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Guinea Ecuatorial

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Environment
Equatorial Guinea has been affected by heavy deforestation in recent years, and forest coverage of the country has gone from 50% to 28%.1 The government of Equatorial Guinea recently announced a new climate change strategy to reduce carbon emissions and alleviate the effects of climate change.2 The country is also undertaking several sustainable energy projects that focus on solar, wind, and marine energy.3

Show References
1 http://rainforests.mongabay.com/20eq_guinea.htm
2http://news.yahoo.com/equatorial-guinea-develops-climate-change-plan-reduce-carbon-170800587.html
3 Ibid
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Guinea Ecuatorial News

Geography

Central Africa, bordering the Bight of Biafra, between Cameroon and Gabon
Area

Total 28,051 sq km
Land 28,051 sq km
Water 0 sq km

Climate

tropical; always hot, humid
Natural Resources

petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay ;
Natural Hazards

violent windstorms; flash floods

volcanism: Santa Isabel (elev. 3,007 m), which last erupted in 1923, is the country's only historically active volcano; Santa Isabel, along with two dormant volcanoes, form Bioko Island in the Gulf of Guinea Santa Isabel (elev. 3,007 m), which last erupted in 1923, is the country's only historically active volcano; Santa Isabel, along with two dormant volcanoes, form Bioko Island in the Gulf of Guinea
Current Environmental Issues

tap water is not potable; deforestation

Demographics

Nationality
Equatorial Guinean or Equatoguinean
Population
704,001 (July 2013 est.)
Ethnic Groups
Languages
Religions

Finances

The discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth, but fluctuating oil prices have produced huge swings in GDP growth in recent years. The economy is still dominated by hydrocarbon production. The government has solicited foreign investment, particularly from the United States, to diversify the economy. Undeveloped natural resources include gold, zinc, diamonds, columbite-tantalite, and other base metals. Forestry and farming are also minor components of GDP. Subsistence farming is the dominant form of livelihood. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy ...See More under successive regimes has diminished potential for agriculture-led growth. The government has stated its intention to reinvest some oil revenue into agriculture. A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993 because of corruption and mismanagement. The government has been widely criticized for its lack of transparency and misuse of oil revenues. The government has made efforts to address this issue working towards compliance with the Extractive Industries Transparency Initiative in 2010. The economy recovered from the global recession in 2011-12 stimulated by higher oil prices and large investments in public infrastructure and hotels. Show Less ;
GDP Purchasing Power Parity

$19.6 billion (2012 est.); $19.21 billion (2011 est.); $18.38 billion (2010 est.)
Gross National Saving

23% of GDP (2012 est.); 27% of GDP (2011 est.); 35.4% of GDP (2010 est.)
Agriculture Products

coffee, cocoa, rice, yams, cassava (manioc), bananas, palm oil nuts; livestock; timber
Industries

petroleum, natural gas, sawmilling