Equatorial Guinea

Equatorial Guinea became one of sub-Saharan Africa's richest countries per capita after major offshore oil discoveries in the 1990s, but the wealth is concentrated among the ruling elite while most citizens remain poor.

Oil and gas overwhelmingly dominate the economy, and with production declining, the long-ruling government faces pressure to diversify a deeply unequal economy.

Key Sectors

The economy is almost entirely based on oil and natural gas, with timber and subsistence agriculture far behind; little of the petroleum wealth has reached the broader population.