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Equatorial Guinea

Republica de Guinea Ecuatorial (Spanish)/ République de Guinée équatoriale (French)

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$3.62 billion (2022 est.)

expenditures

$2.051 billion (2022 est.)

Exports

note

note: GDP expenditure basis - exports of goods and services in current dollars

Exports 2022

$7.25 billion (2022 est.)

Exports 2023

$4.516 billion (2023 est.)

Exports 2024

$4.489 billion (2024 est.)

Imports

note

note: GDP expenditure basis - imports of goods and services in current dollars

Imports 2022

$3.948 billion (2022 est.)

Imports 2023

$3.065 billion (2023 est.)

Imports 2024

$3.24 billion (2024 est.)

Industries

petroleum, natural gas, sawmilling

Labor force

715,000 (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

43.3% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0% of GDP (2021 est.)

Remittances 2022

0% of GDP (2022 est.)

Remittances 2023

0% of GDP (2023 est.)

Exchange rates

Currency

Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -

Exchange rates 2020

575.586 (2020 est.)

Exchange rates 2021

554.531 (2021 est.)

Exchange rates 2022

623.76 (2022 est.)

Exchange rates 2023

606.57 (2023 est.)

Exchange rates 2024

606.345 (2024 est.)

Economic overview

growing CEMAC economy and new OPEC member; large oil and gas reserves; targeting economic diversification and poverty reduction; still recovering from CEMAC crisis; improving public financial management; persistent poverty; hard-hit by COVID-19

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

8.5% (2022 est.)

Unemployment rate 2023

8.4% (2023 est.)

Unemployment rate 2024

7.9% (2024 est.)

Exports - partners

China 27%, Netherlands 12%, Spain 10%, Italy 7%, Germany 6% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 20%, Spain 17%, USA 10%, Gabon 5%, UK 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$16,900 (2022 est.)

Real GDP per capita 2023

$15,700 (2023 est.)

Real GDP per capita 2024

$15,500 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

3.2% (2022 est.)

Real GDP growth rate 2023

-5.1% (2023 est.)

Real GDP growth rate 2024

0.9% (2024 est.)

Agricultural products

sweet potatoes, cassava, plantains, oil palm fruit, root vegetables, bananas, coconuts, coffee, cocoa beans, chicken (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

crude petroleum, natural gas, alcohols, wood, scrap iron (2023)

note: top five export commodities based on value in dollars

Imports - commodities

ships, poultry, plastic products, beer, valves (2023)

note: top five import commodities based on value in dollars

Taxes and other revenues

6.6% (of GDP) (2022 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$12.766 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

52.9% (2024 est.)

government consumption

28.3% (2024 est.)

investment in inventories

-0.1% (2024 est.)

investment in fixed capital

9.1% (2024 est.)

exports of goods and services

35.2% (2024 est.)

imports of goods and services

-25.4% (2024 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

4.8% (2020 est.)

Inflation rate (consumer prices) 2021

-0.1% (2021 est.)

Inflation rate (consumer prices) 2022

4.8% (2022 est.)

Industrial production growth rate

0.8% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$30.539 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$28.985 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$29.248 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

13.9% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

14.7% (2024 est.)

female

15.7% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$44.271 million (2021 est.)

Reserves of foreign exchange and gold 2022

$1.458 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$1.538 billion (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

45.8% (2024 est.)

services

51.1% (2024 est.)

agriculture

3.1% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2.6% (2022 est.)

highest 10%

29.1% (2022 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2022

38.5 (2022 est.)