Equatorial Guinea's GDP changed from approximately $32M in 1980 to $10B 708M in 2024, showing an overall 33362.5% sharply increased during the period.
The lowest GDP was recorded in 1981 at $30M, and the highest in 2012 at $22B 388M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 14.1%.
For comparison, the average annual growth rate of Gabon was 3.5%, and that of Cameroon was 4.2%.
Equatorial Guinea GDP from 1980 to 2024
The total market value of goods and services produced annually in Equatorial Guinea.
Overview of Equatorial Guinea's GDP (1980–2024)
The Gross Domestic Product (GDP) of Equatorial Guinea recorded a 33362.5% sharply increased from 1980 to 2024.
The average GDP during this period was $6B 760M, and the median was $2B 71M.
GDP fluctuated within a range of $22B 358M, with a standard deviation of $7B 537M.
The average annual change was $448M 89K.
Highest and Lowest GDP Records
- Lowest GDP: 1981, $30M
- Highest GDP: 2012, $22B 388M
- Most Recent GDP: 2024, $10B 708M
Notable Annual GDP Changes
- 2008: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Equatorial Guinea's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $11B 364M → $9B 894M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $13B 89M → $15B 88M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 159M → $1B 674M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $526M → $440M
- Outcome: sharply declined
Key Economic Indicators of Equatorial Guinea (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 32M | $ 123.40 | $ 350.54 | $ 90M | 4.839 % | 0 % | −37.93 % | 0 % | 255,000 people |
1981 | $ 30M | $ 109.81 | $ 383.70 | $ 104M | 5.769 % | 0 % | −66.03 % | 0 % | 270,000 people |
1982 | $ 35M | $ 121.29 | $ 386.93 | $ 112M | 2.202 % | 0 % | −17.30 % | 0 % | 291,000 people |
1983 | $ 40M | $ 126.41 | $ 390.17 | $ 123M | 5.004 % | 0 % | 24.98 % | 0 % | 314,000 people |
1984 | $ 44M | $ 130.12 | $ 379.82 | $ 128M | 1.011 % | 0 % | 3.17 % | 0 % | 338,000 people |
1985 | $ 74M | $ 205.66 | $ 416.75 | $ 150M | 12.905 % | 0 % | 27.30 % | -83.502 % | 359,000 people |
1986 | $ 91M | $ 241.44 | $ 396.32 | $ 149M | -2.331 % | 0 % | 35.80 % | -90.822 % | 376,000 people |
1987 | $ 111M | $ 284.26 | $ 408.78 | $ 159M | 4.437 % | -21.822 % | 21.02 % | -152.319 % | 390,000 people |
1988 | $ 119M | $ 296.91 | $ 421.31 | $ 170M | 2.655 % | -13.845 % | 30.67 % | -202.134 % | 402,000 people |
1989 | $ 105M | $ 253.24 | $ 420.11 | $ 174M | -1.229 % | -20.02 % | 25.33 % | -69.198 % | 414,000 people |
1990 | $ 133M | $ 312.10 | $ 433.58 | $ 185M | 2.537 % | -14.257 % | 53.41 % | -153.683 % | 427,000 people |
1991 | $ 132M | $ 299.07 | $ 428.83 | $ 189M | -1.245 % | -30.899 % | 30.11 % | -229.16 % | 441,000 people |
1992 | $ 160M | $ 351.66 | $ 564.73 | $ 257M | 33.002 % | -6.607 % | 40.22 % | -549.84 % | 455,000 people |
1993 | $ 162M | $ 343.49 | $ 617.61 | $ 291M | 10.461 % | 1.759 % | 54.90 % | -210.737 % | 471,000 people |
1994 | $ 120M | $ 245.88 | $ 711.82 | $ 347M | 16.808 % | -0.319 % | 53.47 % | -479.899 % | 487,000 people |
1995 | $ 169M | $ 333.85 | $ 887.11 | $ 448M | 26.51 % | -73.215 % | 5.58 % | -117.68 % | 505,000 people |
1996 | $ 276M | $ 527.12 | $ 1,328.87 | $ 696M | 52.678 % | -124.557 % | −9.46 % | -2.728 % | 524,000 people |
1997 | $ 526M | $ 965.02 | $ 3,225.05 | $ 1B 756M | 147.973 % | -27.304 % | 45.82 % | 4.578 % | 545,000 people |
1998 | $ 440M | $ 777.25 | $ 3,912.29 | $ 2B 217M | 24.815 % | -90.323 % | 17.66 % | -5.936 % | 567,000 people |
1999 | $ 738M | $ 1,251.45 | $ 4,817.13 | $ 2B 842M | 26.395 % | -29.488 % | 46.48 % | 0.899 % | 590,000 people |