A flawed Democracy, Equatorial Guinea gained independence from Spain in 1960. Current President Obiang has been in power since 1979 and maintains almost complete political power. Since the discovery of off-shore oil deposits, Equatorial Guinea has become the third largest oil exporter in Sub-Saharan Africa. Thanks to this discovery, Equatorial Guinea’s economy has grown significantly.

• Country Profile
  • Land Mass/Major Cities Equatorial Guinea is a coastal nation situated between Cameroon and Gabon. Its capital city is Malabo.
  • Languages – Spanish (official), other
• Business Activity
  • Agriculture – Bananas, cassava, cocoa, coffee, livestock, palm oil nuts, rice, timber, and yams
  • Industries – Natural gas, petroleum, and sawmilling
  • Natural Resources – Bauxite, clay, diamonds, gold, natural gas, petroleum, sand and gravel, tantalum, and timber
  • Exports – Petroleum products and timber
  • Imports – Construction materials, petroleum sector equipment, and vehicles
  • Major Trading Partners – Brazil, China, Cote d’Ivoire, France, India, Netherlands, South Africa, South Korea, Spain, the United Kingdom, and the United States

Source: CIA. (2017). The World Factbook: Equatorial Guinea. CIA. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/geos/ek.html