Goods and services expense in Guinea-Bissau
Guinea-Bissau: Goods and services expense was 57.26 billion current LCU in 2024. ▲ Rising
Goods and services expense in Guinea-Bissau, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Guinea-Bissau is 57.26 billion current LCU, measured in 2024.
The figure is down 9.7% on the previous year and up 19.9% over ten years.
That places Guinea-Bissau 69th out of 155 countries with data for 2024, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 35.26 billion current LCU | 27.52 billion current LCU | 47.78 billion current LCU | 3 |
| 2020s | 51.78 billion current LCU | 41.84 billion current LCU | 63.43 billion current LCU | 5 |
Countries ranked near Guinea-Bissau
More public sector data for Guinea-Bissau
- Arms imports 5.00 million SIPRI trend indicator values (1993)
- Tax revenue 8.3% (2024)
- Taxes on income, profits and capital gains 19.0% (2024)
- Taxes on goods and services 25.8% (2024)
- Net investment in nonfinancial assets 5.3% (2024)
- Net lending (+) / net borrowing (-) -8.0% (2024)
- Interest payments 21.0% (2024)
- Grants and other revenue 35.6% (2024)
- Interest payments 14.9% (2023)
- Other taxes 3.6% (2024)
Frequently asked questions
- What is goods and services expense in Guinea-Bissau?
- Goods and services expense in Guinea-Bissau was 57.26 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Guinea-Bissau?
- The highest recorded value was 63.43 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Guinea-Bissau?
- The lowest recorded value was 27.52 billion current LCU in 2019.
- How does Guinea-Bissau rank for goods and services expense?
- Guinea-Bissau ranks 69th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Guinea-Bissau?
- Over the last ten years it is up 19.9%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau 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.
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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.