Gross Domestic Product (GDP)

In 2010, GDP at constant prices (2000=100) was XAF 4,313.311 billion, marking an increase of 0.95% from 2009.

(Source: IMF)

In 2010, GDP at current prices was XAF 7,298.32 billion, decreasing 26.49% since 2009.

 

(Source: IMF)

Gross national income (GNI)

GNI per capita at PPP of Equatorial Guinea was USD 19,330 for the year 2009, decreasing 11.69% from 2008.

 

(Source: worldbank.org)

Gross Nation Income (GNI) was USD 13.069 billion for year 2009.

Tax rates

Income tax rates on individual incomes in Equatorial Guinea are levied progressively up to 35%.

The corporate tax rate in Equatorial Guinea is 35%.           

(Source: taxrate.cc)

Inflation rates

In 2010, the inflation rate of Equatorial Guinea was registered as 8%.

 

(Source: IMF)

FDI inflows

In 2009, Foreign Direct Investment (FDI) inflow was USD 1,636 million.

(Source: unctad.org)

Central bank assets

In October 2009, the net foreign assets was XAF 1,660.70 billion and the net domestic assets was XAF -849.7 billion.

 

(Source:imf.orgpage – page 12)

Consumer price index

The consumer price index recorded a hike of 8% in 2010.

(Source: IMF) 

Interest rates

(E) – Estimated

(Source: worldbank.org, worldbank.org) 

Money supply

M2 refers to time deposits, exchange bills, mortgage bonds, and real estate bonds.

(Source: imf.org - page 13)

Official exchange rate

XAF/ USD rate for 2010 is estimated to be 440.8.

(E- Estimated P- Projected)

(Source: africaneconomicoutlook.org)

Government finances

Fiscal balance

In 2009, the estimated fiscal budget deficit of Equatorial Guinea was XAF 459.4 billion.

(Source: imf.org - page 8)

Total expenditure

In 2009, total government expenditures of Equatorial Guinea was XAF 2,828 billion.

(Source: imf.org - page 8)

Government revenue

In 2009, total revenues of Equatorial Guinea amounted to XAF 2,368.1 billion, decreasing 22.40% from 2008.

Revenue (XAF Billion)
	2004	2005	2006	2007	2008	2009
Tax revenue	226.6	371.0	510.0	472.8	688.6	905.7
Non-Tax revenue	597.7	1,133.1	1,537.1	1,835.7	2,363.2	1,462.4
Total Revenue	824.3	1,504.2	2,047.1	2,308.5	3,051.8	2,368.1

(Source: imf.org - page 9)

Balance of payments

Balance of Payments (USD million)
	2009 (e)	2008	2007	2006	2005	2004
Current account	-1950.3	1672.7	541.4	679.4	-511.0	-1,133.5
Trade balance	3236.9	10555.2	7,886.0	6,270.4	4,992.0	3,092.8
Capital and Financial account	454.3	-1262.9	-101.1	109.4	1,845.1	1,756.5
Errors and omissions	28.8	423.7	-43.6	-102.6	49.8	28.8
Overall balance	-1,467.2	833.5	396.7	686.2	1,383.9	651.8

(Source: imf.org - page 15)

The labour force in Equatorial Guinea was recorded as 261,527 people in 2009, increasing 3.99% since 2008.

(Source: World bank.org)

Labour force participation

In 2008, the labour force participation rate of Equatorial Guinea was 42.9% among women and 92.0% among men.

(Source: un.org)

The Government in Equatorial Guinea is a Presidential Republic.  Power in the country is shared at three different levels – Legislative, Executive, and Judiciary.  Executive powers are exercised by the President or the through Prime Minister and his council of Ministers. Legislative powers are exercised by the Government and the National Assembly. The judicial powers are free from legislative and executive powers, and are executed by the courts of law.

The National Assembly is comprised of 80 members, elected for a five year term.

(Source: Constitution of Equatorial Guinea)

The current President of Equatorial Guinea is H.E. Teodoro Obiang Nguema Mbasogo. He has been in power since 1979.  In the most recent elections, in November 2009, he recieved 95% votes.

(Source: africaneconomicoutlook.org)

Some of the political parties in the country are:

• ADP - Progressive Democratic Alliance
• APGE - Popular Action of Equatorial Guinea
• CLD - Liberal Democratic Convention
• CPDS - Convergence for Social Democracy (social-democratic)
• CSDP - Social Democratic and Popular Convergence
• IPGE - Popular Idea of Equatorial Guinea
• MONALIGE - National Liberation Movement of Equatorial Guinea
• MUNGE - National Unity Movement of Equatorial Guinea

(Source: africanelections.tripod.com)

Business and economic freedom

Equatorial Guinea's economic freedom score is 47.5, making its economy the 157^th freest in the 2011 Index. Equatorial Guinea ranks 37^th out of the 46 countries in the Sub-Saharan Africa region. Its score is lower than the global and regional averages.

(Source: heritage.org)

(Source: heritage.org)

Corruption perception

The Corruption Perceptions Index (CPI) is a survey to measure the perceived level of corruption across countries worldwide. Equatorial Guinea is ranked 168^th on this list with a score of 1.9. This indicates the high level of corruption prevails in the country.

(Source: transperency.org)

Freedom of information

The government of Equatorial Guinea controls media.

Ebano, La Opinion, La Nacion, La Gaceta are some of the newspapers in the country.

The World Press Freedom Index 2010 ranked Equatorial Guinea  at 167^thwith a score of 79 which, indicates that media in Equatorial Guinea is highly restricted.

(Source: BBC News, rsf.org)

Judicial system

The Supreme Court forms the highest entity of the judicial system, and the President of the Supreme Court and its members are appointed by the President of Equatorial Guinea for a term of five years.

(Source: Constitution of Equatorial Guinea)

Population

The total population of Equatorial Guinea for 2009 was 676,273, marking an annual increase of 2.6% from the previous year.

(Source: World Bank.Org)

The gender ratio in the country is balanced, there are about 98.4 males for every 100 females in the country.

(Source: un.org)

The population lying between 15-64 accounts for the highest share of  the population, 56.1%.   Followed by those lying between 0-14 accounting for 41.0% of the total population.

 

(Source: africaneconomicoutlook.org)

The fife expectancy in 2010 was 48.9 years for males and 51.3 years for females.

Source: un.org

Birth rate and death rate

In 2009, the crude birth rate was registered as 38 (per 1,000 people), and the death rate was registered as 15.

(Source: unicef.org)

Migration and urbanisation

International migrant stock, till mid 2010, was recorded at 7.5 thousand people. This was approximately 1.1% of the entire population.

As of 2007, the urban population accounted for 39.2% of the total population in the country.

(Source: un.org)

Ethnic groups

The major ethnic groups in the country are:

• Fang
• Bubi
• Annobonese
• Ndowe
• Kombe
• Bujebas

(Source:state.gov)

The country ranked 117^th on the Human Development Index  (HDI) 2010 conducted by the United Nations. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and basic standard of living (measured by purchasing power parity, PPP, income). 

(Source: UNDP)

Literacy rate

As of 2009, the literacy rate of Equatorial Guinea was 93%.

(Source: worldbank.org)

Education

In Equatorial Guinea, education is compulsory for every citizen aged 6 to 16.

There are four levels of education:

·         Pre-School

·         Primary Education

·         Secondary Education

·         Higher Education/ Advance Education

Pre-School Education is provided by kindergartens and nursery schools for children prior to the age of six.

Primary school education is the first level of compulsory education, and is for students aged 6-12.

The second level of education is secondary school, for children aged 12-18. 

Higher education or advance education consists of three levels - the first is for three years; the second level is for specialised study and is for two years; and third leve study is for research and lasts for three years.

(Source: worldbank.org)

Education resources

(Source: unesco.org)

Health

(Source: WHO)

Roadways

The roadwork consisted of 2,880 Km by the end of 2000.

Source: World Bank

Ports

In total there are nine ports in Equatorial Guinea - Port of Bata, Port of Benito, Ceiba Marine Terminal, Port of Cogo, Port of Luba, Port of Malabo, Port of Puerto Iradier, Punta Europa Terminal and Zafiro Marine Terminal.

(Source: worldportsource.com)

Airports

There are two airports in the country.

(Source: aircraft-charter-world.com)

Telecommunications

In Equatorial Guinea, there were 10,000 fixed telephone line subscribers from 2005 to 2010.

(Source: itu.int)

In 2009, there were 200,000 mobile subscribers in the country, making an increase of 106.4% since 2005.

(Source: itu.int)

Internet Access

As of June 2010, the country had 14,400 internet users and internet penetration was 2.2% of the total population.

(Source: internetworldstats.com)