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Economy of Equatorial Guinea vs Ukraine compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $214B for Ukraine, ranking 150/197 and 57/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Equatorial Guinea vs Ukraine GDP by year

Equatorial Guinea
Ukraine
1x
Year GDP, current $
Equatorial Guinea Ukraine
2025 $12,823,210,426 $214,233,312,784
2024 $13,254,388,261 $190,833,835,445
2023 $12,541,814,273 $181,221,517,869
2022 $13,687,643,436 $161,989,520,721
2021 $12,215,878,033 $199,765,859,571
2020 $9,893,816,008 $156,617,722,013
2019 $11,364,133,550 $153,883,047,510
2018 $13,097,012,134 $130,891,088,294
2017 $12,200,913,879 $112,090,505,082
2016 $11,240,808,848 $93,355,869,404
2015 $13,185,496,881 $91,030,967,789
2014 $21,765,453,082 $133,503,871,862
2013 $21,948,834,284 $190,498,811,460
2012 $22,388,344,144 $182,591,753,828
2011 $21,357,343,669 $169,333,835,202
2010 $16,314,443,436 $141,209,170,427
2009 $15,027,795,173 $121,552,153,444
2008 $19,749,893,536 $188,110,390,660
2007 $13,071,718,759 $148,733,861,386
2006 $10,086,528,699 $111,884,752,475
2005 $8,217,369,093 $89,238,865,119
2004 $4,410,764,339 $67,220,154,164
2003 $2,484,745,935 $52,010,355,753
2002 $1,806,742,742 $43,956,163,612
2001 $1,461,139,022 $39,309,580,983
2000 $1,045,998,496 $32,375,083,935
1999 $621,117,886 $31,580,639,554
1998 $370,687,634 $41,882,523,345
1997 $442,337,871 $50,151,531,592
1996 $232,463,023 $44,558,831,005
1995 $141,853,361 $48,213,856,469
1994 $100,807,003 $52,549,580,265
1993 $136,047,906 $65,648,559,903
1992 $134,707,184 $73,945,908,384
1991 $110,906,029 $77,350,733,982
1990 $112,119,411 $81,393,558,423
1989 $88,265,975 $82,709,161,099
1988 $100,534,657 $74,703,517,903
1987 $93,345,860 $64,087,694,038
1986 $76,407,396 -
1985 $62,118,570 -
1984 $50,320,914 -
1983 $44,442,457 -
1982 $44,294,648 -
1981 $36,731,423 -
1980 $50,642,881 -
1979 - -
1978 - -
1977 $103,987,520 -
1976 $103,653,050 -
1975 $104,295,643 -
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/ukraine | CC BY

GDP per capita in Equatorial Guinea vs Ukraine by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $5,496 -
2024 $7,004 $17,567 $5,040 $18,549
2023 $6,788 $17,412 $4,803 $17,665
2022 $7,589 $18,140 $3,946 $14,770
2021 $6,946 $16,821 $4,510 $17,846
2020 $5,764 $13,677 $3,505 $15,541
2019 $6,804 $16,451 $3,423 $14,217
2018 $8,102 $18,413 $2,895 $12,555
2017 $7,809 $18,435 $2,467 $11,536
2016 $7,453 $16,649 $2,047 $10,865
2015 $9,069 $19,479 $1,988 $9,922
2014 $15,549 $27,177 $2,904 $10,494
2013 $16,304 $27,910 $4,130 $10,904
2012 $17,309 $30,012 $3,951 $9,552
2011 $17,198 $27,242 $3,657 $9,127
2010 $13,720 $26,168 $3,040 $8,453
2009 $13,233 $29,722 $2,607 $7,995
2008 $18,211 $30,523 $4,018 $9,324
2007 $12,617 $26,611 $3,160 $8,900
2006 $10,185 $23,511 $2,366 $7,971
2005 $8,674 $22,137 $1,875 $7,142
2004 $4,901 $19,354 $1,401 $6,663
2003 $2,931 $14,496 $1,076 $5,764
2002 $2,264 $13,255 $903 $5,123
2001 $1,949 $11,627 $800 $4,747
2000 $1,487 $7,420 $653 $4,228
1999 $931 $6,470 $632 $3,871
1998 $578 $5,280 $831 $3,794
1997 $717 $4,387 $987 $3,794
1996 $392 $1,793 $870 $3,812
1995 $248.3 $1,098 $933 $4,124
1994 $183.2 $951 $1,009 $4,565
1993 $256.7 $828 $1,254 $5,766
1992 $263.7 $756 $1,413 $6,568
1991 $225.3 $569 $1,483 $7,148
1990 $236.4 $577 $1,564 $7,591
1989 $193.2 - $1,593 -
1988 $228.7 - $1,444 -
1987 $220.9 - $1,244 -
1986 $188.8 - - -
1985 $161.1 - - -
1984 $137.9 - - -
1983 $129.4 - - -
1982 $137.5 - - -
1981 $121.1 - - -
1980 $175.5 - - -
1979 - - - -
1978 - - - -
1977 $376 - - -
1976 $369 - - -
1975 $362 - - -
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/ukraine | CC BY

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Ukraine ranks 101st at $18,549.

Economic indicators

Equatorial Guinea Ukraine
Gross domestic product
$12.8B
2025
$214B
2025
GDP rank
150/197
2025
57/197
2025
GDP growth
-5.85%
2024-2025
1.82%
2024-2025
GDP per capita
$6,615
2025
$5,496
2025
GDP per capita rank
107/197
2025
118/197
2025
GDP per capita, PPP
$17,567
2024
$18,549
2024
GDP per capita PPP rank
106/197
2024
101/197
2024
Government debt
$5.21B
2025
$233B
2025
Debt-to-GDP ratio
40.6%
2025
108.7%
2025
Government debt per person
$2,686
2025
$5,977
2025
Government debt per person rank
109/185
2025
76/185
2025
Average annual personal income after taxes
$4,723
2026
$5,580
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2026
Income share by richest 10%
29.1%
2022
21.7%
2020
Income share by poorest 10%
2.6%
2022
4.3%
2020
Government expenditure, % of GDP
20.7%
2025
74.5%
2025
Consumer prices inflation
2.8%
2024-2025
12.7%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
8.6%
2014
9.83%
2021
Population
2008950
40408451

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Ukraine
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 74.5% 108.7%
2024 18.5% 36.4% 71.2% 89.7%
2023 19.2% 39.1% 73.4% 81.2%
2022 14.8% 29.8% 65.4% 77.7%
2021 12.7% 42.3% 40.5% 48.9%
2020 16.2% 49.4% 45.6% 60.5%
2019 16.8% 43.2% 41.5% 50.5%
2018 19.1% 40.6% 41.9% 60.4%
2017 20.1% 36.2% 41.7% 71.6%
2016 27.8% 41.1% 40.8% 79.5%
2015 41.6% 31.7% 43% 79.3%
2014 31.6% 12.6% 44.8% 70.3%
2013 29.3% 6.27% 46.3% 39%
2012 35.2% 7.1% 47.1% 36.1%
2011 27.5% 7.17% 44% 35.5%
2010 31.2% 7.89% 47.3% 39.1%
2009 39.8% 4.34% 46.8% 34.1%
2008 19.9% 0.49% 45.4% 19.7%
2007 19.7% 0.75% 42.1% 11.8%
2006 18.1% 1.22% 42.9% 14.3%
2005 14.1% 2.85% 42.6% 17.1%
2004 15.5% 4.54% 40.1% 23.9%
2003 11.8% 6.77% 37.5% 28.3%
2002 11.3% 19.4% 36.5% 32.3%
2001 13.5% 25.5% 35.3% 35.3%
2000 22.6% 36.6% 35.4% 43.7%
1999 18.7% 60.5% 26.7% 61%
1998 35.1% 59.2% 38.4% 48.1%
1997 14.8% 46.3% 42.2% 29.9%
1996 22.9% 91.2% 38.2% 24.4%
1995 141.5% 136.9% 42.7% 30.2%
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 (1985–1996, retrieved 2026-07-08).

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

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 108.7% in Ukraine, ranking 132/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Ukraine
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Ukraine
2025 -2.55% -23.3%
2024 -0.55% -17.2%
2023 2.39% -19.3%
2022 11.7% -15.6%
2021 2.65% -3.97%
2020 -1.77% -5.92%
2019 1.82% -2.08%
2018 0.52% -2.12%
2017 -2.59% -2.36%
2016 -10.9% -2.46%
2015 -15.1% -1.16%
2014 -7.54% -4.46%
2013 -4.4% -4.6%
2012 -7.24% -4.15%
2011 0.83% -2.66%
2010 -4.53% -5.56%
2009 -6.47% -6.04%
2008 14.6% -3.02%
2007 17.2% -1.89%
2006 21.8% -1.31%
2005 18.5% -2.19%
2004 9.22% -4.25%
2003 9.99% -0.86%
2002 17.6% -1.77%
2001 14.9% -2.92%
2000 -2.67% -3.18%
1999 -0.19% 5.12%
1998 -7.65% -2.78%
1997 3.21% -5.56%
1996 -6.36% -3.2%
1995 -123.4% -4.88%
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/ukraine | 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 Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Equatorial Guinea recorded a fiscal deficit in 16 of those years, while Ukraine ran a deficit in 30 years. On average, Equatorial Guinea posted an annual deficit equal to 1.84% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Equatorial Guinea

Ukraine
1x
Year Consumer prices inflation
Equatorial Guinea Ukraine
2025 2.8% 12.7%
2024 3.4% 6.5%
2023 2.4% 12.9%
2022 4.9% 20.2%
2021 -0.1% 9.4%
2020 4.8% 2.7%
2019 1.2% 7.9%
2018 1.3% 10.9%
2017 0.7% 14.4%
2016 1.4% 13.9%
2015 1.7% 48.7%
2014 4.3% 12.1%
2013 3.2% -0.3%
2012 3.4% 0.6%
2011 4.8% 8%
2010 5.3% 9.4%
2009 5.7% 15.9%
2008 4.7% 25.2%
2007 2.8% 12.8%
2006 4.5% 9.1%
2005 5.6% 13.5%
2004 4.2% 9%
2003 7.3% 5.2%
2002 7.6% 0.8%
2001 8.7% 12%
2000 4.8% 28.2%
1999 0.4% 22.7%
1998 7.9% 10.6%
1997 3% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 12.8% in Ukraine. In 2025, inflation was 2.8% in Equatorial Guinea and 12.7% in Ukraine.

Top exports between countries

Equatorial Guinea
Export category Export value
Raw materials & minerals $403K
Ukraine
Export category Export value
Animal & marine products $1.53M
Processed food, beverages & tobacco $489K
Machinery & equipment $353K
Textiles & consumer goods $128K
Raw agricultural goods $68K
Chemicals & pharma $41K
Raw materials & minerals $35K
Metals $19K
Wood & paper products $14K
Miscellaneous $2K

Balance of trade

Equatorial Guinea Ukraine
Current account balance
-$344M
1996
-$15.2B
2024
Current account balance ranking
98/190
1996
180/190
2024
Current account balance, % of GDP
-148%
1996
-7.96%
2024
Goods imports
$292M
1996
$72.3B
2024
Goods exports
$175M
1996
$39.3B
2024
Service imports
$185M
1996
$23.1B
2024
Service exports
$4.88M
1996
$17.3B
2024
Imports of goods and services, % of GDP
28.4%
2025
51.8%
2025
Exports of goods and services, % of GDP
46.5%
2025
25.3%
2025

Economic freedom indices

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

Equatorial Guinea Ukraine
Economic freedom 47.4 54.1
Economic freedom ranking 175/197 135/197
Property rights 16.9 21.6
Government integrity 6.9 35
Judicial effectiveness 7.2 28.2
Tax burden 81 83.7
Government spending 90.8 0
Fiscal health 97.3 3.9
Business freedom 35.9 57.4
Labor freedom 45.2 46.9
Monetary freedom 73.5 65.7
Trade freedom 43.6 73
Investment freedom 40 35
Financial freedom 30 30

Economic freedom comparison by year

Equatorial Guinea
Ukraine
1x
Year Economic freedom index
Equatorial Guinea Ukraine
2026 47.4 -
2025 47.7 -
2024 47.7 -
2023 48.3 -
2022 47.2 54.1
2021 49.2 56.2
2020 48.3 54.9
2019 41 52.3
2018 42 51.9
2017 45 48.1
2016 43.7 46.8
2015 40.4 46.9
2014 44.4 49.3
2013 42.3 46.3
2012 42.8 46.1
2011 47.5 45.8
2010 48.6 46.4
2009 51.3 48.8
2008 51.6 51
2007 53.2 51.5
2006 51.5 54.4
2005 53.3 55.8
2004 53.3 53.7
2003 53.1 51.1
2002 46.4 48.2
2001 47.9 48.5
2000 45.6 47.8
1999 45.1 43.7
1998 - 40.4
1997 - 43.5
1996 - 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Ukraine
Services, % of GDP
55.5%
2025
61%
2025
Industry, % of GDP
41.4%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
7.57%
2025
GNI, Atlas method
$11.4B
2025
$201B
2025
GNI per capita, PPP
$14,610
2025
$18,750
2025
Total reserves including gold
$1.08B
2024
$57.3B
2025
Total reserves ranking
141/177
2024
43/177
2025
Net foreign direct investment
-$376M
1996
-$3.71B
2024
Net inflows of foreign direct investment
$188M
2024
$4.02B
2024
Net outflows of foreign direct investment
$154M
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.4%
2024
Poverty at national poverty lines
50.7%
2022
23.2%
2020
Gross capital formation, % of GDP
-3.68%
2025
20.8%
2025

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/ukraine | 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 (1995–2026, 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 (1985–1996, retrieved 2026-07-08)
  6. TradeMap (2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.