Equatorial Guinea GDP and Economic Data

Includes historical data for Equatorial Guinea’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Economy Powered By Foreign Investment In Oil Sector

An upper middle-income country with a population of about 1.6 million, Equatorial Guinea is one of the smallest nations on the continent and the only former Spanish colony in Sub-Saharan Africa. A member of the Economic Community of Central African States (ECCAS), Equatorial Guinea has historically benefited from foreign investment in the oil and gas sector, which accounts for a significant portion of government revenues. To diversify its economy and reduce dependency on oil, the government has identified agriculture, fishery, mining and tourism as critical target sectors.

However, despite some moderate progress, a lack of adequate economic reforms and incentives, along with cumbersome administrative procedures, pervasive corruption, and insufficient investment in critical infrastructure, continues to hinder entrepreneurial initiatives.

Macroeconomy & Sovereign Data

Type of Government	Presidential republic
Capital	Malabo
Sovereign Ratings	S&P: Not rated Moody’s: Not rated Fitch: Not rated
Total Population	1.6 million
Median Age	20.6
Adult Per Capita Income (PPP)	26,210.16
Total GDP (2023)	10.7 billion

Equatorial Guinea GDP & Economic Overview

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