Equatorial Guinea GDP Annual Growth Rate  1986-2018 | Data | Chart

The Gross Domestic Product (GDP) in Equatorial Guinea contracted 8.60 percent in 2016 from the previous year. GDP Annual Growth Rate in Equatorial Guinea averaged 12.59 percent from 1986 until 2016, reaching an all time high of 95.26 percent in 1997 and a record low of -8.90 percent in 2010.

Equatorial Guinea GDP Annual Growth Rate
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Equatorial Guinea GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -8.60 -8.90 95.26 -8.90 percent [+]
GDP 10.18 12.16 22.39 0.01 USD Billion [+]
GDP per capita 12028.60 13840.80 20333.90 487.00 USD [+]
GDP per capita PPP 23671.40 27237.80 40015.80 958.40 USD [+]

Equatorial Guinea GDP Annual Growth Rate

Despite its small size, Equatorial Guinea is the third largest oil exporter in sub-Saharan Africa. The country has vast resource of gas and timber but does not manufacture anything. The petroleum sector accounted for 85 percent of GDP and more than 94 percent of exports. Other sectors are construction (7 percent of GDP in 2015), agriculture, forestry and fisheries (2 percent of GDP), and trade (1.6 percent). 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. Equatorial Guinea GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-8.60 -8.90 95.26 -8.90 1986 - 2016 percent Yearly

GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17