International Trade in Equatorial Guinea

International Trade in Equatorial Guinea

Until it was hit by the global recession, Equatorial Guinea was one of the most rapidly growing countries in Africa. Thus, growth fell from 10.7% in 2008 to 0.9% in 2010, as an effect of the decline in oil price and oil production. The country's economy should recovery progressively in... Read more

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Market Analyses About Equatorial Guinea (27)

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  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Equatorial Guinea

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...
  • CFP International

    CFP International

    Trade Finance, Equatorial Guinea

    We are CFP International. We provide unique trade finance services for import businesses around the world. We add value to our...

Business Tips About Equatorial Guinea (14)

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Overview About International Trade in Equatorial Guinea

Economic Overview

Until it was hit by the global recession, Equatorial Guinea was one of the most rapidly growing countries in Africa. Thus, growth fell from 10.7% in 2008 to 0.9% in 2010, as an effect of the decline in oil price and oil production. The country's economy should recovery progressively in 2011. Equatorial Guinea is the third-largest oil producer in Sub-Saharan Africa, oil production representing most of the country's income. 

A program to diversify the sources of growth for the 2008-2020 period is based on the development of energy, fishing, farming, tourism and the financial services. Further effort to improve education and access to drinking water and health care are also among its goals.

Thanks to oil wealth enjoyed by Equatorial Guinea, the country has one of the highest per capita GDPs in Africa. However, poverty is widespread (affecting 77% of the population in 2006), the sanitary conditions are poor and inequality is high.

 

FDI in Figures

Due to the rise in international oil prices, the FDI inflow into Equatorial Guinea has been increasing. The share of FDI stock as a percentage of GDP increased between 2000 and 2008. The inflows of FDI began to decline in 2009 du...

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