Back to today’s briefing

Story perspectives

Equatorial Guinea's Growth Stalls Amid Rising Poverty Crisis

7/22/2025

30 2

Summary

Story summary

Equatorial Guinea's economy saw a modest growth of 0.9% in 2024, fueled by its industrial and service sectors, even as hydrocarbon revenues dwindled. With over 57% of the population trapped in poverty, the World Bank urges urgent action for economic diversification and sustainable forest management to combat rising deforestation and bolster resilience against ongoing challenges.

1 of 1

Story summary

Equatorial Guinea's economy saw a modest growth of 0.9% in 2024, fueled by its industrial and service sectors, even as hydrocarbon revenues dwindled. With over 57% of the population trapped in poverty, the World Bank urges urgent action for economic diversification and sustainable forest management to combat rising deforestation and bolster resilience against ongoing challenges.