Economy of Equatorial Guinea
Population: 1.31 M (2018)
GDP per Capita: 10,262 USD (2018)
13,430 M.

GDP USD

(2018)

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7,810 M.

EXPORTS USD

(2018)

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5,820 M.

IMPORTS USD

(2018)

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38.02 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.42 % (2014)
GDP of 2010 USD USD 13.40 B. (2018)
GDP Current USD USD 13.43 B. (2018)
GDP per Capita Current USD USD 10,262 (2018)
GDP per capita, PPP USD 20,181 (2018)
GDP per Capita, 2010 USD USD 10,255 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 22.81 % (2018)
Government Spending USD 3.06 B. (2018)
Government Debt % GDP 38.02 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 177.70 (2018)
Trade Openness 101.46 % (2018)
Exports of Goods and Services % GDP 58.11 % (2018)
Exports Goods & Services USD 7.81 B. (2018)
Exports Annual Growth 0.50 % (2014)
Imports as % GDP 43.35 % (2018)
Total Imports USD 5.82 B. (2018)
Foreign Direct Investment % GDP 2.95 % (2018)
Foreign Direct Investment USD 0.40 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 14.76 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 0.05 B. (2018)
Remittances % GDP USD 0.05 B. (2018)
Remittances USD 0.05 B. (2018)
Balance of Payments USD 0.05 B. (2018)

Labor Market

Indicator Value
Labor Force 0.53 M. (2019)
Unemployment Rate 9.21 % (2019)
Unemployment Rate Females 6.18 % (2019)
Unemployment Rate Males 6.58 % (2019)
Youth Unemployment (ages 15-24) 18.63 % (2019)
Labor Force Participation Rate 62.33 % (2019)
Labor Force (Percent Female) 36.70 % (2019)
Female Labor Force Participation Rate 55.29 % (2019)
Male Labor Force Participation Rate 67.36 % (2019)
Dependent People 65.49 % (2018)

Agriculture Sector

Indicator Value
Forest Area 55.50 % (2016)
Forest Area km² 15,564 km² (2016)
Agricultural Land 10.12 % (2016)
Agricultural Land km² 2,840 km² (2016)
Employment 41.23 % (2019)
Value added % GDP 2.39 % (2018)
Agriculture Value added USD 0.32 B. (2018)
Crop Production Index 115.50 (2016)
Precipitation 2,156 mm (2014)
Arable Land 4 % (2016)
Cereal Yield 4 % (2016)
Food production index 117 (2016)
Rural Population 28 % (2018)
Fertilizer use of Arable Land 117 (2016)
Livestock Production Index 105 (2016)
Economy of Equatorial Guinea

According to the World Bank and its latest published data, the economy of the Equatorial Guinea presents a growth rate of 0.42 % (2014) to the previous year.

With a population that reaches 1.31 M (2018) and a gross domestic product of USD 13.43 B. (2018), it translates a Gross Domestic Product per Capita of USD 10,262 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Equatorial Guinea also has a workforce of 0.53 M. (2019) with an unemployment rate of 9.21 % (2019), where women represent 6.18 % (2019) and men 6.58 % (2019), the unemployment rate for young people between 15-24 years old stood at 18.63 % (2019). The total number of dependent people stands at 65.49 % (2018).

The central government spent 22.81 % (2018) of its gross domestic product that year, which in absolute terms is USD 3.06 B. (2018). Its consolidated public debt reached 38.02 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Equatorial Guinea exported USD 7.81 B. (2018), which represents 58.11 % (2018) of its gross domestic product, in that same sense its imports reached USD 5.82 B. (2018) with a direct foreign investment of USD 0.40 B. (2018).

Equatorial Guinea has a forest area of 15,564 km² (2016), which represents 55.50 % (2016) of its total area, an average rainfall of 2,156 mm (2014) per year and a population of 28 % (2018) living in rural areas. With a total area of 2,840 km² (2016) available for agriculture and 41.23 % (2019) of its employments, the agricultural sector contributes to the economy of the Equatorial Guinea about USD 0.32 B. (2018) (2.39 % (2018) of its GDP).