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Economy of Equatorial Guinea vs Singapore compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $604B for Singapore, ranking 150/197 and 28/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Equatorial Guinea vs Singapore GDP by year

Equatorial Guinea
Singapore
1x
Year GDP, current $
Equatorial Guinea Singapore
2025 $12,823,210,426 $603,869,516,999
2024 $13,254,388,261 $572,877,260,178
2023 $12,541,814,273 $511,181,761,244
2022 $13,687,643,436 $514,252,535,239
2021 $12,215,878,033 $441,110,903,525
2020 $9,893,816,008 $351,226,533,656
2019 $11,364,133,550 $376,827,390,962
2018 $13,097,012,134 $377,976,367,877
2017 $12,200,913,879 $344,795,119,214
2016 $11,240,808,848 $320,759,207,439
2015 $13,185,496,881 $307,998,545,269
2014 $21,765,453,082 $314,863,580,758
2013 $21,948,834,284 $307,576,360,585
2012 $22,388,344,144 $295,092,888,077
2011 $21,357,343,669 $279,356,499,090
2010 $16,314,443,436 $239,807,980,591
2009 $15,027,795,173 $194,150,283,772
2008 $19,749,893,536 $193,617,323,539
2007 $13,071,718,759 $180,941,701,358
2006 $10,086,528,699 $148,627,286,361
2005 $8,217,369,093 $127,807,848,728
2004 $4,410,764,339 $115,033,593,101
2003 $2,484,745,935 $97,646,401,096
2002 $1,806,742,742 $92,538,372,870
2001 $1,461,139,022 $89,793,790,670
2000 $1,045,998,496 $96,076,539,926
1999 $621,117,886 $86,286,849,755
1998 $370,687,634 $85,728,207,782
1997 $442,337,871 $100,123,787,215
1996 $232,463,023 $96,293,086,513
1995 $141,853,361 $87,812,540,788
1994 $100,807,003 $73,688,724,431
1993 $136,047,906 $60,603,815,716
1992 $134,707,184 $52,131,320,033
1991 $110,906,029 $45,466,164,978
1990 $112,119,411 $36,144,336,769
1989 $88,265,975 $30,465,364,739
1988 $100,534,657 $25,371,462,488
1987 $93,345,860 $20,919,215,578
1986 $76,407,396 $18,586,746,057
1985 $62,118,570 $19,156,532,746
1984 $50,320,914 $19,749,361,098
1983 $44,442,457 $17,784,112,150
1982 $44,294,648 $16,084,252,378
1981 $36,731,423 $14,175,228,844
1980 $50,642,881 $11,896,256,783
1979 - $9,296,921,724
1978 - $7,517,176,355
1977 $103,987,520 $6,618,585,074
1976 $103,653,050 $6,327,077,974
1975 $104,295,643 $5,633,673,930
1974 $94,159,863 $5,221,534,956
1973 $81,203,227 $3,696,213,333
1972 $65,429,198 $2,721,440,981
1971 $64,946,955 $2,263,785,444
1970 $66,331,429 $1,920,574,150
1969 $67,225,714 $1,659,893,768
1968 $67,514,286 $1,425,706,091
1967 $72,317,447 $1,238,035,816
1966 $69,110,000 $1,096,425,608
1965 $64,748,333 $974,644,096
1964 $51,915,000 $894,153,311
1963 $44,266,667 $917,608,012
1962 $37,253,333 $826,239,212
1961 - $764,629,788
1960 - $704,751,700

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

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

GDP per capita in Equatorial Guinea vs Singapore by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $98,814 -
2024 $7,004 $17,567 $94,897 $150,689
2023 $6,788 $17,412 $86,383 $143,786
2022 $7,589 $18,140 $91,228 $143,095
2021 $6,946 $16,821 $80,885 $132,617
2020 $5,764 $13,677 $61,773 $101,518
2019 $6,804 $16,451 $66,069 $105,335
2018 $8,102 $18,413 $67,033 $103,963
2017 $7,809 $18,435 $61,436 $95,744
2016 $7,453 $16,649 $57,204 $89,902
2015 $9,069 $19,479 $55,646 $87,156
2014 $15,549 $27,177 $57,565 $84,555
2013 $16,304 $27,910 $56,967 $83,088
2012 $17,309 $30,012 $55,548 $82,108
2011 $17,198 $27,242 $53,891 $80,052
2010 $13,720 $26,168 $47,237 $75,401
2009 $13,233 $29,722 $38,927 $66,213
2008 $18,211 $30,523 $40,009 $67,735
2007 $12,617 $26,611 $39,433 $68,805
2006 $10,185 $23,511 $33,768 $64,061
2005 $8,674 $22,137 $29,961 $58,822
2004 $4,901 $19,354 $27,608 $54,384
2003 $2,931 $14,496 $23,730 $48,778
2002 $2,264 $13,255 $22,160 $45,083
2001 $1,949 $11,627 $21,700 $43,109
2000 $1,487 $7,420 $23,853 $43,781
1999 $931 $6,470 $21,797 $39,949
1998 $578 $5,280 $21,829 $37,560
1997 $717 $4,387 $26,376 $39,286
1996 $392 $1,793 $26,233 $36,873
1995 $248.3 $1,098 $24,915 $35,090
1994 $183.2 $951 $21,552 $33,058
1993 $256.7 $828 $18,290 $30,062
1992 $263.7 $756 $16,136 $27,022
1991 $225.3 $569 $14,502 $25,530
1990 $236.4 $577 $11,862 $23,815
1989 $193.2 - $10,395 -
1988 $228.7 - $8,914 -
1987 $220.9 - $7,539 -
1986 $188.8 - $6,800 -
1985 $161.1 - $7,002 -
1984 $137.9 - $7,228 -
1983 $129.4 - $6,633 -
1982 $137.5 - $6,078 -
1981 $121.1 - $5,597 -
1980 $175.5 - $4,928 -
1979 - - $3,901 -
1978 - - $3,194 -
1977 $376 - $2,846 -
1976 $369 - $2,759 -
1975 $362 - $2,490 -
1974 $319 - $2,342 -
1973 $268.6 - $1,685 -
1972 $211.4 - $1,264 -
1971 $205.6 - $1,071 -
1970 $206.8 - $926 -
1969 $208.4 - $813 -
1968 $211.7 - $709 -
1967 $231.9 - $626 -
1966 $226.7 - $567 -
1965 $217.1 - $517 -
1964 $177.8 - $486 -
1963 $154.8 - $511 -
1962 $132.9 - $472 -
1961 - - $449 -
1960 - - $428 -

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

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

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Singapore ranks 2nd at $150,689.

Economic indicators

Equatorial Guinea Singapore
Gross domestic product
$12.8B
2025
$604B
2025
GDP rank
150/197
2025
28/197
2025
GDP growth
-5.85%
2024-2025
5.03%
2024-2025
GDP per capita
$6,615
2025
$98,814
2025
GDP per capita rank
107/197
2025
7/197
2025
GDP per capita, PPP
$17,567
2024
$150,689
2024
GDP per capita PPP rank
106/197
2024
2/197
2024
Government debt
$5.21B
2025
$1.03T
2025
Debt-to-GDP ratio
40.6%
2025
171.3%
2025
Government debt per person
$2,686
2025
$169,228
2025
Government debt per person rank
109/185
2025
1/185
2025
Average annual personal income after taxes
$4,723
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
2026
Income share by richest 10%
29.1%
2022
n/a
Income share by poorest 10%
2.6%
2022
n/a
Government expenditure, % of GDP
20.7%
2025
15.5%
2025
Consumer prices inflation
2.8%
2024-2025
0.9%
2024-2025
Unemployment rate
8.6%
2014
3.26%
2025
Population
2008950
6167445

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Singapore
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 15.5% 171.3%
2024 18.5% 36.4% 14.3% 166%
2023 19.2% 39.1% 14.6% 170.4%
2022 14.8% 29.8% 14.9% 153.3%
2021 12.7% 42.3% 15.4% 139.9%
2020 16.2% 49.4% 24% 147.1%
2019 16.8% 43.2% 14% 127.7%
2018 19.1% 40.6% 13.9% 109.2%
2017 20.1% 36.2% 13.6% 107.3%
2016 27.8% 41.1% 15.2% 105.9%
2015 41.6% 31.7% 14.4% 102.1%
2014 31.6% 12.6% 12.6% 97.7%
2013 29.3% 6.27% 10.9% 98.2%
2012 35.2% 7.1% 9.83% 106.7%
2011 27.5% 7.17% 9.66% 103.1%
2010 31.2% 7.89% 10.2% 98.7%
2009 39.8% 4.34% 15.9% 101.7%
2008 19.9% 0.49% 14% 97.9%
2007 19.7% 0.75% 9.01% 87.8%
2006 18.1% 1.22% 12.3% 86.5%
2005 14.1% 2.85% 12.4% 92.7%
2004 15.5% 4.54% 14.1% 95.7%
2003 11.8% 6.77% 15.6% 99.1%
2002 11.3% 19.4% 15.9% 96.3%
2001 13.5% 25.5% 18.2% 94.5%
2000 22.6% 36.6% 16.1% 82.3%
1999 18.7% 60.5% 15.9% 85.3%
1998 35.1% 59.2% 18.1% 84.6%
1997 14.8% 46.3% 14.5% 70.8%
1996 22.9% 91.2% 18.1% 71.3%
1995 141.5% 136.9% 13.8% 69.8%
1994 510% 216% 11.7% 70.7%
1993 256.3% 152.6% 14.5% 71.2%
1992 595% 136.9% 14.5% 79%
1991 284.5% 169.5% 15.9% 76.4%
1990 212.9% 157% 15.1% 73.5%
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/singapore | CC BY

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 171.3% in Singapore, ranking 132/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Singapore
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Singapore
2025 -2.55% 4.16%
2024 -0.55% 3.79%
2023 2.39% 3.42%
2022 11.7% 1.2%
2021 2.65% 1.11%
2020 -1.77% -6.68%
2019 1.82% 3.76%
2018 0.52% 3.67%
2017 -2.59% 5.23%
2016 -10.9% 3.24%
2015 -15.1% 2.86%
2014 -7.54% 4.6%
2013 -4.4% 5.96%
2012 -7.24% 7.34%
2011 0.83% 7.96%
2010 -4.53% 5.68%
2009 -6.47% -0.09%
2008 14.6% 3.59%
2007 17.2% 7.12%
2006 21.8% 2.16%
2005 18.5% 2.56%
2004 9.22% 2.06%
2003 9.99% 0.68%
2002 17.6% 2.23%
2001 14.9% 1.2%
2000 -2.67% 4.59%
1999 -0.19% 5.2%
1998 -7.65% 2.41%
1997 3.21% 5.66%
1996 -6.36% 1.98%
1995 -123.4% 4.8%
1994 -487% 7.9%
1993 -217.9% 4.36%
1992 -557% 2.7%
1991 -236% 0.68%
1990 -160.2% 1.97%
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/singapore | 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 Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 36 years, Equatorial Guinea recorded a fiscal deficit in 21 of those years, while Singapore ran a deficit in 2 years. On average, Equatorial Guinea posted an annual deficit equal to 47.7% of GDP, compared to surplus of 3.36% of GDP for Singapore.

Inflation comparison by year

Inflation
Equatorial Guinea

Singapore
1x
Year Consumer prices inflation
Equatorial Guinea Singapore
2025 2.8% 0.9%
2024 3.4% 2.39%
2023 2.4% 4.83%
2022 4.9% 6.13%
2021 -0.1% 2.32%
2020 4.8% -0.17%
2019 1.2% 0.57%
2018 1.3% 0.44%
2017 0.7% 0.58%
2016 1.4% -0.53%
2015 1.7% -0.52%
2014 4.3% 1.03%
2013 3.2% 2.36%
2012 3.4% 4.58%
2011 4.8% 5.25%
2010 5.3% 2.83%
2009 5.7% 0.59%
2008 4.7% 6.64%
2007 2.8% 2.11%
2006 4.5% 0.97%
2005 5.6% 0.43%
2004 4.2% 1.66%
2003 7.3% 0.51%
2002 7.6% -0.39%
2001 8.7% 1%
2000 4.8% 1.36%
1999 0.4% 0.02%
1998 7.9% -0.27%
1997 3% 2%

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/singapore | CC BY

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 1.71% in Singapore. In 2025, inflation was 2.8% in Equatorial Guinea and 0.9% in Singapore.

Top exports between countries

Equatorial Guinea
Export category Export value
Raw materials & minerals $4.07M
Machinery & equipment $28K
Metals $4K
Textiles & consumer goods $3K
Chemicals & pharma $1K
Singapore
Export category Export value
Machinery & equipment $2.87M
Metals $1.06M
Raw materials & minerals $285K
Processed food, beverages & tobacco $203K
Chemicals & pharma $100K
Textiles & consumer goods $55K
Miscellaneous $34K
Wood & paper products $7K
Precious metals & jewellery $1K

Balance of trade

Equatorial Guinea Singapore
Current account balance
-$344M
1996
$101B
2025
Current account balance ranking
98/190
1996
8/190
2025
Current account balance, % of GDP
-148%
1996
+16.7%
2025
Goods imports
$292M
1996
$475B
2025
Goods exports
$175M
1996
$652B
2025
Service imports
$185M
1996
$385B
2025
Service exports
$4.88M
1996
$422B
2025
Imports of goods and services, % of GDP
28.4%
2025
142.5%
2025
Exports of goods and services, % of GDP
46.5%
2025
177.9%
2025

Economic freedom indices

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

Equatorial Guinea Singapore
Economic freedom 47.4 84.4
Economic freedom ranking 175/197 1/197
Property rights 16.9 89.2
Government integrity 6.9 86.1
Judicial effectiveness 7.2 58.3
Tax burden 81 89.5
Government spending 90.8 93.4
Fiscal health 97.3 80
Business freedom 35.9 90.6
Labor freedom 45.2 77
Monetary freedom 73.5 83.5
Trade freedom 43.6 95
Investment freedom 40 90
Financial freedom 30 80

Economic freedom comparison by year

Equatorial Guinea
Singapore
1x
Year Economic freedom index
Equatorial Guinea Singapore
2026 47.4 84.4
2025 47.7 84.1
2024 47.7 83.5
2023 48.3 83.9
2022 47.2 84.4
2021 49.2 89.7
2020 48.3 89.4
2019 41 89.4
2018 42 88.8
2017 45 88.6
2016 43.7 87.8
2015 40.4 89.4
2014 44.4 89.4
2013 42.3 88
2012 42.8 87.5
2011 47.5 87.2
2010 48.6 86.1
2009 51.3 87.1
2008 51.6 87.3
2007 53.2 87.1
2006 51.5 88
2005 53.3 88.6
2004 53.3 88.9
2003 53.1 88.2
2002 46.4 87.4
2001 47.9 87.8
2000 45.6 87.7
1999 45.1 86.9
1998 - 87
1997 - 87.3
1996 - 86.5
1995 - 86.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Singapore
Services, % of GDP
55.5%
2025
71.6%
2025
Industry, % of GDP
41.4%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
0.02%
2025
GNI, Atlas method
$11.4B
2025
$500B
2025
GNI per capita, PPP
$14,610
2025
$135,750
2025
Total reserves including gold
$1.08B
2024
$432B
2025
Total reserves ranking
141/177
2024
11/177
2025
Net foreign direct investment
-$376M
1996
-$64.9B
2025
Net inflows of foreign direct investment
$188M
2024
$135B
2024
Net outflows of foreign direct investment
$154M
2024
$63.6B
2024
Poverty at national poverty lines
50.7%
2022
n/a
Gross capital formation, % of GDP
-3.68%
2025
22.5%
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/singapore | 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 (1995–2026, 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. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.