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Economy of Albania vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $12.8B for Equatorial Guinea, ranking 112/197 and 148/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $4.65B (36.4% of GDP) in Equatorial Guinea.

Albania vs Equatorial Guinea GDP by year

Albania
Equatorial Guinea
1x
Year GDP, current $
Albania Equatorial Guinea
2024 $27,046,429,297 $12,765,777,677
2023 $23,491,242,727 $12,337,550,584
2022 $19,017,247,014 $13,687,643,436
2021 $18,031,989,573 $12,215,878,033
2020 $15,241,458,745 $9,893,816,008
2019 $15,585,111,614 $11,364,133,550
2018 $15,379,508,330 $13,097,012,134
2017 $13,258,268,436 $12,200,913,879
2016 $11,988,668,785 $11,240,808,848
2015 $11,470,171,827 $13,185,496,881
2014 $13,296,322,588 $21,765,453,082
2013 $12,796,985,886 $21,948,834,284
2012 $12,246,499,748 $22,388,344,144
2011 $12,973,755,875 $21,357,343,669
2010 $12,086,545,641 $16,314,443,436
2009 $12,335,540,656 $15,027,795,173
2008 $13,258,506,375 $19,749,893,536
2007 $11,116,937,870 $13,071,718,759
2006 $9,150,528,132 $10,086,528,699
2005 $8,256,658,250 $8,217,369,093
2004 $7,406,645,793 $4,410,764,339
2003 $5,801,712,040 $2,484,745,935
2002 $4,515,003,117 $1,806,742,742
2001 $4,059,064,033 $1,461,139,022
2000 $3,584,570,165 $1,045,998,496
1999 $3,283,941,510 $621,117,886
1998 $2,600,356,999 $370,687,634
1997 $2,293,666,030 $442,337,871
1996 $3,234,486,232 $232,463,023
1995 $2,905,092,799 $141,853,361
1994 $1,880,950,864 $100,807,003
1993 $1,185,315,468 $136,047,906
1992 $652,174,991 $134,707,184
1991 $1,099,559,028 $110,906,029
1990 $2,028,553,750 $112,119,411
1989 $2,253,090,000 $88,265,975
1988 $2,051,236,250 $100,534,657
1987 $2,080,796,250 $93,345,860
1986 $2,097,326,250 $76,407,396
1985 $1,897,050,117 $62,118,570
1984 $1,857,337,995 $50,320,914
1983 $1,881,412,587 $44,442,457
1982 $1,861,163,170 $44,294,648
1981 $1,808,177,156 $36,731,423
1980 $1,578,102,105 $50,642,881
1979 - -
1978 - -
1977 - $103,987,520
1976 - $103,653,050
1975 - $104,295,643
1974 - $94,159,863
1973 - $81,203,227
1972 - $65,429,198
1971 - $64,946,955
1970 - $66,331,429
1969 - $67,225,714
1968 - $67,514,286
1967 - $72,317,447
1966 - $69,110,000
1965 - $64,748,333
1964 - $51,915,000
1963 - $44,266,667
1962 - $37,253,333

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

GDP per capita in Albania vs Equatorial Guinea by year

Albania
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $6,745 $17,567
2023 $9,731 $24,822 $6,678 $17,412
2022 $7,757 $22,138 $7,589 $18,140
2021 $7,242 $18,213 $6,946 $16,821
2020 $6,028 $16,288 $5,764 $13,677
2019 $6,069 $16,442 $6,804 $16,451
2018 $5,898 $15,055 $8,102 $18,413
2017 $5,006 $14,111 $7,809 $18,435
2016 $4,458 $13,056 $7,453 $16,649
2015 $4,200 $12,387 $9,069 $19,479
2014 $4,794 $11,788 $15,549 $27,177
2013 $4,543 $10,882 $16,304 $27,910
2012 $4,281 $10,609 $17,309 $30,012
2011 $4,466 $10,273 $17,198 $27,242
2010 $4,149 $9,755 $13,720 $26,168
2009 $4,214 $9,031 $13,233 $29,722
2008 $4,499 $8,469 $18,211 $30,523
2007 $3,743 $7,585 $12,617 $26,611
2006 $3,058 $6,753 $10,185 $23,511
2005 $2,742 $6,014 $8,674 $22,137
2004 $2,447 $5,595 $4,901 $19,354
2003 $1,909 $5,169 $2,931 $14,496
2002 $1,480 $4,840 $2,264 $13,255
2001 $1,326 $4,451 $1,949 $11,627
2000 $1,160 $3,978 $1,487 $7,420
1999 $1,056 $3,549 $931 $6,470
1998 $831 $3,086 $578 $5,280
1997 $729 $2,760 $717 $4,387
1996 $1,021 $3,054 $392 $1,793
1995 $911 $2,777 $248.3 $1,098
1994 $586 $2,385 $183.2 $951
1993 $367 $2,143 $256.7 $828
1992 $200.9 $1,899 $263.7 $756
1991 $337 $1,989 $225.3 $569
1990 $617 $2,656 $236.4 $577
1989 $698 - $193.2 -
1988 $653 - $228.7 -
1987 $675 - $220.9 -
1986 $694 - $188.8 -
1985 $640 - $161.1 -
1984 $639 - $137.9 -
1983 $662 - $129.4 -
1982 $668 - $137.5 -
1981 $663 - $121.1 -
1980 $591 - $175.5 -
1979 - - - -
1978 - - - -
1977 - - $376 -
1976 - - $369 -
1975 - - $362 -
1974 - - $319 -
1973 - - $268.6 -
1972 - - $211.4 -
1971 - - $205.6 -
1970 - - $206.8 -
1969 - - $208.4 -
1968 - - $211.7 -
1967 - - $231.9 -
1966 - - $226.7 -
1965 - - $217.1 -
1964 - - $177.8 -
1963 - - $154.8 -
1962 - - $132.9 -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $6,745 in Equatorial Guinea, ranking 106/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

Albania Equatorial Guinea
Gross domestic product
$27B
2024
$12.8B
2024
GDP rank
112/197
2024
148/197
2024
GDP growth
4.05%
2023-2024
0.91%
2023-2024
GDP per capita
$11,378
2024
$6,745
2024
GDP per capita rank
82/197
2024
106/197
2024
GDP per capita, PPP
$26,702
2024
$17,567
2024
GDP per capita PPP rank
79/197
2024
106/197
2024
Government debt
$15.2B
2024
$4.65B
2024
Debt-to-GDP ratio
56%
2024
36.4%
2024
Government debt per person
$6,375
2024
$2,458
2024
Government debt per person rank
72/185
2024
110/185
2024
Average annual personal income after taxes
$9,075
2026
$5,042
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
29.1%
2022
Income share by poorest 10%
3.4%
2020
2.6%
2022
Government expenditure, % of GDP
28.9%
2024
18.5%
2024
Consumer prices inflation
2.2%
2023-2024
3.4%
2023-2024
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
10.7%
2023
8.6%
2014
Population
2342753
1998075

Spending and national debt comparison by year

Albania
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
Albania Equatorial Guinea
Government spending Government debt Government spending Government debt
2024 28.9% 56% 18.5% 36.4%
2023 28.5% 58% 19.2% 39.1%
2022 30.3% 65.2% 14.8% 29.8%
2021 31.9% 74.8% 12.7% 42.3%
2020 32.4% 75.4% 16.2% 49.4%
2019 28.8% 66.6% 16.8% 43.2%
2018 28.7% 68.5% 19.1% 40.6%
2017 29.2% 71.9% 20.1% 36.2%
2016 29.1% 73.3% 27.8% 41.1%
2015 30.8% 73.7% 41.6% 31.7%
2014 31.7% 72% 31.6% 12.6%
2013 29.2% 70.4% 29.3% 6.27%
2012 28.2% 62.1% 35.2% 7.1%
2011 28.9% 59.4% 27.5% 7.17%
2010 29.4% 57.7% 31.2% 7.89%
2009 32.7% 59.7% 39.8% 4.34%
2008 31.7% 55.1% 19.9% 0.49%
2007 29.3% 53.6% 19.7% 0.75%
2006 29.2% 56.7% 18.1% 1.22%
2005 28.9% 58.2% 14.1% 2.85%
2004 30.2% 57.5% 15.5% 4.54%
2003 29.7% 60.2% 11.8% 6.77%
2002 31.5% 64.1% 11.3% 19.4%
2001 32.7% 60.6% 13.5% 25.5%
2000 33.8% 63.8% 22.6% 36.6%
1999 37.1% 68.2% 18.7% 60.5%
1998 36.8% 71.2% 35.1% 59.2%
1997 30.3% 72.2% 14.8% 46.3%
1996 - - 22.9% 91.2%
1995 - - 141.5% 136.9%
1994 - - 510% 216%
1993 - - 256.3% 152.6%
1992 - - 595% 136.9%
1991 - - 284.5% 169.5%
1990 - - 212.9% 157%
1989 - - 116.8% 187%
1988 - - 227.9% 154.5%
1987 - - 183% 141.3%
1986 - - 119% 152.5%
1985 - - 115.4% 183.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Equatorial Guinea spent $2.36B, or 18.5% of GDP.

Debt-to-GDP ratio is 56% in Albania and 36.4% in Equatorial Guinea, ranking 94/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
Albania Equatorial Guinea
2024 -0.72% -0.55%
2023 -1.32% 2.39%
2022 -3.64% 11.7%
2021 -4.57% 2.65%
2020 -6.67% -1.77%
2019 -1.92% 1.82%
2018 -1.6% 0.52%
2017 -1.41% -2.59%
2016 -1.5% -10.9%
2015 -4.32% -15.1%
2014 -5.46% -7.54%
2013 -5.22% -4.4%
2012 -3.44% -7.24%
2011 -3.52% 0.83%
2010 -3.52% -4.53%
2009 -6.59% -6.47%
2008 -4.88% 14.6%
2007 -3.18% 17.2%
2006 -3.26% 21.8%
2005 -3.46% 18.5%
2004 -5.16% 9.22%
2003 -5.01% 9.99%
2002 -6.21% 17.6%
2001 -6.84% 14.9%
2000 -7.77% -2.67%
1999 -8.84% -0.19%
1998 -9.93% -7.65%
1997 -11.9% 3.21%
1996 - -6.36%
1995 - -123.4%
1994 - -487%
1993 - -217.9%
1992 - -557%
1991 - -236%
1990 - -160.2%
1989 - -76.2%
1988 - -208.5%
1987 - -158%
1986 - -97.3%
1985 - -89.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

In 2024, Albania's government deficit, the difference between spending and revenue, was $196M, equivalent to 0.72% of GDP. This compares to Equatorial Guinea's deficit of $70.8M, or 0.55% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Equatorial Guinea ran a deficit in 13 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to surplus of 2.69% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
Albania

Equatorial Guinea
1x
Year Consumer prices inflation
Albania Equatorial Guinea
2024 2.2% 3.4%
2023 4.8% 2.4%
2022 6.7% 4.9%
2021 2% -0.1%
2020 1.6% 4.8%
2019 1.4% 1.2%
2018 2% 1.3%
2017 2% 0.7%
2016 1.3% 1.4%
2015 1.9% 1.7%
2014 1.6% 4.3%
2013 1.9% 3.2%
2012 2% 3.4%
2011 3.4% 4.8%
2010 3.6% 5.3%
2009 2.2% 5.7%
2008 3.3% 4.7%
2007 3% 2.8%
2006 2.4% 4.5%
2005 2.4% 5.6%
2004 2.9% 4.2%
2003 2.4% 7.3%
2002 5.2% 7.6%
2001 3.1% 8.7%
2000 0% 4.8%
1999 0.4% 0.4%
1998 20.6% 7.9%
1997 33.2% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 3.93% in Equatorial Guinea. In 2024, inflation was 2.2% in Albania and 3.4% in Equatorial Guinea.

Top exports between countries

Albania
Export category Export value
Textiles & consumer goods $45K
Equatorial Guinea
Export category Export value

Balance of trade

Albania Equatorial Guinea
Current account balance
-$648M
2024
-$344M
1996
Current account balance ranking
112/190
2024
101/190
1996
Current account balance, % of GDP
-2.4%
2024
-148%
1996
Goods imports
$7.87B
2024
$292M
1996
Goods exports
$1.82B
2024
$175M
1996
Service imports
$3.83B
2024
$185M
1996
Service exports
$8.03B
2024
$4.88M
1996
Imports of goods and services, % of GDP
43.2%
2024
25.4%
2024
Exports of goods and services, % of GDP
36.3%
2024
35.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Albania Equatorial Guinea
Economic freedom 68 47.4
Economic freedom ranking 50/197 175/197
Property rights 57.6 16.9
Government integrity 41.9 6.9
Judicial effectiveness 59.9 7.2
Tax burden 89.3 81
Government spending 74.3 90.8
Fiscal health 88 97.3
Business freedom 76.6 35.9
Labor freedom 46.2 45.2
Monetary freedom 78.6 73.5
Trade freedom 83 43.6
Investment freedom 60 40
Financial freedom 60 30

Economic freedom comparison by year

Albania
Equatorial Guinea
1x
Year Economic freedom index
Albania Equatorial Guinea
2026 68 47.4
2025 66.6 47.7
2024 64.8 47.7
2023 65.3 48.3
2022 66.6 47.2
2021 65.2 49.2
2020 66.9 48.3
2019 66.5 41
2018 64.5 42
2017 64.4 45
2016 65.9 43.7
2015 65.7 40.4
2014 66.9 44.4
2013 65.2 42.3
2012 65.1 42.8
2011 64 47.5
2010 66 48.6
2009 63.7 51.3
2008 62.4 51.6
2007 61.4 53.2
2006 60.3 51.5
2005 57.8 53.3
2004 58.5 53.3
2003 56.8 53.1
2002 56.8 46.4
2001 56.6 47.9
2000 53.6 45.6
1999 53.4 45.1
1998 53.9 -
1997 54.8 -
1996 53.8 -
1995 49.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 47.4 for Equatorial Guinea, ranking 175/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Equatorial Guinea
Services, % of GDP
48.7%
2024
51.1%
2024
Industry, % of GDP
22.4%
2024
45.8%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
3.15%
2024
GNI, Atlas method
$23.6B
2024
$8.96B
2024
GNI per capita, PPP
$26,500
2024
$12,330
2024
Total reserves including gold
$6.52B
2024
$1.54B
2023
Total reserves ranking
89/177
2024
134/177
2023
Net foreign direct investment
-$1.45B
2024
-$376M
1996
Net inflows of foreign direct investment
$1.71B
2024
$188M
2024
Net outflows of foreign direct investment
$261M
2024
$154M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
50.7%
2022
Gross capital formation, % of GDP
25%
2024
8.96%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/albania/equatorial-guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2014, retrieved 2026-02-20)
  9. TradeMap (2021, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.