Source: world bank Nominal/PPP
Summary:
Equatorial Guinea GDP Per Capita expanded from 1962 to 2024, increasing from $0.04 to $12.77 .The compound annual growth rate (CAGR) averaged 9.75% over the period. The economy recorded its peak level in 2012 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 60%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Equatorial Guinea Economic Phases (1962 - 2024)
From 1962 to 2024, Equatorial Guinea economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1966) indicating robust economic expansion
- Contraction (1968–1971) indicating temporary slowdown
- High Growth (1973–1975) indicating robust economic expansion
- Expansion (1977–1979) indicating steady moderate growth
- Crisis (1980–1981) indicating severe economic downturn
- High Growth (1984–1988) indicating robust economic expansion
- High Growth (1995–1997) indicating robust economic expansion
- High Growth (1999–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2013–2014) indicating temporary slowdown
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- Crisis (2019–2020) indicating severe economic downturn
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1997 with an increase of 90.283%, while the largest decline was in 1980 at -51.299%.