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Economy of Equatorial Guinea vs Malta compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $25B for Malta, ranking 148/197 and 119/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Equatorial Guinea vs Malta GDP by year

Equatorial Guinea
Malta
1x
Year GDP, current $
Equatorial Guinea Malta
2024 $12,765,777,677 $24,971,574,502
2023 $12,337,550,584 $22,610,561,526
2022 $13,687,643,436 $18,928,276,162
2021 $12,215,878,033 $19,739,875,611
2020 $9,893,816,008 $16,404,663,226
2019 $11,364,133,550 $16,337,793,531
2018 $13,097,012,134 $16,153,779,511
2017 $12,200,913,879 $14,161,366,724
2016 $11,240,808,848 $12,025,782,834
2015 $13,185,496,881 $11,340,795,042
2014 $21,765,453,082 $11,888,032,874
2013 $21,948,834,284 $10,796,782,636
2012 $22,388,344,144 $9,609,532,089
2011 $21,357,343,669 $9,789,361,703
2010 $16,314,443,436 $9,097,044,159
2009 $15,027,795,173 $8,734,745,698
2008 $19,749,893,536 $9,135,419,465
2007 $13,071,718,759 $7,908,412,306
2006 $10,086,528,699 $6,749,838,806
2005 $8,217,369,093 $6,393,234,993
2004 $4,410,764,339 $6,104,141,520
2003 $2,484,745,935 $5,418,315,224
2002 $1,806,742,742 $4,455,127,414
2001 $1,461,139,022 $4,070,867,133
2000 $1,045,998,496 $4,036,809,815
1999 $621,117,886 $4,111,857,809
1998 $370,687,634 $4,010,111,688
1997 $442,337,871 $3,787,023,707
1996 $232,463,023 $3,822,547,197
1995 $141,853,361 $3,709,396,045
1994 $100,807,003 $2,998,505,428
1993 $136,047,906 $2,709,193,538
1992 $134,707,184 $3,021,942,759
1991 $110,906,029 $2,750,216,747
1990 $112,119,411 $2,547,328,748
1989 $88,265,975 $2,118,655,677
1988 $100,534,657 $2,019,503,068
1987 $93,345,860 $1,751,293,461
1986 $76,407,396 $1,435,038,441
1985 $62,118,570 $1,117,797,439
1984 $50,320,914 $1,101,807,023
1983 $44,442,457 $1,165,729,707
1982 $44,294,648 $1,234,474,404
1981 $36,731,423 $1,243,509,394
1980 $50,642,881 $1,250,198,601
1979 - $1,001,288,847
1978 - $793,673,402
1977 $103,987,520 $625,563,171
1976 $103,653,050 $527,936,989
1975 $104,295,643 $474,618,321
1974 $94,159,863 $376,081,124
1973 $81,203,227 $345,616,106
1972 $65,429,198 $295,106,628
1971 $64,946,955 $264,578,485
1970 $66,331,429 $250,728,796
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/malta | CC BY

GDP per capita in Equatorial Guinea vs Malta by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $43,899 $69,864
2023 $6,678 $17,412 $40,906 $67,057
2022 $7,589 $18,140 $35,639 $60,589
2021 $6,946 $16,821 $38,097 $56,852
2020 $5,764 $13,677 $31,823 $49,972
2019 $6,804 $16,451 $32,422 $51,393
2018 $8,102 $18,413 $33,382 $48,178
2017 $7,809 $18,435 $30,317 $45,764
2016 $7,453 $16,649 $26,459 $41,000
2015 $9,069 $19,479 $25,530 $38,369
2014 $15,549 $27,177 $27,425 $35,206
2013 $16,304 $27,910 $25,416 $33,138
2012 $17,309 $30,012 $22,878 $30,716
2011 $17,198 $27,242 $23,517 $29,426
2010 $13,720 $26,168 $21,947 $28,909
2009 $13,233 $29,722 $21,176 $26,782
2008 $18,211 $30,523 $22,315 $26,654
2007 $12,617 $26,611 $19,444 $25,012
2006 $10,185 $23,511 $16,654 $23,219
2005 $8,674 $22,137 $15,831 $22,227
2004 $4,901 $19,354 $15,212 $21,566
2003 $2,931 $14,496 $13,594 $20,813
2002 $2,264 $13,255 $11,251 $19,532
2001 $1,949 $11,627 $10,358 $18,435
2000 $1,487 $7,420 $10,348 $18,214
1999 $931 $6,470 $10,609 $16,898
1998 $578 $5,280 $10,408 $16,219
1997 $717 $4,387 $9,893 $15,465
1996 $392 $1,793 $10,062 $14,661
1995 $248.3 $1,098 $9,828 $13,950
1994 $183.2 $951 $8,000 $12,938
1993 $256.7 $828 $7,296 $12,103
1992 $263.7 $756 $8,220 $11,429
1991 $225.3 $569 $7,559 $10,784
1990 $236.4 $577 $7,192 $10,086
1989 $193.2 - $6,041 -
1988 $228.7 - $5,814 -
1987 $220.9 - $5,084 -
1986 $188.8 - $4,195 -
1985 $161.1 - $3,322 -
1984 $137.9 - $3,333 -
1983 $129.4 - $3,527 -
1982 $137.5 - $3,788 -
1981 $121.1 - $3,898 -
1980 $175.5 - $3,948 -
1979 - - $3,196 -
1978 - - $2,559 -
1977 $376 - $2,038 -
1976 $369 - $1,727 -
1975 $362 - $1,560 -
1974 $319 - $1,245 -
1973 $268.6 - $1,144 -
1972 $211.4 - $976 -
1971 $205.6 - $874 -
1970 $206.8 - $828 -
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/malta | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Malta ranks 25th at $69,864.

Economic indicators

Equatorial Guinea Malta
Gross domestic product
$12.8B
2024
$25B
2024
GDP rank
148/197
2024
119/197
2024
GDP growth
0.91%
2023-2024
6.8%
2023-2024
GDP per capita
$6,745
2024
$43,899
2024
GDP per capita rank
106/197
2024
28/197
2024
GDP per capita, PPP
$17,567
2024
$69,864
2024
GDP per capita PPP rank
106/197
2024
25/197
2024
Government debt
$4.65B
2024
$11.5B
2024
Debt-to-GDP ratio
36.4%
2024
46.2%
2024
Government debt per person
$2,458
2024
$20,269
2024
Government debt per person rank
110/185
2024
31/185
2024
Average annual personal income after taxes
$5,042
2026
$23,692
2026
Market capitalization of domestic companies n/a
$4.29B
2024
Income share by richest 10%
29.1%
2022
27.7%
2022
Income share by poorest 10%
2.6%
2022
2.7%
2022
Government expenditure, % of GDP
18.5%
2024
37.3%
2024
Consumer prices inflation
3.4%
2023-2024
1.65%
2023-2024
Unemployment rate
8.6%
2014
3.12%
2024
Population
1998075
581729

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Malta
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 37.3% 46.2%
2023 19.2% 39.1% 36.1% 46.8%
2022 14.8% 29.8% 38.3% 50.1%
2021 12.7% 42.3% 39.4% 49.6%
2020 16.2% 49.4% 42.1% 48.6%
2019 16.8% 43.2% 34.9% 39.2%
2018 19.1% 40.6% 34.5% 41.4%
2017 20.1% 36.2% 32.7% 45.6%
2016 27.8% 41.1% 35.5% 53.1%
2015 41.6% 31.7% 37.8% 55%
2014 31.6% 12.6% 39.6% 60.7%
2013 29.3% 6.27% 40.1% 64.9%
2012 35.2% 7.1% 41.7% 65.6%
2011 27.5% 7.17% 41.5% 68.9%
2010 31.2% 7.89% 40.1% 65%
2009 39.8% 4.34% 41.1% 66%
2008 19.9% 0.49% 42.1% 61.5%
2007 19.7% 0.75% 41.2% 62%
2006 18.1% 1.22% 42.5% 64.5%
2005 14.1% 2.85% 42.5% 70.2%
2004 15.5% 4.54% 42% 70.4%
2003 11.8% 6.77% 45.6% 68.6%
2002 11.3% 19.4% 43.6% 65.1%
2001 13.5% 25.5% 44.4% 70%
2000 22.6% 36.6% 42.9% 64.4%
1999 18.7% 60.5% - 69.8%
1998 35.1% 59.2% - 66.4%
1997 14.8% 46.3% - 60.8%
1996 22.9% 91.2% - 51.5%
1995 141.5% 136.9% - 45.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 46.2% in Malta, ranking 143/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Malta
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Malta
2024 -0.55% -3.58%
2023 2.39% -4.65%
2022 11.7% -5.31%
2021 2.65% -6.95%
2020 -1.77% -8.72%
2019 1.82% 0.72%
2018 0.52% 1.86%
2017 -2.59% 3.4%
2016 -10.9% 1.1%
2015 -15.1% -0.84%
2014 -7.54% -1.49%
2013 -4.4% -2.19%
2012 -7.24% -3.31%
2011 0.83% -2.99%
2010 -4.53% -2.22%
2009 -6.47% -3.11%
2008 14.6% -4.06%
2007 17.2% -2.05%
2006 21.8% -2.46%
2005 18.5% -2.83%
2004 9.22% -4.28%
2003 9.99% -9.04%
2002 17.6% -5.62%
2001 14.9% -6.5%
2000 -2.67% -5.83%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Equatorial Guinea recorded a fiscal deficit in 11 of those years, while Malta ran a deficit in 21 years. On average, Equatorial Guinea posted an annual surplus equal to 3.2% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Equatorial Guinea

Malta
1x
Year Consumer prices inflation
Equatorial Guinea Malta
2024 3.4% 1.65%
2023 2.4% 5.09%
2022 4.9% 6.15%
2021 -0.1% 1.5%
2020 4.8% 0.64%
2019 1.2% 1.64%
2018 1.3% 1.16%
2017 0.7% 1.36%
2016 1.4% 0.64%
2015 1.7% 1.1%
2014 4.3% 0.31%
2013 3.2% 1.18%
2012 3.4% 2.38%
2011 4.8% 2.96%
2010 5.3% 1.52%
2009 5.7% 2.08%
2008 4.7% 4.26%
2007 2.8% 1.25%
2006 4.5% 2.77%
2005 5.6% 3.01%
2004 4.2% 2.79%
2003 7.3% 1.3%
2002 7.6% 2.19%
2001 8.7% 2.93%
2000 4.8% 2.37%
1999 0.4% 2.13%
1998 7.9% 2.39%
1997 3% 3.11%

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/malta | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 2.21% in Malta. In 2024, inflation was 3.4% in Equatorial Guinea and 1.65% in Malta.

Top exports between countries

Equatorial Guinea
Export category Export value
Malta
Export category Export value
Raw materials & minerals $235K
Chemicals & pharma $147K
Machinery & equipment $94K

Balance of trade

Equatorial Guinea Malta
Current account balance
-$344M
1996
$1.78B
2024
Current account balance ranking
101/190
1996
47/190
2024
Current account balance, % of GDP
-148%
1996
+7.12%
2024
Goods imports
$292M
1996
$7.56B
2024
Goods exports
$175M
1996
$4.58B
2024
Service imports
$185M
1996
$17.4B
2024
Service exports
$4.88M
1996
$25B
2024
Imports of goods and services, % of GDP
25.4%
2024
99.7%
2024
Exports of goods and services, % of GDP
35.2%
2024
118.5%
2024

Economic freedom indices

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

Equatorial Guinea Malta
Economic freedom 47.4 68.2
Economic freedom ranking 175/197 49/197
Property rights 16.9 85.5
Government integrity 6.9 54.3
Judicial effectiveness 7.2 80.2
Tax burden 81 68.5
Government spending 90.8 58.4
Fiscal health 97.3 63.2
Business freedom 35.9 83.2
Labor freedom 45.2 62.6
Monetary freedom 73.5 73.1
Trade freedom 43.6 79.4
Investment freedom 40 60
Financial freedom 30 50

Economic freedom comparison by year

Equatorial Guinea
Malta
1x
Year Economic freedom index
Equatorial Guinea Malta
2026 47.4 68.2
2025 47.7 66.8
2024 47.7 64.5
2023 48.3 67.5
2022 47.2 71.5
2021 49.2 70.2
2020 48.3 69.5
2019 41 68.6
2018 42 68.5
2017 45 67.7
2016 43.7 66.7
2015 40.4 66.5
2014 44.4 66.4
2013 42.3 67.5
2012 42.8 67
2011 47.5 65.7
2010 48.6 67.2
2009 51.3 66.1
2008 51.6 66
2007 53.2 66.1
2006 51.5 67.3
2005 53.3 68.9
2004 53.3 63.3
2003 53.1 61.1
2002 46.4 62.2
2001 47.9 62.9
2000 45.6 58.3
1999 45.1 59.3
1998 - 61.2
1997 - 57.9
1996 - 55.8
1995 - 56.3

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Malta
Services, % of GDP
51.1%
2024
81.8%
2024
Industry, % of GDP
45.8%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
0.23%
2024
GNI, Atlas method
$8.96B
2024
$20.9B
2024
GNI per capita, PPP
$12,330
2024
$61,340
2024
Total reserves including gold
$1.54B
2023
$1.42B
2024
Total reserves ranking
134/177
2023
137/177
2024
Net foreign direct investment
-$376M
1996
-$6.13B
2024
Net inflows of foreign direct investment
$188M
2024
$42.6B
2024
Net outflows of foreign direct investment
$154M
2024
$36.5B
2024
Poverty at national poverty lines
50.7%
2022
16.7%
2021
Gross capital formation, % of GDP
8.96%
2024
19%
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/malta | 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 (1995–2026, 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 (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2021–2022, 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.

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.