Equatorial Guinea Business

GDP: US$10.4 billion (2007).
Main imports: Petroleum sector equipment and other equipment.
Main exports: Petroleum, methanol, timber, coffee, cocoa, bananas and spices.
Main trade partners: Cameroon, Canada, China and Côte d'Ivoire.

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.

Business Etiquette

Business tends to be conducted in Spanish; few speak English or French.

Business Contacts

Cámara de Comercio
Agrícola y Forestal de Malabo, Avenida de la Independencia 43, Apartado Postal 51, Bioko, Equatorial Guinea
Tel: (9) 2343.
Need some holiday inspiration?
Tired of the same holiday destination?
Fresh ideas are just one click away...
Sign up for our newsletter
Be the first to hear about the coolest destinations and the latest travel trends. Plus, competitions, holiday inspiration and amusing facts, delivered directly to your inbox. Sign up for our newsletter
Advertisement

Travel Deals

Advertising features
Travel Partners
Advertisement
Advertisement
Advertisement
Spot the holiday killer - Protect yourself from malaria. Before you travel, find out if your holiday destination is in a malaria zone.

Quick links