Skip to content

Economy of Equatorial Guinea vs Georgia compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $34.2B for Georgia, ranking 148/197 and 107/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $12.3B (36.1% of GDP) in Georgia.

Equatorial Guinea vs Georgia GDP by year

Equatorial Guinea
Georgia
1x
Year GDP, current $
Equatorial Guinea Georgia
2024 $12,765,777,677 $34,189,423,545
2023 $12,337,550,584 $30,777,833,601
2022 $13,687,643,436 $24,984,568,960
2021 $12,215,878,033 $18,853,115,589
2020 $9,893,816,008 $16,010,869,216
2019 $11,364,133,550 $17,638,337,117
2018 $13,097,012,134 $17,902,544,881
2017 $12,200,913,879 $16,473,125,375
2016 $11,240,808,848 $15,444,548,902
2015 $13,185,496,881 $15,223,796,149
2014 $21,765,453,082 $17,966,015,109
2013 $21,948,834,284 $17,517,660,144
2012 $22,388,344,144 $16,894,392,033
2011 $21,357,343,669 $15,475,290,469
2010 $16,314,443,436 $12,426,907,967
2009 $15,027,795,173 $10,766,920,066
2008 $19,749,893,536 $12,795,145,131
2007 $13,071,718,759 $10,172,931,089
2006 $10,086,528,699 $7,745,250,734
2005 $8,217,369,093 $6,410,912,050
2004 $4,410,764,339 $5,125,365,192
2003 $2,484,745,935 $3,991,377,904
2002 $1,806,742,742 $3,395,766,678
2001 $1,461,139,022 $3,219,462,262
2000 $1,045,998,496 $3,057,475,335
1999 $621,117,886 $2,800,025,883
1998 $370,687,634 $3,613,497,317
1997 $442,337,871 $3,510,520,231
1996 $232,463,023 $3,094,936,177
1995 $141,853,361 $2,693,732,612
1994 $100,807,003 $2,513,867,645
1993 $136,047,906 $2,701,181,331
1992 $134,707,184 $3,690,328,964
1991 $110,906,029 $6,324,503,311
1990 $112,119,411 $7,735,927,264
1989 $88,265,975 $8,902,632,715
1988 $100,534,657 $8,833,588,173
1987 $93,345,860 $7,321,981,334
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/equatorial-guinea/georgia | CC BY

GDP per capita in Equatorial Guinea vs Georgia by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $9,241 $28,285
2023 $6,678 $17,412 $8,284 $25,072
2022 $7,589 $18,140 $6,730 $22,461
2021 $6,946 $16,821 $5,084 $18,916
2020 $5,764 $13,677 $4,301 $16,791
2019 $6,804 $16,451 $4,741 $16,770
2018 $8,102 $18,413 $4,804 $15,022
2017 $7,809 $18,435 $4,419 $13,719
2016 $7,453 $16,649 $4,143 $13,065
2015 $9,069 $19,479 $4,087 $12,270
2014 $15,549 $27,177 $4,830 $11,771
2013 $16,304 $27,910 $4,712 $10,797
2012 $17,309 $30,012 $4,531 $10,060
2011 $17,198 $27,242 $4,120 $8,564
2010 $13,720 $26,168 $3,282 $7,712
2009 $13,233 $29,722 $2,823 $7,119
2008 $18,211 $30,523 $3,325 $7,279
2007 $12,617 $26,611 $2,635 $6,951
2006 $10,185 $23,511 $1,996 $5,980
2005 $8,674 $22,137 $1,643 $5,272
2004 $4,901 $19,354 $1,305 $4,635
2003 $2,931 $14,496 $1,010 $4,240
2002 $2,264 $13,255 $854 $3,719
2001 $1,949 $11,627 $802 $3,441
2000 $1,487 $7,420 $750 $3,161
1999 $931 $6,470 $674 $2,977
1998 $578 $5,280 $852 $2,795
1997 $717 $4,387 $807 $2,616
1996 $392 $1,793 $689 $2,253
1995 $248.3 $1,098 $578 $1,919
1994 $183.2 $951 $520 $1,764
1993 $256.7 $828 $550 $1,898
1992 $263.7 $756 $757 $2,643
1991 $225.3 $569 $1,308 $4,727
1990 $236.4 $577 $1,611 $5,836
1989 $193.2 - $1,853 -
1988 $228.7 - $1,844 -
1987 $220.9 - $1,544 -
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/equatorial-guinea/georgia | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $9,241 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Georgia ranks 74th at $28,285.

Economic indicators

Equatorial Guinea Georgia
Gross domestic product
$12.8B
2024
$34.2B
2024
GDP rank
148/197
2024
107/197
2024
GDP growth
0.91%
2023-2024
9.68%
2023-2024
GDP per capita
$6,745
2024
$9,241
2024
GDP per capita rank
106/197
2024
89/197
2024
GDP per capita, PPP
$17,567
2024
$28,285
2024
GDP per capita PPP rank
106/197
2024
74/197
2024
Government debt
$4.65B
2024
$12.3B
2024
Debt-to-GDP ratio
36.4%
2024
36.1%
2024
Government debt per person
$2,458
2024
$3,336
2024
Government debt per person rank
110/185
2024
96/185
2024
Average annual personal income after taxes
$5,042
2026
$6,891
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
29.1%
2022
26.2%
2024
Income share by poorest 10%
2.6%
2022
2.9%
2024
Government expenditure, % of GDP
18.5%
2024
30.3%
2024
Consumer prices inflation
3.4%
2023-2024
1.11%
2023-2024
Central bank interest rate n/a
8%
2024
Unemployment rate
8.6%
2014
8.01%
2024
Population
1998075
3697615

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Georgia
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Georgia
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 30.3% 36.1%
2023 19.2% 39.1% 29.7% 38.9%
2022 14.8% 29.8% 28.5% 39.2%
2021 12.7% 42.3% 31.2% 49.1%
2020 16.2% 49.4% 34.1% 59.6%
2019 16.8% 43.2% 28.7% 40%
2018 19.1% 40.6% 26.7% 38.2%
2017 20.1% 36.2% 27.2% 38.9%
2016 27.8% 41.1% 27.8% 39.5%
2015 41.6% 31.7% 27% 36%
2014 31.6% 12.6% 27.5% 30.3%
2013 29.3% 6.27% 26.6% 28.9%
2012 35.2% 7.1% 27.7% 28.1%
2011 27.5% 7.17% 27.1% 27.7%
2010 31.2% 7.89% 31% 31.4%
2009 39.8% 4.34% 34.8% 33.6%
2008 19.9% 0.49% 31.8% 26.3%
2007 19.7% 0.75% 27.7% 22.5%
2006 18.1% 1.22% 22.7% 28.3%
2005 14.1% 2.85% 21.6% 35.3%
2004 15.5% 4.54% 18.9% 44.3%
2003 11.8% 6.77% 16.1% 54.6%
2002 11.3% 19.4% 16% 50.3%
2001 13.5% 25.5% 16.8% 53%
2000 22.6% 36.6% 16.9% 58.5%
1999 18.7% 60.5% 19.8% 76.5%
1998 35.1% 59.2% 18.9% 80%
1997 14.8% 46.3% 21.9% 48.2%
1996 22.9% 91.2% 18.4% 38.9%
1995 141.5% 136.9% 15.6% 19.8%
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 (1985–1999, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Georgia spent $10.3B, or 30.3% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 36.1% in Georgia, ranking 143/185 and 144/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Georgia
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Georgia
2024 -0.55% -2.3%
2023 2.39% -2.33%
2022 11.7% -2.2%
2021 2.65% -5.97%
2020 -1.77% -9.16%
2019 1.82% -1.82%
2018 0.52% -0.8%
2017 -2.59% -0.45%
2016 -10.9% -1.49%
2015 -15.1% -1.16%
2014 -7.54% -1.78%
2013 -4.4% -1.25%
2012 -7.24% -0.71%
2011 0.83% -0.81%
2010 -4.53% -4.48%
2009 -6.47% -6.36%
2008 14.6% -1.92%
2007 17.2% 0.81%
2006 21.8% 3.28%
2005 18.5% 2.14%
2004 9.22% 3.59%
2003 9.99% -0.55%
2002 17.6% -0.19%
2001 14.9% -0.71%
2000 -2.67% -1.92%
1999 -0.19% -4.72%
1998 -7.65% -4%
1997 3.21% -6.79%
1996 -6.36% -5.91%
1995 -123.4% -4.89%
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/equatorial-guinea/georgia | 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 Georgia's deficit of $785M, or 2.3% of GDP.

Over the past 30 years, Equatorial Guinea recorded a fiscal deficit in 15 of those years, while Georgia ran a deficit in 26 years. On average, Equatorial Guinea posted an annual deficit equal to 1.82% of GDP, compared to deficit of 2.16% of GDP for Georgia.

Inflation comparison by year

Inflation
Equatorial Guinea

Georgia
1x
Year Consumer prices inflation
Equatorial Guinea Georgia
2024 3.4% 1.11%
2023 2.4% 2.49%
2022 4.9% 11.9%
2021 -0.1% 9.57%
2020 4.8% 5.2%
2019 1.2% 4.85%
2018 1.3% 2.62%
2017 0.7% 6.04%
2016 1.4% 2.13%
2015 1.7% 4%
2014 4.3% 3.07%
2013 3.2% -0.51%
2012 3.4% -0.94%
2011 4.8% 8.54%
2010 5.3% 7.11%
2009 5.7% 1.73%
2008 4.7% 10%
2007 2.8% 9.24%
2006 4.5% 9.16%
2005 5.6% 8.25%
2004 4.2% 5.66%
2003 7.3% 0.84%
2002 7.6% 5.59%
2001 8.7% 4.65%
2000 4.8% 4.06%
1999 0.4% 19.2%
1998 7.9% 3.57%
1997 3% 7.09%

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/georgia | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 5.58% in Georgia. In 2024, inflation was 3.4% in Equatorial Guinea and 1.11% in Georgia.

Balance of trade

Equatorial Guinea Georgia
Current account balance
-$344M
1996
-$1.79B
2024
Current account balance ranking
101/190
1996
139/190
2024
Current account balance, % of GDP
-148%
1996
-5.22%
2024
Goods imports
$292M
1996
$15.2B
2024
Goods exports
$175M
1996
$8.63B
2024
Service imports
$185M
1996
$3.81B
2024
Service exports
$4.88M
1996
$7.71B
2024
Imports of goods and services, % of GDP
25.4%
2024
55.6%
2024
Exports of goods and services, % of GDP
35.2%
2024
47.8%
2024

Economic freedom indices

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

Equatorial Guinea Georgia
Economic freedom 47.4 69.6
Economic freedom ranking 175/197 41/197
Property rights 16.9 53
Government integrity 6.9 59.9
Judicial effectiveness 7.2 53.8
Tax burden 81 87.8
Government spending 90.8 73.9
Fiscal health 97.3 89.1
Business freedom 35.9 76.6
Labor freedom 45.2 64
Monetary freedom 73.5 70.2
Trade freedom 43.6 86.8
Investment freedom 40 60
Financial freedom 30 60

Economic freedom comparison by year

Equatorial Guinea
Georgia
1x
Year Economic freedom index
Equatorial Guinea Georgia
2026 47.4 69.6
2025 47.7 69
2024 47.7 68.4
2023 48.3 68.7
2022 47.2 71.8
2021 49.2 77.2
2020 48.3 77.1
2019 41 75.9
2018 42 76.2
2017 45 76
2016 43.7 72.6
2015 40.4 73
2014 44.4 72.6
2013 42.3 72.2
2012 42.8 69.4
2011 47.5 70.4
2010 48.6 70.4
2009 51.3 69.8
2008 51.6 69.2
2007 53.2 69.3
2006 51.5 64.5
2005 53.3 57.1
2004 53.3 58.9
2003 53.1 58.6
2002 46.4 56.7
2001 47.9 58.3
2000 45.6 54.3
1999 45.1 52.5
1998 - 47.9
1997 - 46.5
1996 - 44.1

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 69.6 for Georgia, ranking 41/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Georgia
Services, % of GDP
51.1%
2024
62%
2024
Industry, % of GDP
45.8%
2024
19.6%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
5.49%
2024
GNI, Atlas method
$8.96B
2024
$30B
2024
GNI per capita, PPP
$12,330
2024
$26,200
2024
Total reserves including gold
$1.54B
2023
$4.45B
2024
Total reserves ranking
134/177
2023
104/177
2024
Net foreign direct investment
-$376M
1996
-$1.14B
2024
Net inflows of foreign direct investment
$188M
2024
$1.6B
2024
Net outflows of foreign direct investment
$154M
2024
$462M
2024
Servicing debt to the IMF, % of GNI n/a
15.2%
2024
Poverty at national poverty lines
50.7%
2022
9.4%
2024
Gross capital formation, % of GDP
8.96%
2024
24.5%
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/georgia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1996–2026, 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 (1985–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.