Taxes on income vs. taxes on goods and services in Equatorial Guinea
Equatorial Guinea: Taxes on income vs. taxes on goods and services was 1.0% in 2023. ◆ Volatile
Taxes on income vs. taxes on goods and services in Equatorial Guinea, 1992–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Equatorial Guinea recorded 1.0% for taxes on income vs. taxes on goods and services in 2023.
That represents a change of up 197.4% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Equatorial Guinea peaked at 5.4% in 1992 and was at its lowest, 0.3%, in 2008.
That places Equatorial Guinea 183rd out of 187 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income vs. taxes on goods and services in Equatorial Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 5.4% | — |
| 1993 | 5.4% | -0.3% |
| 1994 | 4.0% | -25.7% |
| 1995 | 3.8% | -4.3% |
| 1996 | 2.1% | -45.4% |
| 1997 | 1.8% | -13.9% |
| 1998 | 2.5% | +38.8% |
| 1999 | 1.6% | -37.0% |
| 2000 | 1.0% | -39.7% |
| 2001 | 1.0% | +5.5% |
| 2002 | 1.0% | -1.5% |
| 2003 | 0.9% | -7.9% |
| 2004 | 0.7% | -20.7% |
| 2005 | 0.5% | -29.1% |
| 2006 | 0.5% | +6.7% |
| 2007 | 0.5% | -11.4% |
| 2008 | 0.3% | -29.2% |
| 2023 | 1.0% | +197.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.3% | 1.6% | 5.4% | 8 |
| 2000s | 0.7% | 0.3% | 1.0% | 9 |
| 2020s | 1.0% | 1.0% | 1.0% | 1 |
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 taxes on income vs. taxes on goods and services in Equatorial Guinea?
- Taxes on income vs. taxes on goods and services in Equatorial Guinea was 1.0% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Equatorial Guinea?
- The highest recorded value was 5.4% in 1992.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Equatorial Guinea?
- The lowest recorded value was 0.3% in 2008.
- How does Equatorial Guinea rank for taxes on income vs. taxes on goods and services?
- Equatorial Guinea ranks 183rd out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Equatorial Guinea?
- Over the last ten years it is up 197.4%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.