Libya recorded the highest revenue-to-GDP ratio among African countries in 2022 with 85.78%

Key takeaways:

  • Libya's total revenue (85.78% of GDP) significantly surpassed all other African states.
  • Lesotho is noteworthy with the second-highest total revenue ratio at 48.12%.
  • Equatorial Guinea and Sao Tomé & Príncipe in Western Africa recorded total revenue of 30.79% and 25.38% respectively.
  • South Africa generated 27.74% of its GDP in revenue.
  • The top ten countries reported total revenue exceeding 28%.

Across African nations, the total revenue generated varied greatly. Libya emerged as the country with the highest total revenue record, with government revenue constituting an extraordinary 85.78% of its GDP.

Lesotho presented an interesting record, with government revenue at 48.12% of GDP, considerably higher than that of most other nations but still much lower than Libya's figure.

Aside from these two exceptions, the data indicates a fairly stable range of revenue generation abilities among the other leading countries. From the Republic of Congo (31.62%) to Eswatini (24.73%), most countries recorded between a quarter and a third of their GDP in governmental revenue.

Source:

IMF's World Revenue Longitudinal Database (WoRLD)

Period:

2022
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