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Economy of Bosnia and Herzegovina vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $12.8B for Equatorial Guinea, ranking 111/197 and 148/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $4.65B (36.4% of GDP) in Equatorial Guinea.

Bosnia and Herzegovina vs Equatorial Guinea GDP by year

Bosnia and Herzegovina
Equatorial Guinea
1x
Year GDP, current $
Bosnia Equatorial Guinea
2024 $29,613,572,023 $12,765,777,677
2023 $27,592,361,498 $12,337,550,584
2022 $24,534,663,636 $13,687,643,436
2021 $23,672,712,121 $12,215,878,033
2020 $20,226,038,370 $9,893,816,008
2019 $20,482,608,984 $11,364,133,550
2018 $20,484,058,033 $13,097,012,134
2017 $18,326,373,136 $12,200,913,879
2016 $17,116,926,554 $11,240,808,848
2015 $16,404,348,361 $13,185,496,881
2014 $18,558,734,107 $21,765,453,082
2013 $18,179,109,209 $21,948,834,284
2012 $17,226,735,996 $22,388,344,144
2011 $18,644,233,537 $21,357,343,669
2010 $17,176,315,804 $16,314,443,436
2009 $17,613,949,091 $15,027,795,173
2008 $19,112,796,623 $19,749,893,536
2007 $15,778,734,264 $13,071,718,759
2006 $12,864,841,906 $10,086,528,699
2005 $11,222,796,337 $8,217,369,093
2004 $10,156,541,221 $4,410,764,339
2003 $8,498,894,359 $2,484,745,935
2002 $6,728,220,983 $1,806,742,742
2001 $5,800,615,375 $1,461,139,022
2000 $5,567,772,769 $1,045,998,496
1999 $4,686,256,363 $621,117,886
1998 $4,116,774,301 $370,687,634
1997 $3,671,909,673 $442,337,871
1996 $2,786,045,322 $232,463,023
1995 $1,866,572,954 $141,853,361
1994 $1,255,802,469 $100,807,003
1993 $3,630,668,950 $136,047,906
1992 $4,735,044,707 $134,707,184
1991 $6,122,959,184 $110,906,029
1990 $7,753,478,261 $112,119,411
1989 - $88,265,975
1988 - $100,534,657
1987 - $93,345,860
1986 - $76,407,396
1985 - $62,118,570
1984 - $50,320,914
1983 - $44,442,457
1982 - $44,294,648
1981 - $36,731,423
1980 - $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/bosnia-and-herzegovina/equatorial-guinea | CC BY

GDP per capita in Bosnia and Herzegovina vs Equatorial Guinea by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $6,745 $17,567
2023 $8,663 $23,376 $6,678 $17,412
2022 $7,656 $21,651 $7,589 $18,140
2021 $7,295 $18,287 $6,946 $16,821
2020 $6,130 $16,370 $5,764 $13,677
2019 $6,122 $16,429 $6,804 $16,451
2018 $6,048 $14,859 $8,102 $18,413
2017 $5,345 $13,627 $7,809 $18,435
2016 $4,929 $12,899 $7,453 $16,649
2015 $4,662 $11,845 $9,069 $19,479
2014 $5,206 $11,168 $15,549 $27,177
2013 $5,035 $10,808 $16,304 $27,910
2012 $4,694 $10,121 $17,309 $30,012
2011 $4,983 $9,761 $17,198 $27,242
2010 $4,506 $9,086 $13,720 $26,168
2009 $4,540 $8,698 $13,233 $29,722
2008 $4,842 $8,587 $18,211 $30,523
2007 $3,931 $7,686 $12,617 $26,611
2006 $3,166 $6,869 $10,185 $23,511
2005 $2,740 $5,956 $8,674 $22,137
2004 $2,453 $5,407 $4,901 $19,354
2003 $2,034 $4,917 $2,931 $14,496
2002 $1,607 $4,665 $2,264 $13,255
2001 $1,388 $4,307 $1,949 $11,627
2000 $1,338 $4,148 $1,487 $7,420
1999 $1,135 $3,875 $931 $6,470
1998 $1,007 $3,524 $578 $5,280
1997 $914 $3,041 $717 $4,387
1996 $719 $2,269 $392 $1,793
1995 $502 $1,507 $248.3 $1,098
1994 $337 $1,269 $183.2 $951
1993 $930 $1,067 $256.7 $828
1992 $1,118 $982 $263.7 $756
1991 $1,373 $975 $225.3 $569
1990 $1,743 $1,043 $236.4 $577
1989 - - $193.2 -
1988 - - $228.7 -
1987 - - $220.9 -
1986 - - $188.8 -
1985 - - $161.1 -
1984 - - $137.9 -
1983 - - $129.4 -
1982 - - $137.5 -
1981 - - $121.1 -
1980 - - $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/bosnia-and-herzegovina/equatorial-guinea | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $6,745 in Equatorial Guinea, ranking 106/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

Bosnia Equatorial Guinea
Gross domestic product
$29.6B
2024
$12.8B
2024
GDP rank
111/197
2024
148/197
2024
GDP growth
2.97%
2023-2024
0.91%
2023-2024
GDP per capita
$9,359
2024
$6,745
2024
GDP per capita rank
87/197
2024
106/197
2024
GDP per capita, PPP
$25,043
2024
$17,567
2024
GDP per capita PPP rank
83/197
2024
106/197
2024
Government debt
$8.74B
2024
$4.65B
2024
Debt-to-GDP ratio
29.5%
2024
36.4%
2024
Government debt per person
$2,763
2024
$2,458
2024
Government debt per person rank
107/185
2024
110/185
2024
Average annual personal income after taxes
$8,501
2026
$5,042
2026
Income share by richest 10%
25.1%
2011
29.1%
2022
Income share by poorest 10%
2.9%
2011
2.6%
2022
Government expenditure, % of GDP
43.3%
2024
18.5%
2024
Consumer prices inflation
1.7%
2023-2024
3.4%
2023-2024
Unemployment rate
10.7%
2024
8.6%
2014
Population
3116111
1998075

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
Bosnia Equatorial Guinea
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 18.5% 36.4%
2023 41.7% 29% 19.2% 39.1%
2022 39.4% 31.2% 14.8% 29.8%
2021 40.6% 35.8% 12.7% 42.3%
2020 45.4% 37.2% 16.2% 49.4%
2019 39.9% 32.8% 16.8% 43.2%
2018 40.4% 34.5% 19.1% 40.6%
2017 40% 38.6% 20.1% 36.2%
2016 41.5% 44.9% 27.8% 41.1%
2015 42.7% 46.4% 41.6% 31.7%
2014 46.2% 47.1% 31.6% 12.6%
2013 44.5% 43.8% 29.3% 6.27%
2012 46.9% 43.6% 35.2% 7.1%
2011 46.4% 40.9% 27.5% 7.17%
2010 48.7% 42.2% 31.2% 7.89%
2009 49% 36.4% 39.8% 4.34%
2008 48.4% 30.3% 19.9% 0.49%
2007 45.2% 18.2% 19.7% 0.75%
2006 44.2% 20.6% 18.1% 1.22%
2005 44.5% 24.9% 14.1% 2.85%
2004 45.6% 25.5% 15.5% 4.54%
2003 47.3% 27.6% 11.8% 6.77%
2002 47.4% 31.1% 11.3% 19.4%
2001 50.2% 35.1% 13.5% 25.5%
2000 56.2% 34.6% 22.6% 36.6%
1999 57.5% 56% 18.7% 60.5%
1998 54.4% 54.4% 35.1% 59.2%
1997 - - 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/bosnia-and-herzegovina/equatorial-guinea | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Equatorial Guinea spent $2.36B, or 18.5% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 36.4% in Equatorial Guinea, ranking 159/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
Bosnia Equatorial Guinea
2024 -1.88% -0.55%
2023 -1.67% 2.39%
2022 0.15% 11.7%
2021 -0.18% 2.65%
2020 -4.5% -1.77%
2019 1.37% 1.82%
2018 1.63% 0.52%
2017 1.79% -2.59%
2016 0.34% -10.9%
2015 -0.19% -15.1%
2014 -2.87% -7.54%
2013 -1.28% -4.4%
2012 -2.68% -7.24%
2011 -2.73% 0.83%
2010 -4.06% -4.53%
2009 -5.34% -6.47%
2008 -3.82% 14.6%
2007 0.17% 17.2%
2006 2.08% 21.8%
2005 0.74% 18.5%
2004 -0.18% 9.22%
2003 -0.44% 9.99%
2002 -2.99% 17.6%
2001 -3.44% 14.9%
2000 -4.63% -2.67%
1999 -2.78% -0.19%
1998 -0.98% -7.65%
1997 - 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/bosnia-and-herzegovina/equatorial-guinea | CC BY

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $557M, equivalent to 1.88% of GDP. This compares to Equatorial Guinea's deficit of $70.8M, or 0.55% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Equatorial Guinea ran a deficit in 13 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to surplus of 2.67% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Equatorial Guinea
1x
Year Consumer prices inflation
Bosnia Equatorial Guinea
2024 1.7% 3.4%
2023 6.1% 2.4%
2022 14% 4.9%
2021 2% -0.1%
2020 -1.1% 4.8%
2019 0.6% 1.2%
2018 1.4% 1.3%
2017 0.8% 0.7%
2016 -1.6% 1.4%
2015 -1% 1.7%
2014 -0.9% 4.3%
2013 -0.1% 3.2%
2012 2.1% 3.4%
2011 4% 4.8%
2010 2.1% 5.3%
2009 -0.4% 5.7%
2008 7.4% 4.7%
2007 1.5% 2.8%
2006 6.1% 4.5%
2005 3.6% 5.6%
2004 0.3% 4.2%
2003 0.5% 7.3%
2002 0.3% 7.6%
2001 3.2% 8.7%
2000 5% 4.8%
1999 2.8% 0.4%
1998 -0.3% 7.9%
1997 5.7% 3%

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

GeoRank.org/economy/bosnia-and-herzegovina/equatorial-guinea | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 3.93% in Equatorial Guinea. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 3.4% in Equatorial Guinea.

Top exports between countries

Bosnia
Export category Export value
Machinery & equipment $50K
Raw materials & minerals $50K
Chemicals & pharma $3K
Textiles & consumer goods $3K
Equatorial Guinea
Export category Export value
Machinery & equipment $2K

Balance of trade

Bosnia Equatorial Guinea
Current account balance
-$1.03B
2024
-$344M
1996
Current account balance ranking
123/190
2024
101/190
1996
Current account balance, % of GDP
-3.47%
2024
-148%
1996
Goods imports
$14.8B
2024
$292M
1996
Goods exports
$8.36B
2024
$175M
1996
Service imports
$1.27B
2024
$185M
1996
Service exports
$3.74B
2024
$4.88M
1996
Imports of goods and services, % of GDP
54.3%
2024
25.4%
2024
Exports of goods and services, % of GDP
40.9%
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.

Bosnia Equatorial Guinea
Economic freedom 63.1 47.4
Economic freedom ranking 83/197 175/197
Property rights 46.9 16.9
Government integrity 36.8 6.9
Judicial effectiveness 36.1 7.2
Tax burden 93.9 81
Government spending 48.4 90.8
Fiscal health 96.2 97.3
Business freedom 65.1 35.9
Labor freedom 62.7 45.2
Monetary freedom 77.5 73.5
Trade freedom 69 43.6
Investment freedom 65 40
Financial freedom 60 30

Economic freedom comparison by year

Bosnia and Herzegovina
Equatorial Guinea
1x
Year Economic freedom index
Bosnia Equatorial Guinea
2026 63.1 47.4
2025 63.5 47.7
2024 62 47.7
2023 62.9 48.3
2022 63.4 47.2
2021 62.9 49.2
2020 62.6 48.3
2019 61.9 41
2018 61.4 42
2017 60.2 45
2016 58.6 43.7
2015 59 40.4
2014 58.4 44.4
2013 57.3 42.3
2012 57.3 42.8
2011 57.5 47.5
2010 56.2 48.6
2009 53.1 51.3
2008 53.9 51.6
2007 54.4 53.2
2006 55.6 51.5
2005 48.8 53.3
2004 44.7 53.3
2003 40.6 53.1
2002 37.4 46.4
2001 36.6 47.9
2000 45.1 45.6
1999 29.4 45.1
1998 29.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-03-09).

GeoRank.org/economy/bosnia-and-herzegovina/equatorial-guinea | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, 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

Bosnia Equatorial Guinea
Services, % of GDP
56.6%
2024
51.1%
2024
Industry, % of GDP
22.4%
2024
45.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
3.15%
2024
GNI, Atlas method
$27.8B
2024
$8.96B
2024
GNI per capita, PPP
$24,990
2024
$12,330
2024
Total reserves including gold
$9.42B
2024
$1.54B
2023
Total reserves ranking
79/177
2024
134/177
2023
Net foreign direct investment
-$885M
2024
-$376M
1996
Net inflows of foreign direct investment
$1B
2024
$188M
2024
Net outflows of foreign direct investment
$119M
2024
$154M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
50.7%
2022
Gross capital formation, % of GDP
27.5%
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/bosnia-and-herzegovina/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 (1998–2026, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2014, retrieved 2026-02-20)

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.