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Economy of Equatorial Guinea vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $552B for the United Arab Emirates, ranking 148/197 and 27/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Equatorial Guinea vs United Arab Emirates GDP by year

Equatorial Guinea
United Arab Emirates
1x
Year GDP, current $
Equatorial Guinea UAE
2024 $12,765,777,677 $552,324,846,835
2023 $12,337,550,584 $522,622,191,967
2022 $13,687,643,436 $511,403,403,676
2021 $12,215,878,033 $422,441,388,700
2020 $9,893,816,008 $357,161,878,829
2019 $11,364,133,550 $433,926,208,305
2018 $13,097,012,134 $440,560,108,918
2017 $12,200,913,879 $403,365,010,211
2016 $11,240,808,848 $381,717,086,453
2015 $13,185,496,881 $381,973,042,886
2014 $21,765,453,082 $424,935,874,745
2013 $21,948,834,284 $409,632,675,289
2012 $22,388,344,144 $392,793,464,942
2011 $21,357,343,669 $368,881,143,635
2010 $16,314,443,436 $307,736,419,333
2009 $15,027,795,173 $253,547,358,747
2008 $19,749,893,536 $315,474,615,739
2007 $13,071,718,759 $257,916,133,424
2006 $10,086,528,699 $222,116,541,865
2005 $8,217,369,093 $180,617,467,965
2004 $4,410,764,339 $147,824,370,320
2003 $2,484,745,935 $124,346,358,067
2002 $1,806,742,742 $109,816,201,498
2001 $1,461,139,022 $103,311,640,572
2000 $1,045,998,496 $104,337,372,362
1999 $621,117,886 $84,445,473,111
1998 $370,687,634 $75,674,336,283
1997 $442,337,871 $78,839,008,445
1996 $232,463,023 $73,571,233,996
1995 $141,853,361 $65,743,666,576
1994 $100,807,003 $59,305,093,980
1993 $136,047,906 $55,625,170,253
1992 $134,707,184 $54,239,171,888
1991 $110,906,029 $51,552,165,622
1990 $112,119,411 $50,701,443,748
1989 $88,265,975 $41,464,995,914
1988 $100,534,657 $36,275,674,203
1987 $93,345,860 $36,384,908,744
1986 $76,407,396 $33,943,612,095
1985 $62,118,570 $40,603,650,232
1984 $50,320,914 $41,807,954,236
1983 $44,442,457 $42,803,323,345
1982 $44,294,648 $46,622,718,605
1981 $36,731,423 $49,333,424,135
1980 $50,642,881 $43,599,160,050
1979 - $31,225,659,621
1978 - $23,775,764,225
1977 $103,987,520 $24,871,775,165
1976 $103,653,050 $19,213,158,779
1975 $104,295,643 $14,720,728,249
1974 $94,159,863 $11,651,505,689
1973 $81,203,227 $4,231,243,616
1972 $65,429,198 $1,415,086,929
1971 $64,946,955 $939,893,600
1970 $66,331,429 $685,986,701
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 (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/equatorial-guinea/united-arab-emirates | CC BY

GDP per capita in Equatorial Guinea vs United Arab Emirates by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $50,274 $79,229
2023 $6,678 $17,412 $49,851 $77,955
2022 $7,589 $18,140 $50,760 $75,072
2021 $6,946 $16,821 $44,119 $68,580
2020 $5,764 $13,677 $37,992 $66,791
2019 $6,804 $16,451 $45,939 $79,816
2018 $8,102 $18,413 $47,135 $77,446
2017 $7,809 $18,435 $43,734 $70,282
2016 $7,453 $16,649 $42,721 $69,987
2015 $9,069 $19,479 $44,910 $73,986
2014 $15,549 $27,177 $52,725 $87,478
2013 $16,304 $27,910 $53,247 $87,526
2012 $17,309 $30,012 $53,142 $89,198
2011 $17,198 $27,242 $51,922 $89,665
2010 $13,720 $26,168 $44,795 $85,120
2009 $13,233 $29,722 $37,803 $84,780
2008 $18,211 $30,523 $50,054 $94,628
2007 $12,617 $26,611 $45,855 $100,813
2006 $10,185 $23,511 $44,343 $106,814
2005 $8,674 $22,137 $38,719 $101,301
2004 $4,901 $19,354 $33,377 $98,661
2003 $2,931 $14,496 $29,660 $92,636
2002 $2,264 $13,255 $27,754 $88,467
2001 $1,949 $11,627 $27,745 $90,370
2000 $1,487 $7,420 $29,866 $92,899
1999 $931 $6,470 $25,856 $87,658
1998 $578 $5,280 $24,889 $90,229
1997 $717 $4,387 $27,983 $96,009
1996 $392 $1,793 $28,323 $94,620
1995 $248.3 $1,098 $27,003 $93,702
1994 $183.2 $951 $25,473 $89,959
1993 $256.7 $828 $25,033 $86,330
1992 $263.7 $756 $25,648 $87,509
1991 $225.3 $569 $25,691 $87,250
1990 $236.4 $577 $26,710 $88,455
1989 $193.2 - $23,167 -
1988 $228.7 - $21,570 -
1987 $220.9 - $23,113 -
1986 $188.8 - $23,132 -
1985 $161.1 - $29,468 -
1984 $137.9 - $32,012 -
1983 $129.4 - $34,650 -
1982 $137.5 - $39,972 -
1981 $121.1 - $44,854 -
1980 $175.5 - $42,925 -
1979 - - $34,238 -
1978 - - $29,379 -
1977 $376 - $35,020 -
1976 $369 - $31,197 -
1975 $362 - $27,117 -
1974 $319 - $23,823 -
1973 $268.6 - $9,696 -
1972 $211.4 - $3,675 -
1971 $205.6 - $2,805 -
1970 $206.8 - $2,394 -
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 (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/equatorial-guinea/united-arab-emirates | CC BY

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Equatorial Guinea UAE
Gross domestic product
$12.8B
2024
$552B
2024
GDP rank
148/197
2024
27/197
2024
GDP growth
0.91%
2023-2024
3.99%
2023-2024
GDP per capita
$6,745
2024
$50,274
2024
GDP per capita rank
106/197
2024
24/197
2024
GDP per capita, PPP
$17,567
2024
$79,229
2024
GDP per capita PPP rank
106/197
2024
16/197
2024
Government debt
$4.65B
2024
$193B
2024
Debt-to-GDP ratio
36.4%
2024
34.9%
2024
Government debt per person
$2,458
2024
$17,568
2024
Government debt per person rank
110/185
2024
36/185
2024
Average annual personal income after taxes
$5,042
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
29.1%
2022
20.5%
2018
Income share by poorest 10%
2.6%
2022
2.8%
2018
Government expenditure, % of GDP
18.5%
2024
21.4%
2024
Consumer prices inflation
3.4%
2023-2024
1.7%
2023-2024
Central bank interest rate n/a
3.65%
2025
Unemployment rate
8.6%
2014
1.88%
2024
Population
1998075
11686438

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Equatorial Guinea UAE
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 21.4% 34.9%
2023 19.2% 39.1% 22.7% 31.9%
2022 14.8% 29.8% 22.7% 31.5%
2021 12.7% 42.3% 25.9% 35.7%
2020 16.2% 49.4% 30.5% 30.1%
2019 16.8% 43.2% 27.4% 25.8%
2018 19.1% 40.6% 25.9% 20.7%
2017 20.1% 36.2% 27.2% 21.2%
2016 27.8% 41.1% 31.7% 18.6%
2015 41.6% 31.7% 26.4% 15.6%
2014 31.6% 12.6% 31.4% 13.5%
2013 29.3% 6.27% 28.9% 15.3%
2012 35.2% 7.1% 27.8% 20.2%
2011 27.5% 7.17% 29.6% 20.4%
2010 31.2% 7.89% 30.4% 18.3%
2009 39.8% 4.34% 35% 21.1%
2008 19.9% 0.49% 22% 8.95%
2007 19.7% 0.75% 17.7% 8.89%
2006 18.1% 1.22% 15.6% 5.05%
2005 14.1% 2.85% 15.7% 4.48%
2004 15.5% 4.54% 17.7% 4.08%
2003 11.8% 6.77% 20% 3.33%
2002 11.3% 19.4% 21.3% 3.43%
2001 13.5% 25.5% 25.2% 2.69%
2000 22.6% 36.6% 21.8% 3.12%
1999 18.7% 60.5% 24.3% 4.73%
1998 35.1% 59.2% 25.8% 4.18%
1997 14.8% 46.3% 22.6% 2.86%
1996 22.9% 91.2% 27.6% 3.48%
1995 141.5% 136.9% 26.1% 5.06%
1994 510% 216% 30.1% 5.58%
1993 256.3% 152.6% 31.5% 6.01%
1992 595% 136.9% 29.6% 5.31%
1991 284.5% 169.5% 36% 4.97%
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 (1985–1998, retrieved 2026-02-20).

GeoRank.org/economy/equatorial-guinea/united-arab-emirates | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 34.9% in the United Arab Emirates, ranking 143/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea UAE
2024 -0.55% 6.41%
2023 2.39% 5.82%
2022 11.7% 9.8%
2021 2.65% 3.96%
2020 -1.77% -2.42%
2019 1.82% 2.5%
2018 0.52% 3.65%
2017 -2.59% -0.16%
2016 -10.9% -2.95%
2015 -15.1% -6.35%
2014 -7.54% 1.74%
2013 -4.4% 7.99%
2012 -7.24% 8.59%
2011 0.83% 5.05%
2010 -4.53% 0.52%
2009 -6.47% -6.13%
2008 14.6% 17.6%
2007 17.2% 17.1%
2006 21.8% 20.2%
2005 18.5% 16%
2004 9.22% 6.4%
2003 9.99% 2.35%
2002 17.6% -1.24%
2001 14.9% 1.21%
2000 -2.67% 10.7%
1999 -0.19% 1.31%
1998 -7.65% 1%
1997 3.21% 6.71%
1996 -6.36% 0.92%
1995 -123.4% 3.58%
1994 -487% -1.78%
1993 -217.9% -2.89%
1992 -557% 3.34%
1991 -236% 3.89%
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/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Equatorial Guinea recorded a fiscal deficit in 19 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Equatorial Guinea posted an annual deficit equal to 45.7% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Equatorial Guinea

United Arab Emirates
1x
Year Consumer prices inflation
Equatorial Guinea UAE
2024 3.4% 1.7%
2023 2.4% 1.6%
2022 4.9% 4.8%
2021 -0.1% -0.1%
2020 4.8% -2.1%
2019 1.2% -1.9%
2018 1.3% 3.1%
2017 0.7% 2%
2016 1.4% 1.6%
2015 1.7% 4.1%
2014 4.3% 2.3%
2013 3.2% 1.1%
2012 3.4% 0.7%
2011 4.8% 0.9%
2010 5.3% 0.9%
2009 5.7% -4.7%
2008 4.7% 12.3%
2007 2.8% 11.1%
2006 4.5% 9.3%
2005 5.6% 6.2%
2004 4.2% 5%
2003 7.3% 3.1%
2002 7.6% 2.9%
2001 8.7% 2.8%
2000 4.8% 1.3%
1999 0.4% 2.1%
1998 7.9% 2%
1997 3% 3%

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

GeoRank.org/economy/equatorial-guinea/united-arab-emirates | CC BY

Over the past 28 years, Equatorial Guinea has recorded an average annual inflation rate of 3.93%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 3.4% in Equatorial Guinea and 1.7% in the United Arab Emirates.

Top exports between countries

Equatorial Guinea
Export category Export value
Wood & paper products $1.29M
Metals $1.16M
Machinery & equipment $1K
Raw materials & minerals $1K
UAE
Export category Export value
Machinery & equipment $17.5M
Chemicals & pharma $5.44M
Raw materials & minerals $2.56M
Processed food, beverages & tobacco $2.15M
Textiles & consumer goods $1.73M
Metals $1.06M
Wood & paper products $532K
Animal & marine products $87K
Miscellaneous $82K
Raw agricultural goods $33K

Balance of trade

Equatorial Guinea UAE
Current account balance
-$344M
1996
$80B
2024
Current account balance ranking
101/190
1996
9/190
2024
Current account balance, % of GDP
-148%
1996
+14.5%
2024
Goods imports
$292M
1996
$400B
2024
Goods exports
$175M
1996
$467B
2024
Service imports
$185M
1996
$117B
2024
Service exports
$4.88M
1996
$181B
2024
Imports of goods and services, % of GDP
25.4%
2024
92.2%
2023
Exports of goods and services, % of GDP
35.2%
2024
106.8%
2023

Economic freedom indices

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

Equatorial Guinea UAE
Economic freedom 47.4 71.9
Economic freedom ranking 175/197 29/197
Property rights 16.9 62.9
Government integrity 6.9 65.3
Judicial effectiveness 7.2 34.4
Tax burden 81 99.9
Government spending 90.8 85.1
Fiscal health 97.3 97.6
Business freedom 35.9 84.5
Labor freedom 45.2 63.2
Monetary freedom 73.5 81.2
Trade freedom 43.6 78.6
Investment freedom 40 50
Financial freedom 30 60

Economic freedom comparison by year

Equatorial Guinea
United Arab Emirates
1x
Year Economic freedom index
Equatorial Guinea UAE
2026 47.4 71.9
2025 47.7 71.6
2024 47.7 71.1
2023 48.3 70.9
2022 47.2 70.2
2021 49.2 76.9
2020 48.3 76.2
2019 41 77.6
2018 42 77.6
2017 45 76.9
2016 43.7 72.6
2015 40.4 72.4
2014 44.4 71.4
2013 42.3 71.1
2012 42.8 69.3
2011 47.5 67.8
2010 48.6 67.3
2009 51.3 64.7
2008 51.6 62.6
2007 53.2 62.6
2006 51.5 62.2
2005 53.3 65.2
2004 53.3 67.2
2003 53.1 73.4
2002 46.4 73.6
2001 47.9 74.9
2000 45.6 74.2
1999 45.1 71.5
1998 - 72.2
1997 - 71.9
1996 - 71.6

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

GeoRank.org/economy/equatorial-guinea/united-arab-emirates | CC BY

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea UAE
Services, % of GDP
51.1%
2024
54.9%
2024
Industry, % of GDP
45.8%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
0.77%
2024
GNI, Atlas method
$8.96B
2024
$566B
2024
GNI per capita, PPP
$12,330
2024
$81,530
2024
Total reserves including gold
$1.54B
2023
$238B
2024
Total reserves ranking
134/177
2023
14/177
2024
Net foreign direct investment
-$376M
1996
$31.5B
2024
Net inflows of foreign direct investment
$188M
2024
$45.6B
2024
Net outflows of foreign direct investment
$154M
2024
$77.2B
2024
Poverty at national poverty lines
50.7%
2022
19.5%
2020
Gross capital formation, % of GDP
8.96%
2024
26.6%
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/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, 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 (1985–1998, retrieved 2026-02-20)
  6. TradeMap (2023, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2014–2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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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.

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.