Equatorial Guinea

Equatorial Guinea has the highest GDP per capita in continental Africa due to its significant oil and gas production relative to its small population (1.4 million). The economy is dominated by hydrocarbons, with Marathon Oil, ExxonMobil, and Noble Energy operating major fields. The country also produces methanol (one of the world's largest plants) and LNG. Oil production has declined from peak levels, prompting diversification efforts into petrochemicals, agriculture, and tourism. Challenges include heavy oil dependence, governance concerns, and limited economic diversification. The country is a member of OPEC and CEMAC.