Equatorial Guinea

Equatorial Guinea Economic Outlook

  • GDP fell by 10.2% in 2015 due to the drop in oil prices, and according to the latest forecasts it will contract by 8% in 2016.
  • The government, aware of financial imbalances, took major steps in May 2015 to reduce public investment by half and make drastic cuts in government operating costs.
  • Equatorial Guinea’s strong dependence on petroleum has enabled it to use oil revenues to carry out structural changes over the last 15 years and implement a housing policy for new homes and better access to water and electricity

Key Facts

Flag:
Capital: Malabo
Area: 28,051 sq km
Total Population 2015: 0.8 Million
Urban Population 2015: 39.81%
Female Population 2015: 48.79%
GDP: US$ 18.0 Billion
GNI Per Capita 2015: US$ 13,560
Inflation Rate: 5.01%
Crude Birth Rate (per 1000): 35.36%
Human Development Index (rank / 187): 136
Human Development Index (scale 0 to 1): 0.554
Membership Date: 30/06/1975
Cumulative Approvals (1967-2015): UA 131.5 Million

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Contacts

Bureau National du Gabon

Groupe de la Banque africaine de développement
Résidence Saint Georges, Quartier Kalikak
B.P. 4075
Libreville, Gabon

Tél : (241) 01442952 /(241) 01442953
Fax : (241) 01442951

M. Ali Lamine Zeine, Représentant Résident

Mrs. Marlene KANGA, Director Central Africa Region

African Development Bank Group 
Rue Anoma 01 BP 1387 Abidjan 01 (Cote d'Ivoire)
Tel +225 20 26 22 51