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Economy of Equatorial Guinea vs Tonga compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $679M for Tonga, ranking 150/197 and 191/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Equatorial Guinea vs Tonga GDP by year

Equatorial Guinea
Tonga
1x
Year GDP, current $
Equatorial Guinea Tonga
2025 $12,823,210,426 $679,218,219
2024 $13,254,388,261 $647,488,244
2023 $12,541,814,273 $591,139,734
2022 $13,687,643,436 $556,514,556
2021 $12,215,878,033 $519,306,339
2020 $9,893,816,008 $506,571,487
2019 $11,364,133,550 $506,031,248
2018 $13,097,012,134 $493,530,767
2017 $12,200,913,879 $459,976,847
2016 $11,240,808,848 $420,828,255
2015 $13,185,496,881 $437,525,539
2014 $21,765,453,082 $440,997,735
2013 $21,948,834,284 $451,788,498
2012 $22,388,344,144 $471,122,971
2011 $21,357,343,669 $414,143,828
2010 $16,314,443,436 $366,887,375
2009 $15,027,795,173 $312,415,028
2008 $19,749,893,536 $344,438,844
2007 $13,071,718,759 $298,519,623
2006 $10,086,528,699 $292,232,703
2005 $8,217,369,093 $261,823,805
2004 $4,410,764,339 $230,678,011
2003 $2,484,745,935 $202,246,591
2002 $1,806,742,742 $182,764,281
2001 $1,461,139,022 $181,117,230
2000 $1,045,998,496 $204,848,488
1999 $621,117,886 $199,208,718
1998 $370,687,634 $191,504,893
1997 $442,337,871 $214,991,452
1996 $232,463,023 $222,100,576
1995 $141,853,361 $208,871,666
1994 $100,807,003 $195,990,986
1993 $136,047,906 $138,489,884
1992 $134,707,184 $137,066,291
1991 $110,906,029 $132,201,141
1990 $112,119,411 $113,563,822
1989 $88,265,975 $106,344,855
1988 $100,534,657 $106,657,267
1987 $93,345,860 $81,667,133
1986 $76,407,396 $68,195,856
1985 $62,118,570 $60,058,663
1984 $50,320,914 $64,248,355
1983 $44,442,457 $60,863,964
1982 $44,294,648 $62,068,161
1981 $36,731,423 $62,242,013
1980 $50,642,881 $53,260,077
1979 - $44,667,002
1978 - $41,567,472
1977 $103,987,520 $34,139,388
1976 $103,653,050 $30,036,417
1975 $104,295,643 $32,506,742
1974 $94,159,863 -
1973 $81,203,227 -
1972 $65,429,198 -
1971 $64,946,955 -
1970 $66,331,429 -
1969 $67,225,714 -
1968 $67,514,286 -
1967 $72,317,447 -
1966 $69,110,000 -
1965 $64,748,333 -
1964 $51,915,000 -
1963 $44,266,667 -
1962 $37,253,333 -

Data sources: World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08).

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

GDP per capita in Equatorial Guinea vs Tonga by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $6,547 -
2024 $7,004 $17,567 $6,215 -
2023 $6,788 $17,412 $5,652 $7,803
2022 $7,589 $18,140 $5,298 $7,296
2021 $6,946 $16,821 $4,923 $6,929
2020 $5,764 $13,677 $4,792 $6,676
2019 $6,804 $16,451 $4,789 $6,473
2018 $8,102 $18,413 $4,675 $6,393
2017 $7,809 $18,435 $4,366 $6,229
2016 $7,453 $16,649 $3,988 $5,920
2015 $9,069 $19,479 $4,124 $5,472
2014 $15,549 $27,177 $4,137 $5,336
2013 $16,304 $27,910 $4,219 $5,120
2012 $17,309 $30,012 $4,384 $4,996
2011 $17,198 $27,242 $3,850 $4,855
2010 $13,720 $26,168 $3,416 $4,465
2009 $13,233 $29,722 $2,914 $4,384
2008 $18,211 $30,523 $3,218 $4,600
2007 $12,617 $26,611 $2,797 $4,316
2006 $10,185 $23,511 $2,750 $4,327
2005 $8,674 $22,137 $2,478 $4,315
2004 $4,901 $19,354 $2,195 $4,235
2003 $2,931 $14,496 $1,936 $4,231
2002 $2,264 $13,255 $1,759 $4,171
2001 $1,949 $11,627 $1,754 $3,955
2000 $1,487 $7,420 $1,995 $3,834
1999 $931 $6,470 $1,952 $3,636
1998 $578 $5,280 $1,889 $3,527
1997 $717 $4,387 $2,136 $3,434
1996 $392 $1,793 $2,215 $3,410
1995 $248.3 $1,098 $2,084 $3,347
1994 $183.2 $951 $1,957 $3,088
1993 $256.7 $828 $1,383 $2,882
1992 $263.7 $756 $1,370 $2,716
1991 $225.3 $569 $1,323 $2,652
1990 $236.4 $577 $1,139 $2,416
1989 $193.2 - $1,070 -
1988 $228.7 - $1,078 -
1987 $220.9 - $830 -
1986 $188.8 - $696 -
1985 $161.1 - $613 -
1984 $137.9 - $656 -
1983 $129.4 - $621 -
1982 $137.5 - $633 -
1981 $121.1 - $636 -
1980 $175.5 - $545 -
1979 - - $458 -
1978 - - $428 -
1977 $376 - $353 -
1976 $369 - $315 -
1975 $362 - $349 -
1974 $319 - - -
1973 $268.6 - - -
1972 $211.4 - - -
1971 $205.6 - - -
1970 $206.8 - - -
1969 $208.4 - - -
1968 $211.7 - - -
1967 $231.9 - - -
1966 $226.7 - - -
1965 $217.1 - - -
1964 $177.8 - - -
1963 $154.8 - - -
1962 $132.9 - - -

Data sources: World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08).

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

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Tonga ranks 144th at $7,803.

Economic indicators

Equatorial Guinea Tonga
Gross domestic product
$12.8B
2025
$679M
2025
GDP rank
150/197
2025
191/197
2025
GDP growth
-5.85%
2024-2025
2.8%
2024-2025
GDP per capita
$6,615
2025
$6,547
2025
GDP per capita rank
107/197
2025
110/197
2025
GDP per capita, PPP
$17,567
2024
$7,803
2023
GDP per capita PPP rank
106/197
2024
144/197
2023
Government debt
$5.21B
2025
$186M
2025
Debt-to-GDP ratio
40.6%
2025
27.4%
2025
Government debt per person
$2,686
2025
$1,793
2025
Government debt per person rank
109/185
2025
123/185
2025
Average annual personal income after taxes
$4,723
2026
$4,104
2026
Income share by richest 10%
29.1%
2022
22%
2021
Income share by poorest 10%
2.6%
2022
4%
2021
Government expenditure, % of GDP
20.7%
2025
46.8%
2025
Consumer prices inflation
2.8%
2024-2025
5.59%
2024-2025
Unemployment rate
8.6%
2014
1.65%
2023
Population
2008950
103283

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Tonga
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 46.8% 27.4%
2024 18.5% 36.4% 44.3% 31.9%
2023 19.2% 39.1% 41.5% 37.2%
2022 14.8% 29.8% 41.3% 40.2%
2021 12.7% 42.3% 44.5% 43%
2020 16.2% 49.4% 37.1% 41.7%
2019 16.8% 43.2% 39% 41.8%
2018 19.1% 40.6% 39.3% 45.5%
2017 20.1% 36.2% 39.7% 44.7%
2016 27.8% 41.1% 37.2% 49.4%
2015 41.6% 31.7% 37.4% 51.1%
2014 31.6% 12.6% 31.5% 47.4%
2013 29.3% 6.27% 34.3% 48.9%
2012 35.2% 7.1% 32% 60%
2011 27.5% 7.17% 32.6% 51.9%
2010 31.2% 7.89% 28.4% 44.7%
2009 39.8% 4.34% 23.9% 39.7%
2008 19.9% 0.49% 24% 34%
2007 19.7% 0.75% 23.2% 37.8%
2006 18.1% 1.22% 25.6% 39.6%
2005 14.1% 2.85% 19.8% 43.3%
2004 15.5% 4.54% 19.3% 52.2%
2003 11.8% 6.77% 20% 56.2%
2002 11.3% 19.4% 21.3% 60.7%
2001 13.5% 25.5% 19.1% 53.4%
2000 22.6% 36.6% 20% 43.6%
1999 18.7% 60.5% 18.8% 38.4%
1998 35.1% 59.2% - -
1997 14.8% 46.3% - -
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% - -
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% - -

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/tonga | CC BY

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 27.4% in Tonga, ranking 132/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Tonga
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Tonga
2025 -2.55% 4.86%
2024 -0.55% 3.6%
2023 2.39% 5.28%
2022 11.7% -0.09%
2021 2.65% -0.87%
2020 -1.77% 5.15%
2019 1.82% 3.2%
2018 0.52% 2.9%
2017 -2.59% 3.58%
2016 -10.9% 1.47%
2015 -15.1% -2.75%
2014 -7.54% 6.38%
2013 -4.4% -1.3%
2012 -7.24% -1.74%
2011 0.83% -6.02%
2010 -4.53% -1.22%
2009 -6.47% 6.85%
2008 14.6% 2.14%
2007 17.2% 5.39%
2006 21.8% 1.34%
2005 18.5% 4.23%
2004 9.22% 4.23%
2003 9.99% 2.37%
2002 17.6% 2.59%
2001 14.9% 2.23%
2000 -2.67% 1.35%
1999 -0.19% 1.55%
1998 -7.65% -
1997 3.21% -
1996 -6.36% -
1995 -123.4% -
1994 -487% -
1993 -217.9% -
1992 -557% -
1991 -236% -
1990 -160.2% -
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/tonga | 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 Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Equatorial Guinea recorded a fiscal deficit in 13 of those years, while Tonga ran a deficit in 7 years. On average, Equatorial Guinea posted an annual surplus equal to 2.86% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Equatorial Guinea

Tonga
1x
Year Consumer prices inflation
Equatorial Guinea Tonga
2025 2.8% 5.59%
2024 3.4% 3.18%
2023 2.4% 6.35%
2022 4.9% 11%
2021 -0.1% 5.64%
2020 4.8% -0.35%
2019 1.2% 1.18%
2018 1.3% 5.03%
2017 0.7% 7.52%
2016 1.4% 2.58%
2015 1.7% -1.05%
2014 4.3% 2.51%
2013 3.2% 0.78%
2012 3.4% 1.15%
2011 4.8% 6.27%
2010 5.3% 3.53%
2009 5.7% 1.43%
2008 4.7% 10.4%
2007 2.8% 5.84%
2006 4.5% 6.15%
2005 5.6% 8.67%
2004 4.2% 11%
2003 7.3% 11.6%
2002 7.6% 10.4%
2001 8.7% 8.29%
2000 4.8% 6.33%
1999 0.4% 4.46%
1998 7.9% 3.27%
1997 3% 2.12%

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/tonga | CC BY

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 5.2% in Tonga. In 2025, inflation was 2.8% in Equatorial Guinea and 5.59% in Tonga.

Balance of trade

Equatorial Guinea Tonga
Current account balance
-$344M
1996
-$43.5M
2024
Current account balance ranking
98/190
1996
76/190
2024
Current account balance, % of GDP
-148%
1996
-6.72%
2024
Goods imports
$292M
1996
$232M
2024
Goods exports
$175M
1996
$10.8M
2024
Service imports
$185M
1996
$161M
2024
Service exports
$4.88M
1996
$93.6M
2024
Imports of goods and services, % of GDP
28.4%
2025
60.7%
2024
Exports of goods and services, % of GDP
46.5%
2025
16.9%
2024

Economic freedom indices

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

Equatorial Guinea Tonga
Economic freedom 47.4 58.9
Economic freedom ranking 175/197 107/197
Property rights 16.9 71.1
Government integrity 6.9 45.1
Judicial effectiveness 7.2 64.9
Tax burden 81 85.6
Government spending 90.8 31
Fiscal health 97.3 97.3
Business freedom 35.9 59.2
Labor freedom 45.2 55.9
Monetary freedom 73.5 61
Trade freedom 43.6 75.4
Investment freedom 40 40
Financial freedom 30 20

Economic freedom comparison by year

Equatorial Guinea
Tonga
1x
Year Economic freedom index
Equatorial Guinea Tonga
2026 47.4 58.9
2025 47.7 58.5
2024 47.7 59.2
2023 48.3 60
2022 47.2 60.8
2021 49.2 57.5
2020 48.3 58.8
2019 41 57.7
2018 42 63.1
2017 45 63
2016 43.7 59.6
2015 40.4 59.3
2014 44.4 58.2
2013 42.3 56
2012 42.8 57
2011 47.5 55.8
2010 48.6 53.4
2009 51.3 54.1
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 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Tonga
Services, % of GDP
55.5%
2025
49.5%
2024
Industry, % of GDP
41.4%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
18.6%
2024
GNI, Atlas method
$11.4B
2025
$709M
2025
GNI per capita, PPP
$14,610
2025
$9,240
2025
Total reserves including gold
$1.08B
2024
$413M
2025
Total reserves ranking
141/177
2024
162/177
2025
Net foreign direct investment
-$376M
1996
$13.3M
2024
Net inflows of foreign direct investment
$188M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$154M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
6.33%
2024
Poverty at national poverty lines
50.7%
2022
20.6%
2021
Gross capital formation, % of GDP
-3.68%
2025
26.4%
2024

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/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, 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. 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.