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Economy of Equatorial Guinea vs Kazakhstan compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $306B for Kazakhstan, ranking 150/197 and 49/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $75.2B (24.6% of GDP) in Kazakhstan.

Equatorial Guinea vs Kazakhstan GDP by year

Equatorial Guinea
Kazakhstan
1x
Year GDP, current $
Equatorial Guinea Kazakhstan
2025 $12,823,210,426 $306,239,209,650
2024 $13,254,388,261 $291,480,274,649
2023 $12,541,814,273 $261,840,101,060
2022 $13,687,643,436 $225,496,328,925
2021 $12,215,878,033 $197,112,255,361
2020 $9,893,816,008 $171,082,365,861
2019 $11,364,133,550 $181,667,184,855
2018 $13,097,012,134 $179,339,977,690
2017 $12,200,913,879 $166,805,788,827
2016 $11,240,808,848 $137,278,320,084
2015 $13,185,496,881 $184,388,404,706
2014 $21,765,453,082 $221,415,613,595
2013 $21,948,834,284 $236,634,603,409
2012 $22,388,344,144 $207,998,568,866
2011 $21,357,343,669 $192,626,464,617
2010 $16,314,443,436 $148,047,348,241
2009 $15,027,795,173 $115,308,686,941
2008 $19,749,893,536 $133,441,648,852
2007 $13,071,718,759 $104,849,915,058
2006 $10,086,528,699 $81,003,864,630
2005 $8,217,369,093 $57,123,671,734
2004 $4,410,764,339 $43,151,647,003
2003 $2,484,745,935 $30,833,692,900
2002 $1,806,742,742 $24,636,598,527
2001 $1,461,139,022 $22,152,689,180
2000 $1,045,998,496 $18,291,990,662
1999 $621,117,886 $16,870,817,182
1998 $370,687,634 $22,135,245,507
1997 $442,337,871 $22,165,932,063
1996 $232,463,023 $21,035,357,937
1995 $141,853,361 $20,374,302,652
1994 $100,807,003 $21,250,792,886
1993 $136,047,906 $23,409,260,880
1992 $134,707,184 $24,917,355,372
1991 $110,906,029 $24,923,076,923
1990 $112,119,411 $26,932,016,270
1989 $88,265,975 -
1988 $100,534,657 -
1987 $93,345,860 -
1986 $76,407,396 -
1985 $62,118,570 -
1984 $50,320,914 -
1983 $44,442,457 -
1982 $44,294,648 -
1981 $36,731,423 -
1980 $50,642,881 -
1979 - -
1978 - -
1977 $103,987,520 -
1976 $103,653,050 -
1975 $104,295,643 -
1974 $94,159,863 -
1973 $81,203,227 -
1972 $65,429,198 -
1971 $64,946,955 -
1970 $66,331,429 -
1969 $67,225,714 -
1968 $67,514,286 -
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/kazakhstan | CC BY

GDP per capita in Equatorial Guinea vs Kazakhstan by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $14,692 -
2024 $7,004 $17,567 $14,155 $40,891
2023 $6,788 $17,412 $12,879 $38,515
2022 $7,589 $18,140 $11,255 $35,895
2021 $6,946 $16,821 $9,984 $32,946
2020 $5,764 $13,677 $8,782 $29,040
2019 $6,804 $16,451 $9,457 $28,689
2018 $8,102 $18,413 $9,472 $25,096
2017 $7,809 $18,435 $8,943 $23,973
2016 $7,453 $16,649 $7,476 $23,023
2015 $9,069 $19,479 $10,196 $22,484
2014 $15,549 $27,177 $12,428 $23,958
2013 $16,304 $27,910 $13,478 $23,754
2012 $17,309 $30,012 $12,019 $21,367
2011 $17,198 $27,242 $11,287 $20,160
2010 $13,720 $26,168 $8,793 $18,642
2009 $13,233 $29,722 $6,938 $17,389
2008 $18,211 $30,523 $8,124 $17,278
2007 $12,617 $26,611 $6,449 $16,581
2006 $10,185 $23,511 $5,030 $14,966
2005 $8,674 $22,137 $3,577 $13,226
2004 $4,901 $19,354 $2,722 $11,777
2003 $2,931 $14,496 $1,958 $10,532
2002 $2,264 $13,255 $1,574 $9,504
2001 $1,949 $11,627 $1,422 $8,568
2000 $1,487 $7,420 $1,180 $7,418
1999 $931 $6,470 $1,092 $6,626
1998 $578 $5,280 $1,415 $6,284
1997 $717 $4,387 $1,382 $6,178
1996 $392 $1,793 $1,281 $5,836
1995 $248.3 $1,098 $1,218 $5,595
1994 $183.2 $951 $1,247 $5,860
1993 $256.7 $828 $1,355 $6,477
1992 $263.7 $756 $1,438 $6,945
1991 $225.3 $569 $1,442 $7,193
1990 $236.4 $577 $1,570 $7,874
1989 $193.2 - - -
1988 $228.7 - - -
1987 $220.9 - - -
1986 $188.8 - - -
1985 $161.1 - - -
1984 $137.9 - - -
1983 $129.4 - - -
1982 $137.5 - - -
1981 $121.1 - - -
1980 $175.5 - - -
1979 - - - -
1978 - - - -
1977 $376 - - -
1976 $369 - - -
1975 $362 - - -
1974 $319 - - -
1973 $268.6 - - -
1972 $211.4 - - -
1971 $205.6 - - -
1970 $206.8 - - -
1969 $208.4 - - -
1968 $211.7 - - -
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/kazakhstan | CC BY

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $14,692 in Kazakhstan, ranking 73/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Equatorial Guinea Kazakhstan
Gross domestic product
$12.8B
2025
$306B
2025
GDP rank
150/197
2025
49/197
2025
GDP growth
-5.85%
2024-2025
6.5%
2024-2025
GDP per capita
$6,615
2025
$14,692
2025
GDP per capita rank
107/197
2025
73/197
2025
GDP per capita, PPP
$17,567
2024
$40,891
2024
GDP per capita PPP rank
106/197
2024
58/197
2024
Government debt
$5.21B
2025
$75.2B
2025
Debt-to-GDP ratio
40.6%
2025
24.6%
2025
Government debt per person
$2,686
2025
$3,609
2025
Government debt per person rank
109/185
2025
96/185
2025
Average annual personal income after taxes
$4,723
2026
$8,395
2026
Market capitalization of domestic companies n/a
$158B
2025
Number of millionaires n/a
44,307
2024
Number of billionaires n/a
6
2026
Income share by richest 10%
29.1%
2022
24.8%
2021
Income share by poorest 10%
2.6%
2022
4.3%
2021
Government expenditure, % of GDP
20.7%
2025
21.8%
2025
Consumer prices inflation
2.8%
2024-2025
11.4%
2024-2025
Central bank interest rate n/a
17%
2026
Unemployment rate
8.6%
2014
4.9%
2022
Population
2008950
21211812

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Kazakhstan
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 21.8% 24.6%
2024 18.5% 36.4% 22.7% 24.4%
2023 19.2% 39.1% 23.4% 23%
2022 14.8% 29.8% 21.7% 23.5%
2021 12.7% 42.3% 22.1% 25.1%
2020 16.2% 49.4% 24.5% 26.4%
2019 16.8% 43.2% 20.2% 19.9%
2018 19.1% 40.6% 18.8% 20.3%
2017 20.1% 36.2% 24.1% 19.9%
2016 27.8% 41.1% 21.5% 19.7%
2015 41.6% 31.7% 22.9% 21.9%
2014 31.6% 12.6% 21.3% 14.5%
2013 29.3% 6.27% 19.8% 12.6%
2012 35.2% 7.1% 21.9% 12.1%
2011 27.5% 7.17% 21.2% 10.2%
2010 31.2% 7.89% 22.5% 10.7%
2009 39.8% 4.34% 23.5% 10.2%
2008 19.9% 0.49% 27.1% 6.77%
2007 19.7% 0.75% 23.7% 4.09%
2006 18.1% 1.22% 19.8% 6.68%
2005 14.1% 2.85% 22% 8.1%
2004 15.5% 4.54% 21.3% 11.4%
2003 11.8% 6.77% 21.4% 15%
2002 11.3% 19.4% 20.5% 17.6%
2001 13.5% 25.5% - -
2000 22.6% 36.6% - -
1999 18.7% 60.5% - -
1998 35.1% 59.2% - -
1997 14.8% 46.3% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

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

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Kazakhstan spent $66.9B, or 21.8% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 24.6% in Kazakhstan, ranking 132/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Kazakhstan
2025 -2.55% -3.11%
2024 -0.55% -3.43%
2023 2.39% -1.41%
2022 11.7% 0.11%
2021 2.65% -4.97%
2020 -1.77% -7.04%
2019 1.82% -0.57%
2018 0.52% 2.58%
2017 -2.59% -4.27%
2016 -10.9% -4.5%
2015 -15.1% -6.26%
2014 -7.54% 2.48%
2013 -4.4% 4.95%
2012 -7.24% 4.43%
2011 0.83% 5.81%
2010 -4.53% 1.47%
2009 -6.47% -1.33%
2008 14.6% 1.23%
2007 17.2% 5.13%
2006 21.8% 7.65%
2005 18.5% 6.08%
2004 9.22% 3.29%
2003 9.99% 4%
2002 17.6% 1.92%
2001 14.9% -
2000 -2.67% -
1999 -0.19% -
1998 -7.65% -
1997 3.21% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/equatorial-guinea/kazakhstan | 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 Kazakhstan's deficit of $9.54B, or 3.11% of GDP.

Over the past 24 years, Equatorial Guinea recorded a fiscal deficit in 11 of those years, while Kazakhstan ran a deficit in 10 years. On average, Equatorial Guinea posted an annual surplus equal to 2.71% of GDP, compared to surplus of 0.59% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Equatorial Guinea

Kazakhstan
1x
Year Consumer prices inflation
Equatorial Guinea Kazakhstan
2025 2.8% 11.4%
2024 3.4% 8.7%
2023 2.4% 14.5%
2022 4.9% 15%
2021 -0.1% 8%
2020 4.8% 6.8%
2019 1.2% 5.3%
2018 1.3% 6%
2017 0.7% 7.5%
2016 1.4% 14.6%
2015 1.7% 6.8%
2014 4.3% 6.6%
2013 3.2% 5.8%
2012 3.4% 5.1%
2011 4.8% 8.4%
2010 5.3% 7.1%
2009 5.7% 7.3%
2008 4.7% 17.2%
2007 2.8% 10.8%
2006 4.5% 8.6%
2005 5.6% 7.4%
2004 4.2% 7%
2003 7.3% 6.4%
2002 7.6% 6%
2001 8.7% 8.4%
2000 4.8% 13.2%
1999 0.4% 8.3%
1998 7.9% 7.1%
1997 3% 17.4%

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

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

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 9.06% in Kazakhstan. In 2025, inflation was 2.8% in Equatorial Guinea and 11.4% in Kazakhstan.

Top exports between countries

Equatorial Guinea
Export category Export value
Kazakhstan
Export category Export value
Metals $1K

Balance of trade

Equatorial Guinea Kazakhstan
Current account balance
-$344M
1996
-$12.5B
2025
Current account balance ranking
98/190
1996
177/190
2025
Current account balance, % of GDP
-148%
1996
-4.07%
2025
Goods imports
$292M
1996
$66.3B
2025
Goods exports
$175M
1996
$77.3B
2025
Service imports
$185M
1996
$14B
2025
Service exports
$4.88M
1996
$12.8B
2025
Imports of goods and services, % of GDP
28.4%
2025
25.6%
2024
Exports of goods and services, % of GDP
46.5%
2025
31.6%
2024

Economic freedom indices

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

Equatorial Guinea Kazakhstan
Economic freedom 47.4 64.2
Economic freedom ranking 175/197 75/197
Property rights 16.9 54.9
Government integrity 6.9 40.7
Judicial effectiveness 7.2 33.8
Tax burden 81 91.2
Government spending 90.8 85.6
Fiscal health 97.3 97.2
Business freedom 35.9 64.9
Labor freedom 45.2 63.5
Monetary freedom 73.5 64.3
Trade freedom 43.6 74.4
Investment freedom 40 50
Financial freedom 30 50

Economic freedom comparison by year

Equatorial Guinea
Kazakhstan
1x
Year Economic freedom index
Equatorial Guinea Kazakhstan
2026 47.4 64.2
2025 47.7 63.8
2024 47.7 62
2023 48.3 62.1
2022 47.2 64.4
2021 49.2 71.1
2020 48.3 69.6
2019 41 65.4
2018 42 69.1
2017 45 69
2016 43.7 63.6
2015 40.4 63.3
2014 44.4 63.7
2013 42.3 63
2012 42.8 63.6
2011 47.5 62.1
2010 48.6 61
2009 51.3 60.1
2008 51.6 61.1
2007 53.2 59.6
2006 51.5 60.2
2005 53.3 53.9
2004 53.3 49.7
2003 53.1 52.3
2002 46.4 52.4
2001 47.9 51.8
2000 45.6 50.4
1999 45.1 47.3
1998 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Kazakhstan
Services, % of GDP
55.5%
2025
57.7%
2025
Industry, % of GDP
41.4%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
3.74%
2025
GNI, Atlas method
$11.4B
2025
$286B
2025
GNI per capita, PPP
$14,610
2025
$41,090
2025
Total reserves including gold
$1.08B
2024
$66.1B
2025
Total reserves ranking
141/177
2024
40/177
2025
Net foreign direct investment
-$376M
1996
$1.38B
2025
Net inflows of foreign direct investment
$188M
2024
$2.09B
2024
Net outflows of foreign direct investment
$154M
2024
-$1.9B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
50.7%
2022
5%
2024
Gross capital formation, % of GDP
-3.68%
2025
27.2%
2024

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/kazakhstan | CC BY

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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 (1998–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2014, retrieved 2026-07-08)
  9. TradeMap (2023, 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.

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.