The economy of Equatorial Guinea is estimated to have contracted by 7% in 2023. GDP Annual Growth Rate in Equatorial Guinea averaged 9.89 percent from 1986 until 2023, reaching an all time high of 95.26 percent in 1997 and a record low of -9.40 percent in 2016. source: Bank of Central African States

GDP Annual Growth Rate in Equatorial Guinea is expected to reach 6.00 percent by the end of 2024, 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 -4.70 percent in 2025 and 1.20 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
GDP 12.12 13.49 USD Billion Dec 2023
GDP Annual Growth Rate -7.00 3.80 percent Dec 2023
GDP per Capita 5506.01 5976.90 USD Dec 2023
GDP per Capita PPP 16876.87 18320.24 USD Dec 2023

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).
Actual Previous Highest Lowest Dates Unit Frequency
-7.00 3.80 95.26 -9.40 1986 - 2023 percent Yearly