Introduction: Equatorial Guinea Download PDF

After 190 years of Spanish control, Equatorial Guinea became sovereign in 1968. President Teodoro OBIANG NGUEMA MBASOGO, who came to power through a coup, has led the country since 1979. The authority over politics lies mostly in the hands of the president, who does not encourage opposing voices. While the country has been a constitutional democracy from 1991, the elections that took place in 1996, 1999, 2002, and 2004, have been viewed as flawed. The offshore oil reserves have allowed for economic growth, and for the country to become Sub-Saharan Africa’s third largest oil exporter. Nonetheless, living standards have not improved.

Capital City: Malabo (+1 GMT)  
Chief of State: President Brig. Gen. (Ret.) Teodoro Obiang Nguema  
Head of Govt.: Prime Minister Ricardo Mangue Obama Nfubea  
Currency: Communaute Financiere Africaine franc  
Main Cities: Bata  
Major Languages: Spanish 67.6% (official), other 32.4% (includes French (official), Fang, Bubi)  
Calling Code: 240  
Voltage: 220  
Primary Religions: nominally Christian and predominantly Roman Catholic, pagan practices  

Main Airports

Malabo (SSG/FGSL)

U.S. Embassy

Carretera de Aeropuerto KM-3 (El Paraiso), Apt. 95, Malabo, Equatorial Guinea
Tel: (240) 09.88.95

Key Facts

GDP (ppp) per CAPITA
$37,200 (2008 est.)
Inflation Rate
7.5% (2008 est.)
Population
633,441 (July 2009 est.)
Country Risk Ratings
D
Ease of Doing Business
167/181
Global Competitiveness
-/134

Statistics

Labor force:
NA
Exports:
$13.04 billion (2008 est.)
Exports - partners:
US 24%, Spain 19.3%, China 16.2%, France 8.4%, Italy 6.3% (2008)
Imports:
$3.156 billion (2008 est.)
Imports - partners:
Spain 15.2%, US 13.4%, France 12.4%, Cote d'Ivoire 11.9%, China 10.4%, Italy 6.3%, UK 5.8% (2008)
Major Industries:
petroleum, fishing, sawmilling, natural gas

Rankings

Corruption Perceptions Index
2.1 out of 180
 
The Corruptions Perception Index (CPI) is reported annually by Transparency International, an international civil society organization. The CPI ranks countries in terms of the degree to which corruption exists in the misuse of public power for private benefit among public officials and politicians. CPI is a composite index determined by expert assessments and opinion surveys. The highest ranked country is the country with the least amount of perceived corruption. Index units, 10=least corrupt, 0=most corrupt.

Data collected in 2006

Source: Transparency International

E-readiness Rankings
-
 
The E-readiness Ranking is reported yearly by the Economist Intelligence Unit, a research and advisory firm. The E-readiness Ranking evaluates the technological, economic, political and social assets of countries to assess the information and communications technology infrastructure, and the infrastructures benefits on the country's consumers, businesses and governments. The higher ranked countries have a better ability to leverage digital channels for communication, commerce, and government in order to further development.

Data collected in 2007

Source: EIU

Freedom of the Press
88 out of 191
 
The Freedom of the Press Survey is an annual report by The Freedom House, an organization that promotes and researches advocacy of freedom across countries. The Press Survey assesses the degree of print, broadcast, and internet freedom in every country in the world. Ratings are determined by examining three broad categories: the legal environment in which media operate (0-30 points), political influences on reporting and access to information (0-40 points), and economic pressures on content and the dissemination of news (0-30 points). The highest ranked country has the greatest degree of press freedom. Index units, 1-30: Free, 31-60: Partly Free, 61-100: Not Free.

Data collected in 2006

Source: Freedom House

Global Services Location Index
-
 
The Global Services Location Index is published annually by A.T. Kearney, a global management consulting firm. The Global Services Location Index measures the viability of countries as a potential offshore destination for services, based on their financial attractiveness (0-4 points), people and skills availability (0-3 points), and business environment (0-3 points). The highest ranked country is the most attractive as a potential offshoring destination. Index units, 0=location does not provide offshore support, 10=location does provide offshore support.

Data collected in 2007

Source: A.T. Kearney

Index of Economic Freedom
129 out of 155
 
The Index of Economic Freedom is reported annually by the Heritage Foundation, a research and educational institute. The Index of Economic Freedom analyzes a wide range of issues including trade barriers, corruption, government expenditures, property rights, and tax rates to generate an overall ranking of economic freedom. The highest ranked country is the country with the least number of restrictions and constraints on businesses.

Data collected in 2008

Source: Heritage Foundation

Tax Misery & Reform Index
-
 
The Forbes Tax Misery Index is annually compiled by Forbes, an American publishing and media company. The Tax Misery Index reflects the sum of corporate income, personal income and wealth taxes plus employer social security, employee social security and VAT/sales taxes at the highest marginal rate in each locale. The highest ranked countries impose the harshest taxes while those at the bottom are the most tax friendly.

Data collected in 2007

Source: Forbes

The Globalization Index
-
 
The Globalization Index is compiled annually by A.T. Kearney and Foreign Policy. The Globalization Index ranks the major developed and developing countries in the world by analyzing key components of global integration, such as economic, personal, technological, and political integration. The highest ranked country is the most globalized.

Data collected in 2007

Source: Foreign Policy