Equatorial Guinea: Income and profits taxes
* indicates monthly or quarterly data series
| Equatorial Guinea |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 19.75 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2006 - 2022 |
| Average | 27.61 |
| Min - Max | 18.37 - 42.63 |
| Source | The World Bank |
The latest value from 2022 is 19.75 percent, a decline from 26.02 percent in 2021. In comparison, the world average is 26.59 percent, based on data from 113 countries. Historically, the average for Equatorial Guinea from 2006 to 2022 is 27.61 percent. The minimum value, 18.37 percent, was reached in 2007 while the maximum of 42.63 percent was recorded in 2020.
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Definition: 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 revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 28.34 | 2024 | percent |
| Government spending, in dollars | 4.16 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.55 | 2024 | percent |
| Primary budget balance | 0.54 | 2024 | percent |
| Tax revenue | 6.60 | 2022 | percent |
| Commercial tax rate | 79.40 | 2019 | percent |
| Tax preparation time | 492 | 2019 | hours |
| Taxes on goods and services | 3.95 | 2022 | percent |
| Taxes on international trade | 1.13 | 2022 | percent |
| Income and profits taxes | 19.75 | 2022 | percent |
| Foreign aid | 11.66 | 2023 | million U.S. dollars |
| Government debt | 36.44 | 2024 | percent |