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Economy of Equatorial Guinea vs Malaysia compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $472B for Malaysia, ranking 150/197 and 35/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $334B (70.7% of GDP) in Malaysia.

Equatorial Guinea vs Malaysia GDP by year

Equatorial Guinea
Malaysia
1x
Year GDP, current $
Equatorial Guinea Malaysia
2025 $12,823,210,426 $472,193,128,645
2024 $13,254,388,261 $422,227,005,429
2023 $12,541,814,273 $399,949,418,753
2022 $13,687,643,436 $407,830,525,990
2021 $12,215,878,033 $373,784,553,030
2020 $9,893,816,008 $337,456,163,961
2019 $11,364,133,550 $365,177,721,022
2018 $13,097,012,134 $358,788,845,713
2017 $12,200,913,879 $319,109,094,160
2016 $11,240,808,848 $301,256,033,870
2015 $13,185,496,881 $301,355,266,965
2014 $21,765,453,082 $338,066,095,097
2013 $21,948,834,284 $323,276,235,524
2012 $22,388,344,144 $314,443,047,642
2011 $21,357,343,669 $297,951,668,675
2010 $16,314,443,436 $255,017,638,456
2009 $15,027,795,173 $202,257,453,037
2008 $19,749,893,536 $230,811,614,370
2007 $13,071,718,759 $193,549,569,478
2006 $10,086,528,699 $162,692,258,307
2005 $8,217,369,093 $143,534,405,819
2004 $4,410,764,339 $124,749,473,684
2003 $2,484,745,935 $110,202,368,421
2002 $1,806,742,742 $100,845,526,316
2001 $1,461,139,022 $92,783,947,368
2000 $1,045,998,496 $93,789,736,842
1999 $621,117,886 $79,148,421,053
1998 $370,687,634 $72,167,498,981
1997 $442,337,871 $100,005,323,302
1996 $232,463,023 $100,855,393,910
1995 $141,853,361 $88,705,342,903
1994 $100,807,003 $74,478,356,958
1993 $136,047,906 $66,894,966,969
1992 $134,707,184 $59,167,550,163
1991 $110,906,029 $49,143,148,094
1990 $112,119,411 $44,024,585,240
1989 $88,265,975 $38,847,965,293
1988 $100,534,657 $35,272,109,220
1987 $93,345,860 $32,181,210,158
1986 $76,407,396 $27,734,111,400
1985 $62,118,570 $31,199,633,353
1984 $50,320,914 $33,942,897,422
1983 $44,442,457 $30,347,442,111
1982 $44,294,648 $26,804,493,635
1981 $36,731,423 $25,004,285,792
1980 $50,642,881 $24,488,224,677
1979 - $21,213,264,962
1978 - $16,358,079,862
1977 $103,987,520 $13,139,488,633
1976 $103,653,050 $11,050,234,599
1975 $104,295,643 $9,298,800,799
1974 $94,159,863 $9,496,204,302
1973 $81,203,227 $7,662,902,678
1972 $65,429,198 $5,043,347,250
1971 $64,946,955 $4,244,395,956
1970 $66,331,429 $3,864,145,667
1969 $67,225,714 $3,664,552,041
1968 $67,514,286 $3,330,371,551
1967 $72,317,447 $3,188,924,677
1966 $69,110,000 $3,143,517,944
1965 $64,748,333 $2,956,337,669
1964 $51,915,000 $2,674,423,922
1963 $44,266,667 $2,510,110,348
1962 $37,253,333 $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Equatorial Guinea vs Malaysia by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $13,125 -
2024 $7,004 $17,567 $11,874 $38,779
2023 $6,788 $17,412 $11,386 $36,467
2022 $7,589 $18,140 $11,755 $34,420
2021 $6,946 $16,821 $10,903 $29,823
2020 $5,764 $13,677 $9,958 $27,475
2019 $6,804 $16,451 $10,920 $28,934
2018 $8,102 $18,413 $10,902 $27,794
2017 $7,809 $18,435 $9,863 $26,416
2016 $7,453 $16,649 $9,477 $25,286
2015 $9,069 $19,479 $9,649 $24,526
2014 $15,549 $27,177 $11,013 $24,307
2013 $16,304 $27,910 $10,714 $23,161
2012 $17,309 $30,012 $10,601 $22,639
2011 $17,198 $27,242 $10,217 $21,324
2010 $13,720 $26,168 $8,899 $20,193
2009 $13,233 $29,722 $7,191 $18,923
2008 $18,211 $30,523 $8,372 $19,480
2007 $12,617 $26,611 $7,169 $18,617
2006 $10,185 $23,511 $6,158 $17,426
2005 $8,674 $22,137 $5,556 $16,371
2004 $4,901 $19,354 $4,939 $15,416
2003 $2,931 $14,496 $4,465 $14,387
2002 $2,264 $13,255 $4,184 $13,656
2001 $1,949 $11,627 $3,944 $13,072
2000 $1,487 $7,420 $4,084 $13,027
1999 $931 $6,470 $3,528 $11,980
1998 $578 $5,280 $3,294 $11,398
1997 $717 $4,387 $4,679 $12,469
1996 $392 $1,793 $4,837 $11,709
1995 $248.3 $1,098 $4,363 $10,720
1994 $183.2 $951 $3,758 $9,806
1993 $256.7 $828 $3,462 $9,018
1992 $263.7 $756 $3,141 $8,224
1991 $225.3 $569 $2,679 $7,583
1990 $236.4 $577 $2,469 $6,887
1989 $193.2 - $2,244 -
1988 $228.7 - $2,100 -
1987 $220.9 - $1,977 -
1986 $188.8 - $1,760 -
1985 $161.1 - $2,046 -
1984 $137.9 - $2,300 -
1983 $129.4 - $2,124 -
1982 $137.5 - $1,938 -
1981 $121.1 - $1,866 -
1980 $175.5 - $1,886 -
1979 - - $1,680 -
1978 - - $1,327 -
1977 $376 - $1,092 -
1976 $369 - $940 -
1975 $362 - $811 -
1974 $319 - $848 -
1973 $268.6 - $701 -
1972 $211.4 - $472 -
1971 $205.6 - $407 -
1970 $206.8 - $380 -
1969 $208.4 - $368 -
1968 $211.7 - $342 -
1967 $231.9 - $335 -
1966 $226.7 - $339 -
1965 $217.1 - $326 -
1964 $177.8 - $303 -
1963 $154.8 - $291.8 -
1962 $132.9 - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $13,125 in Malaysia, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Malaysia ranks 60th at $38,779.

Economic indicators

Equatorial Guinea Malaysia
Gross domestic product
$12.8B
2025
$472B
2025
GDP rank
150/197
2025
35/197
2025
GDP growth
-5.85%
2024-2025
5.17%
2024-2025
GDP per capita
$6,615
2025
$13,125
2025
GDP per capita rank
107/197
2025
78/197
2025
GDP per capita, PPP
$17,567
2024
$38,779
2024
GDP per capita PPP rank
106/197
2024
60/197
2024
Government debt
$5.21B
2025
$334B
2025
Debt-to-GDP ratio
40.6%
2025
70.7%
2025
Government debt per person
$2,686
2025
$9,273
2025
Government debt per person rank
109/185
2025
62/185
2025
Average annual personal income after taxes
$4,723
2026
$11,034
2026
Market capitalization of domestic companies n/a
$487B
2025
Number of billionaires n/a
19
2026
Income share by richest 10%
29.1%
2022
30.9%
2021
Income share by poorest 10%
2.6%
2022
2.3%
2021
Government expenditure, % of GDP
20.7%
2025
23.4%
2025
Consumer prices inflation
2.8%
2024-2025
1.38%
2024-2025
Central bank interest rate n/a
2.75%
2025
Unemployment rate
8.6%
2014
3.9%
2022
Population
2008950
36600906

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Malaysia
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 23.4% 70.7%
2024 18.5% 36.4% 24% 69.8%
2023 19.2% 39.1% 25% 69.7%
2022 14.8% 29.8% 24.6% 65.5%
2021 12.7% 42.3% 24.5% 69.2%
2020 16.2% 49.4% 25% 67.7%
2019 16.8% 43.2% 23.6% 57.1%
2018 19.1% 40.6% 22.8% 55.6%
2017 20.1% 36.2% 22% 54.4%
2016 27.8% 41.1% 22.9% 55.8%
2015 41.6% 31.7% 24.7% 57%
2014 31.6% 12.6% 26% 55.4%
2013 29.3% 6.27% 27.8% 55.7%
2012 35.2% 7.1% 28.5% 53.8%
2011 27.5% 7.17% 27.1% 51.9%
2010 31.2% 7.89% 26.6% 51.2%
2009 39.8% 4.34% 30.9% 50.4%
2008 19.9% 0.49% 26.9% 39.4%
2007 19.7% 0.75% 25.9% 39.3%
2006 18.1% 1.22% 25.6% 39.7%
2005 14.1% 2.85% 24.5% 40.8%
2004 15.5% 4.54% 25.9% 42%
2003 11.8% 6.77% 28.1% 41.4%
2002 11.3% 19.4% 27.1% 39.5%
2001 13.5% 25.5% 28.2% 38.1%
2000 22.6% 36.6% 25.6% 32.5%
1999 18.7% 60.5% 24.6% 34.4%
1998 35.1% 59.2% 23.1% 33.6%
1997 14.8% 46.3% 21.2% 29.6%
1996 22.9% 91.2% 22.4% 32.8%
1995 141.5% 136.9% 22.6% 38.2%
1994 510% 216% 23.3% 43.7%
1993 256.3% 152.6% 24.6% 51.1%
1992 595% 136.9% 28.2% 59.1%
1991 284.5% 169.5% 27.4% 67.3%
1990 212.9% 157% 30.5% 74.1%
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/malaysia | CC BY

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Malaysia spent $111B, or 23.4% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 70.7% in Malaysia, ranking 132/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Malaysia
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Malaysia
2025 -2.55% -3.54%
2024 -0.55% -3.45%
2023 2.39% -4.11%
2022 11.7% -4.56%
2021 2.65% -6.03%
2020 -1.77% -4.9%
2019 1.82% -2.01%
2018 0.52% -2.64%
2017 -2.59% -2.41%
2016 -10.9% -2.6%
2015 -15.1% -2.55%
2014 -7.54% -2.63%
2013 -4.4% -3.48%
2012 -7.24% -3.1%
2011 0.83% -3.57%
2010 -4.53% -4.32%
2009 -6.47% -5.88%
2008 14.6% -3.4%
2007 17.2% -2.57%
2006 21.8% -2.6%
2005 18.5% -2.83%
2004 9.22% -3.35%
2003 9.99% -4.6%
2002 17.6% -3.96%
2001 14.9% -4.36%
2000 -2.67% -6.05%
1999 -0.19% -3%
1998 -7.65% -0.63%
1997 3.21% 4.84%
1996 -6.36% 3.27%
1995 -123.4% 3.1%
1994 -487% 5.45%
1993 -217.9% 3.44%
1992 -557% 1.81%
1991 -236% 1.6%
1990 -160.2% 0.15%
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/malaysia | 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 Malaysia's deficit of $16.7B, or 3.54% of GDP.

Over the past 36 years, Equatorial Guinea recorded a fiscal deficit in 21 of those years, while Malaysia ran a deficit in 28 years. On average, Equatorial Guinea posted an annual deficit equal to 47.7% of GDP, compared to deficit of 2.1% of GDP for Malaysia.

Inflation comparison by year

Inflation
Equatorial Guinea

Malaysia
1x
Year Consumer prices inflation
Equatorial Guinea Malaysia
2025 2.8% 1.38%
2024 3.4% 1.83%
2023 2.4% 2.49%
2022 4.9% 3.38%
2021 -0.1% 2.48%
2020 4.8% -1.14%
2019 1.2% 0.66%
2018 1.3% 0.88%
2017 0.7% 3.87%
2016 1.4% 2.09%
2015 1.7% 2.1%
2014 4.3% 3.14%
2013 3.2% 2.11%
2012 3.4% 1.66%
2011 4.8% 3.17%
2010 5.3% 1.62%
2009 5.7% 0.58%
2008 4.7% 5.44%
2007 2.8% 2.03%
2006 4.5% 3.61%
2005 5.6% 2.98%
2004 4.2% 1.42%
2003 7.3% 1.09%
2002 7.6% 1.81%
2001 8.7% 1.42%
2000 4.8% 1.53%
1999 0.4% 2.74%
1998 7.9% 5.27%
1997 3% 2.66%

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/malaysia | CC BY

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 2.22% in Malaysia. In 2025, inflation was 2.8% in Equatorial Guinea and 1.38% in Malaysia.

Top exports between countries

Equatorial Guinea
Export category Export value
Machinery & equipment $1K
Malaysia
Export category Export value
Processed food, beverages & tobacco $9.53M
Raw materials & minerals $1.4M
Machinery & equipment $1.36M
Animal & marine products $1.24M
Textiles & consumer goods $817K
Chemicals & pharma $319K
Metals $115K
Miscellaneous $6K
Raw agricultural goods $1K
Wood & paper products $1K

Balance of trade

Equatorial Guinea Malaysia
Current account balance
-$344M
1996
$7.15B
2024
Current account balance ranking
98/190
1996
29/190
2024
Current account balance, % of GDP
-148%
1996
+1.69%
2024
Goods imports
$292M
1996
$223B
2024
Goods exports
$175M
1996
$248B
2024
Service imports
$185M
1996
$56.4B
2024
Service exports
$4.88M
1996
$53.4B
2024
Imports of goods and services, % of GDP
28.4%
2025
65.4%
2025
Exports of goods and services, % of GDP
46.5%
2025
71%
2025

Economic freedom indices

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

Equatorial Guinea Malaysia
Economic freedom 47.4 68
Economic freedom ranking 175/197 51/197
Property rights 16.9 62.7
Government integrity 6.9 52.9
Judicial effectiveness 7.2 63.4
Tax burden 81 83.5
Government spending 90.8 82
Fiscal health 97.3 62.5
Business freedom 35.9 79.6
Labor freedom 45.2 55.4
Monetary freedom 73.5 80.8
Trade freedom 43.6 83
Investment freedom 40 60
Financial freedom 30 50

Economic freedom comparison by year

Equatorial Guinea
Malaysia
1x
Year Economic freedom index
Equatorial Guinea Malaysia
2026 47.4 68
2025 47.7 67.1
2024 47.7 65.7
2023 48.3 67.3
2022 47.2 68.1
2021 49.2 74.4
2020 48.3 74.7
2019 41 74
2018 42 74.5
2017 45 73.8
2016 43.7 71.5
2015 40.4 70.8
2014 44.4 69.6
2013 42.3 66.1
2012 42.8 66.4
2011 47.5 66.3
2010 48.6 64.8
2009 51.3 64.6
2008 51.6 63.9
2007 53.2 63.8
2006 51.5 61.6
2005 53.3 61.9
2004 53.3 59.9
2003 53.1 61.1
2002 46.4 60.1
2001 47.9 60.2
2000 45.6 66
1999 45.1 68.9
1998 - 68.2
1997 - 66.8
1996 - 69.9
1995 - 71.9

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Malaysia
Services, % of GDP
55.5%
2025
54.8%
2025
Industry, % of GDP
41.4%
2025
35.7%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
8.22%
2025
GNI, Atlas method
$11.4B
2025
$445B
2025
GNI per capita, PPP
$14,610
2025
$40,070
2025
Total reserves including gold
$1.08B
2024
$126B
2025
Total reserves ranking
141/177
2024
25/177
2025
Net foreign direct investment
-$376M
1996
-$2.55B
2024
Net inflows of foreign direct investment
$188M
2024
$15.6B
2024
Net outflows of foreign direct investment
$154M
2024
$13B
2024
Poverty at national poverty lines
50.7%
2022
5.1%
2023
Gross capital formation, % of GDP
-3.68%
2025
20.5%
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/malaysia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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. 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. 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.