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EQUATORIAL GUINEA Tenders




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Capital Malabo
ISO 3166 Code GQ
Population 1,430,000
Area, Sq KM 28,051
Currency Equatorial Guinean peseta
Official Language Spanish, French, Portuguese
GDP, Billion USD 17,697
GDP Growth Rate, % -2.5
Inflation, Avg CP, % Chng 2.95
Interest Rates, % N/A
Unemployement Rate, % N/A
Exchange Rate, 1 USD Equals NA
International dial code 240
Time Zone GMT+01:00
Internet TLD .gq

Equatorial Guinea is officially known as the Republic of Equatorial Guinea. It is located in Central Africa, and covers an area of 28,000 square kilometers. Formerly the colony of Spanish Guinea, the post-independence name of the country has evoked its location near both the Gulf of Guinea and the Equator. Equatorial Guinea is considered as the only sovereign African state where the official language I Spanish. As of 2012, the population of the country was estimated to be approximately 1.6 million. Equatorial Guinea comprises mainly of two parts, a mainland region and an insular. Bata is known to be the Equatorial Guinea's largest city and Oyala is the planned future capital of the country. One of the worst human rights records in the world is held by the authoritarian regime ruling the country. Equatorial Guinea is consistently ranked among the "worst of the worst" as per the Freedom House's annual survey of civil as well as political rights. One of the significant problems that the country faces is human trafficking and the country is also considered a destination for forced labour and sex trafficking for women and children. Equatorial Guinea is a "Tier 3" country. The country is a member of the CPLP, African Union and Francophonie. Since the mid-1990s, Equatorial Guinea has managed to become one of largest oil producers in sub-Saharan Africa's and has a population of almost two million. Equatorial Guinea is the richest country per capita in Africa. As per the country’s GDP per capita, it ranks, 69th in the world. However the income inequality is quite predominant in the region and only a few people have benefited from the oil riches. As of 2014 Human Development Index of UN’s, this country holds a 144th rank. The UN claims that a lot of people do not have access to clean drinking water and often children die before even turning five. Farming, forestry and fishing are known to play an essential role in the country’s economy. Apart from that in 1996, large reserves of oil have been discovered which increased the government revenue significantly. Two years ago the country’s oil production increased up to 360,000 barrels per day. As per the reports of the World Bank, the country’s Gross National Income per capita is highest than any other Sub-Saharan country. The country has three airports out of which only one is an international airport. It is difficult to travel to this country via plane so opting for water routes, car, bus are the safest options.

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