Guinea: Tax revenue
* indicates monthly or quarterly data series
| Guinea |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 10.84 |
| Year | 1992 |
| Measure | percent |
| Data availability | 1989 - 1992 |
| Average | 11.28 |
| Min - Max | 10.75 - 12.11 |
| Source | The World Bank |
The latest value from 1992 is 10.84 percent, an increase from 10.75 percent in 1991. In comparison, the world average is 16.52 percent, based on data from 75 countries. Historically, the average for Guinea from 1989 to 1992 is 11.28 percent. The minimum value, 10.75 percent, was reached in 1991 while the maximum of 12.11 percent was recorded in 1990.
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* indicates monthly or quarterly data series
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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 16.59 | 2022 | percent |
| Government spending, in dollars | 2.89 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.60 | 2023 | percent |
| Government debt | 40.31 | 2023 | percent |
| Tax revenue | 10.84 | 1992 | percent |
| Commercial tax rate | 69.30 | 2019 | percent |
| Tax preparation time | 400 | 2019 | hours |
| Number of taxes | 33 | 2019 | taxes |
| Taxes on goods and services | 20.48 | 1992 | percent |
| Taxes on international trade | 35.79 | 1992 | percent |
| Income and profits taxes | 10.99 | 1992 | percent |
| Foreign aid | 586.66 | 2021 | million U.S. dollars |