Equatorial Guinea Generates 80% of Revenue from Hydrocarbons in 2024

The hydrocarbons sector generated over 80% of Equatorial Guinea’s revenue and accounted for approximately 46% of its GDP in 2024, according to the World Bank’s 2025 Equatorial Guinea Economic Update.

The report shows that the country’s economy grew by 0.9%, with the industrial and service sectors driving this growth. Additionally, Equatorial Guinea recorded a 100-fold increase in locally produced and generated capital between 1995 and 2020 owing to major oil and gas discoveries.

“Leveraging its wealth in natural resources, especially oil, the country has experienced substantial economic growth, considerable infrastructure development, and improvements in certain social indicators,” said Juan Diego Alonso, World Bank Group Resident Representative for Equatorial Guinea.