Goods and services expense in Equatorial Guinea
Equatorial Guinea: Goods and services expense was 239.40 billion current LCU in 2022. ▲ Rising
Goods and services expense in Equatorial Guinea, 2006–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Equatorial Guinea recorded 239.40 billion current LCU for goods and services expense in 2022.
Compared with earlier readings it is up 4.3% on the previous year and down 44.7% over ten years.
Over the whole period, goods and services expense in Equatorial Guinea peaked at 488.64 billion current LCU in 2013 and was at its lowest, 85.58 billion current LCU, in 2007.
Equatorial Guinea ranks 47th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 117.69 billion current LCU | 85.58 billion current LCU | 157.17 billion current LCU | 4 |
| 2010s | 310.20 billion current LCU | 187.62 billion current LCU | 488.64 billion current LCU | 10 |
| 2020s | 238.25 billion current LCU | 229.46 billion current LCU | 245.89 billion current LCU | 3 |
Countries ranked near Equatorial Guinea
- 44 Sri Lanka 299.70 billion current LCU compare
- 45 Afghanistan 276.17 billion current LCU compare
- 46 Dominican Republic 260.06 billion current LCU compare
- 48 Gabon 232.20 billion current LCU compare
- 49 South Africa 205.65 billion current LCU compare
- 50 Czechia 205.44 billion current LCU compare
More public sector data for Equatorial Guinea
- Arms imports 12.00 million SIPRI trend indicator values (2024)
- Tax revenue 6.6% (2022)
- Taxes on income, profits and capital gains 19.8% (2022)
- Taxes on goods and services 4.0% (2022)
- Net investment in nonfinancial assets 3.9% (2022)
- Net lending (+) / net borrowing (-) 11.5% (2022)
- Interest payments 4.2% (2022)
- Grants and other revenue 75.1% (2022)
- Interest payments 9.9% (2022)
- Other taxes 0.1% (2022)
Frequently asked questions
- What is goods and services expense in Equatorial Guinea?
- Goods and services expense in Equatorial Guinea was 239.40 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Equatorial Guinea?
- The highest recorded value was 488.64 billion current LCU in 2013.
- What is the lowest goods and services expense recorded in Equatorial Guinea?
- The lowest recorded value was 85.58 billion current LCU in 2007.
- How does Equatorial Guinea rank for goods and services expense?
- Equatorial Guinea ranks 47th out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in Equatorial Guinea?
- Over the last ten years it is down 44.7%. The long-run trend across the full record is rising.
- Where does this Equatorial Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.