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Economy of China vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $12.8B for Equatorial Guinea, ranking 2/197 and 148/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $4.65B (36.4% of GDP) in Equatorial Guinea.

China vs Equatorial Guinea GDP by year

China
Equatorial Guinea
1x
Year GDP, current $
China Equatorial Guinea
2024 $18,743,803,170,827 $12,765,777,677
2023 $18,270,356,654,533 $12,337,550,584
2022 $18,316,765,021,690 $13,687,643,436
2021 $18,201,698,719,564 $12,215,878,033
2020 $14,996,414,166,715 $9,893,816,008
2019 $14,560,167,101,283 $11,364,133,550
2018 $14,147,765,772,964 $13,097,012,134
2017 $12,537,559,062,283 $12,200,913,879
2016 $11,456,024,084,962 $11,240,808,848
2015 $11,280,814,787,469 $13,185,496,881
2014 $10,674,533,168,257 $21,765,453,082
2013 $9,743,124,247,267 $21,948,834,284
2012 $8,673,664,713,189 $22,388,344,144
2011 $7,671,757,207,851 $21,357,343,669
2010 $6,192,564,874,453 $16,314,443,436
2009 $5,189,577,094,998 $15,027,795,173
2008 $4,667,346,414,522 $19,749,893,536
2007 $3,604,055,822,572 $13,071,718,759
2006 $2,791,498,472,804 $10,086,528,699
2005 $2,317,551,298,052 $8,217,369,093
2004 $1,984,196,551,300 $4,410,764,339
2003 $1,683,903,309,844 $2,484,745,935
2002 $1,489,821,682,051 $1,806,742,742
2001 $1,355,036,590,252 $1,461,139,022
2000 $1,223,754,919,971 $1,045,998,496
1999 $1,103,843,203,576 $621,117,886
1998 $1,037,134,141,760 $370,687,634
1997 $967,753,570,435 $442,337,871
1996 $868,523,936,530 $232,463,023
1995 $738,190,896,228 $141,853,361
1994 $566,929,539,493 $100,807,003
1993 $446,557,291,212 $136,047,906
1992 $428,502,354,788 $134,707,184
1991 $384,510,452,962 $110,906,029
1990 $361,560,229,446 $112,119,411
1989 $348,380,566,802 $88,265,975
1988 $312,888,888,889 $100,534,657
1987 $273,455,156,951 $93,345,860
1986 $301,310,144,928 $76,407,396
1985 $310,064,625,850 $62,118,570
1984 $260,442,857,143 $50,320,914
1983 $231,130,268,199 $44,442,457
1982 $205,480,916,031 $44,294,648
1981 $196,218,253,968 $36,731,423
1980 $191,487,500,000 $50,642,881
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 $103,987,520
1976 $154,196,810,059 $103,653,050
1975 $163,687,619,736 $104,295,643
1974 $144,418,433,058 $94,159,863
1973 $138,764,340,892 $81,203,227
1972 $113,871,930,714 $65,429,198
1971 $99,959,013,880 $64,946,955
1970 $92,752,930,873 $66,331,429
1969 $79,847,786,729 $67,225,714
1968 $70,980,323,819 $67,514,286
1967 $73,011,350,596 $72,317,447
1966 $76,854,053,259 $69,110,000
1965 $70,565,994,356 $64,748,333
1964 $59,821,862,703 $51,915,000
1963 $50,812,227,919 $44,266,667
1962 $47,310,737,754 $37,253,333
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in China vs Equatorial Guinea by year

China
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $6,745 $17,567
2023 $12,951 $25,179 $6,678 $17,412
2022 $12,971 $23,032 $7,589 $18,140
2021 $12,887 $20,843 $6,946 $16,821
2020 $10,627 $18,267 $5,764 $13,677
2019 $10,343 $17,601 $6,804 $16,451
2018 $10,086 $16,298 $8,102 $18,413
2017 $8,980 $15,022 $7,809 $18,435
2016 $8,255 $14,157 $7,453 $16,649
2015 $8,175 $13,463 $9,069 $19,479
2014 $7,781 $12,942 $15,549 $27,177
2013 $7,147 $12,228 $16,304 $27,910
2012 $6,405 $11,420 $17,309 $30,012
2011 $5,704 $10,457 $17,198 $27,242
2010 $4,629 $9,411 $13,720 $26,168
2009 $3,898 $8,448 $13,233 $29,722
2008 $3,523 $7,713 $18,211 $30,523
2007 $2,735 $6,935 $12,617 $26,611
2006 $2,129 $5,946 $10,185 $23,511
2005 $1,778 $5,148 $8,674 $22,137
2004 $1,531 $4,505 $4,901 $19,354
2003 $1,307 $4,007 $2,931 $14,496
2002 $1,164 $3,591 $2,264 $13,255
2001 $1,065 $3,258 $1,949 $11,627
2000 $969 $2,964 $1,487 $7,420
1999 $881 $2,690 $931 $6,470
1998 $835 $2,483 $578 $5,280
1997 $787 $2,297 $717 $4,387
1996 $713 $2,088 $392 $1,793
1995 $613 $1,884 $248.3 $1,098
1994 $476 $1,680 $183.2 $951
1993 $379 $1,471 $256.7 $828
1992 $368 $1,276 $263.7 $756
1991 $334 $1,105 $225.3 $569
1990 $319 $991 $236.4 $577
1989 $311 - $193.2 -
1988 $284 - $228.7 -
1987 $252.3 - $220.9 -
1986 $282.4 - $188.8 -
1985 $295 - $161.1 -
1984 $251.2 - $137.9 -
1983 $225.9 - $129.4 -
1982 $203.7 - $137.5 -
1981 $197.4 - $121.1 -
1980 $195.1 - $175.5 -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - $376 -
1976 $165.7 - $369 -
1975 $178.6 - $362 -
1974 $160.4 - $319 -
1973 $157.3 - $268.6 -
1972 $132.1 - $211.4 -
1971 $118.8 - $205.6 -
1970 $113.3 - $206.8 -
1969 $100.3 - $208.4 -
1968 $91.6 - $211.7 -
1967 $96.8 - $231.9 -
1966 $104.5 - $226.7 -
1965 $98.7 - $217.1 -
1964 $85.7 - $177.8 -
1963 $74.5 - $154.8 -
1962 $71.1 - $132.9 -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

China's GDP per capita is $13,303, ranking 76/197, compared to $6,745 in Equatorial Guinea, ranking 106/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

China Equatorial Guinea
Gross domestic product
$18.7T
2024
$12.8B
2024
GDP rank
2/197
2024
148/197
2024
GDP growth
4.98%
2023-2024
0.91%
2023-2024
GDP per capita
$13,303
2024
$6,745
2024
GDP per capita rank
76/197
2024
106/197
2024
GDP per capita, PPP
$27,105
2024
$17,567
2024
GDP per capita PPP rank
77/197
2024
106/197
2024
Government debt
$16.6T
2024
$4.65B
2024
Debt-to-GDP ratio
88.3%
2024
36.4%
2024
Government debt per person
$11,749
2024
$2,458
2024
Government debt per person rank
47/185
2024
110/185
2024
Average annual personal income after taxes
$9,826
2026
$5,042
2026
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
29.1%
2022
Income share by poorest 10%
3.1%
2022
2.6%
2022
Government expenditure, % of GDP
32.9%
2024
18.5%
2024
Consumer prices inflation
0.2%
2023-2024
3.4%
2023-2024
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
8.6%
2014
Population
1402578808
1998075

Spending and national debt comparison by year

China
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
China Equatorial Guinea
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 18.5% 36.4%
2023 32.7% 82% 19.2% 39.1%
2022 32.6% 75.5% 14.8% 29.8%
2021 31.9% 70.1% 12.7% 42.3%
2020 34.8% 69% 16.2% 49.4%
2019 33.6% 59.4% 16.8% 43.2%
2018 32.6% 55.6% 19.1% 40.6%
2017 32% 53.9% 20.1% 36.2%
2016 31.7% 49.7% 27.8% 41.1%
2015 31% 40.8% 41.6% 31.7%
2014 28.4% 39.3% 31.6% 12.6%
2013 28.1% 36.4% 29.3% 6.27%
2012 27.7% 33.8% 35.2% 7.1%
2011 26.6% 33.2% 27.5% 7.17%
2010 24.7% 33.3% 31.2% 7.89%
2009 25.2% 34% 39.8% 4.34%
2008 22.2% 26.7% 19.9% 0.49%
2007 17.9% 28.7% 19.7% 0.75%
2006 18.1% 25.2% 18.1% 1.22%
2005 18% 25.9% 14.1% 2.85%
2004 17.6% 26% 15.5% 4.54%
2003 18% 26.4% 11.8% 6.77%
2002 18.2% 25.6% 11.3% 19.4%
2001 17.2% 24.3% 13.5% 25.5%
2000 16.1% 22.7% 22.6% 36.6%
1999 14.9% 21.6% 18.7% 60.5%
1998 12.6% 20.4% 35.1% 59.2%
1997 11.5% 20.4% 14.8% 46.3%
1996 11% 21.2% 22.9% 91.2%
1995 11.1% 21.4% 141.5% 136.9%
1994 12.4% - 510% 216%
1993 13.4% - 256.3% 152.6%
1992 14.6% - 595% 136.9%
1991 16.5% - 284.5% 169.5%
1990 18.2% - 212.9% 157%
1989 18.6% - 116.8% 187%
1988 20.9% 4.46% 227.9% 154.5%
1987 23.4% 3.6% 183% 141.3%
1986 25.6% 3.24% 119% 152.5%
1985 25.8% 3.31% 115.4% 183.8%
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

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

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Equatorial Guinea spent $2.36B, or 18.5% of GDP.

Debt-to-GDP ratio is 88.3% in China and 36.4% in Equatorial Guinea, ranking 34/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
China

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
China Equatorial Guinea
2024 -7.34% -0.55%
2023 -6.71% 2.39%
2022 -7.32% 11.7%
2021 -5.9% 2.65%
2020 -9.56% -1.77%
2019 -6% 1.82%
2018 -4.2% 0.52%
2017 -3.34% -2.59%
2016 -3.33% -10.9%
2015 -2.5% -15.1%
2014 -0.67% -7.54%
2013 -0.82% -4.4%
2012 -0.3% -7.24%
2011 -0.1% 0.83%
2010 -0.36% -4.53%
2009 -1.72% -6.47%
2008 -0.02% 14.6%
2007 0.06% 17.2%
2006 -1.13% 21.8%
2005 -1.38% 18.5%
2004 -1.49% 9.22%
2003 -2.36% 9.99%
2002 -2.84% 17.6%
2001 -2.56% 14.9%
2000 -2.81% -2.67%
1999 -2.3% -0.19%
1998 -1.08% -7.65%
1997 -0.73% 3.21%
1996 -0.73% -6.36%
1995 -0.94% -123.4%
1994 -1.68% -487%
1993 -0.89% -217.9%
1992 -1.22% -557%
1991 -1.04% -236%
1990 -0.72% -160.2%
1989 -0.91% -76.2%
1988 -2.22% -208.5%
1987 -2.08% -158%
1986 -1.82% -97.3%
1985 -0.45% -89.3%
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

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

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Equatorial Guinea's deficit of $70.8M, or 0.55% of GDP.

Over the past 40 years, China recorded a fiscal deficit in 39 of those years, while Equatorial Guinea ran a deficit in 25 years. On average, China posted an annual deficit equal to 2.34% of GDP, compared to deficit of 58.6% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
China

Equatorial Guinea
1x
Year Consumer prices inflation
China Equatorial Guinea
2024 0.2% 3.4%
2023 0.2% 2.4%
2022 2% 4.9%
2021 0.9% -0.1%
2020 2.5% 4.8%
2019 2.9% 1.2%
2018 2.1% 1.3%
2017 1.6% 0.7%
2016 2% 1.4%
2015 1.5% 1.7%
2014 2% 4.3%
2013 2.7% 3.2%
2012 2.6% 3.4%
2011 5.4% 4.8%
2010 3.3% 5.3%
2009 -0.7% 5.7%
2008 5.9% 4.7%
2007 4.7% 2.8%
2006 1.5% 4.5%
2005 1.8% 5.6%
2004 3.9% 4.2%
2003 1.1% 7.3%
2002 -0.8% 7.6%
2001 0.7% 8.7%
2000 0.4% 4.8%
1999 -1.4% 0.4%
1998 -0.8% 7.9%
1997 2.8% 3%

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

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

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 3.93% in Equatorial Guinea. In 2024, inflation was 0.2% in China and 3.4% in Equatorial Guinea.

Top exports between countries

China
Export category Export value
Machinery & equipment $86.4M
Textiles & consumer goods $49.3M
Metals $28.2M
Chemicals & pharma $22.8M
Wood & paper products $5.78M
Raw materials & minerals $5.58M
Processed food, beverages & tobacco $3.09M
Raw agricultural goods $2.36M
Miscellaneous $1.97M
Animal & marine products $1.54M
Equatorial Guinea
Export category Export value
Raw materials & minerals $931M
Wood & paper products $52.5M
Metals $85K
Miscellaneous $1K

Balance of trade

China Equatorial Guinea
Current account balance
$424B
2024
-$344M
1996
Current account balance ranking
1/190
2024
101/190
1996
Current account balance, % of GDP
+2.26%
2024
-148%
1996
Goods imports
$2.64T
2024
$292M
1996
Goods exports
$3.41T
2024
$175M
1996
Service imports
$613B
2024
$185M
1996
Service exports
$384B
2024
$4.88M
1996
Imports of goods and services, % of GDP
17.2%
2024
25.4%
2024
Exports of goods and services, % of GDP
20%
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.

China Equatorial Guinea
Economic freedom 48.3 47.4
Economic freedom ranking 170/197 175/197
Property rights 40.9 16.9
Government integrity 42.3 6.9
Judicial effectiveness 38.6 7.2
Tax burden 69.3 81
Government spending 67.8 90.8
Fiscal health 4.4 97.3
Business freedom 68.7 35.9
Labor freedom 57.9 45.2
Monetary freedom 76.1 73.5
Trade freedom 73.4 43.6
Investment freedom 20 40
Financial freedom 20 30

Economic freedom comparison by year

China
Equatorial Guinea
1x
Year Economic freedom index
China Equatorial Guinea
2026 48.3 47.4
2025 49 47.7
2024 48.5 47.7
2023 48.3 48.3
2022 48 47.2
2021 58.4 49.2
2020 59.5 48.3
2019 58.4 41
2018 57.8 42
2017 57.4 45
2016 52 43.7
2015 52.7 40.4
2014 52.5 44.4
2013 51.9 42.3
2012 51.2 42.8
2011 52 47.5
2010 51 48.6
2009 53.2 51.3
2008 53.1 51.6
2007 52 53.2
2006 53.6 51.5
2005 53.7 53.3
2004 52.5 53.3
2003 52.6 53.1
2002 52.8 46.4
2001 52.6 47.9
2000 56.4 45.6
1999 54.8 45.1
1998 53.1 -
1997 51.7 -
1996 51.3 -
1995 52 -

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

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

The Economic Freedom Index for China is 48.3, ranking 170/197, 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

China Equatorial Guinea
Services, % of GDP
56.7%
2024
51.1%
2024
Industry, % of GDP
36.5%
2024
45.8%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
3.15%
2024
GNI, Atlas method
$19.3T
2024
$8.96B
2024
GNI per capita, PPP
$26,920
2024
$12,330
2024
Total reserves including gold
$3.46T
2024
$1.54B
2023
Total reserves ranking
1/177
2024
134/177
2023
Net foreign direct investment
$154B
2024
-$376M
1996
Net inflows of foreign direct investment
$18.6B
2024
$188M
2024
Net outflows of foreign direct investment
$172B
2024
$154M
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
n/a
Poverty at national poverty lines
0%
2020
50.7%
2022
Gross capital formation, % of GDP
40.6%
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/china/equatorial-guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (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.