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Economy of Equatorial Guinea vs Moldova compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $18.2B for Moldova, ranking 148/197 and 134/197 by economy size, respectively.

Equatorial Guinea has $4.62B in government debt (35.1% of GDP), compared to $6.94B (36.3% of GDP) in Moldova.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Equatorial Guinea
GDP, current $

GDP, constant 2015 $
Moldova
GDP, current $

GDP, constant 2015 $
Year GDP
Equatorial Guinea Moldova
Current $ Constant $ Current $ Constant $
1962 $37,253,333 - - -
1963 $44,266,667 - - -
1964 $51,915,000 - - -
1965 $64,748,333 - - -
1966 $69,110,000 - - -
1967 $72,317,447 - - -
1968 $67,514,286 - - -
1969 $67,225,714 - - -
1970 $66,331,429 - - -
1971 $64,946,955 - - -
1972 $65,429,198 - - -
1973 $81,203,227 - - -
1974 $94,159,863 - - -
1975 $104,295,643 - - -
1976 $103,653,050 - - -
1977 $103,987,520 - - -
1978 - - - -
1979 - - - -
1980 $50,642,881 $132,086,051 - -
1981 $36,731,423 $139,706,651 - -
1982 $44,294,648 $142,782,539 - -
1983 $44,442,457 $149,927,930 - -
1984 $50,320,914 $151,444,273 - -
1985 $62,118,570 $170,988,428 - -
1986 $76,407,396 $167,003,446 - -
1987 $93,345,860 $174,412,950 - -
1988 $100,534,657 $179,044,071 - -
1989 $88,265,975 $176,843,301 - -
1990 $112,119,411 $173,733,398 $3,592,857,043 $11,137,693,133
1991 $110,906,029 $171,957,428 $3,094,565,871 $9,355,662,201
1992 $134,707,184 $231,704,586 $2,319,243,436 $6,633,164,508
1993 $136,047,906 $257,269,047 $2,371,813,324 $6,553,566,539
1994 $100,807,003 $300,152,801 $1,702,314,268 $4,528,514,463
1995 $141,853,361 $352,638,312 $1,752,999,370 $4,465,115,304
1996 $232,463,023 $587,424,890 $1,695,122,174 $4,202,697,785
1997 $442,337,871 $1,468,403,405 $1,930,081,169 $4,271,918,931
1998 $370,687,634 $1,817,508,713 $1,698,717,505 $3,992,441,789
1999 $621,117,886 $2,283,954,429 $1,170,782,957 $3,857,966,190
2000 $1,045,998,496 $2,699,948,864 $1,288,429,392 $3,939,281,164
2001 $1,461,139,022 $4,411,173,090 $1,480,673,594 $4,179,577,331
2002 $1,806,742,742 $5,269,712,387 $1,661,818,168 $4,505,584,348
2003 $2,484,745,935 $6,005,113,942 $1,980,907,435 $4,802,952,913
2004 $4,410,764,339 $8,286,980,786 $2,598,249,556 $5,158,371,416
2005 $8,217,369,093 $9,674,942,387 $2,988,342,907 $5,545,249,280
2006 $10,086,528,699 $10,420,388,727 $3,408,255,451 $5,811,421,236
2007 $13,071,718,759 $12,012,844,403 $4,401,173,152 $5,985,763,886
2008 $19,749,893,536 $14,151,023,688 $6,054,824,248 $6,452,653,478
2009 $15,027,795,173 $14,341,122,354 $5,439,434,272 $6,065,494,253
2010 $16,314,443,436 $13,061,295,371 $6,974,982,370 $6,496,144,351
2011 $21,357,343,669 $13,913,404,306 $8,414,352,020 $6,874,100,823
2012 $22,388,344,144 $15,070,007,775 $8,709,138,635 $6,833,561,916
2013 $21,948,834,284 $14,447,134,440 $9,496,717,876 $7,451,580,072
2014 $21,765,453,082 $14,507,099,626 $9,402,090,138 $7,824,131,196
2015 $13,185,496,881 $13,185,496,881 $7,797,667,197 $7,797,667,197
2016 $11,240,808,848 $12,023,008,462 $7,980,917,076 $8,159,947,935
2017 $12,200,913,879 $11,341,603,435 $9,514,404,016 $8,500,675,704
2018 $13,097,012,134 $10,634,279,339 $11,252,353,421 $8,847,128,858
2019 $11,364,133,550 $10,051,326,715 $11,736,797,055 $9,161,406,662
2020 $9,893,816,008 $9,569,759,527 $11,530,746,234 $8,403,210,633
2021 $12,215,878,033 $9,652,085,293 $13,691,869,264 $9,573,777,856
2022 $13,687,643,436 $9,963,221,065 $14,525,337,524 $9,133,384,075
2023 $12,337,550,584 $9,456,161,987 $16,711,906,746 $9,242,984,684
2024 $12,765,777,677 $9,541,952,851 $18,200,340,854 $9,252,510,450

Economic indicators

Equatorial Guinea Moldova
Gross domestic product
$12.8B
2024
$18.2B
2024
GDP rank
148/197
2024
134/197
2024
GDP growth
3.47%
2023-2024
8.91%
2023-2024
GDP per capita
$6,745
2024
$7,618
2024
GDP per capita rank
106/197
2024
99/197
2024
GDP per capita, PPP
$17,567
2024
$18,717
2024
Government debt
$4.62B
2024
$6.94B
2024
Debt-to-GDP ratio
35.1%
2025
36.3%
2025
Government debt per person
$2,442
2024
$2,905
2024
Government debt per person rank
112/185
2024
103/185
2024
Average annual personal income after taxes
$4,393
2025
$4,214
2025
Income share by richest 10%
29.1%
2022
22.8%
2023
Income share by poorest 10%
2.6%
2022
4.3%
2023
Government expenditure, % of GDP
18.7%
2025
39.8%
2025
Consumer prices inflation
2.9%
2024-2025
4.68%
2023-2024
Central bank interest rate n/a
6.25%
2025
Unemployment rate
8.6%
2014
1.43%
2024
Population
1975406
2358679

GDP per capita in Equatorial Guinea vs Moldova

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $7,618 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 103rd at $17,567, while Moldova ranks 98th at $18,717.

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
Year Current $
Equatorial Guinea Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1962 $132.9 - - -
1963 $154.8 - - -
1964 $177.8 - - -
1965 $217.1 - - -
1966 $226.7 - - -
1967 $231.9 - - -
1968 $211.7 - - -
1969 $208.4 - - -
1970 $206.8 - - -
1971 $205.6 - - -
1972 $211.4 - - -
1973 $268.6 - - -
1974 $319 - - -
1975 $362 - - -
1976 $369 - - -
1977 $376 - - -
1978 $376 - - -
1979 $372 - - -
1980 $175.5 - - -
1981 $121.1 - - -
1982 $137.5 - - -
1983 $129.4 - - -
1984 $137.9 - - -
1985 $161.1 - - -
1986 $188.8 - - -
1987 $220.9 - - -
1988 $228.7 - - -
1989 $193.2 - - -
1990 $236.4 $577 $1,207 $6,895
1991 $225.3 $569 $1,038 $5,980
1992 $263.7 $756 $778 $4,337
1993 $256.7 $828 $797 $4,394
1994 $183.2 $951 $574 $3,111
1995 $248.3 $1,098 $594 $3,146
1996 $392 $1,793 $575 $3,021
1997 $717 $4,387 $657 $3,136
1998 $578 $5,280 $579 $2,965
1999 $931 $6,470 $399 $2,910
2000 $1,487 $7,420 $441 $3,045
2001 $1,949 $11,627 $507 $3,311
2002 $2,264 $13,255 $571 $3,633
2003 $2,931 $14,496 $682 $3,960
2004 $4,901 $19,354 $897 $4,378
2005 $8,674 $22,137 $1,034 $4,866
2006 $10,185 $23,511 $1,183 $5,271
2007 $12,617 $26,611 $1,531 $5,590
2008 $18,211 $30,523 $2,111 $6,153
2009 $13,233 $29,722 $1,898 $5,827
2010 $13,720 $26,168 $2,437 $6,323
2011 $17,198 $27,242 $2,941 $6,833
2012 $17,309 $30,012 $3,045 $7,255
2013 $16,304 $27,910 $3,321 $8,233
2014 $15,549 $27,177 $3,290 $8,643
2015 $9,069 $19,479 $2,750 $9,198
2016 $7,453 $16,649 $2,847 $10,326
2017 $7,809 $18,435 $3,453 $11,252
2018 $8,102 $18,413 $4,156 $11,868
2019 $6,804 $16,451 $4,405 $13,413
2020 $5,764 $13,677 $4,376 $13,527
2021 $6,946 $16,821 $5,275 $15,682
2022 $7,589 $18,140 $5,744 $16,453
2023 $6,678 $17,412 $6,800 $17,747
2024 $6,745 $17,567 $7,618 $18,717

Spending and national debt comparison

In 2024, Equatorial Guinea's government spending was $2.52B, accounting for 18.7% of its GDP, while Moldova's spent $6.92B, or 39.8% of GDP.

Debt-to-GDP ratio is 35.1% in Equatorial Guinea and 36.3% in Moldova, ranking 148/185 and 144/185, respectively.

Equatorial Guinea
Government spending

Government debt
Moldova
Government spending

Government debt
Year % of GDP
Equatorial Guinea Moldova
Government spending Government debt Government spending Government debt
1985 115.4% 183.8% - -
1986 119% 152.5% - -
1987 183% 141.3% - -
1988 227.9% 154.5% - -
1989 116.8% 187% - -
1990 212.9% 157% - -
1991 284.5% 169.5% - -
1992 595% 136.9% - -
1993 256.3% 152.6% - -
1994 510% 216% - -
1995 141.5% 136.9% 42% 79.5%
1996 22.9% 91.2% 43.3% 87.5%
1997 14.8% 46.3% 46% 89%
1998 35.1% 59.2% 39.1% 159.4%
1999 18.7% 60.5% 33% 150.7%
2000 22.6% 36.6% 34% 89.1%
2001 13.5% 25.5% 29.5% 85.4%
2002 11.3% 19.4% 30.7% 80.3%
2003 13.9% 6.77% 33.5% 68.1%
2004 10.8% 4.54% 34.8% 49.3%
2005 14.1% 2.85% 37.1% 40.4%
2006 18.1% 1.22% 40.3% 35%
2007 19.7% 0.75% 42.7% 28.3%
2008 19.9% 0.49% 41.5% 22.2%
2009 39.8% 4.34% 45.3% 32.6%
2010 31.2% 7.89% 34.1% 25.5%
2011 27.5% 7.17% 32.6% 24.2%
2012 35.2% 7.1% 33.7% 31.3%
2013 29.3% 6.27% 32.4% 30%
2014 31.6% 12.6% 33.8% 35.4%
2015 41.6% 31.7% 31.7% 42.1%
2016 27.8% 41.1% 30.5% 39.7%
2017 20.1% 36.2% 31% 34.9%
2018 19.1% 40.6% 31.5% 31.8%
2019 16.8% 43.2% 32% 28.8%
2020 16.2% 49.4% 36.7% 36.6%
2021 12.7% 42.3% 34.6% 33.6%
2022 14.8% 29.8% 36.6% 35%
2023 19.2% 36.3% 38.8% 34.9%
2024 19.7% 36.2% 38% 38.1%
2025 18.7% 35.1% 39.8% 36.3%

Government deficit by year

In 2024, Equatorial Guinea's government deficit, the difference between spending and revenue, was -$158M, equivalent to -1.23% of GDP. This compares to Moldova's deficit of -$709M, or -3.89% of GDP.

Over the past 30 years, Equatorial Guinea recorded a fiscal deficit in 15 of those years, while Moldova ran a deficit in 26 years. On average, Equatorial Guinea posted an annual deficit equal to -1.75% of GDP, compared to deficit of -2.26% of GDP for Moldova.

Deficit/surplus
Equatorial Guinea

Moldova
Year Deficit/surplus, % of GDP
Equatorial Guinea Moldova
1985 -89.3% -
1986 -97.3% -
1987 -158% -
1988 -208.5% -
1989 -76.2% -
1990 -160.2% -
1991 -236% -
1992 -557% -
1993 -217.9% -
1994 -487% -
1995 -123.4% -2.58%
1996 -6.36% -7.42%
1997 3.21% -7.47%
1998 -7.65% -1.52%
1999 -0.19% -2.64%
2000 -2.67% -3.55%
2001 14.9% -0.34%
2002 17.6% -1.18%
2003 7.85% 0.47%
2004 13.9% 0.59%
2005 18.5% 1.44%
2006 21.8% -0.42%
2007 17.2% 0.15%
2008 14.6% -0.87%
2009 -6.47% -6.38%
2010 -4.53% -2.18%
2011 0.83% -2.05%
2012 -7.24% -1.93%
2013 -4.4% -1.57%
2014 -7.54% -1.6%
2015 -15.1% -1.93%
2016 -10.9% -1.56%
2017 -2.59% -0.65%
2018 0.52% -0.85%
2019 1.82% -1.47%
2020 -1.77% -5.32%
2021 2.65% -2.62%
2022 11.7% -3.24%
2023 2.39% -5.13%
2024 -1.23% -3.89%
2025 -0.78% -5.11%

Inflation comparison by year

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.94%, compared with 11% in Moldova. In 2024, inflation was 2.9% in Equatorial Guinea and 4.68% in Moldova.

Inflation
Equatorial Guinea

Moldova
Year Inflation
Equatorial Guinea Moldova Equatorial Guinea Moldova
1996 4.5% 23.5%
1997 3% 11.8%
1998 7.9% 7.7%
1999 0.4% 39.3%
2000 4.8% 31.3%
2001 8.7% 9.76%
2002 7.6% 5.3%
2003 7.3% 11.7%
2004 4.2% 12.5%
2005 5.6% 12%
2006 4.5% 12.8%
2007 2.8% 12.4%
2008 4.7% 12.8%
2009 5.7% -0.06%
2010 5.3% 7.48%
2011 4.8% 7.69%
2012 3.4% 4.55%
2013 3.2% 4.6%
2014 4.3% 5.09%
2015 1.7% 9.68%
2016 1.4% 6.36%
2017 0.7% 6.57%
2018 1.3% 3.05%
2019 1.2% 4.84%
2020 4.8% 3.77%
2021 -0.1% 5.11%
2022 4.9% 28.7%
2023 2.4% 13.4%
2024 3.4% 4.68%
2025 2.9% -

Top exports between countries

Equatorial Guinea
Export category Export value
Moldova
Export category Export value
Animal & marine products $214K

Balance of trade

Equatorial Guinea Moldova
Current account balance
-$344M
1996
-$2.92B
2024
Current account balance ranking
99/189
1996
153/189
2024
Current account balance, % of GDP
-148%
1996
-16%
2024
Goods imports
$292M
1996
$8.63B
2024
Goods exports
$175M
1996
$3.01B
2024
Service imports
$185M
1996
$1.78B
2024
Service exports
$4.88M
1996
$2.7B
2024
Imports of goods and services, % of GDP
25.4%
2024
57.3%
2024
Exports of goods and services, % of GDP
35.2%
2024
31.4%
2024

Economic freedom indices

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

Equatorial Guinea Moldova
Economic freedom 47.7 58.3
Economic freedom ranking 175/197 107/197
Property rights 18.7 40.2
Government integrity 7.2 43.4
Judicial effectiveness 7.1 31.3
Tax burden 74.9 92.8
Government spending 92.5 59.5
Fiscal health 97.2 75.9
Business freedom 36.5 66.2
Labor freedom 44.9 49.1
Monetary freedom 74.3 59.4
Trade freedom 48.8 77.2
Investment freedom 40 55
Financial freedom 30 50

Economic freedom by year comparison

The Economic Freedom Index for Equatorial Guinea is 47.7, ranking 175/197, compared to 58.3 for Moldova, ranking 107/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Equatorial Guinea
Moldova
Year Economic freedom index
Equatorial Guinea Moldova
1995 - 33
1996 - 52.5
1997 - 48.9
1998 - 53.5
1999 45.1 56.1
2000 45.6 59.6
2001 47.9 54.9
2002 46.4 57.4
2003 53.1 60
2004 53.3 57.1
2005 53.3 57.4
2006 51.5 58
2007 53.2 58.7
2008 51.6 57.9
2009 51.3 54.9
2010 48.6 53.7
2011 47.5 55.7
2012 42.8 54.4
2013 42.3 55.5
2014 44.4 57.3
2015 40.4 57.5
2016 43.7 57.4
2017 45 58
2018 42 58.4
2019 41 59.1
2020 48.3 62
2021 49.2 62.5
2022 47.2 61.3
2023 48.3 58.5
2024 47.7 57.1
2025 47.7 58.3

More economic indicators

Equatorial Guinea Moldova
Services, % of GDP
51.1%
2024
62.3%
2024
Industry, % of GDP
45.8%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
7.11%
2024
GNI, Atlas method
$8.96B
2024
$16.6B
2024
GNI per capita, PPP
$12,330
2024
$18,880
2024
Total reserves including gold
$1.54B
2023
$5.48B
2024
Total reserves ranking
134/177
2023
96/177
2024
Net foreign direct investment
-$376M
1996
-$244M
2024
Net inflows of foreign direct investment
$188M
2024
$333M
2024
Net outflows of foreign direct investment
$154M
2024
$89.6M
2024
Servicing debt to the IMF, % of GNI
n/a
7.79%
2023
Poverty at national poverty lines
50.7%
2022
31.6%
2023
Gross capital formation, % of GDP
8.96%
2024
21.1%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.