As one of the world’s fastest growing economies, Equatorial Guinea has achieved an astonishing growth since the discovery of rich offshore oilfields in the country in 1999.

Equatorial Guinea is one of the smallest countries in continental Africa bordered by Cameroon to the north, Gabon to the south and east and Gulf of Guinea to the west. The country benefits from significant oil deposits with GDP per capita at $50, 200 , GDP real growth at 18.6% and GDP purchasing power parity at $25.7billion (2005 est.) and inflation at 5%.

Agriculture: coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil nuts; livestock; timber. Industries: petroleum, fishing, sawmilling, natural gas. Natural resources: petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay.

Equatorial Guinea’s exports of petroleum, timber, methanol and cocoa now far exceeds its 2005 estimate of $6.727 billion f.o.b. Imports stand at $1.864 billion f.o.b. (2005 est.): petroleum sector equipment, other equipment.

With population of 1.014million (2007), Equatorial Guinea, under the leadership of President Teodoro Obiang Nguema Mbasogo, Equatorial Guinea fully recognises private sector investment as the key stimulus for economic growth and development. The government has developed a robust and growing economy with excellent economic outlook which must be underpinned by a well functioning private sector that creates jobs, provides income for poor people and initiate and nurture poverty alleviating initiatives and strategies that are tailored for our specific local needs.

The economy continues to attract global and regional attention due to strong growth potentials which reports stress is set to continue. Government continues to fund development and construction of entirely new cities, roads and other key economic development infrastructures. US$4billion construction budget has been approved by parliament for the 2008 fiscal year.

The comprehensive economic and business growth of Equatorial Guinea is testament to government’s commitment to broadening the scope of economic activities in the country and ensures a strategic, all-rounded and sustainable economic growth.

Across all sectors in Equatorial Guinea today, business are raking in huge returns on their investments, not just in oil and gas but across the sectors including agriculture, mining, construction, tourism, and so on because Equatorial Guinea investment climate and code remains one of the best favoured for business in Africa. Annobon, a 314,000 square kilometre exclusive maritime economic zone harbours some of the Atlantics richest fishes such as snappers, mackerel, shrimps and lobsters.

Government is committed to further liberalisation of trade regime through the development of a comprehensive trade and industrial policy and strategy anchored to the programme of poverty alleviation.

Equatorial Guinea has tropical climate, 88% literacy rate and currency is the CFA francs (pegged to the Euro).