Search for Posts, Maps, and Topics

Tuesday, January 31, 2017

GDP of Equatorial Guinea

Relatively recent oil extraction and refining activities are helping to raise EQUATORIAL GUINEA's Gross Domestic Product (GDP) per capita at purchasing power parity (PPP), currently at $30,041 (U.S. Dollars) according to the UNESCO Institute for Statistics (↗). This statistic is higher, according to the International Monetary Fund (IMF) and World Bank. Many citizens, however, are still struggling despite the growing economy — not yet benefiting from the economy. A dichotomous situation like this is why economic statistics should be studied with a "big picture" mindset, acknowledging that many people still struggle to support themselves despite a stronger economy.

No comments:

Post a Comment

Do you have any thoughts or suggestions? Let me know with a comment!
*Please note that comments WILL be MODERATED; therefore, spam comments (including offers and links unrelated to the post topic) WILL be REMOVED.*
I greatly appreciate your input... thank you so much!

My Other Blogs

Blog Content

  • Content, graphics, and the background are created by me (pseudonym: Wonderful World), except when I credit other sources. Wavy flag images (see Lesotho post) come from the public-domain Wikimedia Nuvola project — Facebook also uses these images.
  • I do not copy and paste from other websites. Therefore, all posts are original but may sometimes include info, links, and/or images from credited external sources. To use a GeoFact of the Day Blog image for your website or project, write a comment below a post, and I will likely approve your request.
  • Feel free to offer comments, suggestions, and compliments on any post or page! You can be anonymous. Note that spam comments with non-relevant links will be deleted.
  • Thanks for your loyal readership on the GeoFact of the Day Blog!
  • Map Link in new tab or window
  • Thank you so much for accessing your trusted source for reliable geographic info since 2008 — today and always!
  • Total Views