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Economy of Equatorial Guinea vs Guyana compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $24.7B for Guyana, ranking 148/197 and 120/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Equatorial Guinea vs Guyana GDP by year

Equatorial Guinea
Guyana
1x
Year GDP, current $
Equatorial Guinea Guyana
2024 $12,765,777,677 $24,662,709,832
2023 $12,337,550,584 $16,918,503,597
2022 $13,687,643,436 $14,718,388,489
2021 $12,215,878,033 $8,041,362,110
2020 $9,893,816,008 $5,471,256,595
2019 $11,364,133,550 $5,173,760,192
2018 $13,097,012,134 $4,787,636,998
2017 $12,200,913,879 $4,748,174,334
2016 $11,240,808,848 $4,482,697,337
2015 $13,185,496,881 $4,279,840,194
2014 $21,765,453,082 $4,127,660,152
2013 $21,948,834,284 $4,167,800,929
2012 $22,388,344,144 $4,063,088,536
2011 $21,357,343,669 $3,691,384,318
2010 $16,314,443,436 $3,432,912,517
2009 $15,027,795,173 $3,165,663,153
2008 $19,749,893,536 $3,025,187,433
2007 $13,071,718,759 $2,730,971,595
2006 $10,086,528,699 $2,379,817,991
2005 $8,217,369,093 $824,880,550
2004 $4,410,764,339 $787,814,379
2003 $2,484,745,935 $743,063,950
2002 $1,806,742,742 $726,131,435
2001 $1,461,139,022 $712,167,450
2000 $1,045,998,496 $712,667,897
1999 $621,117,886 $694,754,988
1998 $370,687,634 $717,530,683
1997 $442,337,871 $749,138,010
1996 $232,463,023 $705,406,001
1995 $141,853,361 $621,626,786
1994 $100,807,003 $540,874,934
1993 $136,047,906 $454,101,382
1992 $134,707,184 $373,573,141
1991 $110,906,029 $348,533,095
1990 $112,119,411 $396,582,263
1989 $88,265,975 $379,779,390
1988 $100,534,657 $413,799,990
1987 $93,345,860 $354,591,847
1986 $76,407,396 $504,651,140
1985 $62,118,570 $453,488,372
1984 $50,320,914 $437,631,605
1983 $44,442,457 $489,333,333
1982 $44,294,648 $482,000,000
1981 $36,731,423 $570,357,107
1980 $50,642,881 $603,200,000
1979 - $530,440,000
1978 - $507,080,000
1977 $103,987,520 $449,880,000
1976 $103,653,050 $454,440,000
1975 $104,295,643 $494,791,667
1974 $94,159,863 $433,954,545
1973 $81,203,227 $307,047,619
1972 $65,429,198 $285,380,952
1971 $64,946,955 $282,050,000
1970 $66,331,429 $267,800,000
1969 $67,225,714 $249,300,000
1968 $67,514,286 $229,750,000
1967 $72,317,447 $250,176,471
1966 $69,110,000 $228,705,882
1965 $64,748,333 $213,235,294
1964 $51,915,000 $194,774,513
1963 $44,266,667 $175,757,894
1962 $37,253,333 $194,949,513
1961 - $185,849,535
1960 - $170,216,241

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

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

GDP per capita in Equatorial Guinea vs Guyana by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $29,675 $80,155
2023 $6,678 $17,412 $20,474 $54,729
2022 $7,589 $18,140 $17,913 $39,711
2021 $6,946 $16,821 $9,861 $22,866
2020 $5,764 $13,677 $6,776 $16,819
2019 $6,804 $16,451 $6,406 $13,241
2018 $8,102 $18,413 $6,048 $12,443
2017 $7,809 $18,435 $6,179 $12,243
2016 $7,453 $16,649 $5,871 $11,516
2015 $9,069 $19,479 $5,640 $11,408
2014 $15,549 $27,177 $5,473 $11,145
2013 $16,304 $27,910 $5,557 $11,200
2012 $17,309 $30,012 $5,444 $10,627
2011 $17,198 $27,242 $4,947 $10,066
2010 $13,720 $26,168 $4,582 $9,337
2009 $13,233 $29,722 $4,209 $8,824
2008 $18,211 $30,523 $4,009 $8,437
2007 $12,617 $26,611 $3,608 $8,110
2006 $10,185 $23,511 $3,136 $7,346
2005 $8,674 $22,137 $1,084 $6,761
2004 $4,901 $19,354 $1,033 $6,673
2003 $2,931 $14,496 $974 $6,392
2002 $2,264 $13,255 $951 $6,304
2001 $1,949 $11,627 $932 $6,131
2000 $1,487 $7,420 $932 $5,860
1999 $931 $6,470 $909 $5,812
1998 $578 $5,280 $940 $5,573
1997 $717 $4,387 $983 $5,615
1996 $392 $1,793 $928 $5,210
1995 $248.3 $1,098 $820 $4,753
1994 $183.2 $951 $716 $4,447
1993 $256.7 $828 $603 $4,027
1992 $263.7 $756 $498 $3,651
1991 $225.3 $569 $466 $3,322
1990 $236.4 $577 $529 $3,022
1989 $193.2 - $503 -
1988 $228.7 - $545 -
1987 $220.9 - $464 -
1986 $188.8 - $657 -
1985 $161.1 - $588 -
1984 $137.9 - $565 -
1983 $129.4 - $631 -
1982 $137.5 - $621 -
1981 $121.1 - $735 -
1980 $175.5 - $779 -
1979 - - $689 -
1978 - - $663 -
1977 $376 - $593 -
1976 $369 - $604 -
1975 $362 - $664 -
1974 $319 - $588 -
1973 $268.6 - $421 -
1972 $211.4 - $395 -
1971 $205.6 - $396 -
1970 $206.8 - $381 -
1969 $208.4 - $361 -
1968 $211.7 - $340 -
1967 $231.9 - $378 -
1966 $226.7 - $353 -
1965 $217.1 - $336 -
1964 $177.8 - $313 -
1963 $154.8 - $288.8 -
1962 $132.9 - $327 -
1961 - - $319 -
1960 - - $299.1 -

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

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Guyana ranks 15th at $80,155.

Economic indicators

Equatorial Guinea Guyana
Gross domestic product
$12.8B
2024
$24.7B
2024
GDP rank
148/197
2024
120/197
2024
GDP growth
0.91%
2023-2024
43.8%
2023-2024
GDP per capita
$6,745
2024
$29,675
2024
GDP per capita rank
106/197
2024
41/197
2024
GDP per capita, PPP
$17,567
2024
$80,155
2024
GDP per capita PPP rank
106/197
2024
15/197
2024
Government debt
$4.65B
2024
$5.99B
2024
Debt-to-GDP ratio
36.4%
2024
24.3%
2024
Government debt per person
$2,458
2024
$7,213
2024
Government debt per person rank
110/185
2024
66/185
2024
Average annual personal income after taxes
$5,042
2026
$13,212
2026
Income share by richest 10%
29.1%
2022
34.4%
1998
Income share by poorest 10%
2.6%
2022
1.1%
1998
Government expenditure, % of GDP
18.5%
2024
23.2%
2024
Consumer prices inflation
3.4%
2023-2024
2.5%
2023-2024
Unemployment rate
8.6%
2014
13.2%
2019
Population
1998075
842249

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Guyana
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 23.2% 24.3%
2023 19.2% 39.1% 23.7% 26.7%
2022 14.8% 29.8% 20.3% 24.8%
2021 12.7% 42.3% 24.8% 45.7%
2020 16.2% 49.4% 30.5% 59.5%
2019 16.8% 43.2% 28.1% 54%
2018 19.1% 40.6% 27.6% 47.9%
2017 20.1% 36.2% 26.3% 46.1%
2016 27.8% 41.1% 25.2% 44%
2015 41.6% 31.7% 21.7% 42.2%
2014 31.6% 12.6% 23.1% 38.7%
2013 29.3% 6.27% 21.4% 41.4%
2012 35.2% 7.1% 21.8% 44.7%
2011 27.5% 7.17% 23.5% 51.7%
2010 31.2% 7.89% 23.9% 53.1%
2009 39.8% 4.34% 25.4% 52.3%
2008 19.9% 0.49% 24.1% 48.2%
2007 19.7% 0.75% 25.5% 47.7%
2006 18.1% 1.22% 29% 74.5%
2005 14.1% 2.85% 28.4% 90.7%
2004 15.5% 4.54% 23.7% 91.8%
2003 11.8% 6.77% 23.5% 95.6%
2002 11.3% 19.4% 23.1% 105.1%
2001 13.5% 25.5% 24% 104.6%
2000 22.6% 36.6% 22.9% 97.2%
1999 18.7% 60.5% 17.6% 97.1%
1998 35.1% 59.2% 19.7% 108%
1997 14.8% 46.3% 20.9% 101.3%
1996 22.9% 91.2% - -
1995 141.5% 136.9% - -
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 (1985–1989, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 24.3% in Guyana, ranking 143/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Guyana
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Guyana
2024 -0.55% -7.31%
2023 2.39% -5.78%
2022 11.7% -5.11%
2021 2.65% -6.94%
2020 -1.77% -7.78%
2019 1.82% -2.52%
2018 0.52% -2.52%
2017 -2.59% -3.14%
2016 -10.9% -3.21%
2015 -15.1% -0.75%
2014 -7.54% -3.88%
2013 -4.4% -2.16%
2012 -7.24% -3.11%
2011 0.83% -2.13%
2010 -4.53% -1.88%
2009 -6.47% -2.5%
2008 14.6% -2.78%
2007 17.2% -3.35%
2006 21.8% -6.16%
2005 18.5% -6.54%
2004 9.22% -2.88%
2003 9.99% -4.81%
2002 17.6% -2.42%
2001 14.9% -3.71%
2000 -2.67% -2.27%
1999 -0.19% -0.47%
1998 -7.65% -2.67%
1997 3.21% -1.7%
1996 -6.36% -
1995 -123.4% -
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/guyana | 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 Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Equatorial Guinea recorded a fiscal deficit in 13 of those years, while Guyana ran a deficit in 28 years. On average, Equatorial Guinea posted an annual surplus equal to 2.69% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Equatorial Guinea

Guyana
1x
Year Consumer prices inflation
Equatorial Guinea Guyana
2024 3.4% 2.5%
2023 2.4% 4.5%
2022 4.9% 6.5%
2021 -0.1% 3.3%
2020 4.8% 1.2%
2019 1.2% 2.1%
2018 1.3% 1.3%
2017 0.7% 1.9%
2016 1.4% 0.8%
2015 1.7% -0.9%
2014 4.3% 0.7%
2013 3.2% 1.9%
2012 3.4% 2.4%
2011 4.8% 4.4%
2010 5.3% 4.3%
2009 5.7% 3%
2008 4.7% 8.1%
2007 2.8% 12.2%
2006 4.5% 6.7%
2005 5.6% 6.9%
2004 4.2% 4.7%
2003 7.3% 6%
2002 7.6% 5.4%
2001 8.7% 2.6%
2000 4.8% 6.1%
1999 0.4% 7.5%
1998 7.9% 4.6%
1997 3% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 4.08% in Guyana. In 2024, inflation was 3.4% in Equatorial Guinea and 2.5% in Guyana.

Balance of trade

Equatorial Guinea Guyana
Current account balance
-$344M
1996
$2.35B
2023
Current account balance ranking
101/190
1996
43/190
2023
Current account balance, % of GDP
-148%
1996
+13.9%
2023
Goods imports
$292M
1996
$6B
2023
Goods exports
$175M
1996
$13.2B
2023
Service imports
$185M
1996
$4.95B
2023
Service exports
$4.88M
1996
$529M
2023
Imports of goods and services, % of GDP
25.4%
2024
109.7%
2005
Exports of goods and services, % of GDP
35.2%
2024
84.6%
2005

Economic freedom indices

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

Equatorial Guinea Guyana
Economic freedom 47.4 58.7
Economic freedom ranking 175/197 109/197
Property rights 16.9 46.7
Government integrity 6.9 38.8
Judicial effectiveness 7.2 48.6
Tax burden 81 76.4
Government spending 90.8 85
Fiscal health 97.3 39.9
Business freedom 35.9 70.9
Labor freedom 45.2 76
Monetary freedom 73.5 78.5
Trade freedom 43.6 59.2
Investment freedom 40 55
Financial freedom 30 30

Economic freedom comparison by year

Equatorial Guinea
Guyana
1x
Year Economic freedom index
Equatorial Guinea Guyana
2026 47.4 58.7
2025 47.7 58.2
2024 47.7 57.3
2023 48.3 56.9
2022 47.2 59.5
2021 49.2 57.4
2020 48.3 56.2
2019 41 56.8
2018 42 58.7
2017 45 58.5
2016 43.7 55.4
2015 40.4 55.5
2014 44.4 55.7
2013 42.3 53.8
2012 42.8 51.3
2011 47.5 49.4
2010 48.6 48.4
2009 51.3 48.4
2008 51.6 48.8
2007 53.2 53.7
2006 51.5 56.6
2005 53.3 56.5
2004 53.3 53
2003 53.1 50.3
2002 46.4 54.3
2001 47.9 53.3
2000 45.6 52.4
1999 45.1 53.3
1998 - 52.7
1997 - 53.2
1996 - 50.1
1995 - 45.7

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Guyana
Services, % of GDP
51.1%
2024
14.5%
2024
Industry, % of GDP
45.8%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
7.62%
2024
GNI, Atlas method
$8.96B
2024
$16.7B
2024
GNI per capita, PPP
$12,330
2024
$52,290
2024
Total reserves including gold
$1.54B
2023
$1.01B
2024
Total reserves ranking
134/177
2023
141/177
2024
Net foreign direct investment
-$376M
1996
$1.14B
2023
Net inflows of foreign direct investment
$188M
2024
$8.63B
2024
Net outflows of foreign direct investment
$154M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI n/a
3.73%
2024
Poverty at national poverty lines
50.7%
2022
35%
2020
Gross capital formation, % of GDP
8.96%
2024
32.3%
2005

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/guyana | 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. Central Intelligence Agency (CIA) (2014–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.