Economic Indicators
2020(a) | 2021(a) | 2022(b) | 2023(b) | |
Population (million) | 1.4 | 1.5 | 1.5 | 1.5 |
GDP (US$ million) | 10,099 | 12,269 | 16,877 | 15,576 |
Real GDP Growth Rate (%) | -4.2 | -3.2 | 5.8 | -3.1 |
Total Export of Goods (US$ million) | 2,825.0 | 4,693.9 | 4,291.6 | 3,331.7 |
Total Import of Goods (US$ million) | 887.0 | 814.5 | 635.0 | 563.9 |
Total Export of Services (US$ million) | 529(c) | 554(c) | – | – |
Total Import of Services (US$ million) | 1,262(c) | 1,812(c) | – | – |
Consumer Price Index (%) | 4.8 | -0.1 | 5.1 | 5.7 |
Current Account Balance (US$ million) | -419 | -420 | -269 | -327 |
Exchange Rate (Central African Franc CFA: USD, Period Average) | 575.6 | 554.5 | 623.8 | 662.6 |
Remarks: (a) actual value; (b) estimated value of International Monetary Fund (IMF); (c) estimated value of UNCTAD, WTO and ITC
Source: International Monetary Fund (IMF), International Trade Center (ITC)
Main export and import goods destinations
Main export destinations (2021) | Proportion in total value of exports goods (%) |
China | 24.1 |
India | 17.1 |
Spain | 16.0 |
Korea | 7.3 |
Others | 35.5 |
Main import origins (2021) | Proportion in total value of imports goods (%) |
Spain | 24.7 |
China | 15.9 |
United States | 6.6 |
United Kingdom | 5.6 |
Others | 47.2 |
Source: International Monetary Fund (IMF)
Major import and export goods
Major export goods (2021) | Proportion in total value of exports goods (%) |
Fossil fuels, mineral oil and its distilled products; bituminous substances; mineral wax | 89.9 |
Organic chemicals | 7.5 |
Wood and articles of wood; wood charcoal | 2.0 |
Others | 0.6 |
Major import goods (2021) | Proportion in total value of imports goods (%) |
Vessels and other floating structures for breaking up | 23.6 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 11.2 |
Beverages, spirits and vinegar | 7.0 |
Meat and edible meat offal | 5.9 |
Others | 52.3 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Exports of Services (2021) | Proportion of Total Value Exports of Services (%) |
Transport | 6.6 |
Government goods and services n.i.e. | 6.2 |
Telecommunication, computer and information services | 1.2 |
Other | 86.0 |
Main Import of Services (2021) | Proportion of Total Value Imports of Services (%) |
Transport | 52.6 |
Construction | 11.2 |
Insurance and pension services | 10.6 |
Other | 25.6 |
Remarks：The above content is based on estimated value of UNCTAD, WTO and ITC.
Source：International Trade Centre (ITC)
Bilateral Trade Statistics between Mainland China and Equatorial Guinea (US$ ten thousands)
Year | Total trade | Total exports value* | Total imports value** |
2022 | 1,747,111 | 230,727 | 1,516,384 |
2021 | 1,336,938 | 123,993 | 1,212,945 |
2020 | 1,276,382 | 122,097 | 1,154,284 |
2019 | 1,836,279 | 113,215 | 1,723,064 |
2018 | 2,290,408 | 145,146 | 2,145,261 |
Remarks: *Value of goods exported to Equatorial Guinea from Mainland China; **Value of goods imported from Equatorial Guinea to Mainland China
Source: General Administration of Customs of the People’s Republic of China
Sources:
- Ministry of Foreign Affairs of the People’s Republic of China
- “Country (region) guide for foreign investment co-operation (Equatorial Guinea)” by the Ministry of Commerce the People’s Republic of China
- “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
- General Administration of Customs of the People’s Republic of China
- SinoMaps Press
- International Monetary Fund (IMF)
- International Trade Center (ITC)
- “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
- “Country Economic Forecast – Equatorial Guinea (Nov 2022)” by Oxford Economics
Updated in June 2023.
