Equatorial Guinea's economy shrank in 2010 but 2011 saw growth of 7%. This upturn was sustained by renewed activity in the oil sector and public investment. Growth is expected to drop back to 4% in 2012 but gradually pick up again to 6.6% in 2013. These outcomes will depend on the world price of oil and gas staying high. The country is heavily dependent on oil, which contributes 78% to gross domestic product (GDP). Little progress has been made in diversifying the economy even though the government has substantial funds. Oil revenues should be put into services, agriculture and fisheries.