]

International organization participation: ACCT, ACP, AfDB, BDEAC,
CEEAC, ECA, FAO, FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Intelsat, Interpol, IOC, ITU, NAM, OAS (observer), OAU,
UDEAC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WToO, WTrO (applicant)

Diplomatic representation in the US:
chief of mission: Ambassador Pastor Micha ONDO BILE
chancery: Suite 405, 1511 K Street NW, Washington, DC 20005
telephone: [1] (202) 393-0525
FAX: [1] (202) 393-0348

Diplomatic representation from the US: the US does not have an embassy
in Equatorial Guinea (embassy closed September 1995); US relations
with Equatorial Guinea are handled through the US Embassy in Yaounde,
Cameroon

Flag description: three equal horizontal bands of green (top), white,
and red with a blue isosceles triangle based on the hoist side and the
coat of arms centered in the white band; the coat of arms has six
yellow six-pointed stars (representing the mainland and five offshore
islands) above a gray shield bearing a silk-cotton tree and below
which is a scroll with the motto UNIDAD, PAZ, JUSTICIA (Unity, Peace,
Justice)

@Equatorial Guinea:Economy

Economy-overview: The discovery and exploitation of large oil reserves
have contributed to dramatic economic growth in recent years. Farming,
forestry, and fishing are also major components of GDP. Subsistence
farming predominates. Although pre-independence Equatorial Guinea
counted on cocoa production for hard currency earnings, the
deterioration of the rural economy under successive brutal regimes has
diminished potential for agriculture-led growth. A number of aid
programs sponsored by the World Bank and the IMF have been cut off
since 1993 because of the government's gross corruption and
mismanagement. Businesses, for the most part, are owned by government
officials and their family members. Undeveloped natural resources
include titanium, iron ore, manganese, uranium, and alluvial gold. The
country responded favorably to the devaluation of the CFA franc in
January 1994.

GDP: purchasing power parity-$660 million (1997 est.)

GDP-real growth rate: NA%

GDP-per capita: purchasing power parity-$1,500 (1997 est.)

GDP-composition by sector:
agriculture: 46%
industry: 33%
services: 21% (1995 est.)

Inflation rate-consumer price index: 6% (1996 est.)

Labor force: NA

Unemployment rate: NA%

Budget:
revenues: $47 million
expenditures: $43 million, including capital expen