Equatorial Guinea: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Equatorial Guinea

Government spending as percent of GDP

 Latest value 23.98
 Year 2022
 Measure percent
 Data availability 2005 - 2022
 Average 16.65
 Min - Max 2.74 - 28.43
 Source The World Bank
For that indicator, we provide data for Equatorial Guinea from 2005 to 2022. The average value for Equatorial Guinea during that period was 16.65 percent with a minimum of 2.74 percent in 2005 and a maximum of 28.43 percent in 2020. The latest value from 2022 is 23.98 percent. For comparison, the world average in 2022 based on 143 countries is 16.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Equatorial Guinea - Government spending, percent of GDP - Recent values chart

Historical chart
Equatorial Guinea - Government spending, percent of GDP - historical chart - 2005-2022




The government size of Equatorial Guinea and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 23.98 2022 percent
 Government spending, in dollars 2.88 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 4.80 2022 percent
 Government debt 34.62 2022 percent
 Tax revenue 5.44 2021 percent
 Commercial tax rate 79.40 2019 percent
 Tax preparation time 492 2019 hours
 Number of taxes 46 2019 taxes
 Taxes on goods and services 5.97 2021 percent
 Taxes on international trade 1.26 2021 percent
 Income and profits taxes 26.02 2021 percent
 Foreign aid 12.78 2021 million U.S. dollars
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