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Economy of Equatorial Guinea vs Seychelles compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $2.17B for the Seychelles, ranking 148/197 and 178/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Equatorial Guinea vs Seychelles GDP by year

Equatorial Guinea
Seychelles
1x
Year GDP, current $
Equatorial Guinea Seychelles
2024 $12,765,777,677 $2,167,239,562
2023 $12,337,550,584 $2,187,379,755
2022 $13,687,643,436 $2,018,346,589
2021 $12,215,878,033 $1,487,173,795
2020 $9,893,816,008 $1,382,551,752
2019 $11,364,133,550 $1,868,690,097
2018 $13,097,012,134 $1,784,313,927
2017 $12,200,913,879 $1,675,370,641
2016 $11,240,808,848 $1,568,513,348
2015 $13,185,496,881 $1,432,403,352
2014 $21,765,453,082 $1,387,577,870
2013 $21,948,834,284 $1,333,160,407
2012 $22,388,344,144 $1,089,407,839
2011 $21,357,343,669 $1,058,918,707
2010 $16,314,443,436 $981,616,542
2009 $15,027,795,173 $850,901,620
2008 $19,749,893,536 $979,597,394
2007 $13,071,718,759 $1,077,308,814
2006 $10,086,528,699 $1,081,441,283
2005 $8,217,369,093 $977,899,382
2004 $4,410,764,339 $893,012,218
2003 $2,484,745,935 $750,847,230
2002 $1,806,742,742 $742,134,838
2001 $1,461,139,022 $662,064,156
2000 $1,045,998,496 $654,212,394
1999 $621,117,886 $662,838,615
1998 $370,687,634 $647,287,376
1997 $442,337,871 $598,966,982
1996 $232,463,023 $535,250,347
1995 $141,853,361 $540,733,048
1994 $100,807,003 $517,570,058
1993 $136,047,906 $504,230,621
1992 $134,707,184 $461,409,399
1991 $110,906,029 $398,307,170
1990 $112,119,411 $392,163,561
1989 $88,265,975 $324,333,367
1988 $100,534,657 $301,985,618
1987 $93,345,860 $265,212,957
1986 $76,407,396 $221,147,061
1985 $62,118,570 $179,691,483
1984 $50,320,914 $160,992,921
1983 $44,442,457 $156,098,237
1982 $44,294,648 $157,211,790
1981 $36,731,423 $163,750,728
1980 $50,642,881 $156,783,830
1979 - $127,261,099
1978 - $85,552,366
1977 $103,987,520 $64,526,401
1976 $103,653,050 $49,278,982
1975 $104,295,643 $47,803,146
1974 $94,159,863 $43,134,496
1973 $81,203,227 $36,896,280
1972 $65,429,198 $30,645,123
1971 $64,946,955 $21,965,951
1970 $66,331,429 $18,432,032
1969 $67,225,714 $16,452,028
1968 $67,514,286 $16,074,028
1967 $72,317,447 $16,632,032
1966 $69,110,000 $16,443,034
1965 $64,748,333 $15,603,032
1964 $51,915,000 $15,393,032
1963 $44,266,667 $13,923,029
1962 $37,253,333 $12,642,026
1961 - $11,592,024
1960 - $12,012,025

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Equatorial Guinea vs Seychelles by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $17,859 $33,239
2023 $6,678 $17,412 $18,263 $31,781
2022 $7,589 $18,140 $16,837 $29,973
2021 $6,946 $16,821 $14,983 $29,980
2020 $5,764 $13,677 $14,041 $31,056
2019 $6,804 $16,451 $19,142 $34,219
2018 $8,102 $18,413 $18,440 $32,091
2017 $7,809 $18,435 $17,480 $30,675
2016 $7,453 $16,649 $16,567 $28,811
2015 $9,069 $19,479 $15,333 $25,435
2014 $15,549 $27,177 $15,188 $24,985
2013 $16,304 $27,910 $14,821 $22,487
2012 $17,309 $30,012 $12,337 $22,264
2011 $17,198 $27,242 $12,110 $21,781
2010 $13,720 $26,168 $10,935 $18,982
2009 $13,233 $29,722 $9,747 $18,453
2008 $18,211 $30,523 $11,265 $18,881
2007 $12,617 $26,611 $12,669 $19,473
2006 $10,185 $23,511 $12,783 $17,503
2005 $8,674 $22,137 $11,802 $15,846
2004 $4,901 $19,354 $10,828 $14,160
2003 $2,931 $14,496 $9,070 $14,142
2002 $2,264 $13,255 $8,864 $14,570
2001 $1,949 $11,627 $8,153 $14,615
2000 $1,487 $7,420 $8,064 $14,638
1999 $931 $6,470 $8,243 $13,853
1998 $578 $5,280 $8,210 $13,675
1997 $717 $4,387 $7,747 $13,458
1996 $392 $1,793 $7,004 $11,931
1995 $248.3 $1,098 $7,181 $10,809
1994 $183.2 $951 $6,975 $10,692
1993 $256.7 $828 $6,979 $11,020
1992 $263.7 $756 $6,520 $10,243
1991 $225.3 $569 $5,655 $9,387
1990 $236.4 $577 $5,642 $8,955
1989 $193.2 - $4,689 -
1988 $228.7 - $4,392 -
1987 $220.9 - $3,872 -
1986 $188.8 - $3,368 -
1985 $161.1 - $2,754 -
1984 $137.9 - $2,488 -
1983 $129.4 - $2,426 -
1982 $137.5 - $2,441 -
1981 $121.1 - $2,557 -
1980 $175.5 - $2,478 -
1979 - - $2,030 -
1978 - - $1,377 -
1977 $376 - $1,044 -
1976 $369 - $814 -
1975 $362 - $806 -
1974 $319 - $745 -
1973 $268.6 - $649 -
1972 $211.4 - $547 -
1971 $205.6 - $402 -
1970 $206.8 - $344 -
1969 $208.4 - $314 -
1968 $211.7 - $314 -
1967 $231.9 - $333 -
1966 $226.7 - $338 -
1965 $217.1 - $328 -
1964 $177.8 - $332 -
1963 $154.8 - $308 -
1962 $132.9 - $287 -
1961 - - $270.3 -
1960 - - $288.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while the Seychelles ranks 67th at $33,239.

Economic indicators

Equatorial Guinea Seychelles
Gross domestic product
$12.8B
2024
$2.17B
2024
GDP rank
148/197
2024
178/197
2024
GDP growth
0.91%
2023-2024
3.47%
2023-2024
GDP per capita
$6,745
2024
$17,859
2024
GDP per capita rank
106/197
2024
63/197
2024
GDP per capita, PPP
$17,567
2024
$33,239
2024
GDP per capita PPP rank
106/197
2024
67/197
2024
Government debt
$4.65B
2024
$1.25B
2024
Debt-to-GDP ratio
36.4%
2024
57.6%
2024
Government debt per person
$2,458
2024
$10,288
2024
Government debt per person rank
110/185
2024
57/185
2024
Average annual personal income after taxes
$5,042
2026
$10,944
2026
Market capitalization of domestic companies n/a
$811M
2024
Income share by richest 10%
29.1%
2022
23.9%
2018
Income share by poorest 10%
2.6%
2022
2.6%
2018
Government expenditure, % of GDP
18.5%
2024
33.8%
2024
Consumer prices inflation
3.4%
2023-2024
0.31%
2023-2024
Central bank interest rate n/a
1.75%
2024
Unemployment rate
8.6%
2014
2.59%
2024
Population
1998075
126311

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Seychelles
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 33.8% 57.6%
2023 19.2% 39.1% 32.9% 55.3%
2022 14.8% 29.8% 31.3% 60%
2021 12.7% 42.3% 38.8% 71%
2020 16.2% 49.4% 46.7% 77.4%
2019 16.8% 43.2% 31.7% 48.9%
2018 19.1% 40.6% 33% 51.3%
2017 20.1% 36.2% 34.3% 56.7%
2016 27.8% 41.1% 34.5% 62.8%
2015 41.6% 31.7% 31.5% 64.7%
2014 31.6% 12.6% 33.4% 70.4%
2013 29.3% 6.27% 37.8% 68.2%
2012 35.2% 7.1% 38.6% 80.1%
2011 27.5% 7.17% 36.4% 82.5%
2010 31.2% 7.89% 34.6% 82.2%
2009 39.8% 4.34% 32.1% 106.1%
2008 19.9% 0.49% 27% 192.1%
2007 19.7% 0.75% 41.9% 144%
2006 18.1% 1.22% 43.6% 135.1%
2005 14.1% 2.85% 39% 144.1%
2004 15.5% 4.54% 39.9% 163.2%
2003 11.8% 6.77% 44.6% 177%
2002 11.3% 19.4% 56.3% 195.9%
2001 13.5% 25.5% 46.8% 199.8%
2000 22.6% 36.6% 55.4% 177.8%
1999 18.7% 60.5% 56.1% 159.8%
1998 35.1% 59.2% 60.7% 161.2%
1997 14.8% 46.3% 54.7% 143%
1996 22.9% 91.2% 59.1% 146.7%
1995 141.5% 136.9% 53.1% 133.5%
1994 510% 216% 63.6% 123.5%
1993 256.3% 152.6% 60.4% 82.2%
1992 595% 136.9% 50.7% 79.9%
1991 284.5% 169.5% 52.1% 89.2%
1990 212.9% 157% 46.1% 80.4%
1989 116.8% 187% 51.7% 39.9%
1988 227.9% 154.5% 46.7% 41.3%
1987 183% 141.3% 49.7% 37%
1986 119% 152.5% 58% 31.5%
1985 115.4% 183.8% 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 57.6% in the Seychelles, ranking 143/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Seychelles
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Seychelles
2024 -0.55% -0.69%
2023 2.39% -1.14%
2022 11.7% -0.76%
2021 2.65% -5.76%
2020 -1.77% -15.7%
2019 1.82% 0.42%
2018 0.52% -0.8%
2017 -2.59% -1.67%
2016 -10.9% 0.02%
2015 -15.1% 1.39%
2014 -7.54% 2.87%
2013 -4.4% 0.33%
2012 -7.24% 2.93%
2011 0.83% 3.36%
2010 -4.53% 0.52%
2009 -6.47% 4.84%
2008 14.6% 7.88%
2007 17.2% -9.93%
2006 21.8% -2.54%
2005 18.5% 0.42%
2004 9.22% 0.44%
2003 9.99% 3.4%
2002 17.6% -16.3%
2001 14.9% -8.93%
2000 -2.67% -14.7%
1999 -0.19% -10.3%
1998 -7.65% -16.7%
1997 3.21% -5.91%
1996 -6.36% -9.69%
1995 -123.4% -2.58%
1994 -487% -6.95%
1993 -217.9% -3.62%
1992 -557% 6.44%
1991 -236% 3.15%
1990 -160.2% 11.9%
1989 -76.2% 8.26%
1988 -208.5% 11.8%
1987 -158% 2.77%
1986 -97.3% -10.1%
1985 -89.3% -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 40 years, Equatorial Guinea recorded a fiscal deficit in 25 of those years, while the Seychelles ran a deficit in 21 years. On average, Equatorial Guinea posted an annual deficit equal to 58.6% of GDP, compared to deficit of 1.91% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Equatorial Guinea

Seychelles
1x
Year Consumer prices inflation
Equatorial Guinea Seychelles
2024 3.4% 0.31%
2023 2.4% -1.04%
2022 4.9% 2.63%
2021 -0.1% 9.77%
2020 4.8% 1.2%
2019 1.2% 1.81%
2018 1.3% 3.7%
2017 0.7% 2.86%
2016 1.4% -1.02%
2015 1.7% 4.04%
2014 4.3% 1.39%
2013 3.2% 4.34%
2012 3.4% 7.11%
2011 4.8% 2.56%
2010 5.3% -2.4%
2009 5.7% 31.8%
2008 4.7% 37%
2007 2.8% 5.32%
2006 4.5% -0.35%
2005 5.6% 0.91%
2004 4.2% 3.86%
2003 7.3% 3.3%
2002 7.6% 0.18%
2001 8.7% 5.97%
2000 4.8% 6.27%
1999 0.4% 6.35%
1998 7.9% 2.58%
1997 3% 0.62%

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/seychelles | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 5.03% in the Seychelles. In 2024, inflation was 3.4% in Equatorial Guinea and 0.31% in the Seychelles.

Balance of trade

Equatorial Guinea Seychelles
Current account balance
-$344M
1996
-$176M
2024
Current account balance ranking
101/190
1996
97/190
2024
Current account balance, % of GDP
-148%
1996
-8.11%
2024
Goods imports
$292M
1996
$1.39B
2024
Goods exports
$175M
1996
$595M
2024
Service imports
$185M
1996
$1B
2024
Service exports
$4.88M
1996
$1.71B
2024
Imports of goods and services, % of GDP
25.4%
2024
103.2%
2024
Exports of goods and services, % of GDP
35.2%
2024
85.2%
2024

Economic freedom indices

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

Equatorial Guinea Seychelles
Economic freedom 47.4 66.5
Economic freedom ranking 175/197 60/197
Property rights 16.9 82.6
Government integrity 6.9 71.7
Judicial effectiveness 7.2 61.7
Tax burden 81 77.3
Government spending 90.8 68
Fiscal health 97.3 92.2
Business freedom 35.9 71.3
Labor freedom 45.2 52
Monetary freedom 73.5 79.8
Trade freedom 43.6 81.2
Investment freedom 40 30
Financial freedom 30 30

Economic freedom comparison by year

Equatorial Guinea
Seychelles
1x
Year Economic freedom index
Equatorial Guinea Seychelles
2026 47.4 66.5
2025 47.7 66.4
2024 47.7 60.4
2023 48.3 59.5
2022 47.2 61.1
2021 49.2 66.3
2020 48.3 64.3
2019 41 61.4
2018 42 61.6
2017 45 61.8
2016 43.7 62.2
2015 40.4 57.5
2014 44.4 56.2
2013 42.3 54.9
2012 42.8 53
2011 47.5 51.2
2010 48.6 47.9
2009 51.3 47.8
2008 51.6 -
2007 53.2 -
2006 51.5 -
2005 53.3 -
2004 53.3 -
2003 53.1 -
2002 46.4 -
2001 47.9 -
2000 45.6 -
1999 45.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Seychelles
Services, % of GDP
51.1%
2024
65.8%
2024
Industry, % of GDP
45.8%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
2.45%
2024
GNI, Atlas method
$8.96B
2024
$2.12B
2024
GNI per capita, PPP
$12,330
2024
$32,180
2024
Total reserves including gold
$1.54B
2023
$774M
2024
Total reserves ranking
134/177
2023
145/177
2024
Net foreign direct investment
-$376M
1996
-$262M
2024
Net inflows of foreign direct investment
$188M
2024
$226M
2024
Net outflows of foreign direct investment
$154M
2024
-$35.4M
2024
Poverty at national poverty lines
50.7%
2022
25.3%
2018
Gross capital formation, % of GDP
8.96%
2024
17.2%
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/seychelles | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.