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Economy of Equatorial Guinea vs Syria compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $20B for Syria, ranking 150/197 and 134/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $18.4B (30% of GDP) in Syria.

Equatorial Guinea vs Syria GDP by year

Equatorial Guinea
Syria
1x
Year GDP, current $
Equatorial Guinea Syria
2025 $12,823,210,426 -
2024 $13,254,388,261 -
2023 $12,541,814,273 $19,993,439,950
2022 $13,687,643,436 $23,737,634,644
2021 $12,215,878,033 $14,892,885,528
2020 $9,893,816,008 $12,501,503,673
2019 $11,364,133,550 $22,583,046,645
2018 $13,097,012,134 $21,497,779,248
2017 $12,200,913,879 $16,369,842,725
2016 $11,240,808,848 $12,597,854,088
2015 $13,185,496,881 $16,466,861,435
2014 $21,765,453,082 $21,502,061,466
2013 $21,948,834,284 $21,361,254,635
2012 $22,388,344,144 $43,190,318,033
2011 $21,357,343,669 $67,539,433,544
2010 $16,314,443,436 $61,390,833,273
2009 $15,027,795,173 $54,111,721,044
2008 $19,749,893,536 $52,557,913,397
2007 $13,071,718,759 $40,465,331,020
2006 $10,086,528,699 $33,751,812,959
2005 $8,217,369,093 $28,858,937,499
2004 $4,410,764,339 $25,086,910,448
2003 $2,484,745,935 $21,828,144,686
2002 $1,806,742,742 $20,786,986,580
2001 $1,461,139,022 $20,078,599,626
2000 $1,045,998,496 $18,937,031,610
1999 $621,117,886 $15,873,875,969
1998 $370,687,634 $15,200,846,154
1997 $442,337,871 $14,505,233,463
1996 $232,463,023 $13,789,560,878
1995 $141,853,361 $11,396,706,587
1994 $100,807,003 $10,122,020,000
1993 $136,047,906 $13,695,962,055
1992 $134,707,184 $13,253,565,861
1991 $110,906,029 $12,981,833,333
1990 $112,119,411 $12,308,624,418
1989 $88,265,975 $9,853,395,762
1988 $100,534,657 $10,577,041,645
1987 $93,345,860 $11,356,215,543
1986 $76,407,396 $13,293,205,278
1985 $62,118,570 $16,403,539,893
1984 $50,320,914 $17,503,078,174
1983 $44,442,457 $17,589,277,143
1982 $44,294,648 $16,298,929,011
1981 $36,731,423 $15,518,201,335
1980 $50,642,881 $13,062,420,382
1979 - $9,929,681,529
1978 - $9,275,200,458
1977 $103,987,520 $7,696,011,396
1976 $103,653,050 $7,633,528,867
1975 $104,295,643 $6,826,980,444
1974 $94,159,863 $5,159,557,148
1973 $81,203,227 $3,239,487,516
1972 $65,429,198 $3,059,681,698
1971 $64,946,955 $2,589,851,325
1970 $66,331,429 $2,140,384,010
1969 $67,225,714 $2,245,011,515
1968 $67,514,286 $1,753,746,430
1967 $72,317,447 $1,580,229,799
1966 $69,110,000 $1,342,287,553
1965 $64,748,333 $1,472,036,540
1964 $51,915,000 $1,339,494,267
1963 $44,266,667 $1,200,447,408
1962 $37,253,333 $1,110,565,881
1961 - $945,244,972
1960 - $857,704,413

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

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

GDP per capita in Equatorial Guinea vs Syria by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - - -
2024 $7,004 $17,567 - -
2023 $6,788 $17,412 $847 $4,650
2022 $7,589 $18,140 $1,057 $4,772
2021 $6,946 $16,821 $689 $4,593
2020 $5,764 $13,677 $594 $3,738
2019 $6,804 $16,451 $1,110 $3,502
2018 $8,102 $18,413 $1,098 $3,456
2017 $7,809 $18,435 $852 $3,265
2016 $7,453 $16,649 $656 -
2015 $9,069 $19,479 $848 -
2014 $15,549 $27,177 $1,061 -
2013 $16,304 $27,910 $986 -
2012 $17,309 $30,012 $1,898 -
2011 $17,198 $27,242 $2,952 -
2010 $13,720 $26,168 $2,731 -
2009 $13,233 $29,722 $2,462 -
2008 $18,211 $30,523 $2,429 -
2007 $12,617 $26,611 $1,938 -
2006 $10,185 $23,511 $1,719 -
2005 $8,674 $22,137 $1,534 -
2004 $4,901 $19,354 $1,368 -
2003 $2,931 $14,496 $1,220 -
2002 $2,264 $13,255 $1,190 -
2001 $1,949 $11,627 $1,178 -
2000 $1,487 $7,420 $1,138 -
1999 $931 $6,470 $978 -
1998 $578 $5,280 $961 -
1997 $717 $4,387 $941 -
1996 $392 $1,793 $918 -
1995 $248.3 $1,098 $780 -
1994 $183.2 $951 $712 -
1993 $256.7 $828 $993 -
1992 $263.7 $756 $990 -
1991 $225.3 $569 $1,000 -
1990 $236.4 $577 $978 -
1989 $193.2 - $809 -
1988 $228.7 - $898 -
1987 $220.9 - $997 -
1986 $188.8 - $1,208 -
1985 $161.1 - $1,544 -
1984 $137.9 - $1,706 -
1983 $129.4 - $1,776 -
1982 $137.5 - $1,703 -
1981 $121.1 - $1,676 -
1980 $175.5 - $1,458 -
1979 - - $1,146 -
1978 - - $1,108 -
1977 $376 - $951 -
1976 $369 - $976 -
1975 $362 - $904 -
1974 $319 - $707 -
1973 $268.6 - $459 -
1972 $211.4 - $448 -
1971 $205.6 - $393 -
1970 $206.8 - $335 -
1969 $208.4 - $364 -
1968 $211.7 - $293.3 -
1967 $231.9 - $272.9 -
1966 $226.7 - $239.3 -
1965 $217.1 - $270.8 -
1964 $177.8 - $254.2 -
1963 $154.8 - $234.9 -
1962 $132.9 - $223.9 -
1961 - - $196.3 -
1960 - - $183.5 -

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

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

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Syria ranks 160th at $4,650.

Economic indicators

Equatorial Guinea Syria
Gross domestic product
$12.8B
2025
$20B
2023
GDP rank
150/197
2025
134/197
2023
GDP growth
-5.85%
2024-2025
-1.85%
2022-2023
GDP per capita
$6,615
2025
$847
2023
GDP per capita rank
107/197
2025
185/197
2023
GDP per capita, PPP
$17,567
2024
$4,650
2023
GDP per capita PPP rank
106/197
2024
160/197
2023
Government debt
$5.21B
2025
$18.4B
2010
Debt-to-GDP ratio
40.6%
2025
30%
2010
Government debt per person
$2,686
2025
$820
2010
Government debt per person rank
109/185
2025
150/185
2010
Average annual personal income after taxes
$4,723
2026
$693
2026
Income share by richest 10%
29.1%
2022
20.9%
2022
Income share by poorest 10%
2.6%
2022
3.8%
2022
Government expenditure, % of GDP
20.7%
2025
28.6%
2010
Consumer prices inflation
2.8%
2024-2025
13.4%
2018-2019
Unemployment rate
8.6%
2014
14.9%
2011
Population
2008950
26956472

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Syria
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% - -
2024 18.5% 36.4% - -
2023 19.2% 39.1% - -
2022 14.8% 29.8% - -
2021 12.7% 42.3% - -
2020 16.2% 49.4% - -
2019 16.8% 43.2% - -
2018 19.1% 40.6% - -
2017 20.1% 36.2% - -
2016 27.8% 41.1% - -
2015 41.6% 31.7% - -
2014 31.6% 12.6% - -
2013 29.3% 6.27% - -
2012 35.2% 7.1% - -
2011 27.5% 7.17% - -
2010 31.2% 7.89% 28.6% 30%
2009 39.8% 4.34% 26.7% 31.2%
2008 19.9% 0.49% 22.9% 37.3%
2007 19.7% 0.75% 25.7% 42.7%
2006 18.1% 1.22% 26.3% 45%
2005 14.1% 2.85% 28.2% 50.7%
2004 15.5% 4.54% 31.3% 113%
2003 11.8% 6.77% 32.6% 133.4%
2002 11.3% 19.4% 28.5% 132.4%
2001 13.5% 25.5% 28% 144.5%
2000 22.6% 36.6% 27.4% 152.1%
1999 18.7% 60.5% 28% 147.7%
1998 35.1% 59.2% 28.8% 151.2%
1997 14.8% 46.3% 29% 147.6%
1996 22.9% 91.2% 27.7% 141.5%
1995 141.5% 136.9% 29.8% 152.6%
1994 510% 216% 30.3% 163%
1993 256.3% 152.6% 29.4% 171.9%
1992 595% 136.9% 34.2% 173.6%
1991 284.5% 169.5% 34.3% 182.4%
1990 212.9% 157% 28.3% 189.8%
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/syria | CC BY

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 30% in Syria, ranking 132/185 and 155/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Syria
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Syria
2025 -2.55% -
2024 -0.55% -
2023 2.39% -
2022 11.7% -
2021 2.65% -
2020 -1.77% -
2019 1.82% -
2018 0.52% -
2017 -2.59% -
2016 -10.9% -
2015 -15.1% -
2014 -7.54% -
2013 -4.4% -
2012 -7.24% -
2011 0.83% -
2010 -4.53% -7.79%
2009 -6.47% -2.89%
2008 14.6% -2.86%
2007 17.2% -2.99%
2006 21.8% -1.12%
2005 18.5% -4.41%
2004 9.22% -4.18%
2003 9.99% -2.7%
2002 17.6% -2.02%
2001 14.9% 2.3%
2000 -2.67% -1.36%
1999 -0.19% -1.47%
1998 -7.65% -2.81%
1997 3.21% -1.78%
1996 -6.36% -2.83%
1995 -123.4% -3.81%
1994 -487% -6%
1993 -217.9% -4.96%
1992 -557% -7.26%
1991 -236% -6.57%
1990 -160.2% -3.92%
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/syria | CC BY

In 2010, Equatorial Guinea's government deficit, the difference between spending and revenue, was $740M, equivalent to 4.53% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, Equatorial Guinea recorded a fiscal deficit in 12 of those years, while Syria ran a deficit in 20 years. On average, Equatorial Guinea posted an annual deficit equal to 80.2% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
Equatorial Guinea

Syria
1x
Year Consumer prices inflation
Equatorial Guinea Syria
2025 2.8% -
2024 3.4% -
2023 2.4% -
2022 4.9% -
2021 -0.1% -
2020 4.8% -
2019 1.2% 13.4%
2018 1.3% 0.94%
2017 0.7% 18.1%
2016 1.4% 47.7%
2015 1.7% 38.5%
2014 4.3% 10.9%
2013 3.2% 40%
2012 3.4% 36.7%
2011 4.8% 4.75%
2010 5.3% 4.4%
2009 5.7% 2.92%
2008 4.7% 15.7%
2007 2.8% 3.91%
2006 4.5% 10%
2005 5.6% 7.24%
2004 4.2% 4.43%
2003 7.3% 5.8%
2002 7.6% -0.13%
2001 8.7% 3%
2000 4.8% -3.85%
1999 0.4% -3.7%
1998 7.9% -0.8%
1997 3% 1.89%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08).

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

Over the past 23 years, Equatorial Guinea has recorded an average annual inflation rate of 4.11%, compared with 11.4% in Syria. In 2019, inflation was 2.8% in Equatorial Guinea and 13.4% in Syria.

Top exports between countries

Equatorial Guinea
Export category Export value
Syria
Export category Export value
Textiles & consumer goods $129K

Balance of trade

Equatorial Guinea Syria
Current account balance
-$344M
1996
-$367M
2010
Current account balance ranking
98/190
1996
99/190
2010
Current account balance, % of GDP
-148%
1996
-0.6%
2010
Goods imports
$292M
1996
$15.9B
2010
Goods exports
$175M
1996
$12.3B
2010
Service imports
$185M
1996
$3.53B
2010
Service exports
$4.88M
1996
$7.33B
2010
Imports of goods and services, % of GDP
28.4%
2025
28.7%
2022
Exports of goods and services, % of GDP
46.5%
2025
6.78%
2022

Economic freedom indices

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

Equatorial Guinea Syria
Economic freedom 47.4 51.2
Economic freedom ranking 175/197 155/197
Property rights 16.9 4
Government integrity 6.9 3.6
Judicial effectiveness 7.2 3.7
Tax burden 81 87.3
Government spending 90.8 78.5
Fiscal health 97.3 13.8
Business freedom 35.9 33.8
Labor freedom 45.2 37.2
Monetary freedom 73.5 80
Trade freedom 43.6 47
Investment freedom 40 0
Financial freedom 30 20

Economic freedom comparison by year

Equatorial Guinea
Syria
1x
Year Economic freedom index
Equatorial Guinea Syria
2026 47.4 -
2025 47.7 -
2024 47.7 -
2023 48.3 -
2022 47.2 -
2021 49.2 -
2020 48.3 -
2019 41 -
2018 42 -
2017 45 -
2016 43.7 -
2015 40.4 -
2014 44.4 -
2013 42.3 -
2012 42.8 51.2
2011 47.5 51.3
2010 48.6 49.4
2009 51.3 51.3
2008 51.6 47.2
2007 53.2 48.3
2006 51.5 51.2
2005 53.3 46.3
2004 53.3 40.6
2003 53.1 41.3
2002 46.4 36.3
2001 47.9 36.6
2000 45.6 37.2
1999 45.1 39
1998 - 42.2
1997 - 43
1996 - 42.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Syria
Services, % of GDP
55.5%
2025
44.7%
2022
Industry, % of GDP
41.4%
2025
11.9%
2022
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
42.9%
2022
GNI, Atlas method
$11.4B
2025
$18.2B
2023
GNI per capita, PPP
$14,610
2025
$4,480
2023
Total reserves including gold
$1.08B
2024
$20.6B
2010
Total reserves ranking
141/177
2024
66/177
2010
Net foreign direct investment
-$376M
1996
-$1.47B
2010
Net inflows of foreign direct investment
$188M
2024
$0
2024
Net outflows of foreign direct investment
$154M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.15%
2023
Poverty at national poverty lines
50.7%
2022
35.2%
2007
Gross capital formation, % of GDP
-3.68%
2025
16%
1969

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/syria | 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 (1996–2026, 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. TradeMap (2010, 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.

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.