) was 4.0% in 2022, ranking #136 out of 139 countries. This represents a -33.8% change from 2021. Over the past 17 years, the highest recorded value was 10.4% (2020) and the lowest was 1.0% (2008). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 4.0% | -33.8% |
| 2021 | 6.0% | -42.4% |
| 2020 | 10.4% | +32.4% |
| 2019 | 7.8% | +20.4% |
| 2018 | 6.5% | +6.5% |
| 2017 | 6.1% | -14.0% |
| 2016 | 7.1% | +49.7% |
| 2015 | 4.7% | +95.4% |
| 2014 | 2.4% | +16.2% |
| 2013 | 2.1% | -30.3% |
| 2012 | 3.0% | +57.2% |
| 2011 | 1.9% | -10.1% |
| 2010 | 2.1% | +14.1% |
| 2009 | 1.9% | +87.4% |
| 2008 | 1.0% | -24.4% |
| 2007 | 1.3% | -4.4% |
| 2006 | 1.4% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 76.2% | 2024 |
| 2 | Bahamas, The | 58.7% | 2024 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.9% | 2024 |
| 6 | Lebanon | 48.4% | 2024 |
| 7 | Armenia | 48.2% | 2024 |
| 8 | Dominican Republic | 47.9% | 2024 |
| 9 | Nicaragua | 47.5% | 2024 |
| 10 | Croatia | 47.1% | 2023 |
About This Indicator
Definition
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 revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Unit
% of revenue