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republic capital: malabo administrative divisions: 7 provinces (provincias. singular - provincia); annobon. bioko norte. bioko sur. centro sur. kie-ntem. litoral. wele-nzas independence: 12 october 1968 (from spain) national holiday: independence day. 12 october (1968) constitution: approved by national referendum 17 november 1991; amended january 1995 legal system: partly based on spanish civil law and tribal custom suffrage: 18 years of age; universal adult executive branch: chief of state: president brig. gen. (ret.) teodoro obiang nguema mbasogo (since 3 august 1979 when he seized power in a military coup) head of government: prime minister miguel abia biteo borico (since 14 june 2004); first deputy prime minister mercelino oyono ntutumu (since 15 june 2004); deputy prime minister ricardo mangue obama nfubea (since 15 june 2004) cabinet: council of ministers appointed by the president elections: president elected by popular vote for a seven-year term; election last held 15 december 2002 (next to be held december 2009); prime minister and deputy prime ministers appointed by the president election results: teodoro obiang nguema mbasogo reelected president; percent of vote - teodoro obiang nguema mbasogo 97.1%. celestino bonifacio bacale 2.2%; elections marred by widespread fraud legislative branch: unicameral house of people's representatives or camara de representantes del pueblo (80 seats; members directly elected by popular vote to serve five-year terms) elections: last held 25 april 2004 (next to be held na 2009) election results: percent of vote by party - na; seats by party - pdge 98. na 2 note: parliament has little power since the constitution vests all executive authority in the president judicial branch: supreme tribunal political parties and leaders: convergence party for social democracy or cpds [placido miko abogo]; democratic party for equatorial guinea or pdge (ruling party) [teodoro obiang nguema mbasogo]; party for progress of equatorial guinea or ppge [severo moto]; popular action of equatorial guinea or apge [miguel esono eman]; popular union or up [andres moises bda ada]; progressive democratic alliance or adp [victorino bolekia bonay]; union of independent democrats of udi [daniel oyono] political pressure groups and leaders: na international organization participation: acct. acp. afdb. au. bdeac. cemac. fao. fz. g-77. ibrd. icao. icrm. ida. ifad. ifc. ifrcs. ilo. imf. imo. interpol. ioc. itu. miga. nam. oas (observer). opcw. un. unctad. unesco. unido. upu. who. wipo. wtoo. wto (observer) diplomatic representation in the us: chief of mission: ambassador purificacion angue ondo chancery: 2020 16th street nw. washington. dc 20009 telephone: [1] (202) 518-5700 fax: [1] (202) 518-5252 diplomatic representation from the us: chief of mission: the us ambassador to cameroon is accredited to equatorial guinea embassy: k-3. carretera de aeropuerto. al lado de restaurante el paraiso. malabo telephone: [240] 098-895 fax: [240] 098-894 flag description: three equal horizontal bands of green (top). white. and red with a blue isosceles triangle based on the hoist side and the coat of arms centered in the white band; the coat of arms has six yellow six-pointed stars (representing the mainland and five offshore islands) above a gray shield bearing a silk-cotton tree and below which is a scroll with the motto unidad. paz. justicia (unity. peace. justice) economy - overview: the discovery and exploitation of large oil reserves have contributed to dramatic economic growth in recent years. forestry. farming. and fishing are also major components of gdp. subsistence farming predominates. although pre-independence equatorial guinea counted on cocoa production for hard currency earnings. the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth (the government has stated its intention to reinvest some oil revenue into agriculture). a number of aid programs sponsored by the world bank and the imf have been cut off since 1993 because of corruption and mismanagement. no longer eligible for concessional financing because of large oil revenues. the government has been unsuccessfully trying to agree on a "shadow" fiscal management program with the world bank and imf. businesses. for the most part. are owned by government officials and their family members. undeveloped natural resources include titanium. iron ore. manganese. uranium. and alluvial gold. growth remained strong in 2005. led by oil. equatorial guinea now has the second highest per capita income in the world. after luxembourg. gdp (purchasing power parity): $25.69 billion (2005 est.) gdp (official exchange rate): $7.644 billion (2005 est.) gdp - real growth rate: 18.6% (2005 est.) gdp - per capita: purchasing power parity - $50.200 (2005 est.) gdp - composition by sector: agriculture: 2.4% industry: 95.5% services: 2.2% (2005 est.) labor force: na unemployment rate: 30% (1998 est.) population below poverty line: na household income or consumption by percentage share: lowest 10%: na highest 10%: na inflation rate (consumer prices): 5% (2005 est.) investment (gross fixed): 46.3% of gdp (2005 est.) budget: revenues: $1.973 billion expenditures: $711.5 million. including capital expenditures of na (2005 est.) agriculture - products: coffee. cocoa. rice. yams. cassava (tapioca). bananas. palm oil nuts; livestock; timber industries: petroleum. fishing. sawmilling. natural gas industrial production growth rate: 30% (2002 est.) electricity - production: 29.43 million kwh (2003) electricity - production by source: fossil fuel: 94.3% hydro: 5.7% nuclear: 0% other: 0% (2001) electricity - consumption: 27.37 million kwh (2003) electricity - exports: 0 kwh (2003) electricity - imports: 0 kwh (2003) oil - production: 420.000 bbl/day (2005 est.) oil - consumption: 1.200 bbl/day (2003 est.) oil - exports: na (2001) oil - imports: na (2001) oil - proved reserves: 563.5 million bbl (1 january 2002) natural gas - production: 20 million cu m (2001 est.) natural gas - consumption: 20 million cu m (2001 est.) natural gas - exports: 0 cu m (2001 est.) natural gas - imports: 0 cu m (2001 est.) natural gas - proved reserves: 68.53 billion cu m (1 january 2002) current account balance: $1.364 billion (2005 est.) exports: $6.727 billion f.o.b. (2005 est.) exports - partners: us 29.3%. china 22.8%. spain 16%. taiwan 14.9%. canada 6.8% (2004) imports: $1.864 billion f.o.b. (2005 est.) imports - partners: us 26.8%. cote d''ivoire 21.4%. spain 13.6%. france 8.8%. uk 7.8%. italy 4.4% (2004) reserves of foreign exchange and gold: $1.078 billion (2005 est.) debt - external: $248 million (2000 est.) economic aid - recipient: $33.8 million (1995) currency (code): communaute financiere africaine franc (xaf); note - responsible authority is the bank of the central african states currency code: xaf exchange rates: communaute financiere africaine francs (xaf) per us dollar - 480.56 (2005). 528.29 (2004). 581.2 (2003). 696.99 (2002). 733.04 (2001) fiscal year: 1 january - 31 december telephones - main lines in use: 9.600 (2003) telephones - mobile cellular: 41.500 (2003) telephone system: general assessment: poor system with adequate government services domestic: na international: country code - 240; international communications from bata and malabo to african and european countries; satellite earth station - 1 intelsat (indian ocean) radio broadcast stations: am 0. fm 3. shortwave 5 (2002) radios: 180.000 (1997) television broadcast stations: 1 (2002) televisions: 4.000 (1997) internet country code: .gq internet hosts: 3 (2004) internet service providers (isps): 1 (2002) internet users: 1.800 (2002) airports: 4 (2004 est.) airports - with paved runways: total: 3 2.438 to 3.047 m: 1 1.524 to 2.437 m: 1 under 914 m: 1 (2005 est.) airports - with unpaved runways: total: 1 under 914 m: 1 (2005 est.) pipelines: condensate 37 km; gas 39 km; liquid natural gas 4 km; oil 24 km (2004) roadways: total: 2.880 km (1999) merchant marine: total: 1 ships (1.000 grt or over) 6.556 grt/9.704 dwt by type: cargo 1 (2005) ports and terminals: malabo military branches: army. navy. air force (2005) military service age and obligation: 18 years of age (est.) (2004) manpower available for military service: males age 18-49: 106.571 (2005 est.) manpower fit for military service: males age 18-49: 66.379 (2005 est.) military expenditures - dollar figure: $126.2 million (2004) military expenditures - percent of gdp: 2.5% (2004) disputes - international: in 2002. icj ruled on an equidistance settlement of cameroon-equatorial guinea-nigeria maritime boundary in the gulf of guinea. but a dispute between equatorial guinea and cameroon over an island at the mouth of the ntem river. imprecisely defined maritime coordinates in the icj decision. and the unresolved bakasi allocation contribute to the delay in implementation; un has been pressing equatorial guinea and gabon to pledge to resolve the sovereignty dispute over gabon-occupied mbane island and create a maritime boundary in the hydrocarbon-rich corisco bay
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