Guinea-Bissau—Tax Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #125 of 139Updated June 2026
Latest Value
8.6%
2023
YoY Change
-0.6%
2022 → 2023
Global Rank
#125
of 139 countries
Maximum
9.5%
2017
Minimum
6.9%
2020
CAGR
-1.5%
7 years
Last
8.6%
Previous
8.7%
Highest
9.5%
Lowest
6.9%
Source
World Bank World Development Indicators
Guinea-Bissau's tax revenue (% of GDP) was 8.6% in 2023, ranking #125 out of 139 countries. This represents a -0.6% change from 2022. Over the past 7 years, the highest recorded value was 9.5% (2017) and the lowest was 6.9% (2020). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 8.6% | -0.6% |
| 2022 | 8.7% | -1.0% |
| 2021 | 8.8% | +26.5% |
| 2020 | 6.9% | -18.6% |
| 2019 | 8.5% | -3.7% |
| 2018 | 8.9% | -6.6% |
| 2017 | 9.5% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Lesotho | 37.3% | 2024 |
| 2 | Denmark | 33.4% | 2024 |
| 3 | Namibia | 33.0% | 2023 |
| 4 | New Zealand | 29.7% | 2024 |
| 5 | Luxembourg | 28.6% | 2024 |
| 6 | Greece | 27.4% | 2024 |
| 7 | Sweden | 27.3% | 2024 |
| 8 | United Kingdom | 27.0% | 2024 |
| 9 | Austria | 25.8% | 2024 |
| 10 | Italy | 25.6% | 2024 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).