Equatorial Guinea Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Equatorial Guinea's budget deficit was -1.32% in 2025, ranked 50th globally. This represents a 138.3% decrease from 2024. Data from IMF WEO, covering 1980–2025.
Overview
Equatorial Guinea's budget deficit stood at -1.32% in 2025, a decline of +0.77% from 2024. The IMF projects -1.32% by 2025. Equatorial Guinea ranked 50th globally.
Equatorial Guinea’s budget deficit has narrowed dramatically from an all‑time trough of –557.50 % of GDP in 1992 to a modest –1.32 % in 2025, placing the country at rank 50 globally. The brief reversal to a surplus of 21.80 % in 2006 marked the sole positive episode in a 46‑year series that otherwise oscillated around large deficits. Compared with peers of similar fiscal position, Japan records –1.26 % and Sweden –1.37 % in the same year, suggesting that Equatorial Guinea’s current deficit is comparable to advanced economies that maintain disciplined public finances. The steep contraction from the early‑1990s reflects a combination of higher oil revenues, tighter expenditure controls and structural reforms in the public sector. If commodity prices remain stable and the government continues to improve revenue collection while restraining spending growth, the deficit is likely to stay near the low‑single‑digit range; a significant shock to oil markets or fiscal expansion could, however, reverse this trajectory.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -3.64% | - | - |
| 2029* IMF | -3.92% | - | - |
| 2028* IMF | -3.60% | - | - |
| 2027* IMF | -3.03% | - | - |
| 2026* IMF | -1.99% | - | - |
| 2025* IMF | -1.32% | - | - |
| 2025 | -1.32% | −0.77% | #50 |
| 2024 | -0.55% | −2.94% | #145 |
| 2023 | 2.39% | −9.30% | #170 |
| 2022 | 11.68% | +9.03% | #186 |
| 2021 | 2.65% | +4.42% | #181 |
| 2020 | -1.77% | −3.60% | #169 |
| 2019 | 1.82% | +1.30% | #165 |
| 2018 | 0.52% | +3.11% | #141 |
| 2017 | -2.59% | +8.33% | #85 |
| 2016 | -10.92% | +4.18% | #13 |
| 2015 | -15.10% | −7.56% | #7 |
| 2014 | -7.54% | −3.14% | #11 |
| 2013 | -4.40% | +2.84% | #52 |
| 2012 | -7.24% | −8.07% | #20 |
| 2011 | 0.84% | +5.37% | #155 |
Detected Pattern
Analysis
Equatorial Guinea matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Equatorial Guinea's budget deficit was -1.32% in 2025. Ranked 50th globally. This represents a 138.3% decrease from the previous year.
Equatorial Guinea's budget deficit peaked at 21.80% in 2006.
The lowest budget deficit in Equatorial Guinea was -557.50% in 1992.
Equatorial Guinea ranks 50th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Equatorial Guinea's budget deficit is projected to reach -1.32% by 2025 based on IMF projection.
The budget deficit of Equatorial Guinea in 2025 was -1.32%. This ranks 50th in the world.
Cite this page
@misc{historysaid_equatorial-guinea_budget-deficit,
title = {Equatorial Guinea Budget Deficit},
url = {https://historysaid.com/equatorial-guinea/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}