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Economy of Equatorial Guinea vs Maldives compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $7.74B for Maldives, ranking 150/197 and 159/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $9.71B (125.4% of GDP) in Maldives.

Equatorial Guinea vs Maldives GDP by year

Equatorial Guinea
Maldives
1x
Year GDP, current $
Equatorial Guinea Maldives
2025 $12,823,210,426 $7,741,066,861
2024 $13,254,388,261 $7,061,608,267
2023 $12,541,814,273 $6,621,008,704
2022 $13,687,643,436 $6,177,123,352
2021 $12,215,878,033 $5,252,457,370
2020 $9,893,816,008 $3,712,604,583
2019 $11,364,133,550 $5,726,094,799
2018 $13,097,012,134 $5,404,344,163
2017 $12,200,913,879 $4,816,426,257
2016 $11,240,808,848 $4,409,942,624
2015 $13,185,496,881 $4,129,505,319
2014 $21,765,453,082 $3,697,353,039
2013 $21,948,834,284 $3,295,009,238
2012 $22,388,344,144 $2,886,163,997
2011 $21,357,343,669 $2,774,350,240
2010 $16,314,443,436 $2,588,176,055
2009 $15,027,795,173 $2,345,294,875
2008 $19,749,893,536 $2,271,646,188
2007 $13,071,718,759 $1,868,383,461
2006 $10,086,528,699 $1,575,200,391
2005 $8,217,369,093 $1,163,362,438
2004 $4,410,764,339 $1,226,829,563
2003 $2,484,745,935 $1,052,121,055
2002 $1,806,742,742 $897,031,250
2001 $1,461,139,022 $870,031,677
2000 $1,045,998,496 $624,337,145
1999 $621,117,886 $589,239,754
1998 $370,687,634 $540,096,398
1997 $442,337,871 $508,223,602
1996 $232,463,023 $450,382,328
1995 $141,853,361 $398,988,955
1994 $100,807,003 $356,014,932
1993 $136,047,906 $322,417,837
1992 $134,707,184 $284,875,809
1991 $110,906,029 $244,396,762
1990 $112,119,411 $215,043,970
1989 $88,265,975 $189,514,434
1988 $100,534,657 $168,514,513
1987 $93,345,860 $141,223,029
1986 $76,407,396 $141,882,254
1985 $62,118,570 $127,190,758
1984 $50,320,914 $109,503,546
1983 $44,442,457 $57,829,787
1982 $44,294,648 $47,911,340
1981 $36,731,423 $44,781,457
1980 $50,642,881 $42,463,576
1979 - $38,523,364
1978 - $24,369,109
1977 $103,987,520 $20,853,789
1976 $103,653,050 $22,399,467
1975 $104,295,643 $24,540,878
1974 $94,159,863 $39,120,171
1973 $81,203,227 $30,862,042
1972 $65,429,198 $25,177,138
1971 $64,946,955 $21,566,404
1970 $66,331,429 $19,328,038
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/maldives | CC BY

GDP per capita in Equatorial Guinea vs Maldives by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $14,615 -
2024 $7,004 $17,567 $13,379 $26,183
2023 $6,788 $17,412 $12,588 $24,786
2022 $7,589 $18,140 $11,786 $22,881
2021 $6,946 $16,821 $10,176 $19,053
2020 $5,764 $13,677 $7,394 $13,425
2019 $6,804 $16,451 $11,740 $23,077
2018 $8,102 $18,413 $11,423 $21,899
2017 $7,809 $18,435 $10,510 $19,768
2016 $7,453 $16,649 $9,948 $18,770
2015 $9,069 $19,479 $9,645 $17,875
2014 $15,549 $27,177 $8,939 $16,723
2013 $16,304 $27,910 $8,236 $15,264
2012 $17,309 $30,012 $7,461 $13,989
2011 $17,198 $27,242 $7,425 $13,726
2010 $13,720 $26,168 $7,174 $12,797
2009 $13,233 $29,722 $6,734 $12,266
2008 $18,211 $30,523 $6,757 $13,779
2007 $12,617 $26,611 $5,758 $12,852
2006 $10,185 $23,511 $5,019 $12,075
2005 $8,674 $22,137 $3,797 $9,704
2004 $4,901 $19,354 $4,070 $10,770
2003 $2,931 $14,496 $3,549 $10,065
2002 $2,264 $13,255 $3,076 $8,823
2001 $1,949 $11,627 $3,034 $8,236
2000 $1,487 $7,420 $2,214 $8,526
1999 $931 $6,470 $2,124 $8,162
1998 $578 $5,280 $1,980 $7,710
1997 $717 $4,387 $1,898 $7,226
1996 $392 $1,793 $1,717 $6,687
1995 $248.3 $1,098 $1,555 $6,223
1994 $183.2 $951 $1,419 $5,520
1993 $256.7 $828 $1,317 $5,138
1992 $263.7 $756 $1,194 $4,881
1991 $225.3 $569 $1,054 $4,604
1990 $236.4 $577 $957 $4,528
1989 $193.2 - $870 -
1988 $228.7 - $799 -
1987 $220.9 - $692 -
1986 $188.8 - $720 -
1985 $161.1 - $669 -
1984 $137.9 - $594 -
1983 $129.4 - $323 -
1982 $137.5 - $274.8 -
1981 $121.1 - $264.1 -
1980 $175.5 - $257.6 -
1979 - - $240.2 -
1978 - - $156.1 -
1977 $376 - $137.3 -
1976 $369 - $151.8 -
1975 $362 - $171.4 -
1974 $319 - $281.5 -
1973 $268.6 - $228.7 -
1972 $211.4 - $192.2 -
1971 $205.6 - $169.8 -
1970 $206.8 - $156.9 -
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/maldives | CC BY

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $14,615 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Maldives ranks 81st at $26,183.

Economic indicators

Equatorial Guinea Maldives
Gross domestic product
$12.8B
2025
$7.74B
2025
GDP rank
150/197
2025
159/197
2025
GDP growth
-5.85%
2024-2025
6.31%
2024-2025
GDP per capita
$6,615
2025
$14,615
2025
GDP per capita rank
107/197
2025
75/197
2025
GDP per capita, PPP
$17,567
2024
$26,183
2024
GDP per capita PPP rank
106/197
2024
81/197
2024
Government debt
$5.21B
2025
$9.71B
2025
Debt-to-GDP ratio
40.6%
2025
125.4%
2025
Government debt per person
$2,686
2025
$18,329
2025
Government debt per person rank
109/185
2025
35/185
2025
Average annual personal income after taxes
$4,723
2026
$9,733
2026
Income share by richest 10%
29.1%
2022
23.3%
2019
Income share by poorest 10%
2.6%
2022
3.8%
2019
Government expenditure, % of GDP
20.7%
2025
36.5%
2025
Consumer prices inflation
2.8%
2024-2025
3.5%
2024-2025
Unemployment rate
8.6%
2014
4.56%
2019
Population
2008950
532468

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Maldives
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 36.5% 125.4%
2024 18.5% 36.4% 43.9% 133.3%
2023 19.2% 39.1% 46.7% 122.4%
2022 14.8% 29.8% 42% 111.6%
2021 12.7% 42.3% 40.6% 123.4%
2020 16.2% 49.4% 50.4% 155.7%
2019 16.8% 43.2% 32.9% 77.2%
2018 19.1% 40.6% 31.9% 70.7%
2017 20.1% 36.2% 30.4% 63.8%
2016 27.8% 41.1% 37.3% 61.9%
2015 41.6% 31.7% 33.8% 54.8%
2014 31.6% 12.6% 29.1% 55.1%
2013 29.3% 6.27% 27% 55.9%
2012 35.2% 7.1% 29.8% 57.1%
2011 27.5% 7.17% 31.3% 51.9%
2010 31.2% 7.89% 33.2% 52.7%
2009 39.8% 4.34% 37% 48.4%
2008 19.9% 0.49% 35.6% 39%
2007 19.7% 0.75% 34.8% 35.8%
2006 18.1% 1.22% 35% 36.8%
2005 14.1% 2.85% 38.8% 43.2%
2004 15.5% 4.54% 24.1% 34.7%
2003 11.8% 6.77% 26.4% 37.6%
2002 11.3% 19.4% 29.6% 44.3%
2001 13.5% 25.5% 29.6% 41.8%
2000 22.6% 36.6% 29% 39%
1999 18.7% 60.5% 28% 38.9%
1998 35.1% 59.2% 25.9% 39.3%
1997 14.8% 46.3% 25.2% 38.1%
1996 22.9% 91.2% 27.3% 46.9%
1995 141.5% 136.9% 31.3% 52.2%
1994 510% 216% 30.7% 54.6%
1993 256.3% 152.6% 34.7% 55.7%
1992 595% 136.9% 36.1% 49%
1991 284.5% 169.5% 37.7% 46.7%
1990 212.9% 157% 33.3% 42.4%
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 (1985–1996, retrieved 2026-07-08).

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

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Maldives spent $2.83B, or 36.5% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 125.4% in Maldives, ranking 132/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Maldives
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Maldives
2025 -2.55% -2.94%
2024 -0.55% -11.6%
2023 2.39% -13.2%
2022 11.7% -11.2%
2021 2.65% -14.2%
2020 -1.77% -23.7%
2019 1.82% -6.54%
2018 0.52% -5.17%
2017 -2.59% -3.02%
2016 -10.9% -9.93%
2015 -15.1% -6.52%
2014 -7.54% -2.42%
2013 -4.4% -3.49%
2012 -7.24% -6.91%
2011 0.83% -8.13%
2010 -4.53% -13.6%
2009 -6.47% -17.9%
2008 14.6% -9.92%
2007 17.2% -3.16%
2006 21.8% -4.52%
2005 18.5% -7.81%
2004 9.22% -2.26%
2003 9.99% -3.45%
2002 17.6% -3.97%
2001 14.9% -3.97%
2000 -2.67% -3.89%
1999 -0.19% -3.03%
1998 -7.65% -2.25%
1997 3.21% -1.46%
1996 -6.36% -2.01%
1995 -123.4% -5.66%
1994 -487% -4.82%
1993 -217.9% -13.9%
1992 -557% -12.6%
1991 -236% -10.2%
1990 -160.2% -12.8%
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/maldives | 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 Maldives' deficit of $228M, or 2.94% of GDP.

Over the past 36 years, Equatorial Guinea recorded a fiscal deficit in 21 of those years, while Maldives ran a deficit in 36 years. On average, Equatorial Guinea posted an annual deficit equal to 47.7% of GDP, compared to deficit of 7.56% of GDP for Maldives.

Inflation comparison by year

Inflation
Equatorial Guinea

Maldives
1x
Year Consumer prices inflation
Equatorial Guinea Maldives
2025 2.8% 3.5%
2024 3.4% 1.4%
2023 2.4% 2.6%
2022 4.9% 2.6%
2021 -0.1% 0.2%
2020 4.8% -1.6%
2019 1.2% 1.3%
2018 1.3% 1.4%
2017 0.7% 2.3%
2016 1.4% 0.8%
2015 1.7% 1.4%
2014 4.3% 2.4%
2013 3.2% 4%
2012 3.4% 10.9%
2011 4.8% 11.3%
2010 5.3% 6.1%
2009 5.7% 4.5%
2008 4.7% 12%
2007 2.8% 6.8%
2006 4.5% 3.5%
2005 5.6% 2.5%
2004 4.2% 6.3%
2003 7.3% -2.8%
2002 7.6% 0.9%
2001 8.7% 0.7%
2000 4.8% -1.2%
1999 0.4% 3%
1998 7.9% -1.4%
1997 3% 7.6%

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

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

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 3.21% in Maldives. In 2025, inflation was 2.8% in Equatorial Guinea and 3.5% in Maldives.

Balance of trade

Equatorial Guinea Maldives
Current account balance
-$344M
1996
-$1.32B
2024
Current account balance ranking
98/190
1996
126/190
2024
Current account balance, % of GDP
-148%
1996
-18.7%
2024
Goods imports
$292M
1996
$3.46B
2024
Goods exports
$175M
1996
$383M
2024
Service imports
$185M
1996
$1.89B
2024
Service exports
$4.88M
1996
$5.03B
2024
Imports of goods and services, % of GDP
28.4%
2025
78.3%
2024
Exports of goods and services, % of GDP
46.5%
2025
78.2%
2024

Economic freedom indices

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

Equatorial Guinea Maldives
Economic freedom 47.4 47.6
Economic freedom ranking 175/197 174/197
Property rights 16.9 52.2
Government integrity 6.9 41.9
Judicial effectiveness 7.2 39.3
Tax burden 81 89.9
Government spending 90.8 39.5
Fiscal health 97.3 0
Business freedom 35.9 49.7
Labor freedom 45.2 54.1
Monetary freedom 73.5 76.4
Trade freedom 43.6 62.8
Investment freedom 40 35
Financial freedom 30 30

Economic freedom comparison by year

Equatorial Guinea
Maldives
1x
Year Economic freedom index
Equatorial Guinea Maldives
2026 47.4 47.6
2025 47.7 48.3
2024 47.7 47.8
2023 48.3 46.6
2022 47.2 47.3
2021 49.2 55.2
2020 48.3 56.5
2019 41 53.2
2018 42 51.1
2017 45 50.3
2016 43.7 53.9
2015 40.4 53.4
2014 44.4 51
2013 42.3 49
2012 42.8 49.2
2011 47.5 48.3
2010 48.6 49
2009 51.3 51.3
2008 51.6 -
2007 53.2 -
2006 51.5 -
2005 53.3 -
2004 53.3 -
2003 53.1 -
2002 46.4 -
2001 47.9 -
2000 45.6 -
1999 45.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Maldives
Services, % of GDP
55.5%
2025
69.9%
2025
Industry, % of GDP
41.4%
2025
9.33%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
4.59%
2025
GNI, Atlas method
$11.4B
2025
$6.86B
2025
GNI per capita, PPP
$14,610
2025
$25,600
2025
Total reserves including gold
$1.08B
2024
$985M
2025
Total reserves ranking
141/177
2024
143/177
2025
Net foreign direct investment
-$376M
1996
-$806M
2024
Net inflows of foreign direct investment
$188M
2024
$806M
2024
Net outflows of foreign direct investment
$154M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
8.02%
2024
Poverty at national poverty lines
50.7%
2022
15%
2020
Gross capital formation, % of GDP
-3.68%
2025
30.8%
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/maldives | 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 (1999–2026, 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 (1985–1996, retrieved 2026-07-08)
  6. Central Intelligence Agency (CIA) (2014–2020, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.