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Economy of Equatorial Guinea vs Tunisia compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $53.4B for Tunisia, ranking 148/197 and 90/197 by economy size, respectively.

Equatorial Guinea has $4.62B in government debt (35.1% of GDP), compared to $44.4B (82.9% of GDP) in Tunisia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Equatorial Guinea
GDP, current $

GDP, constant 2015 $
Tunisia
GDP, current $

GDP, constant 2015 $
Year GDP
Equatorial Guinea Tunisia
Current $ Constant $ Current $ Constant $
1961 - - $866,155,429 $6,137,829,834
1962 $37,253,333 - $880,027,733 $5,856,098,258
1963 $44,266,667 - $1,026,737,600 $5,227,504,981
1964 $51,915,000 - $1,025,866,792 $4,983,069,469
1965 $64,748,333 - $991,047,619 $4,856,664,333
1966 $69,110,000 - $1,040,952,381 $5,024,455,670
1967 $72,317,447 - $1,085,714,286 $5,032,592,900
1968 $67,514,286 - $1,214,666,667 $5,556,472,162
1969 $67,225,714 - $1,289,904,762 $5,820,283,203
1970 $66,331,429 - $1,439,238,095 $6,092,068,996
1971 $64,946,955 - $1,685,162,272 $6,735,403,513
1972 $65,429,198 - $2,237,556,149 $7,930,447,182
1973 $81,203,227 - $2,730,813,385 $7,878,531,025
1974 $94,159,863 - $3,545,868,575 $8,514,705,256
1975 $104,295,643 - $4,328,965,588 $9,124,026,071
1976 $103,653,050 - $4,508,191,942 $9,842,712,161
1977 $103,987,520 - $5,109,324,009 $10,178,456,507
1978 - - $5,968,460,080 $10,833,997,305
1979 - - $7,188,863,904 $11,545,522,372
1980 $50,642,881 $132,086,051 $8,744,134,354 $12,402,054,611
1981 $36,731,423 $139,706,651 $8,428,445,294 $13,085,912,935
1982 $44,294,648 $142,782,539 $8,133,580,052 $13,021,302,862
1983 $44,442,457 $149,927,930 $8,350,582,748 $13,630,949,504
1984 $50,320,914 $151,444,273 $8,254,541,195 $14,414,571,427
1985 $62,118,570 $170,988,428 $8,410,226,053 $15,228,789,050
1986 $76,407,396 $167,003,446 $9,017,806,654 $15,008,430,237
1987 $93,345,860 $174,412,950 $9,696,715,911 $16,014,200,843
1988 $100,534,657 $179,044,071 $10,096,245,762 $16,025,756,543
1989 $88,265,975 $176,843,301 $10,101,851,745 $16,305,678,293
1990 $112,119,411 $173,733,398 $12,290,568,182 $17,601,950,275
1991 $110,906,029 $171,957,428 $13,074,782,609 $18,289,226,397
1992 $134,707,184 $231,704,586 $15,496,708,060 $19,716,833,824
1993 $136,047,906 $257,269,047 $14,608,335,608 $20,148,598,741
1994 $100,807,003 $300,152,801 $15,633,174,304 $20,789,004,085
1995 $141,853,361 $352,638,312 $18,030,876,599 $21,277,892,826
1996 $232,463,023 $587,424,890 $19,587,161,807 $22,798,428,276
1997 $442,337,871 $1,468,403,405 $20,746,210,354 $24,038,877,878
1998 $370,687,634 $1,817,508,713 $21,802,893,587 $25,188,840,698
1999 $621,117,886 $2,283,954,429 $22,943,202,175 $26,713,932,931
2000 $1,045,998,496 $2,699,948,864 $21,473,528,161 $27,972,151,937
2001 $1,461,139,022 $4,411,173,090 $22,065,832,449 $29,034,050,814
2002 $1,806,742,742 $5,269,712,387 $23,141,616,605 $29,418,042,728
2003 $2,484,745,935 $6,005,113,942 $27,453,902,261 $30,801,396,632
2004 $4,410,764,339 $8,286,980,786 $31,183,885,241 $32,722,107,266
2005 $8,217,369,093 $9,674,942,387 $32,272,186,695 $33,862,978,438
2006 $10,086,528,699 $10,420,388,727 $34,376,664,601 $35,638,786,834
2007 $13,071,718,759 $12,012,844,403 $38,915,353,867 $38,029,978,712
2008 $19,749,893,536 $14,151,023,688 $44,859,439,902 $39,641,606,104
2009 $15,027,795,173 $14,341,122,354 $43,455,740,497 $40,848,078,614
2010 $16,314,443,436 $13,061,295,371 $46,206,091,938 $42,061,729,256
2011 $21,357,343,669 $13,913,404,306 $48,123,325,825 $41,200,879,648
2012 $22,388,344,144 $15,070,007,775 $47,311,401,813 $42,938,187,712
2013 $21,948,834,284 $14,447,134,440 $48,685,446,414 $43,981,556,030
2014 $21,765,453,082 $14,507,099,626 $50,271,812,921 $45,340,730,385
2015 $13,185,496,881 $13,185,496,881 $45,779,494,042 $45,779,494,042
2016 $11,240,808,848 $12,023,008,462 $44,360,072,680 $46,291,045,988
2017 $12,200,913,879 $11,341,603,435 $42,163,530,591 $47,326,964,920
2018 $13,097,012,134 $10,634,279,339 $42,686,504,460 $48,569,264,672
2019 $11,364,133,550 $10,051,326,715 $41,905,642,419 $49,340,470,116
2020 $9,893,816,008 $9,569,759,527 $42,491,780,918 $44,893,939,453
2021 $12,215,878,033 $9,652,085,293 $47,073,234,359 $47,020,260,422
2022 $13,687,643,436 $9,963,221,065 $44,948,769,171 $48,277,261,610
2023 $12,337,550,584 $9,456,161,987 $48,196,281,784 $48,296,165,329
2024 $12,765,777,677 $9,541,952,851 $53,409,988,745 $48,948,478,710

Economic indicators

Equatorial Guinea Tunisia
Gross domestic product
$12.8B
2024
$53.4B
2024
GDP rank
148/197
2024
90/197
2024
GDP growth
3.47%
2023-2024
10.8%
2023-2024
GDP per capita
$6,745
2024
$4,350
2024
GDP per capita rank
106/197
2024
127/197
2024
GDP per capita, PPP
$17,567
2024
$14,451
2024
Government debt
$4.62B
2024
$44.4B
2024
Debt-to-GDP ratio
35.1%
2025
82.9%
2025
Government debt per person
$2,442
2024
$3,617
2024
Government debt per person rank
112/185
2024
95/185
2024
Average annual personal income after taxes
$4,393
2025
$4,061
2025
Market capitalization of domestic companies n/a
$8.3B
2024
Income share by richest 10%
29.1%
2022
27%
2021
Income share by poorest 10%
2.6%
2022
3.1%
2021
Government expenditure, % of GDP
18.7%
2025
32.4%
2025
Consumer prices inflation
2.9%
2024-2025
5.9%
2024-2025
Central bank interest rate n/a
7.5%
2025
Unemployment rate
8.6%
2014
15.1%
2023
Population
1975406
12402051

GDP per capita in Equatorial Guinea vs Tunisia

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $4,350 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 103rd at $17,567, while Tunisia ranks 116th at $14,451.

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
Year Current $
Equatorial Guinea Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1961 - - $200.7 -
1962 $132.9 - $201.4 -
1963 $154.8 - $231.9 -
1964 $177.8 - $228.5 -
1965 $217.1 - $217.3 -
1966 $226.7 - $223.8 -
1967 $231.9 - $228 -
1968 $211.7 - $248.9 -
1969 $208.4 - $257.7 -
1970 $206.8 - $280.5 -
1971 $205.6 - $320 -
1972 $211.4 - $415 -
1973 $268.6 - $493 -
1974 $319 - $624 -
1975 $362 - $741 -
1976 $369 - $752 -
1977 $376 - $830 -
1978 $376 - $946 -
1979 $372 - $1,113 -
1980 $175.5 - $1,324 -
1981 $121.1 - $1,247 -
1982 $137.5 - $1,177 -
1983 $129.4 - $1,184 -
1984 $137.9 - $1,143 -
1985 $161.1 - $1,135 -
1986 $188.8 - $1,187 -
1987 $220.9 - $1,245 -
1988 $228.7 - $1,266 -
1989 $193.2 - $1,239 -
1990 $236.4 $577 $1,476 $3,780
1991 $225.3 $569 $1,538 $3,975
1992 $263.7 $756 $1,785 $4,292
1993 $256.7 $828 $1,649 $4,401
1994 $183.2 $951 $1,733 $4,555
1995 $248.3 $1,098 $1,968 $4,686
1996 $392 $1,793 $2,107 $5,040
1997 $717 $4,387 $2,202 $5,333
1998 $578 $5,280 $2,285 $5,579
1999 $931 $6,470 $2,376 $5,930
2000 $1,487 $7,420 $2,199 $6,279
2001 $1,949 $11,627 $2,236 $6,593
2002 $2,264 $13,255 $2,321 $6,715
2003 $2,931 $14,496 $2,726 $7,098
2004 $4,901 $19,354 $3,067 $7,672
2005 $8,674 $22,137 $3,147 $8,117
2006 $10,185 $23,511 $3,323 $8,729
2007 $12,617 $26,611 $3,727 $9,479
2008 $18,211 $30,523 $4,255 $9,975
2009 $13,233 $29,722 $4,080 $10,237
2010 $13,720 $26,168 $4,292 $10,555
2011 $17,198 $27,242 $4,421 $10,436
2012 $17,309 $30,012 $4,297 $10,615
2013 $16,304 $27,910 $4,370 $10,672
2014 $15,549 $27,177 $4,459 $10,947
2015 $9,069 $19,479 $4,015 $10,783
2016 $7,453 $16,649 $3,848 $10,994
2017 $7,809 $18,435 $3,619 $11,289
2018 $8,102 $18,413 $3,628 $11,841
2019 $6,804 $16,451 $3,529 $12,495
2020 $5,764 $13,677 $3,549 $11,918
2021 $6,946 $16,821 $3,907 $12,444
2022 $7,589 $18,140 $3,709 $13,608
2023 $6,678 $17,412 $3,950 $14,010
2024 $6,745 $17,567 $4,350 $14,451

Spending and national debt comparison

In 2024, Equatorial Guinea's government spending was $2.52B, accounting for 18.7% of its GDP, while Tunisia's spent $18.1B, or 32.4% of GDP.

Debt-to-GDP ratio is 35.1% in Equatorial Guinea and 82.9% in Tunisia, ranking 148/185 and 40/185, respectively.

Equatorial Guinea
Government spending

Government debt
Tunisia
Government spending

Government debt
Year % of GDP
Equatorial Guinea Tunisia
Government spending Government debt Government spending Government debt
1985 115.4% 183.8% - -
1986 119% 152.5% - -
1987 183% 141.3% - -
1988 227.9% 154.5% - -
1989 116.8% 187% - -
1990 212.9% 157% - -
1991 284.5% 169.5% 27.6% 63.3%
1992 595% 136.9% 25.7% 62.1%
1993 256.3% 152.6% 26.7% 63.8%
1994 510% 216% 25.9% 63.9%
1995 141.5% 136.9% 26.6% 65.6%
1996 22.9% 91.2% 26.7% 66.8%
1997 14.8% 46.3% 24.5% 66.6%
1998 35.1% 59.2% 24.2% 58.2%
1999 18.7% 60.5% 24% 61.9%
2000 22.6% 36.6% 24% 62.9%
2001 13.5% 25.5% 24% 52.2%
2002 11.3% 19.4% 24.1% 51.6%
2003 13.9% 6.77% 23.5% 52.6%
2004 10.8% 4.54% 23% 51.6%
2005 14.1% 2.85% 23% 50%
2006 18.1% 1.22% 22.9% 45.7%
2007 19.7% 0.75% 23.3% 42.7%
2008 19.9% 0.49% 23.7% 41.4%
2009 39.8% 4.34% 24.6% 40.3%
2010 31.2% 7.89% 24% 38.8%
2011 27.5% 7.17% 27.9% 43.3%
2012 35.2% 7.1% 28.3% 49%
2013 29.3% 6.27% 30.8% 45.6%
2014 31.6% 12.6% 27.7% 50.7%
2015 41.6% 31.7% 27.4% 52.4%
2016 27.8% 41.1% 27.2% 58.9%
2017 20.1% 36.2% 28.7% 67.1%
2018 19.1% 40.6% 28.7% 72.9%
2019 16.8% 43.2% 29.5% 67.3%
2020 16.2% 49.4% 34.5% 77.7%
2021 12.7% 42.3% 33.2% 79.7%
2022 14.8% 29.8% 36.5% 82.9%
2023 19.2% 36.3% 35.7% 82.5%
2024 19.7% 36.2% 33.8% 83.1%
2025 18.7% 35.1% 32.4% 82.9%

Government deficit by year

In 2024, Equatorial Guinea's government deficit, the difference between spending and revenue, was -$158M, equivalent to -1.23% of GDP. This compares to Tunisia's deficit of -$3.16B, or -5.91% of GDP.

Over the past 34 years, Equatorial Guinea recorded a fiscal deficit in 19 of those years, while Tunisia ran a deficit in 34 years. On average, Equatorial Guinea posted an annual deficit equal to -45.6% of GDP, compared to deficit of -4.05% of GDP for Tunisia.

Deficit/surplus
Equatorial Guinea

Tunisia
Year Deficit/surplus, % of GDP
Equatorial Guinea Tunisia
1985 -89.3% -
1986 -97.3% -
1987 -158% -
1988 -208.5% -
1989 -76.2% -
1990 -160.2% -
1991 -236% -5.25%
1992 -557% -3.45%
1993 -217.9% -3.22%
1994 -487% -2.87%
1995 -123.4% -4.53%
1996 -6.36% -5.18%
1997 3.21% -3.7%
1998 -7.65% -2.84%
1999 -0.19% -3.05%
2000 -2.67% -3.22%
2001 14.9% -2.87%
2002 17.6% -2.55%
2003 7.85% -2.64%
2004 13.9% -2.1%
2005 18.5% -2.59%
2006 21.8% -2.33%
2007 17.2% -2.47%
2008 14.6% -0.62%
2009 -6.47% -2.59%
2010 -4.53% -0.46%
2011 0.83% -3.19%
2012 -7.24% -4.9%
2013 -4.4% -7.05%
2014 -7.54% -3.11%
2015 -15.1% -4.95%
2016 -10.9% -5.87%
2017 -2.59% -5.61%
2018 0.52% -4.27%
2019 1.82% -3.6%
2020 -1.77% -9.06%
2021 2.65% -7.6%
2022 11.7% -6.91%
2023 2.39% -7.02%
2024 -1.23% -5.91%
2025 -0.78% -5.43%

Inflation comparison by year

Over the past 30 years, Equatorial Guinea has recorded an average annual inflation rate of 3.91%, compared with 4.54% in Tunisia. In 2025, inflation was 2.9% in Equatorial Guinea and 5.9% in Tunisia.

Inflation
Equatorial Guinea

Tunisia
Year Inflation
Equatorial Guinea Tunisia Equatorial Guinea Tunisia
1996 4.5% 3.7%
1997 3% 3.6%
1998 7.9% 3.1%
1999 0.4% 2.8%
2000 4.8% 2.8%
2001 8.7% 1.9%
2002 7.6% 2.7%
2003 7.3% 2.7%
2004 4.2% 3.7%
2005 5.6% 2%
2006 4.5% 4.1%
2007 2.8% 3.4%
2008 4.7% 4.9%
2009 5.7% 3.5%
2010 5.3% 4.4%
2011 4.8% 3.2%
2012 3.4% 4.6%
2013 3.2% 5.3%
2014 4.3% 4.6%
2015 1.7% 4.4%
2016 1.4% 3.6%
2017 0.7% 5.3%
2018 1.3% 7.3%
2019 1.2% 6.7%
2020 4.8% 5.6%
2021 -0.1% 5.7%
2022 4.9% 8.3%
2023 2.4% 9.3%
2024 3.4% 7%
2025 2.9% 5.9%

Top exports between countries

Equatorial Guinea
Export category Export value
Wood & paper products $130K
Chemicals & pharma $15K
Tunisia
Export category Export value
Processed food, beverages & tobacco $2.29M
Metals $925K
Raw materials & minerals $814K
Chemicals & pharma $780K
Machinery & equipment $392K
Textiles & consumer goods $331K
Animal & marine products $322K
Miscellaneous $190K
Raw agricultural goods $16K
Wood & paper products $6K

Balance of trade

Equatorial Guinea Tunisia
Current account balance
-$344M
1996
-$775M
2024
Current account balance ranking
99/189
1996
115/189
2024
Current account balance, % of GDP
-148%
1996
-1.45%
2024
Goods imports
$292M
1996
$18.7B
2024
Goods exports
$175M
1996
$8.95B
2024
Service imports
$185M
1996
$3.92B
2024
Service exports
$4.88M
1996
$11.2B
2024
Imports of goods and services, % of GDP
25.4%
2024
56.6%
2024
Exports of goods and services, % of GDP
35.2%
2024
48.4%
2024

Economic freedom indices

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

Equatorial Guinea Tunisia
Economic freedom 47.7 49.1
Economic freedom ranking 175/197 166/197
Property rights 18.7 59.3
Government integrity 7.2 41.3
Judicial effectiveness 7.1 39.7
Tax burden 74.9 79.4
Government spending 92.5 63.1
Fiscal health 97.2 6.4
Business freedom 36.5 56.8
Labor freedom 44.9 56
Monetary freedom 74.3 71.3
Trade freedom 48.8 56.2
Investment freedom 40 30
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for Equatorial Guinea is 47.7, ranking 175/197, compared to 49.1 for Tunisia, ranking 166/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Equatorial Guinea
Tunisia
Year Economic freedom index
Equatorial Guinea Tunisia
1995 - 63.4
1996 - 63.9
1997 - 63.8
1998 - 63.9
1999 45.1 61.1
2000 45.6 61.3
2001 47.9 60.8
2002 46.4 60.2
2003 53.1 58.1
2004 53.3 58.4
2005 53.3 55.4
2006 51.5 57.5
2007 53.2 60.3
2008 51.6 60.1
2009 51.3 58
2010 48.6 58.9
2011 47.5 58.5
2012 42.8 58.6
2013 42.3 57
2014 44.4 57.3
2015 40.4 57.7
2016 43.7 57.6
2017 45 55.7
2018 42 58.9
2019 41 55.4
2020 48.3 55.8
2021 49.2 56.6
2022 47.2 54.2
2023 48.3 52.9
2024 47.7 48.8
2025 47.7 49.1

More economic indicators

Equatorial Guinea Tunisia
Services, % of GDP
51.1%
2024
62.1%
2023
Industry, % of GDP
45.8%
2024
23.6%
2023
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
9.33%
2023
GNI, Atlas method
$8.96B
2024
$47.9B
2024
GNI per capita, PPP
$12,330
2024
$14,090
2024
Total reserves including gold
$1.54B
2023
$9.34B
2024
Total reserves ranking
134/177
2023
80/177
2024
Net foreign direct investment
-$376M
1996
-$725M
2024
Net inflows of foreign direct investment
$188M
2024
$760M
2024
Net outflows of foreign direct investment
$154M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
n/a
10.5%
2023
Poverty at national poverty lines
50.7%
2022
16.6%
2021
Gross capital formation, % of GDP
8.96%
2024
13.4%
2024

GDP per capita map

GDP per capita

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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.