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Economy of Equatorial Guinea vs Romania compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $383B for Romania, ranking 148/197 and 42/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $220B (57.4% of GDP) in Romania.

Equatorial Guinea vs Romania GDP by year

Equatorial Guinea
Romania
1x
Year GDP, current $
Equatorial Guinea Romania
2024 $12,765,777,677 $382,564,217,989
2023 $12,337,550,584 $347,757,995,759
2022 $13,687,643,436 $295,319,437,557
2021 $12,215,878,033 $285,071,280,114
2020 $9,893,816,008 $250,625,048,304
2019 $11,364,133,550 $250,080,428,512
2018 $13,097,012,134 $241,791,427,224
2017 $12,200,913,879 $210,147,385,855
2016 $11,240,808,848 $185,290,759,249
2015 $13,185,496,881 $177,885,131,240
2014 $21,765,453,082 $199,722,319,676
2013 $21,948,834,284 $189,798,603,751
2012 $22,388,344,144 $179,117,323,107
2011 $21,357,343,669 $192,623,977,894
2010 $16,314,443,436 $170,064,350,672
2009 $15,027,795,173 $174,110,532,659
2008 $19,749,893,536 $214,315,932,061
2007 $13,071,718,759 $174,588,782,939
2006 $10,086,528,699 $122,023,735,993
2005 $8,217,369,093 $98,454,380,120
2004 $4,410,764,339 $74,973,656,852
2003 $2,484,745,935 $57,806,384,143
2002 $1,806,742,742 $46,065,502,703
2001 $1,461,139,022 $40,395,116,581
2000 $1,045,998,496 $37,253,739,511
1999 $621,117,886 $35,953,156,754
1998 $370,687,634 $41,696,091,974
1997 $442,337,871 $35,575,214,078
1996 $232,463,023 $36,937,074,278
1995 $141,853,361 $37,430,162,103
1994 $100,807,003 $30,072,805,104
1993 $136,047,906 $26,361,160,450
1992 $134,707,184 $25,121,666,667
1991 $110,906,029 $28,850,634,900
1990 $112,119,411 $38,247,882,300
1989 $88,265,975 $41,450,777,202
1988 $100,534,657 $40,424,528,302
1987 $93,345,860 $38,067,567,568
1986 $76,407,396 -
1985 $62,118,570 -
1984 $50,320,914 -
1983 $44,442,457 -
1982 $44,294,648 -
1981 $36,731,423 -
1980 $50,642,881 -
1979 - -
1978 - -
1977 $103,987,520 -
1976 $103,653,050 -
1975 $104,295,643 -
1974 $94,159,863 -
1973 $81,203,227 -
1972 $65,429,198 -
1971 $64,946,955 -
1970 $66,331,429 -
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/romania | CC BY

GDP per capita in Equatorial Guinea vs Romania by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $20,080 $49,077
2023 $6,678 $17,412 $18,244 $45,982
2022 $7,589 $18,140 $15,504 $41,979
2021 $6,946 $16,821 $14,908 $37,534
2020 $5,764 $13,677 $13,009 $34,194
2019 $6,804 $16,451 $12,910 $33,425
2018 $8,102 $18,413 $12,416 $29,383
2017 $7,809 $18,435 $10,728 $26,943
2016 $7,453 $16,649 $9,405 $23,905
2015 $9,069 $19,479 $8,977 $21,625
2014 $15,549 $27,177 $10,032 $20,633
2013 $16,304 $27,910 $9,498 $19,678
2012 $17,309 $30,012 $8,930 $19,808
2011 $17,198 $27,242 $9,561 $18,804
2010 $13,720 $26,168 $8,400 $17,355
2009 $13,233 $29,722 $8,548 $16,641
2008 $18,211 $30,523 $10,435 $16,782
2007 $12,617 $26,611 $8,360 $13,703
2006 $10,185 $23,511 $5,758 $11,554
2005 $8,674 $22,137 $4,618 $9,602
2004 $4,901 $19,354 $3,495 $8,989
2003 $2,931 $14,496 $2,679 $7,559
2002 $2,264 $13,255 $2,120 $7,162
2001 $1,949 $11,627 $1,825 $6,520
2000 $1,487 $7,420 $1,660 $5,850
1999 $931 $6,470 $1,600 $5,596
1998 $578 $5,280 $1,853 $5,545
1997 $717 $4,387 $1,577 $5,564
1996 $392 $1,793 $1,633 $5,746
1995 $248.3 $1,098 $1,650 $5,429
1994 $183.2 $951 $1,323 $4,995
1993 $256.7 $828 $1,158 $4,699
1992 $263.7 $756 $1,102 $4,515
1991 $225.3 $569 $1,254 $4,795
1990 $236.4 $577 $1,648 $5,280
1989 $193.2 - $1,790 -
1988 $228.7 - $1,753 -
1987 $220.9 - $1,659 -
1986 $188.8 - - -
1985 $161.1 - - -
1984 $137.9 - - -
1983 $129.4 - - -
1982 $137.5 - - -
1981 $121.1 - - -
1980 $175.5 - - -
1979 - - - -
1978 - - - -
1977 $376 - - -
1976 $369 - - -
1975 $362 - - -
1974 $319 - - -
1973 $268.6 - - -
1972 $211.4 - - -
1971 $205.6 - - -
1970 $206.8 - - -
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/romania | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Romania ranks 47th at $49,077.

Economic indicators

Equatorial Guinea Romania
Gross domestic product
$12.8B
2024
$383B
2024
GDP rank
148/197
2024
42/197
2024
GDP growth
0.91%
2023-2024
0.92%
2023-2024
GDP per capita
$6,745
2024
$20,080
2024
GDP per capita rank
106/197
2024
58/197
2024
GDP per capita, PPP
$17,567
2024
$49,077
2024
GDP per capita PPP rank
106/197
2024
47/197
2024
Government debt
$4.65B
2024
$220B
2024
Debt-to-GDP ratio
36.4%
2024
57.4%
2024
Government debt per person
$2,458
2024
$11,533
2024
Government debt per person rank
110/185
2024
48/185
2024
Average annual personal income after taxes
$5,042
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
29.1%
2022
21.8%
2023
Income share by poorest 10%
2.6%
2022
2.4%
2023
Government expenditure, % of GDP
18.5%
2024
39.9%
2024
Consumer prices inflation
3.4%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
8.6%
2014
5.43%
2024
Population
1998075
18839108

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Romania
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 39.9% 57.4%
2023 19.2% 39.1% 36.6% 52.1%
2022 14.8% 29.8% 37.4% 51.7%
2021 12.7% 42.3% 37% 51.5%
2020 16.2% 49.4% 38.1% 49.3%
2019 16.8% 43.2% 33.2% 36.5%
2018 19.1% 40.6% 31.7% 36.2%
2017 20.1% 36.2% 31% 37.1%
2016 27.8% 41.1% 31.8% 39.5%
2015 41.6% 31.7% 34.2% 39.4%
2014 31.6% 12.6% 33.8% 40.5%
2013 29.3% 6.27% 34.2% 39.3%
2012 35.2% 7.1% 33.5% 36.2%
2011 27.5% 7.17% 35% 32.6%
2010 31.2% 7.89% 37.4% 30.2%
2009 39.8% 4.34% 36.3% 22.5%
2008 19.9% 0.49% 35.3% 13%
2007 19.7% 0.75% 34.6% 12.4%
2006 18.1% 1.22% 33.9% 12.7%
2005 14.1% 2.85% 32.3% 17.8%
2004 15.5% 4.54% 33.7% 21.3%
2003 11.8% 6.77% 31.8% 24.9%
2002 11.3% 19.4% 32.1% 27.4%
2001 13.5% 25.5% 33.2% 27.4%
2000 22.6% 36.6% 35% 29.6%
1999 18.7% 60.5% 35.1% 21.7%
1998 35.1% 59.2% 34.7% 16.5%
1997 14.8% 46.3% 33.5% 15%
1996 22.9% 91.2% 33.5% 11%
1995 141.5% 136.9% 34.4% 6.91%
1994 510% 216% 33.1% -
1993 256.3% 152.6% 33.5% -
1992 595% 136.9% 41.5% -
1991 284.5% 169.5% 38.3% -
1990 212.9% 157% 38.4% -
1989 116.8% 187% 40.1% -
1988 227.9% 154.5% 36.6% -
1987 183% 141.3% 40.7% -
1986 119% 152.5% 42.5% -
1985 115.4% 183.8% 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 57.4% in Romania, ranking 143/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Romania
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Romania
2024 -0.55% -8.68%
2023 2.39% -5.61%
2022 11.7% -5.83%
2021 2.65% -6.7%
2020 -1.77% -9.54%
2019 1.82% -4.55%
2018 0.52% -2.74%
2017 -2.59% -2.86%
2016 -10.9% -2.5%
2015 -15.1% -1.35%
2014 -7.54% -1.76%
2013 -4.4% -2.44%
2012 -7.24% -2.39%
2011 0.83% -4.14%
2010 -4.53% -6.22%
2009 -6.47% -6.86%
2008 14.6% -4.6%
2007 17.2% -3.05%
2006 21.8% -1.36%
2005 18.5% -0.69%
2004 9.22% -3.39%
2003 9.99% -2.29%
2002 17.6% -2.59%
2001 14.9% -3.2%
2000 -2.67% -3.99%
1999 -0.19% -3.58%
1998 -7.65% -5.33%
1997 3.21% -5.19%
1996 -6.36% -4.74%
1995 -123.4% -3.32%
1994 -487% -2.2%
1993 -217.9% -0.35%
1992 -557% -4.55%
1991 -236% 3.23%
1990 -160.2% 1.03%
1989 -76.2% -2.87%
1988 -208.5% 8.4%
1987 -158% 2.37%
1986 -97.3% 5.72%
1985 -89.3% 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 38 years, Equatorial Guinea recorded a fiscal deficit in 23 of those years, while Romania ran a deficit in 34 years. On average, Equatorial Guinea posted an annual deficit equal to 56.7% of GDP, compared to deficit of 3.06% of GDP for Romania.

Inflation comparison by year

Inflation
Equatorial Guinea

Romania
1x
Year Consumer prices inflation
Equatorial Guinea Romania
2024 3.4% 5.6%
2023 2.4% 10.4%
2022 4.9% 13.8%
2021 -0.1% 5%
2020 4.8% 2.6%
2019 1.2% 3.8%
2018 1.3% 4.6%
2017 0.7% 1.3%
2016 1.4% -1.6%
2015 1.7% -0.6%
2014 4.3% 1.1%
2013 3.2% 4%
2012 3.4% 3.3%
2011 4.8% 5.8%
2010 5.3% 6.1%
2009 5.7% 5.6%
2008 4.7% 7.8%
2007 2.8% 4.8%
2006 4.5% 6.6%
2005 5.6% 9%
2004 4.2% 11.9%
2003 7.3% 15.4%
2002 7.6% 22.5%
2001 8.7% 34.5%
2000 4.8% 45.7%
1999 0.4% 45.8%
1998 7.9% 59.1%
1997 3% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 17.5% in Romania. In 2024, inflation was 3.4% in Equatorial Guinea and 5.6% in Romania.

Top exports between countries

Equatorial Guinea
Export category Export value
Romania
Export category Export value
Machinery & equipment $529K
Animal & marine products $381K
Textiles & consumer goods $202K
Wood & paper products $75K
Metals $32K
Raw materials & minerals $2K
Miscellaneous $1K

Balance of trade

Equatorial Guinea Romania
Current account balance
-$344M
1996
-$31.2B
2024
Current account balance ranking
101/190
1996
185/190
2024
Current account balance, % of GDP
-148%
1996
-8.16%
2024
Goods imports
$292M
1996
$129B
2024
Goods exports
$175M
1996
$93.3B
2024
Service imports
$185M
1996
$30.2B
2024
Service exports
$4.88M
1996
$42.9B
2024
Imports of goods and services, % of GDP
25.4%
2024
41.6%
2024
Exports of goods and services, % of GDP
35.2%
2024
35.6%
2024

Economic freedom indices

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

Equatorial Guinea Romania
Economic freedom 47.4 65.4
Economic freedom ranking 175/197 64/197
Property rights 16.9 81
Government integrity 6.9 50
Judicial effectiveness 7.2 67
Tax burden 81 89.1
Government spending 90.8 56.7
Fiscal health 97.3 21.4
Business freedom 35.9 74.4
Labor freedom 45.2 63.6
Monetary freedom 73.5 72.7
Trade freedom 43.6 79.4
Investment freedom 40 70
Financial freedom 30 60

Economic freedom comparison by year

Equatorial Guinea
Romania
1x
Year Economic freedom index
Equatorial Guinea Romania
2026 47.4 65.4
2025 47.7 66.5
2024 47.7 64.4
2023 48.3 64.5
2022 47.2 67.1
2021 49.2 69.5
2020 48.3 69.7
2019 41 68.6
2018 42 69.4
2017 45 69.7
2016 43.7 65.6
2015 40.4 66.6
2014 44.4 65.5
2013 42.3 65.1
2012 42.8 64.4
2011 47.5 64.7
2010 48.6 64.2
2009 51.3 63.2
2008 51.6 61.7
2007 53.2 61.2
2006 51.5 58.2
2005 53.3 52.1
2004 53.3 50
2003 53.1 50.6
2002 46.4 48.7
2001 47.9 50
2000 45.6 52.1
1999 45.1 50.1
1998 - 54.4
1997 - 50.8
1996 - 46.2
1995 - 42.9

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Romania
Services, % of GDP
51.1%
2024
62.6%
2024
Industry, % of GDP
45.8%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
2.81%
2024
GNI, Atlas method
$8.96B
2024
$335B
2024
GNI per capita, PPP
$12,330
2024
$47,920
2024
Total reserves including gold
$1.54B
2023
$73.4B
2024
Total reserves ranking
134/177
2023
35/177
2024
Net foreign direct investment
-$376M
1996
-$5.17B
2024
Net inflows of foreign direct investment
$188M
2024
$7.16B
2024
Net outflows of foreign direct investment
$154M
2024
$1.99B
2024
Poverty at national poverty lines
50.7%
2022
19%
2023
Gross capital formation, % of GDP
8.96%
2024
25%
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/romania | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, 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.