Equatorial Guinea GDP Annual Growth Rate2022 Data - 2023 Forecast

Name: Equatorial Guinea GDP Annual Growth Rate
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Keywords: Equatorial Guinea,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Equatorial Guinea contracted 1.60 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Bank of Central African States

GDP Annual Growth Rate in Equatorial Guinea averaged 10.48 percent from 1986 until 2021, reaching an all time high of 95.26 percent in 1997 and a record low of -9.40 percent in 2016. 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 - values, historical data and charts - was last updated on July of 2022.

GDP Annual Growth Rate in Equatorial Guinea is expected to reach 1.70 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Equatorial Guinea GDP Annual Growth Rate is projected to trend around -2.30 percent in 2023 and -2.10 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	-1.60	-4.90	percent	Dec 2021

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).