Economy - overview:
The discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth but fluctuating oil prices have produced huge swings in GDP growth in recent years. Forestry and farming are also minor 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. The government has been widely criticized for its lack of transparency and misuse of oil revenues; however, in 2010, under Equatorial Guinea's candidacy in the Extractive Industries Transparency Initiative, the government published oil revenue figures for the first time. Undeveloped natural resources include gold, zinc, diamonds, columbite-tantalite, and other base metals. Growth remained strong in 2008, when oil production peaked, but fell in 2009-10, as the price of oil and the production level dropped. Growth returned in 2011 stimulated by higher oil prices and large investments in public infrastructure and hotels.
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: Taxes and other revenues: Budget surplus (+) or deficit (-): 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: 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: 1) The information regarding Equatorial Guinea on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Equatorial Guinea Economy 2012 information contained here. All suggestions for corrections of any errors about Equatorial Guinea Economy 2012 should be addressed to the CIA.
$26.11 billion (2011 est.)
country comparison to the world: 113
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$19.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
7.1% (2011 est.)
country comparison to the world: 17
[see also: GDP - real growth rate country ranks ]
$19,300 (2011 est.)
country comparison to the world: 65
note: data are in 2010 US dollars; population figures are uncertain for Equatorial Guinea; these per capita income figures are based on a estimated population of less than 700,000; some estimates put the figure as high as 1.2 million people; if true, the per capita GDP figures would be significantly lower
[see also: GDP - per capita country ranks ]
agriculture: 3.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 91.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 4.9% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
195,200 (2007)
country comparison to the world: 171
[see also: Labor force country ranks ]
22.3% (2009 est.)
country comparison to the world: 170
[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 ]
36.6% of GDP (2011 est.)
country comparison to the world: 14
[see also: Investment (gross fixed) country ranks ]
revenues: $9.603 billion
[see also: Budget revenues country ranks ]
expenditures: $9.17 billion (2011 est.)
[see also: Budget expenditures country ranks ]
49.5% of GDP (2011 est.)
country comparison to the world: 18
[see also: Taxes and other revenues country ranks ]
2.2% of GDP (2011 est.)
country comparison to the world: 21
[see also: Budget surplus (+) or deficit (-) country ranks ]
5.5% of GDP (2011 est.)
country comparison to the world: 132
[see also: Public debt country ranks ]
7% (2011 est.)
country comparison to the world: 152
[see also: Inflation rate (consumer prices) country ranks ]
8.5% (31 December 2010 est.)
country comparison to the world: 87
[see also: Central bank discount rate country ranks ]
15% (31 December 2011 est.)
country comparison to the world: 45
[see also: Commercial bank prime lending rate country ranks ]
$2.384 billion (31 December 2011 est.)
country comparison to the world: 119
[see also: Stock of narrow money country ranks ]
$2.882 billion (31 December 2011 est.)
country comparison to the world: 144
[see also: Stock of broad money country ranks ]
$213.6 million (31 December 2011 est.)
country comparison to the world: 180
[see also: Stock of domestic credit country ranks ]
coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil nuts; livestock; timber
petroleum, natural gas, sawmilling
1.8% (2010 est.)
country comparison to the world: 132
[see also: Industrial production growth rate country ranks ]
92 million kWh (2008 est.)
country comparison to the world: 194
[see also: Electricity - production country ranks ]
85.56 million kWh (2008 est.)
country comparison to the world: 195
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
322,700 bbl/day (2010 est.)
country comparison to the world: 36
[see also: Oil - production country ranks ]
2,000 bbl/day (2010 est.)
country comparison to the world: 186
[see also: Oil - consumption country ranks ]
395,000 bbl/day (2009 est.)
country comparison to the world: 34
[see also: Oil - exports country ranks ]
1,729 bbl/day (2009 est.)
country comparison to the world: 183
[see also: Oil - imports country ranks ]
6.27 billion cu m (2009 est.)
country comparison to the world: 47
[see also: Natural gas - production country ranks ]
1.55 billion cu m (2009 est.)
country comparison to the world: 85
[see also: Natural gas - consumption country ranks ]
4.72 billion cu m (2009 est.)
country comparison to the world: 29
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 186
[see also: Natural gas - imports country ranks ]
36.81 billion cu m (1 January 2011 est.)
country comparison to the world: 68
[see also: Natural gas - proved reserves country ranks ]
-$941 million (2011 est.)
country comparison to the world: 123
[see also: Current account balance country ranks ]
$13.65 billion (2011 est.)
country comparison to the world: 80
[see also: Exports country ranks ]
petroleum products, timber
US 24.3%, Italy 10.3%, Spain 10.1%, South Korea 8.3%, Canada 7.6%, China 6.3%, Netherlands 6.1%, Brazil 5.9% (2010)
$7.187 billion (2011 est.)
country comparison to the world: 107
[see also: Imports country ranks ]
petroleum sector equipment, other equipment, construction materials, vehicles
China 21.4%, Spain 13.8%, US 12.7%, France 10.9%, Cote dIvoire 6.7%, UK 6.3%, Italy 5.2% (2010)
$3.178 billion (31 December 2011 est.)
country comparison to the world: 102
[see also: Reserves of foreign exchange and gold country ranks ]
$1.002 billion (31 December 2011 est.)
country comparison to the world: 155
[see also: Debt - external country ranks ]
Cooperation Financiere en Afrique Centrale francs per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12