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Economy of Equatorial Guinea vs Hungary compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $246B for Hungary, ranking 150/197 and 55/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $185B (75.2% of GDP) in Hungary.

Equatorial Guinea vs Hungary GDP by year

Equatorial Guinea
Hungary
1x
Year GDP, current $
Equatorial Guinea Hungary
2025 $12,823,210,426 $246,490,213,513
2024 $13,254,388,261 $222,848,211,034
2023 $12,541,814,273 $213,029,511,029
2022 $13,687,643,436 $177,002,580,544
2021 $12,215,878,033 $183,282,685,440
2020 $9,893,816,008 $158,468,487,754
2019 $11,364,133,550 $164,936,682,034
2018 $13,097,012,134 $161,184,691,014
2017 $12,200,913,879 $143,335,098,992
2016 $11,240,808,848 $128,983,560,865
2015 $13,185,496,881 $125,244,126,623
2014 $21,765,453,082 $141,128,696,412
2013 $21,948,834,284 $135,646,053,779
2012 $22,388,344,144 $128,470,269,690
2011 $21,357,343,669 $141,712,804,954
2010 $16,314,443,436 $131,898,737,241
2009 $15,027,795,173 $130,807,441,076
2008 $19,749,893,536 $158,228,265,916
2007 $13,071,718,759 $140,123,326,896
2006 $10,086,528,699 $115,604,111,412
2005 $8,217,369,093 $113,098,237,571
2004 $4,410,764,339 $104,015,363,080
2003 $2,484,745,935 $85,190,469,121
2002 $1,806,742,742 $67,636,468,625
2001 $1,461,139,022 $53,800,068,066
2000 $1,045,998,496 $47,275,954,429
1999 $621,117,886 $49,160,204,397
1998 $370,687,634 $48,784,412,624
1997 $442,337,871 $47,398,564,799
1996 $232,463,023 $46,833,767,124
1995 $141,853,361 $46,577,614,589
1994 $100,807,003 $43,307,949,890
1993 $136,047,906 $40,256,233,360
1992 $134,707,184 $38,857,339,125
1991 $110,906,029 $34,867,307,353
1990 $112,119,411 $34,478,360,679
1989 $88,265,975 $30,422,508,938
1988 $100,534,657 $29,799,838,597
1987 $93,345,860 $27,232,016,527
1986 $76,407,396 $24,778,163,812
1985 $62,118,570 $21,510,643,750
1984 $50,320,914 $21,242,726,264
1983 $44,442,457 $21,910,365,258
1982 $44,294,648 $24,141,667,188
1981 $36,731,423 $23,705,883,892
1980 $50,642,881 $23,116,977,148
1979 - $19,959,731,325
1978 - $17,286,744,154
1977 $103,987,520 $14,783,674,055
1976 $103,653,050 $13,235,612,079
1975 $104,295,643 $11,420,392,515
1974 $94,159,863 $10,016,338,179
1973 $81,203,227 $9,138,292,402
1972 $65,429,198 $7,379,313,742
1971 $64,946,955 $6,291,568,221
1970 $66,331,429 $5,780,929,203
1969 $67,225,714 $5,429,812,387
1968 $67,514,286 $4,886,222,555
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/hungary | CC BY

GDP per capita in Equatorial Guinea vs Hungary by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $25,907 -
2024 $7,004 $17,567 $23,305 $48,552
2023 $6,788 $17,412 $22,209 $46,592
2022 $7,589 $18,140 $18,428 $44,366
2021 $6,946 $16,821 $19,031 $38,887
2020 $5,764 $13,677 $16,387 $35,584
2019 $6,804 $16,451 $17,013 $35,627
2018 $8,102 $18,413 $16,605 $32,258
2017 $7,809 $18,435 $14,736 $29,728
2016 $7,453 $16,649 $13,216 $28,179
2015 $9,069 $19,479 $12,783 $26,938
2014 $15,549 $27,177 $14,353 $25,796
2013 $16,304 $27,910 $13,739 $24,592
2012 $17,309 $30,012 $12,950 $23,205
2011 $17,198 $27,242 $14,211 $22,992
2010 $13,720 $26,168 $13,190 $21,691
2009 $13,233 $29,722 $13,051 $20,691
2008 $18,211 $30,523 $15,763 $20,709
2007 $12,617 $26,611 $13,935 $19,089
2006 $10,185 $23,511 $11,478 $18,362
2005 $8,674 $22,137 $11,212 $17,091
2004 $4,901 $19,354 $10,291 $16,251
2003 $2,931 $14,496 $8,410 $15,460
2002 $2,264 $13,255 $6,658 $14,532
2001 $1,949 $11,627 $5,281 $13,223
2000 $1,487 $7,420 $4,630 $11,872
1999 $931 $6,470 $4,802 $10,892
1998 $578 $5,280 $4,752 $10,415
1997 $717 $4,387 $4,606 $9,846
1996 $392 $1,793 $4,542 $9,388
1995 $248.3 $1,098 $4,509 $9,222
1994 $183.2 $951 $4,187 $8,888
1993 $256.7 $828 $3,887 $8,441
1992 $263.7 $756 $3,747 $8,284
1991 $225.3 $569 $3,361 $8,352
1990 $236.4 $577 $3,324 $9,169
1989 $193.2 - $2,902 -
1988 $228.7 - $2,812 -
1987 $220.9 - $2,566 -
1986 $188.8 - $2,331 -
1985 $161.1 - $2,020 -
1984 $137.9 - $1,991 -
1983 $129.4 - $2,050 -
1982 $137.5 - $2,255 -
1981 $121.1 - $2,213 -
1980 $175.5 - $2,158 -
1979 - - $1,865 -
1978 - - $1,618 -
1977 $376 - $1,388 -
1976 $369 - $1,249 -
1975 $362 - $1,083 -
1974 $319 - $956 -
1973 $268.6 - $876 -
1972 $211.4 - $710 -
1971 $205.6 - $607 -
1970 $206.8 - $559 -
1969 $208.4 - $527 -
1968 $211.7 - $476 -
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/hungary | CC BY

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Hungary ranks 48th at $48,552.

Economic indicators

Equatorial Guinea Hungary
Gross domestic product
$12.8B
2025
$246B
2025
GDP rank
150/197
2025
55/197
2025
GDP growth
-5.85%
2024-2025
0.51%
2024-2025
GDP per capita
$6,615
2025
$25,907
2025
GDP per capita rank
107/197
2025
52/197
2025
GDP per capita, PPP
$17,567
2024
$48,552
2024
GDP per capita PPP rank
106/197
2024
48/197
2024
Government debt
$5.21B
2025
$185B
2025
Debt-to-GDP ratio
40.6%
2025
75.2%
2025
Government debt per person
$2,686
2025
$19,473
2025
Government debt per person rank
109/185
2025
33/185
2025
Average annual personal income after taxes
$4,723
2026
$18,331
2026
Market capitalization of domestic companies n/a
$62.6B
2025
Number of millionaires n/a
27,000
2026
Number of billionaires n/a
4
2026
Income share by richest 10%
29.1%
2022
24.4%
2022
Income share by poorest 10%
2.6%
2022
2.8%
2022
Government expenditure, % of GDP
20.7%
2025
47.5%
2025
Consumer prices inflation
2.8%
2024-2025
4.41%
2024-2025
Central bank interest rate n/a
6.25%
2026
Unemployment rate
8.6%
2014
4.4%
2025
Population
2008950
9454659

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Hungary
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 47.5% 75.2%
2024 18.5% 36.4% 46.9% 73.5%
2023 19.2% 39.1% 49.3% 73.2%
2022 14.8% 29.8% 48.9% 74.1%
2021 12.7% 42.3% 48.1% 76.2%
2020 16.2% 49.4% 51% 78.7%
2019 16.8% 43.2% 45.8% 65%
2018 19.1% 40.6% 45.9% 68.8%
2017 20.1% 36.2% 46.6% 72%
2016 27.8% 41.1% 46.7% 74.6%
2015 41.6% 31.7% 50.4% 75.7%
2014 31.6% 12.6% 50% 76.5%
2013 29.3% 6.27% 50.1% 77.2%
2012 35.2% 7.1% 49.2% 78.4%
2011 27.5% 7.17% 49.1% 80.5%
2010 31.2% 7.89% 48.9% 80.2%
2009 39.8% 4.34% 50.7% 78.2%
2008 19.9% 0.49% 48.8% 71.8%
2007 19.7% 0.75% 49.9% 65.6%
2006 18.1% 1.22% 51.4% 64.5%
2005 14.1% 2.85% 49.4% 60.6%
2004 15.5% 4.54% 48.8% 58.9%
2003 11.8% 6.77% 49.2% 58.2%
2002 11.3% 19.4% 51% 55.6%
2001 13.5% 25.5% 47.2% 52.2%
2000 22.6% 36.6% 47.3% 55.6%
1999 18.7% 60.5% 48.9% 60.3%
1998 35.1% 59.2% 50.7% 60.4%
1997 14.8% 46.3% 49.5% 62.2%
1996 22.9% 91.2% 50.9% 71.2%
1995 141.5% 136.9% 55% 83.9%
1994 510% 216% - 86.2%
1993 256.3% 152.6% - 87.2%
1992 595% 136.9% - 76.5%
1991 284.5% 169.5% - 74.2%
1990 212.9% 157% - 63.7%
1989 116.8% 187% - 70.7%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1994, retrieved 2026-07-08).

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

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Hungary spent $117B, or 47.5% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 75.2% in Hungary, ranking 132/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Hungary
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Hungary
2025 -2.55% -4.68%
2024 -0.55% -4.9%
2023 2.39% -6.77%
2022 11.7% -6.19%
2021 2.65% -7.11%
2020 -1.77% -7.49%
2019 1.82% -2.02%
2018 0.52% -2.05%
2017 -2.59% -2.45%
2016 -10.9% -1.79%
2015 -15.1% -2%
2014 -7.54% -2.77%
2013 -4.4% -2.6%
2012 -7.24% -2.33%
2011 0.83% -5.22%
2010 -4.53% -4.44%
2009 -6.47% -4.76%
2008 14.6% -3.78%
2007 17.2% -5.09%
2006 21.8% -9.27%
2005 18.5% -7.79%
2004 9.22% -6.6%
2003 9.99% -7.19%
2002 17.6% -8.79%
2001 14.9% -4%
2000 -2.67% -3.04%
1999 -0.19% -5.27%
1998 -7.65% -7.41%
1997 3.21% -5.54%
1996 -6.36% -4.36%
1995 -123.4% -8.57%
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% -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -0.17%
1942 - 0.31%
1941 - 0.2%
1940 - -0.07%
1939 - 0.19%
1938 - -0.11%
1937 - -0.01%
1936 - 0.08%
1935 - 0.03%
1934 - 0.04%
1933 - -0.03%
1932 - -0.22%
1931 - -0.32%
1930 - -0.26%
1929 - 0.02%
1928 - 0.12%
1927 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

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

In 2025, Equatorial Guinea's government deficit, the difference between spending and revenue, was $327M, equivalent to 2.55% of GDP. This compares to Hungary's deficit of $11.5B, or 4.68% of GDP.

Over the past 31 years, Equatorial Guinea recorded a fiscal deficit in 16 of those years, while Hungary ran a deficit in 31 years. On average, Equatorial Guinea posted an annual deficit equal to 1.84% of GDP, compared to deficit of 5.04% of GDP for Hungary.

Inflation comparison by year

Inflation
Equatorial Guinea

Hungary
1x
Year Consumer prices inflation
Equatorial Guinea Hungary
2025 2.8% 4.41%
2024 3.4% 3.7%
2023 2.4% 17.1%
2022 4.9% 14.6%
2021 -0.1% 5.11%
2020 4.8% 3.33%
2019 1.2% 3.34%
2018 1.3% 2.85%
2017 0.7% 2.35%
2016 1.4% 0.39%
2015 1.7% -0.06%
2014 4.3% -0.23%
2013 3.2% 1.73%
2012 3.4% 5.65%
2011 4.8% 3.93%
2010 5.3% 4.86%
2009 5.7% 4.21%
2008 4.7% 6.04%
2007 2.8% 7.96%
2006 4.5% 3.93%
2005 5.6% 3.56%
2004 4.2% 6.74%
2003 7.3% 4.66%
2002 7.6% 5.27%
2001 8.7% 9.12%
2000 4.8% 9.8%
1999 0.4% 10%
1998 7.9% 14.2%
1997 3% 18.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 6.1% in Hungary. In 2025, inflation was 2.8% in Equatorial Guinea and 4.41% in Hungary.

Top exports between countries

Equatorial Guinea
Export category Export value
Hungary
Export category Export value
Raw materials & minerals $512K
Machinery & equipment $237K
Animal & marine products $199K
Textiles & consumer goods $39K
Wood & paper products $7K
Chemicals & pharma $4K
Metals $1K

Balance of trade

Equatorial Guinea Hungary
Current account balance
-$344M
1996
$4.08B
2025
Current account balance ranking
98/190
1996
34/190
2025
Current account balance, % of GDP
-148%
1996
+1.65%
2025
Goods imports
$292M
1996
$139B
2025
Goods exports
$175M
1996
$136B
2025
Service imports
$185M
1996
$29.8B
2025
Service exports
$4.88M
1996
$43.1B
2025
Imports of goods and services, % of GDP
28.4%
2025
68.1%
2025
Exports of goods and services, % of GDP
46.5%
2025
72.6%
2025

Economic freedom indices

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

Equatorial Guinea Hungary
Economic freedom 47.4 62.5
Economic freedom ranking 175/197 86/197
Property rights 16.9 67.3
Government integrity 6.9 44
Judicial effectiveness 7.2 61.9
Tax burden 81 85.1
Government spending 90.8 30.2
Fiscal health 97.3 32.7
Business freedom 35.9 70.8
Labor freedom 45.2 56.5
Monetary freedom 73.5 72.1
Trade freedom 43.6 79.4
Investment freedom 40 80
Financial freedom 30 70

Economic freedom comparison by year

Equatorial Guinea
Hungary
1x
Year Economic freedom index
Equatorial Guinea Hungary
2026 47.4 62.5
2025 47.7 61.4
2024 47.7 61.2
2023 48.3 64.1
2022 47.2 66.9
2021 49.2 67.2
2020 48.3 66.4
2019 41 65
2018 42 66.7
2017 45 65.8
2016 43.7 66
2015 40.4 66.8
2014 44.4 67
2013 42.3 67.3
2012 42.8 67.1
2011 47.5 66.6
2010 48.6 66.1
2009 51.3 66.8
2008 51.6 67.6
2007 53.2 64.8
2006 51.5 65
2005 53.3 63.5
2004 53.3 62.7
2003 53.1 63
2002 46.4 64.5
2001 47.9 65.6
2000 45.6 64.4
1999 45.1 59.6
1998 - 56.9
1997 - 55.3
1996 - 56.8
1995 - 55.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 62.5 for Hungary, ranking 86/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Hungary
Services, % of GDP
55.5%
2025
60.1%
2025
Industry, % of GDP
41.4%
2025
23%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
2.65%
2025
GNI, Atlas method
$11.4B
2025
$227B
2025
GNI per capita, PPP
$14,610
2025
$48,630
2025
Total reserves including gold
$1.08B
2024
$59.1B
2025
Total reserves ranking
141/177
2024
42/177
2025
Net foreign direct investment
-$376M
1996
$9.1B
2025
Net inflows of foreign direct investment
$188M
2024
-$61.3B
2024
Net outflows of foreign direct investment
$154M
2024
-$76.3B
2024
Poverty at national poverty lines
50.7%
2022
12.1%
2021
Gross capital formation, % of GDP
-3.68%
2025
22.2%
2025

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/hungary | CC BY

Compare countries by 7 more topics

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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 (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2014, 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.