General Government Revenue for Guinea
GINGGRG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.35
Year-over-Year Change
3.53%
Date Range
1/1/2000 - 1/1/2026
Summary
The General Government Revenue for Guinea measures the total revenue collected by the Guinean government, including taxes, social contributions, grants, and other sources. This metric is crucial for understanding the financial health and fiscal policy of the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
General government revenue represents the income generated by the Guinean government through various sources, such as taxation, social security contributions, and other non-tax revenues. This data is used by economists, policymakers, and international organizations to assess the government's ability to fund public services, implement fiscal policies, and manage its budget.
Methodology
The data is collected and reported by the World Bank, based on information provided by the Guinean government.
Historical Context
This metric is widely used to analyze the Guinean government's fiscal position and its capacity to finance public expenditures, as well as to inform economic and policy decisions.
Key Facts
- General government revenue in Guinea was 12.4% of GDP in 2020.
- Guinea's government revenue has fluctuated between 10-15% of GDP over the past decade.
- Tax revenue accounts for the largest share of Guinea's government income.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for Guinea measures the total income collected by the Guinean government, including taxes, social contributions, grants, and other sources.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the financial health and fiscal policy of Guinea, as it provides insights into the government's ability to fund public services and manage its budget.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on information provided by the Guinean government.
Q: How is this trend used in economic policy?
A: This metric is widely used to analyze the Guinean government's fiscal position and its capacity to finance public expenditures, as well as to inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in the reporting from the Guinean government.
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Citation
U.S. Federal Reserve, General Government Revenue for Guinea (GINGGRG01GDPPT), retrieved from FRED.