Equatorial Guinea vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Equatorial Guinea ranked 132nd with $13.4B. By GDP 5-years average growth and GDP per capita, Iraq and Equatorial Guinea ranked 85th vs 179th and 103rd vs 73rd, respectively.

Gross Domestic Product & Income

StatEquatorial GuineaIraq
GDP$13.4B$224.2B
GDP growth, 1 year-5.7%0.6%
GDP growth, 5-years average-5.6%3.1%
Population1.3M38.3M
GDP per capita$10k$5.8k
GDP per capita growth-9.5%-2.84%
Purchasing Power Parity conversion factor250.74395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.450.33
GDP per capita, PPP adjusted$23k$18k
GNI, Atlas method$9B$193.6B
GNI per capita$6.8k$5k
GNI, PPP adjusted$22.9B$661.5B
GNI per capita, PPP adjusted$17k$17k

Financial system and Human development

StatEquatorial GuineaIraq
Income Tax Rate35%15%
Corporate Tax Rate35%15%
Inflation, consumer prices1.3%0.4%
Inflation, GDP deflator11.2%15.4%
Unemployment9.2%7.9%
Economic Freedom Index48.321
Personal Freedom Index6.63.21
Human Freedom Index6.64.28
Property Rights Index38.143.9
Judical Effectiveness Index19.511.2
Business Freedom Index37.552.6
Fiscal Health Index77.276.6
Labor Freedom Index34.244.8
Investment Freedom Index40N/A
Financial Freedom Index30N/A
Trade Freedom Index48.8N/A
Monetary Freedom Index78.176.4
Government Spending Index86.459.5
Tax Burden Index75.1N/A
Government Integrity Index15.120.8
Corruption Perceptions Index1618
Life expectancy at birth, years58.170.3
Suicide mortality rate, per 100,000 people16.43
Mortality caused by road traffic injury, per 100,000 people24.620.7
Intentional homicides, per 100,000 people2.39.9
International tourism, number of arrivalsN/A892k

Government debt & reserves

StatEquatorial GuineaIraq
Central government debt, % of GDP35.9%48.4%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A-7%
Gross savings, % of GDPN/A20.1%
Gross capital formation, % of GDP15.5%12.9%
Total reserves including gold$48.9M$64.7B
Foreign direct investment net inflows$395.9M-$4.9B

Exports, imports and economic structure

StatEquatorial GuineaIraq
Exports of goods and services, % of GDP58.1%44%
Imports of goods and services, % of GDP43.3%35.9%
Current account balance (balance of payments)-$344M$34.4B
Revenue excluding grants, % of GDP17.2%26.3%
Grants excluding technical cooperation, BoP$7.2M$1.7B
Personal remittances received$164k$741.7M
Industry including construction value added, % of GDP56.7%56.1%
Agriculture, forestry and fishing value added, % of GDP2.4%2%
Charges for the use of intellectual property, payments BoPN/A$7.8M
Charges for the use of intellectual property, receipts BoPN/A$100k
Expense, % of GDP9.8%25.3%
Government Expenditure, % of GDP21.3%36.7%

Compare with countries close by GDP per capita

Equatorial Guinea vs

CountryGDP
per capita
Population
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k

Iraq vs

CountryGDP
per capita
Population
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M