Gross Domestic Product — Value Standard Local Currency in Equatorial Guinea
Equatorial Guinea: Gross Domestic Product — Value Standard Local Currency was 7.60 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Equatorial Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Equatorial Guinea recorded 7.60 million million SLC for gross domestic product — value standard local currency in 2024.
That represents a change of up 3.4% on the previous year and down 29.3% over ten years.
Over the whole period, gross domestic product — value standard local currency in Equatorial Guinea peaked at 11.43 million million SLC in 2012 and was at its lowest, 5,250 million SLC, in 1972.
Equatorial Guinea ranks 64th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Equatorial Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,797 million SLC | — |
| 1971 | 5,633 million SLC | -2.8% |
| 1972 | 5,250 million SLC | -6.8% |
| 1973 | 5,906 million SLC | +12.5% |
| 1974 | 6,781 million SLC | +14.8% |
| 1975 | 7,475 million SLC | +10.2% |
| 1976 | 8,658 million SLC | +15.8% |
| 1977 | 9,862 million SLC | +13.9% |
| 1978 | 10,257 million SLC | +4.0% |
| 1979 | 10,934 million SLC | +6.6% |
| 1980 | 11,759 million SLC | +7.5% |
| 1981 | 14,233 million SLC | +21.0% |
| 1982 | 20,426 million SLC | +43.5% |
| 1983 | 26,757 million SLC | +31.0% |
| 1984 | 30,808 million SLC | +15.1% |
| 1985 | 39,666 million SLC | +28.8% |
| 1986 | 38,767 million SLC | -2.3% |
| 1987 | 40,973 million SLC | +5.7% |
| 1988 | 44,544 million SLC | +8.7% |
| 1989 | 44,032 million SLC | -1.2% |
| 1990 | 46,212 million SLC | +5.0% |
| 1991 | 48,379 million SLC | +4.7% |
| 1992 | 53,590 million SLC | +10.8% |
| 1993 | 56,566 million SLC | +5.6% |
| 1994 | 91,674 million SLC | +62.1% |
| 1995 | 107,481 million SLC | +17.2% |
| 1996 | 174,029 million SLC | +61.9% |
| 1997 | 381,503 million SLC | +119.2% |
| 1998 | 323,319 million SLC | -15.3% |
| 1999 | 564,654 million SLC | +74.6% |
| 2000 | 1.08 million million SLC | +90.5% |
| 2001 | 1.62 million million SLC | +50.4% |
| 2002 | 1.89 million million SLC | +17.0% |
| 2003 | 2.15 million million SLC | +13.5% |
| 2004 | 2.97 million million SLC | +38.2% |
| 2005 | 4.49 million million SLC | +51.3% |
| 2006 | 5.27 million million SLC | +17.4% |
| 2007 | 6.26 million million SLC | +18.8% |
| 2008 | 8.84 million million SLC | +41.2% |
| 2009 | 7.10 million million SLC | -19.8% |
| 2010 | 8.07 million million SLC | +13.8% |
| 2011 | 10.06 million million SLC | +24.7% |
| 2012 | 11.43 million million SLC | +13.6% |
| 2013 | 10.84 million million SLC | -5.2% |
| 2014 | 10.75 million million SLC | -0.9% |
| 2015 | 7.80 million million SLC | -27.5% |
| 2016 | 6.66 million million SLC | -14.5% |
| 2017 | 7.08 million million SLC | +6.4% |
| 2018 | 7.27 million million SLC | +2.7% |
| 2019 | 6.66 million million SLC | -8.5% |
| 2020 | 5.69 million million SLC | -14.5% |
| 2021 | 6.77 million million SLC | +19.0% |
| 2022 | 8.41 million million SLC | +24.2% |
| 2023 | 7.35 million million SLC | -12.6% |
| 2024 | 7.60 million million SLC | +3.4% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 7.60 million million SLC is above the median for upper middle income countries, which is 913,929 million SLC, 8.3× the median. (54 countries reporting)
- Equatorial Guinea's 7.60 million million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 86% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency in Equatorial Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +119.2% | 174,029 million SLC | 381,503 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,655 million SLC | 5,250 million SLC | 10,934 million SLC | 10 |
| 1980s | 31,197 million SLC | 11,759 million SLC | 44,544 million SLC | 10 |
| 1990s | 184,741 million SLC | 46,212 million SLC | 564,654 million SLC | 10 |
| 2000s | 4.17 million million SLC | 1.08 million million SLC | 8.84 million million SLC | 10 |
| 2010s | 8.66 million million SLC | 6.66 million million SLC | 11.43 million million SLC | 10 |
| 2020s | 7.17 million million SLC | 5.69 million million SLC | 8.41 million million SLC | 5 |
Countries ranked near Equatorial Guinea
More economy & growth data for Equatorial Guinea
- Foreign direct investment, net outflows (BoP, current US$), gaps 153.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0116 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.26 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 188.01 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 32.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 99.34 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -30.01 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0812 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 568.98 includes gold, current US$ per person (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in Equatorial Guinea?
- Gross domestic product — value standard local currency in Equatorial Guinea was 7.60 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Equatorial Guinea?
- The highest recorded value was 11.43 million million SLC in 2012.
- What is the lowest gross domestic product — value standard local currency recorded in Equatorial Guinea?
- The lowest recorded value was 5,250 million SLC in 1972.
- How does Equatorial Guinea rank for gross domestic product — value standard local currency?
- Equatorial Guinea ranks 64th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Equatorial Guinea?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).