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Economy of Equatorial Guinea vs Israel compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $540B for Israel, ranking 148/197 and 29/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $366B (67.6% of GDP) in Israel.

Equatorial Guinea vs Israel GDP by year

Equatorial Guinea
Israel
1x
Year GDP, current $
Equatorial Guinea Israel
2024 $12,765,777,677 $540,379,921,262
2023 $12,337,550,584 $512,184,638,999
2022 $13,687,643,436 $525,181,008,026
2021 $12,215,878,033 $489,851,549,972
2020 $9,893,816,008 $410,768,352,658
2019 $11,364,133,550 $400,645,216,359
2018 $13,097,012,134 $376,299,083,108
2017 $12,200,913,879 $358,451,839,053
2016 $11,240,808,848 $321,940,971,558
2015 $13,185,496,881 $303,469,434,072
2014 $21,765,453,082 $315,017,088,117
2013 $21,948,834,284 $298,478,070,673
2012 $22,388,344,144 $263,589,172,712
2011 $21,357,343,669 $268,094,998,225
2010 $16,314,443,436 $239,679,036,634
2009 $15,027,795,173 $213,403,181,853
2008 $19,749,893,536 $221,231,658,863
2007 $13,071,718,759 $184,681,214,673
2006 $10,086,528,699 $158,900,547,825
2005 $8,217,369,093 $147,519,922,009
2004 $4,410,764,339 $140,047,984,605
2003 $2,484,745,935 $131,408,914,824
2002 $1,806,742,742 $125,332,331,884
2001 $1,461,139,022 $135,002,039,613
2000 $1,045,998,496 $136,512,300,542
1999 $621,117,886 $121,417,185,062
1998 $370,687,634 $120,547,409,279
1997 $442,337,871 $119,459,826,347
1996 $232,463,023 $115,116,595,545
1995 $141,853,361 $105,497,418,059
1994 $100,807,003 $90,740,103,829
1993 $136,047,906 $79,855,877,174
1992 $134,707,184 $79,457,685,757
1991 $110,906,029 $70,998,755,007
1990 $112,119,411 $62,016,729,541
1989 $88,265,975 $52,443,479,454
1988 $100,534,657 $52,650,948,910
1987 $93,345,860 $43,049,543,635
1986 $76,407,396 $35,834,154,874
1985 $62,118,570 $28,905,736,367
1984 $50,320,914 $30,645,607,293
1983 $44,442,457 $32,675,755,462
1982 $44,294,648 $29,255,285,401
1981 $36,731,423 $26,882,009,819
1980 $50,642,881 $25,395,256,478
1979 - $22,609,741,060
1978 - $17,701,286,907
1977 $103,987,520 $18,257,113,904
1976 $103,653,050 $15,956,349,550
1975 $104,295,643 $16,141,767,373
1974 $94,159,863 $17,172,607,138
1973 $81,203,227 $11,902,574,259
1972 $65,429,198 $9,222,557,539
1971 $64,946,955 $7,052,544,000
1970 $66,331,429 $7,406,712,876
1969 $67,225,714 $6,297,852,761
1968 $67,514,286 $5,458,427,928
1967 $72,317,447 $4,762,386,783
1966 $69,110,000 $4,703,300,098
1965 $64,748,333 $4,329,084,429
1964 $51,915,000 $4,024,344,853
1963 $44,266,667 $3,535,949,089
1962 $37,253,333 $2,966,154,031
1961 - $3,708,586,471
1960 - $3,070,585,807

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

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

GDP per capita in Equatorial Guinea vs Israel by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $54,177 $57,236
2023 $6,678 $17,412 $52,004 $55,171
2022 $7,589 $18,140 $54,950 $53,619
2021 $6,946 $16,821 $52,271 $46,162
2020 $5,764 $13,677 $44,576 $40,955
2019 $6,804 $16,451 $44,251 $41,325
2018 $8,102 $18,413 $42,363 $40,190
2017 $7,809 $18,435 $41,138 $39,471
2016 $7,453 $16,649 $37,672 $38,189
2015 $9,069 $19,479 $36,213 $35,871
2014 $15,549 $27,177 $38,343 $34,816
2013 $16,304 $27,910 $37,034 $34,827
2012 $17,309 $30,012 $33,321 $32,484
2011 $17,198 $27,242 $34,523 $31,314
2010 $13,720 $26,168 $31,439 $29,456
2009 $13,233 $29,722 $28,508 $28,087
2008 $18,211 $30,523 $30,269 $28,084
2007 $12,617 $26,611 $25,721 $28,307
2006 $10,185 $23,511 $22,527 $26,385
2005 $8,674 $22,137 $21,287 $25,701
2004 $4,901 $19,354 $20,568 $26,078
2003 $2,931 $14,496 $19,643 $24,702
2002 $2,264 $13,255 $19,076 $26,101
2001 $1,949 $11,627 $20,966 $25,806
2000 $1,487 $7,420 $21,707 $25,766
1999 $931 $6,470 $19,823 $23,415
1998 $578 $5,280 $20,189 $22,927
1997 $717 $4,387 $20,469 $22,279
1996 $392 $1,793 $20,224 $21,672
1995 $248.3 $1,098 $19,026 $20,642
1994 $183.2 $951 $16,807 $19,478
1993 $256.7 $828 $15,179 $18,218
1992 $263.7 $756 $15,510 $17,553
1991 $225.3 $569 $14,346 $16,486
1990 $236.4 $577 $13,308 $15,721
1989 $193.2 - $11,608 -
1988 $228.7 - $11,853 -
1987 $220.9 - $9,853 -
1986 $188.8 - $8,335 -
1985 $161.1 - $6,829 -
1984 $137.9 - $7,369 -
1983 $129.4 - $7,960 -
1982 $137.5 - $7,258 -
1981 $121.1 - $6,795 -
1980 $175.5 - $6,549 -
1979 - - $5,972 -
1978 - - $4,797 -
1977 $376 - $5,053 -
1976 $369 - $4,516 -
1975 $362 - $4,672 -
1974 $319 - $5,085 -
1973 $268.6 - $3,631 -
1972 $211.4 - $2,930 -
1971 $205.6 - $2,298 -
1970 $206.8 - $2,490 -
1969 $208.4 - $2,189 -
1968 $211.7 - $1,947 -
1967 $231.9 - $1,735 -
1966 $226.7 - $1,789 -
1965 $217.1 - $1,689 -
1964 $177.8 - $1,626 -
1963 $154.8 - $1,486 -
1962 $132.9 - $1,294 -
1961 - - $1,697 -
1960 - - $1,452 -

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

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Israel ranks 36th at $57,236.

Economic indicators

Equatorial Guinea Israel
Gross domestic product
$12.8B
2024
$540B
2024
GDP rank
148/197
2024
29/197
2024
GDP growth
0.91%
2023-2024
0.87%
2023-2024
GDP per capita
$6,745
2024
$54,177
2024
GDP per capita rank
106/197
2024
21/197
2024
GDP per capita, PPP
$17,567
2024
$57,236
2024
GDP per capita PPP rank
106/197
2024
36/197
2024
Government debt
$4.65B
2024
$366B
2024
Debt-to-GDP ratio
36.4%
2024
67.6%
2024
Government debt per person
$2,458
2024
$36,645
2024
Government debt per person rank
110/185
2024
18/185
2024
Average annual personal income after taxes
$5,042
2026
$43,003
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires n/a
41
2025
Income share by richest 10%
29.1%
2022
26.6%
2021
Income share by poorest 10%
2.6%
2022
2%
2021
Government expenditure, % of GDP
18.5%
2024
43.8%
2024
Consumer prices inflation
3.4%
2023-2024
3.07%
2023-2024
Central bank interest rate n/a
4.5%
2024
Unemployment rate
8.6%
2014
2.9%
2024
Population
1998075
10290887

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Israel
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 43.8% 67.6%
2023 19.2% 39.1% 39.3% 61.3%
2022 14.8% 29.8% 36.9% 60.3%
2021 12.7% 42.3% 40% 67.7%
2020 16.2% 49.4% 44.8% 71.1%
2019 16.8% 43.2% 38.7% 59.3%
2018 19.1% 40.6% 39.2% 60.1%
2017 20.1% 36.2% 38.3% 59.8%
2016 27.8% 41.1% 37.9% 61.7%
2015 41.6% 31.7% 37.6% 62.8%
2014 31.6% 12.6% 38.3% 64.9%
2013 29.3% 6.27% 39.7% 66%
2012 35.2% 7.1% 39.6% 66.9%
2011 27.5% 7.17% 39.3% 67.2%
2010 31.2% 7.89% 39.7% 69%
2009 39.8% 4.34% 41.4% 72.6%
2008 19.9% 0.49% 41.2% 70.2%
2007 19.7% 0.75% 40.2% 70.8%
2006 18.1% 1.22% 41.6% 77.7%
2005 14.1% 2.85% 42.3% 85.2%
2004 15.5% 4.54% 43% 88.3%
2003 11.8% 6.77% 45.4% 89.7%
2002 11.3% 19.4% 50% 87.2%
2001 13.5% 25.5% 46.1% 81.1%
2000 22.6% 36.6% 43.4% 77.2%
1999 18.7% 60.5% 53.6% 94.8%
1998 35.1% 59.2% 55% 101%
1997 14.8% 46.3% 52.6% 99.3%
1996 22.9% 91.2% 53.2% 100.3%
1995 141.5% 136.9% 52.8% 102.3%
1994 510% 216% 41.7% 110.2%
1993 256.3% 152.6% 42.2% 118.3%
1992 595% 136.9% 44.1% 119.6%
1991 284.5% 169.5% 34.4% 123.7%
1990 212.9% 157% 46.8% 138.3%
1989 116.8% 187% 47.5% 147.4%
1988 227.9% 154.5% 46.5% 145.4%
1987 183% 141.3% 52.8% 143.2%
1986 119% 152.5% 55.7% 162.5%
1985 115.4% 183.8% 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 67.6% in Israel, ranking 143/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Israel
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Israel
2024 -0.55% -8.26%
2023 2.39% -5.06%
2022 11.7% 0.32%
2021 2.65% -3.37%
2020 -1.77% -10.7%
2019 1.82% -3.79%
2018 0.52% -3.56%
2017 -2.59% -1.13%
2016 -10.9% -1.79%
2015 -15.1% -1.21%
2014 -7.54% -2.29%
2013 -4.4% -4.06%
2012 -7.24% -4.46%
2011 0.83% -3.43%
2010 -4.53% -3.72%
2009 -6.47% -6.53%
2008 14.6% -3.5%
2007 17.2% -0.43%
2006 21.8% -0.95%
2005 18.5% -2.74%
2004 9.22% -3.4%
2003 9.99% -5.03%
2002 17.6% -8.22%
2001 14.9% -4.06%
2000 -2.67% -0.8%
1999 -0.19% -6.26%
1998 -7.65% -7.99%
1997 3.21% -4.84%
1996 -6.36% -5.97%
1995 -123.4% -4.28%
1994 -487% -5.62%
1993 -217.9% -5.62%
1992 -557% -8%
1991 -236% -7.04%
1990 -160.2% -9.67%
1989 -76.2% -9.03%
1988 -208.5% -7.57%
1987 -158% -7.47%
1986 -97.3% -7.51%
1985 -89.3% -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 40 years, Equatorial Guinea recorded a fiscal deficit in 25 of those years, while Israel ran a deficit in 39 years. On average, Equatorial Guinea posted an annual deficit equal to 58.6% of GDP, compared to deficit of 5.08% of GDP for Israel.

Inflation comparison by year

Inflation
Equatorial Guinea

Israel
1x
Year Consumer prices inflation
Equatorial Guinea Israel
2024 3.4% 3.07%
2023 2.4% 4.23%
2022 4.9% 4.41%
2021 -0.1% 1.48%
2020 4.8% -0.58%
2019 1.2% 0.82%
2018 1.3% 0.81%
2017 0.7% 0.25%
2016 1.4% -0.54%
2015 1.7% -0.62%
2014 4.3% 0.47%
2013 3.2% 1.59%
2012 3.4% 1.68%
2011 4.8% 3.49%
2010 5.3% 2.7%
2009 5.7% 3.37%
2008 4.7% 4.53%
2007 2.8% 0.47%
2006 4.5% 2.05%
2005 5.6% 1.34%
2004 4.2% -0.42%
2003 7.3% 0.71%
2002 7.6% 5.8%
2001 8.7% 1.12%
2000 4.8% 1.03%
1999 0.4% 5.19%
1998 7.9% 5.49%
1997 3% 8.95%

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/israel | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 2.25% in Israel. In 2024, inflation was 3.4% in Equatorial Guinea and 3.07% in Israel.

Top exports between countries

Equatorial Guinea
Export category Export value
Metals $3K
Miscellaneous $3K
Machinery & equipment $2K
Israel
Export category Export value
Machinery & equipment $3.29M
Textiles & consumer goods $220K
Chemicals & pharma $142K
Processed food, beverages & tobacco $6K
Precious metals & jewellery $5K
Metals $4K
Raw materials & minerals $1K
Wood & paper products $1K

Balance of trade

Equatorial Guinea Israel
Current account balance
-$344M
1996
$15.5B
2024
Current account balance ranking
101/190
1996
21/190
2024
Current account balance, % of GDP
-148%
1996
+2.86%
2024
Goods imports
$292M
1996
$96.3B
2024
Goods exports
$175M
1996
$70B
2024
Service imports
$185M
1996
$44.4B
2024
Service exports
$4.88M
1996
$83.7B
2024
Imports of goods and services, % of GDP
25.4%
2024
26%
2024
Exports of goods and services, % of GDP
35.2%
2024
28.4%
2024

Economic freedom indices

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

Equatorial Guinea Israel
Economic freedom 47.4 68.4
Economic freedom ranking 175/197 47/197
Property rights 16.9 73.1
Government integrity 6.9 66.2
Judicial effectiveness 7.2 68.1
Tax burden 81 60.2
Government spending 90.8 52
Fiscal health 97.3 60.8
Business freedom 35.9 72.4
Labor freedom 45.2 56.8
Monetary freedom 73.5 78.2
Trade freedom 43.6 82.8
Investment freedom 40 70
Financial freedom 30 80

Economic freedom comparison by year

Equatorial Guinea
Israel
1x
Year Economic freedom index
Equatorial Guinea Israel
2026 47.4 68.4
2025 47.7 69.9
2024 47.7 70.1
2023 48.3 68.9
2022 47.2 68
2021 49.2 73.8
2020 48.3 74
2019 41 72.8
2018 42 72.2
2017 45 69.7
2016 43.7 70.7
2015 40.4 70.5
2014 44.4 68.4
2013 42.3 66.9
2012 42.8 67.8
2011 47.5 68.5
2010 48.6 67.7
2009 51.3 67.6
2008 51.6 66.3
2007 53.2 64.8
2006 51.5 64.4
2005 53.3 62.6
2004 53.3 61.4
2003 53.1 62.7
2002 46.4 66.9
2001 47.9 66.1
2000 45.6 65.5
1999 45.1 68.3
1998 - 68
1997 - 62.7
1996 - 62
1995 - 61.5

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Israel
Services, % of GDP
51.1%
2024
72.5%
2024
Industry, % of GDP
45.8%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
1.28%
2024
GNI, Atlas method
$8.96B
2024
$528B
2024
GNI per capita, PPP
$12,330
2024
$56,790
2024
Total reserves including gold
$1.54B
2023
$215B
2024
Total reserves ranking
134/177
2023
18/177
2024
Net foreign direct investment
-$376M
1996
-$4.86B
2024
Net inflows of foreign direct investment
$188M
2024
$14.8B
2024
Net outflows of foreign direct investment
$154M
2024
$9.92B
2024
Poverty at national poverty lines
50.7%
2022
22%
2020
Gross capital formation, % of GDP
8.96%
2024
23.4%
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/israel | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2014–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.

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.