Equatorial Guinea, with a population of about 1.5 million and a GDP of approximately $12 billion in 2023, is a key player in Central Africa’s economy, largely due to its oil sector. The per capita income is around $7,500.
The country’s economy relies heavily on oil and gas exports, which make up the majority of its revenue. Recent efforts aim to diversify the economy, with investments in infrastructure, mining, and agriculture. Foreign direct investment (FDI) opportunities exist in these sectors, although challenges related to governance and economic diversification remain.