Economy - overview:
The discovery and exploitation of large oil reserves have contributed to dramatic economic growth but fluctuating oil prices have produced huge swings in GDP growth in recent years. Forestry, farming, and fishing are also major components of GDP. Subsistence farming is the dominate form of livelihood. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993 because of corruption and mismanagement. Government officials and their family members own most businesses, but corruption is rampant. Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. Growth remained strong in 2008, led by oil, but dropped in 2009-10, as the price of oil fell.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: The information regarding Equatorial Guinea on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Equatorial Guinea Economy 2011 information contained here. All suggestions for corrections of any errors about Equatorial Guinea Economy 2011 should be addressed to the CIA.
$24.66 billion (2010 est.)
country comparison to the world: 113
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$14.55 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
2% (2010 est.)
country comparison to the world: 152
[see also: GDP - real growth rate country ranks ]
$37,900 (2010 est.)
country comparison to the world: 29
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 2.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
93.9%
[see also: GDP - composition by sector - industry country ranks ]
services:
3.8% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
195,200 NA
country comparison to the world: 170
[see also: Labor force country ranks ]
30% (1998 est.)
country comparison to the world: 182
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
29.1% of GDP (2009 est.)
country comparison to the world: 20
[see also: Investment (gross fixed) country ranks ]
revenues: $6.739 billion
[see also: Budget - revenues country ranks ]
expenditures:
$6.984 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
4.1% of GDP (2010 est.)
country comparison to the world: 130
[see also: Public debt country ranks ]
8.2% (2010 est.)
country comparison to the world: 191
[see also: Inflation rate (consumer prices) country ranks ]
4.25% (31 December 2009)
country comparison to the world: 100
[see also: Central bank discount rate country ranks ]
NA% (31 December 2009 est.)
[see also: Commercial bank prime lending rate country ranks ]
$1.86 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$2.207 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$1.534 billion (31 December 2009)
country comparison to the world: 137
[see also: Stock of domestic credit country ranks ]
coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil nuts; livestock; timber
petroleum, fishing, sawmilling, natural gas
1.8% (2009 est.)
country comparison to the world: 134
[see also: Industrial production growth rate country ranks ]
28 million kWh (2007 est.)
country comparison to the world: 204
[see also: Electricity - production country ranks ]
26.04 million kWh (2007 est.)
country comparison to the world: 204
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
346,000 bbl/day (2009 est.)
country comparison to the world: 35
[see also: Oil - production country ranks ]
1,000 bbl/day (2009 est.)
country comparison to the world: 201
[see also: Oil - consumption country ranks ]
362,900 bbl/day (2007 est.)
country comparison to the world: 35
[see also: Oil - exports country ranks ]
1,114 bbl/day (2007 est.)
country comparison to the world: 187
[see also: Oil - imports country ranks ]
1.1 billion bbl (1 January 2010 est.)
country comparison to the world: 40
[see also: Oil - proved reserves country ranks ]
6.67 billion cu m (2008 est.)
country comparison to the world: 46
[see also: Natural gas - production country ranks ]
1.5 billion cu m (2008 est.)
country comparison to the world: 84
[see also: Natural gas - consumption country ranks ]
5.17 billion cu m (2008 est.)
country comparison to the world: 26
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 85
[see also: Natural gas - imports country ranks ]
36.81 billion cu m (1 January 2010 est.)
country comparison to the world: 67
[see also: Natural gas - proved reserves country ranks ]
-$1.477 billion (2010 est.)
country comparison to the world: 151
[see also: Current account balance country ranks ]
$10.24 billion (2010 est.)
country comparison to the world: 85
[see also: Exports country ranks ]
petroleum, methanol, timber, cocoa
US 30.31%, China 12.54%, Japan 9.21%, Spain 7.5%, South Korea 7.01%, Taiwan 5.63%, Italy 5.38%, Netherlands 4.09% (2009)
$5.743 billion (2010 est.)
country comparison to the world: 108
[see also: Imports country ranks ]
petroleum sector equipment, other equipment
China 19.97%, US 17.28%, Spain 14.94%, France 9.49%, Cote d'Ivoire 6.34%, Italy 5.02% (2009)
$4.086 billion (31 December 2010 est.)
country comparison to the world: 72
[see also: Reserves of foreign exchange and gold country ranks ]
$832 million (31 December 2010 est.)
country comparison to the world: 154
[see also: Debt - external country ranks ]
Cooperation Financiere en Afrique Centrale francs per US dollar - 506.04 (2010), 472.19 (2009), 447.81 (2008), 481.83 (2007), 522.4 (2006)
This page was last modified 09-Feb-11