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Economy of Equatorial Guinea vs Gabon compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $20.9B for Gabon, ranking 148/197 and 127/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $15.2B (72.7% of GDP) in Gabon.

Equatorial Guinea vs Gabon GDP by year

Equatorial Guinea
Gabon
1x
Year GDP, current $
Equatorial Guinea Gabon
2024 $12,765,777,677 $20,895,684,426
2023 $12,337,550,584 $19,388,372,071
2022 $13,687,643,436 $20,440,655,695
2021 $12,215,878,033 $19,444,935,097
2020 $9,893,816,008 $15,342,236,164
2019 $11,364,133,550 $16,874,405,465
2018 $13,097,012,134 $16,867,326,402
2017 $12,200,913,879 $14,929,487,485
2016 $11,240,808,848 $14,023,890,265
2015 $13,185,496,881 $14,383,107,763
2014 $21,765,453,082 $18,203,966,896
2013 $21,948,834,284 $17,595,744,798
2012 $22,388,344,144 $17,170,464,016
2011 $21,357,343,669 $18,210,307,744
2010 $16,314,443,436 $14,372,593,020
2009 $15,027,795,173 $12,113,699,068
2008 $19,749,893,536 $15,571,348,344
2007 $13,071,718,759 $12,455,409,587
2006 $10,086,528,699 $10,327,598,306
2005 $8,217,369,093 $9,582,783,991
2004 $4,410,764,339 $7,770,219,008
2003 $2,484,745,935 $6,511,903,365
2002 $1,806,742,742 $5,335,451,100
2001 $1,461,139,022 $5,023,265,413
2000 $1,045,998,496 $5,080,483,629
1999 $621,117,886 $4,662,992,036
1998 $370,687,634 $4,483,417,310
1997 $442,337,871 $5,326,817,115
1996 $232,463,023 $5,694,040,003
1995 $141,853,361 $4,958,845,648
1994 $100,807,003 $4,190,819,344
1993 $136,047,906 $4,378,645,081
1992 $134,707,184 $5,592,390,827
1991 $110,906,029 $5,402,919,785
1990 $112,119,411 $5,952,293,765
1989 $88,265,975 $4,186,411,464
1988 $100,534,657 $3,834,503,376
1987 $93,345,860 $3,281,797,043
1986 $76,407,396 $3,403,638,189
1985 $62,118,570 $3,339,914,757
1984 $50,320,914 $3,561,451,561
1983 $44,442,457 $3,391,275,732
1982 $44,294,648 $3,618,007,841
1981 $36,731,423 $3,862,269,121
1980 $50,642,881 $4,279,637,942
1979 - $3,030,251,120
1978 - $2,389,479,272
1977 $103,987,520 $2,809,349,069
1976 $103,653,050 $3,009,409,974
1975 $104,295,643 $2,157,592,940
1974 $94,159,863 $1,544,216,002
1973 $81,203,227 $722,780,701
1972 $65,429,198 $430,508,359
1971 $64,946,955 $381,687,073
1970 $66,331,429 $323,802,476
1969 $67,225,714 $318,124,701
1968 $67,514,286 $294,468,564
1967 $72,317,447 $271,543,680
1966 $69,110,000 $245,849,781
1965 $64,748,333 $226,474,286
1964 $51,915,000 $215,679,855
1963 $44,266,667 $154,480,244
1962 $37,253,333 $182,796,536
1961 - $167,637,907
1960 - $141,468,978

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

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

GDP per capita in Equatorial Guinea vs Gabon by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Gabon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Gabon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $8,230 $21,510
2023 $6,678 $17,412 $7,803 $20,756
2022 $7,589 $18,140 $8,409 $19,993
2021 $6,946 $16,821 $8,181 $18,524
2020 $5,764 $13,677 $6,606 $14,477
2019 $6,804 $16,451 $7,441 $15,950
2018 $8,102 $18,413 $7,624 $15,432
2017 $7,809 $18,435 $6,922 $14,797
2016 $7,453 $16,649 $6,677 $13,998
2015 $9,069 $19,479 $7,047 $14,306
2014 $15,549 $27,177 $9,201 $14,854
2013 $16,304 $27,910 $9,198 $14,498
2012 $17,309 $30,012 $9,297 $14,620
2011 $17,198 $27,242 $10,219 $14,784
2010 $13,720 $26,168 $8,357 $14,015
2009 $13,233 $29,722 $7,291 $13,384
2008 $18,211 $30,523 $9,689 $13,734
2007 $12,617 $26,611 $8,004 $14,391
2006 $10,185 $23,511 $6,847 $13,637
2005 $8,674 $22,137 $6,548 $14,028
2004 $4,901 $19,354 $5,466 $13,638
2003 $2,931 $14,496 $4,711 $13,564
2002 $2,264 $13,255 $3,966 $13,369
2001 $1,949 $11,627 $3,836 $13,556
2000 $1,487 $7,420 $3,983 $13,326
1999 $931 $6,470 $3,751 $13,629
1998 $578 $5,280 $3,700 $15,138
1997 $717 $4,387 $4,509 $14,837
1996 $392 $1,793 $4,943 $14,147
1995 $248.3 $1,098 $4,415 $13,750
1994 $183.2 $951 $3,828 $13,164
1993 $256.7 $828 $4,106 $12,757
1992 $263.7 $756 $5,386 $12,312
1991 $225.3 $569 $5,345 $12,760
1990 $236.4 $577 $6,051 $11,952
1989 $193.2 - $4,374 -
1988 $228.7 - $4,119 -
1987 $220.9 - $3,624 -
1986 $188.8 - $3,865 -
1985 $161.1 - $3,898 -
1984 $137.9 - $4,273 -
1983 $129.4 - $4,182 -
1982 $137.5 - $4,584 -
1981 $121.1 - $5,026 -
1980 $175.5 - $5,718 -
1979 - - $4,155 -
1978 - - $3,360 -
1977 $376 - $4,048 -
1976 $369 - $4,441 -
1975 $362 - $3,258 -
1974 $319 - $2,384 -
1973 $268.6 - $1,140 -
1972 $211.4 - $693 -
1971 $205.6 - $627 -
1970 $206.8 - $543 -
1969 $208.4 - $545 -
1968 $211.7 - $515 -
1967 $231.9 - $482 -
1966 $226.7 - $443 -
1965 $217.1 - $415 -
1964 $177.8 - $400 -
1963 $154.8 - $290.7 -
1962 $132.9 - $348 -
1961 - - $323 -
1960 - - $276.1 -

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

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $8,230 in Gabon, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Gabon ranks 90th at $21,510.

Economic indicators

Equatorial Guinea Gabon
Gross domestic product
$12.8B
2024
$20.9B
2024
GDP rank
148/197
2024
127/197
2024
GDP growth
0.91%
2023-2024
3.39%
2023-2024
GDP per capita
$6,745
2024
$8,230
2024
GDP per capita rank
106/197
2024
93/197
2024
GDP per capita, PPP
$17,567
2024
$21,510
2024
GDP per capita PPP rank
106/197
2024
90/197
2024
Government debt
$4.65B
2024
$15.2B
2024
Debt-to-GDP ratio
36.4%
2024
72.7%
2024
Government debt per person
$2,458
2024
$5,985
2024
Government debt per person rank
110/185
2024
75/185
2024
Average annual personal income after taxes
$5,042
2026
$5,368
2026
Income share by richest 10%
29.1%
2022
27.7%
2017
Income share by poorest 10%
2.6%
2022
2.2%
2017
Government expenditure, % of GDP
18.5%
2024
24.8%
2024
Consumer prices inflation
3.4%
2023-2024
1.17%
2023-2024
Unemployment rate
8.6%
2014
20.4%
2010
Population
1998075
2663339

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Gabon
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Gabon
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 24.8% 72.7%
2023 19.2% 39.1% 21.5% 70.6%
2022 14.8% 29.8% 19.7% 65.6%
2021 12.7% 42.3% 17.3% 72.9%
2020 16.2% 49.4% 19.8% 83%
2019 16.8% 43.2% 17.4% 59.8%
2018 19.1% 40.6% 17.1% 62.3%
2017 20.1% 36.2% 18.1% 62.9%
2016 27.8% 41.1% 21.8% 64.5%
2015 41.6% 31.7% 22.3% 44.7%
2014 31.6% 12.6% 23.8% 34.1%
2013 29.3% 6.27% 34.7% 31.1%
2012 35.2% 7.1% 23.9% 21.4%
2011 27.5% 7.17% 22.1% 21.4%
2010 31.2% 7.89% 23.1% 21.3%
2009 39.8% 4.34% 22.6% 26%
2008 19.9% 0.49% 18.9% 20.1%
2007 19.7% 0.75% 19.4% 39.2%
2006 18.1% 1.22% 21.1% 34.9%
2005 14.1% 2.85% 20.8% 41.7%
2004 15.5% 4.54% 20.9% 60.3%
2003 11.8% 6.77% 21.2% 70.2%
2002 11.3% 19.4% 25.7% 81.1%
2001 13.5% 25.5% 27.8% 81%
2000 22.6% 36.6% 20.3% 72.5%
1999 18.7% 60.5% 25.5% 73.1%
1998 35.1% 59.2% 45.5% 87.6%
1997 14.8% 46.3% 29.7% 57%
1996 22.9% 91.2% 22.2% 64.5%
1995 141.5% 136.9% 25.1% 73.4%
1994 510% 216% 23.9% 71.3%
1993 256.3% 152.6% 26.9% 90.1%
1992 595% 136.9% 26.5% 87.9%
1991 284.5% 169.5% 25.1% 89.3%
1990 212.9% 157% 22.6% 90%
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/equatorial-guinea/gabon | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Gabon spent $5.18B, or 24.8% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 72.7% in Gabon, ranking 143/185 and 51/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Gabon
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Gabon
2024 -0.55% -3.84%
2023 2.39% 1.79%
2022 11.7% -0.89%
2021 2.65% -1.93%
2020 -1.77% -2.19%
2019 1.82% 2.13%
2018 0.52% -0.21%
2017 -2.59% -1.7%
2016 -10.9% -4.71%
2015 -15.1% -1.12%
2014 -7.54% 5.98%
2013 -4.4% -3.07%
2012 -7.24% 6.2%
2011 0.83% 1.41%
2010 -4.53% 2.7%
2009 -6.47% 6.77%
2008 14.6% 11%
2007 17.2% 8.06%
2006 21.8% 8.67%
2005 18.5% 7.98%
2004 9.22% 6.99%
2003 9.99% 7.75%
2002 17.6% 3.72%
2001 14.9% 4.07%
2000 -2.67% 11.1%
1999 -0.19% 1.11%
1998 -7.65% -13.1%
1997 3.21% 1.41%
1996 -6.36% 2.12%
1995 -123.4% 2.64%
1994 -487% -1.53%
1993 -217.9% -5.35%
1992 -557% -4.9%
1991 -236% -2.03%
1990 -160.2% -3.83%
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/equatorial-guinea/gabon | CC BY

In 2024, Equatorial Guinea's government deficit, the difference between spending and revenue, was $70.8M, equivalent to 0.55% of GDP. This compares to Gabon's deficit of $802M, or 3.84% of GDP.

Over the past 35 years, Equatorial Guinea recorded a fiscal deficit in 20 of those years, while Gabon ran a deficit in 15 years. On average, Equatorial Guinea posted an annual deficit equal to 49% of GDP, compared to surplus of 1.52% of GDP for Gabon.

Inflation comparison by year

Inflation
Equatorial Guinea

Gabon
1x
Year Consumer prices inflation
Equatorial Guinea Gabon
2024 3.4% 1.17%
2023 2.4% 3.63%
2022 4.9% 4.23%
2021 -0.1% 1.09%
2020 4.8% 1.35%
2019 1.2% 2.46%
2018 1.3% 4.75%
2017 0.7% 2.65%
2016 1.4% 2.11%
2015 1.7% -0.34%
2014 4.3% 4.69%
2013 3.2% 0.51%
2012 3.4% 2.65%
2011 4.8% 1.26%
2010 5.3% 1.46%
2009 5.7% 1.89%
2008 4.7% 5.26%
2007 2.8% 5.03%
2006 4.5% -1.41%
2005 5.6% 3.71%
2004 4.2% 0.41%
2003 7.3% 2.24%
2002 7.6% 0.04%
2001 8.7% 2.14%
2000 4.8% 0.5%
1999 0.4% -1.94%
1998 7.9% 1.45%
1997 3% 3.97%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 2.03% in Gabon. In 2024, inflation was 3.4% in Equatorial Guinea and 1.17% in Gabon.

Top exports between countries

Equatorial Guinea
Export category Export value
Chemicals & pharma $1.46M
Textiles & consumer goods $288K
Machinery & equipment $71K
Processed food, beverages & tobacco $38K
Metals $15K
Wood & paper products $1K
Gabon
Export category Export value
Machinery & equipment $51.3M
Processed food, beverages & tobacco $1.6M
Raw materials & minerals $298K
Chemicals & pharma $287K
Textiles & consumer goods $110K
Metals $89K
Weapons & explosives $10K
Animal & marine products $2K

Balance of trade

Equatorial Guinea Gabon
Current account balance
-$344M
1996
$141M
2015
Current account balance ranking
101/190
1996
66/190
2015
Current account balance, % of GDP
-148%
1996
+0.98%
2015
Goods imports
$292M
1996
$3.17B
2015
Goods exports
$175M
1996
$5.11B
2015
Service imports
$185M
1996
$1.88B
2015
Service exports
$4.88M
1996
$277M
2015
Imports of goods and services, % of GDP
25.4%
2024
27.5%
2024
Exports of goods and services, % of GDP
35.2%
2024
64.6%
2024

Economic freedom indices

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

Equatorial Guinea Gabon
Economic freedom 47.4 56.6
Economic freedom ranking 175/197 120/197
Property rights 16.9 30
Government integrity 6.9 22.6
Judicial effectiveness 7.2 19.9
Tax burden 81 76.5
Government spending 90.8 85.5
Fiscal health 97.3 87.9
Business freedom 35.9 63.6
Labor freedom 45.2 55.4
Monetary freedom 73.5 80.9
Trade freedom 43.6 57.4
Investment freedom 40 60
Financial freedom 30 40

Economic freedom comparison by year

Equatorial Guinea
Gabon
1x
Year Economic freedom index
Equatorial Guinea Gabon
2026 47.4 56.6
2025 47.7 56.3
2024 47.7 56.9
2023 48.3 56.1
2022 47.2 55.8
2021 49.2 58.1
2020 48.3 56.7
2019 41 56.3
2018 42 58
2017 45 58.6
2016 43.7 59
2015 40.4 58.3
2014 44.4 57.8
2013 42.3 57.8
2012 42.8 56.4
2011 47.5 56.7
2010 48.6 55.4
2009 51.3 55
2008 51.6 54.2
2007 53.2 54.8
2006 51.5 56.1
2005 53.3 54.8
2004 53.3 57.1
2003 53.1 58.7
2002 46.4 58
2001 47.9 55
2000 45.6 58.2
1999 45.1 60.5
1998 - 59.2
1997 - 58.8
1996 - 55.7
1995 - 57.5

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 56.6 for Gabon, ranking 120/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Gabon
Services, % of GDP
51.1%
2024
36.8%
2024
Industry, % of GDP
45.8%
2024
52.9%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
6.56%
2024
GNI, Atlas method
$8.96B
2024
$19.8B
2024
GNI per capita, PPP
$12,330
2024
$20,400
2024
Total reserves including gold
$1.54B
2023
$1.45B
2023
Total reserves ranking
134/177
2023
136/177
2023
Net foreign direct investment
-$376M
1996
-$25.3M
2015
Net inflows of foreign direct investment
$188M
2024
$1.14B
2024
Net outflows of foreign direct investment
$154M
2024
-$33.8M
2019
Servicing debt to the IMF, % of GNI n/a
5.67%
2024
Poverty at national poverty lines
50.7%
2022
33.4%
2017
Gross capital formation, % of GDP
8.96%
2024
19.1%
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/equatorial-guinea/gabon | 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. 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 (2020–2023, 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.