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.