Equatorial Guinea: Taxes on income, profits and capital gains (% of total taxes)

Key figures

What the numbers say

In 2022, Equatorial Guinea's taxes on income, profits and capital gains (% of total taxes) rose 5.03 percentage points on 2021 (from 74.18% to 79.21%).

Across the 15 yearly changes before that (2007 to 2021), the average change was −1.16 percentage points and a typical year strayed about 5.94 percentage points from that (the standard deviation). This year's change was 1.0 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 9.68 percentage points in 2019 and the biggest yearly fall was 12.66 percentage points 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 there is no clear straight-line trend: a straight line explains 20% 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.

Closest to Equatorial Guinea in the 2022 ranking

• Timor-Leste — 1st of 8: 81.75%
• Australia — 3rd of 8: 76.64%
• Congo, Dem. Rep. — 4th of 8: 59.81%
• India — 5th of 8: 47.15%

What this measures

Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government 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

Taxes on income, profits and capital gains (% of total taxes) in nearby economies

• Angola — 70.05% (2024)
• Botswana — 40.71% (2023)
• Burkina Faso — 27.07% (2024)
• Burundi — 21.6% (2021)
• Cabo Verde — 30.72% (2020)
• Cameroon — 27.23% (2021)
• Congo, Dem. Rep. — 59.81% (2022)
• Congo, Rep. — 27.19% (2021)
• Côte d'Ivoire — 28.83% (2023)

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
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Equatorial Guinea's taxes on income, profits and capital gains (% of total taxes)?

79.21% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 12.34 percentage points from 91.56% in 2006. The highest value was 93.9% in 2008 and the lowest 62.54% in 2017.

Is the latest change in taxes on income, profits and capital gains (% of total taxes) unusual for Equatorial Guinea?

In 2022, Equatorial Guinea's taxes on income, profits and capital gains (% of total taxes) rose 5.03 percentage points on 2021 (from 74.18% to 79.21%). Across the 15 yearly changes before that (2007 to 2021), the average change was −1.16 percentage points and a typical year strayed about 5.94 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

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

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.