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Laboratoire de la finance africaine

Equatorial Guinea (CEMAC)

Preview 2018
Projected Real GDP Growth (% Change) : 4.1
GDP (current, USD Bn) : 13.40
Projected Consumer Prices (% Change) : 1.4
Country Population : 1.41 million
Economic performance and outlook

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%.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

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.