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Economy of Belize vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $12.8B for Equatorial Guinea, ranking 170/197 and 150/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $5.21B (40.6% of GDP) in Equatorial Guinea.

Belize vs Equatorial Guinea GDP by year

Belize
Equatorial Guinea
1x
Year GDP, current $
Belize Equatorial Guinea
2025 $3,326,500,000 $12,823,210,426
2024 $3,203,631,800 $13,254,388,261
2023 $3,052,362,650 $12,541,814,273
2022 $2,846,604,350 $13,687,643,436
2021 $2,428,606,250 $12,215,878,033
2020 $2,047,284,600 $9,893,816,008
2019 $2,381,187,850 $11,364,133,550
2018 $2,285,915,050 $13,097,012,134
2017 $2,266,028,250 $12,200,913,879
2016 $2,239,604,950 $11,240,808,848
2015 $2,193,095,150 $13,185,496,881
2014 $2,138,242,200 $21,765,453,082
2013 $2,035,191,450 $21,948,834,284
2012 $1,917,083,500 $22,388,344,144
2011 $1,831,576,700 $21,357,343,669
2010 $1,748,988,400 $16,314,443,436
2009 $1,688,012,750 $15,027,795,173
2008 $1,738,453,600 $19,749,893,536
2007 $1,706,190,450 $13,071,718,759
2006 $1,590,463,100 $10,086,528,699
2005 $1,474,298,400 $8,217,369,093
2004 $1,400,202,000 $4,410,764,339
2003 $1,308,280,250 $2,484,745,935
2002 $1,243,912,050 $1,806,742,742
2001 $1,172,045,150 $1,461,139,022
2000 $1,138,138,100 $1,045,998,496
1999 $999,713,050 $621,117,886
1998 $929,047,000 $370,687,634
1997 $872,916,050 $442,337,871
1996 $850,339,100 $232,463,023
1995 $818,590,250 $141,853,361
1994 $771,838,000 $100,807,003
1993 $752,255,150 $136,047,906
1992 $695,741,150 $134,707,184
1991 $596,682,100 $110,906,029
1990 $546,750,912 $112,119,411
1989 $491,100,000 $88,265,975
1988 $421,450,000 $100,534,657
1987 $371,100,000 $93,345,860
1986 $311,500,000 $76,407,396
1985 $287,300,000 $62,118,570
1984 $290,350,000 $50,320,914
1983 $262,150,000 $44,442,457
1982 $248,550,000 $44,294,648
1981 $260,750,000 $36,731,423
1980 $257,400,000 $50,642,881
1979 $151,800,000 -
1978 $136,300,000 -
1977 $117,650,000 $103,987,520
1976 $97,094,227 $103,653,050
1975 $118,194,026 $104,295,643
1974 $103,160,450 $94,159,863
1973 $78,214,768 $81,203,227
1972 $65,998,069 $65,429,198
1971 $59,074,687 $64,946,955
1970 $53,339,893 $66,331,429
1969 $47,399,905 $67,225,714
1968 $44,999,910 $67,514,286
1967 $47,431,256 $72,317,447
1966 $44,450,044 $69,110,000
1965 $40,110,040 $64,748,333
1964 $36,194,586 $51,915,000
1963 $33,750,114 $44,266,667
1962 $31,857,592 $37,253,333
1961 $29,965,000 -
1960 $28,072,478 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Belize vs Equatorial Guinea by year

Belize
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - $6,615 -
2024 $7,681 $14,347 $7,004 $17,567
2023 $7,425 $13,730 $6,788 $17,412
2022 $7,068 $13,461 $7,589 $18,140
2021 $6,143 $11,716 $6,946 $16,821
2020 $5,239 $9,639 $5,764 $13,677
2019 $6,172 $10,500 $6,804 $16,451
2018 $6,012 $9,497 $8,102 $18,413
2017 $6,072 $9,121 $7,809 $18,435
2016 $6,141 $9,399 $7,453 $16,649
2015 $6,155 $9,538 $9,069 $19,479
2014 $6,128 $9,490 $15,549 $27,177
2013 $5,957 $9,526 $16,304 $27,910
2012 $5,733 $9,303 $17,309 $30,012
2011 $5,596 $9,722 $17,198 $27,242
2010 $5,461 $9,748 $13,720 $26,168
2009 $5,400 $9,728 $13,233 $29,722
2008 $5,712 $9,975 $18,211 $30,523
2007 $5,762 $10,226 $12,617 $26,611
2006 $5,525 $9,910 $10,185 $23,511
2005 $5,270 $9,466 $8,674 $22,137
2004 $5,154 $9,245 $4,901 $19,354
2003 $4,960 $8,850 $2,931 $14,496
2002 $4,859 $8,154 $2,264 $13,255
2001 $4,719 $7,852 $1,949 $11,627
2000 $4,727 $7,544 $1,487 $7,420
1999 $4,290 $6,790 $931 $6,470
1998 $4,126 $6,333 $578 $5,280
1997 $4,014 $6,243 $717 $4,387
1996 $4,043 $6,087 $392 $1,793
1995 $4,010 $6,091 $248.3 $1,098
1994 $3,877 $6,073 $183.2 $951
1993 $3,860 $6,075 $256.7 $828
1992 $3,643 $5,706 $263.7 $756
1991 $3,190 $5,053 $225.3 $569
1990 $2,986 $4,467 $236.4 $577
1989 $2,742 - $193.2 -
1988 $2,406 - $228.7 -
1987 $2,166 - $220.9 -
1986 $1,859 - $188.8 -
1985 $1,754 - $161.1 -
1984 $1,814 - $137.9 -
1983 $1,677 - $129.4 -
1982 $1,629 - $137.5 -
1981 $1,753 - $121.1 -
1980 $1,774 - $175.5 -
1979 $1,071 - - -
1978 $983 - - -
1977 $866 - $376 -
1976 $729 - $369 -
1975 $906 - $362 -
1974 $805 - $319 -
1973 $619 - $268.6 -
1972 $529 - $211.4 -
1971 $481 - $205.6 -
1970 $442 - $206.8 -
1969 $402 - $208.4 -
1968 $392 - $211.7 -
1967 $426 - $231.9 -
1966 $412 - $226.7 -
1965 $383 - $217.1 -
1964 $356 - $177.8 -
1963 $342 - $154.8 -
1962 $332 - $132.9 -
1961 $320 - - -
1960 $307 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Belize's GDP per capita is $7,865, ranking 99/197, compared to $6,615 in Equatorial Guinea, ranking 107/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

Belize Equatorial Guinea
Gross domestic product
$3.33B
2025
$12.8B
2025
GDP rank
170/197
2025
150/197
2025
GDP growth
2.75%
2024-2025
-5.85%
2024-2025
GDP per capita
$7,865
2025
$6,615
2025
GDP per capita rank
99/197
2025
107/197
2025
GDP per capita, PPP
$14,347
2024
$17,567
2024
GDP per capita PPP rank
117/197
2024
106/197
2024
Government debt
$2.26B
2025
$5.21B
2025
Debt-to-GDP ratio
67.9%
2025
40.6%
2025
Government debt per person
$5,339
2025
$2,686
2025
Government debt per person rank
81/185
2025
109/185
2025
Average annual personal income after taxes
$5,278
2026
$4,723
2026
Number of billionaires
1
2026
n/a
Income share by richest 10%
30%
2018
29.1%
2022
Income share by poorest 10%
2.2%
2018
2.6%
2022
Government expenditure, % of GDP
25.9%
2025
20.7%
2025
Consumer prices inflation
1.1%
2024-2025
2.8%
2024-2025
Unemployment rate
29.3%
2020
8.6%
2014
Population
431659
2008950

Spending and national debt comparison by year

Belize
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
Belize Equatorial Guinea
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% 20.7% 40.6%
2024 26.8% 65.4% 18.5% 36.4%
2023 25.8% 67.5% 19.2% 39.1%
2022 23.4% 66.8% 14.8% 29.8%
2021 25.7% 82.2% 12.7% 42.3%
2020 33.2% 103% 16.2% 49.4%
2019 27.5% 78.6% 16.8% 43.2%
2018 26.9% 79% 19.1% 40.6%
2017 27.7% 78.1% 20.1% 36.2%
2016 27.7% 70.5% 27.8% 41.1%
2015 27.9% 65.1% 41.6% 31.7%
2014 24.8% 61.5% 31.6% 12.6%
2013 23.8% 62.8% 29.3% 6.27%
2012 22.1% 63.1% 35.2% 7.1%
2011 23.5% 66.2% 27.5% 7.17%
2010 23.3% 68.4% 31.2% 7.89%
2009 23.2% 69.7% 39.8% 4.34%
2008 21.8% 64.7% 19.9% 0.49%
2007 22.1% 66.4% 19.7% 0.75%
2006 21.2% 71.4% 18.1% 1.22%
2005 21.4% 72.7% 14.1% 2.85%
2004 21.7% 70.7% 15.5% 4.54%
2003 24.6% 67.2% 11.8% 6.77%
2002 24.4% 53.2% 11.3% 19.4%
2001 25.9% 49.5% 13.5% 25.5%
2000 23.2% 79% 22.6% 36.6%
1999 23.6% 41.5% 18.7% 60.5%
1998 20.9% 38.7% 35.1% 59.2%
1997 19.9% 39.4% 14.8% 46.3%
1996 19.9% 38.4% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2000, retrieved 2026-07-08).

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

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while Equatorial Guinea spent $2.65B, or 20.7% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 40.6% in Equatorial Guinea, ranking 61/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
Belize Equatorial Guinea
2025 -0.96% -2.55%
2024 -1.52% -0.55%
2023 -2.42% 2.39%
2022 -1.04% 11.7%
2021 -3.29% 2.65%
2020 -8.57% -1.77%
2019 -2.9% 1.82%
2018 -1.37% 0.52%
2017 -3.48% -2.59%
2016 -4.47% -10.9%
2015 -5.14% -15.1%
2014 -1.72% -7.54%
2013 -1.21% -4.4%
2012 -0.22% -7.24%
2011 -1.06% 0.83%
2010 -1.9% -4.53%
2009 -2.46% -6.47%
2008 1.25% 14.6%
2007 -0.19% 17.2%
2006 -2.27% 21.8%
2005 -3.7% 18.5%
2004 -4.52% 9.22%
2003 -8.41% 9.99%
2002 -5.41% 17.6%
2001 -7.23% 14.9%
2000 -6.68% -2.67%
1999 -6.51% -0.19%
1998 -2.69% -7.65%
1997 -1.81% 3.21%
1996 -1.76% -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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

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

In 2025, Belize's government deficit, the difference between spending and revenue, was $31.9M, equivalent to 0.96% of GDP. This compares to Equatorial Guinea's deficit of $327M, or 2.55% of GDP.

Over the past 30 years, Belize recorded a fiscal deficit in 29 of those years, while Equatorial Guinea ran a deficit in 15 years. On average, Belize posted an annual deficit equal to 3.12% of GDP, compared to surplus of 2.21% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
Belize

Equatorial Guinea
1x
Year Consumer prices inflation
Belize Equatorial Guinea
2025 1.1% 2.8%
2024 3.3% 3.4%
2023 4.4% 2.4%
2022 6.3% 4.9%
2021 3.2% -0.1%
2020 0.1% 4.8%
2019 0.2% 1.2%
2018 0.3% 1.3%
2017 1.1% 0.7%
2016 0.7% 1.4%
2015 -0.9% 1.7%
2014 1.2% 4.3%
2013 0.5% 3.2%
2012 1.2% 3.4%
2011 1.7% 4.8%
2010 0.9% 5.3%
2009 -1.1% 5.7%
2008 6.4% 4.7%
2007 2.3% 2.8%
2006 4.2% 4.5%
2005 3.7% 5.6%
2004 3.1% 4.2%
2003 2.6% 7.3%
2002 2.2% 7.6%
2001 1.1% 8.7%
2000 0.6% 4.8%
1999 -1.2% 0.4%
1998 -0.8% 7.9%
1997 1% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Belize has recorded an average annual inflation rate of 1.7%, compared with 3.89% in Equatorial Guinea. In 2025, inflation was 1.1% in Belize and 2.8% in Equatorial Guinea.

Balance of trade

Belize Equatorial Guinea
Current account balance
-$92.3M
2025
-$344M
1996
Current account balance ranking
80/190
2025
98/190
1996
Current account balance, % of GDP
-2.77%
2025
-148%
1996
Goods imports
$1.38B
2025
$292M
1996
Goods exports
$443M
2025
$175M
1996
Service imports
$352M
2025
$185M
1996
Service exports
$1.21B
2025
$4.88M
1996
Imports of goods and services, % of GDP
53.7%
2024
28.4%
2025
Exports of goods and services, % of GDP
55.2%
2024
46.5%
2025

Economic freedom indices

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

Belize Equatorial Guinea
Economic freedom 64.7 47.4
Economic freedom ranking 71/197 175/197
Property rights 46.3 16.9
Government integrity 46.2 6.9
Judicial effectiveness 73.9 7.2
Tax burden 81.8 81
Government spending 81 90.8
Fiscal health 87.5 97.3
Business freedom 67.2 35.9
Labor freedom 57.6 45.2
Monetary freedom 72.6 73.5
Trade freedom 57.8 43.6
Investment freedom 55 40
Financial freedom 50 30

Economic freedom comparison by year

Belize
Equatorial Guinea
1x
Year Economic freedom index
Belize Equatorial Guinea
2026 64.7 47.4
2025 64.2 47.7
2024 61.2 47.7
2023 59.8 48.3
2022 56.6 47.2
2021 57.5 49.2
2020 57.4 48.3
2019 55.4 41
2018 57.1 42
2017 58.6 45
2016 57.4 43.7
2015 56.8 40.4
2014 56.7 44.4
2013 57.3 42.3
2012 61.9 42.8
2011 63.8 47.5
2010 61.5 48.6
2009 63 51.3
2008 63 51.6
2007 63.3 53.2
2006 64.7 51.5
2005 64.5 53.3
2004 62.8 53.3
2003 63.5 53.1
2002 65.6 46.4
2001 65.9 47.9
2000 63.3 45.6
1999 60.7 45.1
1998 59.1 -
1997 64.3 -
1996 61.6 -
1995 62.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, 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

Belize Equatorial Guinea
Services, % of GDP
62.4%
2024
55.5%
2025
Industry, % of GDP
14.6%
2024
41.4%
2025
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
3.21%
2025
GNI, Atlas method
$3.19B
2025
$11.4B
2025
GNI per capita, PPP
$14,230
2025
$14,610
2025
Total reserves including gold
$559M
2025
$1.08B
2024
Total reserves ranking
156/177
2025
141/177
2024
Net foreign direct investment
$1.15M
2025
-$376M
1996
Net inflows of foreign direct investment
$128M
2024
$188M
2024
Net outflows of foreign direct investment
$2.61M
2024
$154M
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
50.7%
2022
Gross capital formation, % of GDP
19.8%
2024
-3.68%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2000, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2014, retrieved 2026-07-08)

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.