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Economy of Equatorial Guinea vs Uganda compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $53.9B for Uganda, ranking 148/197 and 89/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Equatorial Guinea vs Uganda GDP by year

Equatorial Guinea
Uganda
1x
Year GDP, current $
Equatorial Guinea Uganda
2024 $12,765,777,677 $53,911,907,086
2023 $12,337,550,584 $48,768,955,863
2022 $13,687,643,436 $45,565,333,211
2021 $12,215,878,033 $40,529,788,749
2020 $9,893,816,008 $37,600,368,242
2019 $11,364,133,550 $35,353,061,003
2018 $13,097,012,134 $32,927,025,620
2017 $12,200,913,879 $30,744,473,841
2016 $11,240,808,848 $29,203,988,696
2015 $13,185,496,881 $32,387,183,730
2014 $21,765,453,082 $32,612,397,257
2013 $21,948,834,284 $28,915,786,517
2012 $22,388,344,144 $27,305,915,911
2011 $21,357,343,669 $27,871,725,241
2010 $16,314,443,436 $26,673,441,431
2009 $15,027,795,173 $25,127,805,567
2008 $19,749,893,536 $14,440,404,132
2007 $13,071,718,759 $11,902,564,495
2006 $10,086,528,699 $9,977,647,683
2005 $8,217,369,093 $9,239,221,763
2004 $4,410,764,339 $7,939,487,548
2003 $2,484,745,935 $6,606,884,275
2002 $1,806,742,742 $6,178,563,591
2001 $1,461,139,022 $5,840,503,869
2000 $1,045,998,496 $6,193,246,837
1999 $621,117,886 $5,998,563,258
1998 $370,687,634 $6,584,815,847
1997 $442,337,871 $6,269,333,313
1996 $232,463,023 $6,044,585,327
1995 $141,853,361 $5,755,818,842
1994 $100,807,003 $3,990,430,447
1993 $136,047,906 $3,220,439,044
1992 $134,707,184 $2,857,457,762
1991 $110,906,029 $3,321,729,160
1990 $112,119,411 $4,304,399,310
1989 $88,265,975 $5,276,480,799
1988 $100,534,657 $6,508,931,652
1987 $93,345,860 $6,269,522,042
1986 $76,407,396 $3,923,244,050
1985 $62,118,570 $3,519,695,444
1984 $50,320,914 $3,615,647,477
1983 $44,442,457 $2,240,333,333
1982 $44,294,648 $2,177,500,000
1981 $36,731,423 $1,337,300,000
1980 $50,642,881 $1,244,610,000
1979 - $2,139,025,000
1978 - $2,420,260,870
1977 $103,987,520 $2,936,470,588
1976 $103,653,050 $2,447,300,000
1975 $104,295,643 $2,359,555,556
1974 $94,159,863 $2,098,944,967
1973 $81,203,227 $1,701,829,789
1972 $65,429,198 $1,490,970,181
1971 $64,946,955 $1,417,191,656
1970 $66,331,429 $1,259,554,809
1969 $67,225,714 $1,168,556,629
1968 $67,514,286 $1,037,379,252
1967 $72,317,447 $967,240,655
1966 $69,110,000 $925,381,492
1965 $64,748,333 $884,502,310
1964 $51,915,000 $589,247,687
1963 $44,266,667 $516,315,231
1962 $37,253,333 $449,158,233
1961 - $441,667,335
1960 - $423,145,605

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

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

GDP per capita in Equatorial Guinea vs Uganda by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $1,078 $3,273
2023 $6,678 $17,412 $1,002 $3,098
2022 $7,589 $18,140 $963 $2,919
2021 $6,946 $16,821 $883 $2,685
2020 $5,764 $13,677 $846 $2,532
2019 $6,804 $16,451 $822 $2,441
2018 $8,102 $18,413 $792 $2,312
2017 $7,809 $18,435 $765 $2,158
2016 $7,453 $16,649 $753 $2,165
2015 $9,069 $19,479 $863 $2,190
2014 $15,549 $27,177 $896 $2,134
2013 $16,304 $27,910 $818 $2,045
2012 $17,309 $30,012 $795 $2,032
2011 $17,198 $27,242 $836 $2,268
2010 $13,720 $26,168 $823 $2,092
2009 $13,233 $29,722 $799 $2,015
2008 $18,211 $30,523 $473 $1,931
2007 $12,617 $26,611 $401 $1,795
2006 $10,185 $23,511 $347 $1,660
2005 $8,674 $22,137 $330 $1,497
2004 $4,901 $19,354 $292.4 $1,405
2003 $2,931 $14,496 $250.7 $1,320
2002 $2,264 $13,255 $242 $1,255
2001 $1,949 $11,627 $236 $1,173
2000 $1,487 $7,420 $258.1 $1,124
1999 $931 $6,470 $257.9 $1,100
1998 $578 $5,280 $292.5 $1,037
1997 $717 $4,387 $286.8 $1,007
1996 $392 $1,793 $284.7 $969
1995 $248.3 $1,098 $278.5 $897
1994 $183.2 $951 $198.4 $809
1993 $256.7 $828 $165.6 $770
1992 $263.7 $756 $152.1 $719
1991 $225.3 $569 $183 $703
1990 $236.4 $577 $245 $666
1989 $193.2 - $310 -
1988 $228.7 - $395 -
1987 $220.9 - $393 -
1986 $188.8 - $253.6 -
1985 $161.1 - $234.3 -
1984 $137.9 - $247.5 -
1983 $129.4 - $157.5 -
1982 $137.5 - $157 -
1981 $121.1 - $98.6 -
1980 $175.5 - $93.8 -
1979 - - $164.5 -
1978 - - $190.7 -
1977 $376 - $237.6 -
1976 $369 - $203.3 -
1975 $362 - $201.2 -
1974 $319 - $183.7 -
1973 $268.6 - $152.7 -
1972 $211.4 - $137 -
1971 $205.6 - $133.5 -
1970 $206.8 - $122 -
1969 $208.4 - $116.7 -
1968 $211.7 - $106.9 -
1967 $231.9 - $102.8 -
1966 $226.7 - $101.4 -
1965 $217.1 - $100 -
1964 $177.8 - $68.6 -
1963 $154.8 - $62 -
1962 $132.9 - $55.5 -
1961 - - $56.2 -
1960 - - $55.4 -

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

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Uganda ranks 176th at $3,273.

Economic indicators

Equatorial Guinea Uganda
Gross domestic product
$12.8B
2024
$53.9B
2024
GDP rank
148/197
2024
89/197
2024
GDP growth
0.91%
2023-2024
6.06%
2023-2024
GDP per capita
$6,745
2024
$1,078
2024
GDP per capita rank
106/197
2024
176/197
2024
GDP per capita, PPP
$17,567
2024
$3,273
2024
GDP per capita PPP rank
106/197
2024
176/197
2024
Government debt
$4.65B
2024
$27.8B
2024
Debt-to-GDP ratio
36.4%
2024
51.5%
2024
Government debt per person
$2,458
2024
$555
2024
Government debt per person rank
110/185
2024
163/185
2024
Average annual personal income after taxes
$5,042
2026
$1,466
2026
Income share by richest 10%
29.1%
2022
34.5%
2019
Income share by poorest 10%
2.6%
2022
2.4%
2019
Government expenditure, % of GDP
18.5%
2024
18.7%
2024
Consumer prices inflation
3.4%
2023-2024
3.3%
2023-2024
Central bank interest rate n/a
9.75%
2024
Unemployment rate
8.6%
2014
3.42%
2021
Population
1998075
53170946

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Uganda
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 18.7% 51.5%
2023 19.2% 39.1% 19.3% 50.5%
2022 14.8% 29.8% 19.5% 50.2%
2021 12.7% 42.3% 22% 50.3%
2020 16.2% 49.4% 21.4% 46.3%
2019 16.8% 43.2% 18.3% 37.5%
2018 19.1% 40.6% 16.2% 34.9%
2017 20.1% 36.2% 16.3% 33.6%
2016 27.8% 41.1% 15.2% 31.3%
2015 41.6% 31.7% 14.9% 28%
2014 31.6% 12.6% 13.6% 24.8%
2013 29.3% 6.27% 13.3% 22.1%
2012 35.2% 7.1% 13.1% 19.5%
2011 27.5% 7.17% 13.2% 18%
2010 31.2% 7.89% 15.4% 18.4%
2009 39.8% 4.34% 11.8% 14.8%
2008 19.9% 0.49% 12.9% 15.7%
2007 19.7% 0.75% 13.2% 17%
2006 18.1% 1.22% 13.7% 27.8%
2005 14.1% 2.85% 14.5% 42.6%
2004 15.5% 4.54% 15.6% 49%
2003 11.8% 6.77% 16.5% 55.1%
2002 11.3% 19.4% 16.8% 54.7%
2001 13.5% 25.5% 16.2% 51.4%
2000 22.6% 36.6% 15.2% 48.5%
1999 18.7% 60.5% 14.7% 47.7%
1998 35.1% 59.2% 14% 45.1%
1997 14.8% 46.3% 13.9% 44.2%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 51.5% in Uganda, ranking 143/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Uganda
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Uganda
2024 -0.55% -3.99%
2023 2.39% -4.87%
2022 11.7% -5.45%
2021 2.65% -7.76%
2020 -1.77% -7.76%
2019 1.82% -4.82%
2018 0.52% -3.02%
2017 -2.59% -3.83%
2016 -10.9% -2.64%
2015 -15.1% -2.59%
2014 -7.54% -2.74%
2013 -4.4% -3.19%
2012 -7.24% -2.39%
2011 0.83% -2.04%
2010 -4.53% -4.64%
2009 -6.47% -1.61%
2008 14.6% -1.99%
2007 17.2% -0.82%
2006 21.8% -0.64%
2005 18.5% -0.17%
2004 9.22% 0.34%
2003 9.99% -0.97%
2002 17.6% -2.07%
2001 14.9% -0.99%
2000 -2.67% -0.62%
1999 -0.19% -1.24%
1998 -7.65% -0.7%
1997 3.21% -0.83%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/uganda | 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 Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Equatorial Guinea recorded a fiscal deficit in 13 of those years, while Uganda ran a deficit in 27 years. On average, Equatorial Guinea posted an annual surplus equal to 2.69% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Equatorial Guinea

Uganda
1x
Year Consumer prices inflation
Equatorial Guinea Uganda
2024 3.4% 3.3%
2023 2.4% 5.4%
2022 4.9% 7.2%
2021 -0.1% 2.2%
2020 4.8% 2.8%
2019 1.2% 2.1%
2018 1.3% 2.5%
2017 0.7% 5.6%
2016 1.4% 5.2%
2015 1.7% 3.7%
2014 4.3% 4.3%
2013 3.2% 5.5%
2012 3.4% 14%
2011 4.8% 18.7%
2010 5.3% 4%
2009 5.7% 13%
2008 4.7% 12%
2007 2.8% 6.1%
2006 4.5% 7.2%
2005 5.6% 8.6%
2004 4.2% 3.7%
2003 7.3% 8.7%
2002 7.6% -0.3%
2001 8.7% 1.9%
2000 4.8% 3.4%
1999 0.4% 5.8%
1998 7.9% 5.8%
1997 3% 7.7%

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

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

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 6.08% in Uganda. In 2024, inflation was 3.4% in Equatorial Guinea and 3.3% in Uganda.

Top exports between countries

Equatorial Guinea
Export category Export value
Uganda
Export category Export value
Textiles & consumer goods $3.43M
Processed food, beverages & tobacco $659K
Raw materials & minerals $38K

Balance of trade

Equatorial Guinea Uganda
Current account balance
-$344M
1996
-$4.29B
2024
Current account balance ranking
101/190
1996
164/190
2024
Current account balance, % of GDP
-148%
1996
-7.96%
2024
Goods imports
$292M
1996
$11.7B
2024
Goods exports
$175M
1996
$8.67B
2024
Service imports
$185M
1996
$4.38B
2024
Service exports
$4.88M
1996
$2.39B
2024
Imports of goods and services, % of GDP
25.4%
2024
25.9%
2024
Exports of goods and services, % of GDP
35.2%
2024
16.8%
2024

Economic freedom indices

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

Equatorial Guinea Uganda
Economic freedom 47.4 52.4
Economic freedom ranking 175/197 149/197
Property rights 16.9 42.2
Government integrity 6.9 25.1
Judicial effectiveness 7.2 29.4
Tax burden 81 73.4
Government spending 90.8 89
Fiscal health 97.3 58.3
Business freedom 35.9 50.2
Labor freedom 45.2 55.9
Monetary freedom 73.5 77.1
Trade freedom 43.6 58
Investment freedom 40 30
Financial freedom 30 40

Economic freedom comparison by year

Equatorial Guinea
Uganda
1x
Year Economic freedom index
Equatorial Guinea Uganda
2026 47.4 52.4
2025 47.7 51.3
2024 47.7 50.7
2023 48.3 51.4
2022 47.2 54.2
2021 49.2 58.6
2020 48.3 59.5
2019 41 59.7
2018 42 62
2017 45 60.9
2016 43.7 59.3
2015 40.4 59.7
2014 44.4 59.9
2013 42.3 61.1
2012 42.8 61.9
2011 47.5 61.7
2010 48.6 62.2
2009 51.3 63.5
2008 51.6 63.8
2007 53.2 63.1
2006 51.5 63.9
2005 53.3 62.9
2004 53.3 64.1
2003 53.1 60.1
2002 46.4 61
2001 47.9 60.4
2000 45.6 58.2
1999 45.1 64.8
1998 - 64.7
1997 - 66.6
1996 - 66.2
1995 - 62.9

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

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Uganda
Services, % of GDP
51.1%
2024
43.1%
2024
Industry, % of GDP
45.8%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
24.6%
2024
GNI, Atlas method
$8.96B
2024
$50.9B
2024
GNI per capita, PPP
$12,330
2024
$3,190
2024
Total reserves including gold
$1.54B
2023
$3.36B
2018
Total reserves ranking
134/177
2023
114/177
2018
Net foreign direct investment
-$376M
1996
-$3.26B
2024
Net inflows of foreign direct investment
$188M
2024
$3.26B
2024
Net outflows of foreign direct investment
$154M
2024
$400K
2024
Servicing debt to the IMF, % of GNI n/a
2.96%
2024
Poverty at national poverty lines
50.7%
2022
20.3%
2019
Gross capital formation, % of GDP
8.96%
2024
22.4%
2024

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/uganda | 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 (1995–2026, 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. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2014, retrieved 2026-02-20)

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.