Equatorial Guinea: Tax revenue (current LCU)

Key figures

What the numbers say

In 2022, Equatorial Guinea's tax revenue (current LCU) rose 54.1% on 2021 (from 365.47 billion to 563.15 billion).

Across the 15 yearly changes before that (2007 to 2021), the average change was +1.9% and a typical year strayed about 28.6% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 54.1% in 2022 and the biggest yearly fall was 52.4% in 2016. 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 the straight-line trend is downward, about 51.53 billion a year. A straight line explains 50% of the movement over 10 observed years.

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

Closest to Equatorial Guinea in the 2022 ranking

• India — 2nd of 8: 18.11 trillion
• Congo, Dem. Rep. — 3rd of 8: 15.07 trillion
• Serbia — 4th of 8: 1.78 trillion
• Australia — 6th of 8: 550.61 billion
• Ecuador — 7th of 8: 15.2 billion
• Timor-Leste — 8th of 8: 694.44 million

What this measures

Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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

Tax revenue (current LCU) in nearby economies

• Angola — 7.89 trillion (2024)
• Botswana — 59.18 billion (2023)
• Burkina Faso — 2.62 trillion (2024)
• Burundi — 1.03 trillion (2021)
• Cabo Verde — 32.42 billion (2020)
• Cameroon — 2.83 trillion (2021)
• Central African Republic — 114.52 billion (2021)
• Congo, Dem. Rep. — 15.07 trillion (2022)
• Congo, Rep. — 535.13 billion (2021)
• Côte d'Ivoire — 6.39 trillion (2023)
• Eswatini — 17.3 billion (2021)

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

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Questions people ask

What is Equatorial Guinea's tax revenue (current LCU)?

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

How has it changed since 2006?

It is up 10.43% from 509.95 billion in 2006 (0.62% a year on average, compounded). The highest value was 999.28 billion in 2012 and the lowest 365.47 billion in 2021.

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

In 2022, Equatorial Guinea's tax revenue (current LCU) rose 54.1% on 2021 (from 365.47 billion to 563.15 billion). Across the 15 yearly changes before that (2007 to 2021), the average change was +1.9% and a typical year strayed about 28.6% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator GC.TAX.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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