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The economy of Equatorial Guinea has traditionally been dependent on commodities such as cocoa and coffee, but is now heavily dependent on petroleum due to the discovery and exploitation of significant oil reserves in the 1980s. [9] In 2017, it graduated from "Least Developed Country" status, one of six Sub-Saharan African nations that managed ...
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
At the bottom of the list, South Africa had a growth rate of 0.1% while Equatorial Guinea’s economy had receded with a rate of -1.8%. World Bank estimates for 2022 presented a different picture, with Niger leading economic growth at 11.5%, South Sudan receding at a rate of -10.8% and the continent as a whole seeing an average of 4.2% growth. [3]
This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Figures are given in international dollars according to the International Monetary Fund.
This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). GDP (PPP) per capita is given in international dollars . Note that the list excludes overseas departments Mayotte and Réunion (France), both west of Mauritius.
Template: Economy of Equatorial Guinea. ... Download QR code; Print/export Download as PDF; Printable version; In other projects
Throughout much of the 1990s, Equatorial Guinea was considered to be a poor country with little prospects of economic growth. [1] Although the country had been rather successful at independence due to its cocoa industry, the Macias regime that quickly exerted its repressive forces eventually diminished it to a shell of its former glory.
The institution of the Ministry of Commerce of Equatorial Guinea has its origins in 1968, after the country's independence. On October 12, 1968, the government of Francisco Macias assumed power, which included Edmundo Bossio Dioko as vice President and First Minister of Economy of Equatorial Guinea. hasta su destitución en 1974 Julio Bonoko Eye as Vice Minister of Commerce.