Background:
 
Equatorial Guinea gained independence in 1968 after 190 years of Spanish rule. This tiny country, composed of a mainland portion plus five inhabited islands, is one of the smallest on the African continent. President Teodoro Obiang NGUEMA MBASOGO has ruled the country since 1979 when he seized power in a coup. Although nominally a constitutional democracy since 1991, the 1996, 2002, and 2009 presidential elections - as well as the 1999, 2004, 2008, and 2013 legislative elections - were widely seen as flawed. The president exerts almost total control over the political system and has discouraged political opposition. Equatorial Guinea has experienced rapid economic growth due to the discovery of large offshore oil reserves, and in the last decade has become Sub-Saharan Africa's third largest oil exporter. Despite the country's economic windfall from oil production, resulting in a massive increase in government revenue in recent years, improvements in the population's living standards have been slow to develop.

Country name:
 
conventional long form: Republic of Equatorial Guinea
conventional short form: Equatorial Guinea
local long form: Republica de Guinea Ecuatorial/Republique de Guinee equatoriale
local short form: Guinea Ecuatorial/Guinee equatoriale
former: Spanish Guinea
 

Government type:

republic
 

Capital:

name: Malabo
geographic coordinates: 3 45 N, 8 47 E
time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
 

Administrative divisions:

7 provinces (provincias, singular - provincia); Annobon, Bioko Norte, Bioko Sur, Centro Sur, Kie-Ntem, Litoral, Wele-Nzas
 

Independence:

12 October 1968 (from Spain)
 

National holiday:

Independence Day, 12 October (1968)
 

Constitution:

approved by referendum 17 November 1991; amended several times, last in 2012 (2012)
 

Legal system:

mixed system of civil and customary law
 

International law organization participation:

has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
 

Suffrage:

18 years of age; universal
 

Executive branch:

chief of state: President Brig. Gen. (Ret.) Teodoro Obiang NGUEMA MGASOGO (since 3 August 1979 when he seized power in a military coup)
head of government: Prime Minister Vicente Ehate TOMI (since 22 May 2012)
cabinet: Council of Ministers appointed by the president
(For more information visit the World Leaders website Opens in New Window)
elections: president elected by popular vote for a seven-year term (two- term limit); election last held on 29 November 2009 (next to be held in 2016); prime minister and deputy prime ministers appointed by the president
election results: Teodoro Obiang NGUEMA MBASOGO reelected president; percent of vote - Teodoro Obiang NGUEMA MBASOGO 95.8%, Placido MICO Abogo 3.6%, other 0.6%
 

Legislative branch:

bicameral Parliament consists of the Senate (70 seats; 55 seats directly elected and 15 appointed by the president) and the House of People's Representatives or Camara de los Diputdos or Chamber of Deputies (100 seats; members directly elected by popular vote to serve five-year terms)
elections: last held on 26 May 2013 (next to be held in 2018)
election results: Senate - percent of vote by party - NA; seats by party - PDGE 54, CPDS 1; Chamber of Deputies - percent of vote by party - NA; seats by party - PDGE 99, CPDS 1
note: note - Parliament has little power since the constitution vests all executive authority in the president; the constitutional referendum of 2011 established a bicameral legislature formed following the May 2013 elections; the newly formed Senate consists of elected and appointed (by the President) members
 

Judicial branch:

highest court(s): Supreme Court of Justice (consists of the chief justice and NA judges); Constitutional Court (consists of the court president and 4 members)
judge selection and term of office: Supreme Court judges appointed by the president for 5-year terms; Constitutional Court members appointed by the president, two of which are nominated by the Chamber of Deputies
subordinate courts: Court of Guarantees; military courts; Courts of Appeal; first instance tribunals; district and county tribunals
 

Political parties and leaders:

Convergence Party for Social Democracy or CPDS [Andres Esono ONDO]
Democratic Party for Equatorial Guinea or PDGE [Jeronimo Osa Osa ECORO] (ruling party)
Electoral Coalition or EC
Party for Progress of Equatorial Guinea or PPGE [Severo MOTO]
Popular Action of Equatorial Guinea or APGE [Carmelo Mba BACALE]
Popular Union or UP [Daniel MARTINEZ Ayecaba]
 

Political pressure groups and leaders:

ASODEGUE (Madrid-based pressure group for democratic reform)
EG Justice (US-based anti-corruption group)
 

International organization participation:

ACP, AfDB, AU, BDEAC, CEMAC, CPLP (associate), FAO, FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IPU, ITSO, ITU, MIGA, NAM, OAS (observer), OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WHO, WIPO, WTO (observer)
 

Diplomatic representation in the US:

chief of mission: Ambassador Ruben Maye Nsue MANGUE (since 10 September 2013)
chancery: 2020 16th Street NW, Washington, DC 20009
telephone: [1] (202) 518-5700
FAX: [1] (202) 518-5252
consul general(s): Houston
 

Diplomatic representation from the US:

chief of mission: Ambassador Mark L. ASQUINO (since 29 June 2012)
embassy: Carretera Malabo II, Malabo, Guinea Ecuatorial
mailing address: US Embassy Malabo, US Department of State, Washington, DC 20521-2520
telephone: [240] 333 09 57 41
 

Flag description:

three equal horizontal bands of green (top), white, and red, with a blue isosceles triangle based on the hoist side and the coat of arms centered in the white band; the coat of arms has six yellow six-pointed stars (representing the mainland and five offshore islands) above a gray shield bearing a silk-cotton tree and below which is a scroll with the motto UNIDAD, PAZ, JUSTICIA (Unity, Peace, Justice); green symbolizes the jungle and natural resources, blue represents the sea that connects the mainland to the islands, white stands for peace, and red recalls the fight for independence
 

National symbol(s):

silk cotton tree
 

National anthem:

name: 'Caminemos pisando la senda' (Let Us Tread the Path)
lyrics/music: Atanasio Ndongo MIYONO/Atanasio Ndongo MIYONO or Ramiro Sanchez LOPEZ (disputed)
note: adopted 1968

Location:
 
Central Africa, bordering the Bight of Biafra, between Cameroon and Gabon
 

Geographic coordinates:

2 00 N, 10 00 E
 

Map references:

Africa
 

Area:

total: 28,051 sq km
country comparison to the world: 146
land: 28,051 sq km
water: 0 sq km
 

Area - comparative:

slightly smaller than Maryland
 

Land boundaries:

total: 528 km
border countries: Cameroon 183 km, Gabon 345 km
 

Coastline:

296 km
 

Maritime claims:

territorial sea: 12 nm
exclusive economic zone: 200 nm
 

Climate:

tropical; always hot, humid
 

Terrain:

coastal plains rise to interior hills; islands are volcanic
 

Elevation extremes:

lowest point: Atlantic Ocean 0 m
highest point: Pico Basile 3,008 m
 

Natural resources:

petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay
 

Land use:

arable land: 4.63%
permanent crops: 2.5%
other: 92.87% (2011)
 

Irrigated land:

NA
 

Total renewable water resources:

26 cu km (2011)
 

Freshwater withdrawal (domestic/industrial/agricultural):

total: 0.02 cu km/yr (80%/15%/5%)
per capita: 31.41 cu m/yr (2005)
 

Natural hazards:

violent windstorms; flash floods
volcanism: Santa Isabel (elev. 3,007 m), which last erupted in 1923, is the country's only historically active volcano; Santa Isabel, along with two dormant volcanoes, form Bioko Island in the Gulf of Guinea
 

Environment - current issues:

tap water is not potable; deforestation
 

Environment - international agreements:

party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified: none of the selected agreements
 

Geography - note:

insular and continental regions widely separated

Nationality:
 
noun: Equatorial Guinean(s) or Equatoguinean(s)
adjective: Equatorial Guinean or Equatoguinean
 

Ethnic groups:

Fang 85.7%, Bubi 6.5%, Mdowe 3.6%, Annobon 1.6%, Bujeba 1.1%, other 1.4% (1994 census)
 

Languages:

Spanish (official) 67.6%, other (includes French (official), Fang, Bubi) 32.4% (1994 census)
 

Religions:

nominally Christian and predominantly Roman Catholic, pagan practices
 

Population:

722,254 (July 2014 est.)
country comparison to the world: 167
 

Age structure:

0-14 years: 40.8% (male 149,597/female 144,788)
15-24 years: 19.5% (male 71,609/female 69,061)
25-54 years: 31.5% (male 112,956/female 114,785)
55-64 years: 4.2% (male 13,052/female 17,247)
65 years and over: 4.1% (male 12,310/female 16,849) (2014 est.)
population pyramid:  
 

Dependency ratios:

total dependency ratio: 70.8 %
youth dependency ratio: 66.1 %
elderly dependency ratio: 4.7 %
potential support ratio: 21.1 (2014 est.)
 

Median age:

total: 19.4 years
male: 18.8 years
female: 19.9 years (2014 est.)
 

Population growth rate:

2.54% (2014 est.)
country comparison to the world: 28
 

Birth rate:

33.83 births/1,000 population (2014 est.)
country comparison to the world: 32
 

Death rate:

8.39 deaths/1,000 population (2014 est.)
country comparison to the world: 84
 

Net migration rate:

0 migrant(s)/1,000 population (2014 est.)
country comparison to the world: 105
 

Urbanization:

urban population: 39.5% of total population (2011)
rate of urbanization: 3.16% annual rate of change (2010-15 est.)
 

Major urban areas - population:

MALABO (capital) 137,000 (2011)
 

Sex ratio:

at birth: 1.03 male(s)/female
0-14 years: 1.03 male(s)/female
15-24 years: 1.04 male(s)/female
25-54 years: 0.98 male(s)/female
55-64 years: 0.99 male(s)/female
65 years and over: 0.75 male(s)/female
total population: 0.99 male(s)/female (2014 est.)
 

Maternal mortality rate:

240 deaths/100,000 live births (2010)
country comparison to the world: 47
 

Infant mortality rate:

total: 71.12 deaths/1,000 live births
country comparison to the world: 14
male: 72.17 deaths/1,000 live births
female: 70.04 deaths/1,000 live births (2014 est.)
 

Life expectancy at birth:

total population: 63.49 years
country comparison to the world: 183
male: 62.43 years
female: 64.58 years (2014 est.)
 

Total fertility rate:

4.66 children born/woman (2014 est.)
country comparison to the world: 26
 

Contraceptive prevalence rate:

10.1% (2000)
 

Health expenditures:

4% of GDP (2011)
country comparison to the world: 164
 

Physicians density:

0.3 physicians/1,000 population (2004)
 

Hospital bed density:

2.1 beds/1,000 population (2010)
 

Drinking water source:

improved: 
urban: 65.5% of population
rural: 41.6% of population
total: 50.9% of population
unimproved: 
urban: 34.5% of population
rural: 58.4% of population
total: 49.1% of population (2006 est.)
 

Sanitation facility access:

improved: 
urban: 92.2% of population
rural: 86.8% of population
total: 88.9% of population
unimproved: 
urban: 7.8% of population
rural: 13.2% of population
total: 11.1% of population (2006 est.)
 

HIV/AIDS - adult prevalence rate:

6.2% (2012 est.)
country comparison to the world: 11
 

HIV/AIDS - people living with HIV/AIDS:

31,400 (2012 est.)
country comparison to the world: 69
 

HIV/AIDS - deaths:

1,400 (2012 est.)
country comparison to the world: 65
 

Major infectious diseases:

degree of risk: very high
food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever
vectorborne disease: malaria and dengue fever
animal contact disease: rabies (2013)
 

Obesity - adult prevalence rate:

10.6% (2008)
country comparison to the world: 129
 

Children under the age of 5 years underweight:

10.6% (2004)
country comparison to the world: 67
 

Education expenditures:

0.6% of GDP (2002)
country comparison to the world: 173
 

Literacy:

definition: age 15 and over can read and write
total population: 94.2%
male: 97.1%
female: 91.1% (2011 est.)
 

School life expectancy (primary to tertiary education):

total: 9 years
male: 10 years
female: 7 years (2000)
 

Child labor - children ages 5-14:

total number: 35,382
percentage: 28 % (2000 est.)

Economy - overview:
 
The discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth, but fluctuating oil prices along with slowing or declining oil production have resulted in much lower GDP growth in recent years. The economy is still dominated by hydrocarbon production. The government has solicited foreign investment, particularly from the United States, to diversify the economy and in February 2014 the government hosted an economic diversification symposium focused on attracting investment in five sectors: agriculture and animal ranching, fishing, mining and petrochemicals, tourism, and financial services. Undeveloped mineral resources include gold, zinc, diamonds, columbite-tantalite, and other base metals. Forestry and farming are also minor components of GDP. Subsistence farming is the dominant form of livelihood. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth. The government has stated its intention to reinvest some oil revenue into agriculture. A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993 because of corruption and mismanagement. The government has been widely criticized for its lack of transparency and misuse of oil revenues and has attempted to address this issue by working towards compliance with the Extractive Industries Transparency Initiative.
 

GDP (purchasing power parity):

$19.68 billion (2013 est.)
country comparison to the world: 136
$19.97 billion (2012 est.)
$18.96 billion (2011 est.)
note: data are in 2013 US dollars
 

GDP (official exchange rate):

$17.08 billion (2013 est.)
 

GDP - real growth rate:

-1.5% (2013 est.)
country comparison to the world: 209
5.3% (2012 est.)
4.6% (2011 est.)
 

GDP - per capita (PPP):

$25,700 (2013 est.)
country comparison to the world: 58
$26,900 (2012 est.)
$26,200 (2011 est.)
 

Gross national saving:

22.6% of GDP (2013 est.)
country comparison to the world: 64
26.4% of GDP (2012 est.)
32% of GDP (2011 est.)
 

GDP - composition, by end use:

household consumption: 26.7%
government consumption: 3.7%
investment in fixed capital: 37.9%
investment in inventories: 1%
exports of goods and services: 80.8%
imports of goods and services: -50.1%
(2013 est.)
 

GDP - composition, by sector of origin:

agriculture: 4.6%
industry: 87.3%
services: 8.1% (2013 est.)
 

Agriculture - products:

coffee, cocoa, rice, yams, cassava (manioc, tapioca), bananas, palm oil nuts; livestock; timber
 

Industries:

petroleum, natural gas, sawmilling
 

Industrial production growth rate:

3.2% (2013 est.)
country comparison to the world: 90
 

Labor force:

195,200 (2007)
country comparison to the world: 173
 

Unemployment rate:

22.3% (2009 est.)
country comparison to the world: 168
 

Population below poverty line:

NA%
 

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%
 

Budget:

revenues: $6.837 billion
expenditures: $6.795 billion (2013 est.)
 

Taxes and other revenues:

40% of GDP (2013 est.)
country comparison to the world: 42
 

Budget surplus (+) or deficit (-):

0.2% of GDP (2013 est.)
country comparison to the world: 39
 

Public debt:

11% of GDP (2013 est.)
country comparison to the world: 149
9.3% of GDP (2012 est.)
 

Fiscal year:

calendar year
 

Inflation rate (consumer prices):

6% (2013 est.)
country comparison to the world: 173
6.1% (2012 est.)
 

Central bank discount rate:

8.5% (31 December 2010 est.)
country comparison to the world: 84
4.25% (31 December 2009 est.)
 

Commercial bank prime lending rate:

15% (31 December 2013 est.)
country comparison to the world: 38
15% (31 December 2012 est.)
 

Stock of narrow money:

$3.001 billion (31 December 2013 est.)
country comparison to the world: 114
$3.023 billion (31 December 2012 est.)
 

Stock of broad money:

$3.382 billion (31 December 2013 est.)
country comparison to the world: 142
$3.438 billion (31 December 2012 est.)
 

Stock of domestic credit:

$-424.6 million (31 December 2013 est.)
country comparison to the world: 183
$-631.4 million (31 December 2012 est.)
 

Current account balance:

-$2.916 billion (2013 est.)
country comparison to the world: 157
-$2.945 billion (2012 est.)
 

Exports:

$15.44 billion (2013 est.)
country comparison to the world: 78
$14.86 billion (2012 est.)
 

Exports - commodities:

petroleum products, timber
 

Exports - partners:

Japan 18.8%, France 16.1%, China 11.7%, US 11.3%, Netherlands 7.2%, Spain 7.1%, Italy 5.1% (2012)
 

Imports:

$7.943 billion (2013 est.)
country comparison to the world: 110
$8.045 billion (2012 est.)
 

Imports - commodities:

petroleum sector equipment, other equipment, construction materials, vehicles
 

Imports - partners:

Spain 18.4%, China 17.4%, US 11.1%, France 8%, Italy 5.9%, Cote dIvoire 5.3%, Brazil 4.4% (2012)
 

Reserves of foreign exchange and gold:

$4.027 billion (31 December 2013 est.)
country comparison to the world: 101
$4.397 billion (31 December 2012 est.)
 

Debt - external:

$2.104 billion (31 December 2013 est.)
country comparison to the world: 143
$1.858 billion (31 December 2012 est.)
 

Exchange rates:

Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
500.7 (2013 est.)
510.53 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)

Telephones - main lines in use:
 
14,900 (2012)
country comparison to the world: 195
 

Telephones - mobile cellular:

501,000 (2012)
country comparison to the world: 169
 

Telephone system:

general assessment: digital fixed-line network in most major urban areas and good mobile coverage
domestic: fixed-line density is about 2 per 100 persons; mobile-cellular subscribership has been increasing and in 2011 stood at about 60 percent of the population
international: country code - 240; international communications from Bata and Malabo to African and European countries; satellite earth station - 1 Intelsat (Indian Ocean) (2011)
 

Broadcast media:

state maintains control of broadcast media with domestic broadcast media limited to 1 state-owned TV station, 1 private TV station owned by the president's eldest son, 1 state-owned radio station, and 1 private radio station owned by the president's eldest son; satellite TV service is available; transmissions of multiple international broadcasters are accessible (2013)
 

Internet country code:

.gq
 

Internet hosts:

7 (2012)
country comparison to the world: 227
 

Internet users:

14,400 (2009)
country comparison to the world: 200

 

Airports:
 
7 (2013)
country comparison to the world: 166
 

Airports - with paved runways:

total: 6
over 3,047 m: 1
2,438 to 3,047 m: 2
1,524 to 2,437 m: 1
under 914 m: 2 (2013)
 

Airports - with unpaved runways:

total: 1
2,438 to 3,047 m: 1 (2013)
 

Pipelines:

condensate 42 km; condensate/gas 5 km; gas 79 km; oil 71 km (2013)
 

Roadways:

total: 2,880 km (2000)
country comparison to the world: 168
 

Merchant marine:

total: 5
country comparison to the world: 128
by type: cargo 1, chemical tanker 1, petroleum tanker 3
foreign-owned: 1 (Norway 1) (2010)
 

Ports and terminals:

major seaport(s): Bata, Luba, Malabo

Electricity - production:
 
97 million kWh (2010 est.)
country comparison to the world: 200
Electricity - consumption:

90.21 million kWh (2010 est.)
country comparison to the world: 200
Electricity - exports:

0 kWh (2012 est.)
country comparison to the world: 131
 

Electricity - imports:

0 kWh (2012 est.)
country comparison to the world: 139
 

Electricity - installed generating capacity:

38,000 kW (2010 est.)
country comparison to the world: 196
 

Electricity - from fossil fuels:

97.4% of total installed capacity (2010 est.)
country comparison to the world: 62
 

Electricity - from nuclear fuels:

0% of total installed capacity (2010 est.)
country comparison to the world: 82
 

Electricity - from hydroelectric plants:

2.6% of total installed capacity (2010 est.)
country comparison to the world: 133
 

Electricity - from other renewable sources:

0% of total installed capacity (2010 est.)
country comparison to the world: 172
 

Crude oil - production:

318,000 bbl/day (2012 est.)
country comparison to the world: 34
 

Crude oil - exports:

319,100 bbl/day (2010 est.)
country comparison to the world: 24
 

Crude oil - imports:

0 bbl/day (2010 est.)
country comparison to the world: 180
 

Crude oil - proved reserves:

1.1 billion bbl (1 January 2013 est.)
country comparison to the world: 42
 

Refined petroleum products - production:

3,074 bbl/day (2010 est.)
country comparison to the world: 109
 

Refined petroleum products - consumption:

1,588 bbl/day (2011 est.)
country comparison to the world: 194
 

Refined petroleum products - exports:

2,320 bbl/day (2010 est.)
country comparison to the world: 101
 

Refined petroleum products - imports:

4,561 bbl/day (2010 est.)
country comparison to the world: 159
 

Natural gas - production:

6.88 billion cu m (2011 est.)
country comparison to the world: 48
 

Natural gas - consumption:

1.58 billion cu m (2010 est.)
country comparison to the world: 80
 

Natural gas - exports:

5.26 billion cu m (2011 est.)
country comparison to the world: 34
 

Natural gas - imports:

0 cu m (2011 est.)
country comparison to the world: 187
 

Natural gas - proved reserves:

36.81 billion cu m (1 January 2013 est.)
country comparison to the world: 68
 

Carbon dioxide emissions from consumption of energy:

5.232 million Mt (2011 est.)

A total of 43 Realistic Export Opportunities (REOs) from South Africa to Equatorial Guinea are identified based on the North-West University’s (South Africa) TRADE Decision Support Model (DSM).

The methodology is a very useful instrument to identify market opportunities globally for one’s product and also provides a good reference for one to be able to prioritise marketing efforts based on the value and size of these opportunities.

The TRADE-DSM Navigator provides sound information that companies are able to use in developing their export marketing strategy and forms the basis and guidance for further research should this be required.

In total 43 of the products associated with import demand are identified as realistic export opportunities. The relative 'untapped' potential of the market opportunity is shown in the chart below:

A total 'untapped' potential from South Africa's perspective of approximately 0.01 (in million US dollar terms) based on the average value of the top 6 supplying countries (excluding South Africa) are associated with these specific product export opportunities.

The highest number of identified opportunities are associated with the economic sector of

Food (301-304) .

Not all sectors will be present, as not all economic sectors (some of which are based on economic activity while the REOs are based on traded products) are relevant for all products. However, various other sectors also do exhibit potential.

While the above examples are based on high level economic sectors, the information is available at a much more granular level on the HS 6-digit tariff code level. To demonstrate the following example of a product description is provided:

HS CHAPTER 84:
NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF
Sub-heading 84.27:
Fork-lift trucks; other works trucks fitted with lifting or handling equipment:
HS 6-digit product code 8427.10:
Self-propelled trucks powered by an electric motor.

Research reports containing more detailed information related to these realistic export opportunities (down to product level as illustrated with the above product description) for each country are available from TIKZN.

Please contact us if you are interested in more detail by clicking here.

For an example of a more detailed country report please click here.

Please note that a more up-to-date version for the specific country report used in this example is available from TIKZN. This report is provided for demonstration purposes only and should not be used for any decision-making.

For more in-depth research you can also contact our NWU knowledge partners at
TRADE Research Advisory.

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