Details

Summary:

This 2016 Article IV Consultation highlights that Equatorial Guinea's overall real GDP growth has been weak in recent years averaging -0.5 percent from 2010-14, largely owing to a trend decline of the dominant hydrocarbon sector. Economic performance deteriorated substantially in the wake of the 2014 oil-price shock. In 2015, the pace of the contraction intensified, and economic activity declined by 7.4 percent. The near-term outlook is very challenging, given prospects for depressed energy prices and a continued decline in hydrocarbon production. Weak oil revenues and limited buffers will require further cuts to public investment, leading to a deep contraction of the large construction sector and public administration.

Notes:

Part of the IMF eLibrary collection.
Description based on print version record.

Contributor:

International Monetary Fund. African Department.

Other format:

Print Version: Republic of Equatorial Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea

ISBN:

1475551371
9781475551372

ISSN:

1934-7685

Publisher Number:

10.5089/9781475551372.002 doi

Access Restriction:

Restricted for use by site license.