Cost of living and prices in Equatorial Guinea, prices of food, rent, shopping, etc 🇬🇶 Updated Jul 2023
Located in Middle Africa, Equatorial Guinea is bordered by its neighboring countries Cameroon and Gabon. Covering an area of 28,051 square kilometers, this country has a population density of 36.18 people per square kilometer with a total population of 1,014,999. Spanish and French are the official languages of Equatorial Guinea, and the country's gross domestic product (GDP) is $17,080,000,000 while the GDP per capita is $16828. The currency in Equatorial Guinea is Central African CFA franc, and the top-level domains in Equatorial Guinea are .gq.
Equatorial Guinea's cost of living is relatively high, with prices slightly higher than those in the United States. The cost of accommodation, transportation, and food are the main expenses. A majority of the locals rely on subsistence farming for their daily needs. Equatorial Guinea is abundant in oil, and it is the primary contributor to the country's economy. With controlled inflation and significant changes in the country's infrastructure, Equatorial Guinea is an emerging market to watch.
Tourism is also an economic contributor to the country, with its beautiful coastal waters and beaches, indigenous art, and opportunities for big-game fishing. Equatorial Guinea may not be the country of choice to visit, but with compelling attractions and amenities, it is worth the visit.
Cost of Living Estimate in Equatorial Guinea
You can calculate cost of living in Equatorial Guinea by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Equatorial Guinea offers a wide variety of dining options to travelers who visit the country. From traditional African cuisine to international dishes, visitors can find a range of food choices. One of the most popular traditional dishes in Equatorial Guinea is the Okra soup and Fufu, made from cassava flour. Seafood is also a crucial element of the country's cuisine, and visitors can find local delicacies like grilled lobster and prawns, which are fresh and delicious. For those looking for a more upscale dining experience, there are high-end restaurants in Malabo, the capital city, which offer fusion cuisine and international dishes.
In addition to restaurants, street food is also an integral part of the culinary scene in Equatorial Guinea. Street vendors offer a range of delicious snacks, including grilled meat skewers, fried plantains, and cassava chips. These vendors can be found throughout the country and offer a budget-friendly option for visitors. Travelers should exercise caution when eating street food and ensure that the food is fresh and hygienic. Overall, food in Equatorial Guinea is an exciting and diverse experience for visitors, and a must-try for food lovers.
Market prices in Equatorial Guinea can vary greatly depending on a few factors. Firstly, the proximity to the capital city of Malabo can play a big role in pricing. Items that are closer to Malabo tend to be more expensive due to the higher demand for goods in the area. Additionally, the availability of certain goods can greatly affect their prices. For example, items that need to be imported from other countries may be more expensive due to shipping costs and import taxes.
The overall stability of the economy in Equatorial Guinea can also impact market prices. If the economy is struggling, prices may increase due to a decrease in supply and an increase in demand for scarce goods. If the economy is in a period of growth, prices may decrease as more goods become available and competition increases among suppliers. Additionally, weather patterns and natural disasters can disrupt markets and drive up prices.
When traveling to Equatorial Guinea, visitors have a few transportation options to get around the country. One popular mode of transportation is taxis which are easy to find in major cities such as Malabo and Bata. Taxis in Equatorial Guinea are often color-coded, with official taxis being painted white and red, while the unlicensed ones are painted in a range of different colors. Visitors are advised to agree on the fare before getting into the taxi as there are no meters.
Another transportation option in Equatorial Guinea is minibusses which operate on set routes between major cities and towns. Minibuses are often crowded, but they are a cheap and efficient way to get around. Visitors are advised to ask locals for assistance in finding the right minibus and purchasing a ticket. Additionally, it is important to note that minibuses do not operate on a fixed schedule and may take longer to arrive at the destination than expected.
Utilities Per Month prices
Travelers to Equatorial Guinea should be aware that utilities cost can be quite high due to the country's remote location and limited resources. Electricity and water bills are often much higher than what visitors may be used to in other countries, especially in more rural areas. Additionally, the availability and reliability of these utilities may be unpredictable, so it is important to plan accordingly.
However, many hotels and resorts in Equatorial Guinea include utilities in their accommodation fees, so it is worth considering this option when booking your stay. Some may even offer alternative sources of energy, such as solar power, to help keep costs down and reduce reliance on traditional utilities. Regardless of how you plan to handle utilities during your trip, it is important to be mindful of your energy and water consumption to help minimize your impact on the environment and conserve resources.
Sports And Leisure prices
Equatorial Guinea's location in West Africa makes it an ideal destination for sports and leisure. If you're into water sports, you'll love the stunning beaches that the country has to offer. Some of the popular activities include water skiing, snorkeling, and fishing. Inland, you can explore the country's beautiful mountains and take part in activities such as hiking and mountaineering. If you're not up for anything too strenuous, you can take a leisurely stroll through the city parks and botanical gardens or simply relax on one of the many gorgeous beaches.
Sports are a big part of life in Equatorial Guinea, especially football. The country has a national football team, and the sport is played extensively at both amateur and professional levels. Other sports that are popular include basketball, volleyball, and athletics. The country has also hosted several international sporting events, including the 2015 Africa Cup of Nations. If you're a sports fan, be sure to check out one of the local matches or competitions while you're visiting. Even if you're not a die-hard fan, the energy and enthusiasm of the locals will definitely be contagious.
Childcare prices in Equatorial Guinea can vary widely depending on the type of service needed. For parents looking for schools or kindergartens, the prices can be significantly higher than traditional daycare centers. This is because schools and kindergartens typically offer a more structured curriculum and a higher level of education than daycare centers, which can translate to a higher cost.
Despite the higher prices, many parents in Equatorial Guinea choose to enroll their children in schools or kindergartens to provide them with a strong foundation for their education. These institutions often have better facilities and resources than daycare centers, such as playgrounds, classrooms with technology, and trained teachers. Furthermore, children who attend schools or kindergartens are more likely to develop social skills and have access to extracurricular activities. Overall, while the prices of schools and kindergartens may be higher, the benefits they offer can be significant for parents looking to invest in their child's education.
Clothing And Shoes prices
Clothing and shoes prices in Equatorial Guinea vary depending on the type of apparel and the quality you are looking for. Generally speaking, imported brands tend to be more expensive than local ones. However, you can find affordable clothing and shoes in markets, especially if you are willing to haggle with vendors. Alternatively, department stores offer a wider range of options with more fixed pricing. If you are looking for high-end and luxury fashion, you can find international brands in the capital city, Malabo.
Shopping for clothing and shoes in Equatorial Guinea can be a fun and exciting experience. Local markets offer a unique shopping experience, where you can wander among colorful stalls selling everything from handmade sandals to traditional African fabrics. It's possible to bargain with the vendors, which is a fun way to practice your haggling skills. Department stores also offer a varied selection, and they are a great option if you prefer a more relaxed and air-conditioned shopping experience. Whether you are looking for practical or fashionable clothing and shoes, you can find something that suits your needs and budget in Equatorial Guinea.
Rent Per Month prices
Equatorial Guinea is a fascinating country in Central Africa, and its short rent and stay options offer great flexibility for visitors. Whether you're a business traveler looking for a temporary home away from home, or a tourist exploring the country's beautiful attractions, there are various short rent and stay options to suit your needs. Different types of accommodation are available, including apartments, hotels, and guesthouses, each with their own unique characteristics and prices.
Short rent and stay in Equatorial Guinea are quite affordable, depending on your budget and preferred location. While prices may differ from one city to another, one can find a comfortable place to stay with all the necessary amenities for a reasonable price. The country's short term housing options are perfect for visitors who want to explore this unique country without committing to a long-term stay. With many accommodation options available, finding a comfortable and convenient place to stay for your short rent in Equatorial Guinea is easy and stress-free.
Buy Apartment prices
Equatorial Guinea offers a variety of real estate options for those interested in buying property. From luxurious mansions to affordable apartments, there is something for everyone. The country's booming economy has led to an increase in construction and development, resulting in a plethora of modern and stylish properties to choose from. Whether you are looking for a waterfront villa or a cozy townhouse, Equatorial Guinea has it all.
While prices vary depending on location, size, and type of property, Equatorial Guinea offers competitive prices compared to other African countries. The cost of living is relatively high in the country, but the investment potential of the real estate market is promising. Additionally, buying property in Equatorial Guinea comes with several advantages including no property tax and potential for rental income. As the country continues to develop, the real estate market is expected to grow, making it an ideal time to invest in a piece of property in Equatorial Guinea.
Salaries And Financing prices
Salaries and financing in Equatorial Guinea are reflective of its status as one of Africa's wealthiest nations. The country has experienced an economic boom in recent years, primarily fueled by its lucrative oil reserves. As a result, the salaries earned by its citizens are relatively high, particularly in the capital city of Malabo and the Island of Bioko. Visitors to Equatorial Guinea can expect to find a high standard of living that comes at a premium price.
When it comes to financing in Equatorial Guinea, travelers will find that credit and debit cards are widely accepted in larger cities and tourist areas. However, outside of these areas, cash is king. Visitors should also note that while the country's economy is strong, the vast majority of its wealth is concentrated in the hands of a few, and poverty remains an issue for many Equatoguineans. As such, it's important to be mindful of the local economy and support small, locally-owned businesses whenever possible.