This dataset contains tax revenue collected by Equatorial Guinea. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income, property, sales, etc.
This dataset contains tax revenue collected by Equatorial Guinea. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income, property, sales, etc.
This dataset contains tax revenue collected by Equatorial Guinea. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income, property, sales, etc.
Equatorial Guinea: Stock of Total External Debt (percentage of GDP) and Debt Service (percentage of exports of goods and services) appears in African Economic Outlook 2009.
Equatorial Guinea: Real GDP Growth and Per Capita GDP (USD/PPP at current prices) appears in African Economic Outlook 2009.
Equatorial Guinea: Public Finances (percentage of GDP at current prices) appears in African Economic Outlook 2009.
Equatorial Guinea: GDP by Sector in 2007 (percentage) appears in African Economic Outlook 2009.
Equatorial Guinea: Current Account (percentage of GDP at current prices) appears in African Economic Outlook 2009.
This dataset contains tax revenue collected by Equatorial Guinea. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income, property, sales, etc.
Growth in Equatorial Guinea’s gross domestic product (GDP) is estimated to have fallen back to 5.5% in 2012 from 7.7% in 2011 because of a fall in production at the Ceiba- Okouméhed oil complex, which had reached its peak. The fall was partially offset by the exploitation of new fields in Aseng. The main drivers for growth were oil and gas, with manufactured products, services and construction providing a smaller contribution.
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.
Equatorial Guinea's economy experienced growth of 1.2% of GDP in 2010 as a result of the fall of oil output and the main oil-producing fields reaching their maturity. The economy has been on a downward trend since 2004, when real GDP growth peaked at 38%. 2010 experienced one of the lowest growth rates since oil exploitation of hydrocarbons began in the mid-1990s. It is expected to recover and return to high growth rates of 5.0% and 7.5% in 2011 and 2012. Despite lower outputs from the oil industry, growth will be sustained by the international demand for hydrocarbons and the construction of major infrastructure projects, including those for the hydrocarbon industry.
Equatorial Guinea has been one of the fastest growing economies in the world since large-scale commercial exploitation of oil began in the 1990s. It remains one of Africa’s fastest growing economies and also one of the main destinations of foreign investment. However, the country experienced an economic slowdown in 2009, posting a gross domestic product (GDP) growth rate of 1.9%, compared with 11.3% in 2008. ?e decline was due to a fall in oil prices and oil production in the wake of the global recession. ?is also caused the share of the hydrocarbons sector to fall from 77% of GDP in 2008 to around 61% in 2009, although it remains the main sector of the economy. After a recession in 2010, the economy is expected to recover gradually and return to positive growth of 2.7% in 2011. ?e fall in oil revenues has had a major adverse effect on the government budget with the budget surplus falling by 16 percentage points to 6.9% of GDP in 2009. It is projected to rise to 14.4% of GDP in 2010 and further to 17.7% in 2011. In contrast, the current account surplus rose to 8.3% of GDP in 2009, compared with 3.7% in 2008. It is projected to rise to 17.3% in 2010 and further to 19.7% in 2011. Inflation was 5.5% in 2009 and is forecast to fall to 2.4% in 2010. Equatorial Guinea faces no debt problems thanks to its large budget surpluses and external reserves. External debt at the end 2009 was only 1% of GDP and is forecast to fall to 0.7% in 2011.
The Constitution of Equatorial Guinea provides for equal rights for men and women. The country has a dual legal system based on both civil law and customary law, which creates obstacles to the advancement of women’s place in society. National legislation contains non-discrimination provisions but these laws are rarely enforced.
EQUATORIALGUINEA’S ECONOMY maintained a high level of activity in 2008, with a rate of real gross domestic product (GDP) growth estimated at 9.9 per cent. Growth was driven by increased crude oil and gas production in a favourable global environment. The oil sector dominates the country’s economy and attracts a large share of foreign direct investment by major oil companies. The growth rate is projected to be moderate in 2009 (3.7 per cent) and 2010 (2.9 per cent).
THE STRENGTH OF EQUATORIAL GUINEA’S economic growth was confirmed in 2007, with real GDP growth of 9.8 per cent compared with 5.3 per cent in 2006. The boost to the country’s economy is due mainly to improved oil and gas production and the buoyancy of public infrastructure-construction works. This was accompanied by continuous improvement in the performance of the construction sector, banking services, telecommunications, tourism and wood processing.