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Economy of Equatorial Guinea vs Niger compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $21.6B for Niger, ranking 150/197 and 129/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $9.82B (45.4% of GDP) in Niger.

Equatorial Guinea vs Niger GDP by year

Equatorial Guinea
Niger
1x
Year GDP, current $
Equatorial Guinea Niger
2025 $12,823,210,426 $21,646,191,388
2024 $13,254,388,261 $19,729,786,047
2023 $12,541,814,273 $16,949,765,464
2022 $13,687,643,436 $15,531,799,641
2021 $12,215,878,033 $14,936,154,253
2020 $9,893,816,008 $13,648,332,190
2019 $11,364,133,550 $12,420,836,507
2018 $13,097,012,134 $12,800,907,986
2017 $12,200,913,879 $11,359,273,443
2016 $11,240,808,848 $10,341,025,540
2015 $13,185,496,881 $9,683,867,926
2014 $21,765,453,082 $10,862,943,544
2013 $21,948,834,284 $10,224,897,438
2012 $22,388,344,144 $9,426,912,648
2011 $21,357,343,669 $8,772,950,778
2010 $16,314,443,436 $7,851,192,502
2009 $15,027,795,173 $7,352,131,310
2008 $19,749,893,536 $7,297,600,226
2007 $13,071,718,759 $5,731,485,052
2006 $10,086,528,699 $4,756,361,252
2005 $8,217,369,093 $4,383,315,965
2004 $4,410,764,339 $3,760,443,738
2003 $2,484,745,935 $3,394,084,732
2002 $1,806,742,742 $2,782,192,879
2001 $1,461,139,022 $2,448,714,704
2000 $1,045,998,496 $2,241,753,193
1999 $621,117,886 $2,537,789,821
1998 $370,687,634 $2,643,363,519
1997 $442,337,871 $2,290,318,910
1996 $232,463,023 $2,405,686,940
1995 $141,853,361 $2,302,537,562
1994 $100,807,003 $1,938,058,175
1993 $136,047,906 $3,052,673,849
1992 $134,707,184 $3,386,232,579
1991 $110,906,029 $3,285,796,875
1990 $112,119,411 $3,512,356,508
1989 $88,265,975 $2,179,567,114
1988 $100,534,657 $2,280,356,193
1987 $93,345,860 $2,233,006,105
1986 $76,407,396 $1,904,096,998
1985 $62,118,570 $1,440,581,652
1984 $50,320,914 $1,461,243,326
1983 $44,442,457 $1,803,099,561
1982 $44,294,648 $2,017,612,216
1981 $36,731,423 $2,170,893,414
1980 $50,642,881 $2,508,524,721
1979 - $2,109,277,666
1978 - $1,774,365,590
1977 $103,987,520 $1,291,458,041
1976 $103,653,050 $1,064,517,601
1975 $104,295,643 $1,048,690,933
1974 $94,159,863 $1,026,137,111
1973 $81,203,227 $946,385,105
1972 $65,429,198 $742,779,661
1971 $64,946,955 $693,573,704
1970 $66,331,429 $649,916,621
1969 $67,225,714 $625,867,985
1968 $67,514,286 $641,214,226
1967 $72,317,447 $665,586,872
1966 $69,110,000 $702,296,079
1965 $64,748,333 $673,383,511
1964 $51,915,000 $582,816,396
1963 $44,266,667 $586,294,879
1962 $37,253,333 $531,736,599
1961 - $485,785,231
1960 - $449,526,873

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

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

GDP per capita in Equatorial Guinea vs Niger by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $775 -
2024 $7,004 $17,567 $730 $2,050
2023 $6,788 $17,412 $648 $1,875
2022 $7,589 $18,140 $614 $1,840
2021 $6,946 $16,821 $610 $1,586
2020 $5,764 $13,677 $575 $1,497
2019 $6,804 $16,451 $541 $1,419
2018 $8,102 $18,413 $577 $1,276
2017 $7,809 $18,435 $530 $1,208
2016 $7,453 $16,649 $500 $1,189
2015 $9,069 $19,479 $486 $1,172
2014 $15,549 $27,177 $565 $1,161
2013 $16,304 $27,910 $552 $1,138
2012 $17,309 $30,012 $529 $1,162
2011 $17,198 $27,242 $511 $1,064
2010 $13,720 $26,168 $474 $1,058
2009 $13,233 $29,722 $461 $999
2008 $18,211 $30,523 $475 $1,010
2007 $12,617 $26,611 $387 $955
2006 $10,185 $23,511 $333 $935
2005 $8,674 $22,137 $319 $888
2004 $4,901 $19,354 $283.5 $832
2003 $2,931 $14,496 $265.2 $837
2002 $2,264 $13,255 $225.3 $832
2001 $1,949 $11,627 $205.4 $809
2000 $1,487 $7,420 $194.8 $764
1999 $931 $6,470 $228.3 $783
1998 $578 $5,280 $246.1 $801
1997 $717 $4,387 $220.6 $745
1996 $392 $1,793 $239.5 $746
1995 $248.3 $1,098 $237 $757
1994 $183.2 $951 $206.2 $748
1993 $256.7 $828 $335 $742
1992 $263.7 $756 $384 $746
1991 $225.3 $569 $384 $738
1990 $236.4 $577 $424 $739
1989 $193.2 - $271.3 -
1988 $228.7 - $292.6 -
1987 $220.9 - $295.3 -
1986 $188.8 - $259.6 -
1985 $161.1 - $202.4 -
1984 $137.9 - $211.5 -
1983 $129.4 - $268.8 -
1982 $137.5 - $310 -
1981 $121.1 - $343 -
1980 $175.5 - $409 -
1979 - - $354 -
1978 - - $307 -
1977 $376 - $229.8 -
1976 $369 - $194.8 -
1975 $362 - $197.2 -
1974 $319 - $198.3 -
1973 $268.6 - $187.9 -
1972 $211.4 - $151.4 -
1971 $205.6 - $145.2 -
1970 $206.8 - $139.8 -
1969 $208.4 - $138.3 -
1968 $211.7 - $145.6 -
1967 $231.9 - $155.4 -
1966 $226.7 - $168.6 -
1965 $217.1 - $166.3 -
1964 $177.8 - $148.1 -
1963 $154.8 - $153.3 -
1962 $132.9 - $143.2 -
1961 - - $134.6 -
1960 - - $128.3 -

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

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

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $775 in Niger, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Niger ranks 186th at $2,050.

Economic indicators

Equatorial Guinea Niger
Gross domestic product
$12.8B
2025
$21.6B
2025
GDP rank
150/197
2025
129/197
2025
GDP growth
-5.85%
2024-2025
7.01%
2024-2025
GDP per capita
$6,615
2025
$775
2025
GDP per capita rank
107/197
2025
188/197
2025
GDP per capita, PPP
$17,567
2024
$2,050
2024
GDP per capita PPP rank
106/197
2024
186/197
2024
Government debt
$5.21B
2025
$9.82B
2025
Debt-to-GDP ratio
40.6%
2025
45.4%
2025
Government debt per person
$2,686
2025
$352
2025
Government debt per person rank
109/185
2025
175/185
2025
Average annual personal income after taxes
$4,723
2026
$1,418
2026
Income share by richest 10%
29.1%
2022
27.8%
2021
Income share by poorest 10%
2.6%
2022
3.8%
2021
Government expenditure, % of GDP
20.7%
2025
14.8%
2025
Consumer prices inflation
2.8%
2024-2025
-4.45%
2024-2025
Unemployment rate
8.6%
2014
0.4%
2022
Population
2008950
29294628

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Niger
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 14.8% 45.4%
2024 18.5% 36.4% 13.4% 47.7%
2023 19.2% 39.1% 15.8% 51.8%
2022 14.8% 29.8% 21.6% 50.7%
2021 12.7% 42.3% 24.3% 51.3%
2020 16.2% 49.4% 22.4% 45%
2019 16.8% 43.2% 21.6% 39.8%
2018 19.1% 40.6% 21.2% 37%
2017 20.1% 36.2% 19.5% 36.5%
2016 27.8% 41.1% 19.4% 32.8%
2015 41.6% 31.7% 24.2% 29.9%
2014 31.6% 12.6% 23.6% 22.1%
2013 29.3% 6.27% 20.4% 19.6%
2012 35.2% 7.1% 16.6% 18.1%
2011 27.5% 7.17% 15.3% 14.7%
2010 31.2% 7.89% 14.3% 15.1%
2009 39.8% 4.34% 17.7% 15.9%
2008 19.9% 0.49% 16.9% 14.2%
2007 19.7% 0.75% 17.4% 17.8%
2006 18.1% 1.22% 15.2% 18.3%
2005 14.1% 2.85% 15.6% 49.5%
2004 15.5% 4.54% 16.1% 55%
2003 11.8% 6.77% 14% 60.6%
2002 11.3% 19.4% 14.4% 69%
2001 13.5% 25.5% 13.7% 74%
2000 22.6% 36.6% 13.5% 82.1%
1999 18.7% 60.5% 15% 63.3%
1998 35.1% 59.2% 13.6% 61.3%
1997 14.8% 46.3% 12.9% 69.1%
1996 22.9% 91.2% 10.9% 63.5%
1995 141.5% 136.9% 12.5% 69.4%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

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

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Niger spent $3.2B, or 14.8% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 45.4% in Niger, ranking 132/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Niger
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Niger
2025 -2.55% -3.28%
2024 -0.55% -4.27%
2023 2.39% -5.37%
2022 11.7% -6.77%
2021 2.65% -6.1%
2020 -1.77% -4.82%
2019 1.82% -3.56%
2018 0.52% -3.01%
2017 -2.59% -4.12%
2016 -10.9% -4.46%
2015 -15.1% -6.75%
2014 -7.54% -6.12%
2013 -4.4% -1.93%
2012 -7.24% -0.83%
2011 0.83% -2.19%
2010 -4.53% -0.99%
2009 -6.47% -3.93%
2008 14.6% 1.11%
2007 17.2% -0.75%
2006 21.8% 31%
2005 18.5% -1.53%
2004 9.22% -2.76%
2003 9.99% -2.17%
2002 17.6% -2.21%
2001 14.9% -2.59%
2000 -2.67% -2.83%
1999 -0.19% -4.27%
1998 -7.65% -2.23%
1997 3.21% -2.39%
1996 -6.36% -0.36%
1995 -123.4% -3.19%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/equatorial-guinea/niger | 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 Niger's deficit of $711M, or 3.28% of GDP.

Over the past 31 years, Equatorial Guinea recorded a fiscal deficit in 16 of those years, while Niger ran a deficit in 29 years. On average, Equatorial Guinea posted an annual deficit equal to 1.84% of GDP, compared to deficit of 2.05% of GDP for Niger.

Inflation comparison by year

Inflation
Equatorial Guinea

Niger
1x
Year Consumer prices inflation
Equatorial Guinea Niger
2025 2.8% -4.45%
2024 3.4% 9.07%
2023 2.4% 3.7%
2022 4.9% 4.23%
2021 -0.1% 3.84%
2020 4.8% 2.9%
2019 1.2% -2.49%
2018 1.3% 2.97%
2017 0.7% 2.8%
2016 1.4% 1.65%
2015 1.7% -0.58%
2014 4.3% -0.93%
2013 3.2% 2.3%
2012 3.4% 0.46%
2011 4.8% 2.94%
2010 5.3% 0.8%
2009 5.7% 0.58%
2008 4.7% 11.3%
2007 2.8% 0.05%
2006 4.5% 0.04%
2005 5.6% 7.8%
2004 4.2% 0.26%
2003 7.3% -1.61%
2002 7.6% 2.63%
2001 8.7% 4.01%
2000 4.8% 2.9%
1999 0.4% -2.3%
1998 7.9% 4.55%
1997 3% 2.93%

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/niger | CC BY

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 2.15% in Niger. In 2025, inflation was 2.8% in Equatorial Guinea and -4.45% in Niger.

Top exports between countries

Equatorial Guinea
Export category Export value
Niger
Export category Export value
Machinery & equipment $1.42M

Balance of trade

Equatorial Guinea Niger
Current account balance
-$344M
1996
-$1.2B
2024
Current account balance ranking
98/190
1996
123/190
2024
Current account balance, % of GDP
-148%
1996
-6.09%
2024
Goods imports
$292M
1996
$2B
2024
Goods exports
$175M
1996
$1.52B
2024
Service imports
$185M
1996
$1.03B
2024
Service exports
$4.88M
1996
$248M
2024
Imports of goods and services, % of GDP
28.4%
2025
18.1%
2025
Exports of goods and services, % of GDP
46.5%
2025
15.8%
2025

Economic freedom indices

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

Equatorial Guinea Niger
Economic freedom 47.4 51
Economic freedom ranking 175/197 156/197
Property rights 16.9 16.6
Government integrity 6.9 33.9
Judicial effectiveness 7.2 28
Tax burden 81 78.2
Government spending 90.8 91.4
Fiscal health 97.3 47.6
Business freedom 35.9 32.4
Labor freedom 45.2 54.7
Monetary freedom 73.5 67.9
Trade freedom 43.6 65.8
Investment freedom 40 55
Financial freedom 30 40

Economic freedom comparison by year

Equatorial Guinea
Niger
1x
Year Economic freedom index
Equatorial Guinea Niger
2026 47.4 51
2025 47.7 51.5
2024 47.7 52.3
2023 48.3 53.7
2022 47.2 54.9
2021 49.2 57.3
2020 48.3 54.7
2019 41 51.6
2018 42 49.5
2017 45 50.8
2016 43.7 54.3
2015 40.4 54.6
2014 44.4 55.1
2013 42.3 53.9
2012 42.8 54.3
2011 47.5 54.3
2010 48.6 52.9
2009 51.3 53.8
2008 51.6 52.9
2007 53.2 53.2
2006 51.5 52.5
2005 53.3 54.1
2004 53.3 54.6
2003 53.1 54.2
2002 46.4 48.2
2001 47.9 48.9
2000 45.6 45.9
1999 45.1 48.6
1998 - 47.5
1997 - 46.6
1996 - 45.8

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Niger
Services, % of GDP
55.5%
2025
31.1%
2025
Industry, % of GDP
41.4%
2025
18.7%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
47.6%
2025
GNI, Atlas method
$11.4B
2025
$20.9B
2025
GNI per capita, PPP
$14,610
2025
$2,150
2025
Total reserves including gold
$1.08B
2024
n/a
Total reserves ranking
141/177
2024
n/a
Net foreign direct investment
-$376M
1996
-$337M
2024
Net inflows of foreign direct investment
$188M
2024
$358M
2024
Net outflows of foreign direct investment
$154M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI n/a
1.96%
2024
Poverty at national poverty lines
50.7%
2022
41.2%
2021
Gross capital formation, % of GDP
-3.68%
2025
22%
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/niger | 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 (1996–2026, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2014, retrieved 2026-07-08)
  9. TradeMap (2024, 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.