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Economy of Equatorial Guinea vs Guatemala compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $113B for Guatemala, ranking 148/197 and 68/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Equatorial Guinea vs Guatemala GDP by year

Equatorial Guinea
Guatemala
1x
Year GDP, current $
Equatorial Guinea Guatemala
2024 $12,765,777,677 $113,199,581,158
2023 $12,337,550,584 $104,368,755,055
2022 $13,687,643,436 $95,641,446,501
2021 $12,215,878,033 $86,455,522,273
2020 $9,893,816,008 $77,719,468,248
2019 $11,364,133,550 $77,172,331,693
2018 $13,097,012,134 $73,328,356,008
2017 $12,200,913,879 $71,653,780,740
2016 $11,240,808,848 $66,053,408,206
2015 $13,185,496,881 $62,186,066,548
2014 $21,765,453,082 $57,852,159,008
2013 $21,948,834,284 $52,996,420,177
2012 $22,388,344,144 $49,593,929,487
2011 $21,357,343,669 $46,876,006,272
2010 $16,314,443,436 $40,676,578,423
2009 $15,027,795,173 $37,126,148,265
2008 $19,749,893,536 $38,503,720,224
2007 $13,071,718,759 $33,567,850,824
2006 $10,086,528,699 $29,744,246,827
2005 $8,217,369,093 $26,783,389,294
2004 $4,410,764,339 $23,577,298,095
2003 $2,484,745,935 $21,576,351,799
2002 $1,806,742,742 $20,444,205,991
2001 $1,461,139,022 $18,405,220,247
2000 $1,045,998,496 $19,288,929,030
1999 $621,117,886 $18,318,412,251
1998 $370,687,634 $19,395,491,993
1997 $442,337,871 $17,790,026,222
1996 $232,463,023 $15,674,835,615
1995 $141,853,361 $14,655,404,433
1994 $100,807,003 $12,983,233,311
1993 $136,047,906 $11,400,017,301
1992 $134,707,184 $10,440,781,588
1991 $110,906,029 $9,406,135,143
1990 $112,119,411 $7,650,196,845
1989 $88,265,975 $8,410,724,361
1988 $100,534,657 $7,841,602,824
1987 $93,345,860 $7,084,399,840
1986 $76,407,396 $7,231,963,516
1985 $62,118,570 $9,721,652,087
1984 $50,320,914 $9,470,000,100
1983 $44,442,457 $9,050,000,400
1982 $44,294,648 $8,716,999,700
1981 $36,731,423 $8,607,500,300
1980 $50,642,881 $7,878,700,000
1979 - $6,902,600,200
1978 - $6,070,600,200
1977 $103,987,520 $5,480,500,200
1976 $103,653,050 $4,365,300,200
1975 $104,295,643 $3,645,900,000
1974 $94,159,863 $3,161,499,900
1973 $81,203,227 $2,569,200,100
1972 $65,429,198 $2,101,300,000
1971 $64,946,955 $1,984,800,000
1970 $66,331,429 $1,904,000,000
1969 $67,225,714 $1,715,399,900
1968 $67,514,286 $1,610,500,000
1967 $72,317,447 $1,453,500,000
1966 $69,110,000 $1,390,700,000
1965 $64,748,333 $1,331,399,900
1964 $51,915,000 $1,299,099,900
1963 $44,266,667 $1,262,800,000
1962 $37,253,333 $1,143,600,000
1961 - $1,076,699,900
1960 - $1,043,599,900

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

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

GDP per capita in Equatorial Guinea vs Guatemala by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $6,150 $14,369
2023 $6,678 $17,412 $5,758 $13,745
2022 $7,589 $18,140 $5,359 $13,014
2021 $6,946 $16,821 $4,913 $11,825
2020 $5,764 $13,677 $4,478 $10,947
2019 $6,804 $16,451 $4,512 $10,756
2018 $8,102 $18,413 $4,353 $9,947
2017 $7,809 $18,435 $4,325 $9,560
2016 $7,453 $16,649 $4,060 $9,201
2015 $9,069 $19,479 $3,894 $8,934
2014 $15,549 $27,177 $3,689 $8,237
2013 $16,304 $27,910 $3,444 $7,700
2012 $17,309 $30,012 $3,287 $7,258
2011 $17,198 $27,242 $3,169 $6,784
2010 $13,720 $26,168 $2,805 $6,510
2009 $13,233 $29,722 $2,612 $6,377
2008 $18,211 $30,523 $2,763 $6,435
2007 $12,617 $26,611 $2,459 $6,238
2006 $10,185 $23,511 $2,225 $5,833
2005 $8,674 $22,137 $2,046 $5,486
2004 $4,901 $19,354 $1,841 $5,263
2003 $2,931 $14,496 $1,723 $5,081
2002 $2,264 $13,255 $1,669 $4,969
2001 $1,949 $11,627 $1,538 $4,822
2000 $1,487 $7,420 $1,649 $4,715
1999 $931 $6,470 $1,604 $4,557
1998 $578 $5,280 $1,741 $4,437
1997 $717 $4,387 $1,638 $4,287
1996 $392 $1,793 $1,481 $4,143
1995 $248.3 $1,098 $1,421 $4,055
1994 $183.2 $951 $1,293 $3,886
1993 $256.7 $828 $1,166 $3,756
1992 $263.7 $756 $1,096 $3,626
1991 $225.3 $569 $1,014 $3,473
1990 $236.4 $577 $848 $3,330
1989 $193.2 - $958 -
1988 $228.7 - $919 -
1987 $220.9 - $854 -
1986 $188.8 - $896 -
1985 $161.1 - $1,238 -
1984 $137.9 - $1,241 -
1983 $129.4 - $1,220 -
1982 $137.5 - $1,204 -
1981 $121.1 - $1,216 -
1980 $175.5 - $1,142 -
1979 - - $1,026 -
1978 - - $925 -
1977 $376 - $856 -
1976 $369 - $697 -
1975 $362 - $595 -
1974 $319 - $529 -
1973 $268.6 - $441 -
1972 $211.4 - $370 -
1971 $205.6 - $358 -
1970 $206.8 - $353 -
1969 $208.4 - $326 -
1968 $211.7 - $315 -
1967 $231.9 - $291.9 -
1966 $226.7 - $287.3 -
1965 $217.1 - $283 -
1964 $177.8 - $284.2 -
1963 $154.8 - $284.4 -
1962 $132.9 - $265.2 -
1961 - - $257.2 -
1960 - - $256.8 -

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

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Guatemala ranks 116th at $14,369.

Economic indicators

Equatorial Guinea Guatemala
Gross domestic product
$12.8B
2024
$113B
2024
GDP rank
148/197
2024
68/197
2024
GDP growth
0.91%
2023-2024
3.65%
2023-2024
GDP per capita
$6,745
2024
$6,150
2024
GDP per capita rank
106/197
2024
112/197
2024
GDP per capita, PPP
$17,567
2024
$14,369
2024
GDP per capita PPP rank
106/197
2024
116/197
2024
Government debt
$4.65B
2024
$29.8B
2024
Debt-to-GDP ratio
36.4%
2024
26.3%
2024
Government debt per person
$2,458
2024
$1,619
2024
Government debt per person rank
110/185
2024
124/185
2024
Average annual personal income after taxes
$5,042
2026
$4,917
2026
Income share by richest 10%
29.1%
2022
34.1%
2023
Income share by poorest 10%
2.6%
2022
1.6%
2023
Government expenditure, % of GDP
18.5%
2024
13.4%
2024
Consumer prices inflation
3.4%
2023-2024
2.87%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
8.6%
2014
1.9%
2024
Population
1998075
19049936

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Guatemala
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 13.4% 26.3%
2023 19.2% 39.1% 13.7% 27.2%
2022 14.8% 29.8% 14.3% 29%
2021 12.7% 42.3% 13.5% 30.6%
2020 16.2% 49.4% 15.6% 31.5%
2019 16.8% 43.2% 13.4% 26.4%
2018 19.1% 40.6% 13.2% 26.4%
2017 20.1% 36.2% 12.8% 25.1%
2016 27.8% 41.1% 12.6% 24.9%
2015 41.6% 31.7% 12.6% 24.8%
2014 31.6% 12.6% 13.6% 24.7%
2013 29.3% 6.27% 14% 25%
2012 35.2% 7.1% 14.2% 24.6%
2011 27.5% 7.17% 14.5% 23.8%
2010 31.2% 7.89% 14.5% 24%
2009 39.8% 4.34% 14.1% 22.8%
2008 19.9% 0.49% 13.3% 19.6%
2007 19.7% 0.75% 13.9% 20.8%
2006 18.1% 1.22% 14.2% 20.9%
2005 14.1% 2.85% 13.2% 20%
2004 15.5% 4.54% 12.9% 20.6%
2003 11.8% 6.77% 14.4% 19.8%
2002 11.3% 19.4% 13.1% 17.4%
2001 13.5% 25.5% 13.8% 19.1%
2000 22.6% 36.6% 13.6% 18%
1999 18.7% 60.5% 14.6% 22%
1998 35.1% 59.2% 13.2% 19%
1997 14.8% 46.3% 11.2% 18.5%
1996 22.9% 91.2% 9.85% 19.2%
1995 141.5% 136.9% 9.77% 21%
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/guatemala | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 26.3% in Guatemala, ranking 143/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Guatemala
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Guatemala
2024 -0.55% -0.96%
2023 2.39% -1.25%
2022 11.7% -1.7%
2021 2.65% -1.16%
2020 -1.77% -4.91%
2019 1.82% -2.24%
2018 0.52% -1.88%
2017 -2.59% -1.38%
2016 -10.9% -1.11%
2015 -15.1% -1.47%
2014 -7.54% -1.92%
2013 -4.4% -2.16%
2012 -7.24% -2.42%
2011 0.83% -2.8%
2010 -4.53% -3.28%
2009 -6.47% -3.12%
2008 14.6% -1.57%
2007 17.2% -1.4%
2006 21.8% -1.88%
2005 18.5% -1.67%
2004 9.22% -1.05%
2003 9.99% -2.47%
2002 17.6% -1.03%
2001 14.9% -2%
2000 -2.67% -1.88%
1999 -0.19% -2.96%
1998 -7.65% -2.29%
1997 3.21% -0.79%
1996 -6.36% 0.04%
1995 -123.4% -0.53%
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/guatemala | 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 Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 30 years, Equatorial Guinea recorded a fiscal deficit in 15 of those years, while Guatemala ran a deficit in 29 years. On average, Equatorial Guinea posted an annual deficit equal to 1.82% of GDP, compared to deficit of 1.84% of GDP for Guatemala.

Inflation comparison by year

Inflation
Equatorial Guinea

Guatemala
1x
Year Consumer prices inflation
Equatorial Guinea Guatemala
2024 3.4% 2.87%
2023 2.4% 6.21%
2022 4.9% 6.89%
2021 -0.1% 4.26%
2020 4.8% 3.21%
2019 1.2% 3.7%
2018 1.3% 3.75%
2017 0.7% 4.42%
2016 1.4% 4.45%
2015 1.7% 2.39%
2014 4.3% 3.42%
2013 3.2% 4.34%
2012 3.4% 3.78%
2011 4.8% 6.21%
2010 5.3% 3.86%
2009 5.7% 1.86%
2008 4.7% 11.4%
2007 2.8% 6.82%
2006 4.5% 6.56%
2005 5.6% 9.11%
2004 4.2% 7.58%
2003 7.3% 5.6%
2002 7.6% 8.13%
2001 8.7% 7.29%
2000 4.8% 5.98%
1999 0.4% 5.21%
1998 7.9% 6.61%
1997 3% 9.23%

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/guatemala | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 5.54% in Guatemala. In 2024, inflation was 3.4% in Equatorial Guinea and 2.87% in Guatemala.

Top exports between countries

Equatorial Guinea
Export category Export value
Guatemala
Export category Export value
Processed food, beverages & tobacco $62K

Balance of trade

Equatorial Guinea Guatemala
Current account balance
-$344M
1996
$3.27B
2024
Current account balance ranking
101/190
1996
38/190
2024
Current account balance, % of GDP
-148%
1996
+2.89%
2024
Goods imports
$292M
1996
$29.1B
2024
Goods exports
$175M
1996
$13.3B
2024
Service imports
$185M
1996
$6.45B
2024
Service exports
$4.88M
1996
$4.65B
2024
Imports of goods and services, % of GDP
25.4%
2024
31.5%
2024
Exports of goods and services, % of GDP
35.2%
2024
15.9%
2024

Economic freedom indices

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

Equatorial Guinea Guatemala
Economic freedom 47.4 63.5
Economic freedom ranking 175/197 79/197
Property rights 16.9 39.1
Government integrity 6.9 25.2
Judicial effectiveness 7.2 26.1
Tax burden 81 91.3
Government spending 90.8 94.3
Fiscal health 97.3 95.9
Business freedom 35.9 65.7
Labor freedom 45.2 52.5
Monetary freedom 73.5 77.3
Trade freedom 43.6 74.6
Investment freedom 40 70
Financial freedom 30 50

Economic freedom comparison by year

Equatorial Guinea
Guatemala
1x
Year Economic freedom index
Equatorial Guinea Guatemala
2026 47.4 63.5
2025 47.7 63.4
2024 47.7 62.4
2023 48.3 62.7
2022 47.2 63.2
2021 49.2 64
2020 48.3 64
2019 41 62.6
2018 42 63.4
2017 45 63
2016 43.7 61.8
2015 40.4 60.4
2014 44.4 61.2
2013 42.3 60
2012 42.8 60.9
2011 47.5 61.9
2010 48.6 61
2009 51.3 59.4
2008 51.6 59.8
2007 53.2 60.5
2006 51.5 59.1
2005 53.3 59.5
2004 53.3 59.6
2003 53.1 62.3
2002 46.4 62.3
2001 47.9 65.1
2000 45.6 64.3
1999 45.1 66.2
1998 - 65.8
1997 - 65.7
1996 - 63.7
1995 - 62

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 63.5 for Guatemala, ranking 79/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Guatemala
Services, % of GDP
51.1%
2024
61.8%
2024
Industry, % of GDP
45.8%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
9.78%
2024
GNI, Atlas method
$8.96B
2024
$106B
2024
GNI per capita, PPP
$12,330
2024
$14,170
2024
Total reserves including gold
$1.54B
2023
$24.4B
2024
Total reserves ranking
134/177
2023
57/177
2024
Net foreign direct investment
-$376M
1996
-$983M
2024
Net inflows of foreign direct investment
$188M
2024
$1.85B
2024
Net outflows of foreign direct investment
$154M
2024
$865M
2024
Servicing debt to the IMF, % of GNI n/a
1.75%
2024
Poverty at national poverty lines
50.7%
2022
56%
2023
Gross capital formation, % of GDP
8.96%
2024
16.7%
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/guatemala | 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 (1985–1999, 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)
  9. TradeMap (2020, retrieved 2026-02-08)

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.

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.