Equatorial Guinea

Description of Equatorial Guinea

Welcome to our website, where we delve into the geopolitical and macroeconomic landscape of Equatorial Guinea, a small but significant nation nestled in Central Africa. Known for its rich oil reserves and unique political history, Equatorial Guinea presents a fascinating case study for understanding the interplay between natural resource wealth, governance challenges, and economic development. Join us as we explore the complexities and opportunities facing this dynamic country at the crossroads of Africa's future.

Population And Age Structure

Equatorial Guinea has a total population of 1,596,049, significantly below the average population of 40,097,746. The country ranks 148th out of 194 countries in terms of population.

The percentage of population ages 0-14 in Equatorial Guinea is 38.86%, higher than the average of 27.34%. This places Equatorial Guinea at the 42nd rank out of 194 countries in this category.

Equatorial Guinea has a total of 620,158 children aged 0-14, much lower than the average of 10,327,379. The country ranks 137th out of 194 countries based on this metric.

For the population ages 15-64 category, Equatorial Guinea's percentage is 57.98%, below the average of 63.44%. The country is ranked 152nd out of 194 countries in this demographic.

The total population aged 15-64 in Equatorial Guinea is 925,351, far below the average of 26,003,407. Equatorial Guinea ranks 150th out of 194 countries in this age group.

Equatorial Guinea has 3.17% of its population aged 65 and above, lower than the average of 9.22%. This places the country at the 159th rank out of 194 countries in this age category.

The total population aged 65 and above in Equatorial Guinea is 50,540, significantly lower than the average of 3,766,959. The country is ranked 157th out of 194 countries based on this metric.

Summary

Equatorial Guinea has a relatively small population with a higher percentage of children aged 0-14 compared to the global average, indicating a younger demographic profile. However, the country has a lower percentage of working-age population (15-64) and elderly population (65 and above) compared to the average, suggesting potential challenges in terms of workforce productivity and aging population support. These demographic indicators are crucial as they can impact various sectors such as healthcare, education, and labor market dynamics, influencing the country's overall development trajectory.

Population Miscellaneous

Equatorial Guinea has a rural population of 429,337, significantly below the attribute average of 18,044,041. The country ranks 150 out of 190 countries in this aspect.

The rural population (% of total population) in Equatorial Guinea is 26.9, lower than the average of 41.16%. This places Equatorial Guinea at rank 129 out of 190 countries.

Equatorial Guinea's urban population stands at 1,166,712, well below the average of 22,425,747. The country ranks 145 out of 194 countries in urban population.

With an urban population (% of total population) of 73.1, Equatorial Guinea exceeds the average of 59.69%. This places the country at rank 66 out of 194 countries.

The age dependency ratio (% of working-age population) in Equatorial Guinea is 72.48, above the average of 59.22%. The country ranks 43 out of 194 countries.

Equatorial Guinea has a crude birth rate of 31.174 per 1,000 people, higher than the average of 19.38. The country ranks 32 out of 192 countries in this aspect.

With a crude death rate of 9.026 per 1,000 people, Equatorial Guinea is just above the average of 8.21. The country ranks 61 out of 192 countries.

The total fertility rate in Equatorial Guinea is 4.346 births per woman, higher than the average of 2.60. This places the country at rank 25 out of 190 countries.

Summary

Equatorial Guinea exhibits a lower rural population and higher urban population compared to global averages, with significant age dependency ratio and fertility rates. These indicators highlight demographic trends that may impact the country's future development, resource allocation, and healthcare needs.

Military

Equatorial Guinea's military expenditure is significantly lower than the average, standing at $162.37 million while the average is $12.9 billion. With a rank of 116 out of 149 countries, Equatorial Guinea's focus country expenditure is far below the average.

Regarding military expenditure as a percentage of GDP, Equatorial Guinea devotes 1.62% compared to the average of 1.90%. This places Equatorial Guinea at the rank of 71 out of 148 countries in the dataset.

Equatorial Guinea has 1000 armed forces personnel, much lower than the average of 165,908 personnel. This places Equatorial Guinea at a low rank of 162 out of 164 countries included in the data for this attribute.

Equatorial Guinea's armed forces personnel as a percentage of the total labor force stands at 0.19%, significantly below the average of 1.28%. This places Equatorial Guinea at a low rank of 154 out of 164 countries in the dataset.

Summary

Equatorial Guinea has significantly lower military expenditure, fewer armed forces personnel, and a lower percentage of armed forces personnel compared to the global average. These statistics indicate that Equatorial Guinea allocates relatively less resources towards its military compared to other countries, which may impact its military capabilities, defense preparedness, and overall security posture.

Natural Resources

1. Equatorial Guinea's forest area is 24,484.2 sq. km, ranking 98 out of 191 countries. This value is below the attribute average of 211,606.1 sq. km.

2. The land area of Equatorial Guinea is 28,050 sq. km, ranking 139 out of 194 countries, significantly below the average of 665,166.5 sq. km.

3. Equatorial Guinea's surface area matches its land area at 28,050 sq. km, ranking 141 out of 194 countries. This is notably lower than the average of 689,779.6 sq. km.

4. The arable land in Equatorial Guinea covers 53,000 hectares, placing the country at a rank of 156 out of 190 countries. This value is significantly lower than the average of 7,329,543.2 hectares.

5. Equatorial Guinea experiences an average precipitation depth of 2,156 mm per year, ranking 25 out of 178 countries. This value is higher than the average of 1,157.8 mm per year.

6. The total renewable internal freshwater resources in Equatorial Guinea stand at 26 billion cubic meters, ranking 97 out of 178 countries. This value is lower than the average of 240.4 billion cubic meters.

Summary

Equatorial Guinea has a significantly smaller forest area, land area, surface area, and arable land compared to the global averages. However, the country receives higher-than-average precipitation, which could potentially support agriculture despite the limited arable land. The lower-than-average renewable freshwater resources may pose challenges for sustainable development and agricultural activities in the long run.

Resource Rents

Equatorial Guinea's total natural resources rents account for 16.68% of its GDP, which is significantly higher than the average of 4.63%. This places Equatorial Guinea at rank 12 out of 175 countries in the dataset.

When it comes to forest rents, Equatorial Guinea's value is 2.22% of GDP, slightly above the average of 1.53%. This ranks Equatorial Guinea 37th out of 174 countries included in the data.

Equatorial Guinea's oil rents are quite substantial at 10.75% of GDP, much higher than the average of 2.51%. This places Equatorial Guinea at rank 9 out of 117 countries.

For natural gas rents, Equatorial Guinea's value is 3.71% of GDP, which is above the average of 1.25%. Equatorial Guinea holds the 10th rank out of 96 countries in the dataset for this attribute.

Summary

Equatorial Guinea stands out among countries with its significant natural resources rents, particularly in total natural resources, forest rents, oil rents, and natural gas rents. These figures, higher than global averages and ranking favorably in the dataset, indicate a heavy reliance on natural resource wealth for the country's economy. This dependency on resource extraction can have both positive and negative implications for Equatorial Guinea's economic development, influencing its fiscal stability, governance structure, and susceptibility to commodity price fluctuations.

Commodities

1. Aquaculture production (metric tons): Equatorial Guinea has a production of 15 metric tons, significantly below the average of 679,642.92 metric tons. It ranks 165th out of 180 countries included in the data.

2. Capture fisheries production (metric tons): The country's production of 5958.28 metric tons is well below the average of 467,453.06 metric tons. Equatorial Guinea ranks 145th out of 190 countries in this aspect.

3. Total fisheries production (metric tons): With a production of 5973.28 metric tons, Equatorial Guinea falls short of the average of 1,153,914.85 metric tons. It holds the 152nd position out of 182 countries in total fisheries production.

4. Fertilizer consumption (kilograms per hectare of arable land): Equatorial Guinea's consumption of 18.39 kilograms per hectare is below the average of 159.04 kilograms per hectare. The country ranks 147th out of 187 nations considered in this metric.

Summary

Equatorial Guinea lags behind global averages in key macroeconomic indicators related to agriculture and fisheries, such as aquaculture production, capture fisheries production, total fisheries production, and fertilizer consumption per hectare of arable land. These statistics indicate a significant gap between Equatorial Guinea's performance in these sectors compared to the global average, suggesting room for improvement in agricultural and fisheries development strategies to increase productivity and sustainability.

Intellectual Property

Equatorial Guinea's scientific and technical journal articles production is significantly below the attribute average of 15,103.76, with a value of only 1.7. This places Equatorial Guinea at a low rank of 189 out of 192 countries included in the data.

Summary

Equatorial Guinea's production of scientific and technical journal articles is alarmingly low, with only 1.7 articles in comparison to the global average of 15,103.76. This places Equatorial Guinea at a dismal rank of 189 out of 192 countries. This significant shortfall in research output highlights a severe lack of investment in education, research, and innovation, which are crucial for sustainable development and global competitiveness in the modern knowledge-based economy.

Broad Economy Attributes

Equatorial Guinea's GDP (current US$) is $9.89 billion, significantly below the average GDP of $442.87 billion, ranking 140 out of 189 countries.

The country's GDP, PPP (current international $) stands at $25.36 billion, well below the average of $734.14 billion, ranking 137 out of 181 countries.

Equatorial Guinea's GDP per capita (current US$) is $6198.94, lower than the average of $15462.11, ranking 89 out of 190 countries.

The GDP per capita, PPP (current international $) of Equatorial Guinea is $15888.28, below the average of $21251.89, ranking 76 out of 181 countries.

In terms of GNI (current US$), the country's value is $7.45 billion, well below the average of $452.04 billion, ranking 145 out of 185 countries.

Equatorial Guinea's GNI, PPP (current international $) is $19.11 billion, significantly lower than the average of $730.70 billion, ranking 141 out of 181 countries.

Regarding GNI per capita, PPP (current international $), the country's value is $11970, below the average of $20615.75, ranking 98 out of 181 countries.

Summary

Equatorial Guinea's key macroeconomic indicators, including GDP, GDP per capita, and GNI, are consistently below global averages, indicating a relatively lower level of economic development in comparison to other countries. These statistics underscore the economic challenges the country faces in terms of generating wealth and improving the standard of living for its population, highlighting the need for targeted policy interventions and investments to spur economic growth and development.

Broad Value Added

- Gross value added at basic prices (GVA) in Equatorial Guinea is $9,760,310,337.76, ranking 133 out of 176 countries, significantly below the average of $360,070,943,595.12.
- Agriculture, forestry, and fishing value added (% of GDP) for Equatorial Guinea is 3.15%, ranking 127 out of 182 countries, notably below the average of 10.86%.
- Agriculture, forestry, and fishing value added in current US dollars for Equatorial Guinea is $311,810,917.21, placing it at rank 153 out of 182 countries, far below the average of $19,924,732,828.07.
- Services value added (% of GDP) stands at 51.29% for Equatorial Guinea, ranking 131 out of 183 countries, slightly below the average of 56.72%.
- Services value added in current US dollars for Equatorial Guinea is $5,074,633,516.47, ranking 137 out of 183 countries, notably lower than the average of $295,837,711,130.69.
- Industry value added in current US dollars for Equatorial Guinea is $4,492,327,783.75, placing it at rank 112 out of 183 countries, significantly below the average of $118,421,095,413.50.

Summary

Equatorial Guinea exhibits a relatively low Gross Value Added at basic prices, Agriculture, forestry, and fishing value added, Services value added, and Industry value added compared to global averages. These statistics indicate a lack of diversification in the country's economy, heavy reliance on specific sectors, and potential vulnerabilities to external economic shocks or fluctuations in global markets. Enhancing diversification and productivity across sectors is crucial for Equatorial Guinea to ensure sustainable economic growth and resilience to external challenges.

Manufacturing Value Added

Equatorial Guinea's Manufacturing, value added (current US$) is $624.23 million. This figure is significantly below the attribute average of $76.21 billion, ranking Equatorial Guinea 138th out of 173 countries in the dataset.

In terms of Manufacturing, value added (% of GDP), Equatorial Guinea's value stands at 6.31%, which is below the attribute average of 11.90%. This places Equatorial Guinea 136th out of 173 countries considered for this statistic.

Summary

Equatorial Guinea's Manufacturing value added is relatively low at $624.23 million compared to the global average of $76.21 billion, placing the country at 138th out of 173 countries in the dataset. Additionally, Equatorial Guinea's Manufacturing value added as a percentage of GDP is 6.31%, below the average of 11.90%, ranking the country 136th in this category.

These statistics indicate that Equatorial Guinea's manufacturing sector is underdeveloped and contributes less to its overall GDP compared to other countries. This suggests potential challenges in diversifying the economy, creating job opportunities, and achieving sustainable economic growth in the long term.

Money

1. Inflation, consumer prices (annual %): Equatorial Guinea has a consumer price inflation rate of 4.77%, which is below the average rate of 8.26%. The country is ranked 41 out of 165 countries in this attribute data.

2. Inflation, GDP deflator (annual %): Equatorial Guinea has a GDP deflator inflation rate of -10.17%, significantly below the average of 6.90%. The country is ranked 179 out of 188 countries in this attribute data.

3. Broad money growth (annual %): Equatorial Guinea has a negative broad money growth rate of -5.16%, well below the average of 18.03%. The country is ranked 135 out of 139 countries in this attribute data.

4. Broad money (% of GDP): Equatorial Guinea's broad money as a percentage of GDP is 13.83%, much lower than the average of 71.75%. The country is ranked 139 out of 139 countries in this attribute data.

5. Broad money to total reserves ratio: Equatorial Guinea has a ratio of 22.49, indicating a higher proportion of broad money to total reserves compared to the average of 5.17. The country is ranked 5 out of 126 countries in this attribute data.

Summary

Equatorial Guinea exhibits a mix of low inflation rates, negative broad money growth, and significantly lower levels of broad money compared to its GDP. Despite ranking low in global comparison for these indicators, the country stands out with a higher proportion of broad money to total reserves. These statistics are crucial as they reflect the country's economic stability, monetary policy effectiveness, and financial resilience in the global market.

Consumption Expenditure

1. Equatorial Guinea's final consumption expenditure in current US dollars is significantly below the attribute average, ranking 126 out of 159 countries in the dataset.

2. The country's final consumption expenditure as a percentage of GDP is above the attribute average, ranking 48 out of 159 countries.

3. Equatorial Guinea's general government final consumption expenditure in current US dollars is far below the attribute average, ranked 106 out of 158 countries.

4. The general government final consumption expenditure as a percentage of GDP is significantly higher than the average, placing Equatorial Guinea at rank 10 out of 158 countries.

5. Household and NPISHs final consumption expenditure in current US dollars is well below the attribute average, with Equatorial Guinea ranked 128 out of 158 countries.

6. When considering household and NPISHs final consumption expenditure as a percentage of GDP, Equatorial Guinea's value is below the average, ranking 86 out of 158 countries.

Summary

Equatorial Guinea's final consumption expenditure in current US dollars, general government final consumption expenditure, and household and NPISHs final consumption expenditure are all below the attribute average. However, when looking at these expenditures as a percentage of GDP, the country's values are above average. This indicates potential inefficiencies in how the country allocates its resources, with a higher proportion of spending relative to its GDP compared to other countries in the dataset.

These findings are important as they suggest that Equatorial Guinea may be allocating a significant portion of its economic output towards consumption, particularly by the general government, which could impact the country's long-term economic stability and development. It signals a need for the country to assess its expenditure patterns and consider strategies to enhance efficiency and promote sustainable economic growth.

Investment

Equatorial Guinea received $410,016,918.32 in net inflows of foreign direct investment, which is significantly below the average of $5,749,271,080.15. This places Equatorial Guinea at rank 101 out of 182 countries with available data on this attribute.

Foreign direct investment in Equatorial Guinea accounts for 4.14% of its GDP, surpassing the average of 2.61%. This places Equatorial Guinea at rank 49 out of 178 countries in the dataset for this attribute.

Summary

Equatorial Guinea's net inflows of foreign direct investment are notably lower than the global average, positioning the country at 101st place in comparison to 182 countries. Despite this, the percentage of GDP attributed to foreign direct investment in Equatorial Guinea exceeds the average, ranking the country at 49th place among 178 nations. These indicators are crucial as they reflect Equatorial Guinea's attractiveness to foreign investors and highlight its reliance on such investments to drive economic growth and development.

Broad Trade Attributes

Trade (% of GDP): Equatorial Guinea's trade value accounts for 77.93% of its GDP, which is below the average of 82.34%. The country ranks 66th out of 163 countries in this measure.

Merchandise trade (% of GDP): Equatorial Guinea's merchandise trade contributes to 45.37% of its GDP, lower than the average of 60.01%. The country is ranked 113th out of 186 countries in this aspect.

External balance on goods and services (current US$): Equatorial Guinea's external balance for goods and services amounts to $372,305,786.31, a figure significantly lower than the average of $3,405,509,011.13. The country holds the 57th rank out of 163 countries.

External balance on goods and services (% of GDP): Equatorial Guinea's external balance in goods and services is 3.76% of its GDP, which is higher than the average of -5.97%. The country is ranked 35th out of 163 countries in this metric.

Summary

Equatorial Guinea exhibits a trade value accounting for 77.93% of its GDP, ranking 66th among 163 countries. However, its merchandise trade only contributes 45.37% to its GDP, placing it at 113th position out of 186 countries. The country's external balance in goods and services, totaling $372,305,786.31, is significantly lower than the global average, but its percentage of GDP for this balance is 3.76%, higher than the average of -5.97% and securing a 35th place in the ranking.

These indicators are crucial for Equatorial Guinea as they depict the country's trade dependency, the contribution of merchandise trade to its economy, and its external balance in goods and services compared to global averages. They provide insights into the country's economic openness, competitiveness, and potential vulnerabilities in the international market.

Broad Export Attributes

Equatorial Guinea's exports of goods and services amount to $4.04 billion, significantly below the average of $129.60 billion. The country ranks 114th out of 163 countries in this category.

Equatorial Guinea's exports of goods and services as a percentage of GDP are 40.85%, slightly above the average of 38.19%. It ranks 50th out of 163 countries in this aspect.

Summary

Equatorial Guinea has a relatively low total value of exports compared to the global average, ranking 114th out of 163 countries. However, the country's exports as a percentage of GDP are higher than the average, positioning it 50th globally in this aspect. These indicators are crucial as they reflect Equatorial Guinea's economic dependence on exports and the efficiency of its trade sector in relation to its economy's size.

Merchandise Exports

Merchandise exports for Equatorial Guinea amount to $3.2 billion, significantly below the attribute average of $89.5 billion. The country is ranked 122 out of 187 countries in this metric.

Summary

Equatorial Guinea's merchandise exports of $3.2 billion are notably lower than the global average of $89.5 billion, placing the country at 122 out of 187 nations in this aspect. This indicates a significant disparity in trade volume compared to other countries, highlighting potential challenges in diversifying the economy and reducing dependency on a limited range of export commodities.

Broad Import Attributes

Equatorial Guinea's imports of goods and services amount to approximately $3.67 billion, significantly below the average of $126.19 billion among 163 countries. The country ranks 125th out of 163 in this aspect.

Equatorial Guinea's imports of goods and services account for about 37.08% of its GDP, which is below the average of 44.15% for 163 countries. The country holds the 84th rank out of 163 in this metric.

Summary

Equatorial Guinea's imports of goods and services are relatively low at $3.67 billion, placing it well below the global average of $126.19 billion. Additionally, its imports account for 37.08% of its GDP, which falls short of the average of 44.15% for countries worldwide. These figures indicate that Equatorial Guinea has a relatively smaller economy with lower integration into the global market compared to the average country. This could suggest limited diversification, potential vulnerability to external shocks, and a lower level of economic development.

Merchandise Imports

Merchandise imports in Equatorial Guinea amount to $1,289,000,000, which is significantly below the attribute average of $89,385,605,263. Equatorial Guinea ranks 157th out of 190 countries in terms of merchandise imports.

Summary

Equatorial Guinea's merchandise imports are relatively low, totaling $1,289,000,000, significantly below the global average of $89,385,605,263. This places Equatorial Guinea at the 157th position out of 190 countries in terms of merchandise imports. This highlights the country's limited integration into the global trade network and suggests potential challenges in terms of diversification and economic growth.

Infrastructure

Equatorial Guinea's air transport for freight is significantly below the average with only 2.78 million ton-km, ranking 90th out of 126 countries. In terms of registered carrier departures worldwide, Equatorial Guinea has 3051 departures, which is well below the average. This places the country at rank 114 out of 149 countries. Additionally, in terms of passengers carried, Equatorial Guinea falls below the average with 138,898 passengers, ranking at 116 out of 149 countries.

Summary

Equatorial Guinea's air transport sector lags behind the global average in freight volume, registered carrier departures, and passengers carried. These low rankings indicate a limited capacity for air transport infrastructure and services in the country, which may hinder its participation in global trade, tourism, and connectivity with other nations. Improving and expanding the air transport sector could enhance Equatorial Guinea's economic development and international relations.

Information Technology Infrastructure

For "Secure Internet servers", Equatorial Guinea has 47 servers which is significantly below the average of 458,294. Equatorial Guinea ranks 175 out of 193 countries in this aspect.

"Secure Internet servers (per 1 million people)" in Equatorial Guinea is 29.45, also substantially lower than the average of 14,067. Equatorial Guinea holds the 160th position out of 193 countries in this category.

Regarding "Individuals using the Internet (% of population)", Equatorial Guinea shows a rate of 53.84%, below the average of 64.77%. Equatorial Guinea ranks 123rd out of 180 countries in this metric.

Equatorial Guinea's 1,843 fixed broadband subscriptions fall significantly short of the average of 6,591,956. Equatorial Guinea ranks 177th out of 185 countries in fixed broadband subscriptions.

Equatorial Guinea's 744,081 mobile cellular subscriptions are far below the average of 42,526,463. Equatorial Guinea holds the 162nd position out of 193 countries concerning mobile cellular subscriptions.

Summary

Equatorial Guinea lags behind global averages in key indicators such as secure internet servers, internet usage, fixed broadband subscriptions, and mobile cellular subscriptions. These statistics highlight the country's digital infrastructure challenges, which are crucial for economic development, innovation, and connectivity in the modern globalized world.

Energy Consumption

Equatorial Guinea's renewable energy consumption stands at 6.97%, significantly below the average of 32.18%. The country ranks 154th out of 191 countries in this category.

Equatorial Guinea's CO2 emissions amount to 4350.4 kt, which is below the average of 171895.94 kt. The country ranks 133rd out of 188 countries in CO2 emissions.

Summary

Equatorial Guinea exhibits a low level of renewable energy consumption at 6.97%, well below the global average of 32.18%. Additionally, the country's CO2 emissions of 4350.4 kt are significantly lower than the average of 171895.94 kt. These statistics indicate that Equatorial Guinea has room for improvement in transitioning towards cleaner energy sources and managing carbon emissions more efficiently to align with global sustainability goals.

Government Balance Sheet

Equatorial Guinea's Total reserves minus gold amount to 60,833,004.02 USD, significantly lower than the attribute average of 74,221,588,171.61 USD. With this value, Equatorial Guinea is ranked 160 out of 161 countries in the dataset.

Equatorial Guinea's Total reserves (including gold) stand at 60,833,004.02 USD, also notably below the attribute average of 85,708,019,773.47 USD. In this aspect, the country holds the same rank of 160 out of 161 countries in the dataset.

Summary

Equatorial Guinea's total reserves, both with and without gold, are significantly lower than the global average, placing the country second to last out of 161 countries in the dataset. This indicates a potential vulnerability in Equatorial Guinea's financial stability and ability to weather economic shocks compared to other nations.

Government Revenue

Equatorial Guinea's revenue, excluding grants (% of GDP) stands at 14.35%, below the average of 27.02%. The country ranks 103 out of 122 countries in this attribute.

Grants and other revenue (% of revenue) in Equatorial Guinea is 44.27%, significantly above the average of 23.54%. This places the country at rank 16 out of 108 countries.

Equatorial Guinea's taxes on goods and services (% of revenue) are at 10.37%, below the average of 31.82%. The country is ranked 115 out of 122 countries in this aspect.

For taxes on international trade (% of revenue), Equatorial Guinea records 1.46%, which is below the average of 6.24%. The country ranks 76 out of 101 countries in this category.

Equatorial Guinea's other taxes (% of revenue) amount to 1.28%, below the average of 2.12%. The country ranks 48 out of 106 countries in this attribute.

Taxes on income, profits, and capital gains (% of revenue) in Equatorial Guinea stand at 42.63%, above the average of 24.66%. This places the country at rank 11 out of 119 countries.

Summary

Equatorial Guinea exhibits lower than average revenue excluding grants, taxes on goods and services, taxes on international trade, and other taxes; however, it shows higher than average grants and other revenue, and taxes on income, profits, and capital gains. These indicators suggest a heavy reliance on grants and non-tax revenue sources, while the tax revenue composition may need diversification to align with global averages for sustainable fiscal health and economic development.

Taxes

Equatorial Guinea has a Tax revenue (% of GDP) of 8.01%, which is below the average of 16.72%. This ranks Equatorial Guinea 117th out of 123 countries in the dataset.

For Taxes on exports (% of tax revenue), Equatorial Guinea has a value of 0.43%, significantly below the average of 2.54%. This places Equatorial Guinea in the 13th position out of 36 countries.

Equatorial Guinea's Customs and other import duties (% of tax revenue) stand at 2.18%, lower than the average of 9.01%. This ranks Equatorial Guinea 78th out of 99 countries.

Regarding Taxes on income, profits, and capital gains (% of total taxes), Equatorial Guinea has a high value of 76.49%, well above the average of 38.40%. This puts Equatorial Guinea in 3rd place out of 120 countries.

Summary

Equatorial Guinea has a relatively low tax revenue (% of GDP) compared to the global average, ranking 117th out of 123 countries. However, the country heavily relies on taxes on income, profits, and capital gains (% of total taxes), where it ranks 3rd internationally. These statistics indicate that Equatorial Guinea may need to diversify its sources of tax revenue to ensure sustainable economic development and reduce reliance on a single taxation category.

Government Expenses

Equatorial Guinea's Expense (% of GDP) is 12.25%, which is below the average of 31.69%. It ranks 117th out of 123 countries included in the data.

Compensation of employees (% of expense) in Equatorial Guinea stands at 27.96%, above the average of 24.70%. It ranks 50th out of 123 countries.

Equatorial Guinea's Goods and services expense (% of expense) is 35.24%, significantly higher than the average of 14.77%. It ranks 7th out of 122 countries.

Interest payments (% of expense) for Equatorial Guinea are 10.57%, above the average of 6.85%. It ranks 26th out of 121 countries.

Other expense (% of expense) in Equatorial Guinea is 18.76%, surpassing the average of 8.29%. It ranks 11th out of 120 countries.

Subsidies and other transfers (% of expense) for Equatorial Guinea are 7.48%, notably below the average of 43.29%. It ranks 119th out of 121 countries.

Summary

Equatorial Guinea has a relatively low Expense (% of GDP) at 12.25%, below the average, indicating efficient government spending. However, its Goods and services expense (% of expense) and Other expense (% of expense) are notably higher than average, suggesting a focus on infrastructure development and public services. The country's low Subsidies and other transfers (% of expense) could indicate a lack of social welfare programs or economic support for citizens.

These indicators are crucial as they provide insights into how Equatorial Guinea allocates its financial resources. The high rankings in Goods and services expense and Other expense signify a commitment to improving the country's infrastructure and public services, which could contribute to long-term economic development. However, the low ranking in Subsidies and other transfers raises questions about social welfare support and income distribution within the nation.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Total natural resources rents (% of GDP)	12/175
Oil rents (% of GDP)	9/117
Broad money to total reserves ratio	5/126
General government final consumption expenditure (% of GDP)	10/158
Taxes on income, profits and capital gains (% of revenue)	11/119
Taxes on income, profits and capital gains (% of total taxes)	3/120
Goods and services expense (% of expense)	7/122
Other expense (% of expense)	11/120

Ranks in Bottom Decile For:

Attribute	Rank/Total
Armed forces personnel, total	162/164
Armed forces personnel (% of total labor force)	154/164
Aquaculture production (metric tons)	165/180
Scientific and technical journal articles	189/192
Inflation, GDP deflator (annual %)	179/188
Broad money growth (annual %)	135/139
Broad money (% of GDP)	139/139
Secure Internet servers	175/193
Fixed broadband subscriptions	177/185
Total reserves minus gold (current US$)	160/161
Total reserves (includes gold, current US$)	160/161
Taxes on goods and services (% of revenue)	115/122
Tax revenue (% of GDP)	117/123
Expense (% of GDP)	117/123
Subsidies and other transfers (% of expense)	119/121