Republic of Equatorial Guinea, is a country on the west coast of Central Africa. Formerly the colony of Spanish Guinea, its post-independence name evokes its location near both the Equator and the Gulf of Guinea. It consists of two parts, an insular and a mainland region. The insular region consists of the islands of Bioko (formerly Fernando Pó) in the Gulf of Guinea and Annobón, a small volcanic island which is the only part of the country south of the equator.
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Economy:
It has traditionally been dependent on commodities such as cocoa and coffee, but is now heavily dependent on petroleum due to the discovery and exploitation of significant oil reserves in the 1980s. In 2017, it graduated from "Least Developed Country" status, the only Sub-Saharan African nation that managed to do so besides Botswana. However, despite the economic growth and improving infrastructure, the country has been ranked only 138th out of 188 countries on the United Nations HDI
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equatorial guinea
