Equatorial Guinea GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Equatorial Guinea expanded 5.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Equatorial Guinea is reported by the Bank of Central African States. GDP Annual Growth Rate in Equatorial Guinea averaged 15.56 Percent from 1986 until 2012, reaching an all time high of 95.26 Percent in 1997 and a record low of -2.33 Percent in 1986. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.50 7.70 95.26 -2.33 7.56 | 2013/12 1986 - 2012 Percent Yearly

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Equatorial Guinea GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 17.70 2012-12-31 16.80 17.70 0.01 20.20 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 5.50 2012-12-31 7.70 95.26 -2.33 7.56 2013-12-31 Percent [+]
GDP per capita 14198.63 2012-12-31 14245.07 14901.35 1042.01 14263.17 2013-12-31 USD [+]
GDP per capita PPP 26056.80 2012-12-31 26142.02 27346.41 1912.26 26175.23 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Equatorial Guinea Crude Oil Production at 279.00 Thousands Barrels per Day  
Crude Oil Production in Equatorial Guinea increased to 279 Thousands Barrels per Day in October of 2013 from 269 Thousands Barrels per Day in September of 2013. Crude Oil Production in Equatorial Guinea is reported by the U.S. Energy Information Administration.
Equatorial Guinea Interest Rate at 3.25 Percent  
The benchmark interest rate in Equatorial Guinea was last recorded at 3.25 percent. Interest Rate in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Equatorial Guinea stands at 35 percent. Personal Income Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Equatorial Guinea stands at 35 percent. Corporate Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Government Debt To GDP at 4.70 Percent  
Equatorial Guinea recorded a Government Debt to GDP of 4.70 percent of the country's Gross Domestic Product in 2011. Government Debt To GDP in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea GDP Annual Growth Rate at 5.50 Percent  
The Gross Domestic Product (GDP) in Equatorial Guinea expanded 5.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Equatorial Guinea stands at 15 percent. Sales Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Balance of Trade at 2723.70 CFA Franc Billion  
Equatorial Guinea recorded a trade surplus of 2723.70 CFA Franc Billion in 2010. Balance of Trade in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Current Account at -352.70 CFA Franc Billion  
Equatorial Guinea recorded a Current Account deficit of 352.70 CFA Franc Billion in 2010. Current Account in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Inflation Rate at 3.10 Percent  
The inflation rate in Equatorial Guinea was recorded at 3.10 percent in 2013. Inflation Rate in Equatorial Guinea is reported by the Bank of Central African States.
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