Equatorial Guinea continues to struggle to emerge from the economic recession caused by the 2014 slump in oil prices. Real GDP is estimated to have shrunk by 4.1% in 2019 after a contraction of 6.1% in 2018 due to less activity in the oil sector. The inflation rate remains low, at 1.4% in 2019 versus 1.3% in 2018, below the CEMAC target of 3%.
In the end of 2019, the banking sector of Equatorial Guinea (member of the CEMAC) represented a total asset of $ 1.5 billion.
Credit distributed to private sector in 2019 represents $ 1.5 billion.