The 2004 CIA World Factbook. United States. Central Intelligence Agency
longer eligible for concessional financing because of large oil
revenues, the government has been unsuccessfully trying to agree on
a "shadow" fiscal management program with the World Bank and IMF.
Businesses, for the most part, are owned by government officials and
their family members. Undeveloped natural resources include
titanium, iron ore, manganese, uranium, and alluvial gold. Growth
will remain strong in 2004, led by oil.
GDP:
purchasing power parity - $1.27 billion (2002 est.)
GDP - real growth rate:
20% (2002 est.)
GDP - per capita:
purchasing power parity - $2,700 (2002 est.)
GDP - composition by sector: agriculture: 20% industry: 60% services: 2.4% (2003 est.)
Investment (gross fixed):
63.6% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
6% (2003 est.)
Labor force:
NA (October 2000)
Unemployment rate:
30% (1998 est.)
Budget:
revenues: $708.5 million
expenditures: $317.6 million, including capital expenditures of NA
(2003 est.)
Agriculture - products: coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil nuts; livestock; timber
Industries:
petroleum, fishing, sawmilling, natural gas
Industrial production growth rate:
30% (2002 est.)
Electricity - production:
23.56 million kWh (2001)
Electricity - consumption:
21.91 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
181,400 bbl/day (2001 est.)
Oil - consumption:
2,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
563.5 million bbl (1 January 2002)
Natural gas - production:
20 million cu m (2001 est.)
Natural gas - consumption:
20 million cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
68.53 billion cu m (1 January 2002)
Current account balance:
$-1.168 billion (2003)
Exports:
$2.1 billion f.o.b. (2003 est.)
Exports - commodities:
petroleum, methanol, timber, cocoa
Exports - partners:
US 33.6%, Spain 25.8%, China 14.4%, Canada 11.8%, Italy 6.4% (2003)
Imports:
$1.371 billion f.o.b. (2003 est.)
Imports - commodities:
petroleum sector equipment, other equipment
Imports - partners:
US 30.6%, UK 16%, France 15.1%, Cote d'Ivoire 11.9%, Spain 8.1%,
Norway 5.9%, Italy 5.3% (2003)
Reserves of foreign exchange & gold:
$206 million (2003)
Debt - external:
$248 million (2000 est.)
Economic aid - recipient:
$33.8 million (1995)
Currency:
Communaute Financiere Africaine franc (XAF); note - responsible
authority is the Bank of the Central African States
Currency code:
XAF
Exchange rates:
Communaute Financiere Africaine francs (XAF) per US dollar - 581.2
(2003), 696.988 (2002), 733.039 (2001), 711.976 (2000), 615.699
(1999)
Fiscal year:
1 January - 31 December
Communications Equatorial Guinea
Telephones - main lines in use:
9,600 (2003)
Telephones - mobile cellular:
41,500 (2003)
Telephone system:
general assessment: poor system with adequate government services
domestic: NA
international: country code - 240; international communications from
Bata and Malabo to African and European countries; satellite earth
station - 1 Intelsat (Indian Ocean)
Radio broadcast stations:
AM 0, FM 3, shortwave 5 (2002)
Radios:
180,000 (1997)
Television broadcast stations:
1 (2002)
Televisions:
4,000 (1997)
Internet country code:
.gq
Internet hosts:
3 (2004)
Internet Service Providers (ISPs):
1 (2002)
Internet users:
1,800 (2002)
Transportation Equatorial Guinea
Highways:
total: 2,880 km (1999 est.)
Pipelines:
condensate 37 km; gas 39 km; liquid natural gas 4 km; oil 24 km
(2004)
Ports and harbors:
Bata, Luba, Malabo
Merchant marine:
total: 3 ships (1,000 GRT or over) 6,556 GRT/9,704 DWT
by type: cargo 2, passenger/cargo 1
registered in other countries: 1 (2004 est.)
Airports:
3 (2003 est.)