Equatorial Guinea ranked 148/197 by economy size with a GDP of $12.8B and 106/197 by GDP per capita at $6,745. Equatorial Guinea has $4.62B in government debt, with a debt-to-GDP ratio of 35.1%.
In 2025, Equatorial Guinea made up 0.01% of the world's economy, compared to 0.002% in 1962.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1962 | $37,253,333 | - | - |
| 1963 | $44,266,667 | - | 18.8% |
| 1964 | $51,915,000 | - | 17.3% |
| 1965 | $64,748,333 | - | 24.7% |
| 1966 | $69,110,000 | - | 6.74% |
| 1967 | $72,317,447 | - | 4.64% |
| 1968 | $67,514,286 | - | -6.64% |
| 1969 | $67,225,714 | - | -0.43% |
| 1970 | $66,331,429 | - | -1.33% |
| 1971 | $64,946,955 | - | -2.09% |
| 1972 | $65,429,198 | - | 0.74% |
| 1973 | $81,203,227 | - | 24.1% |
| 1974 | $94,159,863 | - | 16% |
| 1975 | $104,295,643 | - | 10.8% |
| 1976 | $103,653,050 | - | -0.62% |
| 1977 | $103,987,520 | - | 0.32% |
| 1978 | - | - | 0% |
| 1979 | - | - | 0% |
| 1980 | $50,642,881 | $132,086,051 | -51.3% |
| 1981 | $36,731,423 | $139,706,651 | -27.5% |
| 1982 | $44,294,648 | $142,782,539 | 20.6% |
| 1983 | $44,442,457 | $149,927,930 | 0.33% |
| 1984 | $50,320,914 | $151,444,273 | 13.2% |
| 1985 | $62,118,570 | $170,988,428 | 23.4% |
| 1986 | $76,407,396 | $167,003,446 | 23% |
| 1987 | $93,345,860 | $174,412,950 | 22.2% |
| 1988 | $100,534,657 | $179,044,071 | 7.7% |
| 1989 | $88,265,975 | $176,843,301 | -12.2% |
| 1990 | $112,119,411 | $173,733,398 | 27% |
| 1991 | $110,906,029 | $171,957,428 | -1.08% |
| 1992 | $134,707,184 | $231,704,586 | 21.5% |
| 1993 | $136,047,906 | $257,269,047 | 1% |
| 1994 | $100,807,003 | $300,152,801 | -25.9% |
| 1995 | $141,853,361 | $352,638,312 | 40.7% |
| 1996 | $232,463,023 | $587,424,890 | 63.9% |
| 1997 | $442,337,871 | $1,468,403,405 | 90.3% |
| 1998 | $370,687,634 | $1,817,508,713 | -16.2% |
| 1999 | $621,117,886 | $2,283,954,429 | 67.6% |
| 2000 | $1,045,998,496 | $2,699,948,864 | 68.4% |
| 2001 | $1,461,139,022 | $4,411,173,090 | 39.7% |
| 2002 | $1,806,742,742 | $5,269,712,387 | 23.7% |
| 2003 | $2,484,745,935 | $6,005,113,942 | 37.5% |
| 2004 | $4,410,764,339 | $8,286,980,786 | 77.5% |
| 2005 | $8,217,369,093 | $9,674,942,387 | 86.3% |
| 2006 | $10,086,528,699 | $10,420,388,727 | 22.7% |
| 2007 | $13,071,718,759 | $12,012,844,403 | 29.6% |
| 2008 | $19,749,893,536 | $14,151,023,688 | 51.1% |
| 2009 | $15,027,795,173 | $14,341,122,354 | -23.9% |
| 2010 | $16,314,443,436 | $13,061,295,371 | 8.56% |
| 2011 | $21,357,343,669 | $13,913,404,306 | 30.9% |
| 2012 | $22,388,344,144 | $15,070,007,775 | 4.83% |
| 2013 | $21,948,834,284 | $14,447,134,440 | -1.96% |
| 2014 | $21,765,453,082 | $14,507,099,626 | -0.84% |
| 2015 | $13,185,496,881 | $13,185,496,881 | -39.4% |
| 2016 | $11,240,808,848 | $12,023,008,462 | -14.7% |
| 2017 | $12,200,913,879 | $11,341,603,435 | 8.54% |
| 2018 | $13,097,012,134 | $10,634,279,339 | 7.34% |
| 2019 | $11,364,133,550 | $10,051,326,715 | -13.2% |
| 2020 | $9,893,816,008 | $9,569,759,527 | -12.9% |
| 2021 | $12,215,878,033 | $9,652,085,293 | 23.5% |
| 2022 | $13,687,643,436 | $9,963,221,065 | 12% |
| 2023 | $12,337,550,584 | $9,456,161,987 | -9.86% |
| 2024 | $12,765,777,677 | $9,541,952,851 | 3.47% |
Economic Statistics of Equatorial Guinea
Equatorial Guinea
|
Rank | |
|---|---|---|
| Gross domestic product |
$12.8B
2024 |
148/197 |
| GDP growth |
3.47%
2023-2024 |
138/196 |
| GDP per capita |
$6,745
2024 |
106/197 |
| GDP per capita, PPP |
$17,567
2024 |
103/197 |
| Government debt |
$4.62B
2024 |
146/185 |
| Debt-to-GDP ratio |
35.1%
2025 |
148/185 |
| Government debt per person |
$2,442
2024 |
112/185 |
| Average annual personal income after taxes |
$4,393
2025 |
121/197 |
| Income share by richest 10% |
29.1%
2022 |
73/169 |
| Income share by poorest 10% |
2.6%
2022 |
99/169 |
| Government expenditure, % of GDP |
18.7%
2025 |
163/195 |
| Consumer prices inflation |
2.9%
2024-2025 |
109/195 |
| Unemployment rate |
8.6%
2014 |
50/196 |
| Population |
1975406
|
148/197 |
Equatorial Guinea's GDP per capita
Equatorial Guinea has a GDP per capita of $6,745, ranking 106/197, a GDP per capita based on purchasing power parity (PPP) of $17,567, ranking 103/197, and a median annual after tax income of $4,393, ranking 121/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1962 | $132.9 | - |
| 1963 | $154.8 | - |
| 1964 | $177.8 | - |
| 1965 | $217.1 | - |
| 1966 | $226.7 | - |
| 1967 | $231.9 | - |
| 1968 | $211.7 | - |
| 1969 | $208.4 | - |
| 1970 | $206.8 | - |
| 1971 | $205.6 | - |
| 1972 | $211.4 | - |
| 1973 | $268.6 | - |
| 1974 | $319 | - |
| 1975 | $362 | - |
| 1976 | $369 | - |
| 1977 | $376 | - |
| 1978 | $376 | - |
| 1979 | $372 | - |
| 1980 | $175.5 | - |
| 1981 | $121.1 | - |
| 1982 | $137.5 | - |
| 1983 | $129.4 | - |
| 1984 | $137.9 | - |
| 1985 | $161.1 | - |
| 1986 | $188.8 | - |
| 1987 | $220.9 | - |
| 1988 | $228.7 | - |
| 1989 | $193.2 | - |
| 1990 | $236.4 | $577 |
| 1991 | $225.3 | $569 |
| 1992 | $263.7 | $756 |
| 1993 | $256.7 | $828 |
| 1994 | $183.2 | $951 |
| 1995 | $248.3 | $1,098 |
| 1996 | $392 | $1,793 |
| 1997 | $717 | $4,387 |
| 1998 | $578 | $5,280 |
| 1999 | $931 | $6,470 |
| 2000 | $1,487 | $7,420 |
| 2001 | $1,949 | $11,627 |
| 2002 | $2,264 | $13,255 |
| 2003 | $2,931 | $14,496 |
| 2004 | $4,901 | $19,354 |
| 2005 | $8,674 | $22,137 |
| 2006 | $10,185 | $23,511 |
| 2007 | $12,617 | $26,611 |
| 2008 | $18,211 | $30,523 |
| 2009 | $13,233 | $29,722 |
| 2010 | $13,720 | $26,168 |
| 2011 | $17,198 | $27,242 |
| 2012 | $17,309 | $30,012 |
| 2013 | $16,304 | $27,910 |
| 2014 | $15,549 | $27,177 |
| 2015 | $9,069 | $19,479 |
| 2016 | $7,453 | $16,649 |
| 2017 | $7,809 | $18,435 |
| 2018 | $8,102 | $18,413 |
| 2019 | $6,804 | $16,451 |
| 2020 | $5,764 | $13,677 |
| 2021 | $6,946 | $16,821 |
| 2022 | $7,589 | $18,140 |
| 2023 | $6,678 | $17,412 |
| 2024 | $6,745 | $17,567 |
Equatorial Guinea's government spending, deficit, and chart
This chart shows Equatorial Guinea's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 41 years, Equatorial Guinea recorded a fiscal deficit in 26 years — average annual deficit equal to -57.1% of GDP. In 2024, government spending reached $2.52B (18.7% of GDP), with a deficit of -0.78%.
The national debt reached $4.62B, ranking 146th out of 185 countries by total size, with a debt-to-GDP ratio of 35.1%, ranking 148th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1985 | 115.4% | 183.8% | -89.3% |
| 1986 | 119% | 152.5% | -97.3% |
| 1987 | 183% | 141.3% | -158% |
| 1988 | 227.9% | 154.5% | -208.5% |
| 1989 | 116.8% | 187% | -76.2% |
| 1990 | 212.9% | 157% | -160.2% |
| 1991 | 284.5% | 169.5% | -236% |
| 1992 | 595% | 136.9% | -557% |
| 1993 | 256.3% | 152.6% | -217.9% |
| 1994 | 510% | 216% | -487% |
| 1995 | 141.5% | 136.9% | -123.4% |
| 1996 | 22.9% | 91.2% | -6.36% |
| 1997 | 14.8% | 46.3% | 3.21% |
| 1998 | 35.1% | 59.2% | -7.65% |
| 1999 | 18.7% | 60.5% | -0.19% |
| 2000 | 22.6% | 36.6% | -2.67% |
| 2001 | 13.5% | 25.5% | 14.9% |
| 2002 | 11.3% | 19.4% | 17.6% |
| 2003 | 13.9% | 6.77% | 7.85% |
| 2004 | 10.8% | 4.54% | 13.9% |
| 2005 | 14.1% | 2.85% | 18.5% |
| 2006 | 18.1% | 1.22% | 21.8% |
| 2007 | 19.7% | 0.75% | 17.2% |
| 2008 | 19.9% | 0.49% | 14.6% |
| 2009 | 39.8% | 4.34% | -6.47% |
| 2010 | 31.2% | 7.89% | -4.53% |
| 2011 | 27.5% | 7.17% | 0.83% |
| 2012 | 35.2% | 7.1% | -7.24% |
| 2013 | 29.3% | 6.27% | -4.4% |
| 2014 | 31.6% | 12.6% | -7.54% |
| 2015 | 41.6% | 31.7% | -15.1% |
| 2016 | 27.8% | 41.1% | -10.9% |
| 2017 | 20.1% | 36.2% | -2.59% |
| 2018 | 19.1% | 40.6% | 0.52% |
| 2019 | 16.8% | 43.2% | 1.82% |
| 2020 | 16.2% | 49.4% | -1.77% |
| 2021 | 12.7% | 42.3% | 2.65% |
| 2022 | 14.8% | 29.8% | 11.7% |
| 2023 | 19.2% | 36.3% | 2.39% |
| 2024 | 19.7% | 36.2% | -1.23% |
| 2025 | 18.7% | 35.1% | -0.78% |
Inflation rate by year
Over the past 20 years, Equatorial Guinea has had an average annual inflation rate of 3.17%. In 2025, inflation was 2.9%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1980 | 0% |
| 1981 | 16.7% |
| 1982 | 38.3% |
| 1983 | 60.1% |
| 1984 | 59.5% |
| 1985 | 84% |
| 1986 | -17.6% |
| 1987 | -13.2% |
| 1988 | 2.5% |
| 1989 | 6.1% |
| 1990 | 0.9% |
| 1991 | -3.4% |
| 1992 | -4.3% |
| 1993 | 5.5% |
| 1994 | 31.8% |
| 1995 | 19.9% |
| 1996 | 4.5% |
| 1997 | 3% |
| 1998 | 7.9% |
| 1999 | 0.4% |
| 2000 | 4.8% |
| 2001 | 8.7% |
| 2002 | 7.6% |
| 2003 | 7.3% |
| 2004 | 4.2% |
| 2005 | 5.6% |
| 2006 | 4.5% |
| 2007 | 2.8% |
| 2008 | 4.7% |
| 2009 | 5.7% |
| 2010 | 5.3% |
| 2011 | 4.8% |
| 2012 | 3.4% |
| 2013 | 3.2% |
| 2014 | 4.3% |
| 2015 | 1.7% |
| 2016 | 1.4% |
| 2017 | 0.7% |
| 2018 | 1.3% |
| 2019 | 1.2% |
| 2020 | 4.8% |
| 2021 | -0.1% |
| 2022 | 4.9% |
| 2023 | 2.4% |
| 2024 | 3.4% |
| 2025 | 2.9% |
Balance of trade
|
Equatorial Guinea
|
Rank | |
|---|---|---|
Current account balance
|
-$344M
1996 |
99/189 |
| Current account balance, % of GDP |
-148%
1996 |
189/189 |
| Goods imports |
$292M
1996 |
178/188 |
| Goods exports |
$175M
1996 |
168/188 |
| Service imports |
$185M
1996 |
176/188 |
| Service exports |
$4.88M
1996 |
187/188 |
| Imports of goods and services, % of GDP |
25.4%
2024 |
149/180 |
| Exports of goods and services, % of GDP |
35.2%
2024 |
96/193 |
Equatorial Guinea's top 10 trading partners
Equatorial Guinea's biggest trading partner accounting for 21.3%% of all exports and imports is China, with a trade balance between the two of +$813M — Equatorial Guinea exports $984M worth of goods and services to China and imports $170M.
Below is the list of the top 10 trade partners of Equatorial Guinea.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
China
|
$1.15B | 21.3% | $984M | $170M | Raw materials & minerals | Machinery & equipment |
| 2 |
Spain
|
$851M | 15.7% | $692M | $159M | Raw materials & minerals | Processed food, beverages & tobacco |
| 3 |
India
|
$618M | 11.4% | $591M | $27.3M | Raw materials & minerals | Machinery & equipment |
| 4 |
Italy
|
$330M | 6.08% | $303M | $26.8M | Raw materials & minerals | Machinery & equipment |
| 5 |
United States
|
$233M | 4.3% | $138M | $95.4M | Raw materials & minerals | Machinery & equipment |
| 6 |
Thailand
|
$206M | 3.79% | $201M | $4.46M | Raw materials & minerals | Raw agricultural goods |
| 7 |
Japan
|
$200M | 3.68% | $199M | $419K | Raw materials & minerals | Machinery & equipment |
| 8 |
South Korea
|
$196M | 3.61% | $189M | $7.08M | Raw materials & minerals | Metals |
| 9 |
Indonesia
|
$188M | 3.47% | $172M | $16.4M | Raw materials & minerals | Processed food, beverages & tobacco |
| 10 |
United Kingdom
|
$188M | 3.46% | $129M | $59.2M | Raw materials & minerals | Machinery & equipment |
Equatorial Guinea's top 10 exports
|
Equatorial Guinea
|
Rank | |
|---|---|---|
| Raw materials & minerals | $4.11B | 81/193 |
| Chemicals & pharma | $215M | 97/193 |
| Transport & tourism services | $88.6M | 161/188 |
| Business & finance services | $84.6M | 129/188 |
| Wood & paper products | $57.7M | 108/192 |
| Metals | $19.7M | 147/192 |
| Government & miscellaneous services | $16.1M | 130/180 |
| IT & IP services | $6.55M | 161/183 |
| Miscellaneous | $4.8M | 118/191 |
| Machinery & equipment | $2.21M | 177/193 |
Equatorial Guinea's top 10 imports
|
Equatorial Guinea
|
Rank | |
|---|---|---|
| Business & finance services | $527M | 112/188 |
| Machinery & equipment | $371M | 160/193 |
| Transport & tourism services | $365M | 149/188 |
| Processed food, beverages & tobacco | $144M | 165/193 |
| Manufacturing & construction services | $134M | 78/163 |
| Metals | $97.6M | 162/193 |
| Animal & marine products | $82.9M | 142/193 |
| Textiles & consumer goods | $82.8M | 167/193 |
| Chemicals & pharma | $82.1M | 170/193 |
| Raw materials & minerals | $36.6M | 185/193 |
Economic freedom indices
|
Equatorial Guinea
|
Rank | |
|---|---|---|
| Economic freedom | 47.7 | 175/197 |
| Property rights | 18.7 | 166/182 |
| Government integrity | 7.2 | 166/182 |
| Judicial effectiveness | 7.1 | 166/182 |
| Tax burden | 74.9 | 125/181 |
| Government spending | 92.5 | 16/180 |
| Fiscal health | 97.2 | 16/181 |
| Business freedom | 36.5 | 164/182 |
| Labor freedom | 44.9 | 164/182 |
| Monetary freedom | 74.3 | 55/180 |
| Trade freedom | 48.8 | 174/181 |
| Investment freedom | 40 | 134/181 |
| Financial freedom | 30 | 138/181 |
Equatorial Guinea's economic freedom by year
Equatorial Guinea is ranked 161/180 for economic freedom with a score of 47.7, compared to 117/163 and a score of 53.3 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1999 | 45.1 | - | 89.3 | 81.4 | - |
| 2000 | 45.6 | - | 89.4 | 81.3 | - |
| 2001 | 47.9 | - | 89.5 | 90.3 | - |
| 2002 | 46.4 | - | 89.6 | 92.3 | - |
| 2003 | 53.1 | - | 89.7 | 96.7 | - |
| 2004 | 53.3 | - | 89.7 | 99.3 | - |
| 2005 | 53.3 | - | 92.7 | 93.3 | - |
| 2006 | 51.5 | - | 75.4 | 96.7 | - |
| 2007 | 53.2 | - | 75.4 | 84.1 | - |
| 2008 | 51.6 | - | 75.4 | 82 | - |
| 2009 | 51.3 | - | 75.5 | 86.3 | - |
| 2010 | 48.6 | - | 75.5 | 83.9 | - |
| 2011 | 47.5 | - | 75.5 | 80.5 | - |
| 2012 | 42.8 | - | 75.5 | 28 | - |
| 2013 | 42.3 | - | 75.4 | 39.3 | - |
| 2014 | 44.4 | - | 75.5 | 62.6 | - |
| 2015 | 40.4 | - | 75.4 | 31.4 | - |
| 2016 | 43.7 | - | 75.4 | 45.6 | - |
| 2017 | 45 | 13.1 | 75.4 | 53.6 | 46.4 |
| 2018 | 42 | 17.6 | 69.6 | 61 | 19.1 |
| 2019 | 41 | 18.1 | 71.3 | 67.6 | 16.4 |
| 2020 | 48.3 | 19.5 | 75.1 | 86.4 | 77.2 |
| 2021 | 49.2 | 15.4 | 75.2 | 90 | 96.1 |
| 2022 | 47.2 | 6.9 | 75.1 | 91 | 94.8 |
| 2023 | 48.3 | 8.9 | 74.5 | 93.2 | 96.3 |
| 2024 | 47.7 | 8.3 | 75.1 | 92.9 | 97.6 |
| 2025 | 47.7 | 7.1 | 74.9 | 92.5 | 97.2 |
More economic indicators
|
Equatorial Guinea
|
Rank | |
|---|---|---|
| Services, % of GDP |
51.1%
2024 |
126/191 |
| Industry, % of GDP |
45.8%
2024 |
11/194 |
| Agriculture, forestry, and fishing, % of GDP |
3.15%
2024 |
127/193 |
|
GNI, Atlas method
|
$8.96B
2024 |
152/194 |
| GNI per capita, PPP |
$12,330
2024 |
118/191 |
| Total reserves including gold |
$1.54B
2023 |
134/177 |
|
Net foreign direct investment
|
-$376M
1996 |
95/188 |
|
Net inflows of foreign direct investment
|
$188M
2024 |
139/193 |
|
Net outflows of foreign direct investment
|
$154M
2024 |
80/187 |
| Poverty at national poverty lines |
50.7%
2022 |
21/176 |
|
Gross capital formation, % of GDP
|
8.96%
2024 |
171/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Equatorial Guinea topic pages:
Economy comparisons
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.
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.