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As of 2004, [10] Equatorial Guinea was the third-largest oil producer in Sub-Saharan Africa. Its oil production had then risen to 360,000 barrels per day (57,000 m 3 /d), up from 220,000 barrels per day (35,000 m 3 /d) only two years earlier. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates.
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]
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 ]
Template: Economy of Equatorial Guinea. ... Download as PDF; Printable version; ... This page was last edited on 10 June 2012, ...
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.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person taking into account the changing population of the country.
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.
The GDP per capita of Equatorial guinea has increased exponentially since the production of oil took off, even greater than that of a European nation such as Spain. From the dramatic increase in oil production in recent years, Equatorial Guinea has managed to claim the spot as the third largest oil producer in Africa. [3]