Share of products from least-developed countries that have no tariff in Equatorial Guinea
Equatorial Guinea: Share of products from least-developed countries that have no tariff was 37.9% in 2024. ▼ Falling
Share of products from least-developed countries that have no tariff in Equatorial Guinea, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for share of products from least-developed countries that have no tariff in Equatorial Guinea is 37.9%, measured in 2024.
The figure is up 0.3% on the previous year and down 51.3% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Equatorial Guinea peaked at 79.9% in 2005 and was at its lowest, 29.2%, in 2022.
Equatorial Guinea ranks 213th of 230 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Equatorial Guinea, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 79.9% | — |
| 2010 | 79.1% | -1.0% |
| 2015 | 77.8% | -1.7% |
| 2016 | 64.7% | -16.8% |
| 2017 | 57.0% | -11.9% |
| 2018 | 58.4% | +2.3% |
| 2019 | 56.2% | -3.7% |
| 2020 | 58.5% | +4.0% |
| 2021 | 33.8% | -42.1% |
| 2022 | 29.2% | -13.7% |
| 2023 | 37.8% | +29.4% |
| 2024 | 37.9% | +0.3% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 37.9% is below the median for upper middle income countries, which is 65.5%, 58% of the median. (58 countries reporting)
- Equatorial Guinea's 37.9% is below the median for Sub-Saharan Africa, which is 67.7%, 56% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 79.9% | 79.9% | 79.9% | 1 |
| 2010s | 65.5% | 56.2% | 79.1% | 6 |
| 2020s | 39.4% | 29.2% | 58.5% | 5 |
Countries ranked near Equatorial Guinea
More economy & growth data for Equatorial Guinea
- Foreign direct investment, net outflows (BoP, current US$), gaps 153.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0116 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.26 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 188.01 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 32.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 99.34 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -30.01 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0812 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 568.98 includes gold, current US$ per person (2024)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Equatorial Guinea?
- Share of products from least-developed countries that have no tariff in Equatorial Guinea was 37.9% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Equatorial Guinea?
- The highest recorded value was 79.9% in 2005.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Equatorial Guinea?
- The lowest recorded value was 29.2% in 2022.
- How does Equatorial Guinea rank for share of products from least-developed countries that have no tariff?
- Equatorial Guinea ranks 213th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Equatorial Guinea?
- Over the last ten years it is down 51.3%. The long-run trend across the full record is falling.
- Where does this Equatorial Guinea data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).