Guinea-Bissau: Taxes on goods and services

The latest value from 2023 is 26.46 percent, an increase from 21.14 percent in 2022. In comparison, the world average is 32.78 percent, based on data from 88 countries. Historically, the average for Guinea-Bissau from 2017 to 2023 is 24 percent. The minimum value, 21.14 percent, was reached in 2022 while the maximum of 27.05 percent was recorded in 2021. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.