Equatorial Guinea GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Equatorial Guinea contracted 1.40 percent in 2013 from the previous year. GDP Annual Growth Rate in Equatorial Guinea averaged 14.54 Percent from 1986 until 2013, reaching an all time high of 95.26 Percent in 1997 and a record low of -3.60 Percent in 2009. GDP Annual Growth Rate in Equatorial Guinea is reported by the Bank of Central African States.
||1986 - 2013
Despite its small size, Equatorial Guinea is the third largest oil exporter in sub-Saharan Africa. The country also has vast resource of gas and timber but does not manufacture anything. In terms of GDP per capita it is one of the world's richest countries. But due to government mismanagement and widespread corruption oil revenues are distributed unevenly and most of the population lives on little more than $1 a day. In recent years, the government has embarked on public investment program like building highways and its new capital. However, investments in education, agriculture and manufacturing industry seem to be forgotten. This page provides - Equatorial Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.