service sectors for about
38%. Undeveloped natural resources include titanium, iron ore,
manganese, uranium, and alluvial gold. Oil exploration, taking place
under concessions offered to US, French, and Spanish firms, has been
moderately successful. Increased production from recently discovered
natural gas fields will provide a greater share of exports in 1995.

National product: GDP - purchasing power parity - $280 million (1993
est.)

National product real growth rate: 7.3% (1993 est.)

National product per capita: $700 (1993 est.)

Inflation rate (consumer prices): 1.6% (1992 est.)

Unemployment rate: NA%

Budget:
revenues: $32.5 million
expenditures: $35.9 million, including capital expenditures of $3
million (1992 est.)

Exports: $56 million (f.o.b., 1993)
commodities: coffee, timber, cocoa beans
partners: Spain 55.2%, Nigeria 11.4%, Cameroon 9.1% (1992)

Imports: $62 million (c.i.f., 1993)
commodities: petroleum, food, beverages, clothing, machinery
partners: Cameroon 23.1%, Spain 21.8%, France 14.1%, US 4.3% (1992)

External debt: $260 million (1992 est)

Industrial production: growth rate 11.3% (1993 est.)

Electricity:
capacity: 23,000 kW
production: 20 million kWh
consumption per capita: 50 kWh (1993)

Industries: fishing, sawmilling

Agriculture: accounts for almost 50% of GDP, cash crops - timber and
coffee from Rio Muni, cocoa from Bioko; food crops - rice, yams,
cassava, bananas, oil palm nuts, manioc, livestock

Economic aid:
recipient: US commitments, including Ex-Im (FY81-89), $14 million;
Western (non-US) countries, ODA and OOF bilateral commitments
(1970-89), $130 million; Communist countries (1970-89), $55 million

Currency: 1 CFA franc (CFAF) = 100 centimes

Exchange rates: Communaute Financiere Africaine francs (CFAF) per US$1
- 529.43 (January 1995), 555.20 (1994), 273,16 (1993), 264.69 (1992),
282.11 (1991), 272.26 (1990)
note: beginning 12 January 1994, the CFA franc was devalued to CFAF
100 per French franc from CFAF 50 at which it had been fixed since
1948

Fiscal year: 1 April - 31 March

@Equatorial Guinea:Transportation

Railroads:
total: 0 km

Highways:
total: 2,760 km (2,460 km on Rio Muni and 300 km on Bioko)
paved: NA
unpaved: NA

Ports: Bata, Luba, Malabo

Merchant marine:
total: 2 ships (1,000 GRT or over) totaling 6,412 GRT/6,699 DWT
ships by type: cargo 1, passenger-cargo 1

Airports:
t