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Statistical data (Equatorial Guinea)

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.