The Gross Domestic Product (GDP) in Equatorial Guinea contracted 7.90 percent in 2018 from the previous year.

GDP Annual Growth Rate in Equatorial Guinea averaged 11.53 percent from 1986 until 2018, reaching an all time high of 95.26 percent in 1997 and a record low of -9.10 percent in 2015. This page provides - Equatorial Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Equatorial Guinea is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Equatorial Guinea GDP Annual Growth Rate is projected to trend around -2.40 percent in 2020, according to our econometric models.

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Equatorial Guinea GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-7.90 -2.90 95.26 -9.10 1986 - 2018 percent Yearly

Equatorial Guinea GDP Annual Growth Rate
Despite its small size, Equatorial Guinea is the third largest oil exporter in sub-Saharan Africa. The country has vast resource of gas and timber but does not manufacture anything. The petroleum sector accounted for 85 percent of GDP and more than 94 percent of exports. Other sectors are construction (7 percent of GDP in 2015), agriculture, forestry and fisheries (2 percent of GDP), and trade (1.6 percent).