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Economy of Equatorial Guinea vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $115B for Uzbekistan, ranking 148/197 and 66/197 by economy size, respectively.

Equatorial Guinea has $4.62B in government debt (35.1% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

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 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Equatorial Guinea Uzbekistan
Current $ Constant $ Current $ Constant $
1962 $37,253,333 - - -
1963 $44,266,667 - - -
1964 $51,915,000 - - -
1965 $64,748,333 - - -
1966 $69,110,000 - - -
1967 $72,317,447 - - -
1968 $67,514,286 - - -
1969 $67,225,714 - - -
1970 $66,331,429 - - -
1971 $64,946,955 - - -
1972 $65,429,198 - - -
1973 $81,203,227 - - -
1974 $94,159,863 - - -
1975 $104,295,643 - - -
1976 $103,653,050 - - -
1977 $103,987,520 - - -
1978 - - - -
1979 - - - -
1980 $50,642,881 $132,086,051 - -
1981 $36,731,423 $139,706,651 - -
1982 $44,294,648 $142,782,539 - -
1983 $44,442,457 $149,927,930 - -
1984 $50,320,914 $151,444,273 - -
1985 $62,118,570 $170,988,428 - -
1986 $76,407,396 $167,003,446 - -
1987 $93,345,860 $174,412,950 $8,523,160,593 $28,089,418,035
1988 $100,534,657 $179,044,071 $10,722,799,639 $30,656,392,613
1989 $88,265,975 $176,843,301 $11,948,815,258 $31,604,071,830
1990 $112,119,411 $173,733,398 $13,362,340,338 $32,109,736,981
1991 $110,906,029 $171,957,428 $13,800,167,712 $31,951,757,074
1992 $134,707,184 $231,704,586 $12,953,801,760 $28,373,160,282
1993 $136,047,906 $257,269,047 $13,099,920,056 $27,720,577,595
1994 $100,807,003 $300,152,801 $12,899,074,922 $26,279,107,562
1995 $141,853,361 $352,638,312 $13,350,461,265 $26,042,595,592
1996 $232,463,023 $587,424,890 $13,948,892,216 $26,485,319,718
1997 $442,337,871 $1,468,403,405 $14,744,603,774 $27,862,556,343
1998 $370,687,634 $1,817,508,713 $14,988,971,211 $29,060,646,266
1999 $621,117,886 $2,283,954,429 $17,078,465,982 $30,310,254,055
2000 $1,045,998,496 $2,699,948,864 $13,760,513,969 $31,472,652,299
2001 $1,461,139,022 $4,411,173,090 $11,401,421,329 $32,783,122,633
2002 $1,806,742,742 $5,269,712,387 $9,687,788,513 $34,085,756,140
2003 $2,484,745,935 $6,005,113,942 $10,134,453,435 $35,528,479,188
2004 $4,410,764,339 $8,286,980,786 $12,030,023,548 $38,174,995,818
2005 $8,217,369,093 $9,674,942,387 $14,307,509,839 $40,828,160,774
2006 $10,086,528,699 $10,420,388,727 $17,330,833,853 $43,870,437,889
2007 $13,071,718,759 $12,012,844,403 $22,311,393,928 $48,026,286,798
2008 $19,749,893,536 $14,151,023,688 $29,549,438,884 $52,362,657,564
2009 $15,027,795,173 $14,341,122,354 $33,689,223,673 $56,578,340,213
2010 $16,314,443,436 $13,061,295,371 $49,765,676,402 $60,876,691,748
2011 $21,357,343,669 $13,913,404,306 $60,178,909,297 $65,457,747,965
2012 $22,388,344,144 $15,070,007,775 $67,517,349,212 $70,106,848,439
2013 $21,948,834,284 $14,447,134,440 $73,180,037,915 $75,222,229,948
2014 $21,765,453,082 $14,507,099,626 $80,845,385,809 $80,392,884,506
2015 $13,185,496,881 $13,185,496,881 $86,196,264,755 $86,196,264,755
2016 $11,240,808,848 $12,023,008,462 $86,138,288,644 $91,309,557,165
2017 $12,200,913,879 $11,341,603,435 $69,703,222,283 $95,322,862,969
2018 $13,097,012,134 $10,634,279,339 $58,695,899,092 $100,622,047,496
2019 $11,364,133,550 $10,051,326,715 $67,293,639,798 $107,444,145,840
2020 $9,893,816,008 $9,569,759,527 $66,443,265,418 $109,123,866,128
2021 $12,215,878,033 $9,652,085,293 $77,340,060,003 $117,891,622,987
2022 $13,687,643,436 $9,963,221,065 $90,095,926,567 $124,966,702,851
2023 $12,337,550,584 $9,456,161,987 $102,641,879,249 $132,828,878,428
2024 $12,765,777,677 $9,541,952,851 $114,965,293,467 $141,462,755,525

Economic indicators

Equatorial Guinea Uzbekistan
Gross domestic product
$12.8B
2024
$115B
2024
GDP rank
148/197
2024
66/197
2024
GDP growth
3.47%
2023-2024
12%
2023-2024
GDP per capita
$6,745
2024
$3,162
2024
GDP per capita rank
106/197
2024
139/197
2024
GDP per capita, PPP
$17,567
2024
$11,879
2024
Government debt
$4.62B
2024
$37.5B
2024
Debt-to-GDP ratio
35.1%
2025
33%
2025
Government debt per person
$2,442
2024
$1,032
2024
Government debt per person rank
112/185
2024
142/185
2024
Average annual personal income after taxes
$4,393
2025
$3,203
2025
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
29.1%
2022
25.7%
2024
Income share by poorest 10%
2.6%
2022
2.3%
2024
Government expenditure, % of GDP
18.7%
2025
27.8%
2025
Consumer prices inflation
2.9%
2024-2025
9.1%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
8.6%
2014
5.29%
2020
Population
1975406
37592263

GDP per capita in Equatorial Guinea vs Uzbekistan

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 103rd at $17,567, while Uzbekistan ranks 123rd at $11,879.

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Equatorial Guinea Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1962 $132.9 - - -
1963 $154.8 - - -
1964 $177.8 - - -
1965 $217.1 - - -
1966 $226.7 - - -
1967 $231.9 - - -
1968 $211.7 - - -
1969 $208.4 - - -
1970 $206.8 - - -
1971 $205.6 - - -
1972 $211.4 - - -
1973 $268.6 - - -
1974 $319 - - -
1975 $362 - - -
1976 $369 - - -
1977 $376 - - -
1978 $376 - - -
1979 $372 - - -
1980 $175.5 - - -
1981 $121.1 - - -
1982 $137.5 - - -
1983 $129.4 - - -
1984 $137.9 - - -
1985 $161.1 - - -
1986 $188.8 - - -
1987 $220.9 - $450 -
1988 $228.7 - $551 -
1989 $193.2 - $598 -
1990 $236.4 $577 $653 $2,665
1991 $225.3 $569 $658 $2,676
1992 $263.7 $756 $603 $2,371
1993 $256.7 $828 $596 $2,318
1994 $183.2 $951 $574 $2,197
1995 $248.3 $1,098 $583 $2,178
1996 $392 $1,793 $597 $2,214
1997 $717 $4,387 $621 $2,329
1998 $578 $5,280 $621 $2,418
1999 $931 $6,470 $698 $2,522
2000 $1,487 $7,420 $555 $2,644
2001 $1,949 $11,627 $454 $2,782
2002 $2,264 $13,255 $381 $2,902
2003 $2,931 $14,496 $394 $3,047
2004 $4,901 $19,354 $462 $3,321
2005 $8,674 $22,137 $543 $3,618
2006 $10,185 $23,511 $649 $3,956
2007 $12,617 $26,611 $824 $4,386
2008 $18,211 $30,523 $1,075 $4,800
2009 $13,233 $29,722 $1,206 $5,135
2010 $13,720 $26,168 $1,753 $5,505
2011 $17,198 $27,242 $2,088 $5,949
2012 $17,309 $30,012 $2,307 $6,168
2013 $16,304 $27,910 $2,462 $6,413
2014 $15,549 $27,177 $2,675 $6,610
2015 $9,069 $19,479 $2,803 $6,800
2016 $7,453 $16,649 $2,753 $6,919
2017 $7,809 $18,435 $2,191 $7,818
2018 $8,102 $18,413 $1,813 $8,129
2019 $6,804 $16,451 $2,041 $8,544
2020 $5,764 $13,677 $1,978 $8,452
2021 $6,946 $16,821 $2,259 $9,248
2022 $7,589 $18,140 $2,579 $10,293
2023 $6,678 $17,412 $2,879 $11,107
2024 $6,745 $17,567 $3,162 $11,879

Spending and national debt comparison

In 2024, Equatorial Guinea's government spending was $2.52B, accounting for 18.7% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 35.1% in Equatorial Guinea and 33% in Uzbekistan, ranking 148/185 and 155/185, respectively.

Equatorial Guinea
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Equatorial Guinea Uzbekistan
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% - -
1992 595% 136.9% 18% -
1993 256.3% 152.6% 39.6% -
1994 510% 216% 27.1% -
1995 141.5% 136.9% 29.4% -
1996 22.9% 91.2% 35.1% -
1997 14.8% 46.3% 31.8% 15.3%
1998 35.1% 59.2% 35.1% 18%
1999 18.7% 60.5% 33.6% 18.4%
2000 22.6% 36.6% 32.9% 29.5%
2001 13.5% 25.5% 30.6% 44.8%
2002 11.3% 19.4% 34.6% 41.6%
2003 13.9% 6.77% 31.5% 31.4%
2004 10.8% 4.54% 29.4% 26.9%
2005 14.1% 2.85% 28.1% 21%
2006 18.1% 1.22% 24.7% 13.5%
2007 19.7% 0.75% 24.8% 9.56%
2008 19.9% 0.49% 26.5% 8.33%
2009 39.8% 4.34% 27.5% 7.3%
2010 31.2% 7.89% 26.4% 6.61%
2011 27.5% 7.17% 23.7% 6.33%
2012 35.2% 7.1% 23.9% 6.76%
2013 29.3% 6.27% 25.2% 6.23%
2014 31.6% 12.6% 24.9% 6.09%
2015 41.6% 31.7% 24.6% 6.72%
2016 27.8% 41.1% 23.3% 8.19%
2017 20.1% 36.2% 19.9% 17.3%
2018 19.1% 40.6% 22.2% 17.5%
2019 16.8% 43.2% 24.3% 25.4%
2020 16.2% 49.4% 26% 33.7%
2021 12.7% 42.3% 27.4% 31.7%
2022 14.8% 29.8% 31.4% 30.5%
2023 19.2% 36.3% 29.9% 32.2%
2024 19.7% 36.2% 27.8% 32.6%
2025 18.7% 35.1% 27.8% 33%

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 Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, Equatorial Guinea recorded a fiscal deficit in 18 of those years, while Uzbekistan ran a deficit in 20 years. On average, Equatorial Guinea posted an annual deficit equal to -39.9% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
Equatorial Guinea

Uzbekistan
Year Deficit/surplus, % of GDP
Equatorial Guinea Uzbekistan
1985 -89.3% -
1986 -97.3% -
1987 -158% -
1988 -208.5% -
1989 -76.2% -
1990 -160.2% -
1991 -236% -
1992 -557% 7.15%
1993 -217.9% -12%
1994 -487% -4.47%
1995 -123.4% -1.77%
1996 -6.36% -1.57%
1997 3.21% -2.05%
1998 -7.65% -3.04%
1999 -0.19% -2.91%
2000 -2.67% -3.66%
2001 14.9% -3.28%
2002 17.6% -6.31%
2003 7.85% -4.87%
2004 13.9% -3.74%
2005 18.5% -3.52%
2006 21.8% 2.72%
2007 17.2% 3.55%
2008 14.6% 5.97%
2009 -6.47% 1.82%
2010 -4.53% 2.56%
2011 0.83% 5.11%
2012 -7.24% 5.89%
2013 -4.4% 2.15%
2014 -7.54% 1.9%
2015 -15.1% -0.28%
2016 -10.9% 0.7%
2017 -2.59% 1.04%
2018 0.52% 1.64%
2019 1.82% -0.26%
2020 -1.77% -2.95%
2021 2.65% -4.1%
2022 11.7% -3.65%
2023 2.39% -3.98%
2024 -1.23% -2.26%
2025 -0.78% -2.27%

Inflation comparison by year

Over the past 30 years, Equatorial Guinea has recorded an average annual inflation rate of 3.91%, compared with 17.6% in Uzbekistan. In 2025, inflation was 2.9% in Equatorial Guinea and 9.1% in Uzbekistan.

Inflation
Equatorial Guinea

Uzbekistan
Year Inflation
Equatorial Guinea Uzbekistan Equatorial Guinea Uzbekistan
1996 4.5% 54%
1997 3% 70.9%
1998 7.9% 29%
1999 0.4% 29.1%
2000 4.8% 25%
2001 8.7% 27.3%
2002 7.6% 27.3%
2003 7.3% 12.5%
2004 4.2% 7.3%
2005 5.6% 10.7%
2006 4.5% 13.1%
2007 2.8% 11.2%
2008 4.7% 13.1%
2009 5.7% 12.3%
2010 5.3% 12.3%
2011 4.8% 12.4%
2012 3.4% 11.9%
2013 3.2% 11.7%
2014 4.3% 9.1%
2015 1.7% 8.5%
2016 1.4% 8.8%
2017 0.7% 13.9%
2018 1.3% 17.5%
2019 1.2% 14.5%
2020 4.8% 12.9%
2021 -0.1% 10.8%
2022 4.9% 11.4%
2023 2.4% 10%
2024 3.4% 9.6%
2025 2.9% 9.1%

Balance of trade

Equatorial Guinea Uzbekistan
Current account balance
-$344M
1996
-$5.72B
2024
Current account balance ranking
99/189
1996
170/189
2024
Current account balance, % of GDP
-148%
1996
-4.97%
2024
Goods imports
$292M
1996
$33.2B
2024
Goods exports
$175M
1996
$19.6B
2024
Service imports
$185M
1996
$10.5B
2024
Service exports
$4.88M
1996
$6.55B
2024
Imports of goods and services, % of GDP
25.4%
2024
38%
2024
Exports of goods and services, % of GDP
35.2%
2024
22.8%
2024

Economic freedom indices

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

Equatorial Guinea Uzbekistan
Economic freedom 47.7 58
Economic freedom ranking 175/197 111/197
Property rights 18.7 33.5
Government integrity 7.2 31.2
Judicial effectiveness 7.1 14.5
Tax burden 74.9 92.8
Government spending 92.5 73.6
Fiscal health 97.2 73.3
Business freedom 36.5 64.4
Labor freedom 44.9 47.9
Monetary freedom 74.3 64.6
Trade freedom 48.8 80.6
Investment freedom 40 60
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for Equatorial Guinea is 47.7, ranking 175/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Equatorial Guinea
Uzbekistan
Year Economic freedom index
Equatorial Guinea Uzbekistan
1998 - 31.5
1999 45.1 33.8
2000 45.6 38.1
2001 47.9 38.2
2002 46.4 38.5
2003 53.1 38.3
2004 53.3 39.1
2005 53.3 45.8
2006 51.5 48.7
2007 53.2 51.5
2008 51.6 51.9
2009 51.3 50.5
2010 48.6 47.5
2011 47.5 45.8
2012 42.8 45.8
2013 42.3 46
2014 44.4 46.5
2015 40.4 47
2016 43.7 46
2017 45 52.3
2018 42 51.5
2019 41 53.3
2020 48.3 57.2
2021 49.2 58.3
2022 47.2 55.7
2023 48.3 56.5
2024 47.7 55.9
2025 47.7 58

More economic indicators

Equatorial Guinea Uzbekistan
Services, % of GDP
51.1%
2024
45.2%
2024
Industry, % of GDP
45.8%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
18.3%
2024
GNI, Atlas method
$8.96B
2024
$110B
2024
GNI per capita, PPP
$12,330
2024
$12,000
2024
Total reserves including gold
$1.54B
2023
$41.2B
2024
Total reserves ranking
134/177
2023
50/177
2024
Net foreign direct investment
-$376M
1996
-$2.8B
2024
Net inflows of foreign direct investment
$188M
2024
$2.84B
2024
Net outflows of foreign direct investment
$154M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
n/a
8.24%
2023
Poverty at national poverty lines
50.7%
2022
8.9%
2024
Gross capital formation, % of GDP
8.96%
2024
33.3%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.