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Economy of Equatorial Guinea vs Taiwan compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $802B for Taiwan, ranking 148/197 and 22/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $211B (26.3% of GDP) in Taiwan.

Equatorial Guinea vs Taiwan GDP by year

Equatorial Guinea
Taiwan
1x
Year GDP, current $
Equatorial Guinea Taiwan
2024 $12,765,777,677 $801,529,000,000
2023 $12,337,550,584 $757,328,000,000
2022 $13,687,643,436 $765,529,000,000
2021 $12,215,878,033 $777,062,000,000
2020 $9,893,816,008 $676,935,000,000
2019 $11,364,133,550 $613,453,000,000
2018 $13,097,012,134 $610,744,000,000
2017 $12,200,913,879 $591,734,000,000
2016 $11,240,808,848 $543,002,000,000
2015 $13,185,496,881 $534,474,000,000
2014 $21,765,453,082 $535,332,000,000
2013 $21,948,834,284 $512,957,000,000
2012 $22,388,344,144 $495,536,000,000
2011 $21,357,343,669 $483,957,000,000
2010 $16,314,443,436 $444,245,000,000
2009 $15,027,795,173 $390,788,000,000
2008 $19,749,893,536 $415,824,000,000
2007 $13,071,718,759 $406,940,000,000
2006 $10,086,528,699 $386,492,000,000
2005 $8,217,369,093 $374,042,000,000
2004 $4,410,764,339 $346,881,000,000
2003 $2,484,745,935 $317,374,000,000
2002 $1,806,742,742 $307,429,000,000
2001 $1,461,139,022 $299,303,000,000
2000 $1,045,998,496 $330,725,000,000
1999 $621,117,886 $303,827,000,000
1998 $370,687,634 $279,926,000,000
1997 $442,337,871 $303,315,000,000
1996 $232,463,023 $292,473,000,000
1995 $141,853,361 $279,013,000,000
1994 $100,807,003 $256,213,000,000
1993 $136,047,906 $234,943,000,000
1992 $134,707,184 $222,947,000,000
1991 $110,906,029 $187,100,000,000
1990 $112,119,411 $166,392,000,000
1989 $88,265,975 $152,687,000,000
1988 $100,534,657 $126,378,000,000
1987 $93,345,860 $104,956,000,000
1986 $76,407,396 $78,347,000,000
1985 $62,118,570 $63,599,000,000
1984 $50,320,914 $61,036,000,000
1983 $44,442,457 $54,155,000,000
1982 $44,294,648 $49,540,000,000
1981 $36,731,423 $49,047,000,000
1980 $50,642,881 $42,292,000,000
1979 - $33,875,000,000
1978 - $27,373,000,000
1977 $103,987,520 $22,252,000,000
1976 $103,653,050 $18,988,000,000
1975 $104,295,643 $15,836,000,000
1974 $94,159,863 $14,739,000,000
1973 $81,203,227 $10,940,000,000
1972 $65,429,198 $8,063,000,000
1971 $64,946,955 $6,727,000,000
1970 $66,331,429 $5,785,000,000
1969 $67,225,714 $5,017,000,000
1968 $67,514,286 $4,325,000,000
1967 $72,317,447 $3,709,000,000
1966 $69,110,000 $3,207,000,000
1965 $64,748,333 $2,869,000,000
1964 $51,915,000 $2,592,000,000
1963 $44,266,667 $2,218,000,000
1962 $37,253,333 $1,960,000,000
1961 - $1,778,000,000
1960 - $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

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

GDP per capita in Equatorial Guinea vs Taiwan by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $34,238 -
2023 $6,678 $17,412 $32,444 -
2022 $7,589 $18,140 $32,827 -
2021 $6,946 $16,821 $33,111 -
2020 $5,764 $13,677 $28,705 -
2019 $6,804 $16,451 $25,998 -
2018 $8,102 $18,413 $25,901 -
2017 $7,809 $18,435 $25,121 $50,500
2016 $7,453 $16,649 $23,091 -
2015 $9,069 $19,479 $22,780 $46,800
2014 $15,549 $27,177 $22,874 -
2013 $16,304 $27,910 $21,973 $39,600
2012 $17,309 $30,012 $21,295 $39,400
2011 $17,198 $27,242 $20,866 $38,200
2010 $13,720 $26,168 $19,197 $35,700
2009 $13,233 $29,722 $16,933 $32,000
2008 $18,211 $30,523 $18,081 $31,100
2007 $12,617 $26,611 $17,757 $30,100
2006 $10,185 $23,511 $16,934 $29,500
2005 $8,674 $22,137 $16,456 $27,500
2004 $4,901 $19,354 $15,317 $25,300
2003 $2,931 $14,496 $14,066 $23,400
2002 $2,264 $13,255 $13,686 $18,000
2001 $1,949 $11,627 $13,397 $17,200
2000 $1,487 $7,420 $14,908 $17,400
1999 $931 $6,470 $13,804 $16,100
1998 $578 $5,280 $12,820 -
1997 $717 $4,387 $14,020 -
1996 $392 $1,793 $13,641 -
1995 $248.3 $1,098 $13,119 -
1994 $183.2 $951 $12,150 -
1993 $256.7 $828 $11,242 -
1992 $263.7 $756 $10,768 -
1991 $225.3 $569 $9,125 -
1990 $236.4 $577 $8,205 -
1989 $193.2 - $7,613 -
1988 $228.7 - $6,370 -
1987 $220.9 - $5,350 -
1986 $188.8 - $4,036 -
1985 $161.1 - $3,314 -
1984 $137.9 - $3,224 -
1983 $129.4 - $2,903 -
1982 $137.5 - $2,699 -
1981 $121.1 - $2,720 -
1980 $175.5 - $2,389 -
1979 - - $1,950 -
1978 - - $1,606 -
1977 $376 - $1,330 -
1976 $369 - $1,158 -
1975 $362 - $985 -
1974 $319 - $934 -
1973 $268.6 - $706 -
1972 $211.4 - $530 -
1971 $205.6 - $451 -
1970 $206.8 - $397 -
1969 $208.4 - $357 -
1968 $211.7 - $319 -
1967 $231.9 - $280.8 -
1966 $226.7 - $249.1 -
1965 $217.1 - $229.3 -
1964 $177.8 - $213.6 -
1963 $154.8 - $188.6 -
1962 $132.9 - $172 -
1961 - - $161.2 -
1960 - - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $34,238 in Taiwan, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Taiwan ranks 44th at $50,500.

Economic indicators

Equatorial Guinea Taiwan
Gross domestic product
$12.8B
2024
$802B
2024
GDP rank
148/197
2024
22/197
2024
GDP growth
0.91%
2023-2024
2.3%
2023-2024
GDP per capita
$6,745
2024
$34,238
2024
GDP per capita rank
106/197
2024
35/197
2024
GDP per capita, PPP
$17,567
2024
$50,500
2017
GDP per capita PPP rank
106/197
2024
44/197
2017
Government debt
$4.65B
2024
$211B
2024
Debt-to-GDP ratio
36.4%
2024
26.3%
2024
Government debt per person
$2,458
2024
$9,020
2024
Government debt per person rank
110/185
2024
59/185
2024
Average annual personal income after taxes
$5,042
2026
$18,163
2026
Number of millionaires n/a
759,000
2025
Number of billionaires n/a
54
2025
Income share by richest 10%
29.1%
2022
n/a
Income share by poorest 10%
2.6%
2022
n/a
Government expenditure, % of GDP
18.5%
2024
15.8%
2024
Consumer prices inflation
3.4%
2023-2024
2.2%
2023-2024
Central bank interest rate n/a
2%
2024
Unemployment rate
8.6%
2014
3.35%
2025
Population
1998075
23229461

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Taiwan
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 15.8% 26.3%
2023 19.2% 39.1% 17.1% 29%
2022 14.8% 29.8% 16% 29.5%
2021 12.7% 42.3% 15.4% 30.1%
2020 16.2% 49.4% 16.2% 32%
2019 16.8% 43.2% 15.3% 32.6%
2018 19.1% 40.6% 15.4% 33.8%
2017 20.1% 36.2% 15.4% 34.5%
2016 27.8% 41.1% 15.6% 35.4%
2015 41.6% 31.7% 15.5% 35.9%
2014 31.6% 12.6% - 37.5%
2013 29.3% 6.27% - 38.9%
2012 35.2% 7.1% - 39.2%
2011 27.5% 7.17% 18.3% 38.3%
2010 31.2% 7.89% - 36.9%
2009 39.8% 4.34% - 36.7%
2008 19.9% 0.49% - 33.4%
2007 19.7% 0.75% - 32.2%
2006 18.1% 1.22% - 33.3%
2005 14.1% 2.85% - 34.1%
2004 15.5% 4.54% - 33.4%
2003 11.8% 6.77% - 32.1%
2002 11.3% 19.4% - 29.8%
2001 13.5% 25.5% 22.5% 30.1%
2000 22.6% 36.6% - 26.2%
1999 18.7% 60.5% - 23.7%
1998 35.1% 59.2% - 23.7%
1997 14.8% 46.3% - 25%
1996 22.9% 91.2% - -
1995 141.5% 136.9% - -
1994 510% 216% - -
1993 256.3% 152.6% - -
1992 595% 136.9% - -
1991 284.5% 169.5% 25.4% -
1990 212.9% 157% - -
1989 116.8% 187% - -
1988 227.9% 154.5% - -
1987 183% 141.3% - -
1986 119% 152.5% - -
1985 115.4% 183.8% - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 21.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 26.3% in Taiwan, ranking 143/185 and 160/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Taiwan
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Taiwan
2024 -0.55% 0.43%
2023 2.39% -0.61%
2022 11.7% 0.17%
2021 2.65% -0.18%
2020 -1.77% -1.03%
2019 1.82% 0.11%
2018 0.52% 0.02%
2017 -2.59% -0.14%
2016 -10.9% -0.31%
2015 -15.1% 0.1%
2014 -7.54% -
2013 -4.4% -
2012 -7.24% -
2011 0.83% -2.15%
2010 -4.53% -
2009 -6.47% -
2008 14.6% -
2007 17.2% -
2006 21.8% -
2005 18.5% -
2004 9.22% -
2003 9.99% -
2002 17.6% -
2001 14.9% -3.71%
2000 -2.67% -
1999 -0.19% -
1998 -7.65% -
1997 3.21% -
1996 -6.36% -
1995 -123.4% -
1994 -487% -
1993 -217.9% -
1992 -557% -
1991 -236% -4.5%
1990 -160.2% -
1989 -76.2% -
1988 -208.5% -
1987 -158% -
1986 -97.3% -
1985 -89.3% -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/taiwan | 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 Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 40 years, Equatorial Guinea recorded a fiscal deficit in 25 of those years, while Taiwan ran a deficit in 8 years. On average, Equatorial Guinea posted an annual deficit equal to 58.6% of GDP, compared to deficit of 0.91% of GDP for Taiwan.

Inflation comparison by year

Inflation
Equatorial Guinea

Taiwan
1x
Year Consumer prices inflation
Equatorial Guinea Taiwan
2024 3.4% 2.2%
2023 2.4% 2.5%
2022 4.9% 2.9%
2021 -0.1% 2%
2020 4.8% -0.2%
2019 1.2% 0.6%
2018 1.3% 1.4%
2017 0.7% 0.6%
2016 1.4% 1.4%
2015 1.7% -0.3%
2014 4.3% 1.2%
2013 3.2% 0.8%
2012 3.4% 1.9%
2011 4.8% 1.4%
2010 5.3% 1%
2009 5.7% -0.9%
2008 4.7% 3.5%
2007 2.8% 1.8%
2006 4.5% 0.6%
2005 5.6% 2.3%
2004 4.2% 1.6%
2003 7.3% -0.3%
2002 7.6% -0.2%
2001 8.7% 0%
2000 4.8% 1.2%
1999 0.4% 0.2%
1998 7.9% 1.7%
1997 3% 0.9%

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

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

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 1.14% in Taiwan. In 2024, inflation was 3.4% in Equatorial Guinea and 2.2% in Taiwan.

Balance of trade

Equatorial Guinea Taiwan
Current account balance
-$344M
1996
$113B
2024
Current account balance ranking
101/190
1996
4/190
2024
Current account balance, % of GDP
-148%
1996
+14.1%
2024
Goods imports
$292M
1996
n/a
Goods exports
$175M
1996
n/a
Service imports
$185M
1996
n/a
Service exports
$4.88M
1996
n/a
Imports of goods and services, % of GDP
25.4%
2024
50.2%
2024
Exports of goods and services, % of GDP
35.2%
2024
63.3%
2024

Economic freedom indices

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

Equatorial Guinea Taiwan
Economic freedom 47.4 79.8
Economic freedom ranking 175/197 6/197
Property rights 16.9 83.4
Government integrity 6.9 74.3
Judicial effectiveness 7.2 94.3
Tax burden 81 78.9
Government spending 90.8 90
Fiscal health 97.3 92.9
Business freedom 35.9 78.6
Labor freedom 45.2 69
Monetary freedom 73.5 80.3
Trade freedom 43.6 86
Investment freedom 40 70
Financial freedom 30 60

Economic freedom comparison by year

Equatorial Guinea
Taiwan
1x
Year Economic freedom index
Equatorial Guinea Taiwan
2026 47.4 79.8
2025 47.7 79.7
2024 47.7 80
2023 48.3 80.7
2022 47.2 80.1
2021 49.2 78.6
2020 48.3 77.1
2019 41 77.3
2018 42 76.6
2017 45 76.5
2016 43.7 74.7
2015 40.4 75.1
2014 44.4 73.9
2013 42.3 72.7
2012 42.8 71.9
2011 47.5 70.8
2010 48.6 70.4
2009 51.3 69.5
2008 51.6 70.3
2007 53.2 69.4
2006 51.5 69.7
2005 53.3 71.3
2004 53.3 69.6
2003 53.1 71.7
2002 46.4 71.3
2001 47.9 72.8
2000 45.6 72.5
1999 45.1 71.5
1998 - 70.4
1997 - 70
1996 - 74.1
1995 - 74.2

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Taiwan
Services, % of GDP
51.1%
2024
58.8%
2024
Industry, % of GDP
45.8%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
1.47%
2024
GNI, Atlas method
$8.96B
2024
$832B
2024
GNI per capita, PPP
$12,330
2024
n/a
Total reserves including gold
$1.54B
2023
n/a
Total reserves ranking
134/177
2023
n/a
Net foreign direct investment
-$376M
1996
n/a
Net inflows of foreign direct investment
$188M
2024
n/a
Net outflows of foreign direct investment
$154M
2024
n/a
Poverty at national poverty lines
50.7%
2022
1.5%
2020
Gross capital formation, % of GDP
8.96%
2024
26.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  7. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.