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Economy of Equatorial Guinea vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $99B for Sri Lanka, ranking 148/197 and 72/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Equatorial Guinea vs Sri Lanka GDP by year

Equatorial Guinea
Sri Lanka
1x
Year GDP, current $
Equatorial Guinea Sri Lanka
2024 $12,765,777,677 $98,963,185,510
2023 $12,337,550,584 $83,716,142,582
2022 $13,687,643,436 $74,143,020,263
2021 $12,215,878,033 $88,556,698,938
2020 $9,893,816,008 $84,335,574,582
2019 $11,364,133,550 $88,998,706,297
2018 $13,097,012,134 $94,450,015,983
2017 $12,200,913,879 $94,369,350,286
2016 $11,240,808,848 $88,000,211,172
2015 $13,185,496,881 $85,090,301,052
2014 $21,765,453,082 $82,531,125,191
2013 $21,948,834,284 $76,976,203,829
2012 $22,388,344,144 $70,447,217,164
2011 $21,357,343,669 $67,753,285,897
2010 $16,314,443,436 $58,636,049,434
2009 $15,027,795,173 $42,066,224,093
2008 $19,749,893,536 $40,713,826,215
2007 $13,071,718,759 $32,350,238,760
2006 $10,086,528,699 $28,267,410,543
2005 $8,217,369,093 $24,405,791,045
2004 $4,410,764,339 $20,662,525,941
2003 $2,484,745,935 $18,881,765,437
2002 $1,806,742,742 $16,536,535,647
2001 $1,461,139,022 $15,749,753,805
2000 $1,045,998,496 $16,595,882,819
1999 $621,117,886 $15,711,933,513
1998 $370,687,634 $15,760,736,956
1997 $442,337,871 $15,091,913,884
1996 $232,463,023 $13,897,738,375
1995 $141,853,361 $13,029,697,561
1994 $100,807,003 $11,717,604,209
1993 $136,047,906 $10,338,679,636
1992 $134,707,184 $9,703,011,636
1991 $110,906,029 $9,000,362,582
1990 $112,119,411 $8,032,551,173
1989 $88,265,975 $6,987,267,684
1988 $100,534,657 $6,978,371,581
1987 $93,345,860 $6,682,167,120
1986 $76,407,396 $6,405,210,564
1985 $62,118,570 $5,978,460,972
1984 $50,320,914 $6,043,474,843
1983 $44,442,457 $5,167,913,302
1982 $44,294,648 $4,768,765,017
1981 $36,731,423 $4,415,844,156
1980 $50,642,881 $4,024,621,900
1979 - $3,364,611,432
1978 - $2,733,183,857
1977 $103,987,520 $4,104,509,583
1976 $103,653,050 $3,591,319,857
1975 $104,295,643 $3,791,298,146
1974 $94,159,863 $3,574,586,466
1973 $81,203,227 $2,875,625,000
1972 $65,429,198 $2,553,936,348
1971 $64,946,955 $2,369,308,600
1970 $66,331,429 $2,296,470,588
1969 $67,225,714 $1,965,546,218
1968 $67,514,286 $1,801,344,538
1967 $72,317,447 $1,859,465,021
1966 $69,110,000 $1,751,470,588
1965 $64,748,333 $1,698,319,328
1964 $51,915,000 $1,309,747,899
1963 $44,266,667 $1,240,672,269
1962 $37,253,333 $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

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

GeoRank.org/economy/equatorial-guinea/sri-lanka | CC BY

GDP per capita in Equatorial Guinea vs Sri Lanka by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $4,516 $15,633
2023 $6,678 $17,412 $3,799 $14,456
2022 $7,589 $18,140 $3,343 $14,194
2021 $6,946 $16,821 $3,997 $14,316
2020 $5,764 $13,677 $3,848 $12,941
2019 $6,804 $16,451 $4,082 $14,113
2018 $8,102 $18,413 $4,359 $14,178
2017 $7,809 $18,435 $4,399 $13,610
2016 $7,453 $16,649 $4,149 $13,079
2015 $9,069 $19,479 $4,058 $12,227
2014 $15,549 $27,177 $3,972 $11,721
2013 $16,304 $27,910 $3,739 $11,253
2012 $17,309 $30,012 $3,328 $10,249
2011 $17,198 $27,242 $3,225 $9,076
2010 $13,720 $26,168 $2,808 $8,234
2009 $13,233 $29,722 $2,027 $7,576
2008 $18,211 $30,523 $1,974 $7,317
2007 $12,617 $26,611 $1,579 $6,820
2006 $10,185 $23,511 $1,389 $6,261
2005 $8,674 $22,137 $1,207 $5,679
2004 $4,901 $19,354 $1,029 $5,216
2003 $2,931 $14,496 $946 $4,850
2002 $2,264 $13,255 $835 $4,522
2001 $1,949 $11,627 $804 $4,328
2000 $1,487 $7,420 $860 $4,368
1999 $931 $6,470 $829 $4,103
1998 $578 $5,280 $848 $3,952
1997 $717 $4,387 $827 $3,804
1996 $392 $1,793 $776 $3,582
1995 $248.3 $1,098 $742 $3,454
1994 $183.2 $951 $678 $3,260
1993 $256.7 $828 $607 $3,067
1992 $263.7 $756 $580 $2,851
1991 $225.3 $569 $546 $2,713
1990 $236.4 $577 $491 $2,527
1989 $193.2 - $430 -
1988 $228.7 - $434 -
1987 $220.9 - $420 -
1986 $188.8 - $407 -
1985 $161.1 - $385 -
1984 $137.9 - $391 -
1983 $129.4 - $336 -
1982 $137.5 - $312 -
1981 $121.1 - $292.5 -
1980 $175.5 - $271.1 -
1979 - - $230.8 -
1978 - - $191 -
1977 $376 - $292.1 -
1976 $369 - $260.3 -
1975 $362 - $279.8 -
1974 $319 - $268.7 -
1973 $268.6 - $220.2 -
1972 $211.4 - $199.4 -
1971 $205.6 - $188.8 -
1970 $206.8 - $186.9 -
1969 $208.4 - $163.6 -
1968 $211.7 - $153.5 -
1967 $231.9 - $162.3 -
1966 $226.7 - $156.6 -
1965 $217.1 - $155.6 -
1964 $177.8 - $122.9 -
1963 $154.8 - $119.4 -
1962 $132.9 - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

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

GeoRank.org/economy/equatorial-guinea/sri-lanka | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Equatorial Guinea Sri Lanka
Gross domestic product
$12.8B
2024
$99B
2024
GDP rank
148/197
2024
72/197
2024
GDP growth
0.91%
2023-2024
5.01%
2023-2024
GDP per capita
$6,745
2024
$4,516
2024
GDP per capita rank
106/197
2024
124/197
2024
GDP per capita, PPP
$17,567
2024
$15,633
2024
GDP per capita PPP rank
106/197
2024
111/197
2024
Government debt
$4.65B
2024
$99.8B
2024
Debt-to-GDP ratio
36.4%
2024
100.8%
2024
Government debt per person
$2,458
2024
$4,554
2024
Government debt per person rank
110/185
2024
85/185
2024
Average annual personal income after taxes
$5,042
2026
$2,874
2026
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10%
29.1%
2022
30.8%
2019
Income share by poorest 10%
2.6%
2022
3.1%
2019
Government expenditure, % of GDP
18.5%
2024
19.3%
2024
Consumer prices inflation
3.4%
2023-2024
-0.43%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
8.6%
2014
4.67%
2023
Population
1998075
22185425

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Sri Lanka
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 19.3% 100.8%
2023 19.2% 39.1% 19.5% 110.4%
2022 14.8% 29.8% 18.6% 115.9%
2021 12.7% 42.3% 20% 102.7%
2020 16.2% 49.4% 22.1% 96.9%
2019 16.8% 43.2% 19.5% 82.6%
2018 19.1% 40.6% 17.5% 83.6%
2017 20.1% 36.2% 17.9% 72.3%
2016 27.8% 41.1% 18.2% 75%
2015 41.6% 31.7% 19.3% 76.3%
2014 31.6% 12.6% 17.2% 69.6%
2013 29.3% 6.27% 16.6% 69.5%
2012 35.2% 7.1% 17.3% 67.5%
2011 27.5% 7.17% 19.1% 69.4%
2010 31.2% 7.89% 19.3% 68.7%
2009 39.8% 4.34% 21% 72.8%
2008 19.9% 0.49% 19.1% 68.8%
2007 19.7% 0.75% 19.9% 71.8%
2006 18.1% 1.22% 20.5% 74.3%
2005 14.1% 2.85% 20.1% 76.6%
2004 15.5% 4.54% 19.3% 86.5%
2003 11.8% 6.77% 19.3% 86.5%
2002 11.3% 19.4% 20.8% 96.3%
2001 13.5% 25.5% 22.4% 84.4%
2000 22.6% 36.6% 21.7% 79.2%
1999 18.7% 60.5% 20.5% 77.7%
1998 35.1% 59.2% 21.4% 74.2%
1997 14.8% 46.3% 21.4% 70.1%
1996 22.9% 91.2% 23.1% 76.2%
1995 141.5% 136.9% 24.8% 77.8%
1994 510% 216% 24.1% 77.9%
1993 256.3% 152.6% 23.2% 79.2%
1992 595% 136.9% 23% 77.9%
1991 284.5% 169.5% 26.4% 80.5%
1990 212.9% 157% 25.4% 78.9%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/sri-lanka | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 100.8% in Sri Lanka, ranking 143/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Sri Lanka
2024 -0.55% -5.64%
2023 2.39% -8.32%
2022 11.7% -10.2%
2021 2.65% -11.7%
2020 -1.77% -13.4%
2019 1.82% -7.52%
2018 0.52% -4.96%
2017 -2.59% -5.1%
2016 -10.9% -5%
2015 -15.1% -6.64%
2014 -7.54% -5.99%
2013 -4.4% -5%
2012 -7.24% -5.44%
2011 0.83% -6.01%
2010 -4.53% -6.73%
2009 -6.47% -8.33%
2008 14.6% -5.93%
2007 17.2% -5.81%
2006 21.8% -5.91%
2005 18.5% -5.93%
2004 9.22% -6.32%
2003 9.99% -6.15%
2002 17.6% -6.9%
2001 14.9% -8.48%
2000 -2.67% -7.78%
1999 -0.19% -5.58%
1998 -7.65% -6.79%
1997 3.21% -5.71%
1996 -6.36% -6.89%
1995 -123.4% -7.11%
1994 -487% -7.41%
1993 -217.9% -5.77%
1992 -557% -4.95%
1991 -236% -7.97%
1990 -160.2% -6.39%
1989 -76.2% -
1988 -208.5% -
1987 -158% -
1986 -97.3% -
1985 -89.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 35 years, Equatorial Guinea recorded a fiscal deficit in 20 of those years, while Sri Lanka ran a deficit in 35 years. On average, Equatorial Guinea posted an annual deficit equal to 49% of GDP, compared to deficit of 6.85% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Equatorial Guinea

Sri Lanka
1x
Year Consumer prices inflation
Equatorial Guinea Sri Lanka
2024 3.4% -0.43%
2023 2.4% 16.5%
2022 4.9% 49.7%
2021 -0.1% 7.01%
2020 4.8% 6.15%
2019 1.2% 3.53%
2018 1.3% 2.14%
2017 0.7% 7.7%
2016 1.4% 3.96%
2015 1.7% 3.77%
2014 4.3% 3.18%
2013 3.2% 6.91%
2012 3.4% 7.54%
2011 4.8% 6.72%
2010 5.3% 6.22%
2009 5.7% 3.46%
2008 4.7% 22.6%
2007 2.8% 15.8%
2006 4.5% 10%
2005 5.6% 11.6%
2004 4.2% 7.58%
2003 7.3% 6.31%
2002 7.6% 9.55%
2001 8.7% 14.2%
2000 4.8% 6.18%
1999 0.4% 4.69%
1998 7.9% 9.36%
1997 3% 9.57%

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/sri-lanka | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 9.34% in Sri Lanka. In 2024, inflation was 3.4% in Equatorial Guinea and -0.43% in Sri Lanka.

Top exports between countries

Equatorial Guinea
Export category Export value
Sri Lanka
Export category Export value
Raw agricultural goods $24K

Balance of trade

Equatorial Guinea Sri Lanka
Current account balance
-$344M
1996
$1.21B
2024
Current account balance ranking
101/190
1996
53/190
2024
Current account balance, % of GDP
-148%
1996
+1.22%
2024
Goods imports
$292M
1996
$18.8B
2024
Goods exports
$175M
1996
$12.8B
2024
Service imports
$185M
1996
$3.48B
2024
Service exports
$4.88M
1996
$6.91B
2024
Imports of goods and services, % of GDP
25.4%
2024
22.5%
2024
Exports of goods and services, % of GDP
35.2%
2024
19.9%
2024

Economic freedom indices

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

Equatorial Guinea Sri Lanka
Economic freedom 47.4 50.3
Economic freedom ranking 175/197 162/197
Property rights 16.9 47.3
Government integrity 6.9 37.3
Judicial effectiveness 7.2 47.2
Tax burden 81 77
Government spending 90.8 89
Fiscal health 97.3 0
Business freedom 35.9 60.1
Labor freedom 45.2 54.3
Monetary freedom 73.5 65.9
Trade freedom 43.6 65.6
Investment freedom 40 30
Financial freedom 30 30

Economic freedom comparison by year

Equatorial Guinea
Sri Lanka
1x
Year Economic freedom index
Equatorial Guinea Sri Lanka
2026 47.4 50.3
2025 47.7 49.4
2024 47.7 49.2
2023 48.3 52.2
2022 47.2 53.3
2021 49.2 55.7
2020 48.3 57.4
2019 41 56.4
2018 42 57.8
2017 45 57.4
2016 43.7 59.9
2015 40.4 58.6
2014 44.4 60
2013 42.3 60.7
2012 42.8 58.3
2011 47.5 57.1
2010 48.6 54.6
2009 51.3 56
2008 51.6 58.4
2007 53.2 59.4
2006 51.5 58.7
2005 53.3 61
2004 53.3 61.6
2003 53.1 62.5
2002 46.4 64
2001 47.9 66
2000 45.6 63.2
1999 45.1 64
1998 - 64.6
1997 - 65.5
1996 - 62.5
1995 - 60.6

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

GeoRank.org/economy/equatorial-guinea/sri-lanka | CC BY

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Sri Lanka
Services, % of GDP
51.1%
2024
57.5%
2024
Industry, % of GDP
45.8%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
8.3%
2024
GNI, Atlas method
$8.96B
2024
$84.6B
2024
GNI per capita, PPP
$12,330
2024
$15,240
2024
Total reserves including gold
$1.54B
2023
$6.09B
2024
Total reserves ranking
134/177
2023
92/177
2024
Net foreign direct investment
-$376M
1996
-$651M
2024
Net inflows of foreign direct investment
$188M
2024
$761M
2024
Net outflows of foreign direct investment
$154M
2024
$110M
2024
Servicing debt to the IMF, % of GNI n/a
4.98%
2024
Poverty at national poverty lines
50.7%
2022
14.3%
2019
Gross capital formation, % of GDP
8.96%
2024
27%
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/sri-lanka | 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 (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  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)
  9. TradeMap (2024, retrieved 2026-02-08)

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.