Equatorial Guinea: Expense (current LCU)

Key figures

What the numbers say

In 2022, Equatorial Guinea's expense (current LCU) rose 34.4% on 2021 (from 701.65 billion to 943.02 billion).

Across the 15 yearly changes before that (2007 to 2021), the average change was +11.2% and a typical year strayed about 25.2% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 71.4% in 2008 and the biggest yearly fall was 12.6% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Equatorial Guinea had the 13th highest value of the 25 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Equatorial Guinea in the 2022 ranking

• South Africa — 9th of 25: 2.23 trillion
• Sweden — 10th of 25: 1.89 trillion
• Germany — 11th of 25: 1.24 trillion
• Australia — 13th of 25: 644.6 billion
• Romania — 14th of 25: 516.5 billion
• Mozambique — 15th of 25: 313.54 billion

What this measures

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 17 values

Expense (current LCU) in nearby economies

• Angola — 5.06 trillion (2019)
• Botswana — 69.39 billion (2024)
• Burkina Faso — 2.39 trillion (2023)
• Burundi — 1 trillion (2021)
• Cabo Verde — 54.45 billion (2020)
• Cameroon — 3.1 trillion (2021)
• Central African Republic — 162.73 billion (2021)
• Congo, Dem. Rep. — 17.59 trillion (2022)
• Congo, Rep. — 1.33 trillion (2021)
• Côte d'Ivoire — 8.76 trillion (2023)
• Eswatini — 17.49 billion (2021)
• Ethiopia

More public sector data for Equatorial Guinea

• Armed forces personnel, total — 1,000 (2020)
• Armed forces personnel (% of total labor force) — 0.16% (2020)
• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 10 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 60.41 (2024)
• Arms imports (SIPRI trend indicator values) — 12 million (2024)
• Net investment in nonfinancial assets (current LCU) — 336.02 billion (2022)
• Net investment in nonfinancial assets (% of GDP) — 3.94% (2022)
• Net lending (+) / net borrowing (-) (current LCU) — 979.19 billion (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Equatorial Guinea's expense (current LCU)?

943.02 billion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 385.07% from 194.41 billion in 2006 (10.37% a year on average, compounded). The highest value was 943.02 billion in 2022 and the lowest 194.41 billion in 2006.

How does Equatorial Guinea rank?

13th highest of 25 economies with data for 2022.

Is the latest change in expense (current LCU) unusual for Equatorial Guinea?

In 2022, Equatorial Guinea's expense (current LCU) rose 34.4% on 2021 (from 701.65 billion to 943.02 billion). Across the 15 yearly changes before that (2007 to 2021), the average change was +11.2% and a typical year strayed about 25.2% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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