Economy of Equatorial Guinea - Forestry

Forestry

Timber from Río Muni is Equatorial Guinea’s leading export. Forests cover over 62 percent of the land area. The Río Muni area on the mainland produces okoumé and akoga from rain forests of considerable age. Even though the government has given permission to foreign firms, exploitation is difficult due to infrastructural problems. The government enacted a new forestry action plan in 1990 in an effort to strengthen the sector’s development. In 2004, roundwood production was estimated at 811,000 cubic metres. In 2004, exports of forest products amounted to $97 million Child rate- 4

$24 billion (2009 est.)

Investment (gross fixed)

46.3% (2005 est.)

Industries

Petroleum, fishing, sawmilling, natural gas

Industrial production growth rate

30% (2002 est.)

Electricity - production

29.43 GWh (2005)

Electricity - consumption

27.37 GWh (2005)

Agriculture - products

Coffee, cocoa, rice, yams, cassava (tapioca), bananas, palm oil nuts; livestock; timber

Exchange rates

Communauté financière africaine francs (CFAF) per US$1 - 480.56 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001)