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%.
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.
Equatorial Guinea GDP from 1980 to 2024
The total market value of goods and services produced annually in Equatorial Guinea.
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 |