Indirect taxes in Guinea
Guinea: Indirect taxes was 125.70 billion current LCU in 1994. ◆ Volatile
Indirect taxes in Guinea, 1986–1994
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 1994, indirect taxes in Guinea stood at 125.70 billion current LCU. That is the highest value across all 9 years on record.
Compared with earlier readings it is up 11.8% on the previous year and up 3,042.5% over ten years.
Over the whole period, indirect taxes in Guinea peaked at 125.70 billion current LCU in 1994 and was at its lowest, 4.00 billion current LCU, in 1986.
Guinea ranks 8th of 23 countries on this measure, in the middle of the range.
Indirect taxes in Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1986 | 4.00 billion current LCU | — |
| 1987 | 10.40 billion current LCU | +160.0% |
| 1988 | 23.40 billion current LCU | +125.0% |
| 1989 | 38.00 billion current LCU | +62.4% |
| 1990 | 41.68 billion current LCU | +9.7% |
| 1991 | 85.15 billion current LCU | +104.3% |
| 1992 | 98.93 billion current LCU | +16.2% |
| 1993 | 112.39 billion current LCU | +13.6% |
| 1994 | 125.70 billion current LCU | +11.8% |
Guinea compared with similar countries
- Guinea's 125.70 billion current LCU is above the median for Sub-Saharan Africa, which is 71.72 billion current LCU, 1.8× the median. (22 countries reporting)
- Guinea's 125.70 billion current LCU is above the median for lower middle income countries, which is 124.10 billion current LCU, 1.0× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 18.95 billion current LCU | 4.00 billion current LCU | 38.00 billion current LCU | 4 |
| 1990s | 92.77 billion current LCU | 41.68 billion current LCU | 125.70 billion current LCU | 5 |
Countries ranked near Guinea
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is indirect taxes in Guinea?
- Indirect taxes in Guinea was 125.70 billion current LCU in 1994, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest indirect taxes recorded in Guinea?
- The highest recorded value was 125.70 billion current LCU in 1994.
- What is the lowest indirect taxes recorded in Guinea?
- The lowest recorded value was 4.00 billion current LCU in 1986.
- How does Guinea rank for indirect taxes?
- Guinea ranks 8th out of 23 countries with data for 1994.
- Is indirect taxes rising or falling in Guinea?
- Over the last ten years it is up 3,042.5%. The long-run trend across the full record is volatile.
- Where does this Guinea data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Indirect taxes (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments made by institutional units to government units. Indirect taxes consists of ‘taxes on products’ payable on goods and services when they are produced, delivered, sold, transferred or otherwise disposed by their producers, plus ‘other taxes on production’. Data are in current local currency.