Equatorial Guinea: Net lending (+) / net borrowing (-) (current LCU)

Key figures

What the numbers say

In 2022, Equatorial Guinea's net lending (+) / net borrowing (-) (current LCU) rose 801.9 billion on 2021 (from 177.29 billion to 979.19 billion).

Across the 15 yearly changes before that (2007 to 2021), the average change was −64.81 billion and a typical year strayed about 508.83 billion from that (the standard deviation). This year's change was 1.7 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 801.9 billion in 2022 and the biggest yearly fall was 1.51 trillion in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is upward, about 128.9 billion a year. A straight line explains 77% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Equatorial Guinea in the 2022 ranking

• Lao PDR — 2nd of 8: 410.33 billion
• Timor-Leste — 3rd of 8: 50.88 million
• Ecuador — 4th of 8: -7.22 million

What this measures

Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 17 values

Net lending (+) / net borrowing (-) (current LCU) in nearby economies

• Angola — -1.35 trillion (2024)
• Botswana — -11.15 billion (2023)
• Burkina Faso — -758.19 billion (2024)
• Burundi — -47.83 billion (2021)
• Cabo Verde — -16.52 billion (2020)
• Cameroon — -686.91 billion (2021)
• Central African Republic — -56.35 billion (2021)
• Congo, Dem. Rep. — -2.92 trillion (2022)
• Congo, Rep. — 107.42 billion (2021)
• Côte d'Ivoire

More public sector data for Equatorial Guinea

• Armed forces personnel, total — 1,000 (2020)
• Armed forces personnel (% of total labor force) — 0.16% (2020)
• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 10 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 60.41 (2024)
• Arms imports (SIPRI trend indicator values) — 12 million (2024)
• Net investment in nonfinancial assets (current LCU) — 336.02 billion (2022)
• Net investment in nonfinancial assets (% of GDP) — 3.94% (2022)
• Net lending (+) / net borrowing (-) (% of GDP) — 11.47% (2022)

Reading data like this

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Questions people ask

What is Equatorial Guinea's net lending (+) / net borrowing (-) (current LCU)?

979.19 billion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 14.81% from 1.15 trillion in 2006 (1% a year on average, compounded). The highest value was 1.29 trillion in 2008 and the lowest -828.79 billion in 2012.

Is the latest change in net lending (+) / net borrowing (-) (current LCU) unusual for Equatorial Guinea?

In 2022, Equatorial Guinea's net lending (+) / net borrowing (-) (current LCU) rose 801.9 billion on 2021 (from 177.29 billion to 979.19 billion). Across the 15 yearly changes before that (2007 to 2021), the average change was −64.81 billion and a typical year strayed about 508.83 billion from that (the standard deviation). This year's change was 1.7 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.NLD.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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