External borrowing, net in Equatorial Guinea
Equatorial Guinea: External borrowing, net was -721.71 billion current LCU in 2006. ◆ Volatile
External borrowing, net in Equatorial Guinea, 1994–2006
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2006, external borrowing, net in Equatorial Guinea stood at -721.71 billion current LCU. That is the lowest value across all 13 years on record.
That represents a change of down 866.5% on the previous year and down 135,815.0% over ten years.
Over the whole period, external borrowing, net in Equatorial Guinea peaked at -531.00 million current LCU in 1996 and was at its lowest, -721.71 billion current LCU, in 2006.
Equatorial Guinea ranks 50th of 50 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External borrowing, net in Equatorial Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | -5.92 billion current LCU | — |
| 1995 | -6.56 billion current LCU | +10.7% |
| 1996 | -531.00 million current LCU | -91.9% |
| 1997 | -2.07 billion current LCU | +289.5% |
| 1998 | -2.50 billion current LCU | +21.0% |
| 1999 | -2.99 billion current LCU | +19.4% |
| 2000 | -60.30 billion current LCU | +1917.6% |
| 2001 | -84.67 billion current LCU | +40.4% |
| 2002 | -180.31 billion current LCU | +112.9% |
| 2003 | -96.93 billion current LCU | -46.2% |
| 2004 | -55.80 billion current LCU | -42.4% |
| 2005 | -74.67 billion current LCU | +33.8% |
| 2006 | -721.71 billion current LCU | +866.5% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's -721.71 billion current LCU is below the median for upper middle income countries, which is 5.82 billion current LCU. (7 countries reporting)
- Equatorial Guinea's -721.71 billion current LCU is below the median for Sub-Saharan Africa, which is 9.40 billion current LCU. (45 countries reporting)
Biggest year-on-year movements
Years where External borrowing, net in Equatorial Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -1917.6% | -2.99 billion current LCU | -60.30 billion current LCU |
| 2006 | -866.5% | -74.67 billion current LCU | -721.71 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.43 billion current LCU | -6.56 billion current LCU | -531.00 million current LCU | 6 |
| 2000s | -182.06 billion current LCU | -721.71 billion current LCU | -55.80 billion current LCU | 7 |
Countries ranked near Equatorial Guinea
More science & technology data for Equatorial Guinea
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2022)
- Mobile landline subscriptions, gaps filled 49.54 (2022)
- Mobile cellular subscriptions by country, per capita 0.4954 units per person (2022)
- Mobile cellular subscriptions by country, per unit of GDP 0.0001 units per US$ of GDP (2022)
- Mobile cellular subscriptions by country, gaps filled 893,441 (2022)
- Mobile cellular subscriptions by country, per square kilometre 31.85 units per square kilometre (2022)
- Mobile landline subscriptions, annual growth rate 6.68 % change on previous year (2022)
- Mobile cellular subscriptions by country, annual growth rate 9.4 % change on previous year (2022)
- Scientific and technical journal articles 3.44 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is external borrowing, net in Equatorial Guinea?
- External borrowing, net in Equatorial Guinea was -721.71 billion current LCU in 2006, according to World Bank country economists.
- What is the highest external borrowing, net recorded in Equatorial Guinea?
- The highest recorded value was -531.00 million current LCU in 1996.
- What is the lowest external borrowing, net recorded in Equatorial Guinea?
- The lowest recorded value was -721.71 billion current LCU in 2006.
- How does Equatorial Guinea rank for external borrowing, net?
- Equatorial Guinea ranks 50th out of 50 countries with data for 2006.
- Is external borrowing, net rising or falling in Equatorial Guinea?
- Over the last ten years it is down 135,815.0%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea data come from?
- The figures come from World Bank country economists, published as part of External borrowing, net (current LCU). Statizoid updates them automatically from the source API.
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About this data
Financing from abroad (obtained from nonresidents) refer to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. It includes all government liabilities--other. Data are in current local currency.