Guinea-Bissau: Taxes on goods and services

* indicates monthly or quarterly data series

Taxes on goods and services, percent of total revenue

 Latest value 23.41
 Year 2019
 Measure percent
 Data availability 2017 - 2019
 Average 23.57
 Min - Max 23.41 - 23.73
 Source The World Bank
For that indicator, we provide data for Guinea-Bissau from 2017 to 2019. The average value for Guinea-Bissau during that period was 23.57 percent with a minimum of 23.41 percent in 2019 and a maximum of 23.73 percent in 2017. The latest value from 2019 is 23.41 percent. For comparison, the world average in 2019 based on 127 countries is 32.73 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
Guinea-Bissau - Taxes on goods and services - Recent values chart

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 16.51 2020 percent
 Government spending, in dollars 0.37 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -7.30 2023 percent
 Government debt 80.36 2022 percent
 Tax revenue 9.46 2019 percent
 Commercial tax rate 45.50 2019 percent
 Tax preparation time 218 2019 hours
 Number of taxes 46 2019 taxes
 Taxes on goods and services 23.41 2019 percent
 Taxes on international trade 18.22 2019 percent
 Income and profits taxes 18.49 2019 percent
 Foreign aid 166.12 2021 million U.S. dollars
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