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Equatorial Guinea gained independence in 1968 after 190 years of
Spanish rule. This tiny country, composed of a mainland portion plus
five inhabited islands, is one of the smallest on the African
continent. President Teodoro OBIANG NGUEMA MBASOGO has ruled the
country since 1979 when he seized power in a coup. Although
nominally a constitutional democracy since 1991, the 1996 and 2002
presidential elections - as well as the 1999 and 2004 legislative
elections - were widely seen as flawed. The president exerts almost
total control over the political system and has discouraged
political opposition. Equatorial Guinea has experienced rapid
economic growth due to the discovery of large offshore oil reserves,
and in the last decade has become Sub-Saharan Africa's third largest
oil exporter. Despite the country's economic windfall from oil
production resulting in a massive increase in government revenue in
recent years, there have been few improvements in the population's
living standards.
Western Africa, bordering the Bight of Biafra, between Cameroon and
Gabon
2 00 N, 10 00 E
total: 28,051 sq km
total: 539 km
296 km
territorial sea: 12 nm
tropical; always hot, humid
coastal plains rise to interior hills; islands are volcanic
lowest point: Atlantic Ocean 0 m
petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum,
sand and gravel, clay
arable land: 4.63%
violent windstorms, flash floods
tap water is not potable; deforestation
insular and continental regions widely separated
540,109 (July 2006 est.)
0-14 years: 41.7% (male 113,083/female 111,989)
total: 18.8 years
2.05% (2006 est.)
35.59 births/1,000 population (2006 est.)
15.06 deaths/1,000 population (2006 est.)
0 migrant(s)/1,000 population (2006 est.)
at birth: 1.03 male(s)/female
total: 89.21 deaths/1,000 live births
total population: 49.54 years
4.55 children born/woman (2006 est.)
3.4% (2001 est.)
5,900 (2001 est.)
370 (2001 est.)
degree of risk: very high
noun: Equatorial Guinean(s) or Equatoguinean(s)
Bioko (primarily Bubi, some Fernandinos), Rio Muni (primarily Fang),
Europeans less than 1,000, mostly Spanish
nominally Christian and predominantly Roman Catholic, pagan
practices
Spanish (official), French (official), pidgin English, Fang, Bubi,
Ibo
definition: age 15 and over can read and write
conventional long form: Republic of Equatorial Guinea
republic
Malabo
7 provinces (provincias, singular - provincia); Annobon, Bioko
Norte, Bioko Sur, Centro Sur, Kie-Ntem, Litoral, Wele-Nzas
12 October 1968 (from Spain)
Independence Day, 12 October (1968)
approved by national referendum 17 November 1991; amended January
1995
partly based on Spanish civil law and tribal custom
18 years of age; universal adult
unicameral House of People's Representatives or Camara de
Representantes del Pueblo (100 seats; members directly elected by
popular vote to serve five-year terms)
Supreme Tribunal
The discovery and exploitation of large oil reserves have
contributed to dramatic economic growth in recent years. Forestry,
farming, and fishing are also major components of GDP. Subsistence
farming predominates. Although pre-independence Equatorial Guinea
counted on cocoa production for hard currency earnings, the neglect
of the rural economy under successive regimes has diminished
potential for agriculture-led growth (the government has stated its
intention to reinvest some oil revenue into agriculture). A number
of aid programs sponsored by the World Bank and the IMF have been
cut off since 1993, because of corruption and mismanagement. No
longer eligible for concessional financing because of large oil
revenues, the government has been trying to agree on a "shadow"
fiscal management program with the World Bank and IMF. Businesses,
for the most part, are owned by government officials and their
family members. Undeveloped natural resources include titanium, iron
ore, manganese, uranium, and alluvial gold. Growth remained strong
in 2005, led by oil. Equatorial Guinea now has the second highest
per capita income in the world, after Luxembourg.
$25.69 billion (2005 est.)
$7.644 billion (2005 est.)
18.6% (2005 est.)
$50,200 (2005 est.)
agriculture: 2.4%
30% (1998 est.)
5% (2005 est.)
46.3% of GDP (2005 est.)
revenues: $1.973 billion
coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil
nuts; livestock; timber
petroleum, fishing, sawmilling, natural gas
30% (2002 est.)
29.43 million kWh (2003)
27.37 million kWh (2003)
420,000 bbl/day (2005 est.)
1,200 bbl/day (2003 est.)
563.5 million bbl (1 January 2002)
1.27 billion cu m (2003 est.)
1.27 billion cu m (2003 est.)
36.81 billion cu m (1 January 2002)
$1.364 billion (2005 est.)
$6.727 billion f.o.b. (2005 est.)
petroleum, methanol, timber, cocoa
US 29.1%, China 22.6%, Spain 15.9%, Taiwan 14.8%, Canada 6.8% (2004)
$1.864 billion f.o.b. (2005 est.)
petroleum sector equipment, other equipment
US 32.2%, Spain 16.5%, France 10.5%, UK 9.4%, Cote d'Ivoire 5.4%,
Italy 5.2% (2004)
$1.078 billion (2005 est.)
$248 million (2000 est.)
Communaute Financiere Africaine franc (XAF); note - responsible
authority is the Bank of the Central African States
calendar year
9,600 (2003)
55,500 (2004)
general assessment: poor system with adequate government
services
AM 0, FM 3, shortwave 5 (2002)
1 (2002)
.gq
18 (2005)
5,000 (2005)
4 (2005)
total: 3
total: 1
condensate 37 km; gas 39 km; liquid natural gas 4 km; oil 24 km
(2004)
total: 2,880 km (1999)
total: 2 ships (1000 GRT or over) 3,409 GRT/5,000 DWT
Malabo
Army, Navy, Air Force (2005)
in 2002, ICJ ruled on an equidistance settlement of
Cameroon-Equatorial Guinea-Nigeria maritime boundary in the Gulf of
Guinea, but a dispute between Equatorial Guinea and Cameroon over an
island at the mouth of the Ntem River, imprecisely defined maritime
coordinates in the ICJ decision, and the unresolved Bakasi
allocation contribute to the delay in implementation; UN has been
pressing Equatorial Guinea and Gabon to pledge to resolve the
sovereignty dispute over Gabon-occupied Mbane Island and create a
maritime boundary in the hydrocarbon-rich Corisco Bay |