Compare Equatorial Guinea (2007) - Equatorial Guinea (2008)

Compare Equatorial Guinea (2007) z Equatorial Guinea (2008)

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	Equatorial Guinea (2007)	Equatorial Guinea (2008)

Budget	revenues: $3.546 billion expenditures: $1.516 billion (2006 est.)	revenues: $4.849 billion expenditures: $2.481 billion (2007 est.)
Debt - external	$229 million (2006 est.)	$288 million (31 December 2007 est.)
Economic aid - recipient	$NA (2005)	$39 million (2005)
Economy - overview	The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993, because of corruption and mismanagement. No longer eligible for concessional financing because of large oil revenues, the government has been trying to agree on a "shadow" fiscal management program with the World Bank and IMF. Government officials and their family members own most businesses. Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. Growth remained strong in 2006, led by oil. Equatorial Guinea now has the fourth highest per capita income in the world, after Luxembourg, Bermuda, and Jersey.	The discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993, because of corruption and mismanagement. No longer eligible for concessional financing because of large oil revenues, the government has been trying to agree on a "shadow" fiscal management program with the World Bank and IMF. Government officials and their family members own most businesses. Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. Growth remained strong in 2007, led by oil. Equatorial Guinea now has the fourth highest per capita income in the world, after Luxembourg, Bermuda, and Jersey.
Exchange rates	Communaute Financiere Africaine francs (XAF) per US dollar - 522.4 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)	Communaute Financiere Africaine francs (XAF) per US dollar - 481.83 (2007), 522.4 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003)
Exports	NA bbl/day	371,700 bbl/day (2004)
Exports - partners	China 30.9%, US 22.3%, Spain 12.7%, Taiwan 10.6%, Portugal 6.1% (2006)	China 30.9%, US 22.2%, Spain 12.6%, Taiwan 10.6%, Portugal 6.1% (2006)
GDP - composition by sector	agriculture: 3.1% industry: 92% services: 4.8% (2006 est.)	agriculture: 2.8% industry: 92.5% services: 4.6% (2007 est.)
GDP - real growth rate	18.6% (2005 est.)	12.7% (2007 est.)
Imports	NA bbl/day	1,026 bbl/day (2004)
Imports - partners	US 37.8%, Spain 9.5%, Cote d'Ivoire 7.9%, France 6.1%, South Korea 6.1%, UK 5.8%, Italy 5% (2006)	US 37.7%, Spain 9.8%, Cote d'Ivoire 7.9%, France 6.1%, South Korea 6.1%, UK 5.8%, Italy 5% (2006)
Industrial production growth rate	30% (2002 est.)	14.1% (2007 est.)
Inflation rate (consumer prices)	5% (2006 est.)	5.5% (2007 est.)
Military branches	National Guard (Army, with Coast Guard (Navy) and Air Wing) (2007)	National Guard (Guardia Nacional (Army), with Coast Guard (Navy) and Air Wing) (2008)
Pipelines	condensate 46 km; condensate/gas 5 km; gas 47 km; oil 31 km (2006)	condensate 42 km; condensate/gas 5 km; gas 80 km; oil 54 km (2007)
Political parties and leaders	Convergence Party for Social Democracy or CPDS [Placido MIKO Abogo]; Democratic Party for Equatorial Guinea or PDGE (ruling party) [Teodoro OBIANG NGUEMA MBASOGO]; Party for Progress of Equatorial Guinea or PPGE [Severo MOTO]; Popular Action of Equatorial Guinea or APGE [Miguel Esono EMAN]; Popular Union or UP	Convergence Party for Social Democracy or CPDS [Placido MICO Abogo]; Democratic Party for Equatorial Guinea or PDGE (ruling party) [Teodoro OBIANG NGUEMA MBASOGO]; Party for Progress of Equatorial Guinea or PPGE [Severo MOTO]; Popular Action of Equatorial Guinea or APGE [Avelino MOCACHE]; Popular Union or UP

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