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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.

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