Equatorial Guinea - Economic Indicators

Economic Overview

Exploitation of oil and gas deposits, beginning in the 1990s, has driven economic growth in Equatorial Guinea; a recent rebasing of GDP resulted in an upward revision of the size of the economy by approximately 30%. Forestry and farming are minor components of GDP. Although preindependence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy since independence has diminished the potential for agriculture-led growth. Subsistence farming is the dominant form of livelihood. Declining revenue from hydrocarbon production, high...

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GDP Reference Last Previous Units Frequency
Nominal Fixed Investment (gross fixed capital formation) 2017 871,032,000,000 1,096,751,000,000 NCU Annual
Real Fixed Investment (gross fixed capital formation) 2017 570,974,000,000 734,381,000,000 NCU Annual
Real Investment 2017 573,839,000,000 739,793,000,000 NCU Annual
Private Consumption 2016 3,298,828,020,712 3,117,673,241,786 XAF Annual
Nominal Gross Domestic Product 2016 6,036,211,245,712 7,193,277,862,084 XAF Annual
Investment 2016 617,311,000,000 1,553,177,000,000 XAF Annual
Government Consumption 2015 1,485,280 1,530,600 Mil. EQE Annual
Real Gross Domestic Product 2005 100 94.31 Index 2005=100 Annual
Price Reference Last Previous Units Frequency
Consumer Price Index (CPI) Mar 2018 125.11 125.87 2010=100, NSA Monthly
Labor Reference Last Previous Units Frequency
Labor Force Employment 2017 471,595 455,294 # Annual
Labor Force 2017 471,595 455,294 # Annual
Unemployment Rate 2017 6.91 6.19 % of total labor force Annual
Total Employment 2011 352,377 345,076 ages 15+ Annual
Trade Reference Last Previous Units Frequency
Real Imports of Goods and Services 2017 2,006,262,000,000 2,063,335,000,000 NCU Annual
Real Exports of Goods and Services 2017 4,093,746,000,000 4,285,840,000,000 NCU Annual
Exports of Goods and Services 2016 3,326,376,000,000 4,308,002,000,000 XAF Annual
Imports of Goods and Services 2016 2,675,503,000,000 3,256,135,000,000 XAF Annual
Exports of Goods 1996 175,313,408 89,927,159 USD Annual
Current Account Balance 1996 -344,039,026 -123,404,175 USD Annual
Imports of Goods 1996 292,040,446 120,571,350 USD Annual
Balance of Goods 1996 -116,727,038 -30,644,191 USD Annual
Government Reference Last Previous Units Frequency
Government Revenues 2015 2,081,939,256,700 2,601,404,707,675 NCU Annual
Government Budget Balance 2010 55,500,000,000 -459,500,000,000 current LCU Annual
Markets Reference Last Previous Units Frequency
Lending Rate Apr 2013 4 4 % Monthly
Demographics Reference Last Previous Units Frequency
Population 2017 1,267,689 1,221,490 # Annual
Birth Rate 2016 34.11 34.64 # per Ths. pop. Annual
Death Rate 2016 10.19 10.34 # per Ths. pop. Annual
Net Migration 2012 90,001 # Annual

Factbook

Background

Background:
Equatorial Guinea gained independence in 1968 after 190 years of Spanish rule; it is one of the smallest countries in Africa consisting of a mainland territory and five inhabited islands. The capital of Malabo is located on the island of Bioko, approximately 25 km from the Cameroonian coastline in the Gulf of Guinea. Between 1968 and 1979, autocratic President Francisco MACIAS NGUEMA virtually destroyed all of the country's political, economic, and social institutions before being deposed by his nephew Teodoro OBIANG NGUEMA MBASOGO in a coup. President OBIANG has ruled since October 1979 and was reelected in 2016. Although nominally a constitutional democracy since 1991, presidential and legislative elections since 1996 have generally been labeled as flawed. The president exerts almost total control over the political system and has placed legal and bureaucratic barriers that prevent political opposition. Equatorial Guinea has experienced rapid economic growth due to the discovery of large offshore oil reserves, and in the last decade has become Sub-Saharan Africa's third largest oil exporter. Despite the country's economic windfall from oil production, resulting in a massive increase in government revenue in recent years, the drop in global oil prices has placed significant strain on the state budget. Equatorial Guinea continues to seek to diversify its economy and to increase foreign investment despite limited improvements in the population's living standards. Equatorial Guinea is the host of major regional and international conferences and continues to seek a greater role in regional affairs.

Geography

Location:
Central Africa, bordering the Bight of Biafra, between Cameroon and Gabon
Geographic coordinates:
2 00 N, 10 00 E
Map references:
Africa
Area:
total: 28,051 sq km
land: 28,051 sq km
water: 0 sq km
country comparison to the world: 146
Area - comparative:
slightly smaller than Maryland
Land boundaries:
total: 528 km
border countries (2): Cameroon 183 km, Gabon 345 km
Coastline:
296 km
Maritime claims:
territorial sea: 12 nm
exclusive economic zone: 200 nm
Climate:
tropical; always hot, humid
Terrain:
coastal plains rise to interior hills; islands are volcanic
Elevation:
mean elevation: 577 m
elevation extremes: lowest point: Atlantic Ocean 0 m
highest point: Pico Basile 3,008 m
Natural resources:
petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay
Land use:
agricultural land: 10.1%
arable land 4.3%; permanent crops 2.1%; permanent pasture 3.7%
forest: 57.5%
other: 32.4% (2011 est.)
Irrigated land:
NA
Population - distribution:
only two large cities over 30,000 people (Bata on the mainland, and the capital Malabo on the island of Bioko); small communities are scattered throughout the mainland and the five inhabited islands
Natural hazards:
violent windstorms; flash floods
volcanism: Santa Isabel (3,007 m), which last erupted in 1923, is the country's only historically active volcano; Santa Isabel, along with two dormant volcanoes, form Bioko Island in the Gulf of Guinea
Environment - current issues:
deforestation (forests are threatened by agricultural expansion, fires, and grazing); water pollution (tap water is non-potable); wildlife preservation
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified: none of the selected agreements
Geography - note:
insular and continental regions widely separated

People & Society

Population:
778,358 (July 2017 est.)
country comparison to the world: 164
Nationality:
noun: Equatorial Guinean(s) or Equatoguinean(s)
adjective: Equatorial Guinean or Equatoguinean
Ethnic groups:
Fang 85.7%, Bubi 6.5%, Mdowe 3.6%, Annobon 1.6%, Bujeba 1.1%, other 1.4% (1994 census)
Languages:
Spanish (official) 67.6%, other (includes French (official), Fang, Bubi) 32.4% (1994 census)
Religions:
nominally Christian and predominantly Roman Catholic, pagan practices
Demographic profile:
Equatorial Guinea is one of the smallest and least populated countries in continental Africa and is the only independent African country where Spanish is an official language. Despite a boom in oil production in the 1990s, authoritarianism, corruption, and resource mismanagement have concentrated the benefits among a small elite. These practices have perpetuated income inequality and unbalanced development, such as low public spending on education and health care. Unemployment remains problematic because the oil-dominated economy employs a small labor force dependent on skilled foreign workers. The agricultural sector, Equatorial Guinea’s main employer, continues to deteriorate because of a lack of investment and the migration of rural workers to urban areas. About three-quarters of the population lives below the poverty line.
Equatorial Guinea’s large and growing youth population – about 60% are under the age of 25 – is particularly affected because job creation in the non-oil sectors is limited, and young people often do not have the skills needed in the labor market. Equatorial Guinean children frequently enter school late, have poor attendance, and have high dropout rates. Thousands of Equatorial Guineans fled across the border to Gabon in the 1970s to escape the dictatorship of MACIAS NGUEMA; smaller numbers have followed in the decades since. Continued inequitable economic growth and high youth unemployment increases the likelihood of ethnic and regional violence.
Age structure:
0-14 years: 39.81% (male 157,388/female 152,469)
15-24 years: 19.72% (male 78,145/female 75,348)
25-54 years: 32.15% (male 125,108/female 125,096)
55-64 years: 4.37% (male 14,676/female 19,349)
65 years and over: 3.95% (male 12,808/female 17,971) (2017 est.)
population pyramid:
Dependency ratios:
total dependency ratio: 67.5
youth dependency ratio: 62.7
elderly dependency ratio: 4.8
potential support ratio: 20.6 (2015 est.)
Median age:
total: 19.8 years
male: 19.3 years
female: 20.3 years (2017 est.)
country comparison to the world: 194
Population growth rate:
2.44% (2017 est.)
country comparison to the world: 23
Birth rate:
32.2 births/1,000 population (2017 est.)
country comparison to the world: 32
Death rate:
7.8 deaths/1,000 population (2017 est.)
country comparison to the world: 97
Net migration rate:
0 migrant(s)/1,000 population (2017 est.)
country comparison to the world: 81
Population distribution:
only two large cities over 30,000 people (Bata on the mainland, and the capital Malabo on the island of Bioko); small communities are scattered throughout the mainland and the five inhabited islands
Urbanization:
urban population: 40.3% of total population (2017)
rate of urbanization: 3.09% annual rate of change (2015-20 est.)
Major urban areas - population:
MALABO (capital) 145,000 (2014)
Sex ratio:
at birth: 1.03 male(s)/female
0-14 years: 1.03 male(s)/female
15-24 years: 1.04 male(s)/female
25-54 years: 1 male(s)/female
55-64 years: 0.76 male(s)/female
65 years and over: 0.72 male(s)/female
total population: 0.99 male(s)/female (2017 est.)
Maternal mortality ratio:
342 deaths/100,000 live births (2015 est.)
country comparison to the world: 37
Infant mortality rate:
total: 65.2 deaths/1,000 live births
male: 66.3 deaths/1,000 live births
female: 64.1 deaths/1,000 live births (2017 est.)
country comparison to the world: 14
Life expectancy at birth:
total population: 64.6 years
male: 63.4 years
female: 65.8 years (2017 est.)
country comparison to the world: 183
Total fertility rate:
4.39 children born/woman (2017 est.)
country comparison to the world: 25
Contraceptive prevalence rate:
12.6% (2011)
Health expenditures:
3.8% of GDP (2014)
country comparison to the world: 166
Hospital bed density:
2.1 beds/1,000 population (2010)
Drinking water source:
improved:
urban: 72.5% of population
rural: 31.5% of population
total: 47.9% of population
unimproved:
urban: 27.5% of population
rural: 68.5% of population
total: 52.1% of population (2015 est.)
Sanitation facility access:
improved:
urban: 79.9% of population
rural: 71% of population
total: 74.5% of population
unimproved:
urban: 20.1% of population
rural: 29% of population
total: 25.5% of population (2015 est.)
HIV/AIDS - adult prevalence rate:
6.2% (2016 est.)
country comparison to the world: 11
HIV/AIDS - people living with HIV/AIDS:
35,000 (2016 est.)
country comparison to the world: 63
HIV/AIDS - deaths:
<1000 (2016 est.)
Major infectious diseases:
degree of risk: very high
food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever
vectorborne disease: malaria and dengue fever
animal contact disease: rabies (2016)
Obesity - adult prevalence rate:
8% (2016)
country comparison to the world: 156
Children under the age of 5 years underweight:
5.6% (2010)
country comparison to the world: 87
Literacy:
definition: age 15 and over can read and write
total population: 95.3%
male: 97.4%
female: 93% (2015 est.)

Government

Country name:
conventional long form: Republic of Equatorial Guinea
conventional short form: Equatorial Guinea
local long form: Republica de Guinea Ecuatorial/Republique de Guinee Equatoriale
local short form: Guinea Ecuatorial/Guinee Equatoriale
former: Spanish Guinea
etymology: the country is named for the Guinea region of West Africa that lies along the Gulf of Guinea and stretches north to the Sahel; the "equatorial" refers to the fact that the country lies just north of the Equator
Government type:
presidential republic
Capital:
name: Malabo; note - a new capital of Oyala is being built on the mainland near Djibloho; Malabo is on the island of Bioko
geographic coordinates: 3 45 N, 8 47 E
time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
Administrative divisions:
7 provinces (provincias, singular - provincia); Annobon, Bioko Norte, Bioko Sur, Centro Sur, Kie-Ntem, Litoral, Wele-Nzas
Independence:
12 October 1968 (from Spain)
National holiday:
Independence Day, 12 October (1968)
Constitution:
history: previous 1968, 1973, 1982; approved by referendum 17 November 1991
amendments: proposed by the president of the republic or supported by three-fourths of the membership in either house of the National Assembly; passage requires three-fourths majority vote by both houses of the Assembly and approval in a referendum if requested by the president; amended several times, last in 2012 (2017)
Legal system:
mixed system of civil and customary law
International law organization participation:
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Citizenship:
citizenship by birth: no
citizenship by descent only: at least one parent must be a citizen of Equatorial Guinea
dual citizenship recognized: no
residency requirement for naturalization: 10 years
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Brig. Gen. (Ret.) Teodoro OBIANG Nguema Mbasogo (since 3 August 1979 when he seized power in a military coup)
head of government: Prime Minister Francisco Pascual Eyegue OBAMA Asue (since 23 June 2016); First Deputy Prime Minister Clemente Engonga NGUEMA Onguene (since 23 June 2016); Second Deputy Prime Minister Andres Jorge Mbomio Nsem ABUA (since 23 June 2016); Third Deputy Prime Minister Alfonso Nsue MOKUY (since 23 June 2016)
cabinet: Council of Ministers appointed by the president
elections/appointments: president directly elected by simple majority popular vote for a 7-year term (eligible for a second term); election last held on 24 April 2016 (next to be held in 2023); prime minister and deputy prime ministers appointed by the president
election results: Teodoro OBIANG Nguema Mbasogo reelected president; percent of vote - Teodoro OBIANG Nguema Mbasogo (PDGE) 93.5%, other 6.5%
Legislative branch:
description: bicameral National Assembly or Asemblea Nacional, formerly the unicameral Parliament, consists of the Senate or Senado (70 seats; 55 members directly elected by simple majority vote and 15 appointed by the president) and the Chamber of Deputies or Camara de los Deputados (100 seats; members directly elected in multi-seat constituencies by proportional representation vote to serve 5-year terms); note - the constitutional referendum of 2011 established the Senate and was implemented at the time of the May 2013 elections
elections: last held on 12 Novermber 2017 (next to be held in 2022)
election results: Senate - percent of vote by party - NA; seats by party - PDGE 75; Chamber of Deputies - percent of vote by party - NA; seats by party - PDGE 99, CI 1
Judicial branch:
highest court(s): Supreme Court of Justice (consists of the chief justice - who is also chief of state - and 9 judges and organized into civil, criminal, commercial, labor, administrative, and customary sections); Constitutional Court (consists of the court president and 4 members)
judge selection and term of office: Supreme Court judges appointed by the president for 5-year terms; Constitutional Court members appointed by the president, 2 of which are nominated by the Chamber of Deputies
subordinate courts: Court of Guarantees; military courts; Courts of Appeal; first instance tribunals; district and county tribunals
Political parties and leaders:
Convergence Party for Social Democracy or CPDS [Andres ESONO ONDO]
Democratic Party for Equatorial Guinea or PDGE [Teodoro OBIANG Nguema Mbasogo]
Electoral Coalition or EC
Front of Democratic Opposiiton or FOD (coalition includes CPDS, FDR, UP)
Popular Action of Equatorial Guinea or APGE [Carmelo MBA BACALE]
Popular Union or UP [Daniel MARTINEZ AYECABA]
not officially registered parties: Democratic Republican Force or FDR [Guillermo NGUEMA ELA]
Citizens for Innovation or CI [Gabriel Nse Obiang OBONO]
Party for Progress of Equatorial Guinea or PPGE [Severo MOTO]
Union for the Center Right or UDC [Avelino MOCACHE MEAENGA]
Political pressure groups and leaders:
ASODEGUE (Madrid-based pressure group for democratic reform)
Coalicion CEIBA (group formed by diverse, exiled political parties)
C.O.R.E.D. [Raimundo Ela NSANG] (based in Paris)
EG Justice (US-based anti-corruption group)
International organization participation:
ACP, AfDB, AU, BDEAC, CEMAC, CPLP (associate), FAO, FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IPU, ITSO, ITU, MIGA, NAM, OAS (observer), OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WHO, WIPO, WTO (observer)
Diplomatic representation in the US:
chief of mission: Ambassador Miguel Ntutumu EVUNA ANDEME (since 23 February 2015)
chancery: 2020 16th Street NW, Washington, DC 20009
telephone: [1] (202) 518-5700
FAX: [1] (202) 518-5252
consulate(s) general: Houston
Diplomatic representation from the US:
chief of mission: Ambassador Julie FURUTA-TOY (since January 2016)
embassy: Carretera Malabo II, Malabo, Guinea Ecuatorial
mailing address: US Embassy Malabo, US Department of State, Washington, DC 20521-2520
telephone: [240] 333 09 57 41
Flag description:
three equal horizontal bands of green (top), white, and red, with a blue isosceles triangle based on the hoist side and the coat of arms centered in the white band; the coat of arms has six yellow six-pointed stars (representing the mainland and five offshore islands) above a gray shield bearing a silk-cotton tree and below which is a scroll with the motto UNIDAD, PAZ, JUSTICIA (Unity, Peace, Justice); green symbolizes the jungle and natural resources, blue represents the sea that connects the mainland to the islands, white stands for peace, and red recalls the fight for independence
National symbol(s):
silk cotton tree; national colors: green, white, red, blue
National anthem:
name: "Caminemos pisando la senda" (Let Us Tread the Path)
lyrics/music: Atanasio Ndongo MIYONO/Atanasio Ndongo MIYONO or Ramiro Sanchez LOPEZ (disputed)
note: adopted 1968

Economy

Economy - overview:
Exploitation of oil and gas deposits, beginning in the 1990s, has driven economic growth in Equatorial Guinea; a recent rebasing of GDP resulted in an upward revision of the size of the economy by approximately 30%. Forestry and farming are minor components of GDP. Although preindependence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy since independence has diminished the potential for agriculture-led growth. Subsistence farming is the dominant form of livelihood. Declining revenue from hydrocarbon production, high levels of infrastructure expenditures, lack of economic diversification, and corruption have pushed the economy into decline in recent years and limited improvements in the general population’s living conditions. Equatorial Guinea’s real GDP growth has been weak in recent years, averaging -0.5% per year from 2010 to 2014, because of a declining hydrocarbon sector. Inflation remained very low in 2016, down from an average of 4% in 2014.
Foreign assistance programs by the World Bank and the IMF have been cut since 1993 because of corruption and mismanagement, and as a middle income country Equatorial Guinea is now ineligible for most low-income donor funding. 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 toward compliance with the Extractive Industries Transparency Initiative. US foreign assistance to Equatorial Guinea is limited in part because of US restrictions pursuant to the Trafficking Victims Protection Act.
Equatorial Guinea hosted two economic diversification symposia in 2014 that 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. In 2017 Equatorial Guinea signed a preliminary agreement with Ghana to sell liquefied natural gas (LNG); as oil production wanes, the government believes LNG could provide a boost to revenues, but it will require large investments and long lead times to develop.
GDP (purchasing power parity):
$29.38 billion (2017 est.)
$31.73 billion (2016 est.)
$35.13 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 134
GDP (official exchange rate):
$10.07 billion (2017 est.)
GDP - real growth rate:
-7.4% (2017 est.)
-9.7% (2016 est.)
-9.1% (2015 est.)
country comparison to the world: 219
GDP - per capita (PPP):
$34,900 (2017 est.)
$38,600 (2016 est.)
$44,000 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 56
Gross national saving:
0.9% of GDP (2017 est.)
0.5% of GDP (2016 est.)
17.6% of GDP (2015 est.)
country comparison to the world: 176
GDP - composition, by end use:
household consumption: 47.9%
government consumption: 22.8%
investment in fixed capital: 24.6%
investment in inventories: 0.2%
exports of goods and services: 58.5%
imports of goods and services: -54.1% (2017 est.)
GDP - composition, by sector of origin:
agriculture: 2.5%
industry: 56.5%
services: 41% (2017 est.)
Agriculture - products:
coffee, cocoa, rice, yams, cassava (manioc, tapioca), bananas, palm oil nuts; livestock; timber
Industries:
petroleum, natural gas, sawmilling
Industrial production growth rate:
-5.6% (2017 est.)
country comparison to the world: 200
Labor force:
195,200 (2007 est.)
country comparison to the world: 175
Unemployment rate:
8.6% (2014 est.)
22.3% (2009 est.)
country comparison to the world: 118
Population below poverty line:
44% (2011 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Budget:
revenues: $3.186 billion
expenditures: $3.431 billion (2017 est.)
Taxes and other revenues:
31.6% of GDP (2017 est.)
country comparison to the world: 74
Budget surplus (+) or deficit (-):
-2.4% of GDP (2017 est.)
country comparison to the world: 98
Public debt:
23.4% of GDP (2017 est.)
23.1% of GDP (2016 est.)
country comparison to the world: 183
Fiscal year:
calendar year
Inflation rate (consumer prices):
1.7% (2017 est.)
1.4% (2016 est.)
country comparison to the world: 77
Central bank discount rate:
8.5% (31 December 2010 est.)
4.25% (31 December 2009 est.)
country comparison to the world: 37
Commercial bank prime lending rate:
14% (31 December 2017 est.)
14% (31 December 2016 est.)
country comparison to the world: 54
Stock of narrow money:
$1.516 billion (31 December 2017 est.)
$1.467 billion (31 December 2016 est.)
country comparison to the world: 142
Stock of broad money:
$1.959 billion (31 December 2017 est.)
$1.864 billion (31 December 2016 est.)
country comparison to the world: 158
Stock of domestic credit:
$2.416 billion (31 December 2017 est.)
$2.254 billion (31 December 2016 est.)
country comparison to the world: 144
Current account balance:
$-806 million (2017 est.)
$-1.067 billion (2016 est.)
country comparison to the world: 122
Exports:
$5.412 billion (2017 est.)
$5.042 billion (2016 est.)
country comparison to the world: 105
Exports - commodities:
petroleum products, timber
Exports - partners:
India 19.4%, China 13.5%, South Korea 13.2%, Spain 12.3%, Italy 5.1%, Netherlands 5.1%, US 4.1% (2016)
Imports:
$2.555 billion (2017 est.)
$2.862 billion (2016 est.)
country comparison to the world: 149
Imports - commodities:
petroleum sector equipment, other equipment, construction materials, vehicles
Imports - partners:
US 23.3%, Spain 21.8%, China 12.8% (2016)
Reserves of foreign exchange and gold:
$140.9 million (31 December 2017 est.)
$62.31 million (31 December 2016 est.)
country comparison to the world: 165
Debt - external:
$1.181 billion (31 December 2017 est.)
$1.074 billion (31 December 2016 est.)
country comparison to the world: 165
Exchange rates:
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
605.3 (2017 est.)
593.01 (2016 est.)
593.01 (2015 est.)
591.45 (2014 est.)
494.42 (2013 est.)

Energy

Electricity access:
population without electricity: 300,000
electrification - total population: 66%
electrification - urban areas: 93%
electrification - rural areas: 48% (2013)
Electricity - production:
425 million kWh (2015 est.)
country comparison to the world: 171
Electricity - consumption:
395.3 million kWh (2015 est.)
country comparison to the world: 174
Electricity - exports:
0 kWh (2016 est.)
country comparison to the world: 132
Electricity - imports:
0 kWh (2016 est.)
country comparison to the world: 145
Electricity - installed generating capacity:
334,000 kW (2015 est.)
country comparison to the world: 153
Electricity - from fossil fuels:
55.1% of total installed capacity (2015 est.)
country comparison to the world: 142
Electricity - from nuclear fuels:
0% of total installed capacity (2015 est.)
country comparison to the world: 84
Electricity - from hydroelectric plants:
44.9% of total installed capacity (2015 est.)
country comparison to the world: 46
Electricity - from other renewable sources:
0% of total installed capacity (2015 est.)
country comparison to the world: 180
Crude oil - production:
227,000 bbl/day (2016 est.)
country comparison to the world: 36
Crude oil - exports:
278,000 bbl/day (2014 est.)
country comparison to the world: 27
Crude oil - imports:
0 bbl/day (2014 est.)
country comparison to the world: 120
Crude oil - proved reserves:
1.1 billion bbl (1 January 2017 est.)
country comparison to the world: 42
Refined petroleum products - production:
0 bbl/day (2014 est.)
country comparison to the world: 137
Refined petroleum products - consumption:
5,200 bbl/day (2015 est.)
country comparison to the world: 175
Refined petroleum products - exports:
0 bbl/day (2014 est.)
country comparison to the world: 151
Refined petroleum products - imports:
5,197 bbl/day (2014 est.)
country comparison to the world: 165
Natural gas - production:
6.2 billion cu m (2015 est.)
country comparison to the world: 47
Natural gas - consumption:
2.05 billion cu m (2015 est.)
country comparison to the world: 88
Natural gas - exports:
5.01 billion cu m (2015 est.)
country comparison to the world: 32
Natural gas - imports:
0 cu m (2013 est.)
country comparison to the world: 120
Natural gas - proved reserves:
36.81 billion cu m (1 January 2017 est.)
country comparison to the world: 68
Carbon dioxide emissions from consumption of energy:
3.7 million Mt (2013 est.)
country comparison to the world: 137

Communications

Telephones - fixed lines:
total subscriptions: 10,989
subscriptions per 100 inhabitants: 1 (July 2016 est.)
country comparison to the world: 195
Telephones - mobile cellular:
total: 575,650
subscriptions per 100 inhabitants: 74 (July 2016 est.)
country comparison to the world: 168
Telephone system:
general assessment: digital fixed-line network in most major urban areas and decent mobile cellular coverage
domestic: fixed-line density is about 1 per 100 persons; mobile-cellular subscribership has been increasing and in 2016 stood at about 70 percent of the population
international: country code - 240; international communications from Bata and Malabo to African and European countries; satellite earth station - 1 Intelsat (Indian Ocean) (2016)
Broadcast media:
state maintains control of broadcast media with domestic broadcast media limited to 1 state-owned TV station, 1 private TV station owned by the president's eldest son, 1 state-owned radio station, and 1 private radio station owned by the president's eldest son; satellite TV service is available; transmissions of multiple international broadcasters are accessible (2013)
Internet country code:
.gq
Internet users:
total: 180,597
percent of population: 23.8% (July 2016 est.)
country comparison to the world: 173

Transportation

National air transport system:
number of registered air carriers: 6
inventory of registered aircraft operated by air carriers: 15
annual passenger traffic on registered air carriers: 400,759
annual freight traffic on registered air carriers: 461,650 mt-km (2015)
Civil aircraft registration country code prefix:
3C (2016)
Airports:
7 (2013)
country comparison to the world: 166
Airports - with paved runways:
total: 6
over 3,047 m: 1
2,438 to 3,047 m: 2
1,524 to 2,437 m: 1
under 914 m: 2 (2017)
Airports - with unpaved runways:
total: 1
2,438 to 3,047 m: 1 (2013)
Pipelines:
condensate 42 km; condensate/gas 5 km; gas 79 km; oil 71 km (2013)
Roadways:
total: 2,880 km (2000)
country comparison to the world: 168
Merchant marine:
total: 40
by type: container ship 1, general cargo 7, oil tanker 8, other 24 (2017)
country comparison to the world: 122
Ports and terminals:
major seaport(s): Bata, Luba, Malabo
LNG terminal(s) (export): Bioko Island

Military & Security

Military expenditures:
0.18% of GDP (2016)
0.78% of GDP (2014)
country comparison to the world: 152
Military branches:
Equatorial Guinea Armed Forces (FAGE): Equatorial Guinea National Guard (Guardia Nacional de Guinea Ecuatorial, GNGE (Army), Navy, Air Force (2013)
Military service age and obligation:
18 years of age for selective compulsory military service, although conscription is rare in practice; 2-year service obligation; women hold only administrative positions in the Navy (2013)

Transnational Issues

Disputes - international:
in 2002, ICJ ruled on an equidistance settlement of Cameroon-Equatorial Guinea-Nigeria maritime boundary in the Gulf of Guinea, but a dispute between Equatorial Guinea and Cameroon over an island at the mouth of the Ntem River and imprecisely defined maritime coordinates in the ICJ decision delayed final delimitation; UN urged Equatorial Guinea and Gabon to resolve the sovereignty dispute over Gabon-occupied Mbane and lesser islands and to create a maritime boundary in the hydrocarbon-rich Corisco Bay
Trafficking in persons:
current situation: Equatorial Guinea is a source country for children subjected to sex trafficking and destination country for men, women, and children subjected to forced labor; Equatorial Guinean girls may be encouraged by their parents to engage in the sex trade in urban centers to receive groceries, gifts, housing, and money; children are also trafficked from nearby countries for work as domestic servants, market laborers, ambulant vendors, and launderers; women are trafficked to Equatorial Guinea from Cameroon, Benin, other neighboring countries, and China for forced labor or prostitution
tier rating: Tier 3 – Equatorial Guinea does not fully comply with the minimum standards on the elimination of trafficking and is not making significant efforts to do so; in 2014, the government made no efforts to investigate or prosecute any suspected trafficking offenders or to identify or protect victims, despite its 2004 law prohibiting all forms of trafficking and mandating the provision of services to victims; undocumented migrants continued to be deported without being screened to assess whether any were trafficking victims; authorities did not undertake any trafficking awareness campaigns, implement any programs to address forced child labor, or make any other efforts to prevent trafficking (2015)

Economic Indicators for Equatorial Guinea including actual values, historical data, and latest data updates for the Equatorial Guinea economy.