equatorial guinea per capita income

GDP per Capita in Equatorial Guinea (with a population of 1,262,002 people) was $11,339 in 2017, a decrease of $1,046 from $12,385 in 2016; this represents a change of -8.4% in GDP per capita. About 75% of the population live below the poverty threshold and get no benefit from the oil economy. Equatorial Guinea has been the fastest -rowing economy in Africa over the past 15 years and one of the fastest growing in the world. In 1994, Equatorial Guinea owed $290.6 million, then being serviced at $22.3 million. Equatorial Guinea. Equatorial Guinea - Gross national income per capita in current prices. Equatorial Guinea had the second h ighest total an nual renewable freshwater per capita among the 20 countries in sub-Sahara n Africa for which data were available (Table 2 ). GDP per capita, PPP (current international $) Search glossaries Source: ... (excluding high income) East Asia & Pacific (IDA & IBRD) Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Euro area Europe & Central Asia Europe & Central Asia (excluding high income) Europe & … Equatorial Guinea graduated based on the income-only criterion. The GDP per Capita in Guinea is equivalent to 8 … World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. It ranks 43rd in the world for gross domestic product per capita. * Data from the 2018 triennial review. Graph and download economic data for Gross Domestic Product Per Capita for Equatorial Guinea (PCAGDPGQA646NWDB) from 1962 to 2020 about Equatorial Guinea, per capita, and GDP. In 2019, GNI per capita for Equatorial Guinea was 7,094 US dollars. There is one simple explanation for this transformation – the discovery of substantial offshore oil and gas reserves. Though Equatorial Guinea GNI per capita fluctuated substantially in recent years, it tended to increase through 1970 - 2019 period ending at 7,094 US dollars in 2019. The country’s per capita gross national income was $21,056 in 2014, giving Equatorial Guinea the biggest difference between per capita wealth and human development score in the world. MALABO — Equatorial Guinea has the highest level of per capita income in Sub-Saharan Africa at $22,300 per year. Name of affiliate company: Guinebega, S.A. Population (X000): 740 Capital: Malabo Per capita income: $31.800 Languages: Spanish, French, local languages. KOCHI, KERALA, 29/11/2006: Per capita consumption of rice in the country is reportedly declining owing to rising income and rapid urbanization. 1.588 (x000) unit cases. On the surface, it would seem that Equatorial Guinea is a booming country, rich in resources and high in potential. However, the particularities are far bleaker. According to the World Bank, 76.8 percent of the population lives in poverty. As of 2014, 90 percent of the country’s GDP was... GNI per capita, PPP (current international $) - Equatorial Guinea, Lower middle income from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). In 2005, Equatorial Guinea was the third largest producer of oil in Sub-Saharan Africa at 376,000 barrels per day. However, when Equatorial Guinea applied to extend the deadline for completing EITI validation, the EITI Board did not agree to the extension. 1.588 (x000) unit cases. The per capita gross national income is $21,056, which, according to the Human Rights Watch, is the highest in Africa. Though rising rice production has caused price to fall, the growth in rice stands at 1.1 per cent when actual requirement was 2.2 per cent due to rising population, according to ICAR. Equatorial Guinea has a land mass of 28,051 km 2 and had a population of approximately 1.4 million in 2019. The majority of its small population lives in abject poverty. For the same year, Equatorial Guinea exported $66.1 million in goods and services and imported $85.6 million. Equatorial Guinea - Gross national income per capita in current prices. Few basic services and malnutrition: In 2011 it was found that about half of Equatorial Guinea’s population had access to clean water. Equatorial Guinea has the characteristics of a low income country while having one of the highest per capita GDPs in Africa. Currently Equatorial Guinea is the richest country in Africa with a per capita income of 34865. For example, Equatorial Guinea’s Exports rank is higher than 37.63% of the countries in the dataset. From 2010 to 2020, between 25 000 and 49 000 young Transition graphs on "GDP per capita growth rate (annualized)" in Equatorial Guinea and comparison bar charts (USA vs. China vs. Japan vs. Equatorial Guinea), (Trinidad vs. Tobago vs. Estonia vs. Equatorial Guinea) are used for easy understanding. Equatorial Guinea is one of the major oil producers in Sub-Saharan Africa, producing approximately 360,000 barrels per day (2004). Gross national income per capita 2018, Atlas method and PPP Purchasing Atlas power parity methodology (international Equatorial Guinea - This is a small-sized country in Central Africa with about 1.3mn people. 38.459 (2016) Adolescent birth rate per 1,000 women aged 15-19. In this article, we’ll explore the median income around the world. #2) Equatorial Guinea – Second Wealthiest African nation. 11. Image credit: Alarico/Shutterstock.com. While there is a per capita GDP of $30,000, the Human Development Index ranks Equatorial Guinea 121 out of 177 countries. Equatorial Guinea: Many of us want an overview of how much energy our country consumes, where it comes from, and if we’re making progress on decarbonizing our energy mix. From 2010 to 2020, between 25 000 and 49 000 young Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Here's it's ranking in Gdp Per capita PPP But when it's HDI is compared with that of the preceding 3 countries, things get quite grim. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. GDP per capita (2017 PPP $) n.a. Address. It is one of the smallest countries in Africa and is bordered by Cameroon, Gabon, the Gulf of Guinea, and Sao Tome and ... Income Level (by per capita GNI): High Income Level of Development: Developing GDP, … Equatorial Guinea’s exports of oil and gas rose substantially in 2007. , Jul 1, 2021. Definition: GNI per capita based on purchasing power parity (PPP). Equatorial Guinea’s per capita income of $26,000 along with 76.8% of the country in poverty is exemplary of institutional inequalities that foster conditions for extreme poverty. Equatorial Guinea. Gross domestic product (GDP), total (2017 PPP $ billions) n.a. Equatorial Guinea Doing Business 2020 Equatorial Guinea Page 1. Economy of Equatorial Guinea. Over the past 36 years, the value for this indicator has fluctuated between 14,250.00 in 2008 and 130.00 in 1982. HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. The human rights in Equatorial Guinea are influenced significantly by a nearly omnipotent government. The energy export sector is responsible for this rapid growth. According to Human Rights Watch, Equatorial Guinea has “by far the world’s largest gap between per capita wealth and human development score.”6 The Human Development Index score for Equatorial Guinea for 2016 was 0.592, and the country ranked 135 out of 188 countries.7 As of 2006, the poverty There is an acute youth unemployment problem. Inflation remained very low in 2016, down from an average of 4% in 2014. Teodoro Nguema Obiang Mangue, Equatorial Guinea’s vice-president and son of the head of state, is no stranger to controversy. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. GDP per capita, PPP (current international $) - Equatorial Guinea, High income from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Inflation remained very low in 2016, down from an average of 4% in 2014. Currently Equatorial Guinea is the richest country in Africa with a per capita income of 34865. SEATTLE — Equatorial Guinea, one of the smallest nations in Africa with a population of roughly 900,000 people, has the highest GDP per capita income on the continent. Development and trading partners and the UN system support the implementation of the smooth transition strategy. Find Out Socioeconomic classification. Above-ground biomass in forest per hectare. And rather than second, as in the nominal GDP, in this assessment Norway comes fourth, at $46,300 USD. B.P. Non-Annex I Emissions. Equatorial Guinea’s real GDP growth has been weak in recent years, averaging -0.5% per year from 2010 to 2014, because of a declining hydrocarbon sector. Despite this, income and day-to-day life for many Equatorial Guineans has improved little, due to the endemic corruption siphoning off oil revenue into the hands of a … Equatorial Guinea ranked first for GDP > per capita > PPP amongst Former Spanish colonies in 2012. 0 Number of plants . As a middle income country, Equatorial Guinea is now ineligible for most low-income World Bank and the IMF funding. Estimated gross national income per capita, male (2017 PPP $) n.a. Since the discovery of oil, Equatorial Guinea has—at least on paper—one of the highest per-capita incomes on the planet. About 75% of the population live below the poverty threshold and get no benefit from the oil economy. 11. Even though Equatorial Guinea is one of the wealthiest countries in Africa, with GDP per capita estimated at more than US$2,000 in 1999, the bulk of the citizenry lives in poverty. Graph and download economic data for Gross Domestic Product Per Capita for Equatorial Guinea (PCAGDPGQA646NWDB) from 1962 to 2020 about Equatorial Guinea, per capita, and GDP. By the time the world prevailed upon Spain to decolonize, the country had the best medical services, the lowest death rate, and the second-highest per capita income of any sub-Saharan African country. This data is based on self-reported data that was gathered between 2006 and 2012. 060 K 5 Carretera de Aeropuerto S/n There is an acute youth unemployment problem. The Spanish also helped Equatorial Guinea achieve one of the continent's highest literacy rates and developed a good network of health care facilities. This page provides the data for your chosen country across all of the key metrics on this topic. Oil and gas exports will drive the economy for years to come. Equatorial Guinea’s economic freedom score is 49.2, making its economy the 163rd freest in the 2021 Index. fisheries catches for Equatorial Guinea from 1950 to 2010 using per capita fish consumption and population numbers for small-scale fisheries, catch rates and number of vessels for industrial fisheries and discard rates to estimate the discarded bycatch. Guinea GDP per capita The Gross Domestic Product per capita in Guinea was last recorded at 959.98 US dollars in 2020. According to Human Rights Watch, Equatorial Guinea has “by far the world’s largest gap between per capita wealth and human development score.”6 The Human Development Index score for Equatorial Guinea for 2016 was 0.592, and the country ranked 135 out of 188 countries.7 As of 2006, the poverty Per capita income grew at 1.6% per year over the period 1985-94. Africa Equatorial Guinea 0 500 1000 1500 2000 2500 3000 3500 Figure 2- GDP Per Capita in Equatorial Guinea and in Africa ($ current) Source: Authors’ estimates based on IMF data. The first section is devoted to emissions based on the production of goods and services within each country (also known as territorial-based emissions). Third is the United Arab Emirates, at $49,700 USD. Equatorial Guinea - GNI per capita, Atlas method (current US$) The latest value for GNI per capita, Atlas method (current US$) in Equatorial Guinea was 6,840.00 as of 2018. Region: Sub-Saharan Africa. B.P. 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