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Equatorial Guinea

Republic of Equatorial Guinea

Spanish, French, Portuguese Central African CFA (XAF) Mixed: Spanish civil law, customary law
AU, ECCAS, CEMAC, OPEC, AfCFTA, CPLP

Equatorial Guinea has the highest GDP per capita in continental Africa due to its significant oil and gas production relative to its small population (1.4 million). The economy is dominated by hydrocarbons, with Marathon Oil, ExxonMobil, and Noble Energy operating major fields. The country also produces methanol (one of the world's largest plants) and LNG. Oil production has declined from peak levels, prompting diversification efforts into petrochemicals, agriculture, and tourism. Challenges include heavy oil dependence, governance concerns, and limited economic diversification. The country is a member of OPEC and CEMAC.

Snapshot

Population~1.9 MWorld Bank, 2025
GDP (current USD)$12.8 BWorld Bank, 2025
GDP per Capita$6,615World Bank, 2025
GDP Growth-5.85%World Bank, 2025
Inflation (y/y)~2.92%World Bank, 2024
Policy Rate5.00%Central Bank
Unemployment8.34%World Bank, ILO modelled estimate, 2025
Internet Use~63.30%World Bank, 2024
Electrification~67.00%World Bank WDI
CPI Score (Rank)17.0/100 (#171)Transparency Intl
HDI (Rank)0.596 (#145)UNDP HDR

World Bank Indicators Compare with another country

GDP (current USD)$12.8 BWorld Bank, 2025
GDP growth (annual)-5.85%World Bank, 2025
GDP per capita (USD)$6,615World Bank, 2025
Population, total1.9 MWorld Bank, 2025
FDI net inflows (USD)$188.0 MWorld Bank, 2024
Inflation (consumer prices)2.92%World Bank, 2024
Unemployment (% labour force)8.34%World Bank, 2025
Internet use (% of people)63.30%World Bank, 2024
Trade (% of GDP)74.93%World Bank, 2025

Climate Readiness Full ranking

53out of 100
Emerging
Climate adaptation readiness for Equatorial Guinea, from 5 of 5 measured indicators.
Energy access6767.0% · 30% weight
Governance readiness1717 / 100 CPI · 20% weight
Human readiness600.596 HDI · 20% weight
Economic readiness76$6,615, 2025 · 15% weight
Digital readiness4444.0% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework. It is built only from measured values already held on this profile and normalised 0-100. It does not measure emissions or physical climate vulnerability: the platform does not yet hold emissions, hazard-exposure or natural-capital series. Energy access is the single most climate-specific indicator held; the other four are governance, economic, human-development and digital readiness proxies. The economic sub-score is relative to the African countries the platform covers.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework. Built only from measured values already held on each country profile. It is not a measure of emissions or physical climate vulnerability, which the platform does not yet hold.

  • Energy access (30%) — World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
  • Governance readiness (20%) — Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
  • Human readiness (20%) — UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
  • Economic readiness (15%) — World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
  • Digital readiness (15%) — World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.

A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.

Country Facts

CapitalMalabo
RegionCentral Africa
CurrencyCentral African CFA (XAF)
FX RegimeFixed peg to EUR via CFA franc
Legal SystemMixed: Spanish civil law, customary law
Time ZoneAfrica/Malabo

Focus Sectors

Oil & Gas
Petrochemicals
Methanol
LNG
Forestry
Agriculture (cocoa
coffee)
Construction
Financial Services

Regulations & Taxes

Corporate Income Tax35% standard (oil: 25-34%)
VAT / Sales Tax15% standard