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Economy of Equatorial Guinea vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $25.6B for Trinidad and Tobago, ranking 148/197 and 115/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Equatorial Guinea vs Trinidad and Tobago GDP by year

Equatorial Guinea
Trinidad and Tobago
1x
Year GDP, current $
Equatorial Guinea Trinidad
2024 $12,765,777,677 $25,633,544,529
2023 $12,337,550,584 $25,036,993,423
2022 $13,687,643,436 $28,341,164,301
2021 $12,215,878,033 $24,222,963,263
2020 $9,893,816,008 $20,888,515,184
2019 $11,364,133,550 $23,477,745,792
2018 $13,097,012,134 $23,883,058,083
2017 $12,200,913,879 $23,830,750,901
2016 $11,240,808,848 $23,624,322,193
2015 $13,185,496,881 $26,841,141,793
2014 $21,765,453,082 $29,474,180,005
2013 $21,948,834,284 $28,560,537,057
2012 $22,388,344,144 $27,147,349,937
2011 $21,357,343,669 $25,433,007,437
2010 $16,314,443,436 $22,157,920,592
2009 $15,027,795,173 $19,172,165,226
2008 $19,749,893,536 $27,871,587,350
2007 $13,071,718,759 $21,641,620,050
2006 $10,086,528,699 $18,369,361,094
2005 $8,217,369,093 $15,982,389,018
2004 $4,410,764,339 $13,280,291,990
2003 $2,484,745,935 $11,305,459,802
2002 $1,806,742,742 $9,008,298,229
2001 $1,461,139,022 $8,824,849,191
2000 $1,045,998,496 $8,154,342,116
1999 $621,117,886 $6,808,982,521
1998 $370,687,634 $6,043,686,654
1997 $442,337,871 $5,737,771,523
1996 $232,463,023 $5,759,570,336
1995 $141,853,361 $5,329,217,747
1994 $100,807,003 $4,947,181,646
1993 $136,047,906 $4,669,491,134
1992 $134,707,184 $5,439,552,941
1991 $110,906,029 $5,307,905,882
1990 $112,119,411 $5,068,000,000
1989 $88,265,975 $4,323,058,824
1988 $100,534,657 $4,496,910,569
1987 $93,345,860 $4,797,777,778
1986 $76,407,396 $4,794,444,444
1985 $62,118,570 $7,375,918,367
1984 $50,320,914 $7,757,083,333
1983 $44,442,457 $7,763,750,000
1982 $44,294,648 $8,140,416,667
1981 $36,731,423 $6,992,083,333
1980 $50,642,881 $6,235,833,333
1979 - $4,602,416,625
1978 - $3,562,333,458
1977 $103,987,520 $3,138,666,667
1976 $103,653,050 $2,500,424,955
1975 $104,295,643 $2,442,669,825
1974 $94,159,863 $2,042,001,071
1973 $81,203,227 $1,308,785,431
1972 $65,429,198 $1,083,391,758
1971 $64,946,955 $896,765,215
1970 $66,331,429 $821,850,000
1969 $67,225,714 $779,200,000
1968 $67,514,286 $758,899,950
1967 $72,317,447 $761,981,912
1966 $69,110,000 $723,739,857
1965 $64,748,333 $736,573,159
1964 $51,915,000 $711,897,520
1963 $44,266,667 $678,239,329
1962 $37,253,333 $619,322,810
1961 - $584,964,621
1960 - $535,673,252

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

GeoRank.org/economy/equatorial-guinea/trinidad-and-tobago | CC BY

GDP per capita in Equatorial Guinea vs Trinidad and Tobago by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $18,733 $36,329
2023 $6,678 $17,412 $18,308 $34,623
2022 $7,589 $18,140 $20,751 $32,979
2021 $6,946 $16,821 $17,713 $30,482
2020 $5,764 $13,677 $15,284 $26,731
2019 $6,804 $16,451 $17,213 $29,316
2018 $8,102 $18,413 $17,571 $28,673
2017 $7,809 $18,435 $17,566 $28,484
2016 $7,453 $16,649 $17,449 $28,232
2015 $9,069 $19,479 $19,887 $29,825
2014 $15,549 $27,177 $21,908 $32,027
2013 $16,304 $27,910 $21,305 $31,746
2012 $17,309 $30,012 $20,332 $31,883
2011 $17,198 $27,242 $19,151 $31,078
2010 $13,720 $26,168 $16,815 $30,778
2009 $13,233 $29,722 $14,634 $29,602
2008 $18,211 $30,523 $21,299 $30,807
2007 $12,617 $26,611 $16,607 $29,355
2006 $10,185 $23,511 $14,153 $27,393
2005 $8,674 $22,137 $12,346 $23,536
2004 $4,901 $19,354 $9,871 $20,674
2003 $2,931 $14,496 $8,445 $18,743
2002 $2,264 $13,255 $6,763 $16,141
2001 $1,949 $11,627 $6,657 $14,797
2000 $1,487 $7,420 $6,179 $13,953
1999 $931 $6,470 $5,179 $12,812
1998 $578 $5,280 $4,613 $11,735
1997 $717 $4,387 $4,394 $10,769
1996 $392 $1,793 $4,427 $9,883
1995 $248.3 $1,098 $4,115 $9,099
1994 $183.2 $951 $3,840 $8,631
1993 $256.7 $828 $3,647 $8,209
1992 $263.7 $756 $4,277 $8,129
1991 $225.3 $569 $4,205 $7,274
1990 $236.4 $577 $4,047 $6,878
1989 $193.2 - $3,482 -
1988 $228.7 - $3,656 -
1987 $220.9 - $3,941 -
1986 $188.8 - $3,985 -
1985 $161.1 - $6,212 -
1984 $137.9 - $6,613 -
1983 $129.4 - $6,690 -
1982 $137.5 - $7,091 -
1981 $121.1 - $6,160 -
1980 $175.5 - $5,559 -
1979 - - $4,155 -
1978 - - $3,258 -
1977 $376 - $2,907 -
1976 $369 - $2,345 -
1975 $362 - $2,319 -
1974 $319 - $1,962 -
1973 $268.6 - $1,273 -
1972 $211.4 - $1,067 -
1971 $205.6 - $894 -
1970 $206.8 - $829 -
1969 $208.4 - $795 -
1968 $211.7 - $783 -
1967 $231.9 - $797 -
1966 $226.7 - $768 -
1965 $217.1 - $793 -
1964 $177.8 - $780 -
1963 $154.8 - $756 -
1962 $132.9 - $704 -
1961 - - $678 -
1960 - - $634 -

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

GeoRank.org/economy/equatorial-guinea/trinidad-and-tobago | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Equatorial Guinea Trinidad
Gross domestic product
$12.8B
2024
$25.6B
2024
GDP rank
148/197
2024
115/197
2024
GDP growth
0.91%
2023-2024
2.51%
2023-2024
GDP per capita
$6,745
2024
$18,733
2024
GDP per capita rank
106/197
2024
61/197
2024
GDP per capita, PPP
$17,567
2024
$36,329
2024
GDP per capita PPP rank
106/197
2024
62/197
2024
Government debt
$4.65B
2024
$16.5B
2024
Debt-to-GDP ratio
36.4%
2024
64.2%
2024
Government debt per person
$2,458
2024
$12,028
2024
Government debt per person rank
110/185
2024
45/185
2024
Average annual personal income after taxes
$5,042
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
29.1%
2022
29.9%
1992
Income share by poorest 10%
2.6%
2022
2.1%
1992
Government expenditure, % of GDP
18.5%
2024
32.3%
2024
Consumer prices inflation
3.4%
2023-2024
0.53%
2023-2024
Central bank interest rate n/a
3.5%
2020
Unemployment rate
8.6%
2014
4.01%
2024
Population
1998075
1374840

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Trinidad
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 32.3% 64.2%
2023 19.2% 39.1% 33.5% 62.2%
2022 14.8% 29.8% 27.2% 51.3%
2021 12.7% 42.3% 30.3% 58.4%
2020 16.2% 49.4% 36.2% 62.5%
2019 16.8% 43.2% 31.2% 46.2%
2018 19.1% 40.6% 30.2% 41.5%
2017 20.1% 36.2% 30.7% 39.8%
2016 27.8% 41.1% 31.9% 35.4%
2015 41.6% 31.7% 35% 27.1%
2014 31.6% 12.6% 32.8% 23.5%
2013 29.3% 6.27% 31.3% 21.6%
2012 35.2% 7.1% 29.5% 21.8%
2011 27.5% 7.17% 29.4% 26.4%
2010 31.2% 7.89% 30.4% 16.8%
2009 39.8% 4.34% 37% 20.7%
2008 19.9% 0.49% 26.7% 13.5%
2007 19.7% 0.75% 25.7% 16.2%
2006 18.1% 1.22% 31.6% 16.9%
2005 14.1% 2.85% 26.7% 19.8%
2004 15.5% 4.54% 22.5% 24.2%
2003 11.8% 6.77% 22.2% 30.2%
2002 11.3% 19.4% 24.4% 37%
2001 13.5% 25.5% 24.8% 36.6%
2000 22.6% 36.6% 23.1% 38.9%
1999 18.7% 60.5% 24.1% 42.2%
1998 35.1% 59.2% 26.9% 42.8%
1997 14.8% 46.3% 27.2% 46.1%
1996 22.9% 91.2% 27.6% 47%
1995 141.5% 136.9% 26.2% 50.1%
1994 510% 216% 25.4% 52.6%
1993 256.3% 152.6% 26.9% 58.8%
1992 595% 136.9% 28.6% 49.2%
1991 284.5% 169.5% 29.6% 49.5%
1990 212.9% 157% 26.9% 47.7%
1989 116.8% 187% 30.9% 51.9%
1988 227.9% 154.5% 45.3% 65.3%
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/trinidad-and-tobago | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 64.2% in Trinidad and Tobago, ranking 143/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Trinidad
2024 -0.55% -5.24%
2023 2.39% -1.24%
2022 11.7% 0.92%
2021 2.65% -8.1%
2020 -1.77% -12.2%
2019 1.82% -3.74%
2018 0.52% -5.89%
2017 -2.59% -10.4%
2016 -10.9% -10.1%
2015 -15.1% -7.56%
2014 -7.54% -4.31%
2013 -4.4% -2.67%
2012 -7.24% -1.26%
2011 0.83% -0.67%
2010 -4.53% 0.13%
2009 -6.47% -5.42%
2008 14.6% 5.39%
2007 17.2% 3.12%
2006 21.8% 1.56%
2005 18.5% 2.36%
2004 9.22% 1.84%
2003 9.99% 1.8%
2002 17.6% -0.2%
2001 14.9% 0.61%
2000 -2.67% 0.17%
1999 -0.19% -0.88%
1998 -7.65% -1.8%
1997 3.21% 0.11%
1996 -6.36% -0.45%
1995 -123.4% 0.17%
1994 -487% -0.02%
1993 -217.9% 0.23%
1992 -557% -2.74%
1991 -236% -0.21%
1990 -160.2% -1.27%
1989 -76.2% -4.46%
1988 -208.5% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 37 years, Equatorial Guinea recorded a fiscal deficit in 22 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Equatorial Guinea posted an annual deficit equal to 54% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Equatorial Guinea

Trinidad and Tobago
1x
Year Consumer prices inflation
Equatorial Guinea Trinidad
2024 3.4% 0.53%
2023 2.4% 4.63%
2022 4.9% 5.83%
2021 -0.1% 2.06%
2020 4.8% 0.6%
2019 1.2% 1%
2018 1.3% 1.02%
2017 0.7% 1.88%
2016 1.4% 3.07%
2015 1.7% 4.66%
2014 4.3% 5.68%
2013 3.2% 5.2%
2012 3.4% 9.26%
2011 4.8% 5.11%
2010 5.3% 10.5%
2009 5.7% 6.98%
2008 4.7% 12%
2007 2.8% 7.89%
2006 4.5% 8.33%
2005 5.6% 6.87%
2004 4.2% 3.72%
2003 7.3% 3.81%
2002 7.6% 4.15%
2001 8.7% 5.54%
2000 4.8% 3.56%
1999 0.4% 3.44%
1998 7.9% 5.61%
1997 3% 3.63%

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/trinidad-and-tobago | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 3.4% in Equatorial Guinea and 0.53% in Trinidad and Tobago.

Top exports between countries

Equatorial Guinea
Export category Export value
Trinidad
Export category Export value
Machinery & equipment $57K

Balance of trade

Equatorial Guinea Trinidad
Current account balance
-$344M
1996
$645M
2024
Current account balance ranking
101/190
1996
58/190
2024
Current account balance, % of GDP
-148%
1996
+2.52%
2024
Goods imports
$292M
1996
$7.54B
2024
Goods exports
$175M
1996
$10B
2024
Service imports
$185M
1996
$2.71B
2024
Service exports
$4.88M
1996
$1.26B
2024
Imports of goods and services, % of GDP
25.4%
2024
n/a
Exports of goods and services, % of GDP
35.2%
2024
45%
2025

Economic freedom indices

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

Equatorial Guinea Trinidad
Economic freedom 47.4 62.4
Economic freedom ranking 175/197 87/197
Property rights 16.9 47.3
Government integrity 6.9 45.5
Judicial effectiveness 7.2 58.8
Tax burden 81 76.1
Government spending 90.8 71.1
Fiscal health 97.3 86.3
Business freedom 35.9 67.1
Labor freedom 45.2 57.2
Monetary freedom 73.5 81
Trade freedom 43.6 68.8
Investment freedom 40 50
Financial freedom 30 40

Economic freedom comparison by year

Equatorial Guinea
Trinidad and Tobago
1x
Year Economic freedom index
Equatorial Guinea Trinidad
2026 47.4 62.4
2025 47.7 63.6
2024 47.7 60.4
2023 48.3 59.5
2022 47.2 58.8
2021 49.2 59
2020 48.3 58.3
2019 41 57
2018 42 57.7
2017 45 61.2
2016 43.7 62.9
2015 40.4 64.1
2014 44.4 62.7
2013 42.3 62.3
2012 42.8 64.4
2011 47.5 66.5
2010 48.6 65.7
2009 51.3 68
2008 51.6 69.5
2007 53.2 70.6
2006 51.5 70.4
2005 53.3 71.5
2004 53.3 71.3
2003 53.1 68.8
2002 46.4 70.1
2001 47.9 71.8
2000 45.6 74.5
1999 45.1 72.4
1998 - 72
1997 - 71.3
1996 - 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/equatorial-guinea/trinidad-and-tobago | CC BY

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Trinidad
Services, % of GDP
51.1%
2024
59.2%
2024
Industry, % of GDP
45.8%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
0.78%
2024
GNI, Atlas method
$8.96B
2024
$27B
2024
GNI per capita, PPP
$12,330
2024
$36,580
2024
Total reserves including gold
$1.54B
2023
$5.6B
2024
Total reserves ranking
134/177
2023
94/177
2024
Net foreign direct investment
-$376M
1996
$980M
2024
Net inflows of foreign direct investment
$188M
2024
-$453M
2024
Net outflows of foreign direct investment
$154M
2024
$527M
2024
Poverty at national poverty lines
50.7%
2022
20%
2020
Gross capital formation, % of GDP
8.96%
2024
19%
2023

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/trinidad-and-tobago | 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 (1996–2026, 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. Central Intelligence Agency (CIA) (2014–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  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.

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.