Equatorial Guinea has a traditional economic system in which the allocation of available resources is made on the basis of primitive methods, and many citizens engage in subsistence agriculture. Equatorial Guinea is a member of the Economic Community of Central African States (ECCAS).
Is Equatorial Guinea a high income country?
The African Union’s (AU) discussions about poverty have never focused on Equatorial Guinea, a small but oil-rich country boasting the highest per capita income on the continent.
What type of government is Equatorial Guinea?
Republic
DictatorshipUnitary statePresidential systemOne-party state
Equatorial Guinea/Government
Equatorial Guinea is nominally a multiparty constitutional republic. Since a military coup in 1979, President Teodoro Obiang Nguema Mbasogo has dominated all branches of government in collaboration with his clan and political party, the Democratic Party of Equatorial Guinea (PDGE), which he founded in 1991.
Is there an economic crisis in Equatorial Guinea?
Equatorial Guinea’s external debt remains low at around 11.1% of GDP in 2019. However, significant domestic arrears have accumulated since the onset of the commodities crisis, resulting in a public debt-to-GDP ratio of 41.1% in 2019, up from 12.6% in 2014. That should fall to 48.7% of GDP in 2025.
What is the culture of Equatorial Guinea?
Equatorial Guinea is a country where mingle modernity and traditions. Despite a veneer of Spanish culture and of Roman Catholic religion that is thicker in Bioko than on the mainland, many Equatorial Guineans live according to ancient customs, which have undergone a revival since independence.
What is the most popular food in Equatorial Guinea?
The staple foods in Equatorial Guinea include cassava, bananas, rice and yam with chicken, meat (often locally hunted game) or fish. Popular national dishes include chicken served in cream sauce with boiled plantain, grilled fish cooked with pumpkin seeds and served in leaves, and guinea fowl paella.
