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Economy of Equatorial Guinea vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $1.12B for Vanuatu, ranking 148/197 and 188/197 by economy size, respectively.

Equatorial Guinea has $4.65B in government debt (36.4% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Equatorial Guinea vs Vanuatu GDP by year

Equatorial Guinea
Vanuatu
1x
Year GDP, current $
Equatorial Guinea Vanuatu
2024 $12,765,777,677 $1,117,972,034
2023 $12,337,550,584 $1,115,861,056
2022 $13,687,643,436 $1,055,031,361
2021 $12,215,878,033 $950,394,007
2020 $9,893,816,008 $909,421,044
2019 $11,364,133,550 $936,526,268
2018 $13,097,012,134 $914,727,908
2017 $12,200,913,879 $880,043,284
2016 $11,240,808,848 $804,323,577
2015 $13,185,496,881 $759,690,181
2014 $21,765,453,082 $773,717,011
2013 $21,948,834,284 $758,304,466
2012 $22,388,344,144 $747,839,698
2011 $21,357,343,669 $770,153,588
2010 $16,314,443,436 $670,712,980
2009 $15,027,795,173 $592,622,319
2008 $19,749,893,536 $590,748,429
2007 $13,071,718,759 $516,392,923
2006 $10,086,528,699 $439,358,587
2005 $8,217,369,093 $394,962,433
2004 $4,410,764,339 $364,996,869
2003 $2,484,745,935 $314,471,413
2002 $1,806,742,742 $262,596,536
2001 $1,461,139,022 $257,926,882
2000 $1,045,998,496 $272,014,628
1999 $621,117,886 $268,006,973
1998 $370,687,634 $262,293,411
1997 $442,337,871 $272,771,209
1996 $232,463,023 $261,370,044
1995 $141,853,361 $249,333,250
1994 $100,807,003 $233,701,301
1993 $136,047,906 $200,491,853
1992 $134,707,184 $209,088,825
1991 $110,906,029 $201,334,169
1990 $112,119,411 $168,879,207
1989 $88,265,975 $154,013,202
1988 $100,534,657 $158,351,368
1987 $93,345,860 $139,464,174
1986 $76,407,396 $126,498,935
1985 $62,118,570 $131,856,421
1984 $50,320,914 $144,482,515
1983 $44,442,457 $117,389,554
1982 $44,294,648 $114,501,913
1981 $36,731,423 $113,781,796
1980 $50,642,881 $121,185,498
1979 - $119,258,835
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 (1962–2024, retrieved 2026-04-06).

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

GDP per capita in Equatorial Guinea vs Vanuatu by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,745 $17,567 $3,411 $3,606
2023 $6,678 $17,412 $3,483 $3,568
2022 $7,589 $18,140 $3,370 $3,453
2021 $6,946 $16,821 $3,107 $3,136
2020 $5,764 $13,677 $3,043 $3,118
2019 $6,804 $16,451 $3,207 $3,315
2018 $8,102 $18,413 $3,207 $3,233
2017 $7,809 $18,435 $3,160 $3,146
2016 $7,453 $16,649 $2,956 $3,030
2015 $9,069 $19,479 $2,855 $2,966
2014 $15,549 $27,177 $2,973 $2,890
2013 $16,304 $27,910 $2,980 $2,832
2012 $17,309 $30,012 $3,005 $2,834
2011 $17,198 $27,242 $3,163 $2,816
2010 $13,720 $26,168 $2,815 $2,733
2009 $13,233 $29,722 $2,546 $2,730
2008 $18,211 $30,523 $2,604 $2,701
2007 $12,617 $26,611 $2,334 $2,573
2006 $10,185 $23,511 $2,035 $2,496
2005 $8,674 $22,137 $1,874 $2,287
2004 $4,901 $19,354 $1,774 $2,157
2003 $2,931 $14,496 $1,567 $2,070
2002 $2,264 $13,255 $1,341 $1,995
2001 $1,949 $11,627 $1,350 $2,125
2000 $1,487 $7,420 $1,460 $2,206
1999 $931 $6,470 $1,472 $2,084
1998 $578 $5,280 $1,471 $2,091
1997 $717 $4,387 $1,562 $2,087
1996 $392 $1,793 $1,529 $1,998
1995 $248.3 $1,098 $1,492 $1,961
1994 $183.2 $951 $1,431 $1,946
1993 $256.7 $828 $1,257 $1,789
1992 $263.7 $756 $1,344 $1,777
1991 $225.3 $569 $1,326 $1,737
1990 $236.4 $577 $1,141 $1,670
1989 $193.2 - $1,067 -
1988 $228.7 - $1,125 -
1987 $220.9 - $1,017 -
1986 $188.8 - $946 -
1985 $161.1 - $1,012 -
1984 $137.9 - $1,137 -
1983 $129.4 - $947 -
1982 $137.5 - $946 -
1981 $121.1 - $962 -
1980 $175.5 - $1,048 -
1979 - - $1,055 -
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 (1962–2024, retrieved 2026-04-06).

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

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while Vanuatu ranks 170th at $3,606.

Economic indicators

Equatorial Guinea Vanuatu
Gross domestic product
$12.8B
2024
$1.12B
2024
GDP rank
148/197
2024
188/197
2024
GDP growth
0.91%
2023-2024
0.94%
2023-2024
GDP per capita
$6,745
2024
$3,411
2024
GDP per capita rank
106/197
2024
137/197
2024
GDP per capita, PPP
$17,567
2024
$3,606
2024
GDP per capita PPP rank
106/197
2024
170/197
2024
Government debt
$4.65B
2024
$507M
2024
Debt-to-GDP ratio
36.4%
2024
45.3%
2024
Government debt per person
$2,458
2024
$1,546
2024
Government debt per person rank
110/185
2024
131/185
2024
Average annual personal income after taxes
$5,042
2026
$3,164
2026
Income share by richest 10%
29.1%
2022
24.7%
2019
Income share by poorest 10%
2.6%
2022
3%
2019
Government expenditure, % of GDP
18.5%
2024
41.1%
2024
Consumer prices inflation
3.4%
2023-2024
11.2%
2022-2023
Unemployment rate
8.6%
2014
4.05%
2020
Population
1998075
344750

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Vanuatu
Government spending Government debt Government spending Government debt
2024 18.5% 36.4% 41.1% 45.3%
2023 19.2% 39.1% 41.6% 41.8%
2022 14.8% 29.8% 42% 42.8%
2021 12.7% 42.3% 44.4% 48.5%
2020 16.2% 49.4% 43.4% 48%
2019 16.8% 43.2% 39.8% 45.1%
2018 19.1% 40.6% 33.3% 45.3%
2017 20.1% 36.2% 37.1% 52.6%
2016 27.8% 41.1% 35.2% 42.5%
2015 41.6% 31.7% 42.4% 36.3%
2014 31.6% 12.6% 23.3% 20.2%
2013 29.3% 6.27% 22.9% 18.6%
2012 35.2% 7.1% 24.5% 19.3%
2011 27.5% 7.17% 25.1% 21.3%
2010 31.2% 7.89% 28.3% 20.2%
2009 39.8% 4.34% 27.6% 21.1%
2008 19.9% 0.49% 27.8% 21.2%
2007 19.7% 0.75% 22.5% 19.5%
2006 18.1% 1.22% 20.1% 22.2%
2005 14.1% 2.85% 18.3% 26.3%
2004 15.5% 4.54% 18.5% 30.4%
2003 11.8% 6.77% 18.8% 38.3%
2002 11.3% 19.4% 22.3% 38.8%
2001 13.5% 25.5% 22.3% 37%
2000 22.6% 36.6% 25.4% 36.1%
1999 18.7% 60.5% 23.9% 30.6%
1998 35.1% 59.2% 27.9% 28%
1997 14.8% 46.3% 22.2% 22.9%
1996 22.9% 91.2% 24.5% 23.1%
1995 141.5% 136.9% 28% 24.1%
1994 510% 216% 24.4% 21.6%
1993 256.3% 152.6% 26.2% 20.3%
1992 595% 136.9% 31.8% 21%
1991 284.5% 169.5% 33.2% 15.9%
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/vanuatu | CC BY

In 2024, Equatorial Guinea's government spending was $2.36B, accounting for 18.5% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 36.4% in Equatorial Guinea and 45.3% in Vanuatu, ranking 143/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Vanuatu
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Vanuatu
2024 -0.55% -2.34%
2023 2.39% -0.95%
2022 11.7% -6.5%
2021 2.65% 2.38%
2020 -1.77% -1.95%
2019 1.82% 2.81%
2018 0.52% 6.26%
2017 -2.59% -1.2%
2016 -10.9% -0.72%
2015 -15.1% -8.66%
2014 -7.54% 1.44%
2013 -4.4% -0.25%
2012 -7.24% -1.7%
2011 0.83% -2.19%
2010 -4.53% -2.63%
2009 -6.47% -0.85%
2008 14.6% -0.04%
2007 17.2% 0.28%
2006 21.8% 0.49%
2005 18.5% 1.86%
2004 9.22% 0.8%
2003 9.99% -1.35%
2002 17.6% -3.63%
2001 14.9% -3.33%
2000 -2.67% -6.28%
1999 -0.19% -0.55%
1998 -7.65% -6.65%
1997 3.21% -0.51%
1996 -6.36% -1.78%
1995 -123.4% -2.59%
1994 -487% -1.49%
1993 -217.9% -3.67%
1992 -557% -2.32%
1991 -236% -2.81%
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/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Equatorial Guinea recorded a fiscal deficit in 19 of those years, while Vanuatu ran a deficit in 26 years. On average, Equatorial Guinea posted an annual deficit equal to 45.7% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Equatorial Guinea

Vanuatu
1x
Year Consumer prices inflation
Equatorial Guinea Vanuatu
2024 3.4% -
2023 2.4% 11.2%
2022 4.9% 6.68%
2021 -0.1% 2.34%
2020 4.8% 5.33%
2019 1.2% 2.76%
2018 1.3% 2.33%
2017 0.7% 3.08%
2016 1.4% 0.84%
2015 1.7% 2.48%
2014 4.3% 0.8%
2013 3.2% 1.46%
2012 3.4% 1.35%
2011 4.8% 0.87%
2010 5.3% 2.76%
2009 5.7% 4.3%
2008 4.7% 4.84%
2007 2.8% 3.94%
2006 4.5% 2.04%
2005 5.6% 1.2%
2004 4.2% 1.42%
2003 7.3% 3.02%
2002 7.6% 1.96%
2001 8.7% 3.58%
2000 4.8% 2.54%
1999 0.4% 2%
1998 7.9% 3.28%
1997 3% 2.83%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2023, retrieved 2026-04-06).

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

Over the past 27 years, Equatorial Guinea has recorded an average annual inflation rate of 3.94%, compared with 3.01% in Vanuatu. In 2023, inflation was 3.4% in Equatorial Guinea and 11.2% in Vanuatu.

Balance of trade

Equatorial Guinea Vanuatu
Current account balance
-$344M
1996
-$127M
2022
Current account balance ranking
101/190
1996
90/190
2022
Current account balance, % of GDP
-148%
1996
-12.1%
2022
Goods imports
$292M
1996
$350M
2022
Goods exports
$175M
1996
$73.6M
2022
Service imports
$185M
1996
$230M
2022
Service exports
$4.88M
1996
$78.5M
2022
Imports of goods and services, % of GDP
25.4%
2024
54.2%
2022
Exports of goods and services, % of GDP
35.2%
2024
9.43%
2022

Economic freedom indices

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

Equatorial Guinea Vanuatu
Economic freedom 47.4 61.1
Economic freedom ranking 175/197 92/197
Property rights 16.9 62.1
Government integrity 6.9 48.3
Judicial effectiveness 7.2 67.9
Tax burden 81 96.9
Government spending 90.8 48.1
Fiscal health 97.3 78.8
Business freedom 35.9 50.3
Labor freedom 45.2 41
Monetary freedom 73.5 72.1
Trade freedom 43.6 62
Investment freedom 40 65
Financial freedom 30 40

Economic freedom comparison by year

Equatorial Guinea
Vanuatu
1x
Year Economic freedom index
Equatorial Guinea Vanuatu
2026 47.4 61.1
2025 47.7 61.8
2024 47.7 62.2
2023 48.3 62.1
2022 47.2 62.9
2021 49.2 60.5
2020 48.3 60.7
2019 41 56.4
2018 42 69.5
2017 45 67.4
2016 43.7 60.8
2015 40.4 61.1
2014 44.4 59.5
2013 42.3 56.6
2012 42.8 56.6
2011 47.5 56.7
2010 48.6 56.4
2009 51.3 58.4
2008 51.6 -
2007 53.2 -
2006 51.5 -
2005 53.3 -
2004 53.3 -
2003 53.1 -
2002 46.4 -
2001 47.9 -
2000 45.6 -
1999 45.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Vanuatu
Services, % of GDP
51.1%
2024
59.1%
2022
Industry, % of GDP
45.8%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
24.3%
2022
GNI, Atlas method
$8.96B
2024
$1.28B
2024
GNI per capita, PPP
$12,330
2024
$4,140
2024
Total reserves including gold
$1.54B
2023
$615M
2024
Total reserves ranking
134/177
2023
152/177
2024
Net foreign direct investment
-$376M
1996
-$9.21M
2022
Net inflows of foreign direct investment
$188M
2024
$28.9M
2024
Net outflows of foreign direct investment
$154M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI n/a
2.04%
2024
Poverty at national poverty lines
50.7%
2022
15.9%
2020
Gross capital formation, % of GDP
8.96%
2024
38.3%
2022

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/vanuatu | 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 (1999–2026, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.