Equatorial Guinea—Government Expense (% of GDP)
Equatorial Guinea's government expense (% of GDP) was 11.0% in 2022, ranking #130 out of 138 countries. This represents a +6.6% change from 2021. Over the past 17 years, the highest recorded value was 12.3% (2020) and the lowest was 3.4% (2007). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 11.0% | +6.6% |
| 2021 | 10.4% | -15.5% |
| 2020 | 12.3% | +7.4% |
| 2019 | 11.4% | +10.6% |
| 2018 | 10.3% | +4.2% |
| 2017 | 9.9% | -3.4% |
| 2016 | 10.2% | +3.0% |
| 2015 | 9.9% | +40.2% |
| 2014 | 7.1% | -11.8% |
| 2013 | 8.0% | +12.7% |
| 2012 | 7.1% | +43.4% |
| 2011 | 5.0% | -11.6% |
| 2010 | 5.6% | +15.6% |
| 2009 | 4.9% | +17.0% |
| 2008 | 4.2% | +21.4% |
| 2007 | 3.4% | -7.1% |
| 2006 | 3.7% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP