ence agriculture predominates,
with cocoa, coffee, and wood products providing income, foreign exchange,
and government revenues. There is little industry. Commerce accounts for
about 8% of GDP and the construction, public works, and service sectors for
about 38%. Undeveloped natural resources include titanium, iron ore,
manganese, uranium, and alluvial gold. Oil exploration, taking place under
concessions offered to US, French, and Spanish firms, has been moderately
successful.
GDP:
exchange rate conversion - $156 million, per capita $400; real growth rate
1.6% (1988 est.)
Inflation rate (consumer prices):
3.6% (1990 est.)
Unemployment rate:
NA%
Budget:
revenues $27 million; expenditures $29 million, including capital
expenditures of NA (1990 est.)
Exports:
$37 million (f.o.b., 1990 est.)
commodities:
coffee, timber, cocoa beans
partners:
Spain 38.2%, Italy 12.2%, Netherlands 11.4%, FRG 6.9%, Nigeria 12.4 (1988)
Imports:
$68.3 million (c.i.f., 1990)
commodities:
petroleum, food, beverages, clothing, machinery
partners:
France 25.9%, Spain 21.0%, Italy 16%, US 12.8%, Netherlands 8%, Germany
3.1%, Gabon 2.9%, Nigeria 1.8 (1988)
External debt:
$213 million (1990)
Industrial production:
growth rate - 6.8% (1990 est.)
Electricity:
23,000 kW capacity; 60 million kWh produced, 160 kWh per capita (1991)
Industries:
fishing, sawmilling
Agriculture:
cash crops - timber and coffee from Rio Muni, cocoa from Bioko; food crops -
rice, yams, cassava, bananas, oil palm nuts, manioc, livestock
Illicit drugs:
transshipment point for illicit drugs from Central and Southwest Asia to
Western Europe
Economic aid:
US commitments, including Ex-Im (FY81-89), $14 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89) $130 million;
Communist countries (1970-89), $55 million
Currency:
Communaute Financiere Africaine franc (plural - francs); 1 CFA franc (CFAF)
= 100 centimes
Exchange rates:
Communaute Financiere Africaine francs (CFAF) per US$1 - 269.01 (January
1992), 282.11 (1991), 272.26 (1990), 319.01 (1989), 297.85 (1988), 300.54
(1987)

:Equatorial Guinea Economy

Fiscal year:
1 April - 31 March

:Equatorial Guinea Communications

Highways:
Rio Muni - 2,460 km; Bioko - 300 km
Ports:
Malabo, Bata
Merchant marine:
2 ships