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Equatorial Guinea economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Equatorial Guinea ranked 150/197 by economy size with a GDP of $12.8B and 107/197 by GDP per capita at $6,615. Equatorial Guinea has $5.21B in government debt, with a debt-to-GDP ratio of 40.6%.

In 2025, Equatorial Guinea made up 0.01% of the world's economy, compared to 0.002% in 1962.

Equatorial Guinea GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $12,823,210,426 -5.85%
2024 $13,254,388,261 0.4%
2023 $12,541,814,273 -7.43%
2022 $13,687,643,436 3.22%
2021 $12,215,878,033 0.86%
2020 $9,893,816,008 -4.79%
2019 $11,364,133,550 -5.48%
2018 $13,097,012,134 -6.24%
2017 $12,200,913,879 -5.67%
2016 $11,240,808,848 -8.82%
2015 $13,185,496,881 -9.11%
2014 $21,765,453,082 0.42%
2013 $21,948,834,284 -4.13%
2012 $22,388,344,144 8.31%
2011 $21,357,343,669 6.52%
2010 $16,314,443,436 -8.92%
2009 $15,027,795,173 1.34%
2008 $19,749,893,536 17.8%
2007 $13,071,718,759 15.3%
2006 $10,086,528,699 7.7%
2005 $8,217,369,093 16.7%
2004 $4,410,764,339 38%
2003 $2,484,745,935 14%
2002 $1,806,742,742 19.5%
2001 $1,461,139,022 63.4%
2000 $1,045,998,496 18.2%
1999 $621,117,886 25.7%
1998 $370,687,634 23.8%
1997 $442,337,871 150%
1996 $232,463,023 66.6%
1995 $141,853,361 17.5%
1994 $100,807,003 16.7%
1993 $136,047,906 11%
1992 $134,707,184 34.7%
1991 $110,906,029 -1.02%
1990 $112,119,411 -1.76%
1989 $88,265,975 -1.23%
1988 $100,534,657 2.66%
1987 $93,345,860 4.44%
1986 $76,407,396 -2.33%
1985 $62,118,570 12.9%
1984 $50,320,914 1.01%
1983 $44,442,457 5%
1982 $44,294,648 2.2%
1981 $36,731,423 5.77%
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 (1962–2025, retrieved 2026-07-08).

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

Equatorial Guinea GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $6,615 -
2024 $7,004 $17,567
2023 $6,788 $17,412
2022 $7,589 $18,140
2021 $6,946 $16,821
2020 $5,764 $13,677
2019 $6,804 $16,451
2018 $8,102 $18,413
2017 $7,809 $18,435
2016 $7,453 $16,649
2015 $9,069 $19,479
2014 $15,549 $27,177
2013 $16,304 $27,910
2012 $17,309 $30,012
2011 $17,198 $27,242
2010 $13,720 $26,168
2009 $13,233 $29,722
2008 $18,211 $30,523
2007 $12,617 $26,611
2006 $10,185 $23,511
2005 $8,674 $22,137
2004 $4,901 $19,354
2003 $2,931 $14,496
2002 $2,264 $13,255
2001 $1,949 $11,627
2000 $1,487 $7,420
1999 $931 $6,470
1998 $578 $5,280
1997 $717 $4,387
1996 $392 $1,793
1995 $248.3 $1,098
1994 $183.2 $951
1993 $256.7 $828
1992 $263.7 $756
1991 $225.3 $569
1990 $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 (1962–2025, retrieved 2026-07-08).

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

Equatorial Guinea has a GDP per capita of $6,615, ranking 107/197, a GDP per capita based on purchasing power parity (PPP) of $17,567, ranking 106/197, and a median annual after tax income of $4,723, ranking 110/197.

Equatorial Guinea GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 141 97 -
2024 145 99 98
2023 145 100 99
2022 142 91 90
2021 141 91 88
2020 145 94 98
2019 143 91 82
2018 137 84 76
2017 136 83 72
2016 136 83 76
2015 127 72 66
2014 110 53 46
2013 108 52 45
2012 107 51 41
2011 108 51 43
2010 109 53 46
2009 110 53 39
2008 102 47 39
2007 109 56 45
2006 114 55 48
2005 118 55 47
2004 138 71 48
2003 146 84 51
2002 150 88 56
2001 156 89 58
2000 157 108 81
1999 169 125 87
1998 177 146 97
1997 174 139 103
1996 181 158 144
1995 182 174 161
1994 183 177 168
1993 178 168 168
1992 177 166 167
1991 177 173 175
1990 177 172 172
1989 161 160 -
1988 160 161 -
1987 158 156 -
1986 153 154 -
1985 153 156 -
1984 152 155 -
1983 152 154 -
1982 152 154 -
1981 152 153 -
1980 150 151 -
1979 - - -
1978 - - -
1977 129 115 -
1976 128 109 -
1975 129 107 -
1974 127 108 -
1973 126 108 -
1972 127 111 -
1971 126 109 -
1970 125 103 -
1969 114 85 -
1968 113 79 -
1967 112 72 -
1966 109 74 -
1965 109 76 -
1964 108 74 -
1963 108 77 -
1962 108 85 -

Data sources: World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08).

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

Compared with 2000, in 2025 Equatorial Guinea is ranked 141st out of 179 by GDP (up from 157th), 97th by GDP per capita (up from 108th), and 98th by GDP per capita PPP (down from 81st).

Economic indicators

Equatorial Guinea Rank
Gross domestic product
$12.8B
2025
150/197
GDP growth
-5.85%
2024-2025
192/194
GDP per capita
$6,615
2025
107/197
GDP per capita, PPP
$17,567
2024
106/197
Government debt
$5.21B
2025
145/185
Debt-to-GDP ratio
40.6%
2025
132/185
Government debt per person
$2,686
2025
109/185
Average annual personal income after taxes
$4,723
2026
110/197
Income share by richest 10%
29.1%
2022
71/169
Income share by poorest 10%
2.6%
2022
99/169
Government expenditure, % of GDP
20.7%
2025
150/195
Consumer prices inflation
2.8%
2024-2025
101/195
Unemployment rate
8.6%
2014
45/196
Population
2008950
148/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 20.7% 40.6% -2.55%
2024 18.5% 36.4% -0.55%
2023 19.2% 39.1% 2.39%
2022 14.8% 29.8% 11.7%
2021 12.7% 42.3% 2.65%
2020 16.2% 49.4% -1.77%
2019 16.8% 43.2% 1.82%
2018 19.1% 40.6% 0.52%
2017 20.1% 36.2% -2.59%
2016 27.8% 41.1% -10.9%
2015 41.6% 31.7% -15.1%
2014 31.6% 12.6% -7.54%
2013 29.3% 6.27% -4.4%
2012 35.2% 7.1% -7.24%
2011 27.5% 7.17% 0.83%
2010 31.2% 7.89% -4.53%
2009 39.8% 4.34% -6.47%
2008 19.9% 0.49% 14.6%
2007 19.7% 0.75% 17.2%
2006 18.1% 1.22% 21.8%
2005 14.1% 2.85% 18.5%
2004 15.5% 4.54% 9.22%
2003 11.8% 6.77% 9.99%
2002 11.3% 19.4% 17.6%
2001 13.5% 25.5% 14.9%
2000 22.6% 36.6% -2.67%
1999 18.7% 60.5% -0.19%
1998 35.1% 59.2% -7.65%
1997 14.8% 46.3% 3.21%
1996 22.9% 91.2% -6.36%
1995 141.5% 136.9% -123.4%
1994 510% 216% -487%
1993 256.3% 152.6% -217.9%
1992 595% 136.9% -557%
1991 284.5% 169.5% -236%
1990 212.9% 157% -160.2%
1989 116.8% 187% -76.2%
1988 227.9% 154.5% -208.5%
1987 183% 141.3% -158%
1986 119% 152.5% -97.3%
1985 115.4% 183.8% -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/equatorial-guinea | CC BY

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 of them, with an average annual deficit equal to 57.2% of GDP. In 2025, government spending reached $2.65B (20.7% of GDP), with a deficit of 2.55%.

The national debt reached $5.21B, ranking 145th out of 185 countries by total size, with a debt-to-GDP ratio of 40.6%, ranking 132nd.

Inflation rate by year

1x
Year Inflation
2025 2.8%
2024 3.4%
2023 2.4%
2022 4.9%
2021 -0.1%
2020 4.8%
2019 1.2%
2018 1.3%
2017 0.7%
2016 1.4%
2015 1.7%
2014 4.3%
2013 3.2%
2012 3.4%
2011 4.8%
2010 5.3%
2009 5.7%
2008 4.7%
2007 2.8%
2006 4.5%
2005 5.6%
2004 4.2%
2003 7.3%
2002 7.6%
2001 8.7%
2000 4.8%
1999 0.4%
1998 7.9%
1997 3%
1996 4.5%
1995 19.9%
1994 31.8%
1993 5.5%
1992 -4.3%
1991 -3.4%
1990 0.9%
1989 6.1%
1988 2.5%
1987 -13.2%
1986 -17.6%
1985 84%
1984 59.5%
1983 60.1%
1982 38.3%
1981 16.7%
1980 0%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1980–2025, retrieved 2026-07-08).

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

Over the past 20 years, Equatorial Guinea has had an average annual inflation rate of 3.16%. In 2025, inflation was 2.8%. The bar chart above shows consumer price inflation by year.

Balance of trade

Equatorial Guinea Rank
Current account balance
-$344M
1996
98/190
Current account balance, % of GDP
-148%
1996
190/190
Goods imports
$292M
1996
179/189
Goods exports
$175M
1996
169/189
Service imports
$185M
1996
178/189
Service exports
$4.88M
1996
188/189
Imports of goods and services, % of GDP
28.4%
2025
138/182
Exports of goods and services, % of GDP
46.5%
2025
59/193

Equatorial Guinea top 10 trading partners

Equatorial Guinea's biggest trading partner accounting for 20.7% of all exports and imports is China, with a trade balance between the two of +$602M: Equatorial Guinea exports $778M worth of goods and services to China and imports $176M.

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 $954M 20.7% $778M $176M Raw materials & minerals Textiles & consumer goods
2 Spain $766M 16.6% $601M $165M Raw materials & minerals Processed food, beverages & tobacco
3 South Korea $339M 7.34% $330M $9.23M Raw materials & minerals Metals
4 Netherlands $286M 6.2% $241M $44.8M Raw materials & minerals Processed food, beverages & tobacco
5 Italy $254M 5.49% $214M $39.5M Raw materials & minerals Machinery & equipment
6 United States $189M 4.09% $105M $84.2M Raw materials & minerals Machinery & equipment
7 Germany $183M 3.96% $149M $34M Chemicals & pharma Machinery & equipment
8 Nigeria $144M 3.12% $90.8M $53.3M Raw materials & minerals Machinery & equipment
9 Thailand $129M 2.79% $117M $11.6M Raw materials & minerals Raw agricultural goods
10 Indonesia $128M 2.77% $105M $22.4M Raw materials & minerals Processed food, beverages & tobacco

Top 10 exports

Equatorial Guinea Rank
Raw materials & minerals $2.94B 87/193
Chemicals & pharma $149M 104/193
Business & finance services $52.8M 143/189
Wood & paper products $43.2M 116/192
Transport & tourism services $38.7M 178/191
Manufacturing & construction services $28.5M 107/166
Metals $11.5M 151/192
Government & miscellaneous services $9.46M 151/187
Machinery & equipment $6.87M 172/193
Processed food, beverages & tobacco $4.94M 168/192

Top 10 imports

Equatorial Guinea Rank
Business & finance services $306M 135/189
Transport & tourism services $302M 160/191
Machinery & equipment $260M 168/193
Processed food, beverages & tobacco $177M 163/193
Manufacturing & construction services $155M 82/170
Animal & marine products $112M 135/193
Chemicals & pharma $85M 170/193
Textiles & consumer goods $83M 167/193
Metals $60M 167/193
Raw agricultural goods $37.1M 175/193

Economic freedom indices

Equatorial Guinea Rank
Economic freedom 47.4 175/197
Property rights 16.9 166/182
Government integrity 6.9 178/182
Judicial effectiveness 7.2 171/182
Tax burden 81 77/182
Government spending 90.8 22/180
Fiscal health 97.3 15/181
Business freedom 35.9 163/182
Labor freedom 45.2 158/182
Monetary freedom 73.5 93/180
Trade freedom 43.6 176/181
Investment freedom 40 132/181
Financial freedom 30 137/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 47.4 7.2 81 90.8 97.3
2025 47.7 7.1 74.9 92.5 97.2
2024 47.7 8.3 75.1 92.9 97.6
2023 48.3 8.9 74.5 93.2 96.3
2022 47.2 6.9 75.1 91 94.8
2021 49.2 15.4 75.2 90 96.1
2020 48.3 19.5 75.1 86.4 77.2
2019 41 18.1 71.3 67.6 16.4
2018 42 17.6 69.6 61 19.1
2017 45 13.1 75.4 53.6 46.4
2016 43.7 - 75.4 45.6 -
2015 40.4 - 75.4 31.4 -
2014 44.4 - 75.5 62.6 -
2013 42.3 - 75.4 39.3 -
2012 42.8 - 75.5 28 -
2011 47.5 - 75.5 80.5 -
2010 48.6 - 75.5 83.9 -
2009 51.3 - 75.5 86.3 -
2008 51.6 - 75.4 82 -
2007 53.2 - 75.4 84.1 -
2006 51.5 - 75.4 96.7 -
2005 53.3 - 92.7 93.3 -
2004 53.3 - 89.7 99.3 -
2003 53.1 - 89.7 96.7 -
2002 46.4 - 89.6 92.3 -
2001 47.9 - 89.5 90.3 -
2000 45.6 - 89.4 81.3 -
1999 45.1 - 89.3 81.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-07-08).

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

Equatorial Guinea is ranked 157/174 for economic freedom with a score of 47.4, compared to 134/162 and a score of 51.5 in 2006.

Other economic metrics

Equatorial Guinea Rank
Services, % of GDP
55.5%
2025
108/191
Industry, % of GDP
41.4%
2025
12/194
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
128/193
GNI, Atlas method
$11.4B
2025
152/194
GNI per capita, PPP
$14,610
2025
113/191
Total reserves including gold
$1.08B
2024
141/177
Net foreign direct investment
-$376M
1996
94/189
Net inflows of foreign direct investment
$188M
2024
137/193
Net outflows of foreign direct investment
$154M
2024
77/193
Poverty at national poverty lines
50.7%
2022
20/176
Gross capital formation, % of GDP
-3.68%
2025
179/179

Compare Equatorial Guinea vs other countries

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/equatorial-guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, 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 (1985–1989, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2014, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, 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.

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.