The beach from above in Equatorial Guinea

Equatorial Guinea Economy

Equatorial Guinea's economy in numbers:

Nominal GDP of USD 12.2 billion in 2022.

GDP per capita of USD 8,145 compared to the global average of USD 10,589.

Average real GDP growth of 2.7% over the last decade.

Share of the region's population
Share of the region's GDP

Economic structure:

GDP by economic sector
GDP by type of expenditure

Economic growth:

The economy recorded an average annual decrease of 2.7% in the decade to 2021. To read more about GDP growth in Equatorial Guinea, go to our dedicated page.

Fiscal policy:

Equatorial Guinea's fiscal deficit averaged 3.4% of GDP in the decade to 2021. Find out more on our dedicated page.

Inflation:

Inflation averaged 35.7% in the decade to 2022. Go to our Equatorial Guinea inflation page for extra insight.

Exchange Rate:

From end-2012 to end-2022 the Central African CFA franc weakened by 19.2% vs the U.S. dollar. For more info on the Central African CFA franc, click here.
Projections out to 2033.

23 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 5 expert analysts.

Want to get insight on the economic outlook for Equatorial Guinea in the coming years? FocusEconomics collects projections out to 2033 on 23 economic indicators for Equatorial Guinea from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Equatorial Guinea economy. To download a sample report on the Equatorial Guinea's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .

Equatorial Guinea Economic Data

2018 2019 2020 2021 2022
Population (million) 1.3 1.4 1.4 1.5 1.5
GDP (USD bn) 12.7 11.4 10.7 11.6 12.2
GDP per Capita (USD) 9,664 8,385 7,577 7,982 8,145
GDP (LCU bn) 7,275 6,658 5,695 6,713 7,504
Economic Growth (Nominal GDP, ann. var. %) 2.7 -8.5 -14.5 17.9 11.8
Economic Growth (GDP, ann. var. %) -6.2 -5.5 -4.8 -0.4 -
Fiscal Balance (% of GDP) 1.2 2.7 -0.4 3.7 -
Public Debt (% of GDP) 41.2 43.2 49.4 42.1 -
Inflation (CPI, ann. var. %, eop) 38.3 44.2 43.3 47.4 54.8
Inflation (CPI, ann. var. %, aop) 36.4 38.4 45.0 44.9 51.8
Exchange Rate (XAF per USD, eop) 573 584 535 579 615
Exchange Rate (LCU per USD, aop) 557 586 573 555 626
Merchandise Trade Balance (USD bn) 3.4 3.3 1.9 3.3 4.7
Merchandise Exports (USD bn) 6.5 5.4 3.2 5.7 7.5
Merchandise Imports (USD bn) 3.1 2.1 1.3 2.4 2.8
Merchandise Exports (ann. var. %) 25.0 -16.9 -40.7 78.1 31.6
Merchandise Imports (ann. var. %) 8.6 -32.0 -38.6 85.4 17.2
Foreign Direct Investment (USD bn) 0.4 0.5 0.4 0.5 0.5
International Reserves (USD bn) 0.0 0.0 0.0 0.0 1.4
International Reserves (months of imports) 0.0 0.0 0.2 0.0 6.1

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