The economic architecture of Equatorial Guinea is substantial, anchored by a Gross Domestic Product (GDP) of approximately $12.34B
2023
. This places it as the 145th largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $6.68K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $32.17B, offering a clearer picture of the population's domestic purchasing power. The economy is facing headwinds, marked by a contraction of -5.1%
2023
, while managing moderate inflation, with a CPI of 4.8%.
2022
On the global stage, Equatorial Guinea's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country maintains a strong export-oriented economy, reflected in a significant trade surplus, with exports representing 36.6% of GDP compared to imports at 24.8%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 1.15% of the economy
2023
. This performance positions the country 124th globally out of 187 nations, confirming its status as a competitive destination for foreign capital. The government operates under fiscal constraints, with a limited tax base that generates revenue equivalent to only 6.6% of GDP.
2022
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $4,840
2023
, ranking the nation 113th out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The labor market remains stable, with an unemployment rate of 7.8%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 31.4% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 76.8% of the population living below the national poverty line
2006
. The nation exhibits a moderate degree of income inequality, with a Gini index of 38.5.
2022
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 1,283.935 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 4.2%
2022
. This commitment places it 32nd among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 6.98K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.