Equatorial Guinea Economic Statistics and Indicators

21, Oct 2019, EDT. Welcome to the Equatorial Guinea economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Equatorial Guinea › Change country
National or Regional Currency: Central African Franc, XAF
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 722,254 (July 2014 est.)
Area: total: 28,051 sq km ; land: 28,051 sq km ; water: 0 sq km
Natural Resources: petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay
Capital: name: Malabo ; geographic coordinates: 3 45 N, 8 47 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time)

The discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth, but fluctuating oil prices along with slowing or declining oil production have resulted in much lower GDP growth in recent years. The economy is still dominated by hydrocarbon production. The government has solicited foreign investment, particularly from the United States, to diversify the economy and in February 2014 the government hosted an economic diversification symposium focused on attracting investment in five sectors: agriculture and animal ranching, fishing, mining and petrochemicals, tourism, and financial services. Undeveloped mineral resources include gold, zinc, diamonds, columbite-tantalite, and other base metals. Forestry and farming are also minor components of GDP. Subsistence farming is the dominant 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 and has attempted to address this issue by working towards compliance with the Extractive Industries Transparency Initiative.
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GDP (Constant Prices, National Currency) for Equatorial Guinea in year 2015 is XAF 4,781.27 Billion.

GDP Growth (Constant Prices, National Currency) for Equatorial Guinea in year 2015 is -12.194 %.

GDP (Current Prices, National Currency) for Equatorial Guinea in year 2015 is XAF 5,558.32 Billion.

GDP (Current Prices, US Dollars) for Equatorial Guinea in year 2015 is US$ 9.403 Billion.

GDP Deflator for Equatorial Guinea in year 2015 is 116.252 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Equatorial Guinea in year 2015 is XAF 5,981,284.35 .

GDP Per Capita (Current Prices, National Currency) for Equatorial Guinea in year 2015 is XAF 6,953,357.80 .

GDP Per Capita (Current Prices, US Dollars) for Equatorial Guinea in year 2015 is US$ 11,762.39 .

GDP (PPP), US Dollars for Equatorial Guinea in year 2015 is US$ 25.386 Billion.

GDP Per Capita (PPP), US Dollars for Equatorial Guinea in year 2015 is US$ 31,757.69 .

GDP Share of World Total (PPP) for Equatorial Guinea in year 2015 is 0.022 %.

Implied PPP Conversion Rate for Equatorial Guinea in year 2015 is 218.95 .

Investment (% of GDP) for Equatorial Guinea in year 2015 is 54.445 %.

Gross National Savings (% of GDP) for Equatorial Guinea in year 2015 is 23.862 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Equatorial Guinea in year 2015 is 208.211 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Equatorial Guinea in year 2015 is 3.15 %.

Inflation, End of Year (Indexed to Year 2000) for Equatorial Guinea in year 2015 is 210.052 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Equatorial Guinea in year 2015 is 2 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Equatorial Guinea in year 2015 is -13.28 %.

Import Volumes of Goods Only (Percent Change) for Equatorial Guinea in year 2015 is -16.353 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Equatorial Guinea in year 2015 is 5.059 %.

Export Volumes of Goods Only (Percent Change) for Equatorial Guinea in year 2015 is 4.843 %.

Population for Equatorial Guinea in year 2015 is 0.799 Million .

General government revenue (National Currency) for Equatorial Guinea in year 2015 is XAF 1,955.45 Billions.

General government revenue (% of GDP) for Equatorial Guinea in year 2015 is 35.181 %.

General government total expenditure (National Currency) for Equatorial Guinea in year 2015 is XAF 2,124.00 Billions.

General government total expenditure (% of GDP) for Equatorial Guinea in year 2015 is 38.213 %.

Total Government Net Lending/ Borrowing (National Currency) for Equatorial Guinea in year 2015 is XAF -168.554 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Equatorial Guinea in year 2015 is -3.032 %.

Fiscal Year Gross Domestic Product, Current Prices for Equatorial Guinea in year 2015 is XAF 5,558.32 Billions.

Current Account Balance (US Dollars) for Equatorial Guinea in year 2015 is US$ -0.617 Billion.

Current Account Balance (% GDP) for Equatorial Guinea in year 2015 is -6.566 %.