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Economy of Equatorial Guinea vs Qatar compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $216B for Qatar, ranking 150/197 and 56/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Equatorial Guinea vs Qatar GDP by year

Equatorial Guinea
Qatar
1x
Year GDP, current $
Equatorial Guinea Qatar
2025 $12,823,210,426 $215,559,615,385
2024 $13,254,388,261 $216,294,505,495
2023 $12,541,814,273 $213,002,809,341
2022 $13,687,643,436 $235,709,325,714
2021 $12,215,878,033 $179,732,009,560
2020 $9,893,816,008 $144,411,363,352
2019 $11,364,133,550 $176,371,267,692
2018 $13,097,012,134 $183,334,953,819
2017 $12,200,913,879 $161,099,122,225
2016 $11,240,808,848 $151,732,181,868
2015 $13,185,496,881 $161,739,955,577
2014 $21,765,453,082 $206,224,598,571
2013 $21,948,834,284 $198,727,642,967
2012 $22,388,344,144 $186,833,502,363
2011 $21,357,343,669 $167,775,274,725
2010 $16,314,443,436 $125,122,252,747
2009 $15,027,795,173 $97,798,351,648
2008 $19,749,893,536 $115,269,780,220
2007 $13,071,718,759 $79,711,813,187
2006 $10,086,528,699 $60,882,142,857
2005 $8,217,369,093 $44,530,494,505
2004 $4,410,764,339 $31,734,065,934
2003 $2,484,745,935 $23,533,791,209
2002 $1,806,742,742 $19,363,736,264
2001 $1,461,139,022 $17,538,461,538
2000 $1,045,998,496 $17,759,890,110
1999 $621,117,886 $12,393,131,868
1998 $370,687,634 $10,255,494,505
1997 $442,337,871 $11,297,802,198
1996 $232,463,023 $9,059,340,659
1995 $141,853,361 $8,137,912,088
1994 $100,807,003 $7,374,450,549
1993 $136,047,906 $7,156,593,407
1992 $134,707,184 $7,646,153,846
1991 $110,906,029 $6,883,516,484
1990 $112,119,411 $7,360,439,560
1989 $88,265,975 $6,487,912,088
1988 $100,534,657 $6,038,186,813
1987 $93,345,860 $5,446,428,571
1986 $76,407,396 $5,053,021,978
1985 $62,118,570 $6,153,296,703
1984 $50,320,914 $6,870,329,670
1983 $44,442,457 $6,484,890,110
1982 $44,294,648 $7,611,263,736
1981 $36,731,423 $8,672,527,473
1980 $50,642,881 $7,837,915,956
1979 - $5,632,962,997
1978 - $4,052,000,413
1977 $103,987,520 $3,617,564,638
1976 $103,653,050 $3,284,273,987
1975 $104,295,643 $2,512,773,166
1974 $94,159,863 $2,401,403,227
1973 $81,203,227 $793,885,560
1972 $65,429,198 $510,262,500
1971 $64,946,955 $387,703,106
1970 $66,331,429 $301,791,302
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/qatar | CC BY

GDP per capita in Equatorial Guinea vs Qatar by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $72,525 -
2024 $7,004 $17,567 $75,685 $126,046
2023 $6,788 $17,412 $80,196 $129,368
2022 $7,589 $18,140 $88,701 $122,921
2021 $6,946 $16,821 $71,752 $116,833
2020 $5,764 $13,677 $51,684 $82,149
2019 $6,804 $16,451 $66,841 $107,503
2018 $8,102 $18,413 $71,040 $110,033
2017 $7,809 $18,435 $63,280 $99,358
2016 $7,453 $16,649 $61,254 $89,935
2015 $9,069 $19,479 $68,985 $102,546
2014 $15,549 $27,177 $95,841 $148,389
2013 $16,304 $27,910 $103,697 $169,203
2012 $17,309 $30,012 $108,470 $180,939
2011 $17,198 $27,242 $103,262 $174,620
2010 $13,720 $26,168 $77,387 $151,646
2009 $13,233 $29,722 $60,786 $125,898
2008 $18,211 $30,523 $80,781 $126,015
2007 $12,617 $26,611 $65,954 $124,056
2006 $10,185 $23,511 $62,582 $127,181
2005 $8,674 $22,137 $53,950 $115,250
2004 $4,901 $19,354 $41,036 $110,958
2003 $2,931 $14,496 $31,602 $94,120
2002 $2,264 $13,255 $27,227 $93,177
2001 $1,949 $11,627 $25,871 $89,805
2000 $1,487 $7,420 $27,535 $88,849
1999 $931 $6,470 $20,234 $84,690
1998 $578 $5,280 $17,665 $84,486
1997 $717 $4,387 $20,523 $79,219
1996 $392 $1,793 $17,125 $62,331
1995 $248.3 $1,098 $15,823 $60,321
1994 $183.2 $951 $14,765 $59,415
1993 $256.7 $828 $14,770 $59,125
1992 $263.7 $756 $16,280 $60,387
1991 $225.3 $569 $15,133 $54,759
1990 $236.4 $577 $16,722 $55,659
1989 $193.2 - $15,243 -
1988 $228.7 - $14,682 -
1987 $220.9 - $13,719 -
1986 $188.8 - $13,213 -
1985 $161.1 - $16,815 -
1984 $137.9 - $19,749 -
1983 $129.4 - $19,669 -
1982 $137.5 - $24,431 -
1981 $121.1 - $29,543 -
1980 $175.5 - $28,407 -
1979 - - $21,777 -
1978 - - $16,757 -
1977 $376 - $16,058 -
1976 $369 - $15,710 -
1975 $362 - $13,014 -
1974 $319 - $13,540 -
1973 $268.6 - $4,905 -
1972 $211.4 - $3,483 -
1971 $205.6 - $2,952 -
1970 $206.8 - $2,594 -
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/qatar | CC BY

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Qatar ranks 5th at $126,046.

Economic indicators

Equatorial Guinea Qatar
Gross domestic product
$12.8B
2025
$216B
2025
GDP rank
150/197
2025
56/197
2025
GDP growth
-5.85%
2024-2025
2.9%
2024-2025
GDP per capita
$6,615
2025
$72,525
2025
GDP per capita rank
107/197
2025
13/197
2025
GDP per capita, PPP
$17,567
2024
$126,046
2024
GDP per capita PPP rank
106/197
2024
5/197
2024
Government debt
$5.21B
2025
$89.2B
2025
Debt-to-GDP ratio
40.6%
2025
41.4%
2025
Government debt per person
$2,686
2025
$30,009
2025
Government debt per person rank
109/185
2025
24/185
2025
Average annual personal income after taxes
$4,723
2026
$37,042
2026
Market capitalization of domestic companies n/a
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
29.1%
2022
25.8%
2017
Income share by poorest 10%
2.6%
2022
2.6%
2017
Government expenditure, % of GDP
20.7%
2025
27.1%
2025
Consumer prices inflation
2.8%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
8.6%
2014
0.1%
2024
Population
2008950
3058826

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Qatar
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 27.1% 41.4%
2024 18.5% 36.4% 26% 41.3%
2023 19.2% 39.1% 26.7% 42.8%
2022 14.8% 29.8% 24.3% 42.6%
2021 12.7% 42.3% 29.4% 58.4%
2020 16.2% 49.4% 34.7% 72.6%
2019 16.8% 43.2% 32.5% 62.1%
2018 19.1% 40.6% 28.9% 52.2%
2017 20.1% 36.2% 34.7% 51.6%
2016 27.8% 41.1% 40.1% 46.7%
2015 41.6% 31.7% 38.6% 35.5%
2014 31.6% 12.6% 32.3% 24.9%
2013 29.3% 6.27% 28.3% 30.9%
2012 35.2% 7.1% 31% 32.1%
2011 27.5% 7.17% 28.5% 33.5%
2010 31.2% 7.89% 32% 30.4%
2009 39.8% 4.34% 36.4% 36%
2008 19.9% 0.49% 23.5% 11.4%
2007 19.7% 0.75% 29.5% 9.37%
2006 18.1% 1.22% 29.5% 13.9%
2005 14.1% 2.85% 29% 19.1%
2004 15.5% 4.54% 29.9% 30.1%
2003 11.8% 6.77% 28.5% 38.8%
2002 11.3% 19.4% 31.6% 47.7%
2001 13.5% 25.5% 32.1% 59.2%
2000 22.6% 36.6% 29.8% 51.6%
1999 18.7% 60.5% 42.4% 81.8%
1998 35.1% 59.2% 55.1% 76.6%
1997 14.8% 46.3% 47.6% 54.4%
1996 22.9% 91.2% 55.2% 57.8%
1995 141.5% 136.9% 52.2% 50.2%
1994 510% 216% 59.8% 54.8%
1993 256.3% 152.6% 62.8% 46.3%
1992 595% 136.9% 54.2% 19.9%
1991 284.5% 169.5% 57.5% 21.8%
1990 212.9% 157% 50% 12.6%
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/qatar | CC BY

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 41.4% in Qatar, ranking 132/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Qatar
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Qatar
2025 -2.55% -1%
2024 -0.55% 0.71%
2023 2.39% 5.51%
2022 11.7% 10.4%
2021 2.65% 0.24%
2020 -1.77% -2.13%
2019 1.82% 1%
2018 0.52% 2.26%
2017 -2.59% -6.82%
2016 -10.9% -9.2%
2015 -15.1% 18.4%
2014 -7.54% 13.4%
2013 -4.4% 19.3%
2012 -7.24% 8.55%
2011 0.83% 5.24%
2010 -4.53% 4.6%
2009 -6.47% 14.1%
2008 14.6% 9.49%
2007 17.2% 10.3%
2006 21.8% 8.39%
2005 18.5% 9.8%
2004 9.22% 17.7%
2003 9.99% 6.71%
2002 17.6% 7.89%
2001 14.9% 4.48%
2000 -2.67% 4.62%
1999 -0.19% -4.35%
1998 -7.65% -7%
1997 3.21% -9.4%
1996 -6.36% -8.73%
1995 -123.4% -5.78%
1994 -487% -11.8%
1993 -217.9% -9.53%
1992 -557% -2.74%
1991 -236% -2.57%
1990 -160.2% 3.23%
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/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Equatorial Guinea recorded a fiscal deficit in 21 of those years, while Qatar ran a deficit in 13 years. On average, Equatorial Guinea posted an annual deficit equal to 47.7% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Equatorial Guinea

Qatar
1x
Year Consumer prices inflation
Equatorial Guinea Qatar
2025 2.8% 0.6%
2024 3.4% 1.2%
2023 2.4% 3.1%
2022 4.9% 5%
2021 -0.1% 2.3%
2020 4.8% -2.5%
2019 1.2% -0.9%
2018 1.3% 0.1%
2017 0.7% 0.6%
2016 1.4% 2.7%
2015 1.7% 0.9%
2014 4.3% 4.2%
2013 3.2% 3.1%
2012 3.4% 1.8%
2011 4.8% 2%
2010 5.3% -2.4%
2009 5.7% -4.9%
2008 4.7% 15.1%
2007 2.8% 13.7%
2006 4.5% 11.7%
2005 5.6% 9%
2004 4.2% 6.8%
2003 7.3% 2.3%
2002 7.6% 0.2%
2001 8.7% 1.7%
2000 4.8% 1.6%
1999 0.4% 2.2%
1998 7.9% 2.9%
1997 3% 2.7%

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

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

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 2.99% in Qatar. In 2025, inflation was 2.8% in Equatorial Guinea and 0.6% in Qatar.

Balance of trade

Equatorial Guinea Qatar
Current account balance
-$344M
1996
$31.9B
2025
Current account balance ranking
98/190
1996
17/190
2025
Current account balance, % of GDP
-148%
1996
+14.8%
2025
Goods imports
$292M
1996
$34.3B
2025
Goods exports
$175M
1996
$90B
2025
Service imports
$185M
1996
$31.3B
2025
Service exports
$4.88M
1996
$24.4B
2025
Imports of goods and services, % of GDP
28.4%
2025
31.6%
2022
Exports of goods and services, % of GDP
46.5%
2025
68.6%
2022

Economic freedom indices

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

Equatorial Guinea Qatar
Economic freedom 47.4 70.2
Economic freedom ranking 175/197 37/197
Property rights 16.9 66.2
Government integrity 6.9 53.5
Judicial effectiveness 7.2 41.5
Tax burden 81 99.9
Government spending 90.8 79.9
Fiscal health 97.3 96.6
Business freedom 35.9 68
Labor freedom 45.2 58.5
Monetary freedom 73.5 76
Trade freedom 43.6 81.8
Investment freedom 40 60
Financial freedom 30 60

Economic freedom comparison by year

Equatorial Guinea
Qatar
1x
Year Economic freedom index
Equatorial Guinea Qatar
2026 47.4 70.2
2025 47.7 70.2
2024 47.7 68.8
2023 48.3 68.6
2022 47.2 67.7
2021 49.2 72
2020 48.3 72.3
2019 41 72.6
2018 42 72.6
2017 45 73.1
2016 43.7 70.7
2015 40.4 70.8
2014 44.4 71.2
2013 42.3 71.3
2012 42.8 71.3
2011 47.5 70.5
2010 48.6 69
2009 51.3 65.8
2008 51.6 62.2
2007 53.2 62.9
2006 51.5 62.4
2005 53.3 63.5
2004 53.3 66.5
2003 53.1 65.9
2002 46.4 61.9
2001 47.9 60
2000 45.6 62
1999 45.1 62

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Qatar
Services, % of GDP
55.5%
2025
47%
2025
Industry, % of GDP
41.4%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
0.31%
2025
GNI, Atlas method
$11.4B
2025
$221B
2025
GNI per capita, PPP
$14,610
2025
$126,290
2025
Total reserves including gold
$1.08B
2024
$55.8B
2025
Total reserves ranking
141/177
2024
45/177
2025
Net foreign direct investment
-$376M
1996
$311M
2025
Net inflows of foreign direct investment
$188M
2024
$460M
2024
Net outflows of foreign direct investment
$154M
2024
$1.56B
2024
Poverty at national poverty lines
50.7%
2022
n/a
Gross capital formation, % of GDP
-3.68%
2025
30.6%
2022

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/qatar | 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 (1985–1989, 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)

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.