Information Center: Economy

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John R. Stewart, Jr.

Only Somalia ranks below Equatorial Guinea in the World Bank’s Statistical Capacity Indicators. International agencies report diverse and sometimes contradictory statistics on the country. The last national census, upon which many statistical indicators must be framed, is not convincing. Although the data are unreliable, there is general agreement that the socioeconomic situation of the population is poor and may even be getting worse despite rapid growth in national income. Social development must begin with the selection of the critical issues, and proceed through the formulation, implementation and evaluation of policies. Each phase requires credible, objective statistics. Efforts to improve the limited statistical base for Equatorial Guinea should take into account the unique situation of this society, which has a legacy of extreme underdevelopment and isolation, and a reign of terror that was arguably more intense than those in Cambodia or Rwanda. Added to this mix is the large current injection of petrodollars that is bringing rapid changes to a society that is not experienced in policy analysis and decision making. Equatorial Guinea might benefit from study of the progress in statistical capacity that has been made in its neighbor countries of Cameroon and Sao Tome and Principe. The World Bank
Statistical Capacity Indicators for these two countries have shown significant improvements in recent years.

EG Justice
Donna Cline
June 27, 2013

“Over $10 Billion Missing” in Equatorial Guinea: Lack of Transparency Means Illicit Outflows Will Continue.

International Monetary Fund
August 12, 2003

Report that includes discussions on the economic developments of Equatorial Guinea that were based on information dated before August 12, 2003, it expresses the opinion of staff members, no necessarily the views of the Executive Board of the IMF.

Atkinson, Andrew
November 18, 2010

Report that focuses on the economy, politics and social development of Equatorial Guinea. It describes the current government, how the economy is growing, the different sectors of the economy and the different social classes that exist in Equatorial Guinea.

Oil & Gas Journal
December 14, 1998

Article that discusses Equatorial Guinea's Ministry of Mines and Energy opening of a licensing round that includes all the country's offshore territory in more than 200 m of water.

Oil & Gas Journal
February 23, 1998

Atlantic Methanol Production Co.,let a $300 million contract to Raytheon Engineers & Constuctors to build a gas-based methanol plant on Equatorial Guinea's Bioko Island.

Leung, Rebecca
August 13, 2009

News article that discusses how the increases in gas pricing in 2008 and the constant conflict in the Middle East made the United States scour the globe searching for new sources of oil (Equatoral Guinea being one of them).

March 23, 2012

The Government of Equatorial Guinea and the Republic of Ghana agreed to cooperate in energy and agriculture at meetings in Bata, Equatorial Guinea's largest city and commercial capital, this week.

Schwarz, Leonard John

History of how cocoa was used as a trade product by the french market, explanation of how cocoa was taken from Equatorial Guinea to France.

EG Justice
May 13, 2013

The Africa Progress Panel released the 2013 Africa Progress Report, giving Equatorial Guinea poor scores in governance and human development.

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