Taxes on income vs. taxes on goods and services in Guyana
Guyana: Taxes on income vs. taxes on goods and services was 2.9% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Guyana, 1987–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Guyana recorded 2.9% for taxes on income vs. taxes on goods and services in 2023.
Compared with earlier readings it is up 4.3% on the previous year and down 58.6% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Guyana peaked at 9.0% in 2019 and was at its lowest, 2.8%, in 2022.
Guyana ranks 162nd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Taxes on income vs. taxes on goods and services in Guyana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1987 | 5.6% | — |
| 1988 | 5.3% | -4.4% |
| 1989 | 3.7% | -30.7% |
| 1990 | 4.1% | +11.4% |
| 1991 | 4.1% | -0.8% |
| 1992 | 4.7% | +14.3% |
| 1993 | 5.2% | +11.1% |
| 1994 | 5.0% | -3.8% |
| 1995 | 5.3% | +5.9% |
| 1996 | 5.5% | +4.5% |
| 1997 | 5.2% | -6.1% |
| 1998 | 5.1% | -1.9% |
| 1999 | 4.6% | -8.4% |
| 2000 | 5.6% | +20.9% |
| 2001 | 5.1% | -9.1% |
| 2002 | 5.1% | -0.2% |
| 2003 | 5.2% | +1.8% |
| 2004 | 6.2% | +18.7% |
| 2005 | 6.5% | +5.1% |
| 2006 | 6.2% | -4.2% |
| 2007 | 8.5% | +37.3% |
| 2013 | 7.1% | -17.0% |
| 2014 | 7.7% | +9.1% |
| 2015 | 7.8% | +1.0% |
| 2016 | 7.4% | -4.7% |
| 2017 | 7.8% | +4.9% |
| 2018 | 8.8% | +13.7% |
| 2019 | 9.0% | +1.6% |
| 2020 | 7.4% | -18.1% |
| 2021 | 5.9% | -19.2% |
| 2022 | 2.8% | -52.8% |
| 2023 | 2.9% | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.9% | 3.7% | 5.6% | 3 |
| 1990s | 4.9% | 4.1% | 5.5% | 10 |
| 2000s | 6.0% | 5.1% | 8.5% | 8 |
| 2010s | 7.9% | 7.1% | 9.0% | 7 |
| 2020s | 4.8% | 2.8% | 7.4% | 4 |
Countries ranked near Guyana
More economy & growth data for Guyana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 11.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 11.93 Percent per annum (2029)
- Total reserves minus gold (current US$), annual growth rate 34.31 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.05 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,622 current US$ per person (2025)
- General government final consumption expenditure (current US$) 3.68 % change on previous year (2005)
- General government final consumption expenditure (current US$), per 0.2691 current US$ per US$ of GDP (2005)
- General government final consumption expenditure (current US$), per 291.77 current US$ per person (2005)
- General government final consumption expenditure (current LCU) 4.5 % change on previous year (2005)
- General government final consumption expenditure (current LCU), per 53.79 current LCU per US$ of GDP (2005)
Frequently asked questions
- What is taxes on income vs. taxes on goods and services in Guyana?
- Taxes on income vs. taxes on goods and services in Guyana was 2.9% 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 Guyana?
- The highest recorded value was 9.0% in 2019.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Guyana?
- The lowest recorded value was 2.8% in 2022.
- How does Guyana rank for taxes on income vs. taxes on goods and services?
- Guyana ranks 162nd out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Guyana?
- Over the last ten years it is down 58.6%. The long-run trend across the full record is rising.
- Where does this Guyana 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.