In 2021, Equatorial Guinea's GDP growth rebounded to 1.4 percent after contracting by 4.9 percent in 2020. Inflation of 2.1 percent in 2021 is below the CEMAC criterion of 3 percent, after 4.8 percent in 2020. After the resumption of mining in 2021, the current account deficit has narrowed to 3.6 percent of GDP from 6.3 percent in 2020. Since 2016, foreign exchange reserves have fallen to less than one month of imports, below the 3 months recommended by the BEAC. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Equatorial Guinea is a member of the Economic and Monetary Community of Central Africa (CEMAC) and a member of the Central African Stock Exchange (BVMAC), a stock exchange common to all six (6) countries of the union. At the end of December 2022, BVMAC had 6 listed companies representing a market capitalization of $0.1 billion. Foreign direct investment flows to Equatorial Guinea have grown successively during the 2017-2020 period. In 2021, its flows contracted by 7% and amounted to $491.1 million.
