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Economy of Equatorial Guinea vs Lebanon compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $20.1B for Lebanon, ranking 148/197 and 128/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Equatorial Guinea vs Lebanon GDP by year

Equatorial Guinea
Lebanon
1x
Year GDP, current $
Equatorial Guinea Lebanon
2024 $12,765,777,677 -
2023 $12,337,550,584 $20,078,620,357
2022 $13,687,643,436 $20,992,421,949
2021 $12,215,878,033 $23,131,941,557
2020 $9,893,816,008 $31,712,128,254
2019 $11,364,133,550 $51,605,959,131
2018 $13,097,012,134 $54,901,519,156
2017 $12,200,913,879 $53,027,680,686
2016 $11,240,808,848 $51,147,308,774
2015 $13,185,496,881 $49,929,337,837
2014 $21,765,453,082 $48,095,213,747
2013 $21,948,834,284 $46,880,103,081
2012 $22,388,344,144 $44,016,799,516
2011 $21,357,343,669 $39,927,125,962
2010 $16,314,443,436 $38,443,907,042
2009 $15,027,795,173 $35,399,582,929
2008 $19,749,893,536 $29,118,916,105
2007 $13,071,718,759 $24,827,355,015
2006 $10,086,528,699 $22,022,709,851
2005 $8,217,369,093 $21,497,336,499
2004 $4,410,764,339 $21,159,827,992
2003 $2,484,745,935 $20,082,918,740
2002 $1,806,742,742 $19,152,238,806
2001 $1,461,139,022 $17,649,751,244
2000 $1,045,998,496 $17,260,364,842
1999 $621,117,886 $17,391,056,369
1998 $370,687,634 $17,247,179,006
1997 $442,337,871 $15,751,867,489
1996 $232,463,023 $13,690,217,334
1995 $141,853,361 $11,718,795,529
1994 $100,807,003 $9,599,127,050
1993 $136,047,906 $7,941,744,492
1992 $134,707,184 $5,843,579,161
1991 $110,906,029 $4,690,415,093
1990 $112,119,411 $2,838,485,354
1989 $88,265,975 $2,717,998,688
1988 $100,534,657 $3,313,540,068
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 (1962–2024, retrieved 2026-04-06).

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

GDP per capita in Equatorial Guinea vs Lebanon by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 - -
2023 $6,678 $17,412 $3,478 $12,575
2022 $7,589 $18,140 $3,654 $12,293
2021 $6,946 $16,821 $4,045 $11,600
2020 $5,764 $13,677 $5,561 $16,260
2019 $6,804 $16,451 $8,906 $21,710
2018 $8,102 $18,413 $9,175 $21,985
2017 $7,809 $18,435 $8,608 $20,964
2016 $7,453 $16,649 $8,089 $18,941
2015 $9,069 $19,479 $7,714 $17,046
2014 $15,549 $27,177 $7,578 $16,140
2013 $16,304 $27,910 $8,162 $16,316
2012 $17,309 $30,012 $8,407 $16,121
2011 $17,198 $27,242 $7,835 $14,975
2010 $13,720 $26,168 $7,626 $14,704
2009 $13,233 $29,722 $7,091 $13,586
2008 $18,211 $30,523 $5,912 $12,416
2007 $12,617 $26,611 $5,125 $11,356
2006 $10,185 $23,511 $4,635 $10,312
2005 $8,674 $22,137 $4,602 $10,020
2004 $4,901 $19,354 $4,601 $9,609
2003 $2,931 $14,496 $4,438 $8,914
2002 $2,264 $13,255 $4,291 $8,586
2001 $1,949 $11,627 $4,010 $8,289
2000 $1,487 $7,420 $3,987 $7,938
1999 $931 $6,470 $4,087 $7,793
1998 $578 $5,280 $4,125 $7,861
1997 $717 $4,387 $3,834 $7,632
1996 $392 $1,793 $3,393 $7,560
1995 $248.3 $1,098 $2,959 $6,796
1994 $183.2 $951 $2,468 $6,367
1993 $256.7 $828 $2,079 $5,871
1992 $263.7 $756 $1,559 $5,279
1991 $225.3 $569 $1,278 $4,527
1990 $236.4 $577 $790 $2,990
1989 $193.2 - $771 -
1988 $228.7 - $959 -
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 (1962–2024, retrieved 2026-04-06).

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Lebanon ranks 123rd at $12,575.

Economic indicators

Equatorial Guinea Lebanon
Gross domestic product
$12.8B
2024
$20.1B
2023
GDP rank
148/197
2024
128/197
2023
GDP growth
0.91%
2023-2024
-0.76%
2022-2023
GDP per capita
$6,745
2024
$3,478
2023
GDP per capita rank
106/197
2024
135/197
2023
GDP per capita, PPP
$17,567
2024
$12,575
2023
GDP per capita PPP rank
106/197
2024
123/197
2023
Government debt
$4.65B
2024
$38.7B
2023
Debt-to-GDP ratio
36.4%
2024
163.8%
2024
Government debt per person
$2,458
2024
$6,704
2023
Government debt per person rank
110/185
2024
70/185
2023
Average annual personal income after taxes
$5,042
2026
$3,560
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires n/a
6
2025
Income share by richest 10%
29.1%
2022
25.1%
2022
Income share by poorest 10%
2.6%
2022
2.8%
2022
Government expenditure, % of GDP
18.5%
2024
16.5%
2024
Consumer prices inflation
3.4%
2023-2024
45.2%
2023-2024
Central bank interest rate n/a
20%
2023
Unemployment rate
8.6%
2014
11.3%
2019
Population
1998075
5906622

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Lebanon
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 16.5% 163.8%
2023 19.2% 39.1% 14.9% 192.8%
2022 14.8% 29.8% 13.4% 244.6%
2021 12.7% 42.3% 10.9% 358%
2020 16.2% 49.4% 23.2% 148.7%
2019 16.8% 43.2% 31.3% 172.1%
2018 19.1% 40.6% 32.3% 155.1%
2017 20.1% 36.2% 30.6% 150%
2016 27.8% 41.1% 28.3% 146.4%
2015 41.6% 31.7% 26.7% 140.8%
2014 31.6% 12.6% 28.8% 138.4%
2013 29.3% 6.27% 28.9% 135.4%
2012 35.2% 7.1% 30.2% 131.1%
2011 27.5% 7.17% 28.8% 134.4%
2010 31.2% 7.89% 29.2% 136.8%
2009 39.8% 4.34% 32.1% 144.5%
2008 19.9% 0.49% 34.3% 161.5%
2007 19.7% 0.75% 35.2% 169.3%
2006 18.1% 1.22% 36.1% 183.3%
2005 14.1% 2.85% 31.4% 178.9%
2004 15.5% 4.54% 33.3% 169.5%
2003 11.8% 6.77% 36.4% 171.3%
2002 11.3% 19.4% 36.8% 163.1%
2001 13.5% 25.5% 38.9% 163.1%
2000 22.6% 36.6% 42.8% 148.1%
1999 18.7% 60.5% 35.6% 130.2%
1998 35.1% 59.2% 34.7% 108.2%
1997 14.8% 46.3% 40.5% 100.2%
1996 22.9% 91.2% 43.6% 101.2%
1995 141.5% 136.9% 31.1% 79.6%
1994 510% 216% 47.3% 71.5%
1993 256.3% 152.6% 23% 50.5%
1992 595% 136.9% 36.1% 51.7%
1991 284.5% 169.5% 35.6% 67.1%
1990 212.9% 157% 40% 99.7%
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 (1985–1999, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 163.8% in Lebanon, ranking 143/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Lebanon
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Lebanon
2024 -0.55% -0.19%
2023 2.39% -1.7%
2022 11.7% -7.77%
2021 2.65% -2.67%
2020 -1.77% -7.37%
2019 1.82% -10.5%
2018 0.52% -11.3%
2017 -2.59% -8.65%
2016 -10.9% -8.88%
2015 -15.1% -7.48%
2014 -7.54% -6.22%
2013 -4.4% -8.82%
2012 -7.24% -8.43%
2011 0.83% -5.94%
2010 -4.53% -7.47%
2009 -6.47% -8.1%
2008 14.6% -9.86%
2007 17.2% -10.9%
2006 21.8% -10.6%
2005 18.5% -8.57%
2004 9.22% -9.83%
2003 9.99% -14%
2002 17.6% -16.2%
2001 14.9% -21%
2000 -2.67% -23.9%
1999 -0.19% -16.7%
1998 -7.65% -17.3%
1997 3.21% -24.5%
1996 -6.36% -25.7%
1995 -123.4% -13.6%
1994 -487% -29.1%
1993 -217.9% -7.19%
1992 -557% -24%
1991 -236% -19.5%
1990 -160.2% -30.2%
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/lebanon | CC BY

In 2023, Equatorial Guinea's government surplus, the difference between spending and revenue, was $294M, equivalent to 2.39% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 34 years, Equatorial Guinea recorded a fiscal deficit in 19 of those years, while Lebanon ran a deficit in 34 years. On average, Equatorial Guinea posted an annual deficit equal to 50.4% of GDP, compared to deficit of 13.1% of GDP for Lebanon.

Inflation comparison by year

Inflation
Equatorial Guinea

Lebanon
1x
Year Consumer prices inflation
Equatorial Guinea Lebanon
2024 3.4% 45.2%
2023 2.4% 221.3%
2022 4.9% 171.2%
2021 -0.1% 154.8%
2020 4.8% 84.9%
2019 1.2% 2.9%
2018 1.3% 6.1%
2017 0.7% 4.5%
2016 1.4% -0.8%
2015 1.7% -3.8%
2014 4.3% 1.1%
2013 3.2% 5.6%
2012 3.4% 6.6%
2011 4.8% 5%
2010 5.3% 4%
2009 5.7% 1.2%
2008 4.7% 10.7%
2007 2.8% 4.1%
2006 4.5% 4.1%
2005 5.6% -1.4%
2004 4.2% 1.7%
2003 7.3% 1.3%
2002 7.6% 1.8%
2001 8.7% -0.4%
2000 4.8% -0.4%
1999 0.4% 0.2%
1998 7.9% 4.5%
1997 3% 7.7%

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

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

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 26.6% in Lebanon. In 2024, inflation was 3.4% in Equatorial Guinea and 45.2% in Lebanon.

Top exports between countries

Equatorial Guinea
Export category Export value
Wood & paper products $83K
Lebanon
Export category Export value
Raw materials & minerals $1.08M
Textiles & consumer goods $654K
Metals $636K
Processed food, beverages & tobacco $420K
Chemicals & pharma $384K
Machinery & equipment $337K
Animal & marine products $227K
Wood & paper products $22K
Raw agricultural goods $11K
Precious metals & jewellery $3K

Balance of trade

Equatorial Guinea Lebanon
Current account balance
-$344M
1996
-$5.64B
2023
Current account balance ranking
101/190
1996
168/190
2023
Current account balance, % of GDP
-148%
1996
-28.1%
2023
Goods imports
$292M
1996
$16.7B
2023
Goods exports
$175M
1996
$3.85B
2023
Service imports
$185M
1996
$6.63B
2023
Service exports
$4.88M
1996
$7.92B
2023
Imports of goods and services, % of GDP
25.4%
2024
73.7%
2023
Exports of goods and services, % of GDP
35.2%
2024
30.6%
2023

Economic freedom indices

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

Equatorial Guinea Lebanon
Economic freedom 47.4 43.1
Economic freedom ranking 175/197 183/197
Property rights 16.9 21.8
Government integrity 6.9 23.4
Judicial effectiveness 7.2 23.8
Tax burden 81 90.3
Government spending 90.8 93.3
Fiscal health 97.3 63.4
Business freedom 35.9 47.6
Labor freedom 45.2 48.4
Monetary freedom 73.5 0
Trade freedom 43.6 65.6
Investment freedom 40 20
Financial freedom 30 20

Economic freedom comparison by year

Equatorial Guinea
Lebanon
1x
Year Economic freedom index
Equatorial Guinea Lebanon
2026 47.4 43.1
2025 47.7 44.1
2024 47.7 48.3
2023 48.3 45.6
2022 47.2 47.3
2021 49.2 51.4
2020 48.3 51.7
2019 41 51.1
2018 42 53.2
2017 45 53.3
2016 43.7 59.5
2015 40.4 59.3
2014 44.4 59.4
2013 42.3 59.5
2012 42.8 60.1
2011 47.5 60.1
2010 48.6 59.5
2009 51.3 58.1
2008 51.6 60
2007 53.2 60.4
2006 51.5 57.5
2005 53.3 57.2
2004 53.3 56.9
2003 53.1 56.7
2002 46.4 57.1
2001 47.9 61
2000 45.6 56.1
1999 45.1 59.1
1998 - 59
1997 - 63.9
1996 - 63.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Lebanon
Services, % of GDP
51.1%
2024
42.4%
2023
Industry, % of GDP
45.8%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
0.97%
2023
GNI, Atlas method
$8.96B
2024
$21.4B
2023
GNI per capita, PPP
$12,330
2024
$12,420
2023
Total reserves including gold
$1.54B
2023
$33.3B
2024
Total reserves ranking
134/177
2023
54/177
2024
Net foreign direct investment
-$376M
1996
-$583M
2023
Net inflows of foreign direct investment
$188M
2024
$1.84B
2024
Net outflows of foreign direct investment
$154M
2024
$391M
2024
Servicing debt to the IMF, % of GNI n/a
22%
2023
Poverty at national poverty lines
50.7%
2022
27.4%
2012
Gross capital formation, % of GDP
8.96%
2024
1.9%
2023

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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, 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 (1985–1999, retrieved 2026-02-20)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2014, retrieved 2026-02-20)

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.