The change in Gibbs Free Energy (DeltaG) for any reaction is related to the equilibrium constant K_(eq) by the simple equation:
DeltaG=-RT lnK_(eq)
where R is the universal gas constant, 8.314 J/mol-K and T is the temperature of the system in Kelvins.
If DeltaG is negative, then K > 1, which means that the reaction will be spontaneous in the forward direction when all species are present in standard concentrations (1 bar for gases, 1 M for solutes).
If DeltaG > 0 then the reverse reaction is spontaneous from standard conditions.