FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Intelsat, Interpol, IOC, ITU, NAM, OAS (observer), OAU,
UDEAC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WToO, WTrO (applicant)

Diplomatic representation in the US:
chief of mission : Ambassador Pastor Micha ONDO BILE
chancery: Suite 405, 1511 K Street NW, Washington, DC 20005
telephone : [1] (202) 393-0525
FAX: [1] (202) 393-0348

Diplomatic representation from the US: the US does not have an embassy
in Equatorial Guinea (embassy closed September 1995); US relations
with Equatorial Guinea are handled through the US Embassy in Yaounde,
Cameroon

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)

Economy

Economy - overview: Farming, forestry, and fishing account for about
half of GDP. Subsistence farming predominates. Although
pre-independence Equatorial Guinea counted on cocoa production for
hard currency earnings, the deterioration of the rural economy under
successive brutal regimes has diminished potential for agriculture-led
growth. A number of aid programs sponsored by the World Bank and the
IMF have been cut off since 1993 because of the government's gross
corruption and mismanagement. 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. Oil exploration, taking place under concessions offered to US,
French, and Spanish firms, has been moderately successful and has
contributed to Equatorial Guinea's strong growth rates in the early
1990s. The country responded favorably to the devaluation of the CFA
franc in January 1994.

GDP: purchasing power parity - $328 million (1995 est.)

GDP - real growth rate: 11.2% (1995 est.)

GDP - per capita: purchasing power parity - $800 (1995 est.)

GDP - composition by sector:
agriculture: 50%
industry: 14%
services: 36% (1994 est.)

Inflation rate - consumer price index: 10.9% (1995 est.)

Labor force: NA

Unemployment rate: NA%

Budget:
revenues: $27 million
expenditures: $34.1 million, including c