Source: La Razón
Equatorial Guinea wants to re-emerge again as one of the emerging powers of
Africa. The successive crises that have hit all the economies of the world have
particularly harsh on emerging economies, including Equatorial Guinea, which is already beginning to see the light at the end of the tunnel.
Oil and gas have made Equatorial Guinea one of the most productive economies
Africa's per capita income, even higher than some European countries. But the crisis
global impacted its economy, which along with some problems of exhaustion
in its deposits caused a great economic slowdown that they are now beginning to overcome.
thanks to new energy discoveries with a great future and a new project
socioeconomic of the Government, which has Spain and the United States as partners
priority to carry it out.
Exports are experiencing continuous and gradual growth in the
recent years. In 2006, Spanish exports reached 116 million
dollars; and in 2022, they exceeded 167 million, becoming one of the main
suppliers of Equatorial Guinea along with Nigeria and commercial powers such as China and
United States. Equatorial Guinea ranks 65th as a customer of Spain worldwide.
Over the past five years, Spain's exports to Equatorial Guinea have increased
remained practically stable, with very slight increases and decreases, which
Now they will begin to grow with the new government strategy to promote the exit
of natural resources to begin to revive its national GDP.
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