Equatorial Guinea

Equatorial Guinea Economic Outlook

Equatorial Guinea saw very rapid economic growth following the discovery of hydrocarbons in the 1990s. Since 2014, however, the protracted fall in global oil prices, combined with the decline in the country’s output, the large budgetary surpluses that financed important investment programs that continue today have been declining. GDP continued to shrink in 2016 and 2017, and the forecast  for 2018 remains unfavorable. The decline is expected to stabilize beginning in 2019. Authorities are relying on the stabilization of public finances and economic diversification to bring about new sources of growth. Consultations are under way with the International Monetary Fund (IMF) on the possible implementation of a program under its Extended Credit Facility.

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Key Facts

Flag:
Capital: Malabo
Area: 28,051 sq km
Total Population 2017: 0.9 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 15.4 Billion
GNI Per Capita 2015: US$ 7,790
Inflation Rate: 1.39%
Crude Birth Rate (per 1000): 33.80%
Human Development Index (rank / 188): 135
Human Development Index (scale 0 to 1): 0.592
Membership Date: 30/06/1975
Cumulative Approvals (1967-2016): UA 131.5 Million

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Resources



Contacts

Gabon Country Office

Groupe de la Banque africaine de développement
1er Etage Résidence Saint Georges, Quartier Kalikak
B.P. 4075
Libreville, Gabon

  • Tél : +241 01442953 /+241 05921010 / +241 07465134 / +241 07462048 / +241 07463455
  • Fax :+241 01442951

Mr Masumbuko Robert , Country Manager

Mr. Ousmane Dore, Director Central Africa Region

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

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