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Country name:

conventional long form: Republic of Equatorial Guinea
conventional short form: Equatorial Guinea
local long form: Republica de Guinea Ecuatorial
local short form: Guinea Ecuatorial
former: Spanish Guinea

 

Description:

Equatorial Guinea is bordered to the south and east by Gabon, to the north by Cameroon and to the west by the Gulf of Guinea. The country also comprises the island of Bioko, formerly Fernando Po, 34km (21 miles) off the coast of Cameroon, and the small offshore islands of Corisco, Great Elobey, Small Elobey and Annobón (formerly Pagalu). The mainland province, Rió Muni, is mainly forest, with plantations on the coastal plain and some mountains. Bioko rises steeply to two main peaks in the north and south. The southern area is rugged and inaccessible. Cultivation and settlements exist on the other slopes; above the farming land, the forest is thick. The beaches around the islands are extremely beautiful
 

 

Capital:

Malabo. Population: 95,000 (UN estimate 2003).

 

Location:

Western Africa, bordering the Bight of Biafra, between Cameroon and Gabon

 

Area:

 28,051 sq km (10,831 sq miles).

 

Map of Equatorial Guinea

Population:

616,459 (2008 estimate).

 

language:
Spanish and French are the official languages. The main African dialects spoken are Fang and Bubi (which is common on Bioko).

 

Economy - overview:

During the 1990s, the development of the country's oil and gas reserves (which now account for about a quarter of GDP) produced spectacular economic growth (up to 20% annually) that has persisted at a steady rate. Equatorial Guinea has also confirmed deposits of gold, uranium, iron ore, tantalum and manganese.
Intervention by the IMF in the mid 1990s has led to restructuring of the public and financial sectors. A long legacy of maladministration, corruption (the country's largest companies are still largely owned by members of the ruling family) and the lack of even the most basic services has hampered development.
http://www.worldtravelguide.net/country/83/business/Africa/Equatorial-Guinea.html

Economy:

During the 1990s, the development of the country's oil and gas reserves (which now account for about a quarter of GDP) produced spectacular economic growth (up to 20% annually) that has persisted at a steady rate. Equatorial Guinea has also confirmed deposits of gold, uranium, iron ore, tantalum and manganese.
Intervention by the IMF in the mid 1990s has led to restructuring of the public and financial sectors. A long legacy of maladministration, corruption (the country's largest companies are still largely owned by members of the ruling family) and the lack of even the most basic services has hampered development.
http://www.worldtravelguide.net/country/83/business/Africa/Equatorial-Guinea.html

 

 

Industries:

petroleum, fishing, sawmilling, natural gas

 

Exports:

Petroleum, methanol, timber, coffee, cocoa, bananas and spices.

• Main trade partners: Cameroon, Canada, China and Côte d'Ivoire.

Imports:

Petroleum sector equipment and other equipment.

Exchange rates:
 


GDP :

US$10.4 billion (2007).

 

Guinea

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  Copyright By :  Kish Trade Promotion Center  2002