Equatorial Guinea
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National Flag |
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Map |
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Basic Information |
Equatorial Guinea is located in the heart of Gulf of Guinea, in west-central Africa, bordered by the Atlantic Ocean to the west, the Cameroon to the north and the Gabon to the east and south. It has a land area of approximately 28.1 thousands square kilometers and the population is about 1.54 million in 2023 (estimate of 2023). The capital is Malabo and Bata city is the largest economic centre of the country. |
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Investment Situation |
Equatorial Guinea has petroleum, natural gas, phosphate, gold, bauxite, zinc, diamond and other resources, with natural gas and proven crude oil reserves of 300 billion cubic meters and 5.6 barrels respectively. Equatorial Guinea is the third largest oil producer in sub-Saharan Africa and crude oil has become a pillar industry of country’s economic and social development. In 2021, the daily production capacity of crude oil was around 100 thousand barrels, mainly explored by USA and UK companies. Rich in forest and fishery resources, the forest area is 2.2 million hectares with 46% forest coverage rate and the maritime exclusive economic zone is 312 thousands square kilometers. Tuna, African yellow croaker and prawns are rich, with an annual catch of 70,000 to 100,000 tons.
The “2023 World Investment Report” published by the United Nations Conference on Trade and Development (UNCTAD), pointed out that by the end of 2022, Equatorial Guinea has attracted US$15.89 billion on stock of inward direct investment. According to the “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment”, by the end of 2022, the stock of direct investment of China in Equatorial Guinea was US$240 million. |
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Trade in Goods |
In 2022, Equatorial Guinea’s main export destinations are Zambia, China and Spain. Its main export goods are mainly copper and its products, vessels, steel products. The main import origins include Spain, China, the United States, and the United Kingdom. The main imported goods include vessels, machines and beverages.
In 2023, China’s exports to Equatorial Guinea amounted to US$1.36 billion, mainly include non-navigating paving tiles, ground tiles and floor fans; goods imported from Equatorial Guinea amounted to US$200 million, mainly include crude oil, liquefied natural gas. |
Main Economic Indicators of recent three years
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2021 |
2022 |
2023 |
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Population (million) |
1.45 |
1.50 |
1.54 |
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GDP (US$ billion) |
12.27 |
11.77 |
10.28 |
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Real GDP Growth Rate |
-0.4 |
3.2 |
-5.9 |
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Total Export of Goods (US$ million) |
5,700 |
7,500 |
5,200 |
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Total Import of Goods (US$ million) |
1,746 |
2,988 |
3,100 |
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Total Export of Services (US$ million) |
– |
– |
– |
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Total Import of Services (US$ million) |
– |
– |
– |
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Inflation measured by the Consumer Price Index (Annual Inflation rate%) |
-0.1 |
4.9 |
2.5 |
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Current Account Balance (US$ billion) |
0.514 |
0.287 |
-0.138 |
Source: International Monetary Fund (IMF)
Statistics on the Trade of Goods between Mainland China and Equatorial Guinea of recent three years (US$ thousands)
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Year |
Total Trade |
Total Exports value |
Total Imports value |
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2023 |
1,565,566 |
201,846 |
1,363,719 |
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2022 |
1,747,111 |
230,727 |
1,516,384 |
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2021 |
1,336,938 |
123,993 |
1,212,945 |
Remarks: “Exports” refers of goods exported to Equatorial Guinea from Mainland China; “Imports” refers of goods imported from Equatorial Guinea to Mainland China
Source: General Administration of Customs of the People’s Republic of China
Source of Data:
- Ministry of Foreign Affairs of the People’s Republic of China
- “Country (region) guide for foreign investment co-operation (Equatorial Guinea)” by the Ministry of Commerce the People’s Republic of China
- “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
- General Administration of Customs of the People’s Republic of China
- SinoMaps Press
- International Monetary Fund (IMF)
- World Trade Organization (WTO)
- International Trade Center (ITC)
- “2023 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
Updated in April 2024.
