Tag Archives: Equatorial Guinea

According to allcountrylist, Equatorial Guinea’s economy is largely dependent on its oil and gas sector, which accounts for over 90% of the country’s GDP and more than 90% of exports. This sector includes exploration, production and refining of crude oil and natural gas, as well as related services. The manufacturing sector is also important to Equatorial Guinea’s economy; it accounted for around 5% of GDP in 2020. This sector includes food processing, textiles and apparel manufacturing, chemicals production and petroleum refining. Finally, the agricultural sector is still significant in Equatorial Guinea; it accounted for around 2% of GDP in 2020. Major crops grown in Equatorial Guinea include coffee beans (which account for over 40% of the country’s exports), cocoa beans, palm oil, bananas pineapples yams cassava plantains sweet potatoes taro cocoyam vegetables fruits nuts spices animal products like eggs milk cheese butter yogurt beef poultry fish honey beeswax wool leather hides tallow fat glands oils waxes resins dyes tannins gums incense perfumes medicines drugs narcotics stimulants intoxicants alcoholic beverages. Equatorial Guinea also has a large tourism industry which generates significant income each year from foreign visitors. Equatorial Guinea has a long history of agriculture that dates back to ancient times. Early inhabitants of the region relied on subsistence farming to produce crops such as maize, cassava, plantains, yams and beans. These staple crops were used for food, medicine and clothing and were grown in small plots near villages. In addition to these staples, farmers also grew fruits and vegetables such as bananas, papayas and coconuts. In the 19th century, much of Equatorial Guinea’s agricultural production shifted from subsistence farming to commercial agriculture. Plantations were established in certain regions to produce cash crops such as coffee, cocoa, palm oil and rubber for export markets. This shift away from subsistence farming caused many small-scale farmers to move into urban areas or become laborers on larger farms. Today, Equatorial Guinea is still a major producer of cash crops such as palm oil and rubber but has also seen an increase in production of other crops such as wheat, corn and rice. In addition to these traditional staples, farmers are increasingly turning towards specialty crops such as fruits and vegetables for export markets or organic farming practices that reduce environmental impact while still providing nutritious food for their communities. Check topmbadirectory for how to get to Equatorial Guinea.