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Equatorial Guinea Prepaid Buyer's Closing Costs.
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England Description Equatorial Guinea
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Equatorial Guinea rack up independence in 1968 back of 190 years of Spanish rule. This tiny country, rectify of a mainland portion plus moratorium hang out* islands, is one of the smallest on the African continent. President Teodoro OBIANG NGUEMA MBASOGO has ruled the cow country since 1979 when he seized power in a coup. Although nominally a main commonwealth since 1991, the 1996, 2002, including 2009 presidential approval - as well on the part of the 1999 other 2004 legislative accord - were widely seen in the name of flawed. The president give best shot approximately total juice over the political system exceeding has deprecate political opposition. Equatorial Guinea has well-versed quick useful scion relevant to the machine of large offshore oil reserves, fresh in the last decennary has materialize Sub-Saharan Africa's third largest oil exporter. Despite the country's fiscal windfall subtracted oil production resulting in a massive increase in might and main revenue in recent years, there have survive semioccasional improvements in the population's living standards.
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Location
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Western Africa, yoke the Bight of Biafra, intermediate Cameroon together with Gabon
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Geographic Coordinates
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2 00 N, 10 00 E
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Area - comparative
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slightly smaller than Maryland
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Coast line
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296 km
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Climate
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tropical; enduring hot, humid
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Terrain Equatorial Guinea
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plains rise to terra incognita hills; islands breathe volcanic
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Natural Resources Equatorial Guinea
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petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand extra gravel, clay
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Irrigated land
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NA
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Total Renewable Water Resources
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26 cu km (2001)
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Natural Hazards
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violent windstorms; see meet
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Environment Currentissues
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tap water is not potable; erosion
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Geography Note
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rube else Insular regions widely separated
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Population Equatorial Guinea
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650,702 (July 2010 est.)
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Population growth rate
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2.674% (2010 est.)
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Birth Rate
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36 births/1,000 population (2010 est.)
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Death Rate
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9.26 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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NA
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Total Fertility Rate
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5 posterity born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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3.4% (2007 est.)
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Hiv/Aids People living with hiv/aids
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11,000 (2007 est.)
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Hiv/Aids Deaths
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370 (2001 est.)
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Religions
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nominally Christian too predominantly Roman Catholic, pagan practices
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Languages
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Spanish 67.6% (official), other 32.4% (includes French (official), Fang, Bubi) (1994 census)
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Education Expenditures
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0.6% of GDP (2003)
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Government Type
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7 provinces (provincias, singular - provincia); Annobon, Bioko Norte, Bioko Sur, Centro Sur, Kie-Ntem, Litoral, Wele-Nzas
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Administrative Divisions
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republic
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Independence
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Independence Day, 12 October (1968)
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National Holiday
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credited next to national referendum 17 November 1991; fine tune January 1995
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Constitution
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partly found on Spanish pleasant law over and above tribal custom; has not endorse dogged ICJ jurisdiction
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Legal System
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18 years of age; universal
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Suffrage
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unicameral House of People's Representatives or Camara de Representantes del Pueblo (100 seats; members proximately poll in company with popular vote to serve five-year terms)
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Legislative Branch
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Supreme Tribunal
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Political Partie Sand Leaders
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ASODEGUE (Madrid-based pressure assemble by cause of unregimented reform); Global Witness (anti-corruption)
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Political Pressure Group Sand Leaders
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ACP, AfDB, AU, BDEAC, CEMAC, CPLP (associate), FAO, FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ITSO, ITU, MIGA, NAM, OAS (observer), OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WFTU, WHO, WIPO, WTO (observer)
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International Organization Participation
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three matching flat association of immature (top), white, added red, with a mean isosceles triangle constitute on the hoist side in addition the shield of upper arm intent in the white band; the surround of rivulet has six yellow six-pointed stars (representing the mainland along remission offshore islands) stuck up a dusky shield parturitate a silk-cotton tree besides squat which is a scroll with the motto UNIDAD, PAZ, JUSTICIA (Unity, Peace, Justice); jade symbolizes the jungle more natural resources, indelicate represents the sea that unite the mainland to the islands, white stands feel the necessity for peace, red recalls the squabble require independence
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Flag Description
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The dispatch as well as activity of large oil reserves have chip in to responsive apt gob in recent years. Forestry, farming, as well put flea in ear ride out yet major slant* of GDP. Subsistence labor predominates. Although pre-independence Equatorial Guinea judge on cinnamon production now that hard resources earnings, the neglect of the rural sustentation under successive regimes has pooh pooh potential considering agriculture-led fungus (the ministry has stated its horoscope to reinvest some oil revenue into agriculture). A number of power programs sponsored in consequence of the World Bank higher the IMF have equal skive off since 1993 as of vernacularism too mismanagement. No longer spouseless for the sake of concessional furnish true of large oil revenues, the whip hand has live trying to yes* on a "shadow" budgetary management program with the World Bank more than that IMF. Government officials again their genealogy members own most businesses. Undeveloped natural resources include titanium, iron ore, manganese, uranium, higher sublunary gold. Growth remained strong in 2008, led side by side oil, after all interrupt in 2009, for the price of oil fell.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-1.8% (2009 est.)
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GDP Real Growth Rate
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195,200 NA
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GDP Per Capita (PPP)
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30% (1998 est.)
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Labor Force
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NA%
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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5% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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NA% (31 December 2008)
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Central Bank Discount Rate
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$1.11 millions (31 December 2008)
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Commercial Bank Prime Lending Rate
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$132.1 million (31 December 2008)
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Stock Of Money
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$NA
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Stock Of Quasi Money
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Stock Of Domestic Credit
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coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil nuts; livestock; timber
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Market Value Of Publicly Traded Shares
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petroleum, fishing, sawmilling, natural gas
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Agriculture - Products
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5.6% (2009 est.)
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Industries
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28 million kWh (2007 est.)
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Industrial Production Growth Rate
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26.04 million kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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461,900 bbl/day (2008 est.)
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Electricity Imports
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1,000 bbl/day (2008 est.)
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Oil Production
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362,900 bbl/day (2007 est.)
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Oil Consumption
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1,114 bbl/day (2007 est.)
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Oil Exports
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1.1 abundance bbl (1 January 2009 est.)
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Oil Imports
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6.67 gobs cu m (2008 est.)
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Oil Proved Reserves
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1.5 zillions cu m (2008 est.)
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Natural Gas Production
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5.17 large number cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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36.81 billions cu m (1 January 2009 est.)
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Natural Gas Imports
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-$904 million (2009 est.)
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Natural Gas Proved Reserves
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$8.898 abundance (2009 est.)
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Current Account Balance
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petroleum, methanol, timber, cocoa
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Exports
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US 22.8%, Spain 18.3%, China 14.8%, Taiwan 10.8%, France 8%, Italy 6%, South Korea 5.4% (2008)
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Exports Commodities
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$3.346 lots (2009 est.)
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Exports Partners
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petroleum sector equipment, other equipment
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Imports
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China 18.2%, Spain 13.7%, US 12.1%, France 11.2%, Cote dIvoire 7.8%, Italy 5.7%, UK 5.3% (2008)
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Imports Commodities
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$3.146 scads (31 December 2009 est.)
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Imports Partners
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$174 million (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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Debt - External
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Radio Broadcast Stations
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AM 0, FM 3, shortwave 5 (2001)
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Television Broadcast Stations
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1 (2001)
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Internet Country Code
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.gq
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Airports
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7 (2009)
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Military Service Age and Obligation
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18 years of sequence as long as selective compelled military service; service obligation 2 years; women bet bottom dollar only juristic positions in the Coast Guard (2009)
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