Equatorial Guinea: Exports, percent of GDP

* indicates monthly or quarterly data series
 Equatorial Guinea

Exports of goods and services as percent of GDP

 Latest value 56.34
 Year 2022
 Measure percent
 Data availability 2005 - 2022
 Average 67.85
 Min - Max 43.49 - 89.22
 Source The World Bank
For that indicator, we provide data for Equatorial Guinea from 2005 to 2022. The average value for Equatorial Guinea during that period was 67.85 percent with a minimum of 43.49 percent in 2020 and a maximum of 89.22 percent in 2008. The latest value from 2022 is 56.34 percent. For comparison, the world average in 2022 based on 133 countries is 47.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Equatorial Guinea - Exports, percent of GDP - recent values

Historical chart
Equatorial Guinea - Exports, percent of GDP - historical chart - 2005-2022




The exports of Equatorial Guinea and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 151.26 2021 percent
 Trade openness 89.12 2022 percent
 Exports, percent of GDP 56.34 2022 percent
 Exports, billion dollars 6.23 2022 billion U.S. dollars
 Growth of exports 12.66 2022 percent
 Imports, percent of GDP 45.99 2022 percent
 Imports, billion dollars 4.30 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.81 2022 percent
 Foreign Direct Investment, billion dollars 0.46 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 1996 million dollars (current)
 Current account, percent of GDP 3.90 2022 percent
 Current account, in dollars -0.34 1996 billion U.S. dollars
 Trade balance, percent of GDP 16.07 2022 percent
 Trade balance, in dollars -0.30 1996 billion U.S. dollars
 Reserves 0.04 2021 billion U.S. dollars
 Remittances, percent of GDP 0.07 1996 percent
 Net errors and omissions 23.71 1996 million USD
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