Equatorial Guinea, Malabo Cost of Living April 2010

Country Full Name: The Republic of Equatorial Guinea.

Location: Equatorial Guinea is in Western Africa, bordering the Bight of Biafra, between Cameroon and Gabon.

Country Climate: Tropical; always hot, humid.

Country Terrain: Coastal plains rise to interior hills; islands are volcanic.

Major Languages: Spanish, French.

Major Religions: Christianity.

Country Population: 1.2 million (2008 est.) 1.3 million (2009 est.).

Country Economy: The economy of Equatorial Guinea has benefited from the discovery of large oil reserves in 1996 and its subsequent exploitation. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. The deterioration of the rural economy under successive brutal regimes has diminished any potential for agriculture-led growth.

Currency: CFA Franc (XAF).

Country Inflation: 5.9% (2008 est.) 4.1% (2009 est.).

City: Malabo is the capital of Equatorial Guinea.

City Economy: Despite its status as the capital of Equatorial Guinea for several decades, Malabo’s street network remains poorly developed. Malabo itself has few paved roads leading into it, and fewer than one hundred paved and developed streets.

Cost of Living: Malabo has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Malabo is currently ranked 171 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Equatorial Guinea, Malabo

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